Tag: Job Cuts
The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.
The State Government Gazetted Employees’ Union may oppose the cut.
The German government has pressed for a fair bargain so that both parties are satisfied.
Thousands of employees await a solution following the Company’s termination of franchise agreement with CPRL.
The move, a result of subdued market demand, is aimed to optimise operational efficiency.
The staff of the oil company were told that the office would be closed and they were facing ‘involuntary severance’.
The company is apparently planning to cut 3,000 jobs as part of the cost cutting and manufacturing unit shut-down plan.
The company will carry out an orderly ramp-down, chiefly in India, over the next few months.