caLogo

News

BREST, FRANCE -- Roughly 300 employees at Jabil Circuit's plant here went on strike last Wednesday to protest the site's possible closure, according to published reports.

As reported by Ouest France, Jabil has indicated plans to close, sell or otherwise restructure the plant. The paper reported the site’s revenues are 25% below expectations.

Jabil acquired the site and its then 700 employees from Alcatel in 2002.

HELSINKI — Nokia Siemens Networks will lay off 1,250 employees in Finland and Germany as part of a previously announced cost-cutting plan. The cuts bring the total to 7,250 workers sacked since June 2006.

The job cuts include 750 employees in Finland and 500 in Germany. Modest cuts will be made elsewhere, the firm added.
Read more ...
MONTREAL -- Nortel Networks today said it would cut about 1,300 jobs between now and 2009 after reporting a $3.41 billion loss in the September quarter, including a noncash charge of $3.21 billion for goodwill and deferred tax assets.

Among those losing their jobs are chief technology officer John Roese, global services president Dietmar Wendt and executive vice president global sales Bill Nelson.

The company is instituting a series of wage and spending freezes as well in an effort to preserve cash.

Page 3599 of 5010

Don't have an account yet? Register Now!

Sign in to your account