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HTC to cut 15% of workforce, targets 35% lower costs

2015-08-13 13:31:00| Telecompaper Headlines

(Telecompaper) HTC announced plans for a major restructuring, including cutting 15 percent of its global workforce. Falling the recent sharp slide in its sales, the company said it aims to reduce operating costs by 35 percent. The restructuring includes the establishment of new business units in order to focus more on profitable growth in the key areas of premium smartphones, virtual reality, and connected lifestyle products. "We need a flexible and dynamic organization to ensure we can take advantage of all of the exciting opportunities in the connected lifestyle space," said CEO Cher Wang. "This strategic realignment of our business will ensure that each product group has the right focus, the right resources and the right expertise to win new markets."

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VIDEO: Tui faces terrorism costs of 20m

2015-08-13 12:00:00| BBC News | Business | UK Edition

Travel operator Tui Group says the beach attack in Tunisia in June and the ongoing migrant crisis in Greece will hit its annual profits.

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AT&T to use new scale to cut content costs

2015-08-13 02:00:00| Total Telecom industry news

U.S. telco raises guidance in wake of DirecTV, Mexico acquisitions; eyes cross-selling opportunities in U.S. and possibility of expansion in Latin America.

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HTC to cut 2,300 jobs in a bid to lower costs

2015-08-13 02:00:00| Total Telecom industry news

Troubled Taiwanese smartphone maker to increase focus on premium smartphones, virtual reality, emerging form factors.

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Exchange rates, upgrades and material costs affect Sappi Group profits

2015-08-12 23:08:15| Paper - Topix.net

Global paper producer Sappi Group , based in Johannesburg, has released its third quarter financial results, for the quarter ending June 30, 2015. The company posted a profit for the period of US $4 million, compared with profits of US $17 million in the third quarter of 2014.

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