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Retail Downsizing Has Industrial-Sized Silver Lining: Gadfly

2016-08-17 20:14:00| National Real Estate Investor

Rani Molla and Shelly Banjo Retail chains may be closing stores because they no longer need as much selling space to accommodate shrinking shopper traffic, but they require more space to house all the doodads they sell online. read more

Tags: silver retail lining downsizing

 

Encana to cut workforce by further 20% on top of previous downsizing

2016-02-24 13:56:38| Oil & Gas - Topix.net

Encana Corp. says it's planning a further 20 per cent reduction in its workforce as it works to achieve up to $250 million in additional cost savings this year. The Calgary-based oil and gas producer announced the cuts with its fourth-quarter financial report, which included a $612 million net loss - mostly the result of asset writedowns and foreign-exchange fluctuation.

Tags: of top previous cut

 
 

Encana to cut workforce by further 20% on top of previous downsizing

2016-02-24 13:56:06| Energy - Topix.net

Encana Corp. says it's planning a further 20 per cent reduction in its workforce as it works to achieve up to $250 million in additional cost savings this year. The Calgary-based oil and gas producer announced the cuts with its fourth-quarter financial report, which included a $612 million net loss - mostly the result of asset writedowns and foreign-exchange fluctuation.

Tags: of top previous cut

 

Finning to cut up to 500 additional jobs in 2016, on top of 2015 downsizing

2016-02-18 20:05:45| Industrial Machines - Topix.net

Canada's largest Caterpillar heavy equipment dealer says it will cut 400 to 500 jobs from its global operations this year, on top of 1,900 that were announced last year in two separate rounds of downsizing. Vancouver-based Finning International Inc. - which also operates in South America and the United Kingdom - says about 200 of the latest cuts are in Canada and the rest will be spread across its international operations.

Tags: top additional jobs cut

 

Massive Downsizing In Oil Sector Brings Acute Pain For The Holidays

2015-12-17 13:18:10| Oil & Gas - Topix.net

The price of oil is displayed in downtown Midland, Texas, in February. Across the state, drilling budgets have been cut and companies have laid off workers.

Tags: the holidays oil sector

 

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