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STC seeks to slash USD 2.40 bln offer for Vodafone Egypt - report

2020-09-08 09:39:00| Telecompaper Headlines

(Telecompaper) Saudi Telecom Company (STC) is in discussions to reduce its non-binding USD 2.39 billion offer for a stake in Vodafone Egypt, Bloomberg reported, citing two people with direct knowledge of the talks. The discussions come as a deadline nears for STC to move ahead with the non-binding offer first made in January. In July, the Saudi extended the memorandum of understanding for 60 days because of the effects of the Covid-19 pandemic. 

Tags: report offer usd egypt

 

L Brands to slash corporate workforce by 15%

2020-07-29 12:41:00| Daily apparel & textile news and comment - from just-style.com

L Brands is the latest retailer to outline workforce reductions as the industry has been left reeling from the Covid-19 pandemic, with the Victoria's Secret-owner planning to cut its home office headcount by about 850 associates.

Tags: corporate brands workforce slash

 
 

JCPenney to slash 1,000 jobs and shutter 152 stores

2020-07-16 14:00:00| Daily apparel & textile news and comment - from just-style.com

JCPenney is to axe about 1,000 jobs and close 152 stores as the US retail giant proceeds with plans to emerge from both Chapter 11 and the coronavirus pandemic as a smaller, more financially flexible company.

Tags: jobs stores slash shutter

 

UK firms slash 10,000 jobs in two days in retail and aviation

2020-07-01 14:52:16| BBC News | Business | UK Edition

Businesses including Topshop owner Arcadia, Harrods, John Lewis, Airbus and EasyJet are cutting back.

Tags: days jobs retail firms

 

Norway Oil Firms Slash Investment Plans amid Pandemic

2020-06-04 15:11:20| OGI

The biggest drop will come in the exploration for new reserves and in spending on development plans, while ongoing oilfield construction work continues largely as expected, the data showed.

Tags: plans investment oil firms

 

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