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Telecom NZ to cut up to 1,230 jobs

2013-03-28 02:23:00| Telecompaper Headlines

(Telecompaper) Telecom New Zealand has confirmed it plans to reduce staff levels from 7,530 to around 6,300-6,600 by the middle of this year. The reduction will be carried out through constraints on recruitment, voluntary and involuntary redundancies, and the transfer of roles to other employers associated with portfolio rationalisation decisions. The company expects to incur one-off restructuring costs of NZD 70-80 million in this financial year. Telecom believes that payroll costs (Opex and Capex) will reduce by NZD 90-110 million on an annualised basis. The company's adjusted EBITDA guidance for FY13 remains NZD 1.04-1.06 billion, which excludes the one-off restructuring costs.

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NZ Telecom cuts jobs, restructures to improve competitiveness

2013-03-28 01:00:00| Total Telecom industry news

Incumbent operator plans to shed around 1,000 full time staff in bid to save up to $84 million a year in payroll costs.

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The Matador Cattle Company Supports More Than 135 Jobs In Local Communities

2013-03-27 22:35:55| Beef

In 2012, Koch companies, such as The Matador Cattle Company, directly employed more than 47,000 people throughout all 50 states and the District of Columbia, paying compensation and benefits totaling more than $4 billion according to a recent study by Harrah Analytics, an independent economic research firm.   read more

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Bi-Lo cutting jobs in South Carolina

2013-03-27 16:50:55| Grocery - Topix.net

Bi-Lo Holdings LLC is laying off 130 employees in Mauldin, S.C., the former home of its headquarters, the Charlotte Business Journal reports.

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Indonesian officials warn minimum wage could cost drinks jobs

2013-03-27 00:17:08| Beverages - Topix.net

Officials in Indonesia have warned that several industries in the country, including the beverage industry, could be damaged if the proposed minimum wage increase is not delayed.

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