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Tag: cutting
Weatherford Cutting 6,000 More Jobs as Oil Downturn Worsens
2016-02-04 21:08:36| Oil & Gas - Topix.net
Weatherford International Plc plans to lay off an additional 6,000 workers, about 15 percent of its workforce, over the first half of this year to cope with the worst crude market downturn in 30 years. The latest round of cuts brings to 20,000 the number of people who have been or will be let go by the world's fourth- largest oilfield services supplier as oil prices tumbled by more than two thirds.
Tags: jobs
oil
cutting
downturn
Oil industry cutting jobs, investment to offset lower prices
2016-02-03 04:16:38| Energy - Topix.net
The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. The results were even worse at BP, which posted a 91 percent decline in profit.
Tags: jobs
prices
industry
lower
Oil industry cutting jobs, investment to offset lower prices
2016-02-02 23:40:40| Oil & Gas - Topix.net
The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. The results were even worse at BP, which posted a 91 percent decline in profit.
Tags: jobs
prices
industry
lower
No retreat for 'Slasher Walsh': IAG airline boss to keep cutting costs
2016-01-31 19:49:38| Airlines - Topix.net
LONDON, Jan 31 Once dubbed "Slasher Walsh" for his relentless drive to cut costs, the boss of British Airways-owner IAG is showing no sign of going soft. Willie Walsh has built his reputation on his refusal to give ground to unions and a willingness to wield the axe at former state-owned airlines, convinced it's the only way to stay competitive in an era when budget carriers increasingly rule the roost.
Tags: costs
cutting
boss
airline
'Do you apologize?': Donald Trump clashes with reporter before cutting him off at a press conference
2016-01-27 09:33:51| Wireless - Topix.net
Real-estate mogul Donald Trump strongly objected at a Tuesday-evening press conference when a reporter did not provide the full context of one of his quotes. The reporter noted that Trump is being criticized on the campaign trail because he said on "Meet the Press" in 1999 that he was strongly in favor of abortion rights.
Tags: off
press
conference
cutting
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