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Daimler Reverses Brazil Truck Job Cuts by Reducing Hours Instead

2015-09-01 15:11:13| Auto Dealers - Topix.net

Daimler AG reversed course on the 1,500 job cuts announced last week at its Brazilian truck-making division, saying it will scale back hours by 20% instead as demand shows no sign of improving. The agreement with local unions guarantees jobs until August 2016, and the Brazilian state will compensate employees for about half their lost pay, the Stuttgart, Germany-based company said in a statement Aug. 31. Workers at Daimler's factory in Sao Bernardo do Campo went on strike in response to the cuts originally proposed, which would have cost about 13% of the company's Brazilian workforce their jobs.

Tags: hours job instead brazil

Kraft Heinz announces 2,500 job cuts in US and Canada

2015-08-14 01:00:00| Food Processing Technology

The newly formed Kraft Heinz company has announced 2,500 job cuts in the US and Canada as part of efforts to lower costs.

Tags: canada job kraft cuts

Lenovo plans job cuts as sales slow, profits fall

2015-08-13 08:57:00| Telecompaper Headlines

(Telecompaper) Lenovo saw its revenue growth slow to 3 percent in its fiscal first quarter June, to USD 10.7 billion. Net profit fell 51 percent year-on-year to USD 105 million. The company said it suffered from the slowdown in the PC and tablet market, growing competition in smartphones, especially in China, marcoeconomic and currency headwinds in key markets such as Brazil, and "rapidly shifting technology demand" at its enterprise business. To address the difficult market conditions, Lenovo announced a round of restructuring, focusing on better integrating its recent acquisitions and lowering costs. This will include the elimination of 3,200 jobs outside manufacturing, or around 5 percent of its total workforce.

Tags: sales job fall plans