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FINLAND: Marimekko job cuts lower than expected

2014-03-31 19:18:00| Daily apparel & textile news and comment - from just-style.com

Apparel business Marimekko is to cut 22 jobs in Finland - half of what the company first predicted, to save the business about EUR1.5m (US$2.1m) a year.

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United Kingdom: David Cameron halts Environment Agency job cuts amid floods clean-up

2014-02-14 17:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The prime minister has said the Environment Agency will not lose 500 members of staff amid its efforts to deal with Britains flooding. However, he has not said whether the job cuts will go ahead once the situation has been dealt with. David Cameron told BBC Breakfast, Those have never been announced plans. These arent plans that are going to put in place. Of course every organisation has to make sure it is efficient but nothing will be done at the Environment Agency that will hamper our...

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Environment Agency job cuts on hold due to UK floods crisis

2014-02-14 12:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Plans for hundreds of redundancies at the Environment Agency have been put on hold because of the floods crisis sweeping the country. The agency's chief executive has sent an email to staff saying that the response to the flooding is taking priority over other work. Paul Leinster said: "We are quite rightly prioritising incident response above all other work. With this in mind, we are reviewing the timetable for the change programme. "We will not be taking further decisions on work stream...

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Sony confirms 5,000 job cuts, sale of PC business

2014-02-06 01:00:00| Total Telecom industry news

Japanese electronics maker expects to swing to full-year net loss.

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KPN plans more job cuts as Q4 sales fall 10%

2014-02-04 09:01:00| Telecompaper Headlines

(Telecompaper) KPN reported fourth-quarter sales down 9.6 percent to EUR 2.06 billion, excluding its German operation E-Plus, which is planned for sale to Telefonica. Only the company's Dutch residential activities reported growth, with sales up 2.5 percent, while all the other operations lost revenues on an annual basis, led by Dutch consumer mobile, down 15 percent. EBITDA fell 29 percent year-on-year to EUR 581million, in part due to the company abandoning its handset lease model. Operating profit still almost doubled to EUR 98 million, and the net loss was reduced to EUR 108 million or 4 cents a share. Including E-Plus, KPN posted a loss of 6 cents a share. After completing the job reduction plan started in 2011, which led to the loss of 4,650 positions, KPN announced a new round of lay-offs, which should lead to 1,500-2,000 jobs cut by 2016. Part of the company's simplification plan announced at the Q3 2013 report, the latest restructuring is expected to lead to EUR 300 million in cost savings. Pending the sale of E-Plus, which KPN said it's confident will go ahead, the company plans to resume dividends for fiscal 2014, with a payment of 7 cents a share.

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