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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.
Kraft Heinz announces 2,500 job cuts
2015-08-12 16:07:12| BBC News | Business | UK Edition
Kraft Heinz cuts 2,500 jobs in the US and Canada as part of a programme of cost cutting following its recent merger
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Sentera's Technology is Helping Increase Crop Production and Job Safety
2015-08-12 12:31:12| Industrial Newsroom - All News for Today
MINNEAPOLIS Minneapolis-based Sentera LLC is redefining drones, sensors and data management by applying over 100 years of combined design and development experience to the agriculture, infrastructure and public safety markets. Information that was previously unattainable or unaffordable, including multispectral...
Tags: technology
increase
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production
After a year on the job, DGSE Companies CEO resigns, no replacement named
2015-08-11 19:14:08| Jewelry - Topix.net
After just a year on the job, DGSE Companies CEO James D. Clem is leaving the business. DGSE, headquartered in Dallas, wholesales and retails jewelry, diamonds, watches, precious metal products and rare coins at Charleston Gold & Diamond Exchange, Chicago Gold & Diamond Exchange and Dallas Gold & Silver Exchange.
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More Job Cuts at P&G
2015-08-11 17:04:43| Happi Breaking News
Head count to fall below 100,000.
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