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Telstra to cut 6,000 jobs by end of FY19, take AUD 500 mln impairment charge
2019-05-29 10:01:00| Telecompaper Headlines
(Telecompaper) Australian operator Telstra has announced that "as a result of good progress on its T22 strategy", it expects to take a non-cash impairment and write down the value of its legacy IT assets by around AUD 500 million. Telstra also announced it is increasing guidance on its FY19 restructuring costs by AUD 200 million, as a result of bringing forward consultation on proposed job reductions.
Jeanologia production model to cut lead time to "weeks or days"
2019-05-28 16:35:00| Daily apparel & textile news and comment - from just-style.com
Spain-based denim finishing technology specialist Jeanologia is to present a production model at textile and garment technology fair ITMA 2019 that is based on digitalisation and sustainability that reduces lead times and simplifies the production process.
US Oil Drillers Cut Rigs For Third Week In A Row
2019-05-24 20:32:38| OGI
U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as weaker oil prices encourage drillers to follow through on plans to cut spending.
Telia to cut workforce by 10% in Norway after acquisitions, market pressure
2019-05-21 13:45:00| Telecompaper Headlines
(Telecompaper) Telia Norway has announced that it is cutting about 10 percent of its workforce following the merger with TDC Norway and Get, but also because of more general industry pressures. Telia said it will scrap about 240 positions, including both employees and consultants. Many of the reductions will involve not filling vacancies.
Tags: market
cut
pressure
norway
US Rig Count Falls As E&P Companies Cut Spending
2019-05-17 19:25:30| OGI
Drillers cut three oil rigs in the week to May 17, bringing down the total count to 802, below the 844 units operating a year ago, Baker Hughes, a GE company, said in its weekly report.
Tags: companies
cut
count
falls
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