Nokia to cut 220 jobs in Japan
World’s leading mobile phone manufacturer Nokia has announced that they are cutting around 220 jobs in their operations in Japan.
These jobs would be cut at their research and development units in Japan as part of their cost cutting initiatives.
The company had recently announced a similar job cut at [...]

Tata Motors posts annual loss
Tata Motors has come out with their latest revenue report and the company has posted their first annual loss in eight years.
The company has also announced more job cuts. Tata is also going to close down some more plants related to Jaguar and Land Rover.
Tata Motors posted a consolidated [...]

New York Times to remove sections to cut costs
New York Times is planning to eliminate several weekly sections in addition to cutting freelance spending to save millions of dollars in annual costs.
The newspaper said in a statement: “Taken together, these moves will save millions of dollars — savings that would otherwise have to come [...]

GE Capital to reorganize to cut costs

US based GE has announced that they would launch a reorganizing process at their GE Capital division.
The aim is to cut costs and save $2 billion next year.
GE said that the newly structured company would be ready by the start of next year.
The economic slowdown is hurting everyone apparently [...]