• Tyson Foods is closing two U.S. chicken plants employing nearly 1,700 workers

    CHICAGO, March 14 (Reuters) – Tyson Foods Inc (TSN.N) will close two U.S. chicken plants employing nearly 1,700 workers on May 12, the company said on Tuesday. The closures show that the largest U.S. meat company by revenue is still trying to figure out how to improve its chicken business, which has struggled for years. […]

  • Meta to cut 10,000 jobs in second round of layoffs

    March 14 (Reuters) – Facebook parent company Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs, the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. Meta shares rose 6% on the news. The widely anticipated job cuts are part of […]

  • Air Canada pilots complain of ’embarrassing’ pay gap with US after Delta deal

    MONTREAL, March 3 (Reuters) – Air Canada (AC.TO) pilots are pushing for higher wages ahead of new contract talks, following recent gains made by pilots at US airline Delta Air Lines (DAL.N), union representatives told Reuters. A contract between Delta and its pilots that went into effect Thursday provides a 34% pay increase over four […]

  • GM is cutting hundreds of jobs to cut costs

    Feb 28 (Reuters) – General Motors Co (GM.N) is cutting hundreds of board-level and salaried jobs to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. Global reductions are in the “low hundreds,” the person said. Arden Hoffman, GM’s chief people officer, said in a letter to employees Tuesday […]

  • The French defense group Thales recruits 12,000 men as orders soar

    PARIS, Feb. 26 (Reuters) – French defense and technology group Thales (TCFP.PA) plans to hire 12,000 new employees this year as there is strong demand for all its products, CEO Patrice Caine said in a statement. interview with the French weekly Le Journal du Dimanche. He said Thales, which has a total of 80,000 employees, […]

  • Ericsson lays off 8,500 employees memo

    STOCKHOLM, Feb. 24 (Reuters) – Telecom equipment maker Ericsson (ERICb.ST) will lay off 8,500 workers worldwide as part of its cost-cutting plan, according to a memo sent to employees and viewed by Reuters. While technology companies such as Microsoft (MSFT.O), Meta (META.O) and Alphabet (GOOGL.O) have laid off thousands of employees due to the economic […]

  • Four-day workweek favored by UK employers in world’s largest trial

    Nine out of ten pilot farms adhere to a four-day working week Companies say that employees work more in less time The four-day work week is gaining traction, but some companies are still hesitant LONDON, Feb. 21 (Reuters) – Dozens of British employers trying out a four-day work week have mostly decided to stick with […]