FTSE Surges.
Why the bail-out rally might be short-lived - MoneyWeek
BT job cuts tally to hit 35,000 - report | Reuters
BT had said it would cut 15,000 jobs in the year to April, on top of 15,000 jobs cut the year before. In fact, it has cut a total of 35,000 jobs over the length of its turnaround effort.
The paper, quoting no sources, said the company's finance director is aiming for at least a further 5,000 job cuts this year.
BBC News - RBS planning to cut 2,600 UK jobs
Royal Bank of Scotland has said it is to cut a further 2,600 UK jobs over the next year.
Most of the losses are in its insurance division, with 600 posts going at the head office of its retail banking arm.
The bank has been trying to cut costs since the massive government bail-out to save it from collapse in 2007, which left RBS 84%-owned by the taxpayer.
It had already announced almost 20,000 job losses across its business worldwide since the bail-out.
Kraft job losses possible in UK head office move from Cheltenham - Marketing news - Marketing magazine
LONDON - Kraft has not ruled out further UK job cuts as it announces the proposed transfer of its 450 Cheltenham-based employees into Cadbury's Uxbridge and Bournville head offices.
Etc etc.
Welcome to the jobless recovery.
Why the bail-out rally might be short-lived - MoneyWeek
BT job cuts tally to hit 35,000 - report | Reuters
BT had said it would cut 15,000 jobs in the year to April, on top of 15,000 jobs cut the year before. In fact, it has cut a total of 35,000 jobs over the length of its turnaround effort.
The paper, quoting no sources, said the company's finance director is aiming for at least a further 5,000 job cuts this year.
BBC News - RBS planning to cut 2,600 UK jobs
Royal Bank of Scotland has said it is to cut a further 2,600 UK jobs over the next year.
Most of the losses are in its insurance division, with 600 posts going at the head office of its retail banking arm.
The bank has been trying to cut costs since the massive government bail-out to save it from collapse in 2007, which left RBS 84%-owned by the taxpayer.
It had already announced almost 20,000 job losses across its business worldwide since the bail-out.
Kraft job losses possible in UK head office move from Cheltenham - Marketing news - Marketing magazine
LONDON - Kraft has not ruled out further UK job cuts as it announces the proposed transfer of its 450 Cheltenham-based employees into Cadbury's Uxbridge and Bournville head offices.
Etc etc.
Welcome to the jobless recovery.
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