Category: shed
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Berkshire Hathaway has shed more than 4,000 jobs
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(Reuters)-BRK-B, BRK-A on Friday said it launched more than 4000 jobs during the past year, although the group run by Warren Buffett is running quickly to achieve standard annual employment profit. In an organizational file, Berkshire said that dozens of operating companies are employing about 392,000 people, a decrease from…
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Hapoalim to shed 770 employees in streamlining plan
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Bank Hapoalim (level: Polly) The Board of Directors, based on the management’s recommendation, announced a simplified plan based on voluntary retirement between 2025 and 2028. The plan is based on the objectives of the bank’s strategic plan, with a focus on improving operational efficiency and enhancing operating models as part…
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Hapoalim to shed 770 employees in streamlining plan
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Bank Hapoalim (level: Polly) The Board of Directors, based on the management’s recommendation, announced a simplified plan based on voluntary retirement between 2025 and 2028. The plan is based on the objectives of the bank’s strategic plan, with a focus on improving operational efficiency and enhancing operating models as part…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
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By Max A. Czerny and Milana Finn (Reuters) – Intel Corp Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker,…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says By Reuters
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By Max A. Czerny and Milana Finn Intel Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker, a person familiar…
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U.K. Economy Shed Fewer Than Expected Jobs in April, Wages Beat Estimates
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The latest UK employment report was mostly better than expected, with the economy losing just 8.9K jobs in April versus an estimated decline of 13.9K jobs. In addition, previous readings enjoyed notable improvements, reflecting flexibility in the labor market and strong wage inflation. Change in the number of claimants in…
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New Zealand Economy Shed Jobs in Q1, Unemployment Rate Rose to 4.3%
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The New Zealand economy unexpectedly lost jobs by 0.2% on a quarterly basis in the first quarter of 2024, raising the unemployment rate from 4.0% to 4.3% over the period. The principal components revealed that the labor force participation rate fell from 71.9% to 71.5%, indicating that people may be…