GenevaLunch » job cuts

HP to lay off 27,000

Ellen Wallace — Wed, 23 May 2012 21:26:18 +0000

GenevaLunch.com GENEVA, SWITZERLAND – Hewlitt-Packard, which has its Europe-Africa-Middle East head office in Meyrin, Geneva, announced Wednesday from its head office in California that it expects some 27,000 employees, about 8 percent of its global workforce “to exit the company” by the end of 2014. Details about where the job cuts will take place have not [...]

HP to lay off 27,000 © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Lufthansa Technik to cut 200-plus jobs in Basel

Ellen Wallace — Tue, 15 May 2012 17:09:58 +0000

GenevaLunch.com BASEL, SWITZERLAND – Lufthansa Technik, a subsidiary of the parent of Swiss, the airline, is going on a strict died, restructuring to focus on just one product. The company will cut 82 of its 302-person workforce as a result. The move comes as a result of the high franc and tough airline market conditions, the [...]

Lufthansa Technik to cut 200-plus jobs in Basel © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

UBS: job cuts in investment banking as focus shifts to wealth mgmt.

Ellen Wallace — Thu, 17 Nov 2011 22:10:30 +0000

GenevaLunch.com ZURICH, SWITZERLAND – Switzerland’s largest bank, UBS, said Thursday 17 November that it will strip down its investment banking business and reduce its risks to concentrate on global wealth management and its private banking business in Switzerland. The restructuring was detailed at an investors conference in New York, with new chief executive Sergio Ermotti giving [...]

UBS: job cuts in investment banking as focus shifts to wealth mgmt. © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Bobst to cut 420 jobs, mostly in Lausanne

Ellen Wallace — Tue, 08 Nov 2011 10:44:25 +0000

GenevaLunch.com Credit Suisse says its job cuts are mostly outside Switzerland LAUSANNE, SWITZERLAND – Machine tools manufacturer Bobst says it will cut 8 percent of its 5,300-strong workforce by 2013, as part of restructuring. Most of the 420 jobs that will be lost are in Lausanne while the company relocates some of its work. “Owing to [...]

Bobst to cut 420 jobs, mostly in Lausanne © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Credit Suisse, Kudelski cut jobs, ILO raises world job concerns

Ellen Wallace — Tue, 01 Nov 2011 09:07:14 +0000

GenevaLunch.com GENEVA / ZURICH, SWITZERLAND – Credit Suisse Tuesday 1 November confirmed weekend rumours that it is cutting jobs, saying it will reduce its global staff head count by 3 percent (some 1,500 jobs), while Kudelski in Lausanne announced it will cut 270 jobs, most of them in Switzerland. The ILO (International Labour Organization) in Geneva, [...]

Credit Suisse, Kudelski cut jobs, ILO raises world job concerns © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Cisco rumoured to be slashing up to 10,000 jobs

Ellen Wallace — Thu, 14 Jul 2011 07:52:17 +0000

GenevaLunch.com GENEVA, SWITZERLAND – Cisco, which has three Swiss offices, including one in Rolle in canton Vaud, was busy presenting its latest products at Cisco Live in Las Vegas, Nevada Wednesday 13 July while the business rumour mill was grinding out stories about expected layoffs that could be as high as 10,000, according to Bloomberg Monday, [...]

Cisco rumoured to be slashing up to 10,000 jobs © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Huffington deal signed, AOL handed 20% job cut

Ellen Wallace — Fri, 11 Mar 2011 08:45:38 +0000

GenevaLunch.com The ink was barely dry on the $315 million sale of the Huffington Post to AOL, a deal that closed Monday, when the online media company announced Thursday 10 March that it is cuttiing nearly 1,000 jobs. The company employs 5,000 people worldwide. The US operation will see 200 jobs axed, but India will get [...]

Huffington deal signed, AOL handed 20% job cut © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Alstom to cut 750 Swiss jobs; 4,000 jobs world-wide

Sean Ecker — Tue, 05 Oct 2010 12:08:19 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) – The French energy and transport group, Alstom, has announced the reduction of 4,000 jobs world-wide. The most heavily affected countries will be Germany, the USA and Switzerland, where 750 jobs are at stake. Alstom referred to markets where investment in new energy equipment has been most affected by the economic crisis [...]

Alstom to cut 750 Swiss jobs; 4,000 jobs world-wide © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Largest Swiss health insurer plans 500 job cuts

Ellen Wallace — Wed, 10 Mar 2010 15:29:26 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) - Switzerland’s largest health insurance company, Helsana, is reportedly considering cutting 500 jobs, according to an ATS article 10 March. The news agency received a copy of an internal company memo. Helsana had a loss of CHF215 million in 2008, followed by a loss of CHF58m in 2009, and the company’s reserves [...]

Largest Swiss health insurer plans 500 job cuts © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss public media to cut 100 jobs

Ellen Wallace — Thu, 25 Feb 2010 18:16:12 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) - Journalists will be spared but 100 of their colleagues in support services at SSR, Swiss Public Broadcasting Corporation, will lose their jobs between now and 2014. Support services, with 735 employees, include: computer services, real estate, logistics, human resources, training, communications, marketing, and accounting. SSR owns TSR television, RSR radio and [...]