United Kingdom | Wednesday, 3 December 2008

Losses Articles

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11. Persimmon to cut 1,000 jobs
Persimmon is to announce job cuts of around 1,000 staff on Tuesday, according to a newspaper story.
07 Jul 2008
12. Barratt to cut 1,000 jobs
Barratt Developments is reported to be on the verge of cutting 1,000 jobs.
04 Jul 2008
13. Credit crunch looms over regional jobs
The threat to jobs from the global credit crunch will spread wider than the City of London financial district and could affect many regions across Britain, economists said on Wednesday.
25 Jun 2008
14. Aviva eyes up to 1,800 job cuts by 2010
Largest insurer Aviva said on Friday it could cut up to 1,800 jobs by the end of 2010 as part of an overhaul of its general insurance operations first announced late last year.
06 Jun 2008
15. Citigroup to cut 700 UK jobs
Citigroup said on Monday it could be cutting nearly a quarter of its jobs in its UK consumer business in order to focus on its Citi and Egg brands.
19 May 2008
16. UBS to cut 5,500 jobs
UBS will cut 5,500 jobs or almost 7 percent of its workforce as Europe's biggest subprime casualty reverses a rapid expansion into investment banking.
06 May 2008
17. Credit losses may be half of estimates
The scale of losses and the economic fallout from the global credit crunch may not be as bad as feared and subprime losses could end up costing less than half market forecasts, the Bank of England said on Thursday.
01 May 2008
18. RBS said to drop 7,000 jobs
Royal Bank of Scotland (RBS) is set to begin the integration of ABN AMRO's investment bank, a move likely to cost 7,000 out of 28,000 jobs at the company.
28 Apr 2008
19. Logica axe 1,300 jobs
Logica Plc, the IT services company said that it would be axing around 1,300 jobs in a £110 million restructuring programme. The company said it expected the restructuring to deliver cost savings reaching an annualised amount of £80 million from 2010.
22 Apr 2008
20. UBS report blames lax controls for credit losses
Poor risk control and a narrow focus on revenue growth at UBS AG's investment bank helped cause huge credit losses, UBS said on Monday, as it prepares to meet restive shareholders this week.
21 Apr 2008
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