(PTI): The US Labor Department says after American employers laid off 467,000 jobs in June, the rate of unemployment has hit a 26-year high of 9.5 percent.
The department says in its latest report that despite signs of recovery in the recession-hit economy, companies will likely cut more jobs to cope with the recent (more…)
(PTI): The US private sector cut 491,000 jobs in April to reach the lowest level since November 2008, a report by ADP Employer Services has shown.
The April figure was much lower than analysts’ expectation of 650,000 job cuts and the 708,000 layoffs in March — the latest in a series of data suggesting the prolonged (more…)
Royal Bank of Scotland (RBS) has planned to lay off 9,000 jobs; half of them are from the UK. This is addition to 2,700 cuts already announced by RBS this year. The whole bank employs (more…)
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