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The Unite union's regional officer Martin McKeown said it was "disappointed" with the move to slash jobs, promising to oppose compulsory redundancies.
The move to slash unemployment benefits, then, is counterproductive as well as cruel; it will swell the ranks of the unemployed even as it makes their lives ever more miserable.
Traders are uncertain whether the Federal Reserve's move to slash US interest rates to 0.25% was a good one, or could leave it with too few options if the cut fails to stimulate the US economy.
The good news is that the Federal Reserve's move to slash interest rates helped keep firms' losses relatively small, said Frank Fernandez, chief economist of the Securities Industry Association.
The visitor, Tim Phillips, the president of Americans for Prosperity, told a large group of counterprotesters who had gathered Saturday at one edge of what otherwise was a mostly union crowd that the cuts were not only necessary, but they also represented the start of a much-needed nationwide move to slash public-sector union benefits.
The Herald, a Scottish newspaper reports that a move to slash corporation tax could be blocked by the European Union.
Similar(47)
And he didn't stop there: He has moved to slash costs, handing pink slips to more than 4,000 workers and shuttering around 8percentt of Sprint's stores.
That partner would be likely to make demands that could slow both entry into the European Union and moves to slash the budget deficit.
WASHINGTON — Forging ahead with another round of spending reductions, House Republicans on Wednesday moved to slash federal spending for next year by another $30 billion below the cuts enacted in the April deal that averted a government shutdown.
Sony has also moved to slash costs and jobs and sell off some unprofitable businesses, refocusing the company on digital cameras and imaging technology, video games and mobile devices.
Israel has been presented with a hefty bill for 50 days of war in Gaza, as the prime minister, Binyamin Netanyahu, moved to slash government spending by 2% this year to offset the $2.52 bn (£1.51bn) cost of the conflict.
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Justyna Jupowicz-Kozak
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