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But generally, when sales and profits drop, wages aren't cut, even in firms undergoing layoffs.
Metro saw revenues fall 9% to £65m and profits drop 12% to £15m.
BASF, the world's biggest chemical company, saw its profits drop by half as both volumes and prices slumped.
BBC Worldwide saw headline profits drop 11.9% to £138.6m following last year's sale of a 49.9% stake in BBC America to AMC.
[C4.] G.M.'s Profits Drop in Quarter General Motors said soaring health care costs and problems in Europe caused its fourth-quarter profit to fall 37percentt.
[C4.] Profits Drop 40% at Freddie Mac Freddie Mac, the government-sponsored finance company, said its earnings plunged more than 40percentt last year.
Similar(22)
Underlying profits dropped 7% to £2 billion.
Overall profits dropped 24.5% to £1.38bn.
That year, Boeing's profits dropped 80percentt.
At the 80% reduction target, profits dropped down to $701 million.
Profits dropped 19.8 percent to $820 million over the same period.
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