Wal-Mart's Seiyu To Slash Workforce By 26%.
Panasonic shed 15,000 employees, NEC slashed its workforce by 20,000 and Hitachi said 7,000 jobs would go.
In 2001 Prokhorov assumed the directorship of Norilsk, where he slashed the workforce and brought in incentive programs to improve conditions at the Soviet-era Siberian refinery.
At Knickerbox, Mr Klesch slashed the workforce while opening new shops "to show the remainder that there is a way forward".
He has prepared the Newcastle-based lender for sale by splitting it into a "good" and "bad" bank and in the process has slashed the workforce from 6,500 to 2,500.
The decision leaves Adani, which is yet to secure sufficient financial backing for Carmichael and recently slashed its workforce on the project, without legal authority to begin construction.
Alcoa Inc.—which since 2009 had reduced operations by $3 billion, slashed its workforce by 30%, and reduced its production by 20%—reported third-quarter net income of $61 million, a 20% drop from third-quarter 2009.
Foul: Motorola has slashed its workforce by 48,000 since August 2000 and promises another 9,400 cuts planned for this year.
On Dec. 30, Web discounter Value America slashed its workforce by 47% and said it will drop its department store approach and instead refocus sales on PCs and peripherals only.
Captain Mohammed Ahmed was appointed CEO in 1980, and slashed the workforce by 10%.
