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GREGGS RESTRUCTURING
Greggs to spend £60 million cutting hundreds of jobs to save £20 million over two yearsGreggs will cut 740 jobs while closing several manufacturing sites across the UK in the upcoming years. The company has announced these cha...- Chipmaker Wolfspeed's shares plunge over 45% to 27-year lowWolfspeed's shares dropped nearly 48%, reaching their lowest point since 1998, after appointing Robert Feurle as the new CEO. The company f...
- US auto industry faces painful future after bailout loansThe teetering US auto industry and its union work force faced painful sacrifices and an uphill struggle to recovery on Saturday after winni...
- US offers $13.4 bn lifeline to GM, ChryslerPresident George W. Bush on Friday unveiled a 13.4 billion dollar rescue loan for struggling US automakers, but demanded tough reforms in r...
- US automakers' debt may be obstacle to loansGM alone spent $847 million on debt payments in the first nine months of the year.
- Qantas net plummets to $369mQantas Airways said on Thursday annual profit fell 30% on higher fuel and redundancy costs and said it planned to slash more jobs, includin...
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