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Thousands of jobs to go: Alcoa

Alcoa to cut 13,500 jobs worldwide Photo

Posted January 7, 2009 09:26:00
Updated January 7, 2009 09:53:00

US-based aluminium giant Alcoa says it will slash some 13,500 jobs, or 13 per cent or its global workforce, and reduce output to cope with the global economic downturn.

Tags: business-economics-and-finance, company-news, industry, international-financial-crisis, australia, wa, united-states

UK retail giant Marks and Spencer to slash jobs Photo

One of the UK's biggest retailers, Marks and Spencer, is set to slash its workforce as the recession takes hold.

Tags: business-economics-and-finance, company-news, industry, retail, united-kingdom, england

German billionaire commits suicide after $750m loss

German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global economic slowdown.

Tags: business-economics-and-finance, community-and-society, suicide, human-interest, people, international-financial-crisis, germany

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