Browsing All posts tagged under »layoff«

LOT Polish airlines will still be sold this year

February 25, 2013


(PUBLISHED IN THE WARSAW VOICE) The troubled Polish flag carrier PLL LOT will still be sold this year, after a restructuring involving mass layoffs, newly appointed LOT CEO Sebastian Mikosz told reporters at a press conference on Thursday. “I am confident that LOT can be privatized and this is my (…) objective number one,” Mikosz […]

In Germany, more than 1,000 pharma jobs to go at Merck

October 16, 2012


(PUBLISHED IN FINANZEN.NET) German chemicals and pharmaceuticals group Merck KGaA announced plans to slash one in ten jobs in Germany over the next three years in an effort to save costs.   The company said in a statement that none of the cuts would involve forced redundancies. “Merck plans to eliminate around 1,100 of the […]