Tag: job cuts

Business

BAT to cut 9,000 jobs globally in cost-saving drive

British American Tobacco is cutting approximately 9,000 jobs, which is about one-fifth of its global workforce of 47,000, according to a report by Bloomberg. The move by BAT is part of a sweeping restructuring programme designed to reduce costs and simplify operations, with the tobacco giant targeting £600 million in annual savings by the end […]

World

W’Bank warns of massive jobs crisis in developing countries

The World Bank Group has warned that developing economies face a looming employment crisis as millions of young people prepare to join the workforce without sufficient jobs to accommodate them. This mismatch threatens economic stability, increases migration pressures, and poses risks to global security. In a blog post on its official platform, the Washington-based institution […]

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Business

Nissan cuts 9,000 jobs, slashes sales forecast

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe situation”. The company reported a 93 percent plunge in net profit in the first half as CEO Makoto Uchida told reporters that weak sales in the North American market […]