Citigroup Inc is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, according to two people familiar with the matter. In December, Citigroup said it was withdrawing from consumer banking in five countries - Pakistan, Paraguay, Romania, Turkey and Uruguay - as part of an expense reduction plan that will save $1.1 billion a year and eliminate 11,000 jobs. The...
11:22 AM, Jan 31, 2013
The government on Thursday formed a panel to suggest measures to cut rising operation costs of Air India after the national carrier was found to have suffered an average net loss of Rs 404 crore a month March-October last year. ...
04:22 AM, Jan 04, 2013
London: Global banking major HSBC on Monday said it plans to slash around 30,000 jobs worldwide by the end of 2013, as part of a broader cost-cutting drive. "Five thousand roles had already gone so far this year and another 25,000 would need to be removed from the 296,000 global workforce," bank's Chief executive Stuart Gulliver was quoted as saying by 'The Guardian'. "There will be something like 25,000 roles...
05:57 PM, Aug 01, 2011
This is apart from 5,000 jobs already cut under a plan to reduce costs. ...
10:08 AM, Nov 05, 2009
He cited example of Japan airlines that shed 6,800 jobs to shed costs. ...
10:54 PM, Oct 01, 2009
The airliner has also posted a net loss of Rs 1,609 cr for FY ending March 31. ...
10:20 AM, Jul 29, 2009
Move will save time and costs, besides fast-forwarding recruitment process. ...
02:53 AM, May 26, 2009
They're all above 60 yrs and in the rank of managers and senior managers. ...
11:39 PM, Apr 30, 2009
Jet Airways slashed salaries by upto 25 pc for its senior employees. ...
12:52 PM, Apr 24, 2009
Tata says would like to see a 10 pc yr-on-yr improvement in cost reduction. ...
10:27 AM, Apr 21, 2009
How to deal with meeting the basic requirements with less means to buy. ...
11:09 AM, Mar 13, 2009
Jet CEO Wolfgang Prock-schauer says signs are good for the first half of this year. ...
03:18 PM, Jan 06, 2009
Us and them is the divide Jet Airways chairman Naresh Goyal is dealing with. ...
02:48 PM, Nov 26, 2008
Expat pilots get a tax-free salary of around $25,000 per month. ...
02:12 PM, Nov 25, 2008
FM has been nudging India Inc to lower prices. ...
09:19 PM, Nov 20, 2008
The bank will keep its branches open for nine hours instead of its 12 hours schedule. ...
01:30 AM, Nov 15, 2008
Vodafone announced a cost cut of £1bn due the rising price of raw material. ...
11:39 AM, Nov 12, 2008
Left says the present crisis was aviation sector's own making. ...
11:31 PM, Oct 15, 2008
Govt says Jet lay-offs are company's HR policy. ...
11:09 PM, Oct 15, 2008
Jet is cutting costs to cope with a fall in load factor, which on a year-on-year basis has gone down by 8 per cent to just over 65 per cent. ...
03:15 PM, Nov 07, 2006
