Two days ago, the British government told TATA that it would not underwrite loan guarantees without conditions (story). TATA didn't like that - and said the UK Government was putting jobs at risk. Today, TATA owned CORUS, the rump of what was Br...
HSBC plans 1200 UK redundancies
UK headquartered banking group HSBC says that, in addition to the 500 jobs previously announced as lost, a further 1200 will go in the UK.
IBM cutting 5,000 in US?
Rumours about in the world's press that IBM is to cut an additional 5,000 jobs in the USA as it offshores and outsources to Bangalore and other centres in India.
Airbus Industrie to cut 250 wing-maker jobs
Airbus Industrie has announced that it will terminate or not renew the contracts of 250 contract staff in Broughton which, although technically in Wales, is almost annexed to Chester.
200 jobs go as 1car1 folds
A note of personal sadness: 1car1 was our favourite UK car hire company. Rarely over the last few years have we had a car more than a few weeks old, and rarely one that had travelled more than a couple of thousand miles when we picked it up. The...
Administrators for Principles, the UK high street fashion chain, was put into administration by its owners, Mosaic group and administrators Deloi...
Technical problems
Due to technical problems with our internet connection from Malaysia's TM Net / Streamyx service, we are unable to bring you our usual news servi...
Big trouble at little car maker
Union representatives claim that fruit was thrown at a meeting about job losses and reductions in working hours at BMW's Mini plant.
Walmart cuts 700
Wal-Mart has cut 700 jobs at head office in a surprise move.
Nissan to lose 20,000
Nissan is in shock today as the Japanese company does the previously unthinkable, and announces massive redundancies worldwide.
The Bad News File
Job losses, corporate insolvency, businesses closing. It's all bad news but in a strange way kind of comforting - whatever is happening around you isn't just happening where you are.