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Singapore's employment slows "significantly"

Figures from the Singapore Ministry of Manpower (MoM - don't laugh) shows that overall figures for jobs in 2008 were not a lot worse than 2007: but Q4 was a sting in the end of the year.



Hitachi reduces 7000

Hitachi has announced that some 7,000 workers will lose their jobs.



Intel-Microsft to shed thousands

The fortunes of the world's largest software company and the world's largest chipmaker are intertwined in good times and bad. Both have announced large numbers of staff are to go.



45,000 layoffs in Malaysian manufacturing

Malaysian Human Resources Minister Datuk Dr S. Subramaniam has said that he expects as many as 45,000 factory workers to be put onto paid or unpaid leave for at least two weeks as the manufacturing slowdown hits businesses.



UAE to face winds of change

Wafi Mall, not the world's biggest - that's said to be the Dubai Mall - but stuffed with upper-mid brands and attached to the new Dubai Raffles - was deserted two weeks ago, the day the money stopped coming.

Teachers redundant as kids taken out of Korean schools

Evidence of the dramatic slowdown in the South Korean economy as the sacred cow of education is slaughtered to keep family finances afloat - and...



Santander latest to announce large UK bank job losses

Santander, the Spanish banking group that "adopted" Bradford and Bingley's profitable savings division and recently won Alliance and Le...



BoA to cut up to 35,000 - reports

Reports are emerging that Bank of America plans to cut as many as 35,000 from its global workforce.



Sony cuts 8,000

8,000 jobs are to go at Sony electronics.



Hotel chain to cut 4,000 in Q1 2009

New Jersey based The Wyndham Hotel Group will make large-scale cuts in the next few weeks.

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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.