Daily News Channel
President Nicolas Sarkozy may have triumphed over the millions of protesters and strikers who opposed his effort to raise the retirement age in France by two years. But his law to keep people working longer and paying into the pension system longer won’t succeed unless he persuades French bosses to play along; they have a nasty habit of dumping employees older than 50.
Fashion house Gianni Versace will cut 25 percent of its global workforce by the middle of next year as part of cost-saving measures, a spokeswoman told CNN on Wednesday. Charles Ramsey, a member of the Richmond school board, said the school district bears some responsibility for the attack
Sun Microsystems on Tuesday announced plans to slash 3,000 jobs over the next year, putting the move down to the delay in getting European Commission clearance for its agreed $7bn acquisition by Oracle.
Japan Airlines is to cut 6,800 jobs, slash its network of overseas routes and withdraw from some airports as it seeks to attract the funding it needs to repair its balance sheet. Haruka Nishimatsu, JAL’s president, also said that the company aims to agree on a capital injection from a foreign rival by mid-October