Malaysia Airlines cuts 6,000 jobs

Malaysia Airlines is to slash its staff numbers by a third, cutting 6,000 jobs, after the airline suffered the two worst disasters in modern aviation only five months apart.

Siemens restructuring to affect 11,600 jobs worldwide

German industrial giant Siemens plans a major reorganisation of its business, affecting 11,600 workers. The restructuring directly affects 7,600 jobs worldwide, with another 4,000 potentially affected as part of changes to its regional organisation.

Serco reports sharp drop in profits after crisis-hit year

Troubled outsourcing company Serco reported plunging profits for 2013 and expects a further 20% fall this year following a series of scandals that left its reputation in tatters.

Credit Suisse to cut 65 jobs in fixed income, say sources

LONDON: Credit Suisse will cut 65 jobs across its fixed income business next week as part of its recently announced plans to reduce its presence in rates, according to two sources with knowledge of the plans.

Game appoints administrators but PwC pins hopes on sell-off

The video games specialist Game has officially entered administration, appointing PwC prior to a swift restructuring that is expected to result in heavy job losses and the closure of half the firm's 600 UK stores.