Sappi to rejig business, slash jobs

Paper maker Sappi says it will be cutting jobs and restructuring its operations to rein in costs and focus on higher margin businesses.

HSBC confirms 30 000 jobs will go

HSBC's new chief executive says the positions will go worldwide over the next three years after announcing first-half profits up 3% to $11.5-billion.

Economic crisis could lead to 300 000 job losses

The economic crisis could lead to over 300 000 job losses, economist Mike Schussler said in the 8th United Association of SA Employment Report.

UDM: Government must drive economic liberation

The leader of the United Democratic Movement, Bantu Holomisa, has taken the opportunity of Workers Day to savage the government's economic policies.

DA slams government over company closures

The DA has castigated the government for its failure to act to prevent companies going into liquidation, thereby throwing people out of work.

Motor industry loses thousands of jobs in 2008

The motor manufacturing industry lost 2 566 jobs in 2008, the National Association of Automobile Manufacturers of South Africa said on Wednesday.

Japan megabank to cut 1 000 jobs

Japan's biggest bank Mitsubishi UFJ Financial Group said on Monday that it would cut 1 000 jobs and close 50 branches over three years.

Nokia to cut another 1 700 jobs

Nokia, the world's leading cellphone maker, said on Tuesday it planned to cut another 1 700 jobs worldwide.

Miners allegedly fired over refusing HIV test

More than 100 workers at Xstrata Alloy's smelter in Rustenburg in the North West have been fired.

Zuma: Tourism industry must protect jobs

The tourism industry should do "everything possible" to protect jobs in light of a "looming recession", ANC president Jacob Zuma said on Tuesday.

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