[WELLINGTON] Air New Zealand announced on Monday it will cut the carrier's long-haul capacity by 85 per cent and impose redundancies as it shrinks to a skeleton operation in response to the...

[LONDON] British Airways will cut jobs after the coronavirus pandemic devastated demand for global air travel, its chief executive Alex Cruz said Friday.

[JERUSALEM] Israeli airline El Al said Sunday it was considering firing 1,000 staff out of its total workforce of around 6,000 due to losses linked to the novel coronavirus outbreak.

[BENGALURU] Wells Fargo & Co is planning to eliminate about 700 workers in Manila, Philippines, and move a portion of these roles to India that already houses nearly 12,000 tech employees, the...

[LONDON] A survey of HSBC Holdings Plc's 237,000 staff has highlighted falling morale as employees brace themselves for job cuts in a strategy review due later this month.

[TORONTO] Canadian Imperial Bank of Commerce became the second Canadian bank in as many months to reveal layoffs as it contends with a tough environment for revenue growth.

[NEW YORK] JPMorgan Chase & Co plans to dismiss several hundred workers from its consumer unit as the lender seeks to rein in costs, according to people briefed on the matter.

[NEW YORK] 3M will cut 1,500 jobs in a global restructuring as the manufacturer continues to grapple with challenges in markets including car parts and electronics.

[ZURICH] UBS Group  started a sweeping round of job cuts at its global wealth management unit in Europe and Asia, targeting dismissals across the board as new co-head Iqbal Khan seeks to make his...

[CHICAGO] Louis Dreyfus Co is cutting jobs as the embattled agricultural commodities trader tightens its belt amid low profits, according to people familiar with the matter.