[NEW DELHI] Slumping sales of cars and motorcycles are triggering massive job cuts in India's car sector, with many companies forced to shut down factories for days and axe shifts, multiple...

[NEW YORK] Deutsche Bank has set aside over 1 billion euros (S$1.51 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told...

[SAN FRANCISCO] Uber on Monday confirmed it is cutting 400 jobs from its marketing team of more than 1,200 workers to reduce costs and improve efficiency.

[TOKYO] Japanese car giant Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media said on Wednesday, citing company sources.

[SANTA CLARA, California] China's Huawei Technologies said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist...

[WASHINGTON] Ikea said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost effective to make the products in Europe and import them.

[WASHINGTON] Chinese telecoms giant Huawei, which is subject to US sanctions over concerns about its ties to the government in Beijing, is planning to make major job cuts at its US operations, The...

[ZURICH] Robots are on track to wipe out almost a tenth of the world's manufacturing jobs with the brunt borne by lower-income areas in developed nations, Oxford Economics says.

[NEW YORK] Ford plans to cut 7,000 jobs, or 10 per cent of its global salaried workforce, as part of a reorganisation as it revamps its vehicle offerings, the company said Monday.

[PARIS] French banking giant Societe Generale is planning to cut 1,600 jobs, mainly in its BFI corporate and investment banking arm, union sources said on Monday.