A maritime union has urged the Transport Secretary to revoke P&O Ferries’ licences in British waters as the operator resumed services on one of its routes. Nautilus International general secretary Mark Dickinson has written to Transport Secretary Grant Shapps encouraging the government to take urgent action against the ferry operator after it sacked 800 workers…
Telefonica Reaches Agreement to Cut About 2,700 Jobs in Spain
December 28, 2021
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MADRID—Spain’s Telefonica has reached an agreement with labor unions to cut some 15 percent of its domestic workforce via voluntary redundancies in a plan estimated to cost it 1.5 billion euros ($1.7 billion) this year, the telecoms group said on Tuesday. The plan to cut around 2,700 jobs in an increasingly competitive market in early…
French Bank SocGen to Cut 3,700 Jobs, No Forced Redundancies
PARIS—French bank Societe Generale said on Tuesday it will cut 3,700 jobs between 2023 and 2025 as it merges its retail network with that of its unit Credit du Nord, but it added that there would be no forced redundancies. The new retail bank targets a headcount of 25,000 employees and the job cuts will…
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