99bill CEO Guan Guoguang denied the layoff rumor
For the rumor that “99bill is laying off employees”, the 99bill CEO Guan Guoguang yesterday denied this. He said that because there is quite low of electronic payment in China GDP, the 99bill has been little influenced by the financial crisis, so their economy still maintains a rapid growth.
IBM Japan Company will lay off 1,000 people within this year
Before the end of this year, IBM Japan will formally lay off 1,000 employees, which is equivalent to the 6% of its official employees of the total number. The company wants to improve the declining performance of the company through the layoff plan and small and medium business reinforcement.
World Largest Steel Company Arcelor Mittal announced to lay off employees
Following the announcement of output reduction in the fourth quarter, the world largest iron and steel companies Arcelor Mittal announced on Nov.27 that the company would cut down at least 9,000 positions to achieve one billion dollars annual savings, while the layoff number is equivalent to 3% of the total number of company employees. In this layoff plan, there are over 6000 employees being laid off in Europe.
Reuters: Foxconn plans to lay off 1500 employees in Hungary
Because of the decline in orders, Taiwan Hungary plans to lay off 1,500 employees, which is over half of the total number of the company. After the layoffs, Foxconn’s employees in Hungary are only about 1150 .
Toyota lays off 3,000 people because of financial crisis
The Japanese largest automaker Toyota (ToyotaMotor) on November 29 announced that due to the sharp decline of demand, the company would lay off 3,000 people. This is another large-scale layoff in Japanese automotive industry after the layoffs of MazdaMotor and IsuzuMo-tor on Thursday this week.
BASF lays off the employees and reduces the production
The world largest chemical companies BASF will lay off the employees and cut the production in response to the sharp decline in demand. The factories that BASF want to close or reduce production are mainly in Germany, Belgium, the United States and some of the Asian places, while automotive supply, construction and textile products department all will encounter layoffs. Among which, German headquarters will be laid off 5,000 people, it is estimated that totally 20,000 workers will be laid off.
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