FACTBOX: Job cuts rise steeply as global downturn bites

Tue Dec 9, 2008 8:25am EST
 
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(Reuters) - Japan's Sony Corp will slash about 4 percent of its workforce, scale back investments and pull out of businesses as it aims to cut $1.1 billion in costs out of its ailing electronics operations.

Following are some details of major job cuts announced by companies in non-financial sectors since the beginning of September:

REGION - EUROPE:

COMPANY SECTOR NUMBERS DATE

-------------------------------------------------------------

Renault Auto 6,000 Sept 09

Stora Enso Paper 3,150 Sept 10

UPM-Kymmene Paper 1,600 Sept 10

Alitalia Airlines 3,000 Sept 15

Akzo Nobel Manufacturing 3,500 Sept 29

Daimler AG Auto 2,300 Oct 14

ONO Telecoms 1,300 Oct 24

GKN Plc Auto 1,400 Oct 27

Volvo Auto/Equipment 4,340 Sep/Oct/Nov

BASF Chemicals 1,000 Oct 30

GlaxoSmithKline Pharma 1,200 Nov/Dec  Continued...

 

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