EMI faces 2,000 job cuts
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Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of its biggest acts.
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Britain's public broadcaster, the BBC, announced one of the biggest shake-ups in its 82-year history Tuesday, with plans to axe at least 2,900 jobs, or 10 percent of its workforce, and trim &#36;624 million in costs.
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The British Broadcasting Corporation will slash about 2,900 jobs, more than 10 per cent of its staff, in one of the biggest shake-ups in its 82 year history.
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The British Broadcasting Corporation on Tuesday said it would cut about 2,900 jobs, more than 10 per cent of its workforce, as a part of &quot;transformation&quot; of the world&#39;s biggest public broadcaster, aimed at saving 320 million pounds a year.
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EMI, the world's third-biggest music company, whose artists include The Beatles, said Tuesday that it would slash between 1,500-2,000 jobs worldwide following its recent takeover by a British private equity firm.
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Warner Music Group  said on Monday it was still considering making an offer for Britain's EMI  which has agreed to a 2.4 billion pounds ($4.7 billion) cash takeover from private equity group Terra Firma.
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Royal &amp; SunAlliance announced up to 1,200 job losses today with the transfer of customer service and back office roles to India over the next two years.
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Shares in UK music group EMI plunge 12% after it gives its second profit warning in just over a month.
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The BBC said it would eliminate 2,900 jobs, or more than 10 percent of its workforce, as part of a cost-saving "transformation" of the world's biggest and best-known public broadcaster.
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Thomas Cook Group, the second-biggest European travel group, on Tuesday unveiled plans to cut up to 2,800 jobs in Britain following its recent takeover of rival MyTravel.
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Airport operator BAA is set to cut jobs with one report saying as many as 2,000 staff will be made redundant.
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Engine manufacturer Rolls-Royce Group plc is to cut up to 2,300 jobs in Britain, Europe and the United States in a bid to trim costs, the company said Friday.
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British music company EMI Group Plc  said on Thursday it had ceased discussions over an offer being made for the company as it did not fully reflect the prospects and value of the group.
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Electronic Data Systems Corp.  EDS.N, one of the world's biggest computer services  companies, is likely to cut up to 20,000 jobs over the next two  years, the company's chief executive said on Thursday.
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or just over a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.
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EMI, the struggling British music company, said Friday that it had rejected an informal takeover bid by US rival Warner Music Group, claiming the cash offer worth 2.08 billion pounds (3.07 billion euros, 4.05 billion dollars) was &quot;inadequate.&quot;
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By Martin Flanagan City Editor  BRITAIN's biggest electrical retailer yesterday unveiled a GBP 50 million support service for customers with computer problems, which will create 2,000 jobs.