Biodiesel maker Imperium Renewables slims down workforce
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After delaying its IPO and losing its CEO, the company reduces staff to navigate short-term challenges.
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Allergan Inc., the US drug company that makes the anti-wrinkle treatment Botox as well as contract lens solution at its Irish factory, plans to lay off more than a third of its Irish workforce as it ends its lens solution operations and
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The same week it announced sharply lower revenues for its second quarter, embattled handheld device maker Palm laid off 10 percent of its workforce.
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Plans for a Â£50m power plant run on renewable sources such cooking oil from McDonald's are shelved.
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French carmaker PSA Peugeot -Citroen is cutting 10,000 jobs, or 7 percent of its European workforce, and is imposing a hiring freeze as it tries to cut costs amid a sales slump .
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The company said lower refining margins and gas prices were exacerbated by disruptions at some refineries.
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Solar and wind-power generators will reduce dependence on petroleum, which is increasingly hard (and dangerous) to procure.
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Palm has laid off "a small percentage" of its workforce, largely in its development group.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world&#39;s biggest carmaker said on Thursday.
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The struggling chipmaker will eliminate around 10 percent of its workforce -- most cuts coming in management, marketing and IT -- as part of its biggest restructuring since the mid-1980s.
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Russian oil producer Yukos is cutting back its production and slashing its expenditure, as the company battles for survival.
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JAGUAR will end production at its famous Coventry plant with the loss of 1,150 jobs, it was confirmed yesterday. Bosses blame huge losses at the firm - nearly Â£100million in just three months this year.
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The company's development group has been hit with layoffs.
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Solar and wind industry bemoan removal of renewable energy tax credit which executives said will slow industry down.
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US firmss have cut back on the total number of staff employed for the first time in four years, official data shows.
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General Motors&#39; loss-making European division is to cut 12,000 jobs in a bid to save $665m (Â£347m) annually. The redundancies will affect a fifth of its workforce, with 10,000 positions going at Opel plants in Germany.
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Electrical systems maker American   Power Conversion Corp. APCC.O said on Friday it will cut 4   percent of its global work force, or about 330 jobs, as part of   an ongoing cost-cutting bid.