ThyssenKrupp sells off 48,000 workers&#39; houses
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ThyssenKrupp, the German engineering group buoyed by soaring steel prices, sold off a core element of its philanthropic past yesterday by disposing of its entire stock of company homes for employees for â¬2.1bn (Â£1.45bn).
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FRANKFURT  - Deustche Bank, Germany&#39;s biggest bank, said it finalised the sale of a portfolio of 109 business properties to British investment fund Eurocastle Investment for 300 million euros (405 million dollars).
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce in the region, after $3 billion in losses in the past four years.
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The Swiss agrochemicals group Syngenta has said that it planned to cut 480 jobs, with 360 of the losses in Britain.
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LONDON, October 19 /PRNewswire/ -- Workers at the Vauxhall plant in Ellesmere Port, Merseyside are facing lay off tomorrow following strike action taken at the Bochum plant in Germany over the job losses announced there last week.
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German heavy industry giant Thyssenkrupp said it has sold residential property worth 2.1 billion euros (2.8 billion dollars) to a consortium comprising the real estate funds of Morgan Stanley and German group ...
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During much of Germany&#39;s postwar economic boom, as prosperity mounted and car sales multiplied, workers at the Opel automobile factory here
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Almost 40 jobs are under threat with the closure of the Homebase DIY store at Sprucefield near Lisburn.
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Banking and insurance conglomerate ING GroupÂ has finalized contracts worth â¬750 million ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe.
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German drugs firm Bayer announces 6,100 job cuts worldwide as part of a major cost-cutting drive.
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The company said it would cut 3,000 jobs, or 4.6 percent of its global work force, to ensure future profit growth as generic competition hurts sales.
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Dutch chemical group Akzo Nobel  said it will be able to sell some of its British and Irish paint businesses as part of its divestment plan with European regulators who approved its 8 billion pound ($16.3 billion) acquisition of Britain's ICI
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Carmarker Vauxhall is to cut 434 jobs across two UK plants, the Transport and General Workers&#39; Union has said. The union said 340 jobs are to go at the company&#39;s Ellesmere Port facility, and a further 94 at its site in Luton.
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The company said online business has affected operations Insurance company Norwich Union has announced plans to shed about 450 jobs in Scotland as part of a 4,000 reduction in the UK.
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Hypo Real Estate sold 490 million euros in overdue loans to Dallas-based Lone Star in December, back then the biggest sale of defaulted loans in the country.
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A demand for workers outpaced big losses from the unwinding of the housing boom and a slowing economy.
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Germany is selling a 4.45 billion-euro ($5.5 billion) stake in Deutsche Telekom AG, making it the fourth European government to sell state assets in the past six weeks to help reduce a deficit that exceeds European Union limits.