Job Cuts

Estée Lauder Forecasts Bleak Quarterly Profit, To Cut Up To 7,000 Jobs

Estée Lauder forecast third-quarter profit well below estimates, while also expanding its restructuring plan to include up to 7,000 job cuts.

UK's Tesco To Cut 400 Jobs Across Stores And Head Office

UK's Tesco plans to cut about 400 jobs from stores and its head office, seeking efficiency savings so it can invest in the business, it said.

UK's Sainsbury's To Cut Over 3,000 Jobs

British supermarket group Sainsbury's plans to reduce its headcount by over 3,000 roles as it seeks savings to counter a "particularly challenging cos...

Migros Zurich To Restructure Tegut – 120 Jobs At Risk

Migros Zurich plans to restructure its German subsidiary tegut, putting approximately 120 full-time jobs at risk.

Unilever Nearly Halves Expected European Job Cuts

Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated, the head of the company's European Works Council told Reuters.

More Than 2,000 Jobs At Risk As Auchan France Announces New Social Plan

Retail giant Auchan France plans to axe around 2,389 jobs in France as part of its new social-plan project, according to media reports.

Stora Enso Sees Slower Forestry Market Recovery After Q3 Profit Miss

Stora Enso missed market expectations for third-quarter operating profit and said it expected the gradual market recovery seen so far this year to slow dow...

Frozen Foods Supplier Lamb Weston Cuts Annual Profit Forecast On Soft Demand

Lamb Weston cut its annual profit forecast as the frozen foods supplier lowered prices of its products in the international markets to gain market share am...