We hope you enjoy this new section to cvindex which aims to bring to members and visitors news about the jobs search process, the employment industry and economic conditions for work. We aim to be informative, reasonably contemporaneousand above all very helpful to our jobs seeking members
In keeping with our usual practices, we try to give prority to being light hearted and fun about what is for most quite a tortuous and potentially life altering process. This is not intended as a diminution of the seriousness of engaging in the very vital business of jobs search and career advancement, we simply attempt to make our help to you hopefully, engaging and attractive!
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As has been long expected, Bank of America announces 3000 jobs cuts as the impact of the recent US sub-prime woes takes effect on the banking giant's bottom line profits.
In swallowing several billion Dollars in writedowns, the consequent restructuring of the investment banking dapartments.
European pharmaceutical giant GlaxoSmithKline announced a radical cost cutting drive which is aimed at shaving a massive £1.5 bn off the firm's cost base.
The company suggests that this could likely result in a cull of up to 5000 jobs across its global network of sites, acheived through a combination of production outsourcing for in particular drugs which have gone off patent.
Several prodcution facillities are earmarked for closure, though no specific locations have yet been identified.
The news came hot on the heels of tha company's latest financial statements which reported a 7% fall in third quarter profits, which were strongly impacted by competition.
