Boeing announces almost 2,200 job cuts at historic sites
Boeing announces almost 2,200 job cuts at historic sites

US aviation giant Boeing issued its first round of redundancy notifications on Monday, kicking off a previously announced plan to reduce its global workforce by 10 percent. Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories,...

Nissan shares plummet after deep cuts announcement
Nissan shares plummet after deep cuts announcement

Nissan Motor shares plummeted as much as 10% in Tokyo trade on Friday, following the automakers announcement of a drastic restructuring plan. The company aims to slash 9,000 jobs and reduce its manufacturing capacity by 20% to combat declining sales in China and the United States, reports Reuters....