News That Matters

Tag: jobs

3,500 jobs at risk as Honda plots Swindon closure

3,500 jobs at risk as Honda plots Swindon closure

Business
By Mark Kleinman, City editor Honda is preparing to announce the closure of its factory in Swindon, dealing a devastating blow both to its 3,500-strong workforce and ministers' hopes that the UK will remain an elite manufacturing economy after Brexit.Sky News has learnt that the Japanese car manufacturer could disclose the plan as soon as Tuesday morning. A Honda spokesman did not return calls seeking comment on Monday.If confirmed, the move will represent a further savage blow to Britain's automotive sector amid enormous uncertainty surrounding the terms of future trade with the European Union.A source close to Honda said the company was expected to close its plant in Swindon in 2022, although the company will retain its European headquarters in Bracknel...
Tesco warns of 'changes' amid reports of jobs cuts

Tesco warns of 'changes' amid reports of jobs cuts

Business
Tesco is "finalising" job cut plans but has declined to comment further.Earlier, the Mail on Sunday reported that the supermarket could cut 15,000 jobs and close some fresh food counters and bakeries.In an internal company email seen by the BBC, its chief operating office said plans were "still being finalised". He also acknowledged that "any changes" would be hard for the people affected and said more information would follow.More than 10,000 jobs have been cut at Tesco since the current chief executive, Dave Lewis, took over in 2014.The UK's biggest grocer is in the midst of trying to save £1.5bn as the competition between supermarkets intensifies. According to the Mail on Sunday, the grocer triggered a review of jobs after a particularly tough Ch...
Tesla to slash thousands of jobs after 'challenging' year

Tesla to slash thousands of jobs after 'challenging' year

Technology
Tesla plans to cut thousands of jobs after the "most challenging" year in the electric car maker's history. It is the second round of cuts this financial year after the company eliminated 4,100 jobs in June.In a letter to employees, chief executive Elon Musk said the jobs cuts were necessary to improve profitability as it ramps up production of its crucial mass-market Model 3.Tesla has struggled to reach production targets amid quality control issues."Last year was the most challenging in Tesla's history," Mr Musk said."We unfortunately have no choice but to reduce full-time employee headcount by approximately 7%." Image: Mr Musk was handed a $ 20m civil penalty over his attempt to take Tesla private He added: "Telsa w...
5 jobs and health insurance: One couple's struggle to pay off $12K in medical bills

5 jobs and health insurance: One couple's struggle to pay off $12K in medical bills

Health
This is a Kaiser Health News story. Robert and Tiffany Cano of San Tan Valley, Ariz., have a new marriage, a new house and a 10-month-old son, Brody, who is delighted by his ability to blow raspberries. They also have a stack of medical bills that threatens to undermine it all. In the months since their sturdy, brown-eyed boy was born, the Canos have acquired more than $ 12,000 in medical debt — so much that they need a spreadsheet to track what they owe to hospitals and doctors. “I’m on these payment arrangements that are killing us,” said Tiffany Cano, 37, who has spent her lunch hours on the phone negotiating payoff plans that now total $ 700 a month. “My husband is working four jobs. I work full time. We’re a hardworking family doing our best and n...
2,200 jobs at risk as HMV collapses into administration

2,200 jobs at risk as HMV collapses into administration

Business
HMV has called in administrators after being battered by "extremely weak" Christmas trading on the high street and a collapse in demand for CDs and DVDs. It is the second time in six years that the retailer, which employs about 2,200 people, has fallen into administration.A statement from the company - confirming a story first reported by Sky News - pointed to a "tsunami of challenges" facing UK retailers.It said its 125 UK stores would continue to trade as it held talks with major suppliers in the entertainment industry - with record labels keen to avert the disappearance of the last major specialist music retailer on the high street.The company added that buyers were also being sought to take over the business.The appointment of administrators KPMG was confirmed following...