London’s Christie’s International is cutting more jobs, due to a weak art market and contracting New York art sales. The firm has already cut 10% of it workforce since January, when it had 2,100 employees. It has not said how many people will be cut in this round. Founded in London in 1766, Christie’s is a leading [...]
Continue reading...Friday, April 10, 2009
New Jersey-based high-end yacht builder Viking Yachts has cut 560 jobs from its work force of nearly 1,400 employees. Because when you think of New Jersey, you think of (1) vikings and (2) yachts. The firm says no more layoffs or furloughs are planned. Viking Yachts hopes to bring back many of the workers by the fall. The [...]
Continue reading...Tuesday, January 20, 2009
Burberry Group, based in England, announced an unexpected increase in third quarter sales. But despite these strong numbers they have made it clear that they intend to layoff as much as 15% of their domestic workforce and consolidate some offices and manufacturing. In the quarter ending December 31st, sales for the company jumped approximately [...]
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Sunday, June 21, 2009
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