Posts Tagged ‘reduce’
1000 Boeing Workers Threatened Dismissed
Boeing will lay off 1000 workers from the Department of Integrated Defense Systems (IDS), because according to a memo distributed to the employees, funds allowances have been deducted by the Pentagon.
News of the cuts made by the Boeing workers. before, have also been conducted by NASA and U.S. Airways. This relates to the American position that more difficult due to the recession. According to the Head of IDS, Jim Albaugh, the employee deductions will be made throughout the country and they will be promptly notified immediately in the month. In the memo also explained, the company will provide assurance to employees in order to work in the new airline and obtain international contracts.
Philips net profit, down 94 Percent
Philips, a big electronics companies from the Netherlands, reportedly earned a net profit 45 million euros in the second quarter of 2009 or fall 94 percent over the same period last year. However, the result was higher than analysts predicted earlier that contact Dow Jones Newswires, who predicted net loss after a 125 million euro net profit 732 million euros in the second quarter 2008.
Philips turnover spent 5.23 billion euros in second quarter 2009 are down 19 percent from 6.46 billion euros in the same period last year. This continued weakening market conditions.”We do not see a significant development in the consumer and professional markets in the last three months,” said Chief Executive Gerard Kleisterlee.He added, “During the quarter, we began to see the positive impact of our financial policy is strict.”Philips announced in January that the company wants to stop the 6000 employees around the world to reduce the impact of global crisis.
Japan Airlines Cut Flights in Asia
One of Asia’s largest airlines, Japan Airlines (JAL) will reduce air service in the Asian region due to the global economic crisis. According to the company, the number of flights back and forth in a day between Narita International Airport, the main gateway to Tokyo and Beijing, will be suspended for a week and between 1 to October 24. JAL will also reduce the weekly flights between Narita and Seoul from 28-21 times between July 1 until October 24. It will also be followed by Narita route to Taipei, Shanghai and New Delhi purposes. “Due to the impact of the recession, the demand for flights has been delayed and we plan to adjust capacity profabilitas securing our revenues,” said a spokesman for JAL.
The spokesperson also added that JAL will increase the number of flights back in the next period. International Air Transport Association last week said that the Asia Pacific region will lose U.S. $ 3.3 billion in 2009, or more than a third of the global crisis, and will return next year recuperating.
