FACTBOX - Recent job cuts of big names in Britain

Thu Nov 20, 2008 11:36am GMT
 
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LONDON (Reuters) - Companies across sectors continue to reduce staff as they respond to the global economic downturn and announce delays to projects.

Here is a list of some of the biggest names announcing major job cuts since 31 Sept, 2008: (arranged alphabetically)

* British Telecom

-- The telecoms firm announced on Nov 13 it would cut around 10,000 jobs and a plan to trim the cost of its pension scheme after issuing a profit warning.

* GKN Holdings

-- The aerospace and defence manufacturer said on Oct 20 it would reduce its staff by 1,400, close plants and introduce short-term workforce as turbulence in the automotive sector deepens.

* GlaxoSmithKline

-- The world's second biggest drugmaker said on Nov 11 it planned to close its UK manufacturing site in Dartford by 2013, resulting in the loss of 620 jobs.

* ITV  Continued...

 
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