Tata-owned steel giant Corus has decided to axe 400 jobs at its distribution unit due to global economic downturn.
The proposed job cuts will be spread across United Kingdom, comprising 100 in the West Midlands, around 100 in North Wales, 50 in South Wales and 50 in Leeds.
The company stated that its distribution business had been operating in an unstable and irregular market since the start of the year.
Islamabad, Nov 7: Secretary General of the Organisation of the Islamic Conference (OIC), Professor Ekmeleddin Ihsanoglu has reportedly expressed concern over the detention of Kashmiri leaders by Indian authorities, and called for their release.
Talking to reporters in Istanbul, Professor Ihsanoglu condemned the continued use of force against Kashmiri people in Kashmir, the Daily Times reported.
Washington, Nov 7 : The International Energy Agency has predicted a 6-degree Celsius rise in temperatures in the future, which is far more than what climate specialists say the environment can cope with.
European policy-makers have set themselves the goal of keeping temperature rises below 2 degree Celsius relative to what they were before the industrial revolution.
London, Nov 7 : Nine out of 10 people in the UK believe that they are victims of workplace taunts and intimidation, a shocking survey has found.
The result came to be known after an online poll of 10,000 people was conducted - and it revealed that 92 percent reckon that they''re being bullied at work.
Fifty six percent believe that it is a serious problem in their office, shop or factory, the study found.
Tokyo - Japan Airlines Corp saw its operating profit and revenues fall in the July-September quarter on high fuel prices and slowing demand for air travel amid the global economic downturn and lowered its earnings projections for the year.
Operating profit dropped 60 per cent from the same quarter a year ago to 26.31 billion yen (268.47 million dollars), and revenues were also down 6.7 per cent to 583.26 billion yen.
But net profit more than tripled in the second quarter of the fiscal year, thanks to gains from securities sales.