UBS says lost $1.75 bn in first quarter, to cut 8,700 jobs
15 Apr 2009, 1053 hrs AGENCIES
ZURICH: Switzerland's biggest bank UBS on Wednesday said it lost about two billion francs (1.32 billion euros, 1.75 billion dollars) in the first three months of 2009, and will seek to cut costs by slashing 8,700 jobs by 2010.
PARIS: Air France-KLM, Europe's biggest airline, aims to cut between 2,500 and 3,000 jobs in the next two financial years, a spokeswoman for the carrier said on Wednesday.
The Franco-Dutch company, which posted a 9.4 per cent slump in passenger traffic in March, will not renew short-term contracts or replace retiring employees, avoiding compulsory layoffs, she said, confirming an article in newspaper La Tribune.
15 Apr 2009, 1053 hrs AGENCIES
ZURICH: Switzerland's biggest bank UBS on Wednesday said it lost about two billion francs (1.32 billion euros, 1.75 billion dollars) in the first three months of 2009, and will seek to cut costs by slashing 8,700 jobs by 2010.
PARIS: Air France-KLM, Europe's biggest airline, aims to cut between 2,500 and 3,000 jobs in the next two financial years, a spokeswoman for the carrier said on Wednesday.
The Franco-Dutch company, which posted a 9.4 per cent slump in passenger traffic in March, will not renew short-term contracts or replace retiring employees, avoiding compulsory layoffs, she said, confirming an article in newspaper La Tribune.
