IT services company Capita has confirmed that 59 jobs are under threat at its contact centre in Sheffield following a “review of operations”. News of the proposed job cuts emerged a fortnight after Capita took over the site as part of a £18m a year outsourcing contract with electrical retai…
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HK Haier-CCT Holdings FY Losses HK$856.4M Vs HK$66.3M
Haier-CCT Holdings Ltd. (1169.HK) said Friday its full-year loss widened mainly due to a HK$732.2 million impairment of goodwill charge. The Hong Kong-based telecom equipment maker had a net loss of HK$856.4 million in the 12 months ended Dec. 31, compared with HK$66.3 million in the previous year
Parliament votes for eco design to capture more products
The European Parliament has sparked controversy this week through its backing of a report which would impose further rules on producers of energy-using products as part of the amendment of the eco design Directive.
NZ’s F&P Appliances To Supply US Chain Lowes
Fisher & Paykel Appliances Holdings Ltd. (FPA.NZ), a New Zealand home appliances maker, said Friday it could increase distribution of its products in the U.S. by around 50% after signing a deal with U.S. home improvement chain Lowes.
The Bank of New York Selected as Successor Depositary
The Bank of New York, a global leader in securities servicing, has been selected by AB Electrolux as successor depositary for its American depositary receipt (ADR) program. The company’s ordinary shares are listed on the Stockholm Stock Exchange and the London Stock Exchange. The Electrolux ADRs …
Ozone layer still at risk – Climate Alliance and RAL
The Climate Alliance and the RAL Quality Assurance Association are warning against the large quantities of chlorofluorocarbons (CFCs) still found in end-of-life refrigerator and freezer appliances. If not disposed of properly, CFCs will destroy the life-preserving ozone layer in the Earth’s upper…
Electrolux to cut 300 jobs
Electrolux has announced that up to 300 jobs would go as the company closes some production and reorganises its refrigeration plants in New South Wales and South Australia.
LG Electronics triples Q1 net profit
LG Electronics said its first-quarter net income more than tripled as strong exports offset slow domestic sales. Net income soared to 585 billion won ($506 million) from 189 billion won a year ago, while sales rose 19 percent to a record 6 trillion won, beating analyst forecasts.
Hoover Sucking Strength from Maytag
Appliance maker Maytag Corp. (MYG) on Thursday reported a strong rise in quarterly profit but its shares fell 6 percent on weakness at the Hoover vacuum unit.
Hualing sets sales goal at millions
Mainland whitegoods maker Hualing Holdings hopes to sell one million units each of air-conditioners and refrigerators this year after recording strong sales in the first quarter.