Tag: International Financial Crisis
Mine shifts go to make way for redundant workers
The mining company planning to close a central Queensland coal mine says it is being forced to stand down shifts at another site because it needs to transfer workers.[MORE]
Alcoa job cuts 'won't affect Aust work force'
Aluminium producer Alcoa says its Australian operations will not be affected by the company's global plans to cut more than 13,000 jobs.[MORE]
Premier says Vic Alcoa jobs are safe
Alcoa workers at Geelong and Portland are being assured their jobs are secure.[MORE]
Santos/Apache gas project resurrected
An $800 million gas project in Western Australia will now go ahead, one month after it was mothballed.[MORE]
Alcoa to cut 13,500 jobs worldwide
US-based aluminium giant Alcoa says it will slash some 13,500 jobs, or 13 per cent or its global workforce, and reduce output to cope with the global economic downturn.[MORE]
Sanyo to cut 1,000 jobs
Japanese electronics giant Sanyo has announced plans to slash 1,000 jobs.[MORE]
75pc 'easily' making mortgage repayments: survey
A survey has found Australian households are coping well with the effects of the global economic downturn.[MORE]
Sacked Qld miners sweat on arbitration hearing outcome
An arbitration hearing on mining job cuts in central Qld continues in Brisbane today.[MORE]
N Korean ministers sacked in cabinet purge
North Korea's communist leadership has sacked at least nine cabinet ministers in a purge designed to revive its crumbling economy.[MORE]
German billionaire commits suicide after $750m loss
German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global economic slowdown. [MORE]
Eurozone inflation hits low as service sector slumps
Inflation in the euro countries slumped in December to 1.6 per cent, the lowest in over two years, from 2.1 per cent in November, according to an estimate from the EU's Eurostat data agency.[MORE]
Toyota to halt output as sales slump
Toyota is to halt production at all its Japanese plants for 11 days in a bid to reduce stocks of unsold cars as demand has slumped.[MORE]
Mining heavyweights restart talks over Qld job losses
Mining company Xstrata and the mining union are back in the Industrial Relations Commission (IRC) in Brisbane over the axing of jobs at a central Queensland mine.[MORE]
Obama demands bold stimulus package action
US President-elect Barack Obama is demanding bold action from Congress on his expensive stimulus plan, warning there will be more damage to the US economy if it fails to act swiftly.[MORE]
Domestic car sales topped 1m in 2008
Car sales fell more than 11 per cent in December but Australians still purchased more than 1 million new vehicles in 2008.[MORE]
Mazda board to take 20pc pay cut
Figures released by Japan's Automobile Dealers Association show car sales slumped by more than 6 per cent last year, falling to their lowest level since the aftermath of the first oil shock in the early 1970s. [MORE]
UK Tories want brake on spending
Britain's Conservative Opposition has announced a strategy for combating the economic crisis, which is completely at odds with the Labour Government's approach. [MORE]
IR talks to resume on mining job cuts
Talks will resume in Brisbane between the mining union and Xstrata on job losses.[MORE]
Waterford Wedgewood calls in receivers
After more than 250 years of trading, the china and crystal maker Waterford Wedgwood says it has called in receivers after failing to buy more time from creditors. [MORE]
Conveyancers blame financial crisis for property slowdown
Conveyancers say the slowdown of South Australia's property market by almost one-third is a direct result of the global financial downturn.[MORE]
Migrants left out in cold as UK economy weakens
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As the UK economy dives deeper into recession, going down with it are the jobs of migrant workers from Eastern Europe.[MORE]
Chrysler receives $5.6b government loan
US car maker Chrysler says it has received its first $5.6 billion ($US4 billion) emergency loan from the United States Government.[MORE]
Private schools keep fee hikes 'to minimum'
The Independent Schools Association says private schools are limiting their fee hikes because of tough economic times.[MORE]
Credit crunch hits UK housing market
House prices in Britain suffered their biggest drop for a calendar year in 2008.[MORE]
Markets tipped to bounce back in 2009
Analysts are tipping a better year for the sharemarket after a horror time for investors in 2008.[MORE]
