Bank of Valletta denies plans to axe 300 jobs

Workers at Malta’s oldest bank have spoken of their ‘huge relief’ after bosses confirmed there are no plans to axe 300 jobs. Bank Of Valletta strongly denied press reports that it intends to slash its workforce before Christmas. The bank said it had ‘no intention of shedding staff’ but hoped to ‘continue to recruit more’. […]

Ford to slash 12,000 jobs across Europe

Car giant Ford has announced it plans to axe 12,000 jobs across Europe by the end of next year. The carmaker is trying to cut costs at its European business, which is losing money. Ford said it has ceased production at three plants in Russia, is closing plants in France and Wales, and has cut […]

Gap to close more than 200 stores worldwide

High street clothing chain Gap is closing more than 200 stores as part of a worldwide restructuring programme. The retailer’s San Francisco-based parent company, Gap Inc, is splitting into two companies, one of which will consist of the eponymous brand and others including Banana Republic. A second company will solely house its Old Navy brand, […]