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Cut in salary budgets seen at companies
Some 57% are also freezing their headcount now.
Longer service, far better rewards
Airline aims to build loyalty and help those starting second career.
Air NZ cuts 200 jobs
Carrier aims to save NZ$20 million (S$16 million) annually through job cuts. -AFP
Lead by example
Guidelines say 'the principle and spirit of leadership by example ... should prevail'.
NOL to cut 1000 jobs
Job cuts mostly in US, warns that outlook is grim. -Reuters
Guidelines on managing excess manpower
A detailed description of the guidelines drafted by MOM and its tripartite partners.
Retrench only as 'last resort'
Govt, employers and unions urge companies to use other measures to manage excess workers.
BlackRock to cut jobs
Cuts will be communicated to the affected employees this week. -Reuters
Cut top execs' bonuses
Outrage may force banks to eliminate year-end bonuses. -Reuters
Nomura to axe ex-Lehman staff
It says it could not find suitable positions for them. -Reuters
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