cut

UK plans cut in Huawei’s 5G network involvement: newspaper report

(Reuters) – Prime Minister Boris Johnson is planning to reduce Chinese telecoms equipment maker Huawei Technologies Co Ltd’s involvement in Britain’s 5G network in the wake of the coronavirus crisis, the Daily Telegraph newspaper reported bit.ly/2zmI2DE.

FILE PHOTO: The British flag and a smartphone with a Huawei and 5G network logo are seen on a PC motherboard in this illustration picture taken January 29, 2020. REUTERS/Dado Ruvic/Illustration

Johnson has asked officials to make plans to reduce China’s involvement in British infrastructure to zero by 2023, the newspaper reported late on Friday.

Johnson is expected to use less reliance on China as a means to boost trade talks with U.S. President Donald Trump in the aftermath of Britain’s departure from the European Union, according to the newspaper.

Downing Street declined to comment. Huawei did not immediately respond to a request for comment.

Earlier on Friday, The Times reported that Johnson has

Read More

Japan’s Panasonic to cut 800 jobs in Thailand, move some production to Vietnam next year

FILE PHOTO – A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai

BANGKOK (Reuters) – Japanese appliance-maker Panasonic Corp on Thursday said that next year it will move its Thai-based production of refrigerators and washing machines to Vietnam, laying off some 800 workers.

“Panasonic will reorganize its white goods production sites in Southeast Asia, and transfer the production of washing machines and refrigerators in Thailand to Vietnam,” the company said in an statement emailed to Reuters.

Panasonic will dismiss about 800 workers in Thailand, a company spokeswoman told Reuters, adding that the move is part of its plan to improve cost efficiency.

Panasonic would try to place some of the workers in other jobs based on their qualifications, the spokeswoman said.

Panasonic Appliances (Thailand) and a research and development centre

Read More

SoftBank-backed Ola to cut about 35% workforce amid COVID-19 crisis

FILE PHOTO – A policeman speaks to an Ola employee outside its office in Mumbai, India October 29, 2018. REUTERS/Francis Mascarenhas

BENGALURU (Reuters) – SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it tries to navigate the coronavirus crisis, its chief executive officer said in a note to employees.

Ola joins a list of start-ups, including SoftBank-backed WeWork, restaurant aggregator Zomato and food delivery service Swiggy, that have laid off employees to cut costs as the pandemic wreaks havoc on businesses and forces people to stay indoors.

Earlier this week, rival Uber Technologies Inc said it will cut 23% of its global workforce in an attempt to become profitable amid the crisis.

“The prognosis ahead for our business is very unclear and uncertain. It is going to take a long time for people to go out and about like before,” Bhavish

Read More

Uber to lay off 3,000 workers in second cut this month

FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. REUTERS/Luisa Gonzalez/File Photo

(Reuters) – Uber Technologies Inc (UBER.N) will cut about 3,000 jobs, in addition to the 3,700 it had announced earlier this month, as coronavirus-led restrictions sap demand for ride-hailing services, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday.

The ride-hailing business has suffered a near-total collapse as large parts of the United States and the rest of the world shut to combat the spread of the virus.

Nearly two-thirds of Uber’s revenue is generated in the United States and Canada, where stay-at-home orders were issued in the middle of March. The company said that trip requests had plummeted 80% globally in April, but were slowly recovering.

Khosrowshahi also said the company would wind down its office in Singapore over the next 12 months, and move

Read More