December 17, 2008

U.K. Jobless Claims Rose at Fastest Pace Since 1991

Filed under: Europe,FYI,UK,unemployment — DF @ 3:41 pm
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According to Bloomberg: “U.K. unemployment rose at the fastest pace since 1991 in November and the Bank of England considered cutting interest rates to the lowest ever this month as the recession tightened its grip.

The number of people receiving jobless benefits rose 75,700 to 1.07 million, the highest level since July 2000, the Office for National Statistics said today”

November 20, 2008

Rolls-Royce plans 2,000 job cuts

According to BBC: “Aircraft engine maker Rolls-Royce has said it plans to cut up to 2,000 jobs in 2009 because of the downturn and delays to new Airbus and Boeing planes.
The firm also said it was in talks about a planned cut of 140 jobs at its Assembly and Test facility in Derby. “

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