Company in Caribbean
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ANTIGUA AND BARBUDA, 2015/05/12
Regional carrier LIAT is offering employees voluntary separation and early retirement packages as it moves to cut staff numbers.
The offer to full-time, permanent employees who have no disciplinary action pending against them and have been employed for additional than six years, comes less than three months next shareholder governments agreed on a plan to send home 180 workers.
The Antigua-based carrier said downsizing was the only way to ensure its survival.
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SPAIN, 2013/11/10
Spanish operator Telefónica (NYSE: TEF) continued to struggled to achieve revenue and net gain increase in Q3, but has reduced net deficit to below its year-end target of 47.0bn euros (US$63.1bn), the company said in a results release.
Telefónica saw revenues down 9.5% to 14.1bn euros in Q3, although this would have increased by 2.1% on a constant currency basis.
The foreign exchange chief winds appear to be related to ongoing currency effects in Latin American markets.
