Spotify will incur about 130 million euros to 145 million euros in charges in the fourth quarter due to the layoffs
One of the largest state-owned entities ends with billions in debt
Cuts will involve around 1,500 compulsory layoffs from workforce of 33,000
Layoffs part of massive restructuring plan to save billions by 2029
Job cuts will focus mainly on high-paid roles
No explanation was publicly given for the cuts, but the reasons are clear
Accumulated losses of the country’s biggest industrial unit surge to Rs177.78 billion
The aerospace and defense company said the extra job cuts would include managers and executives
Protesters said employment of 120 labourers working at mill for past four to 12 years was terminated unlawfully