EIL, a PSU under the petroleum ministry, has called for granting of 'A+' category to have it maintain salary parity with oil PSUs, as EIL was recently in a disadvantageous position compared to other schedule PSUs, in the recommendations of the 2nd PRC.
DEARBORN, Mich. » Ford Motor Co. says it is on target to reach its goal of cutting 15 percent its salaried employee costs in North America. Friday was the company-set deadline to finish the cuts, which included an unspecified number of involuntary layoffs, normal attrition and leaving unfilled positions vacant, said spokeswoman Marcey Evans. She would not say how many salaried and contractual
JACKSONVILLE BEACH - The city wants to cut 11 full-time positions, mostly through attrition, to meet a proposed budget that's shrinking due to property and sales tax reductions and the rising cost of gas.
TUSCALOOSA †Not only did Alabama's football program reach its mandated target number of 85 used scholarships in time for fall camp, the Crimson Tide actually has room to spare.
Despite posting the third-worst loss in its 100-year history, General Motors Corp. seemed Friday to have Wall Street's confidence that recently announced plans would be sufficient to carry the company through to better times in 2010.
General Motors posted Friday a 15.471 billion dollar net loss for the second quarter of 2008, citing hefty restructuring charges, falling sales and US strikes.
Cigna Corp. trumped Wall Street expectations with a 37 percent jump in second-quarter profit, but the health insurer's stock fell Friday after it lowered 2008 membership growth expectations and some income guidance.
View comments
Hide comments