1,200 jobs cut in a day
Three major Australian companies have announced nearly 1,200 job cuts between them on just one day, as weak earnings force businesses to focus on driving down costs and adapt to changing markets.
Three major Australian companies have announced nearly 1,200 job cuts between them on just one day, as weak earnings force businesses to focus on driving down costs and adapt to changing markets.
The ASX 200 plunged 106 points or 2.6% to close at 3964, well below the psychologically important 4000 mark.