Coronavirus: 1,700 Airbus jobs threatened in UK

Media playback is unsupported on your device Media captionAirbus: "Most people who live in the area, work here"Plans to cut 1,700 UK Airbus jobs have been described as "utterly devastating" by a Welsh minister. Economy, Transport and North Wales Minister Ken Skates called on the UK government to take "decisive action" to support the flight sector.Mr Skates said a "significant share" of the job...

French ex-PM Fillon and wife guilty in ‘fake jobs’ scandal

Image copyright Reuters Image caption The couple wore anti-virus masks in court on Monday Ex-French Prime Minister François Fillon and his Welsh wife Penelope have been found guilty over a "fake jobs" scandal.He was accused of paying his wife hundreds of thousands of euros for work she allegedly never did when employed as his assistant.The scandal torpedoed Fillon's 2017 bid to become...

Italian bank UniCredit to cut 8000 jobs

Italy’s biggest bank, UniCredit, has announced its plans to cut 8.000 jobs and obtain regulatory approval for a €2 billion share buyback programme under its 2020-23 strategic plan. The bank’s chief executive officer, Jean Pierre Mustier, said the job cuts would be done in a “socially responsible way”. He is seeking to drive investor returns through cost cuts and greater efficiency. The...