Believe it or not but some firms have been reducing their costs in strange and
different ways than people would believe. In recent weeks with the economic situation we are in, firms have been cutting jobs, such as BT (British Telecom) cut back 10,000 jobs at the end of November last year. However the popular sports retailer JJB has decided to cut back in another way before cutting jobs, it sold its 2 helicopters! The chairman of retailer JJB Sports has ordered the sale of the Wigan-based chain's two corporate helicopters in an attempt to shave £1m a year off the company's overheads. The firm's Agusta 109 has already been offloaded to a Middle Eastern buyer for £4m and the other is on the market, with a deal expected within weeks.
different ways than people would believe. In recent weeks with the economic situation we are in, firms have been cutting jobs, such as BT (British Telecom) cut back 10,000 jobs at the end of November last year. However the popular sports retailer JJB has decided to cut back in another way before cutting jobs, it sold its 2 helicopters! The chairman of retailer JJB Sports has ordered the sale of the Wigan-based chain's two corporate helicopters in an attempt to shave £1m a year off the company's overheads. The firm's Agusta 109 has already been offloaded to a Middle Eastern buyer for £4m and the other is on the market, with a deal expected within weeks. 
(Left -this helicopter is sky-high - not like JJB's sales!)
(Right - the old CEO Chris Ronnie)
When Sir David Jones started, he began an immediate review of JJB sports when he took over as chairman earlier this month. He is looking to slash its costs and reduce its debts while aiming to restore it to profitability. The retail veteran transformed Next in the early 1990s and made the sale of the chain's helicopter one of his first decisions. "They cost £1m a year to run and as the company is doing whatever it can to survive the recession, he has decided they must go. He has also instigated a reduction in stock levels as an urgent measure to further cut the company's costs as part of his restructuring and recovery plans."
Microsoft
The Wall Street Journal reports the rumored
Microsoft job cuts may come as early as next week. It is uncertain if the job cuts will actually happen, the Wall Street Journal said Microsoft is looking for alternatives to cutting jobs. Those numbers are likely going to be “far less than the 15,000 positions” first thought, sources tell the paper.
The Wall Street Journal reports the rumored
Microsoft job cuts may come as early as next week. It is uncertain if the job cuts will actually happen, the Wall Street Journal said Microsoft is looking for alternatives to cutting jobs. Those numbers are likely going to be “far less than the 15,000 positions” first thought, sources tell the paper.
Microsoft, like Google, rarely has job cuts. Microsoft has over 91,000 employees, and has grown the employee base by 15%, from 2007 to 2008. It would be interesting to see if Microsoft does cut jobs. It would be a bold statement from Microsoft to not cut jobs and snuff Google’s latest job cuts and product slashes.
We should find out soon enough, so keep checking the blog for the latest information - it'll keep you posted!
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