* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
OSLO, May 28 (Reuters) – Oil services firm Subsea 7 announced on Thursday that it will cut its global workforce by a quarter and reduce its fleet of specialized vessels by up to a third to preserve cash following the slump in the oil market.
(Updates easyJet, American Airlines, Ryanair, LATAM, adds Southwest) May 28 (Reuters) – Major airlines across the world have announced layoffs, wage cuts and unpaid leave for staff as cash-strapped firms wait for bailouts amid the coronavirus pandemic which has brought air travel to a virtual halt. The following table shows major airlines which have announced changes to their workforce due to the crisis: AIRLINE RIC CHANGES AIR To reduce workforce by up to 60% CANADA AIR Opening talks with French unions on FRANCE job cuts, no details on size of likely KLM cutbacks but company has identified opportunities for voluntary layoffs AIR NEW Has laid off about 3,500 employees, ZEALAND nearly a third of its workforce AMERICAN Will reduce management and support AIRLINES staff by about 30% Nearly 40,000 employees have already opted for temporary voluntary leave or early retirement BRITISH Plans to cut more than a quarter of AIRWAYS jobs, consulting unions on up to 12,000 redundancies DELTA AIR Has told its 14,500 pilots it expects LINES to have 7,000 more pilots than it needs in the autumn EASYJET Plans to cut up to 30% of staff and shrink fleet Has laid off its 4,000 UK-based cabin crew for two months EL AL Has extended unpaid leave for 6,000 ISRAEL workers until June 30 AIRLINES EMIRATES Plans to cut about 30,000 jobs, around 30% of its employees ETIHAD Laid off hundreds of employees in May, AIRWAYS with more cuts expected FINNAIR Announced costs cuts on May 20 including widespread temporary lay-offs, having said in March it planned to lay-off all of its staff for up to a month LATAM Laid off 1,800 employees out of more AIRLINES than 40,000 in the lead-up to a bankruptcy filing LUFTHANSA Two-thirds of global staff will work reduced hours Austrian Airlines could cut 15% of its 7,000 jobs and reduce salaries by 13%, while Brussels Airlines plans to cut a quarter of its 4,200 staff NORWEGIAN As part of a major restructuring, will AIR only fly seven aircraft for up to 12 months Has temporarily laid off 7,300 employees, or 90% of its staff, with 4,700 jobs at risk after four of its Swedish and Danish subsidiaries filed for bankruptcy QANTAS Has put two-thirds of its workforce – AIRWAYS 20,000 workers – on leave QATAR To lay off close to 20% of its AIRWAYS workforce RYANAIR Looking to lay off 15% of its staff, consulting with unions about cutting up to 3,000 jobs and reducing wages for remaining employees by 20% CEO, however, expresses hope the figure will be significantly below 3,000 due to the progress on pay cuts across Europe Austrian unit Lauda to close down Vienna base, cutting 300 jobs SAS Has temporarily laid off up to 10,000 employees, 90% of its total workforce, could cut up to 5,000 full time positions SOUTHWEST Plans to cut flight capacity by 30%, AIRLINES potentially leaving it overstaffed, Bloomberg reports. UNITED Plans to cut at least 3,400 management AIRLINES and administrative positions in October Has told staff there is only work for about 3,000 of its about 25,000 flight attendants in June, warning of job losses if demand doesn’t recover by the time government payroll aid expires at the end of September TAP AIR Has temporarily laid off around 90% of its more than 10,000 employees VIETNAM Up to 10,000 employees – half the AIRLINES staff – have stopped working while others’ salaries have been cut VIRGIN Plans to cut 3,150 jobs ATLANTIC VIRGIN Has put 8,000 people – 80% of its AUSTRALIA staff – on leave until at least end of May WIZZ AIR Plans to cut 1,000 jobs, almost a fifth of its workforce, and reduce salaries (Reporting by Milla Nissi, Tommy Lund and Sarah Morland in Gdansk Editing by Tomasz Janowski, Kirsten Donovan)
May 28 (Reuters) – Alphabet Inc’s Google is exploring an investment in Vodafone Group Plc’s <VOD.L
(Recasts, adds details, quotes on China-U.S.
(Adds Nissan confirmation, quotes, details) By Joan Faus and Luis Felipe Castilleja BARCELONA, May 28 (Reuters) – Hundreds of workers burning tyres and shouting “war” blockaded Nissan Motor Co’s Barcelona plant on Thursday after the Japanese carmaker announced it would shut it from December as part of a global restructuring plan to slash costs.
May 28 (Reuters) – Dollar Tree Inc reported a surge in quarterly same-store sales on Thursday, joining rival Dollar General, as the discount retailer benefited from consumers stockpiling on groceries and other essentials due to the coronavirus crisis.
* Coronavirus hit village where LNG supply plant being built * Regional governor says outbreak has been contained * Facility is vital for Novatek’s productions plans By Tatiana Voronova and Vladimir Soldatkin MOSCOW, May 28 (Reuters) – Russia’s Arctic region of Murmansk plans to build a new temporary hospital in a village where a vital liquefied natural gas supply plant is being built after an outbreak of the new coronavirus.
* Shuts factories in Spain and Indonesia * Cutting capacity and model range by a fifth * Improving cash flow biggest challenge – CEO * GRAPHIC-Nissan’s fight for survival: https://reut.rs/2USzcFy
May 28 (Reuters) – Dollar General Corp said on Thursday it expects to exceed its annual sales and profit forecasts after the retailer saw a surge in demand from customers stocking up on groceries and household essentials amid the COVID-19 pandemic.