Job losses still going on despite what Government says

Wal-Mart to eliminate 11,500 jobs at Sam’s Club

Sun Jan 24

WASHINGTON (AFP) – Giant US retailer Wal-Mart announced this weekend that it will eliminate about 11,500 jobs at its Sam’s Club megastores in the United States. Full Story »

Ericsson to cut 1,500 more jobs as profit plunges

Wireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter profit as mobile operators slashed spending. Full Story »