Nissan have to cut 20,000 all over the globe due to a sharp drop in sales (18.6% fall in sales compared with the year before).
The firm are expecting to make a loss of £2bn in the current financial year.The job cuts will be made between March 2009 and March 2010.
What with the freak snow we have had over the past couple of days, many people have been unable to make it to work. A lot of people have been stranded because of gridlock roads and train/bus/plane cancellations, and a lot of us haven't even bothered venturing outside, and have chosen to work from home instead.
But what are your rights if you couldn't make it to work because of weather conditions? Can your employer dock your pay for your no-show? Apparently, very few jobs have a clause in the contract saying that if you can't make it to work, then you lose a day's pay. You have statutory protection against unauthorised pay deductions and could therefore be argued against. It should be unlikely that your boss would dock your pay anyway, seeing as there has been widespread disruption and travel experts recommending you to stay at home.
Honda have had to double the amount of dock space they have at Southampton docks, because of the amount of cars they are struggling to sell. They now rent 20 acres worth of parking apce, so that they can store 7,000 more Civics and CR-Vs.
The backlog is so bad, that the manufacture of them has had to be frozen at their factory in Wiltshire.
Personally, I think they should give them to people who really like Civics but can't afford one...i.e. Me!
A package has been announced which will aim to help the UK car industry during the economic downturn and is predicted to include guarantee loans for car munfacturers.
Hopefully the support will secure thousands of jobs which are reliant on the car industry and also help towards the development of greener technology which has been proposed.
If you're a pub licensee with a few financial problems, this article might be of interest to you.
It's all about how taking out an IVA as the answer to your debt troubles could cause big issues and even result in you losing your premises.
So if you do run a pub and your finances are in a mess, I'd definitely recommend that you check it out. It could just save your livelihood!
If you're into your football, no doubt you've seen that Manchester City have offered a massive £240 million to buy AC Milan's Brazilian superstar Kaka.
Their new billionaire sheik owner is also reported to have offered the striker half a million poounds a week. Half a million pounds a week? That's insane!!
How can anyone be paid that much money just to play football? I don't know what it works out as an hourly rate, but it's got to be a lot!
A lot of people have been moaning about the money involved in football for quite a long time, a lot of it justified in my opinion, but this just takes things to a whole new level.
For many, the prospect of early retirement isn't possible anymore, due to the economic downturn. 23% of people surveyed by Life Trust said that they just can't afford to retire at the time they had planned on previously.
For those of us who are planning to retire early, it's advised that they keep control of their finances and try to become as debt free as possible - now, rather than later.
This advert tickles me. It's quite a good little advert actually, promoting comparethemarket, but instead, introduces the cute meerkat fella and his site...comparethemeerkat.com.
I like simple adverts like this. To me, they are a lot more effective than some other, complicated ones, that have absolutely nothing in common with what they are actually offering.
The meerkat reckons comparethemarket is the place to go for your price comparison needs, and recommends taking a look.
Simples.
As managing your finances is even more important at the moment, it should be a necessity that you understand your APRs, but many people don't, which is a tad worrying.
The APR is the annual percentage rate and is the more common figure to hear about when it comes to loan applications. But then there is also the headline rate which can often put customers into a bit of a confused state.
The APR basically includes the basic interest rates on a loan, credit card etc as well as the basic charges which may be implemented. With headline rates, you need to have a read into the charges as well - often, even though they look like more attractive rates, they aren't.
Just make sure you know your interest rates before you sign on the dotted line. Understand them and you're a step closer to managing your finances successfully.
You can get 50% off your food bill if you eat at Pizza Hut between now and the 1st February.
All you have to do is sign up for the offer on their website and you will get a voucher sent through to your email. Just print it off, and hand it over.
It can't be used on the buffet, other deals, drinks, takeaways or online orders and can only be redeemed by the person who filled it in. Still a good deal though!