Barratt to cut 1,200 jobs, scrap dividend
UK home builder Barratt Developments said Thursday that it will cut 1,200 jobs and scrap its dividend in a bid to cut costs as it also renegotiates its funding with banks.
The US bank Morgan Stanley plans to cut 1,600 jobs next year in the face of a 45-per-cent decline in share value, the news agency Bloomberg reported 15 Decemb