Lego to cut 380 jobs in Denmark, moves abroad
Lego, the Danish maker of colorful toy bricks, said Tuesday it would cut 380 jobs at its main plant in Denmark by 2015 as it moves its packaging activities abroad to slash costs.
Consumer electronics giant Royal Philips Electronics today said it is planning to cut 4,500 jobs globally as part of a cost saving programme and did not rule out the possibility of this exercise affecting employees in India.