Further EMERGENCY meetings at PC World

Yesterday emergency meetings arranged by DSGi, to restructure the management of its PC World stores took place. Regional and store managers faced heavy redundancies, and that the prospect of PC World and Currys being merged into one store looked ever more likely.

Airlines suffer mass slump in passengers and cargo

Airline passenger growth nearly ground to a halt last year as the latest industry figures registered a “shocking” 22.6% drop in air cargo in the last month of 2008.

From pharmaceuticals to photography: fresh round of jobs cuts

The global economy suffered a fresh series of job losses today as companies from pharmaceuticals to photography and the law to London Underground announced cutbacks.

Private workers now pay more into gold-plated pensions for public sector workers than their own

Staff in the private sector are paying more money into public sector workers’ pensions than they do into their own, research reveals today.

Credit crunch hits major shop chains as High Street fears worst Christmas in 30 years

Retailers are facing their worst Christmas for 30 years because of the credit crunch, analysts predicted yesterday.

Bankers’ £2m bash with stars

Lloyds TSB staff whooped it up on a £2MILLION weekend bender starring pop band Duran Duran at the height of their credit collapse.