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Delta to trim capacity in light of weakening travel demand
Delta to trim capacity in light of weakening travel demand
by  AFP

Delta Air Lines withdrew its full-year profit forecast Wednesday and shelved some planned capacity hikes, pointing to a weakening demand outlook amid recession worries and worsening trade wars. In March, Delta had trimmed its first quarter forecast on the weakening outlook.

Tata Steel to cut jobs at Dutch plant by 15 pct
Tata Steel to cut jobs at Dutch plant by 15 pct
by  AFP

Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders. Tata Steel in November 2023 announced it was scrapping 800 jobs but in reality few jobs were slashed after the announcement.

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