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BEIJING (Reuters) - High-end electric vehicle maker Tesla Motors Inc on Monday said it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target in the world's biggest car market. Tesla declined to specify how many jobs would be cut, and did not comment on a report in the Economic Observer newspaper last week that it was eliminating 30 percent of its staff or about 180 of its 600 employees in China.
Some positions are being eliminated while others are added, but overall headcount has gone down in a restructuring drive that was announced earlier this year, Tesla spokesman Gary Tao said. China sales have underperformed aggressive targets set by the company, and Chief Executive Elon Musk is prepared to fire overseas executives if they fail to turn around operations in the country, Reuters reported last month, citing sources with knowledge of the matter. Petronas said on Monday it would reduce its spending in the 2016 which will impact the company’s current projects, including its second floating liquified natural gas unit, FLNG 2.
Malaysian oil and gas state-run company Petronas has appointed two new members to its Board.
Do you attach great importance to quality and do you have an affinity with offshore projects?
Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people. Alam Maritim Resources Berhad (ALAM) has recently entered into a Subcontract Form of Agreement with Petronas.
Maritime Union of Australia members sit on the road outside the Tomago smelter near Newcastle in protest against job losses on ships carrying alumina between Gladstone and Newcastle.
A small cropping and cattle district in central Qld is watching for rain before it is too late to plant winter crops.
The call has gone out for more farmers, as Qld's Mary Valley rebuilds after the failed Traveston Dam proposal. Western Australia's abalone fishery will be the first in Australia to be given international certification. Dr Antonino Do Karmo of East Timor's Ministry of Agriculture confirms prosecutors are investigating the businessman who failed to Australian import cattle, using Government grant.
This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. During a Power to the People rally outside Parliament on Wednesday, DA leaders demanded President Jacob Zuma address issues of real concern to South Africans during his State of the Nation Address (SONA) on Thursday night. Speaking to hundreds of gathered supporters, Premier Helen Zille said when Nelson Mandela was released from prison 25 years ago, South Africans believed the race against apartheid had been won. The electricity crisis was addressed by MP Mmusi Maimane, who said Eskom’s mismanagement was taking the country to the brink of economic shutdown. He added that energy powerhouse Eskom should no longer be responsible for 95 percent of the electricity generation. A platform for independent power producers to supply electricity to the grid in significant numbers and an expansion to the country’s renewable energy programme were some of the ways Maimane said the energy crisis should be approached.
He said the DA also rejected President Zuma’s R1 trillion Russian nuclear deal, clouded as it is by secrecy and potential for corruption, and called on him to announce that he would abandon it. There is no plan to budget for this mega arms deal expenditure, which means that future generations of South Africans will pay for this deal in electricity price hikes if it is not stopped now. Maimane said that at a time when Eskom’s mismanagement was taking the country to the brink of economic shutdown, the actions of the ANC and the EFF were an insult to ordinary South Africans. PETRONAS will further embark on a separation exercise for these employees as needed, which is expected to be completed over the next six months,” the company added. Electricity is the fuel that powers our economy and we need to be able to guarantee a stable supply as a matter of urgency. The jobs will go at the mine and a near-by processing facility.Although still a high grade gold mine, the operation's small scale meant the grams of gold received per tonne of ore mined left the project unviable. ABM management said if the company can develop economies of scale by commercialising another nearby deposit, the mine could return to production.Locals fear relocation after being dropped from Palmer's Queensland Nickel2 February 2016Two-hundred-and-thirty-seven workers were laid off after it was revealed late last year that Clive Palmer's Queensland Nickel was in major trouble.
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