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General Motors announced that this year it would cut 10,000 salaried employees worldwide, account cheap jordans online ing for about 14% of the total number of salaried employees. Among them, the GM will be 29,500 salaried employees in the United States have been dismissed 3400. In addition to layoffs, pay cuts GM also announced that the majority of salaried employees. Wherein the management staff salaries in the United States will be reduced by 10%, other salaried staff salaries ranging fell 3% to 7%. American sporting goods giant Nike has announced a reorganization of the structure i cheap jordan shoes for men n order to cope with the global economic downturn, decided to lay off 1,400 people worldwide, accounting for about 4 percent of its workforce. Nike's chief operating officer Mark? Parker said, although layoffs are a difficult decision, but the move will help the company's long-term profitability. He also said that in the current economic environment, strengthen product updates and brand management is particularly critical. The world's largest retailer Wal-Mart has anno Retro jordans for sale unced in its Wal-Mart and Sam's Club headquarters headquarters layoffs 700-800 people, in order to adjust the structure and cut costs. According to Wal-Mart, a company statement, this cuts will mainly focus on the sales planning department headquarters of Wal-Mart's US sales planning, property and marketing departments, and Sam's Club stores. sales due to the economic recession, Target and Macy's department store and other US retailers have announced layoffs in recent weeks. Although Wal-Mart's case much better than its competitors, but also pledged to pay close attention to costs. Its chief operating officer, said McDonnell grams, Wal-Mart will try to reduce the company's costs for each business unit's business operations in order to ensure good health In Europe, Royal Bank of Scotland announced the layoff of 2,300 people, or about 2 percent of its workforce, in order to be able to recover losses from the acquisition of the Dutch bank and part of the business due to the credit crisis. The bank is expected due to the economic crisis and the 2007 acquisition of the Dutch bank caused by the high cost, the Royal Bank of Scotland in 2008 losses will reach 28 billion pounds (1 pound about $ 1.45), becoming the biggest annual loss in British corporate history. about layoffs, the bank's UK chief operating officer Alan? Dickinson said that whenever such messages are unwelcome, but in the current economic environment, the bank must constantly adjust in order to be able to do business possible to improve operational efficiency. On the same day, Switzerland's largest bank UBS earnings report said that last year losses of up to 19.7 billion Swiss francs (1 US dollar equals 1.16 Swiss francs), a record high annual losses of Swiss companies. The group also announced that it would lay off more than 2,000 people this year in its huge writedowns caused by the investment banking department.