Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation.

 VietNamNet Bridge – Tran Anh Tuan, Vice Minister of Home Affairs, tells Tin Tuc (News) Newspaper that underperforming civil servants and public employees may be in the firing line for job cuts.

 Greek parliament approved early on Thursday a new austerity and reform bill which contains mass job cuts in the public sector in a key step to unlock further international bailout aid to the debt-laden country.

 Royal Bank of Scotland (RBS) on Thursday announced that it will cut 1,400 jobs over the next two years as part of plans to restructure its retail head office operations in Britain.