Posts Tagged ‘cuts’

WRAPUP 1-European airlines eye more cost cuts
* Lufthansa banks on cost cuts to reach 2011 targets

Europe’s workers march against austerity cuts in EU capital – Summary
Brussels – Tens of thousands of European workers peacefully converged on Brussels Wednesday to march against the recent wave of austerity measures that European Union governments have embarked upon in the wake of the euro area’s debt crisis.

Russia gas cuts impact Lithuania
Lithuanian gas supplies from Belarus fall 30%, as Russia further reduces the amount of gas it is supplying to Belarus over a payment dispute.

Russia cuts Belarus supplies again as ‘gas war’ escalates
Russia cut gas supplies to Belarus by nearly two thirds on Wednesday, as a payment feud went into a third day and claimed its first European victim when Lithuania reported a drop in gas flow.

Romanian unions threaten strikes over IMF cuts
Romanian unions on Friday threatened a wave of strikes which could cripple hospitals, schools and public transport in protest against draconian wage and pension cuts.