layoffs

Chinese automaker BYD, backed by U.S. billionaire Warren Buffett, continues to tumble down a rocky road. On Wednesday, Shanghai Daily reported that BYD is expected to lay off up to 70 percent of its workforce after a decline in sales led to a net profit of only 266.74 million yuan ($41.2 million ...

If some governments proudly say that the way out of our economic problems is by investing in new technologies, here's a story that shows that they might not be right. One important player in the so-called "hydrogen economy," Air Products (previous posts), is dealing with the hard times by laying ...