The Greek parliament has approved the first civil service layoffs in more than a century. The debt-troubled country has to slim down its bloated public sector to receive another tranche of its international bailout.
Germany's second-biggest bank has put forth a plan to slash thousands of jobs as part of the efforts to restructure its operations. The move comes amid uncertainty over the future of its bigger rival, Deutsche Bank.
State assets, including water and electricity utilities, are to be transferred to a new asset fund created by international creditors. The plans have sparked demonstrations and public sector strikes across the country.
Despite being billions of euros in debt, the Greek Attica Bank has been offering generous credit terms for years. Critics are pointing at a conflict of interest involving the government.
The Venezuelan government will fire senior civil servants for signing a petition linked to ousting President Nicolas Maduro, according to Maduro's top aide. Hundreds of people claim they already lost their jobs.
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