Fuel bill sees Continental cuts

GM set to cut thousands of jobs
US carmaker General Motors is expected to announce thousands of redundancies as it struggles to cut costs amid falling sales.

Northwest cuts jobs and ups fees
Northwest Airlines cuts 2,500 jobs and increases passengers' fees to offset the rising cost of jet fuel.

Siemens plans to cut 16,750 jobs
Germany's Siemens plans to cut 16,750 jobs, or about 4% of its workforce, as the global economy slows.

US loses 62,000 jobs during June
US firms cut jobs for a sixth month in June, stoking fears the world's largest economy is heading for a recession.

United Airlines sheds 950 pilots
United Airlines says 950 of its pilots will lose their jobs as spiralling fuel costs hit earnings.