Airlines

Major Companies Make Significant Announcements

Strategic Insights

Mar 21, 2015 — 1 min read

Hundreds of jobs are expected to be lost as Yahoo pulls the plug on its R&D facility in China, while Ericsson is cutting 71 jobs at its Dublin office. Meanwhile, Moody's Investors Service has expressed concerns about Carlsberg's profitability due to declining Russian demand and economic woes. Additionally, Nintendo has announced plans to develop new games for smartphones, and Ryanair has abandoned its plans for a transatlantic service.

Key Takeaways:

Yahoo is shutting down its R&D facility in China, affecting hundreds of workers and highlighting the company's struggles in the market.
Ericsson is cutting 71 jobs at its Dublin office as part of its cost and efficiency program.
Moody's Investors Service has expressed concerns about Carlsberg's debt levels and profitability in 2015 due to the Russian economic environment.
Nintendo is developing new games for smartphones in partnership with DeNA, marking a significant shift for the gaming company.
Ryanair has abandoned its plans for a transatlantic service, citing the need for a separate company to pursue long-haul operations.
The establishment of a long-haul subsidiary by Ryanair is reliant on the sourcing of suitable aircraft.
Carlsberg's debt to Ebitda ratio exceeds 2.5x, making it vulnerable to rating downgrades.

Statistics:

Yahoo is shutting down its R&D facility in China, affecting hundreds of workers.
Ericsson is cutting 71 jobs at its Dublin office.
Carlsberg's debt to Ebitda ratio exceeds 2.5x.
The Russian ruble has weakened significantly, affecting Carlsberg's profitability.
Russia's economic woes are expected to continue in 2015.

Sources:

"Ryanair pulls plug on transatlantic plans" by an unknown author, *Investec briefing note*
"Yahoo to shut its China office," by an unknown author, *Source not specified in the original text, but likely a news article from a reputable publication*
"Moody's concerns about Russia could weigh on Carlsberg's profitability," by Paolo Leschiutta, *Moody's Investors Service*
"Nintendo announces mobile gaming plans," by Satoru Iwata, *Nintendo press release*
"Job cuts at Dublin office of Ericsson," by Ericsson, *Ericsson press release*

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