NEARLY 13,000 jobs were lost yesterday as two global business giants wielded the axe. Wal-Mart, the world's biggest store group, said it was cutting 11,200 jobs at its Sam's Club replica balenciaga handbags warehouse chain.
It comes just a month after the group, which owns Asda, shut 10 underperforming branches, with 1,500 job losses. Meanwhile, mobile phone heavyweight Ericsson announced an extra 1,500 job losses after its tag heuer replica quarterly profits plunged 92% to pounds 27million.
rolex replicaThe Swedish manufacturer had already shed 5,000 employees in the past 12 months.
Ericsson's bosses blamed the latest cutbacks on falling sales due to fierce competition from China.
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