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W. Africa Crude-Pace of Nigerian sales picking up

W. Africa Crude-Pace of Nigerian sales picking up LONDON, June 14 (Reuters) - Sales of medium Nigerian grades are picking up for July, a trader said on Friday, with the African country having sold off most of its June hangover. * Light sweet crudes, such as those on offer from West African countries, are losing out to competition from similar U.S. crude streams in Europe, traders have said.
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Onsemi Intends To Reduce Its Current Global Workforce By About 1,000 Employees

BRIEF-Onsemi Intends To Reduce Its Current Global Workforce By About 1,000 Employees June 13 (Reuters) - ON Semiconductor Corp ON.O : ONSEMI -INITIATED SEVERAL ACTIONS IN FURTHERANCE OF ITS PREVIOUSLY-ANNOUNCED “FAB RIGHT” STRATEGY ONSEMI - INTENDS TO CONSOLIDATE NINE SITES AND REDUCE ITS CURRENT GLOBAL WORKFORCE BY APPROXIMATELY 1,000 EMPLOYEE
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Onsemi to cut 1,000 jobs globally

UPDATE 2-Onsemi to cut 1,000 jobs globally Adds background in paragraphs 5,8,9 June 13 (Reuters) - Onsemi ON.O said on Thursday it would cut its global workforce by about 1,000 employees, as the chipmaker looks to streamline its operations and reduce costs. The company has been struggling with a sluggish recovery in demand for chips in the face of a weak electric vehicles market and excess inventory at its customers.
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On Semiconductor to cut 1,000 jobs globally

On Semiconductor to cut 1,000 jobs globally June 13 (Reuters) - On Semiconductor ON.O said on Thursday it would cut its global workforce by about 1,000 employees. The company expects to incur between $65 million and $80 million in employment-related charges in 2024 and 2025, in relation to the move. Reporting by Juveria Tabassum; Editing by Shilpi
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W. Africa Crude-Most Nigerian June-loading cargoes sold

W. Africa Crude-Most Nigerian June-loading cargoes sold LONDON, June 13 (Reuters) - Nigeria has made more headway in lightening its overhang of cargoes for June-loading ahead of the summer driving season in Europe. * Nigeria has been left with a backlog of June cargoes, which have faced competition from sellers of similar light sweet grades. * Between one and three June-loading cargoes are left, a trader said on Thursday.
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