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Electronics manufacturer Bosch is to cut 380 jobs at its manufacturing plant at Clayton in Melbourne. The company says it'll relocate part of its car electronics business to Asia. The Australian Workers Union says Bosch has not spoken to the union about the cuts. Bosch insists it remains committed to manufacturing in Australia and that there are no other plans to slash any more jobs.

David Jones as former chief executive Mark McInnes has been recruited by billionaire Solomon Lew with a pay package of as much as $5.2 million a year. Mr McInnes resigned from DJs last year after admitting acting in a manner and becoming of a chief executive towards a female employee. He's now been appointed CEO of Premier Investments' retail arm, just group which owns chains like Portmans, Peter Alexander and Just Jeans.

And let's check the market numbers now. It was a positive end to the week with the sixth consecutive gain for the All Ordinaries index. The All Ords closed 46 points higher and the ASX200 gained 43 points, or about one per cent. Elsewhere in the region, Tokyo's Nikkei is up about half a per cent. The Hang Seng is also stronger. The US rose on strong figures showed by the tax sector.