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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: job cuts

job cuts stories: 56 news summaries

41 - 56 of 56 Stories | << Prev 1 2 3

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GM Will Cut Salaried Jobs, Benefits to Survive Slump

Company aims to cut costs to boost liquidity, cope with lower sales

Jul 15, 08 9:42 AM CDT
(Newser) - General Motors will cut salaried jobs, accelerate factory closings, and eliminate health care coverage for many salaried retirees in order to raise $15 billion to survive the industry's deep downturn, the Wall Street Journal reports. GM will also suspend dividends, sell some assets, lower capital spending, and cut production of... More »

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General Motors • SUV • US economy • auto industry • job cuts • downturn

GM to Announce New Round
of Major Cuts

$4 gas threatens workforce, car and
truck production

Jul 15, 08 2:37 AM CDT
(Newser) - General Motors is expected to announce another big round of cost-cutting measures today, Bloomberg reports. Insiders say the ailing automaker, hit hard as consumers leave gas-guzzlers standing in car lots, is likely to slash thousands of jobs and reduce production of trucks and SUVs for the second time in two... More »

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General Motors • auto industry • job cuts • vehicle • Rick Wagoner • Hummer

 American to Cut 7K Jobs 

Massive layoffs planned in response to rising fuel costs

Jul 3, 08 10:56 AM CDT
(Newser) - American Airlines plans to cut as many as 900 flight attendants from its ranks next month as part of nearly 7,000 expected layoffs this year, reports the Dallas Morning News. The job cuts, intended to counter rising fuel expenses, mirror an intended 8% reduction in the airline's worldwide... More »

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flight • layoffs • flight attendant • American Airlines • gas prices • job cuts • aircraft carrier • weakening economy • fuel costs • pilots

 Honey, I'm Shrinking
 the Tribune Papers 

Zell plans to slice pages to offset $13B debt

Jun 6, 08 4:42 AM CDT
(Newser) - Publisher Sam Zell has announced he'll quickly slash pages and more editorial jobs to offset huge debts and  a larger-than-anticipated decline in advertising revenue at his newspapers, including the Los Angeles Times and Chicago Tribune. An 80-page edition of the Tribune could be sliced to 48 pages, reports the Chicago ... More »

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Sam Zell • Tribune Company • cost cutting • debt • Los Angeles Times • job cuts • newsroom cuts • Chicago Tribune

 Surprise Loss,
 $7B Cash Infusion
 for Wachovia 

Fourth-largest bank was prime player in mortgage mess

Apr 14, 08 8:47 AM CDT
(Newser) - Wachovia reported a surprise first-quarter loss today 2 years after taking over a subprime-dealing savings and loan. The CEO of the fourth-largest US bank was “deeply disappointed” that the bank lost $393 million, or 20 cents a share; analysts had anticipated earnings of 40 cents a share, Bloomberg reports.... More »

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Wachovia • job cuts • quarterly results • subprime crisis • Golden West Financial

Consumer Confidence Hits 26-Year Low

Index drops far below expectations on job, economy fears

Apr 11, 08 11:10 AM CDT
(Newser) - Consumer confidence hasn’t been this low since 1982, according to the Reuters/University of Michigan index, which reported a slide to 63.2 from March’s 69.5. That was lower than even the lowest estimates in a Bloomberg analyst poll. “The consumer’s feeling increasingly hemmed in,”... More »

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economic indicators • consumer confidence • recession • job cuts • consumer confidence index • economy

AMD to Slash 10%
of Jobs in '08

Chip maker was hurt by defective product, slumping sales

Apr 8, 08 12:02 AM CDT
(Newser) - Advanced Micro Devices will shed 10% of its workforce this year and predicts a 15% first-quarter revenue drop, down to $1.5 billion, the Wall Street Journal reports. Slumping desktop sales and the company's line of defective chips and have hurt AMD, which will lay off workers worldwide at "... More »

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Intel • job cuts • AMD • microchip • processor • computer hardware • first quarter earnings

 $4M NASA Cut May Strand 
 Mars Rover  

Shrinking budget could also leave 300 jobless

Mar 24, 08 8:38 PM CDT
(Newser) - NASA confirmed and denied plans today to scuttle a Mars rover and fire 300 employees, CNN reports. The space agency first announced a $4 million cut to the Mars program's $20 million budget and vowed to unplug one of two rovers roaming the red planet. Then a NASA spokesman told... More »

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NASA • space exploration • Mars • Opportunity • Spirit • rover • budget cuts • job cuts

US Sees Worst Decline
in Jobs Since 2003

Payrolls dropped by 63,000;
recession fears intensify

Mar 7, 08 7:58 AM CST
(Newser) - The US lost 63,000 jobs in February, the second straight month payrolls contracted and the worst drop since 2003, catching economists off guard and fanning fears of recession anew, Bloomberg reports. Economists hoped the economy would add 23,000 jobs after declining a modest 17,000 in January, when... More »

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Ben Bernanke • Federal Reserve • construction • recession • unemployment • factory • manufacturing • job market • job cuts • housing crisis • building • job

Profits Slide
as Dell
Streamlines

6.5% drop on consumer slump, 'slow as molasses' turnaround

Feb 29, 08 6:30 AM CST
(Newser) - Dell posted a 6.5% decline in profits for its fiscal fourth quarter yesterday, citing slowed consumer spending and the cost of restructuring, which included slashing thousands of jobs, the Wall Street Journal reports. The Dell results are likely to cause concern about other tech stocks—especially those that rely... More »

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Dell • Michael Dell • restructuring • tech stocks • tech sector • job cuts • computer • quarterly results

Siemens to Slash 4,000 Jobs

Troubled telecom sparks fear of union anger over cuts

Feb 25, 08 6:31 PM CST
(Newser) - Siemens is cutting nearly 4,000 jobs and moving 3,000 workers away from its troubled telecom equipment unit, sparking fears of union outcry in Germany, the Wall Street Journal reports. Once a $30 billion annual revenue giant, the business has been trailing competitors in cheap-labor countries like China and... More »

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China • Germany • labor unions • job cuts • Siemens • job

Music Giant
EMI Slashing
2,000 Jobs

Robbie Williams warns he'll withhold album to protest 'bean counters'

Jan 14, 08 6:14 AM CST
(Newser) - The new owners of record company titan EMI are cleaning house, starting with the elimination of 2,000 jobs—a third of its workforce—in a restructuring that could also include dumping artists, reports the Wall Street Journal. The layoffs come as new owner, Terra Firma Capital, tries to rejuvenate... More »

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music • layoffs • EMI Music • job cuts • Guy Hands • Terra Firma Capital • Coldplay • Robbie Williams

BBC Cuts 1,800 Jobs, Updates
for Digital Age

Funding shortfall, shifting audience
leads to restructuring

Oct 18, 07 5:41 PM CDT
(Newser) - The BBC will cut 1,800 of its 18,000 jobs and integrate its TV, radio and Internet news operations to adapt to the digital age, the public broadcaster announced today. As many as 2,500 positions may be lost, but others will be added, the BBC said, to reflect... More »

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television • layoffs • BBC • broadcasting • job cuts • Internet advertising

Struggling AOL to Take 2,000 Jobs Offline

Subscriber losses prompt Time Warner to trim workforce 20 percent

Oct 15, 07 1:22 PM CDT
(Newser) - Internet icon AOL will pink slip 2,000 workers tomorrow—1,200 from the US—as the once-dominant service provider tries to re-energize its business. In August corporate parent Time-Warner announced that AOL had lost 1.1 million paying subscribers, and reported second-quarter sales of $1.3 billion, a 38%... More »

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Time Warner • AOL • layoffs • job cuts

Big Salary Now, No Job Later

Industry a mixed bag for in-demand computer science grads

Oct 10, 07 12:17 PM CDT
(Newser) - Computer science majors face rosy job prospects after graduation but a dimmer long-term career outlook. In 2007 the average starting salary offer in the field rose to a seven-year peak of $53,051, the Chronicle of Higher Education reports. But young grads should enjoy the money while they can: Layoffs... More »

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job market • job cuts

$4B Crunch Threatens BBC Jobs

Oct 10, 07 4:37 AM CDT
(Newser) - A massive funding shortfall at the British Broadcasting Corporation could trigger unprecedented job cuts, reports the Independent. As many as 2,800 people—about 12% of the BBC's labor force—could lose their jobs. Officials at the BBC, which is financed by a $270 license fee paid by viewers, project... More »

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BBC • Mark Thompson • budget cuts • job cuts • Planet Earth • Panorama • Top Gear • Blue Peter • Helen Ryan • Gerry Morrissey • inquiry

41 - 56 of 56 Stories | << Prev 1 2 3


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