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October 11, 2008 12:37:54 AM CDT

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Stories related to: downsizing

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4 Stories

  • July 2008

    • Starbucks to Close 600 Stores Across US

      Seattle Times  |  Jul 1, 08 9:08 PM CDT

      Starbucks to Close 600 Stores Across US

      (Newser) - Starbucks will close hundreds of stores across the US in its newest attempt to boost deflated profits, the Seattle Times reports. In the next nine months, about 600 stores are getting the ax, most of which opened after October 2005. About 12,000 employees will lose their jobs, but the company hopes to absorb some of them into other stores. The coffee chain also plans to open fewer than 200 new stores in the US during the next fiscal year. More »

      Tags

      economy  • Starbucks  • layoffs  • downsizing

  • June 2008
  • April 2008

    • Kerkorian Bets Big on Ford Turnaround

      Wall Street Journal  |  Apr 28, 08 4:22 PM CDT

      Kerkorian Bets Big on Ford Turnaround

      (Newser) - Investor Kirk Kekorian is gobbling up shares of Ford in move seen as a vote of confidence for the automaker’s turnaround efforts, the Wall Street Journal reports. Kerkorian’s Tracinda has bought about 100 million shares and holds a 4.7% stake in the firm. Tracinda also offered to buy 20 million more for $8.50 apiece, 13% more than their market value Friday. More »

      Tags

      General Motors  • stocks  • Ford  • US automakers  • Kirk Kerkorian  • investor  • downsizing

  • December 2007

    • Bristol-Myers to Slash Jobs, Shut Plants

      Wall Street Journal  |  Dec 5, 07 6:09 PM CST

      Bristol-Myers to Slash Jobs, Shut Plants

      (Newser) - Bristol-Myers Squibb said today it will lay off 10% of its work force—totaling 4,300 jobs—and close or sell half its 27 factories in a plan to save $1.5 billion by 2010, the Wall Street Journal reports. The firm also will sell its medical-imaging division and possibly its wound-care and nutritional-supplements businesses as it focuses on drugmaking, its strongest suit. More »

      Tags

      pharmaceutical companies  • downsizing  • Bristol Myers Squibb

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