Job cuts News

Second, five-day strike causes Iberia to cancel flights (video)

Madrid - Spanish airline Iberia has canceled 1,370 flights due to a second strike by flight and ground staff, including pilots this time, protesting against job cuts. (Video update).

In the Media by Anne Sewell - 4 comments

Dendreon closes New Jersey plant and cuts 600 jobs

Cancer vaccine specialist Dendreon has announced that it will cut 600 jobs and close one of its three manufacturing facilities located in New Jersey.

In the Media by Tim Sandle - 1 comment

Rogers Communications to cut 375 jobs in cost-cutting strategy

Toronto - On top of the 300 job cuts announced in March, Rogers Communications Inc. will cut 375 more positions, the company said Tuesday. This comes as the company faces lower profits, enhanced competition and higher systems costs.

In the Media by Andrew Moran

Air France to axe 5,100 jobs by 2013 as part of restructuring

Paris - Air France, one of the world's largest airlines, announced Thursday that it plans to lay off more than 5,000 employees, approximately 10 percent of its workforce, by the end of next year to return to profitability.

In the Media by Andrew Moran - 1 comment

Nokia cuts 10,000 jobs, closes factories in cost-saving measures

Helsinki - As part of its restructuring efforts and cost-saving measures, Nokia Corp., the Finland-based cellphone company, said it will cut thousands of jobs and close many of its factories and research facilities.

In the Media by Andrew Moran - 1 comment

General Mills to cut 850 jobs globally, undergo restructure plan

Minneapolis - General Mills, a Minneapolis-based food maker of Cheerios, Hamburger Helper and Yoplait, announced Tuesday of its cost-saving restructuring process, which includes the elimination of 850 jobs globally.

In the Media by Andrew Moran

Merck KGaA announces large job cuts

The drugs and life science company Merck has announced a program of cost savings and job losses in order to boost sales. Unions have reacted angrily to the move and will oppose the planned cuts.

In the Media by Tim Sandle - 1 comment

Best Buy to close 50 big box stores, cut 400 corporate jobs

Minneapolis - Electronics retailer Best Buy has announced that it will close 50 big box retailers, cut 400 jobs in the corporate and support area and open 100 mobile locations by fiscal year 2013. The company plans to save $800 million by 2015.

In the Media by Andrew Moran - 2 comments

Pepsi plans to cut 8,700 jobs, estimates savings of $1.8 billion

New York - PepsiCo Inc. officially announced that it plans to cut 8,700 jobs, or approximately three percent of its workforce. It will also increase marketing spending by about $600 million. This restructuring is estimated to save the company $1.5 billion by 2014.

In the Media by Andrew Moran - 9 comments

AstraZeneca to cut 7,300 jobs worldwide

London - The international pharmaceutical company AstraZeneca PLC has announced that it will cut 7,300 jobs based on its prediction of a tough year head and in the context of the global economic outlook.

In the Media by Tim Sandle - 2 comments

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