Job cuts News
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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.
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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.
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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.
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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.
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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.
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New York -
American Airlines has confirmed to its unions Wednesday that it is cutting 13,000 jobs from its workforce of 88,000. The No. 3 airline in the United States is conducting cost-saving measures to emerge from bankruptcy.
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Ehningen -
A new report coming out of Germany says that International Business Machines Corp. is planning to cut 8,000 jobs out of its 20,000-plus workforce in Germany, according to sources from the company's management.
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Last summer Kraft Foods, Inc. announced its plans to make some significant changes in the corporation in 2012.
Yesterday the company issued a statement that outlined several moves it intends to make in the near future.
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New York -
In order to boost the company's earnings, Pepsi is looking at cutting about 4,000 jobs from its workforce. It is also eyeing the possibility of ending or reducing pension contributions. A "final decision" is expected in a few days.
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Long-time appliance manufacturer Whirlpool Corp. announced today it is scaling back thousands of jobs. The Benton Harbor, Mich. based company is also seeking to make some massive changes along with the 5,000 jobs being eliminated.
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Job cuts Headlines
German airline Lufthansa says it will cut 3,500 jobs as it seeks to cut its administrative costs by a quarter.
 PepsiCo Canada will cut up to 100 jobs in Canada as part of the parent company's restructuring.
Part state-owned banks RBS and Lloyds have announced they will cut 1,900 jobs between them as they reorganise.
 Sears Canada is cutting roughly 400 jobs across the country as it closes nearly all of its in-store cafes.
 Japanese news reports say Sony Corp. will cut about
10,000 jobs worldwide over the next year.
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