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  • SeaWorld laying off more than 300 workers Friday, 12 Dec 2014 | 5:14 PM ET

    ORLANDO, Fla.— SeaWorld Entertainment Inc. is laying off more than 300 workers, a day after its CEO announced he is stepping down. Spokesman Fred Jacobs said Friday 311 workers would be laid off from the company's Orlando headquarters and its 11 parks. SeaWorld' s chairman was named the company's interim leader.

  • SeaWorld CEO to step down, company to cut jobs Thursday, 11 Dec 2014 | 6:15 PM ET

    SeaWorld did not say how many jobs it would cut, as part of its restructuring plan aimed at saving about $50 million by the end of 2015.. Negative publicity has hurt SeaWorld' s 11 park enterprises, with attendance rising only twice in the last seven quarters. SeaWorld shares closed at $16.09 on the New York Stock Exchange on Thursday.

  • UPDATE 2-BP to spend $1 bln on thousands of job cuts Wednesday, 10 Dec 2014 | 8:41 AM ET

    LONDON, Dec 10- BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices. "Given the recent position taken by OPEC and with oil prices where they are today, we will continue to review this further," BP head of upstream Lamar McKay...

  • LONDON, Dec 10- BP will cut hundreds of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices. Hundreds of jobs are expected to be cut in BP's main centres in Britain, the United States and elsewhere, sources said. The restructuring charge is part of...

  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is winding down in its current form, laying off some U.S. employees and pursuing a sale of some overseas operations, sources said on Tuesday. The divestment by Occidental Corp, which bought Westport, Connecticut- based Phibro from Citigroup Inc five years ago, will allow Hall...

  • Citigroup to take $3.5 billion charge this quarter Tuesday, 9 Dec 2014 | 11:48 AM ET

    NEW YORK— Citigroup said Tuesday that it will incur charges of $3.5 billion in the fourth quarter to cover legal and restructuring costs. Like other U.S. banks and financial institutions, Citi is still grappling with the fallout from the financial crisis and the tougher regulatory scrutiny that the industry is facing in the aftermath. Citi's CEO Michael Corbat...

  • NYC book publisher to close upstate warehouse Tuesday, 9 Dec 2014 | 7:23 AM ET

    KIRKWOOD, N.Y.— Penguin Random House says it plans to lay off nearly 300 workers at its warehouse and distribution center in upstate New York. The Press& Sun-Bulletin of Binghamton reports the Manhattan- based global trade book publisher notified the state Department of Labor that 286 employees will be laid off at the company's facility in Kirkwood, near the...

  • BP still shedding jobs, could say more this week Monday, 8 Dec 2014 | 6:49 PM ET

    DALLAS— BP PLC is still reducing jobs as is shrinks in the aftermath of the 2010 Gulf of Mexico oil spill, and the company might provide more details when it meets with investors this week. Brett Clanton, a BP spokesman in Houston, declined to say whether oil prices were causing the company to speed up layoffs, and he declined to put a number on the job cuts.

  • Companies face looming war for talent: Challenger Thursday, 4 Dec 2014 | 9:20 AM ET

    Higher wages and a war for talent are on the horizon as companies compete for a shrinking pool of skilled labor, John Challenger says.

  • LONDON, Dec 3- GlaxoSmithKline confirmed on Wednesday it would shed several hundred U.S. commercial jobs and a similar number of research positions as it restructures operations in its biggest market, where drug sales are flagging. Many of the jobs lost will be from GSK's Research Triangle Park site in North Carolina as drug research is consolidated in...

  • LONDON, Nov 30- GlaxoSmithKline will this week inform U.S. staff of hundreds of job cuts in its biggest market as the drugmaker starts implementing a major cost-saving programme, sources familiar with the matter said on Sunday. Britain's top drugmaker announced at third-quarter results on Oct. 22 that the new restructuring scheme would save 1 billion pounds in...

  • Nov 21- American Airlines Group Inc subsidiary Envoy Air plans to transfer at least 50 Embraer 145 aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, according to an internal letter reviewed by Reuters. One of American's other regional subsidiaries, Piedmont Airlines, will receive at least 20 of the transferred...

  • CITI JOB CUTS ARE ACROSS ASSET CLASSES, INCLUDE HEAD OF G10 FX STRATEGY VALENTIN MARINOV- SOURCES.

  • UPDATE 2-South Africa's AngloGold Ashanti to cut jobs Tuesday, 11 Nov 2014 | 6:30 AM ET

    JOHANNESBURG, Nov 11- South Africa's AngloGold Ashanti plans to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs, it said on Tuesday. A union source close to negotiations with the company said 1,200 positions were affected in South Africa, with AngloGold considering moving 300 staff...

  • Paul Glassman, San Bernardino's bankruptcy attorney, told the federal judge overseeing the city's bankruptcy that a rejection by voters on Tuesday of a pay-cutting ballot measure for police and firefighters was a "gamechanger" that had thrown the restructuring plan off track. Lawyers for San Bernardino's police and fire unions reacted with dismay and anger...

  • Planned layoffs surge 70 percent in October Thursday, 6 Nov 2014 | 7:30 AM ET

    The number of planned layoffs by U.S. employers surged nearly 70 percent in October, according to a report by Challenger, Gray & Christmas.

  • JOHANNESBURG, Nov 5- South African miner Harmony Gold reported a further quarterly loss on Wednesday and suggested it might have to cut jobs as it contends with a depressed gold price and operational problems which include an escalating battle with illegal miners. Unveiling its results for the three months to end-September, the company said losses narrowed...

  • BUENOS AIRES, Nov 4- Procter& Gamble Co, the world's No. 1 household products maker, has no plans to lay off staff in Argentina despite having to suspend commercial operations in the country while it grapples with a tax fraud probe, a source familiar with the matter said on Tuesday. Argentina accused P&G on Sunday of hiding income and over-billing $138 million in...

  • Target marks 11 underperforming stores for closure Tuesday, 4 Nov 2014 | 5:13 PM ET

    Target will shutter 11 stores in the US, more than it has closed in the last two years combined.

  • WASHINGTON, Nov 3- Sprint Corp announced on Monday it will fire 2,000 employees as the company attempts to cut costs and turn around several quarters of losses. Sprint reported a loss of 19 cents per share, well below analyst expectations of a loss of 6 cents per share, according to Thomson Reuters I/B/E/S. Sprint shares dropped 7.7 percent to $5.72 in after-market...