Layoffs
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*Raised $1.2 bln from investors, but cash has dwindled to $30 mln. DETROIT, April 5- Fisker Automotive, the struggling, government-backed hybrid sports car maker, said on Friday that it terminated most of its rank-and-file employees, in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing.
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CHICAGO, April 5- Caterpillar Inc said on Friday it was laying off 460 workers at a U.S. plant that makes mining equipment. Caterpillar, which had already implemented temporary layoffs and line shutdowns as well as a shortened work week in Decatur, said the permanent layoffs were needed to "bring production in line with demand."
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LOS ANGELES, April 4- Walt Disney Co expects to begin layoffs at its studio and consumer product divisions within the next two weeks, according to two people with knowledge of the matter, in the latest cost-reduction step to emerge from a company-wide review.
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ARLINGTON, Va.-- Language software company Rosetta Stone Inc. said Thursday that it will close its last 56 U.S. kiosk locations as it shifts to a fully online business model. It will cut around 245 jobs as part of the move. On Tuesday it bought online language-learning company Livemocha for $8.5 million.
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NEW YORK, April 4- The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday.
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John Challenger, CEO of Challenger, Gray & Christmas, breaks down the latest results on job cuts last month.
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NEW YORK, April 4- The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday.
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CHEEKTOWAGA, N.Y.-- Thirty-six people will lose their jobs when DRS Technologies closes its Buffalo- area location over the summer. The Arlington, Va.- headquartered company filed a notice with the New York Labor Department Thursday saying the layoffs will occur between the end of June and Sept. 30, when the Cheektowaga office will close.
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DETROIT/ NEW YORK, March 28- Fisker Automotive, the green-car company that has not built a car since July, hired restructuring lawyers from Kirkland& Ellis to prepare for a possible bankruptcy filing, The Wall Street Journal reported on Thursday, citing people familiar with the matter. On April 22, Fisker must make a payment on a U.S. Department of Energy loan.
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*Opel can now begin restructuring German operations. FRANKFURT, March 27- German trade union IG Metall's federal executive board approved a labour deal with Opel on Wednesday, paving the way for the General Motors unit to begin restructuring its domestic operations.
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ANN ARBOR, Mich.-- Aastrom Biosciences Inc. is cutting its workforce by about 50 percent and ending a clinical drug trial. The Ann Arbor, Mich., company said that it will stop enrollment in and end the Phase 3 Revive clinical trial for patients with critical limb ischemia, or restricted blood supply.
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*Co lacks capital to run the trial without partner- analyst* Stock slumps 34 pct By Vrinda Manocha. March 27- Aastrom Biosciences Inc said it would end the late-stage trial of its drug to treat critical limb ischemia, a form of peripheral arterial disease, and cut about half of its workforce, driving its shares to an all-time low.
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CARLTON, Wis.-- Layoffs from the shutdown of Dominion Resources Inc.' s Kewaunee Power Station in eastern Wisconsin are scheduled to start at the end of May. The Wisconsin Department of Workforce Development says it received notice that a series of layoffs at the nuclear plant will begin May 31.
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March 27- Aastrom Biosciences Inc said it would end the late-stage trial of its drug to treat critical limb ischemia- a form of peripheral arterial disease- and cut about half of its workforce, driving its shares down 40 percent in premarket trade.
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March 27- Aastrom Biosciences Inc said it would end the late-stage trial of its drug to treat critical limb ischemia- a form of peripheral arterial disease- and cut about half of its workforce.
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FRANKFURT, March 27- SMA Solar has no concrete plans for another programme of job cuts, its Chief Executive Pierre-Pascal Urbon said, adding that further measures could not be ruled out if the market environment deteriorates.
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MADRID, March 27- Spain's third-biggest bank, Caixabank, has reduced planned lay-offs after talks with unions but still plans big job cuts as it tries to absorb a string of acquisitions.
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WASHINGTON, March 26- President Barack Obama's top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, particularly for men and younger people, because of the landmark 2010 healthcare restructuring due to take effect next year.
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By Jeff Mason and David Morgan. WASHINGTON, March 26- President Barack Obama's top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, particularly for men and younger people, because of the landmark 2010 healthcare restructuring due to take effect next year.
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*About 5 pct of UK staff could be cut. *Steve Graf replaces David Faktor as head of trading. NEW YORK, March 26- UK- based Stemcor, the world's largest independent steel-focused trading firm, will restructure various parts of its business and cut some jobs in response to weak market conditions, the company said on Tuesday.