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  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as disappearing demand forces carmakers in the country to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate...

  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as a demand crisis forces domestic carmakers to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate plant and...

  • Best Buy is laying off 500 full-time and 1,000 part-time employees in Canada as it consolidates operations. The Richfield, Minnesota- based company also announced Saturday that it will close 66 of its Future Shop locations and rebranding the remaining 65 as Best Buy stores. After the changes, Best Buy will have 192 locations across Canada, including 136...

  • PROVIDENCE, R.I.— A federal judge ruled Friday that Women and Infants Hospital cannot prevent workers from refusing overtime after the union representing 1,700 of them requested they protest layoffs by turning down extra shifts. Chief Judge William E. Smith said in a memorandum that the Providence hospital did not show that employees' refusal to work overtime...

  • Republic Steel announces 200 temporary Ohio layoffs Thursday, 26 Mar 2015 | 9:03 AM ET

    LORAIN, Ohio— Republic Steel has announced it is temporarily laying off 200 workers from its Lorain plant in northeastern Ohio. The Morning Journal reports the layoffs, affecting hourly and salaried employees, were announced Wednesday. Information from: The Morning Journal, http://www.morningjournal.com.

  • Shell cuts staff numbers in North Sea operations Thursday, 26 Mar 2015 | 8:14 AM ET

    LONDON— Shell U.K. says it will cut at least 250 staff and contractors in the North Sea, amid sharp drops in the price of oil. The oil company said Thursday the cuts are part of a range of initiatives it has been pursuing to manage costs and improve competitive performance. Paul Goodfellow, Shell's upstream vice President for the U.K. and Ireland, says that despite tax...

  • March 25- General Electric Co said it increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices. "As a result of increasingly challenging market conditions, we are announcing additional workforce reductions in our Lufkin business," said Kristin Schwarz, a GE Oil& Gas spokeswoman.

  • March 25- General Electric Co increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.

  • March 25- Wells Fargo& Co, the fourth-largest U.S. bank by assets, said it will cut 1,000 jobs and close its home-lending servicing office in Milwaukee, Wisconsin. Wells Fargo, which will close the office in late July, will inform employees of other job opportunities within the company, the bank said. Shares of Wells Fargo, which had about 265,000 employees as of Dec. 31,...

  • NEW YORK— Wells Fargo will close its home lending servicing office in Milwaukee and eliminate 1,000 jobs, saying fewer homeowners are falling behind on payments and seeking help keeping their homes. In an emailed statement, Wells Fargo& Co. said Wednesday that as the economy has improved over the last two years, fewer customers have become delinquent on their...

  • MOSCOW— As the economic crisis sweeps through Russia, a dangerous trend is emerging in this heavy-drinking country: the rise in consumption of potentially lethal moonshine, medical alcohol or even cleaning products. Layoffs, wage cuts and price increases are combining to worsen the problem of alcoholism, which has long been a major public health issue, by...

  • ATLANTIC CITY, N.J.— Two emergency managers appointed by New Jersey Gov. Chris Christie to turn around Atlantic City's troubled finances recommend layoffs and deep spending cuts, but don't foresee a bankruptcy filing for the struggling casino resort. Kevin Lavin, a corporate turnaround expert, and Kevyn Orr, who shepherded Detroit through its municipal...

  • Mark Welch, chief restructuring officer of Freedom Industries, entered the plea on behalf of the company in federal court to negligent discharge of a pollutant and unlawful discharge of refuse matter, both misdemeanors, and violating a permit condition under the Clean Water Act, a felony. Thousands of gallons of a coal-cleaning agent from Freedom Industries...

  • MOSCOW— A Russian union official said Monday that 15 members have been briefly detained by police as tensions rise in disputes involving Volkswagen and Peugeot factories. Police were quoted by Russia's Interfax agency as saying that 12 activists were held as part of an investigation into a theft near the union office. The union has protested against proposed...

  • MOSCOW, March 23- German car producer Volkswagen said on Monday it would reduce shifts and lay off at least 150 workers at its Russian car plant in Kaluga, south of the capital Moscow. The carmaker said the Kaluga plant would work four days a week from April to July this year, while in May the number of shifts would decrease to two from three. It added that the production...

  • *Restructuring costs to total over 200 bln yen- source. TOKYO, March 19- Japan's loss-making Sharp Corp intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. The job cuts will total around 6,000, half of which would come in Japan through early retirement while...

  • March 18- Sharp Corp is cutting more than 10 percent of its Japanese workforce starting in April, according to a Nikkei report. The embattled electronics manufacturer will slash about 3,000 jobs through voluntary retirements and expects to book about 30 billion yen in retirement-related expenses for 2015, the business daily said. The company could also cut...

  • CALGARY, Alberta, March 17- Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices. Nexen, which was bought by state-controlled CNOOC in 2013 for $15.1 billion, has begun to cut some 340 employees in North America, and started...

  • CALGARY, Alberta, March 17- Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices. Nexen, which was bought by state-controlled CNOOC in 2013 for $15.1 billion, will cut approximately 340 employees in North America and 60 at its UK...

  • Tesla is shedding jobs after missing sales target Monday, 9 Mar 2015 | 6:36 AM ET
    The interior of the Tesla Model D

    Tesla Motors said it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target.