KUALA LUMPUR, Aug 28- As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.» Read More
NEW YORK— Chip supplier Fairchild Semiconductor is eliminating about 1,350 jobs in the U.S. and Asia— about 15 percent of its total workforce— to reduce costs. Fairchild said it will take charges of $36 million in restructuring and $25 million in depreciation, but the closures are expected to save Fairchild $45 million to $55 million a year.
MOLINE, Ill.— Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand. The Moline, Illinois, company said Friday that the latest round of layoffs will be effective October 20.
PALO ALTO, Calif.— Hewlett-Packard Co.' s fiscal third-quarter earnings fell 29 percent as the personal computer and printer maker absorbed the costs of employee layoffs and past acquisitions. HP earned $985 million, or 52 cents per share, for the three months ended in July.
WEBSTER, N.Y.— Xerox Corp. plans to lay off 121 people at its Webster plant in western New York. A statement from Norwalk, Connecticut- based Xerox says the affected employees work for the site and facilities services operations providing maintenance and cleaning for the Webster plant.
MOLINE, Ill.— Agricultural equipment maker Deere is announcing it will indefinitely lay off more than 600 employees at four of its factories in the Midwest as demand slumps. The affected sites are in the cities of East Moline and Moline in Illinois, as well as Ankeny, Iowa, and Coffeyville, Kansas.
Aug 15- Deere& Co, the world's largest maker of farm equipment, said it would indefinitely lay off more than 600 employees at plants in Illinois, Iowa and Kansas as falling grain prices hurt demand for tractors, harvesters and other agricultural machinery.
The plants are in Moline and East Moline, Illinois; Ankeny, Iowa; and Coffeyville, Kansas, Deere said.
Aug 14- Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015. Shares in Cisco, still the world's largest networking equipment maker, were down 2.7 percent at $24.52 on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 percent at $24.82 in premarket trading on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco said $250- $350 million of the charges would be recognized in the first quarter.
A retail tracking start-up has laid off 20 employees, in part because of forthcoming iPhone privacy changes. Re/code reports.
FRANKFURT, Aug 2- Unilever would need to cut more jobs in Europe if real income levels among consumers fall, weighing on demand for brand-name items, Chief Executive Paul Polman was quoted as saying in an interview on Saturday.
FRANKFURT, Aug 2- Unilever will cut more jobs in Europe as real income levels among consumers fall, weighing on demand for brand-name items, Chief Executive Paul Polman was quoted as saying in an interview on Saturday.
July 31- Canada's Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.
U.S. employers planned to cut nearly 50,000 positions in July, Challenger, Gray & Christmas reported Thursday, 50 percent higher than in June.
Apple plans to lay off about 200 people at Beats Electronics, according to Bloomberg, citing a person with knowledge of the restructuring.
July 29- Amgen Inc on Tuesday said it would cut up to 15 percent of its work force and close plants in a series of moves aimed at reallocating resources as it prepares to introduce new medicines it hopes will drive future growth.
July 29- Amgen Inc on Tuesday said it would cut up to 15 percent of its global work force and close plants as part of a series of moves aimed at reallocating resources as it prepares for the eventual launch of medicines it hopes will drive future growth.
July 29- Amgen Inc on Tuesday posted higher-than-expected second-quarter profit in a rebound from a disappointing first quarter, helped by strong sales of its rheumatoid arthritis drug Enbrel, and it significantly raised its full-year earnings forecast.
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