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Layoffs

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  • SAN JUAN, Puerto Rico— Procter& Gamble Co. says it is closing a manufacturing plant in Puerto Rico and laying off some 230 employees. Officials said the company will move operations to a plant in North Carolina as part of an overall restructuring. Procter& Gamble manufactures Olay skin care products at the Cayey plant, which it bought in 1985..

  • May 15- Blue Bell Creameries said it would lay off about 750 full-time and 700 part-time employees, nearly a month after the ice cream maker voluntarily recalled all its products and stopped production due to bacterial contamination. The cuts will affect about 37 percent of the Brenham, Texas- based company's total workforce of 3,900, a decision Chief...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said 12 executives would leave the company in December under a voluntary layoff, a 30- percent reduction in executive ranks. Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA's ongoing efforts to...

  • UNITED LAUNCH ALLIANCE, JOINT VENTURE OF LOCKHEED AND BOEING, SAYS 12 EXECUTIVES LEAVING COMPANY IN DECEMBER UNDER VOLUNTARY LAYOFF.

  • HOUSTON— Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products, the Texas company announced Friday. The 108- year-old company's production plants in Texas, Oklahoma and Alabama have been closed since Blue Bell issued a full...

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • May 13- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June. Houston- based Schlumberger also said last month that it plans to cut another 11,000 jobs, bringing the total job cuts...

  • Chinese workers at state-owned machinery plant protest Wednesday, 13 May 2015 | 4:34 AM ET

    BEIJING— More than 10,000 workers at a state-owned machinery manufacturer in southern China are protesting low wages and company plans to lay off thousands of staff after posting losses for three years, employees said Wednesday. Large protests at China's state-owned enterprises have been rare in recent years because their workers are often better...

  • OSLO, May 12- Oil services firm Subsea 7 plans to cuts its workforce by close to 20 percent and reduce its fleet of 39 vessels by up to 11 as global oil and gas firms continue to cut spending after a plunge in crude oil prices dampened activity levels. Subsea 7, which focuses on the North Sea but has a global operation, expects to cuts it workforce by around 2,500 by early...

  • HARTFORD, Conn.— A legal settlement that would end a federal court fight over former Gov. William Tong, co-chairman of the Judiciary Committee, said Connecticut is in a difficult position legally and the settlement reached between the state employee unions and Attorney General George Jepsen represents the best of what could be an even worse financial deal for...

  • Strong U.S. dollar pressures jobs at exporters Friday, 8 May 2015 | 10:28 AM ET

    The appreciation in the currency weighed on first quarter profits across corporate America, including at soft drink giant PepsiCo Inc and toothpaste producer Colgate-Palmolive. Steel, the rise in the value of the dollar reduced profits from its sales to Europe, while also making steel from South Korea more competitive abroad, helping to force layoffs of...

  • TORONTO, May 7- Canadian telecom company Manitoba Telecom Services Inc said on Thursday it would cut a quarter of its headcount within its Allstream division, reduce capital expenditures and slash its annual dividend following a strategic review. Low interest rates and a spiraling defined-benefit pension bill have stung the Winnipeg- based company, which...

  • Layoffs hit 3-year high in April, energy cuts surge Thursday, 7 May 2015 | 7:30 AM ET
    Job seekers wait for the opening of a job fair sponsored by Job News in partnership with USOilWorker.com and The Texas Veterans Commission in San Antonio, TX.

    U.S.-based employers announced the highest workforce reductions last month since May 2012.

  • May 7- "Farmville" creator Zynga Inc reported higher-than-expected quarterly bookings as titles such as "Words With Friends" attracted more gamers, and the company said it would cut 364 jobs as it tries to turn around its business. San Francisco- based Zynga said it would cut studio jobs, including contractors, and implement other cuts to save $100 million on an...

  • May 7- Zynga Inc, creator of "FarmVille," reported higher-than-expected quarterly bookings of $167.4 million as titles such as "Words With Friends" and " Zynga Casino" attracted more gamers. Zynga's net loss narrowed to $46.5 million, or 5 cents per share, from $61.2 million, or 7 cents per share, a year earlier. Total revenue rose to $183.3 million from $168.0 million.

  • *Liaoning province slashed its 2015 job creation target. BEIJING, May 6- As growth in China's sagging economy looks on the verge of spilling below 7 percent, officials worried about a spike in unemployment are pulling out all the stops to avoid mass lay-offs. The measures appear to be working for now, said a senior economist at the Development Research Centre, a...

  • CHICAGO, May 5- Hormel Foods Corp unit Jennie-O Turkey Store will temporarily lay off 233 workers at a Minnesota plant because an outbreak of bird flu has reduced the number of turkeys available for processing, the company said on Tuesday.

  • May 5- Animal health products maker Zoetis Inc said it plans to cut up to a quarter of its workforce and exit nearly 40 percent of its manufacturing plants in its first major restructuring since being spun off from Pfizer Inc two years ago. The restructuring comes a month after activist investor Pershing Square seated their second nominee on Zoetis's board in...

  • GM Canada to cut about 1,000 jobs at Oshawa plant Thursday, 30 Apr 2015 | 1:19 PM ET

    TORONTO, April 30- General Motors Co will eliminate one shift at its Oshawa, Ontario, assembly plant in November, the company said on Thursday, cutting about 1,000 jobs as it makes production changes that were announced in 2012.. After Nov. 20, 2015, the Oshawa Assembly will stop producing the Chevrolet Camaro, GM said. The company announced in 2012 that it would build...