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  • 2014 saw fewest job cuts since 1997: Challenger Thursday, 8 Jan 2015 | 7:41 AM ET

    The number of planned layoffs by U.S. employers fell 9.2 percent in December, capping off a year that saw the fewest job cuts since 1997.

  • WASHINGTON, Jan 7- U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday and signs of ever-stronger consumer spending confirmed the United States remains the bright...

  • UPDATE 1-Wet Seal lays off 3,700 as it closes 338 stores Wednesday, 7 Jan 2015 | 10:04 AM ET

    Jan 7- Struggling apparel retailer Wet Seal Inc said it laid off about 3,700 full- and part-time employees on Wednesday as it went ahead with the closure of 338 stores. The closed stores accounted for almost half of Wet Seal's net sales of about $317 million in the nine months to Nov. 1. The closures will result in pre-tax charges of $5.4 million- $6.4 million, Wet Seal...

  • Wet Seal lays off 3,700 as it closes 338 stores Wednesday, 7 Jan 2015 | 9:26 AM ET

    Jan 7- Struggling apparel retailer Wet Seal Inc said it laid off about 3,700 full- and part-time employees on Wednesday as it closed 338 retail stores. The closures followed Wet Seal's failure to successfully re-negotiate meaningful concessions from landlords, the company said. The closed stores accounted for almost half of Wet Seal's net sales for the nine...

  • Aveo Oncology to cut two-thirds of workforce Wednesday, 7 Jan 2015 | 7:05 AM ET

    Jan 7- Aveo Oncology said its plans to cut two-thirds of its workforce, or 40 positions, as a part of a restructuring that includes the departure of Chief Scientific Officer Jeno Gyuris.

  • Jan 6- United States Steel Corp said it would temporarily idle its pipe manufacturing plant in Lorain, Ohio and lay off 614 workers, largely due to weak demand from the oil industry. Canada's Crescent Point Energy Corp, for example, said on Tuesday it would cut its spending by about 28 percent in 2015.. Oil service companies Schlumberger Ltd and Civeo Corp have also...

  • U.S. Steel to idle Ohio pipe plant as oil prices drop Tuesday, 6 Jan 2015 | 11:32 AM ET

    Jan 6- United States Steel Corp said it would temporarily idle its pipe manufacturing plant in Lorain, Ohio and lay off 614 workers, largely due to weak demand from the oil industry. The layoffs will begin in early March, a spokeswoman said. The Wall Street Journal first reported the impending layoffs earlier on Tuesday.

  • Atlantic City is eager for this after its worst year Monday, 29 Dec 2014 | 8:17 AM ET
    The Showboat Casino in Atlantic City, New Jersey.

    Few people are more eager to see the clock strike midnight on Dec. 31 than Atlantic City casino workers who still have jobs there.

  • MEXICO CITY, Dec 19- Mexico's state oil company Pemex is renegotiating service contracts worth hundreds of millions of dollars in a drive to cut costs as it grapples with falling crude prices, its chief executive said. Mexico's main crude export mix is worth even less, trading around $51 a barrel on Friday, while Pemex's average production costs are about $22 per...

  • NEW YORK/ SAN JUAN, Puerto Rico Dec 15- R estructuring experts will present different scenarios to overhaul Puerto Rico's troubled electric power authority to creditors on Monday, but will stop short of recommending job cuts, the president of PREPA's board said in a statement. The proposals, which will not be made public, were prepared by Chief Restructuring...

  • BUSINESS PLAN FOR PUERTO RICO ELECTRIC AUTHORITY TO BE. SAN JUAN, Dec 15- A business plan for PREPA, the troubled Puerto Rican electric authority, is to be presented to creditors on Monday, board president Harry Rodriguez said in a statement. The business plan of Chief Restructuring Officer Lisa Donahue is a working document that will present different scenarios...

  • 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...

  • 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.