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  • 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...

  • CARACAS, April 28- The Venezuelan division of General Motors Co has sacked 13 percent of its workforce and the local Ford Motor Co plant has halted operations as a shortage of hard currency has left the companies unable to acquire parts, a union leader said on Tuesday. A representative for General Motors de Venezuela said the company had no comment.

  • April 27- Drug developer Celladon Corp said it expected to announce lay-offs and cost cuts as its stock plunged to an all-time low after the company's lead experimental gene therapy to treat heart failure failed a key trial. Celladon lost nearly 80 percent of its market value in early trading on Monday, with the stock falling to a record low of $2.76.

  • FRANKFURT, April 24- Deutsche Bank's supervisory board gathered on Friday to review a sweeping restructuring plan to cut back investment banking and dump the Postbank retail chain to restore profitability. The strategy decision, which may be announced as early as Friday evening, takes place under a cloud after U.S. and British authorities on Thursday imposed...

  • DETROIT, April 23- Ford Motor Co said on Thursday it will lay off about 700 workers at a Detroit- area plant making compact and compact hybrid cars, responding to a dip in demand for such vehicles amid lower gasoline prices. Michigan Assembly Plant in Wayne, Michigan is cutting a shift and will run on two shifts beginning June 22, said Ford spokeswoman Kristina...

  • FRANKFURT, April 23- German ATM maker Wincor Nixdorf will cut 12 percent of its workforce and spin off its cashless payments business as part of a restructuring announced on Thursday. Wincor had warned this month that it would miss its sales and operating profit guidance for the year, citing deteriorating business in Russia and China, sluggish recovery in...

  • *Deutsche Bank could value Postbank at around 3.6 billion euros. FRANKFURT, April 21- Postbank is a low-profit retail banking network in need of restructuring but current owner Deutsche Bank may discover plenty of potential buyers prepared to look beyond the blemishes of the German chain. Selling Postbank on the stock market instead of directly to a strategic...

  • Baker Hughes reports quarterly loss on $772 mln charge Tuesday, 21 Apr 2015 | 8:17 AM ET

    April 21- Oilfield services provider Baker Hughes Inc, which is in the process of being acquired by Halliburton Co for $35 billion, posted a quarterly loss compared with a year-earlier profit as it recorded a $772 million charge related to restructuring and other items. Baker Hughes said it would cut 10,500 jobs, or 17 percent of its global workforce, up from 7,000...

  • China's incredible shrinking factory Thursday, 16 Apr 2015 | 5:00 PM ET

    HUIZHOU, China, April 17- Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Cankun, an appliances factory in southern China featured in the documentary Manufactured Landscapes, had more than 22,000 manufacturing employees in 2005, according to its annual report. Some Hong Kong- owned factories in southern China...

  • WASHINGTON, April 16- U.S. rules to cut carbon emissions could close more than 90 coal plants and eliminate jobs that support mining and power stations that the federal government has not fully considered, a report by the conservative American Action Forum research group said on Thursday. The EPA also says the rules will save consumers billions of dollars over...

  • TOKYO, April 16- Japan's Sharp Corp and its main banks are set to agree on Thursday to a $1.7 billion rescue and restructuring plan that will likely include a promise to split off its ailing smartphone display business, a person involved in the discussions said. As part of its second major bailout in three years, Sharp's lenders, Mizuho Bank and Bank of...

  • April 15- Memory chipmaker SanDisk Corp reported its first fall in quarterly revenue in two years and plans to cut jobs to reduce costs as it struggles to meet demand for its flash-based memory products. SanDisk's adjusted profit also fell short of analysts' average estimate, sending the company's shares down nearly 6 percent in after market trading on...