Layoffs
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*About 5 pct of UK staff could be cut. *Steve Graf replaces David Faktor as head of trading. NEW YORK, March 26- UK- based Stemcor, the world's largest independent steel-focused trading firm, will restructure various parts of its business and cut some jobs in response to weak market conditions, the company said on Tuesday.
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March 26- Supervalu Inc said it will cut about 1,100 jobs across the country as it tries to revamp its business after selling some of its supermarket chains.
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*Consultation process on job cuts ends March 31. RUSTENBURG, South Africa, March 26- Cattle graze the fields around Anglo American Platinum's South African mines, a familiar sight for workers with a rural past, and possibly a hint of their future as the world's largest platinum producer plans 14,000 job cuts.
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WASHINGTON, March 25- Waltham, Massachusetts- based Raytheon Co said on Monday it will pare its business units down to four starting on April 1 to boost productivity and lower costs, resulting in annual savings of about $85 million and the elimination of 200 jobs.
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DETROIT/ PARIS, March 21- Ford's plan to cut jobs and close plants, once hailed as proactive, may not be enough to halt losses in Europe- where moves to rein in margin-crushing discounts have sparked a further sales plunge.
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FRANKFURT, March 21- Employees at the Bochum, Germany car plant of General Motors' Opel unit have rejected a restructuring deal agreed by union leaders and management, meaning production at the plant will now cease at the end of next year, the company said.
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March 21- Coca-Cola Co said on Thursday it will lay off 750 people in the United States as the world's largest soft drinks maker streamlines its business three years after a big acquisition. The job cuts, which will be across the board, represent about 1 percent of the company's workforce of 75,000 in North America.
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DETROIT/ PARIS, March 21- Ford's plan to cut jobs and close plants, once hailed as proactive, may not be enough to halt losses in Europe- where moves to rein in margin-crushing discounts have sparked a further sales plunge.
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SANTIAGO, March 15- Codelco's unionized workers threatened on Friday to stage a 24- hour work stoppage at all units of the world's top copper miner within 30 days to demand greater job security and pensions.
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MADRID, March 12- Spain pledged 3.5 billion euros over four years on Tuesday to easing mass unemployment among the country's youth, as the government tries to stem a relentless tide of layoffs and lengthening jobless queues.
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BRUSSELS, March 8- An Austrian bank is facing possible closure for failing to restructure, Europe's competition chief said without naming the bank, but a commission spokesman said Hypo Alpe Adria was the country's only bank negotiating a revamp.
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*Employment gain of 50,700 surpasses estimates. OTTAWA, March 8- Canada's job market rebounded from January's losses to add 50,700 net new positions in February, with most of the gains in the services industries while manufacturers saw hefty layoffs for the second straight month.
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Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.
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March 8- Google Inc's Motorola Mobility unit will slash 1,200 jobs or 10 percent of its workforce as the smartphone maker tries to return to profitability, the Wall Street Journal reported on Friday, citing a company email.
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NEW YORK, March 7- Planned layoffs at U.S. companies rose for the second month in a row in February as the financial sector cut the most employees in over a year, a report showed on Thursday. Employers announced 55,356 planned job cuts last month, up nearly 37 percent from 40,430 in January, according to the report from consultants Challenger, Gray& Christmas, Inc..
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Planned layoffs rose for the second month in a row in February as the financial sector cut the most employees in over a year, a report showed on Thursday.
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NEW YORK, March 7- Planned layoffs at U.S. companies rose for the second month in a row in February as the financial sector cut the most employees in over a year, a report showed on Thursday. Employers announced 55,356 planned job cuts last month, up nearly 37 percent from 40,430 in January, according to the report from consultants Challenger, Gray& Christmas, Inc..
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*Osram says still sees China as key market of the future. FRANKFURT, March 7- Osram, the lighting group of Germany's Siemens, has agreed to sell a factory in China as part of a move to cut costs and shift investment to light-emitting diode technology.
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March 7- J.C. Penney Co Inc said it has recently laid off about 2,200 employees at 100 of its stores and district offices, the latest move by the struggling department store operator to contain costs as it contends with deep sales declines.
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LONDON, March 6- Swiss bank UBS AG will tell its employees on Wednesday what bonus, if any, they will be receiving for 2012, a year in which staff endured a radical restructuring and the conviction of a rogue trader that has left expectations low.
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