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Layoffs

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  • MUNICH, May 30- The chief executive of German conglomerate Siemens said up to 11,600 jobs could be at risk in a restructuring plan he unveiled earlier this month that aims to save the company 1 billion euros annually. Previously Siemens had been structured along sectoral and regional lines.

  • BHP Billiton says it may cut jobs at Worsley Alumina Tuesday, 27 May 2014 | 9:06 AM ET

    LONDON, May 27- BHP Billiton, the world's largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a review of the business, the company said on Tuesday.

  • SAN FRANCISCO, May 22- Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins. It recorded sales of $27.3 billion in its fiscal second quarter, ended April 30, just shy of the $27.41 billion Wall Street had expected.

  • JOHANNESBURG, May 22- The National Union of Mineworkers said South Africa's labour movement will be the ultimate loser from a rival union's 17- week platinum strike, which could lead to layoffs and new restrictive government rules.

  • Sony gets real on restructuring, pockets of denial persist Wednesday, 21 May 2014 | 11:01 AM ET

    TOKYO, May 22- Sony Corp may finally be serious about restructuring, setting aside up to $1 billion this fiscal year to cut staff, but the hard-nosed figures in its latest results still include noticeably rosy forecasts. Sony missed the forecasts it set for its TV and smartphone divisions last year as it struggled to compete with more nimble rivals.

  • *Air Berlin examining business model. FRANKFURT, May 15- Air Berlin said it is looking at all options, including its business model, as it prepares to launch a fundamental restructuring aimed at restoring the loss-making airline to profitability.

  • DETROIT, May 13- Detroit's three automakers are mulling a request by the city's art museum to help it raise money for a key component of Detroit's plan to restructure its debt and exit bankruptcy, representatives of the companies said on Tuesday.

  • Automakers mull aid to art museum in Detroit bankruptcy Tuesday, 13 May 2014 | 11:00 AM ET

    DETROIT, May 13- Detroit's three automakers are mulling a request by the city's art museum to help it raise money for a key component of Detroit's plan to restructure its debt and exit bankruptcy, representatives of the companies said on Tuesday.

  • HONG KONG, May 13- Shanghai's top real estate agent has been forced to downsize, hurt in part by a delay in commission payments from property developers in a market facing increasing liquidity pressure and a slowdown in sales.

  • *Lonmin prepares for return to work on May 14. *Union NUM says two workers killed at Lonmin mine. LONDON, May 12- Platinum miner Lonmin said on Monday restructuring and job cuts were inevitable as it posted a steep fall in six-month earnings, suffering from South Africa's longest and most costly labour stoppage.

  • May 7- AOL Inc on Wednesday said its quarterly profit declined, with its stock price falling 22 percent as it missed earnings expectations due to the cost of restructuring its digital and media entertainment businesses.

  • Fear of economic blow as births drop around world Wednesday, 7 May 2014 | 4:26 PM ET

    Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.

  • May 6- U.S. fertilizer company Mosaic Co said on Tuesday it will eliminate more than 500 jobs in the next year as it reported a larger-than-expected 43 percent drop in quarterly profit.

  • MILAN, April 30- Etihad Airways has signalled that it is ready to continue talks on a potential investment in Italy's troubled Alitalia but it refuses to budge on tough conditions on debt restructuring and job cuts, a source close to the talks said on Wednesday.

  • RBS head of forex in Europe takes 5-month sabbatical Tuesday, 29 Apr 2014 | 10:55 AM ET

    LONDON, April 29- Royal Bank of Scotland's head of foreign exchange trading in Europe, James Pearson, is taking a five-month sabbatical, leading to a temporary restructuring of the bank's forex desk, RBS said on Tuesday.

  • WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would defer the reopening of its Quintette coal mine in British Columbia and cut 600 jobs, or 5 percent of its global workforce, after a 78.4 percent fall first-quarter net profit.

  • Citigroup cuts about 2% of global workforce: Report Monday, 14 Apr 2014 | 6:16 AM ET

    Citigroup has cut 200 to 300 jobs, or about 2 percent of its global markets workforce, the Wall Street Journal reported.

  • April 10- Heavy equipment retailer Titan Machinery Inc said it would cut about 12 percent jobs in its construction unit and the company posted a 10 percent drop in quarterly revenue. Titan also estimated revenue of $1.95 billion to $2.15 billion for the year ending Jan. 31, 2015.

  • April 10- Farm equipment retailer Titan Machinery Inc reported a 10 percent drop in quarterly revenue and said it would reduce its workforce at its construction business by about 12 percent. Revenue fell to $708.6 million in the fourth quarter ended Jan. 31 from $784.5 million a year earlier.