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Layoffs

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  • 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
    Pink slip job cut

    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...

  • Planned layoffs surge 70 percent in October Thursday, 6 Nov 2014 | 7:30 AM ET
    Job cuts pink slip

    The number of planned layoffs by U.S. employers surged nearly 70 percent in October, according to a report by Challenger, Gray & Christmas.

  • Target marks 11 underperforming stores for closure Tuesday, 4 Nov 2014 | 5:13 PM ET
    Target store

    Target will shutter 11 stores in the US, more than it has closed in the last two years combined.

  • HBO to lay off about 7% of workers: Report Tuesday, 28 Oct 2014 | 10:34 AM ET
    Richard Plepler, HBO Chief Executive Officer

    HBO is planning to lay off over 150 employees beginning as early as this week, Variety reports.

  • Number of planned job cuts sinks to 14-year low Thursday, 2 Oct 2014 | 10:31 AM ET
    Worker jobs

    The number of planned layoffs by U.S. employers fell to a 14-year low in September, according to a report by Challenger, Gray & Christmas.

  • Six tips for unemployed executives Thursday, 25 Sep 2014 | 2:35 PM ET
    Find job button on keyboard

    There is no shame in being unemployed—even if you're an executive. So shake the stigma and check out these tips from a headhunter.

  • Advice to IBM management: Don’t be jerks Monday, 22 Sep 2014 | 2:48 PM ET

    IBM's pay-to-play memo to employees is disturbing, says career coach Marie McIntyre. Here's some advice for IBM management.