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Business Events Layoffs

  • INDIANAPOLIS— More than 300 Carrier Corp. workers were being laid off Thursday from the company's Indianapolis factory as part of an outsourcing of jobs to Mexico that drew criticism last year from then-presidential candidate Donald Trump. Carrier announced in February 2016 that it would close the Indianapolis plant and cut about 1,400 production jobs in...

  • LIMA, Peru— Union workers at more than 50 mines in Peru have gone on strike to protest parts of a labor reform that they say will harm workers' rights. Ricardo Juarez is leader of a national federation of miners. Juarez argued that laws approved by President Pedro Pablo Kuczynski would make it easier for mass layoffs and weaken inspection bodies.

  • ORION TOWNSHIP, Mich./ DETROIT, July 17- General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM's vehicle inventory in the United States hit a 10- year high in June at 105 days supply.

  • ORION TOWNSHIP, Mich./ DETROIT, July 17- General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM's vehicle inventory in the United States hit a 10- year high in June at 105 days supply.

  • The layoffs were first reported by The Associated Press on Friday. SUNY Poly interim president Bahgat Sammakia said the terminated employees are all based in Albany and include support staff— but no research faculty and no employees at the institute's Utica campus. "We support President Sammakia's willingness to make the difficult strategic decisions...

  • SANTIAGO, July 12- Chilean copper mine Collahuasi, a joint venture of Anglo American and Glencore, said on Wednesday it will cut 115 jobs, including executives, as part of a plan to boost efficiency amid low prices for the metal. Collahuasi, one of the world's largest copper mines, said in a statement that its staff had been structured when the mine was planning an...

  • WASHINGTON— U.S. employers posted fewer job openings in May. Job openings fell 5 percent in May to 5.7 million, the Labor Department said Tuesday. Jed Kolko, an economist at the jobs site Indeed, said the report "shows what workers do in a tight labor market" in which there are more quits than layoffs and fewer unemployed workers for each job opening.

  • LONDON/ BENGALURU, July 11- India's Tata Steel said on Tuesday it had agreed to sell its pipe mills in the north of England to UK- based metals and industrial group Liberty House for an undisclosed sum. "With this sale, Tata Steel UK will complete its portfolio restructuring to focus on the strip products supply chain linked to Port Talbot," said Bimlendra Jha, CEO of...

  • July 6- Sears Canada Inc on Thursday sought court approval for its restructuring efforts, two weeks after the Canadian retailer filed for creditor protection. The company set Oct. 4 as the deadline to obtain court approval of successful bids, while the company's sale and investment solicitation process has an expected completion date of Oct. 25.

  • Businessman silhouette, in the shadows

    The number of planned layoffs at U.S. firms fell in June to its lowest level of the year.

  • SAN FRANCISCO, July 3- Microsoft will undergo a reorganization that will impact its sales and marketing teams, company executives told employees on Monday. The re-shuffling will impact those under Microsoft Chief Marketing Officer Chris Capossela, Executive Vice Presidents Judson Althoff and Jean-Philippe Courtois, all of whom sent messages to their...

  • Microsoft is preparing to lay off thousands of employees, according to report

    Microsoft is ready to lay off thousands of employees according to a report.

  • BEIJING, June 30- China needs to "eliminate barriers" to foreign investment and create jobs to spur growth in the country, the world's second-largest economy, Premier Li Keqiang said. "This year China's foreign investment has seen negative growth, this is something we need to closely monitor," Li said, in comments carried on the website of China's cabinet, known as the...

  • HENNIGSDORF, Germany, June 29- Canada's Bombardier will slash up to 2,200 jobs in Germany by 2020 as part of a sweeping savings plan but will not shut any of its five plants there, Bombardier Transportation's supervisory board Chairman Wolfgang Toelsner said. Most of the cuts will be at the loss-making train-making division's plants in Hennigsdorf near Berlin...

  • June 28- A New York Supreme Court Justice sided with J. Crew Group Inc in a dispute with some of its senior lenders, allowing the U.S. preppy retailer to move forward with a restructuring deal to cut its $2.1 billion debt pile. The lenders had asked Justice Shirley Werner Kornreich to halt the deal because it unfairly gave collateral in the company, the J. Crew brand, to J....

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is considering retrenching 8,500 mine workers as part of its restructuring of its South African business "to ensure their viability", sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is retrenching 8,500 mine workers as part of its restructuring its South African business "to ensure their viability," sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in its South...

  • PARIS, June 26- Tati, the iconic cut-price shop whose historic store stands near Paris's Sacre Coeur monument, is to be sold to domestic rival Gifi, said a lawyer involved in Tati's restructuring process. Thomas Hollande, the son of former French President Francois Hollande who was acting as a lawyer for Tati's employees, said the deal would save the bulk of jobs at...