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  • Dec 22- Turing Pharmaceuticals said on Tuesday it is seeking a new chief executive to replace Martin Shkreli, the price-gouging entrepreneur who is facing U.S. charges of securities fraud, and will cut jobs in a restructuring. On Monday, KaloBios Pharmaceuticals said Shkreli was "terminated" as CEO and had resigned from the board. Shkreli gained notoriety when, as...

  • *Europe's 10 biggest banks announced 130,000 job cuts since June. By Anjuli Davies, Sinead Cruise and Steve Slater. LONDON, Dec 21- Regulation, anaemic economic growth and technology changes will force banks across Europe to find more savings in 2016, with jobs likely to be the biggest casualty, according to investors and analysts.

  • LONDON, Dec 21- Some of Europe's biggest banks have said in the last six months they plan to cut more than 130,000 jobs as they ramp up plans to cut costs, sell businesses and restructure. Earlier this month, Dutch lender Rabobank said it would cut 9,000 jobs, joining Deutsche Bank, UniCredit, Credit Suisse, HSBC and Standard Chartered to announce hefty job culls since...

  • TOKYO, Dec 21- Toshiba Corp said on Monday it would book a record net loss this year and cut around 5 percent of its workforce as the sprawling conglomerate, reeling from a $1.3 billion accounting scandal, focuses on chips and nuclear energy. The change in fortune at Toshiba, whose former executives have led Japan's business lobby and advised governments, comes as...

  • Toshiba announces job cuts in consumer electronics units

    The Japanese electronics giant is working to sharpen its focus on chips and nuclear energy.

  • TOKYO, Dec 21- Japan's Toshiba Corp said on Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal, in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job...

  • Dec 17- Colt Defense LLC expects to complete its restructuring and emerge from bankruptcy in the coming weeks, the gunmaker said in a joint statement with the United Auto Workers union on Thursday. The gun manufacturer, owned by private equity firm Sciens Capital Management, will emerge from bankruptcy at a time of both rising sales and increasing pressure for...

  • BERLIN, Dec 15- Volkswagen will cut about 600 temporary jobs next year at a factory in Zwickau, Germany, as it seeks to cut costs in the wake of the emission tests scandal, labor representatives said on Tuesday. "We must now adapt to a new situation in which job protection will become more important again than the creation of further employment," said Jens Rothe, head of...

  • LONDON, Dec 14- Royal Dutch Shell expects to slash thousands more jobs to save costs if its takeover of BG Group goes through as planned early next year following a final green light from China. The acquisition, which was announced on April 8 and is biggest in the sector in a decade, has been cleared by China's Ministry of Commerce, Shell said on Monday, after earlier...

  • NEW YORK/ HOUSTON, Dec 14- Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11- year lows, pressuring energy companies to slash debt or file for bankruptcy. Another three law firms have re-jigged staff for the new work, and other restructuring advisors have partnered...

  • *Will trim 150 billion euros in assets by 2020. AMSTERDAM, Dec 9- Dutch cooperative bank Rabobank plans to lay off nearly a fifth of its workforce to boost profit and prepare for tougher European banking guidelines, it said on Wednesday. The bank said it would shed 9,000 of its 47,000 staff by 2018 and would cut 150 billion euros worth of assets from its balance sheet...

  • AMSTERDAM, Dec 9- Dutch lender Rabobank said on Wednesday it will trim 9,000 jobs, or 19 percent of its workforce, by 2018 and as it seeks to lift profits and prepare for tougher European banking guidelines.

  • HELSINKI, Dec 9- Rovio Entertainment Ltd, the maker of hit mobile phone game Angry Birds, has its eye on an eventual merger or acquisition following its restructuring this year, Kaj Hed, the Finnish firm's chairman and biggest shareholder said on Wednesday. "There is a clear need for some consolidation to take place here, and that is something I'm interested in," Kaj...

  • Dec 4- Barclays Plc plans to cut more jobs in its investment banking unit, a source familiar with the matter said, as the British bank steps up efforts to slash costs and boost profit. Bloomberg reported earlier in the day that Barclays would cut 20 percent more investment banking jobs, citing the bank's Chief Executive Jes Staley. Barclays is midway through a...

  • November layoffs hit 14-month low

    The decline in layoffs last month could be the calm before the December storm.

  • Dec 3- Video-conferencing equipment maker Polycom Inc said it would cut about 11 percent of its workforce. The company also said on Thursday that it would reduce or eliminate some leased facilities and close its Israel office. Polycom said it would incur $22 million- $25 million in charges related to the job cuts and restructuring in the fourth quarter of 2016..

  • Employers cut 30,953 jobs in November: Challenger

    Breaking news on layoffs and unemployment from Challenger, Gray & Christmas.

  • HONG KONG, Dec 3- Standard Chartered PLC has shut its renminbi solutions group in the United States and Europe, according to a person with knowledge of the matter, as part of major restructuring that has forced the lender to take an axe to one of the industry's fast-growing businesses. "RMB business is one of the top priorities for Standard Chartered as recently...

  • HONG KONG, Dec 3- Standard Chartered has shut its renminbi solutions group in the United States and Europe, according to a source with direct knowledge of the matter, as part of a major restructuring that has forced the lender to take an axe to a fast-growing business in the industry. In a landmark move this week, The International Monetary Fund admitted China's...

  • Dec 2- Workers at Iamgold Corp's Rosebel gold mine in Suriname have gone on strike over the company laying off about 10 percent of the mine's employees, Iamgold said on Wednesday. Iamgold announced the lay offs in October as part of efforts to reduce costs at Rosebel. Iamgold said it still expects Rosebel to produce between 290,000 and 300,000 ounces of gold this...