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  • Caterpillar may cut up to 10,000 jobs through 2018 Thursday, 24 Sep 2015 | 9:16 AM ET

    Sept 24- Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of its restructuring and cost reduction plans to save up to $1.5 billion annually. The company said on Thursday that it would cut 4,000-5,000 jobs by the end of 2016, most of them in 2015.. Caterpillar had 114,233 employees as of Dec. 31, according to Thomson Reuters data.

  • Caterpillar announces layoffs, cost cutting Thursday, 24 Sep 2015 | 9:05 AM ET
    The CAT logo is displayed on Caterpillar construction equipment.

    CNBC's Jim Cramer, and David Faber, discuss pressure at Caterpillar

  • SEATTLE, Sept 22- Boeing Co Chief Executive Dennis Muilenburg said on Tuesday he sees scope for additional 737 work going to China as the company continues to increase production rates of the single-aisle jetliner, though any changes would not come at the expense of U.S. jobs. "As we ramp up capabilities in China, including additional 737- related work, the actions...

  • Groupon lays off 10% of its workers Tuesday, 22 Sep 2015 | 8:00 AM ET
    Groupon lays off 10% of its workers

    Groupon said Tuesday that it plans to cut 1,100 jobs globally over the next year as part of a restructuring of its international business.

  • TOKYO, Sept 19- Japan's Mitsubishi Motors Corp has started preparing for the closure of its sole U.S. factory after failing to find a buyer for the high-cost auto plant, the Nikkei business daily reported on Saturday. Mitsubishi Motors could not immediately be reached for comment. Mitsubishi Motors opened the Normal plant in 1988 as a joint venture with...

  • SAO PAULO, Sept 18- Workers at a Volkswagen AG and a Ford Motor Co factory in Brazil have agreed to cut their work hours by a fifth, accepting pay cuts to avoid mass layoffs as the local auto industry struggles through its worst crisis in nearly two decades. The agreement at the Ford plant in São Bernardo, Brazil outside Sao Paulo, Brazil's biggest city, ends an...

  • VW workers approve 20 pct cut to hours at Brazil plant Friday, 18 Sep 2015 | 10:25 AM ET

    SAO PAULO, Sept 18- Workers at a Volkswagen factory in Brazil have agreed to cut their hours by one-fifth, accepting lower pay to avoid mass layoffs as the national auto industry struggles through its worst crisis in nearly two decades. Representatives for Volkswagen AG confirmed that it had reached a PPE deal with the union, pending government approval, at its...

  • *Job cuts hit Zambia, S.Africa, Congo ahead of elections. JOHANNESBURG, Sept 18- When Canada's Barrick Gold said it would close its copper mine in Zambia if the government imposed a sharp hike in mineral royalties, President Edgar Lungu had little choice but to back down to save valuable jobs that keep the country going. Investors in Zambia are now watching the...

  • Qualcomm to slash more than 1,300 jobs in San Diego Friday, 18 Sep 2015 | 8:13 AM ET
    Attendees mingle in the Qualcomm Inc. booth at the 2012 International Consumer Electronics Show in Las Vegas on Jan. 12, 2012.

    Qualcomm is slashing more than 1,300 full-time jobs in San Diego and has cut hundreds more in other states.

  • OTTAWA, Sept 17- The number of Canadians receiving regular unemployment benefits rose in July, including in oil-sensitive Alberta, with increases seen nationally among trade and construction workers, data from Statistics Canada showed on Thursday. In Alberta, where oil companies having been laying off workers in response to the slump in crude prices, the...

  • Whitman: HP layoffs needed as tech changes rapidly Wednesday, 16 Sep 2015 | 9:57 AM ET
    Meg Whitman, chief executive officer of Hewlett-Packard Co.

    Meg Whitman said Wednesday Hewlett-Packard embarked on another round of layoffs in part because the technology market is changing so rapidly.

  • *Sees HP Enterprise 2016 adjusted profit of $1.85- $1.95/ shr. Up to 30,000 of the layoffs will be in the enterprise business and up to 3,300 in HP Inc, the company that will continue to make personal computers and printers, HP said in a regulatory filing on Wednesday. The restructuring will result in pretax charges of about $2.7 billion at HPE and $300 million at HP Inc,...

  • Sept 15- Hewlett-Packard Co said it expects to cut 25,000 to 30,000 jobs as part of its restructuring and cost-saving efforts at it enterprise services business. Hewlett-Packard had about 302,000 employees globally as of Oct. 31, 2014, according to the company's fiscal 2014 report. The enterprise business is expected to report free cash flow of $2.0 billion to...

  • *Shares rise in overall negative market. FRANKFURT, Sept 14- Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday. That would bring the group's workforce down to around 75,000 full-time positions under a...

  • FRANKFURT, Sept 14- Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday. That would bring the group's workforce down to around 75,000 full-time positions under a reorganisation being finalised by new Chief...

  • *China unveiled details on Sunday of how it would restructure its state-owned enterprises, including partial privatisation, as data pointed to a cooling in the world's second-largest economy. *Concerns over the world's major emerging economies, and in particular China, are growing as financial investors reassess the outlook for global growth, the Bank of...

  • Seagate Technology to cut 1,050 jobs worldwide Thursday, 10 Sep 2015 | 9:00 AM ET
    A woman walks past Seagate Technology signage outside the company's headquarters in Scotts Valley, California.

    Hard-disk maker Seagate Technology said it planned to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring program.

  • STX layoffs on the way Thursday, 10 Sep 2015 | 8:00 AM ET
    STX layoffs on the way

    Segate Technology cuts 1,050 jobs worldwide as part of its restructuring program.

  • Sept 10- Hard-disk maker Seagate Technology Plc said it planned to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring program. Seagate, which has about 52,200 employees worldwide, expects to complete the restructuring by the end of the December quarter. To help make up for a declining PC market, Seagate and rival Western Digital Corp are...

  • Seagate to cut 1,050 jobs Thursday, 10 Sep 2015 | 6:23 AM ET

    Sept 10- Hard-disk maker Seagate Technology Plc said it plans to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring plan.