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  • 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.

  • SAN JUAN/ NEW YORK, Sept 9- Puerto Rico officials proposed cuts to teacher pensions, a new financial control board and restructuring $18 billion of debt due in the coming five years, as part of a long-anticipated plan unveiled on Wednesday to pull the island out of a wrenching fiscal crisis. Even with sweeping spending cuts, Puerto Rico needs concessions from...

  • Lockheed to lay off 500 in IT, govt services: Source Wednesday, 9 Sep 2015 | 7:42 AM ET

    Lockheed will announce plans to lay off about 500 people across its information systems and government services division.

  • *Toshiba overstated profits by $1.3 bln going back to 2008/ 09. TOKYO, Sept 7- Japan's Toshiba Corp booked a net loss for the past financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal. Shares in Toshiba rose 1.8 percent on Monday, but they are still down around 30 percent since its accounting...

  • August job cuts plunge 60% Thursday, 3 Sep 2015 | 7:30 AM ET
    August job cuts plunge 60%

    Layoffs were down last month, says John Challenger, Challenger CEO, parsing the latest employment numbers and providing a preview of Friday's job report.

  • SANTIAGO, Sept 2- Arizona- based mining company Freeport-McMoRan Inc said on Wednesday it was dismissing some 650 workers at its El Abra copper mine in Chile and partially suspending operations at the complex until mid-September as it cuts mining rates in half. Last week, Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first...