ALBANY, N.Y.— Alcoa has backed off a plan to eliminate hundreds of jobs at its smelting operations in northern New York after the state agreed to a series of incentives, Gov. Charles Schumer, both Democrats, negotiated the deal after Pittsburgh- based Alcoa announced the plant's closure earlier this month. "The Alcoa jobs are safe and they're going to stay right here...» Read More
WASHINGTON, June 2- Sikorsky Aircraft said a major restructuring announced Tuesday is "completely unrelated" to an ongoing review by its parent company, United Technologies Corp, about strategic options for Sikorsky, including a possible spinoff. "Today's announcement is based on the current challenging market conditions and is independent of United...
JPMorgan Chase will cut about 5,000 jobs over the next year, as the bank closes branches and slims down operations, The Wall Street Journal reported.
The JPMorgan Chase layoffs come as the bank has moved to put more of an emphasis on technology and rely less on human tellers.
U.S.-based employers announced the highest workforce reductions last month since May 2012.
The pace of job cuts in the United States slowed significantly in March following two consecutive months of downsizing in excess of 50,000 positions.
Tesla Motors said it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target.
John Challenger, Challenger CEO, provides the latest read on layoffs and unemployment. According to the most recent numbers, 38% of all cuts this year are coming from the energy sector.
Target plans to lay off about 720 people as the retailer winds down its operations in Canada.
Employers cut 53,041 jobs in January, led by energy sector layoffs, Challenger, Gray & Christmas reported.
Weatherford plans to cut 5,000 jobs by the end of the first quarter as it tries to save costs amid sinking oil prices and budget cuts.
HOUSTON— Oil services company Baker Hughes Inc. will lay off about 7,000 workers as it prepares for a downturn in orders because of the plunge in crude prices, the company said Tuesday. The layoffs represent about an 11 percent cut to the 62,000- plus workers Baker Hughes says it employs worldwide. Oil services rival Halliburton had announced in November it...
Baker Hughes and Halliburton posted better-than-expected profits, but warned that a drop in drilling due to weak oil prices would hurt results in 2015.
Here are 7 ways market leaders stay ahead of the competition — and ahead of the curve.
The number of planned layoffs by U.S. employers fell 9.2 percent in December, capping off a year that saw the fewest job cuts since 1997.
Few people are more eager to see the clock strike midnight on Dec. 31 than Atlantic City casino workers who still have jobs there.
Higher wages and a war for talent are on the horizon as companies compete for a shrinking pool of skilled labor, John Challenger says.
The number of planned layoffs by U.S. employers surged nearly 70 percent in October, according to a report by Challenger, Gray & Christmas.
Target will shutter 11 stores in the US, more than it has closed in the last two years combined.
HBO is planning to lay off over 150 employees beginning as early as this week, Variety reports.
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.