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Business Events Layoffs

  • Harold Hamm, chief executive officer of Continental Resources Inc., speaks during the Republican National Convention (RNC) in Cleveland, Ohio, U.S., on Wednesday, July 20, 2016.

    The CEO talks about turmoil in Qatar, the price of natural gas and oil, and American natural gas exports to Northern and Central Europe.

  • *Swiss banks used London as springboard to EU. The cutbacks come as the bank's Zurich neighbor UBS, the world's largest private bank, also considers moving hundreds of staff out of London as Britain prepares to embark on divorce talks with the European Union. For Credit Suisse, the job cuts, which will take its London staff to roughly 5,000, is part of a paring down of...

  • *New loan includes previously borrowed 80 mln euros. ZAGREB, June 8- Indebted Croatian food group Agrokor has secured a 480 million euro loan, a government-appointed restructuring expert said on Thursday, giving a boost to his efforts to stabilise the biggest private sector employer in the Balkans. Ante Ramljak said the money was arranged by bondholders led by...

  • ZAGREB, June 8- Indebted Croatian food group Agrokor has secured a 480 million euro loan, a government-appointed restructuring expert said on Thursday, giving a boost to his efforts to stabilise the biggest private sector employer in the Balkans. Ante Ramljak said the money was arranged by bondholders led by Knighthead Capital Management and domestic banks,...

  • *Swiss banks used London as springboard to EU. The cutbacks come as the bank's Zurich neighbour UBS, the world's largest private bank, also considers moving hundreds of staff out of London as Britain prepares to embark on divorce talks with the European Union. For Credit Suisse, the job cuts, which will take its London staff to roughly 5,000, is part of a paring down...

  • SEATTLE, June 8- Boeing Co is streamlining its aircraft production systems at its largest factory, trying to cut costs to compete with rival Airbus and chip away at the near- $30 billion deficit created by its 787 Dreamliner. It poured $1 billion into erecting a 27- acre factory to make carbon composite wings for its forthcoming 777 X widebody jet.

  • Tim Armstrong at the 2016 Sun Valley conference in Sun Valley, Idaho.

    As the troubled deal is finally culminated, Recode reports that it’s time for cuts.

  • TOKYO, June 7- Japan Display Inc is considering restructuring beyond cutting jobs and consolidating production, a person familiar with the matter said on Wednesday, as its late entry into OLED technology caused loss of business with Apple Inc.. Earlier in the day, Japan's Nikkei business daily reported the firm was looking at capital and business tie-ups, and...

  • TOKYO, June 7- Japan Display Inc is considering a deeper restructuring than it first announced, including seeking outside financial help, as its late entry into OLED technology has caused the loss of business with Apple Inc, the Nikkei business daily reported on Wednesday. Japan Display shares climbed 11 percent following the report of the latest possible...

  • More than 20 employees fired at Uber in sexual harassment investigation

    Uber has reportedly fired at least 20 employees as part of a sexual harassment investigation.

  • WASHINGTON, June 1- U.S. private employers stepped up hiring in May, signaling that the labor market was rapidly tightening amid a firming economy, which could encourage the Federal Reserve to raise interest rates later this month. Claims for eight states, including California, had to be estimated. "The report suggests tomorrow's jobs report will support a June...

  • TORONTO, May 25- Freeport McMoRan Inc said on Thursday that mining and milling rates at its Grasberg copper mine in Papua, Indonesia have been affected as some 9,000 workers stage an extended strike, and a "large number" of approximately 4,000 absentee workers were deemed to have resigned. Escalating tensions with workers is a further disruption for Freeport,...

  • WASHINGTON, May 25- The number of Americans filing for unemployment benefits rose slightly last week and the four-week moving average of claims hit a 44- year low, suggesting a further tightening of the labor market that could encourage the Federal Reserve to raise interest rates next month. "Businesses are wisely hoarding labor and not laying off workers...

  • May 24- General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. GM International- which oversees markets such as India, Southeast Asia, and South Korea, among others- will reduce its staff to about 50 from 180 by the year end, according to a person with...

  • *New CEO to take the helm from July 1. OSLO, May 24- Oslo- listed rig firm Seadrill named a new chief executive from within its own ranks on Wednesday and said its talks to restructure $14 billion of debt and liabilities had reached an advanced stage. Anton Dibowitz, current chief commercial officer, will take the top job from July 1, succeeding Per Wullf who will remain a...

  • KCG HOLDINGS INC ETF SALES SPECIALIST CHRIS HEMPSTEAD LET GO AS PART OF LAYOFFS AT COMPANY- SOURCE.

  • *LeEco to cut 325 U.S. jobs, about 70 pct of total. *Cuts part of strategy to refocus on domestic market. TAIPEI/ HONG KONG, May 24- Chinese TV and smartphone vendor LeEco said it will cut over 300 jobs at its U.S. business, amounting to almost three-quarters of its local workforce, as the cash-strapped conglomerate streamlines global operations in response to a shortage...

  • HONG KONG, May 24- Chinese TV and smartphone vendor LeEco said it will lay off 325 employees in the United States as the sprawling, cash-strapped conglomerate scales back operations in the country and focuses mainly on Chinese-American consumers. She declined to comment further on the size of the remaining headcount, but said most employees would be based in...

  • *Staff cuts to made at Hong Kong headquarters. SYDNEY/ SHANGHAI, May 22- Cathay Pacific Airways Ltd said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices. In addition to cheaper tickets- the result of low fuel prices that led airlines to...

  • *Moon yet to spell out reform agenda. * "Chaebol sniper" named head of regulatory agency. SEOUL, May 21- A South Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae- in took office vowing to reform the family-run conglomerates that dominate the economy.