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Business Events Layoffs

  • BUENOS AIRES, March 7- Workers represented by Argentina's main labor union gathered on the streets of Buenos Aires on Tuesday to protest job cuts and pay raises that have not kept up with inflation, challenging the government seven months ahead of key congressional elections. Mauricio Macri became Argentina's president in late 2015, vowing to jumpstart the...

  • BUENOS AIRES, March 7- Workers represented by Argentina's main labor union gathered on the streets of Buenos Aires on Tuesday to protest job cuts and pay raises that have not kept up with inflation, challenging the government seven months ahead of key congressional elections. The one-day picket, which attracted tens of thousands of workers, was the first march...

  • ESPN to lay off some reporters, anchors -Source

    CNBC's Julia Boorstin reports that sports media giant EPSN is set to lay off some forward-facing talent.

  • WASHINGTON, March 6- General Motors Co said on Monday it will lay off 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee. The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month, GM spokesman Tom Wickham said in an emailed statement.

  • WASHINGTON, March 6- General Motors Co said Monday it will layoff 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee. The largest U.S. automaker last year added 800 jobs at its Spring Hill, Tennessee plant to build a new version of the GMC Acadia SUV. The Lansing plant will continue to build...

  • GENERAL MOTORS SAYS WILL LAY OFF 1,100 WORKERS AT A LANSING, MICHIGAN ASSEMBLY PLANT IN MAY AS RESULT OF PRODUCTION SHIFT.

  • SEATTLE, March 2- Boeing Co has accepted 1,880 voluntary layoffs from its union machinists and engineers in the Seattle area, the unions said on Thursday, part of the jet maker's drive to cut costs through job reductions and other measures. Last year, Boeing cut about 1,200 white-collar union jobs- 850 through voluntary layoffs and 350 through involuntary...

  • March 2- Boeing Co has accepted slightly more than 1,500 voluntary layoffs from its machinists in the Seattle area, the union said on Thursday, part of the jet maker's drive to cut costs through job reductions and other measures. "These are all voluntary, where people planned to retire or had other plans," said Connie Kelliher, a spokeswoman for the International...

  • March 2- Boeing Co is planning 1,500 voluntary job cuts as part of a layoff program to reduce costs at its commercial airplane unit, the Wall Street Journal reported on Thursday, citing the company's main unions. Employees were notified this week that the International Association of Machinists and Aerospace Workers union said it didn't know if this met...

  • March 1- PepsiCo Inc said on Wednesday it would cut 80 to 100 jobs in Philadelphia as the city's new sugar-sweetened beverage tax hurts demand for its products. Philadelphia imposed a tax of 1.5 cent per ounce on sugary and diet drinks to combat rising obesity and diabetes in the city. PepsiCo's beverage sales fell 40 percent in the city because of the tax, company...

  • BOSTON, March 1- State Street Corp., one of the world's biggest players in the business of restructuring investment portfolios, is shutting its transition management operations in London and Hong Kong and eliminating 20 jobs. Boston-headquartered State Street does not say how many people work in transition management worldwide, noting only that 2,300...

  • SAN FRANCISCO, Feb 28- The University of California, San Francisco on Tuesday laid off 49 information technology employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The University of California system, which includes health care and research-focused UCSF, has been...

  • PUERTO RICO PLAN WILL CUT SPENDING BY $1.6 BLN/ YEAR WITHOUT LAYOFFS, PARTLY THROUGH CUTTING SUBSIDIES TO MUNICIPALITIES, CUTTING SOME TAX INCENTIVES- ROSSELLO.

  • BOSTON, Feb 27- Fidelity Investments plans to offer voluntary buyouts to employees who are 55 years or older, and who have worked for the Boston- based fund firm at least 10 years, a company executive said on Monday. For instance it recently described plans to lay off 100 employees who work near Dallas, while adding 135 new workers in Albuquerque, New Mexico, according...

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell as much as 5 percent on Friday as the British bank said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5 percent.

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell four percent on Friday as the British lender said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5 percent.

  • HONG KONG/ LONDON, Feb 21- Annual profit at HSBC Holdings slumped 62 percent and fell far short of analysts' estimates as Europe's largest bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015, underscoring the challenge the bank...

  • HONG KONG/ LONDON, Feb 21- HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from its restructuring, sending its Hong Kong shares down 3.5 percent. The 2016 profit reflected a $3.2 billion impairment of goodwill in its global private banking business in Europe...

  • JAKARTA, Feb 20- Freeport McMoRan Inc's chief executive said on Monday the company's Indonesian unit has made its first lay-offs since a dispute over its mining contract started with the Indonesian government and may let go of more workers this week. Richard Adkerson told a news conference in Jakarta that about 10 percent of the expatriate workforce had been...

  • PARIS/ LONDON, Feb 18- The chief executive of Peugeot manufacturer PSA Group will meet British Prime Minister Theresa May to discuss his firm's planned acquisition of General Motors' Opel and Vauxhall operations, a government spokesman said on Saturday. Both Britain and Germany fear PSA will cut jobs if the takeover goes ahead, and British politicians are...