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Business Events Layoffs

  • People walk along the sidewalk in the rain on Christmas Eve on December 24, 2014 in New York City.

    Retail's transformation is hollowing out shopping malls, bankrupting brands and leading to staggering job losses, The NY Times reports.

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • SIENA, Italy, April 12- Monte dei Paschi di Siena is still negotiating with the European Commission how many jobs to cut in a radical restructuring plan that is a condition for a state rescue of the Italian bank, Chief Executive Marco Morelli said on Wednesday. The European Central Bank has since put the capital shortfall that the bank must fill at 8.8 billion euros.

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • WASHINGTON, April 7- U.S. job growth slowed sharply in March amid continued layoffs in the retail sector, but a drop in the unemployment rate to a near 10- year low of 4.5 percent suggested the labor market was still tightening. Nonfarm payrolls increased by 98,000 jobs last month, the fewest since last May, Labor Department said on Friday. If you look at the...

  • BUENOS AIRES/ LONDON, April 6- Archer Daniels Midland Co is restructuring its operations in Argentina in a move that will include job losses as part of a wider shake-up at the U.S. agribusiness group, three sources familiar with the plans said this week. In the latest development, ADM late last month shuttered its Toepfer grains trading unit, which had been based...

  • Woman waits to have her resume looked at during the Choice Career Fairs job fair in Arlington, Virginia, U.S., on Thursday, June 6, 2013.

    That's a big drop, says CNBC's Rick Santelli breaking down the latest numbers on unemployment.

  • Construction workers build a single family home in San Diego.

    John Challenger, Challenger, Gray & Christmas, breaks down the latest data on labor.

  • BERLIN, April 4- Commerzbank AG, Germany's second-largest bank, has informed its works council that 7,800 jobs will be cut in Germany as part of a restructuring announced last year, the Handelsblatt newspaper reported on Tuesday. Citing an internal document from the works council, Handelsblatt said the cuts would affect almost every part of the bank and said...

  • April 4- Ralph Lauren Corp said on Tuesday it would cut jobs and shut its flagship Polo store on Fifth Avenue in New York City, among other office and store locations, as part of a cost-cutting plan. The New York- based retailer also said on Tuesday that it would integrate its products from the Fifth Avenue store into the Ralph Lauren men's and women's flagship stores...

  • April 4- Ralph Lauren Corp said on Tuesday it would cut jobs and shutter some office and store locations, including its flagship Polo store on Fifth Avenue, New York City, as part of a cost-cutting plan.

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • MONTREAL/QUEBEC CITY, March 30- Bombardier Inc should reflect on pay raises of up to 50 percent for its senior executives in light of a public backlash over company layoffs of thousands of employees, Quebec's economy minister said on Thursday. Total compensation for the Canadian plane and train maker's top five executives and board chairman rose to $32.7...

  • Merrill Lynch is trimming its wealth management division

    Merrill Lynch Wealth Management is revamping its leadership structure.

  • March 29- Amazon.com Inc plans to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring, it said in a notice filed with New Jersey on Wednesday. The New Jersey- based subsidiary operates Diapers.com, Soap.com and other websites. Amazon's stock briefly hit a record high of $876.44 before closing at $874.32.

  • March 29- Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday. The e-commerce giant plans to terminate 263 employees in New Jersey this summer, according to a notice filed with the state's Department of...

  • STOCKHOLM, March 28- An attempt by Ericsson's new chief executive to lay out his strategy for the Swedish telecoms equipment maker backfired on Tuesday when it exposed problems related to some of its main contracts. Chief Executive Borje Ekholm, who took charge only in January, announced up to $1.7 billion in provisions, writedowns and restructuring costs to be...