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
*Platinum's prospects now as poor as gold. *Platinum price less than half 2008 peak. Platinum producers Lonmin and Anglo American Platinum are also planning to cut jobs and the government has held meetings with companies and unions to try and prevent widespread lay-offs.
Biogen says it's cutting about 11 percent of its workforce and ending some development programs in a restructuring aimed to save $250 million a year.
*Lonmin proposes rights issue exceeding market cap. JOHANNESBURG, Oct 21- Platinum producer Lonmin plans a $400 million rights issue of new shares and will proceed with a planned restructuring to cut 6,000 jobs in the face of depressed prices, it said on Wednesday. Lonmin also announced that it had cut its capital expenditure for the year to Sept. 30 to $136 million...
Oct 20- Motorcycle manufacturer Harley-Davidson Inc. on Tuesday posted lower quarterly earnings, reduced profit guidance and said it planned to eliminate jobs, sending the company's shares to a two-year low. Harley-Davidson said it plans to incur a one-time charge of $30 million to $35 million in the fourth quarter for a reorganization and job cuts which...
Oct 20- Harley-Davidson Inc. said on Tuesday it would chop jobs to help fund increased spending on marketing and product development as it posted a lower quarterly net profit due to weaker global sales. The company said it plans to incur a one-time charge of $30 million to $35 million in the fourth quarter for reorganization costs and job cuts.
Deutsche Bank announced plans to restructure its business and the reorganize key executives.
TORONTO/ NEW YORK, Oct 17- Toronto-Dominion Bank has begun laying off staff in Canada and the United States as part of a company-wide initiative to cut costs, according to two sources familiar with the matter. TD, Canada's biggest lender by assets, started the process by hiring Boston Consulting Group to examine ways to drive efficiencies, the sources said.
TORONTO- DOMINION BANK HAS BEGUN LAYING OFF STAFF IN CANADA AND THE UNITED STATES- SOURCES.
TD BANK LAYOFFS FOLLOW REVIEW BY BOSTON CONSULTING GROUP- SOURCES.
PARIS, Oct 15- Air France-KLM's plans to cut jobs and flights can still be avoided if negotiations between managers and unions progress, the airline's board said on Thursday. "The 2017 activity-reduction plan can still be avoided if negotiations conclude quickly," Air France-KLM's board said in a statement to Reuters. The French government owns 17.6 percent of...
Dollar General announced on Tuesday that it would be eliminating roughly 255 positions as part of a broader corporate restructuring plan.
*Expects about $10 mln- $20 mln severance costs. Oct 13- Twitter Inc will lay off up to 336 employees, or about 8 percent of its workforce, as co-founder Jack Dorsey readies to revive growth in the microblogging service provider's user base in his second stint as chief executive. FBN Securities analyst Shebly Seyrafi, however, said the company needed to focus also on "...
Twitter is slashing up to 336 jobs, or about 8% of its global workforce one week after Jack Dorsey was named permanent CEO.
Twitter and Snapchat said Tuesday they were reducing their workforce.
Oct 13- Twitter Inc said it would lay off up to 336 employees, or cut about 8 percent of its global workforce, as part of an overall plan to streamline operations. The layoffs come about a week after the microblogging service provider appointed its co-founder Jack Dorsey its permanent CEO. Twitter said it expected to incur about $10 million- $20 million in severance...
Oct 13- Twitter Inc said it would lay off up to 336 employees, or cut about 8 percent of its global workforce, as part of an overall plan to streamline operations.
CNBC's Becky Quick reports on layoffs at social media's Twitter.
Oct 9- Twitter Inc is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources. The news comes after Jack Dorsey was appointed permanent chief executive on Monday. "We're not commenting on rumor and speculation," Twitter spokeswoman Natalie Miyake told Reuters.
Oct 9- Twitter Inc is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources. The news comes after Jack Dorsey was appointed permanent chief executive on Monday. It is unclear how many of Twitter's staff will be laid off, but it is likely it will affect most departments, Re/code said, citing company insiders.
Oct 8- A U.S. bankruptcy court approved Patriot Coal's restructuring plan at a hearing on Thursday, including the sale of a major part of its mines and coal reserves to privately held Blackhawk Mining of Lexington, Kentucky. Patriot Coal, based in Scott Depot, West Virginia, filed for bankruptcy in May, its second in three years, listing assets and liabilities of more...