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  • LOS ANGELES, April 3- Nine months into a minimum wage hike at some Los Angeles hotels, city leaders and other backers of the move are claiming victory, saying doomsday forecasts from hoteliers have proven unfounded. "There have not been the wholesale layoffs or cutbacks that we were told would occur," said Los Angeles City Councilman Curren Price, who co-authored...

  • RIO DE JANEIRO, April 1- Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday it will launch a voluntary layoff program to cut an estimated 12,000 jobs in a bid to save up to 33 billion reais by 2020.. Under the plan, employees will be offered between around 212,000 reais and 706,000 reais to take redundancy, Deyvid Bacelar, the Petrobras...

  • BRASILIA, April 1- Executives of Brazil's state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais by 2020, the company said in a statement on Friday. Petrobras plans to slash its five-year investment plan by about one-fifth to about $80 billion in the 2016-20 period, an average of...

  • Banking jobs in jeopardy?

    Martin Wolf of the Financial Times, discusses how advances in banking technology could prompt huge layoff in the industry. Also Wolf shares his thoughts on the "Brexit" debate.

  • *Weekly jobless claims increase 11,000. WASHINGTON, March 31- The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strong labor market. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 276,000 for the week ended March 26, the Labor...

  • March 31- Peabody Energy Corp, the largest U.S. coal producer, said it would lay off about 235 employees at a mine in the Powder River basin, two weeks after the company flagged bankruptcy risk. The reductions affect about 15 percent of the workforce at the North Antelope Rochelle mine in the basin straddling Montana and Wyoming, the company said on Thursday.

  • A floor hand for Raven Drilling, pauses while drilling for oil in the Bakken shale formation outside Watford City, N.D.

    U.S. employers announced fewer layoffs in March than during the previous month, but job cuts in the first quarter, the Challenger jobs report says.

  • March 31- Peabody Energy Corp, the largest U.S. coal producer, said it would lay off about 235 employees at a mine in the Powder River basin, two weeks after the company flagged bankruptcy risk. The reductions affect about 15 percent of the workforce at the North Antelope Rochelle mine in the basin which straddles Montana and Wyoming, the company said on Thursday.

  • March 30- Global asset manager BlackRock Inc is planning to cut about 400 jobs, or 3 percent of its workforce, as it redirects resources to growth areas, a person familiar with the matter said on Wednesday. The New York- based company employed about 13,000 people globally as of Dec. 31. BlackRock Chief Executive Larry Fink said in January that while financial markets...

  • March 30- BlackRock Inc, the world's largest asset manager, is planning to cut about 400 jobs, or 3 percent of its workforce, Bloomberg reported, citing people with knowledge of the matter. The layoffs will be announced in the coming weeks, but the firm will continue to hire in key areas and expects to end the year with a higher headcount, Bloomberg reported.

  • March 30- Boeing Co plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus. "There is no employment reduction target," spokesman Doug Alder said. The job reductions are part of a broad...

  • Boeing to cut 4k jobs

    The planemaker will reduce its workforce in its commercial airplanes business.

  • The planemaker will reduce 1,600 positions in the commercial airplanes division through voluntary layoffs, while the rest of the cuts are expected to be completed by leaving open positions unfilled, spokesman Doug Alder said. Boeing will also cut about 10 percent of the approximately 5,700 jobs in its test and evaluation division, which conducts flight and...

  • The planemaker will reduce 1,600 positions through voluntary layoffs, while the rest are expected to be done by leaving open positions unfilled, spokesman Doug Alder said. In February, Ray Conner, chief executive of Boeing's airplane business, warned employees that job cuts were necessary to "win in the market, fund our growth and operate as a healthy business."

  • Chinese laborers repair an oil pumping unit at Huabei oil field.

    PetroChina is “substantially overstaffed,” said Bernstein’s senior oil and gas analyst, Neil Beveridge.

  • March 23- The Oklahoma City Public Schools District will eliminate 208 classroom teaching positions to help grapple with a $30 million revenue shortfall, the district's top official said on Wednesday. Eliminating the teaching positions will save the state's largest school district roughly $8 million, Superintendent Rob Neu said in a memo to teachers.

  • LONDON, March 23- Credit Suisse's announcement on Wednesday that it will lay off thousands more employees from its trading operations shows how much ground Europe's big banks are losing to U.S. rivals in financial market trading. Last year, European banks grossed $26 billion from FICC while the U.S. banks made $43 billion, the data showed, meaning Europe's 26...

  • Credit Suisse to cut another 2K jobs

    The Swiss banking giant ups its cost cutting efforts amid challenging market conditions.

  • *Net inflows in Asia-Pacific, wealth management, universal bank. ZURICH, March 23- Credit Suisse Group on Wednesday announced 800 million Swiss francs in additional cost cuts and plans to shrink its investment bank further as it spurs a restructuring plan aimed at revitalising its earnings. The cuts include eliminating 2,000 jobs at its Global Markets...

  • Credit Suisse branch in Geneva, Switzerland.

    Credit Suisse Group is stepping up cost cuts including eliminating 2,000 jobs at its Global Markets business.