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Business Events Layoffs

  • WASHINGTON, April 26- The U.S. Congress inched toward a deal to fund the government through September but was preparing to possibly extend a midnight Friday deadline in order to wrap up negotiations and avoid an imminent government shutdown. The one-week extension would give leading Republicans and Democrats "a little breathing room" to finish their...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • ESPN's new direction is resulting in layoffs

    ESPN's attempt to evolve its content for a multi-platform audience will come with layoffs.

  • LONDON, April 26- Prime Minister Theresa May said on Wednesday her government was talking to Nestle after the Swiss-based company announced plans to cut almost 300 jobs in Britain, a move she said was not connected to Brexit. Nestle said on Tuesday that the 298 proposed cuts were being made at four sites in northern England and Scotland, where it wants to...

  • *Q1 operating loss 12.3 bln SEK vs forecast 12 bln. LONDON/ STOCKHOLM, April 25- Mobile telecom equipment maker Ericsson faces a long and painful overhaul after shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday. The Swedish company, which is seeking to reposition the business for growth under new...

  • ROME/ MILAN, April 24- Workers in loss-making Italian airline Alitalia rejected a management restructuring plan to cut jobs and salaries on Monday, betting that the government will be asked to call in an administrator to draft an alternative rescue plan. The flag carrier, owned 49 percent by Abu Dhabi- based Etihad Airways, has been bailed out repeatedly by...

  • MUMBAI, April 24- Boutique investment bank Moelis& Co plans to expand in India where it believes economic growth and corporate restructuring will prolong a boom in dealmaking, the head of its local business said on Monday. Moelis, which set up shop in India in 2012, currently has a team of 14 bankers. The relatively low investment banking fee pool in India has...

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • April 20- Motorcycle maker Harley-Davidson Inc said on Thursday it will lay off 118 workers at its York, Pennsylvania, plant and shift employment to Kansas City, Missouri. The company said it told employees in November 2015 of plans to shift production of Harley-Davidson Cruisers from the Pennsylvania plant to Kansas City starting in the 2018 model year.

  • NEW YORK, April 17- Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit, according to a source and a memo seen by Reuters. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing...

  • NEW YORK, April 17- Boeing Co warned employees on Monday that it plans another round of involuntary layoffs that will affect hundreds of engineers, according to a source and a memo seen by Reuters. The layoffs are set to start June 23, and follow a prior involuntary reduction of 245 workers set for May 19, according to the memo from John Hamilton, vice president of...

  • 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...