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Business Events Layoffs

  • SANTIAGO, March 9- SunPower Corp has put a large solar plant in Chile up for sale, according to two sources with knowledge of process, as the second largest U.S. solar panel maker seeks to cut costs across the globe. It was not clear how much equity SunPower had invested in the project, though solar projects in Chile typically require a 30-45 percent equity stake.

  • WASHINGTON, March 9- The number of Americans filing for unemployment benefits last week rebounded from a near 44- year low, but the labor market continues to tighten amid a sharp drop in job cuts in February. Initial claims for state unemployment benefits rose 20,000 to a seasonally adjusted 243,000 for the week ended March 4, the Labor Department said on...

  • WASHINGTON, March 9- The number of Americans filing for unemployment benefits last week rebounded from a near 44- year low, but the labor market continues to tighten amid a sharp drop in job cuts in February. Initial claims for state unemployment benefits rose 20,000 to a seasonally adjusted 243,000 for the week ended March 4, the Labor Department said on...

  • March 9- Wells Fargo& Co has taken further steps to restructure its retail banking business, demoting some senior executives within the bank, the Wall Street Journal reported on Thursday, citing employees and memos. Mary Mack, who took over the retail banking unit in July, wrote in a memo on Tuesday that she was reorganizing groups within the business to expand its...

  • Number of layoffs fall 19% last month: Report

    Andy Challenger, Challenger, Gray & Christmas, sifts through the latest data on jobs in America.

  • By Shu Zhang and Matthew Miller. BEIJING, March 8- A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing to tackle a corporate debt burden that has ballooned to $17.9 trillion. Loss-making Feicheng Mining Group struck the deal last December with 10 banks, led by...

  • 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...