Business Events Layoffs

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  • *Perrigo to cut 800 jobs, or 6 pct of workforce. Oct 22- Perrigo Co Plc said it would lay off 6 percent of its global workforce and buy back shares worth $2 billion to boost earnings, as the generic drug maker looks to convince investors to rebuff Mylan NV's hostile bid. Mylan, which first made a bid for Perrigo in April, went hostile in September, offering $75 in cash and 2.3...

  • CAT CEO: We're in a 'rough patch' Thursday, 22 Oct 2015 | 8:05 AM ET
    CAT CEO: We're in a 'rough patch'

    Doug Oberhelman, Caterpillar chairman & CEO, breaks down the company's quarterly results which missed on both the top and bottom line as the company faces commodity headwinds. Also Oberhelman weighs in on the importance of highway funding.

  • Oct 21- Biogen Inc on Wednesday announced it was cutting 11 percent of its global workforce and eliminating the development of several drugs, including one for lupus, in moves that will reduce operating expenses by about $250 million this year. Wall Street signaled its approval of the belt-tightening, as well as the better-than-expected third-quarter sales...

  • *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 cuts 11% of workforce in restructuring Wednesday, 21 Oct 2015 | 8:04 AM ET
    A worker in a Biogen lab.

    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 axes key executives Monday, 19 Oct 2015 | 7:00 AM ET
    Deutsche Bank axes key executives

    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 cuts 255 jobs in restructuring plan Tuesday, 13 Oct 2015 | 5:20 PM ET
    A shopper loads purchases into his vehicle outside a Dollar General Corp. store in Princeton, Illinois.

    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 cutting 8 percent of global workforce Tuesday, 13 Oct 2015 | 9:00 AM ET
    Twitter cutting 8 percent of global workforce

    Twitter is slashing up to 336 jobs, or about 8% of its global workforce one week after Jack Dorsey was named permanent CEO.

  • Twitter, Snapchat announce layoffs Tuesday, 13 Oct 2015 | 8:59 AM ET
    Silhouette of man against Twitter logo

    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...

  • Twitter to cut up to 8 pct of global workforce Tuesday, 13 Oct 2015 | 8:39 AM ET

    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.

  • Twitter cuts 336 jobs or 8% of workforce Tuesday, 13 Oct 2015 | 6:00 AM ET
    Twitter cuts 336 jobs or 8% of workforce

    CNBC's Becky Quick reports on layoffs at social media's Twitter.