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Business Events Layoffs


  • Kraft Heinz to cut 2,500 jobs in US, Canada Wednesday, 12 Aug 2015 | 8:55 AM ET
    Kraft Macaroni & Cheese and Heinz Tomato Ketchup

    Kraft Heinz said it will cut 2,500 jobs in the U.S. and Canada following the creation of the company through the merger of Heinz and Kraft.

  • McDonald's cuts 225 corporate jobs in July Friday, 7 Aug 2015 | 7:46 AM ET
    Pedestrians walk by a McDonald's location in New York.

    McDonald's said on Thursday it laid off in July 135 employees at its U.S. headquarters and 90 employees posted overseas as part of a restructuring.

  • WASHINGTON, Aug 7- The number of U.S. jobs probably rose at a healthy pace in July and wages likely rebounded in data due on Friday, providing further signs of an improving economy that could allow the Federal Reserve to raise interest rates in September. The Labor Department will release its closely watched employment report on Friday at 8:30 a.m..

  • LOS ANGELES, Aug 6- McDonald's Corp said on Thursday it laid off in July 135 employees at its U.S. headquarters and 90 corporate employees posted overseas as part of a major restructuring at the fast-food chain, which has been fighting to reverse a long sales slump. McDonald's Chief Executive Steve Easterbrook in May announced plans cut $300 million in costs by...

  • US layoffs hit nearly 4-year high in July: Challenger Thursday, 6 Aug 2015 | 7:30 AM ET
    US Marines board a transport aircraft headed to Kandahar, Afghanistan

    Job cuts surged to 105,696 in July as the military announced plans to reduce troop and civilian workforce payrolls.

  • Job cuts soar to highest level in 4 years: Challenger Thursday, 6 Aug 2015 | 7:30 AM ET
    Job cuts soar to highest level in 4 years: Challenger

    John Challenger, Challenger, Gray and Christmas CEO, breaks down the latest jobs numbers and weighs in on what's likely prompting the layoffs.

  • Chevron earnings plummet Friday, 31 Jul 2015 | 10:00 AM ET
    Chevron earnings plummet

    Chevron misses big with Q2 earnings; posts its worst profit in almost 13 years.

  • Sharp powers down its U.S. TV brand Friday, 31 Jul 2015 | 8:00 AM ET
    Sharp powers down its U.S. TV brand

    Sharp quits the U.S. TV market; licenses its Aquos brand to China's Hisense.

  • Shell's profits plunge Thursday, 30 Jul 2015 | 9:00 AM ET
    Shell's profits plunge

    Shell posts a sharp drop in profit; expects a prolonged downturn in oil prices.

  • LONDON, July 30- Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas company also said it was planning more asset disposals alongside its proposed $70 billion acquisition of BG Group,...

  • July 29- Kinross Gold Corp is again considering cutting jobs at its Tasiast gold mine in Mauritania, Chief Executive Officer Paul Rollinson said on Wednesday, as the Canadian miner looks for ways to reduce costs at its higher-cost mines amid sliding metals prices. High costs have dogged Tasiast since its purchase as part of Kinross' $7.1 billion takeover of...

  • Deep cuts for Chevron Wednesday, 29 Jul 2015 | 6:00 AM ET
    Deep cuts for Chevron

    Chevron plans to slash 1,500 jobs to offset slumping crude oil prices.

  • SAO PAULO, July 28- GPA SA posted a quarterly loss on Tuesday as weak sales, stubborn cost inflation and rising interest rates hammered Brazil's biggest retailer. Earlier in the day GPA's appliance unit, Via Varejo SA, said it was closing stores and eyeing acquisitions in response to a 21.8 percent plunge in sales. The group reported that its workforce had dropped...

  • July 28- Chevron Corp, the second-largest U.S. oil company, said on Tuesday it would lay off 1,500 employees, about 2 percent of its global work force, as it trims costs to offset declining crude prices. Nearly all of the layoffs will be in Texas, where the company has expanded in recent years to develop land in the Permian shale formation, and California, where Chevron...

  • July 24- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June last year. Houston- based Schlumberger also said in April that it plans to cut another 11,000 jobs, bringing the total job...

  • July 24- Encana Corp, Canada's No.1 natural gas producer, said it had laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices. Encana's shares fell 10 percent to a 13- year low of C $10.10 after the company reported a bigger-than-expected quarterly loss due to weak production.

  • RIO DE JANEIRO, July 24- Brazilian oil workers began a 24- hour strike on Friday in an effort to stop moves to shrink state-run oil company Petroleo Brasileiro SA, or Petrobras, according to the main union representing the workers. FUP also opposes a bill before Brazil's Senate seeking to strip Petrobras of its right to run all new development work in a giant...

  • UPDATE 1-Qualcomm says may split itself, cut jobs Wednesday, 22 Jul 2015 | 4:44 PM ET

    Qualcomm's shares fell about 1 percent at $63.50 in after-market trading on Wednesday. The chipmaker, which has about 30,000 employees worldwide, also said it had agreed with Jana Partners to add two of the hedge fund's nominees to Qualcomm's board. Qualcomm, which makes software and chips used in smartphones, tablets and gaming devices, is known for its...

  • July 21- Printer maker Lexmark International Inc said it would cut jobs to offset costs resulting from recent acquisitions as part of efforts to focus on software and services. Lexmark and larger rivals such as Hewlett-Packard Co and Xerox Corp are pushing into high-value software and services business as companies reduce printing to cut costs and...

  • July 21- Printer maker Lexmark International Inc forecast third-quarter profit well below Wall Street's estimates and said it would cut about 500 jobs as it absorbs recently acquired businesses. Lexmark said the restructuring is expected to generate $2 million savings in 2015 and annualized savings of $65 million beginning in 2017..