Business Events Layoffs

  • SAO PAULO, Sept 27- Brazil's robusta coffee industry is laying off workers who transport, process and store the commodity in warehouses that are nearly idle two years into the worst drought in eight decades, according to traders and industry executives. At current prices, Brazil's 2016 robusta crop is worth $1.2 billion. Despite a major recovery in arabica...

  • Brian Moynihan, chairman and CEO of Bank of America.

    Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers starting this week.

  • BEIJING, Sept 26- China has launched a 350 billion yuan state enterprise restructuring fund to advance its' supply-side' reforms as the world's second-largest economy undergoes its most significant transformation in two decades. China has made reform of its lumbering and uncompetitive state-owned enterprises a priority as weak global demand drags on...

  • Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia in response to a slowdown in activity in the region.

  • BEIJING, Sept 26- China has launched a 350 billion yuan restructuring fund as the government pushes' supply-side' reforms that have included mergers of inefficient state enterprises and laying off workers in struggling sectors such as coal and steel. The China State-owned Enterprises Restructuring Fund will be managed by the State-owned Assets...

  • LONDON, Sept 23- Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China, where Goldman's main Asian offices are located, they added.

  • GOLDMAN SACHS CUTTING NEARLY 30 PERCENT OF 300 INVESTMENT BANKING JOBS IN ASIA EXCLUDING JAPAN- SOURCES.

  • TOGLIATTI, Russia, Sept 23- Russian carmaker Avtovaz has a civic responsibility to preserve jobs, the company's new chief executive told Reuters, rowing back on a politically sensitive policy of redundancies in the face of plummeting sales and record losses. In his first extended interview with foreign media since majority owners Renault and Nissan put him in...

  • *Ericsson says job cuts to be made worldwide, Sweden not excluded. STOCKHOLM, Sept 22- Mobile telecoms equipment maker Ericsson plans to close the last of its Swedish manufacturing sites as part of planned savings, cutting about 3,000 jobs, Swedish daily Svenska Dagbladet reported. The decision ends 140 years of production in Sweden for the company that began as a...

  • TORONTO, Sept 21- The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure U.S. Steel Canada, which has been in creditor protection since September 2014, and the court supervising the company's credit protection proceeding, Ontario's government said in a statement. Steel Canada's plants in...

  • *U.S. to provide Israel $38 bln in military aid over 10 years. Deal phases out Israel ability to spend 26.3 pct locally. JERUSALEM, Sept 20- Israel's defence industry faces layoffs, closures and a scramble to set up shop in the United States following the signing of a new U.S. military aid package that phases out Israel's ability to spend a quarter of the funds on its own...

  • *U.S. to provide Israel $38 bln in military aid over 10 years. Deal phases out Israel ability to spend 26.3 pct locally. JERUSALEM, Sept 20- Israel's defense industry faces layoffs, closures and a scramble to set up shop in the United States following the signing of a new U.S. military aid package that phases out Israel's ability to spend a quarter of the funds on its own...

  • Sept 19- Twitter Inc said on Monday it would lay off some employees and halt engineering work at one of its development centers in India's technology hub Bengaluru. Twitter said it remained committed to India as a strategic market and would continue to maintain a presence in the city. However, it did not disclose the number of employees it had in India.

  • Sept 19- Twitter Inc said on Monday it would lay off some employees and halt engineering work at one of its development centers in Bengaluru. The company, which also has offices in Mumbai and Delhi, said it would continue to maintain a presence for other operations in the city, which is considered India's technology hub. "Twitter remains committed to India as a...

  • Ray Dalio

    Bridgewater Associates, the world’s largest hedge fund by assets, announces a firm-wide “renovation” that will include employee layoffs.

  • Disney slashes 250 consumer products jobs

    The entertainment company shifts strategy by licensing characters to video-game producers instead of making games itself.

  • ITT's move comes after it said last week it would shut its 137 technical college campuses in 39 states, where roughly 35,000 students are enrolled and 8,000 employees work, as a result of the U.S. Department of Education decision. ITT has hired restructuring consultants Alvarez& Marsal LLC and bankruptcy law firm Faegre Baker Daniels LLP to prepare for the...

  • Disney

    Disney cut 5 percent of its consumer products and digital media staff, the latest in a series of belt-tightening moves by the entertainment giant.

  • NEW YORK, Sept 9- U.S. oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the renewable fuel program, whose costs have ballooned. They spent $1.1 billion on the credits in the first half of the year, just short of a record $1.3 billion in all of...

  • Sept 8- Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported. Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative...