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  • The publisher of the National Post, Toronto Sun and other major Canadian newspapers said last week that it was aiming to wring C $30 million more in annual cost savings. Postmedia said the cuts would be effective immediately for 35 jobs in Edmonton, 25 in Calgary and 12 in Ottawa. As part of a related change in sports coverage, five jobs were eliminated from the...

  • Johnson & Johnson

    Johnson & Johnson said it would cut about 3,000 jobs within its medical devices division, or between 4 percent and 6 percent of the unit's workforce.

  • Johnson & Johnson to slash 3,000 jobs

    The health care conglomerate plans to shed jobs within its medical devices division.

  • The company said on Tuesday that it expected to record pre-tax restructuring charges of $2.0 billion to $2.4 billion in connection with these plans, of which about $600 million will be recorded in the fourth quarter of 2015.. The restructuring is expected to result in annualized pre-tax cost savings of $800 million to $1 billion, J&J said.

  • In connection with its plans, J&J said it expected to record pre-tax restructuring charges of $2 billion to $2.4 billion, of which about $600 million will be recorded in the fourth quarter of 2015..

  • PARIS, Jan 19- French oil and gas major Total's full year 2015 results are expected to fall but it does not plan to cut jobs as peer BP has done to withstand the fall in oil prices, its chief executive said in a radio interview on Tuesday. Speaking in an interview with Europe 1 radio, Chief Executive Officer Patrick Pouyanne said the firm had the financial capacity to...

  • LONDON, Jan 18- Asda, the British supermarket arm of U.S. retailer Wal-Mart, is preparing to announce job cuts as it grapples with changing shopping habits and a brutal industry price war. Sky News reported on Monday that Asda would cut "hundreds of jobs", largely focused at its head office in Leeds, northern England. Industry data published last week showed Asda was...

  • NEW YORK, Jan 15- Layoffs at chemical maker DuPont Co announced in late December, in preparation for its merger with Dow Chemical Co, create negative credit conditions for communities in Delaware and the state overall, a report said on Friday. Moody's Investors Service said the 1,700 jobs being cut in Delaware by DuPont represents a "significant" 24 percent of all...

  • Jan 15- Wal-Mart Stores Inc said on Friday that it was pulling the plug on its smallest store format, Walmart Express, and closing 269 locations globally, including 154 in the United States, in a restructuring that will affect 16,000 workers. Wal-Mart, the world's largest retailer, said the move would reduce diluted earnings per share by 20 cents to 22 cents, with...

  • Jan 15- Wal-Mart Stores Inc said it was pulling the plug on its smallest store format and closing 269 stores globally, including 154 in the United States, in a restructuring that will affect 16,000 workers.

  • SHANGHAI, Jan 14- Just how worried should the commodity sector be about China? The threat of the yuan dropping more than 10 percent to above 7 to the dollar and concern that there will be little progress in restructuring zombie state-owned companies in the mining, steel, aluminium and industrial sectors were the top two concerns among investors at the UBS Greater...

  • GE plans to cut 6,500 jobs in Europe

    General Electric says it will slash thousands of jobs in Europe within the next two years.

  • *Sees restructuring cash costs of no greater than 10 mln stg. *Sees saving of 10 mln stg annually, starting from H2. Jan 13- Fenner Plc will cut a fifth of the workforce at its conveyor belt business in the Americas as it attempts to weather a prolonged slump in demand for U.S. coal.

  • Technical bounce in oil

    BP is cutting another 5 percent of its workforce, reports CNBC's Jackie DeAngelis.

  • *Cut 600 jobs in North Sea. LONDON, Jan 12- British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices. In the North Sea, he said BP planned to reduce headcount by 600 people over the next two years with most cuts likely in 2016..

  • Sequenom, whose bid to restore a prenatal DNA test patent was rejected by a U.S. court last month, raised expected cost savings to more than $20 million annually from over $10 million estimated earlier. The U.S. appeals court had said in June the prenatal DNA test patent was not eligible for legal protection because it fell under the U.S. Supreme Court's rule...

  • Jan 7- Diagnostic device maker Sequenom Inc said on Thursday it will cut 110 jobs, or about 20 percent of its workforce, and divest its North Carolina operations.

  • WASHINGTON, Jan 7- The number of Americans filing for jobless benefits fell last week and layoffs in December were the smallest in 15-1/ 2 years, pointing to labor market strength even as economic growth appears to have slowed sharply in the fourth quarter. You don't go into a recession with jobless claims and layoffs at these low levels, "said Jacob Oubina, senior...

  • *Weekly jobless claims decline 10,000. WASHINGTON, Jan 7- The number of Americans filing for jobless benefits fell last week and layoffs in December were the smallest in 15-1/ 2 years, pointing to a firmer labor market even as economic growth appears to have slowed sharply in the fourth quarter. Initial claims for state unemployment benefits dropped 10,000 to a...

  • Job Cut Report

    U.S.-based firms laid off 23,622 employees in December — the fewest since 2000 — according to Challenger, Gray & Christmas.