Business Events Layoffs

  • A Lowe's employee walks through the store during the grand opening of the Lowe's store in San Francisco, California.

    A statement from the store said the majority of the cuts are at the store level.

  • By Jacob Gronholt-Pedersen and Teis Jensen. COPENHAGEN, Jan 18- Enzymes maker Novozymes will cut 198 jobs and invest more in emerging markets, it said on Wednesday, adding it could time take to recapture past growth rates amid uncertainty over U.S. renewable energy policy and the takeover of a key partner. "This is a new reality for Novozymes," Chief Executive Peder...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. Will Horton, a Hong Kong- based analyst for aviation consultancy CAPA, described what had been said so far as underwhelming given the scale...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. The company laid out the results of the review in a document seen by Reuters that was e-mailed to its 33,700 employees on Wednesday after 350...

  • The Saskatoon, Canada- based company said it expects to report a net loss for 2016 citing asset impairments resulting from fair market assessments at the end of the year. Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do... reflect the consequences of a continued...

  • CHARLOTTE, N.C.— North Carolina- based home improvement retailer Lowe's says it's told approximately 2,400 full-time workers that they will be laid off. Lowe's CEO Robert Niblock told employees in an email that the changes "will better align store staffing with customer demand, shift resources from back-of-the-store activities to customer-facing ones, and...

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, company employees said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate manufacturing...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, people familiar with the matter said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate...

  • GreenTech Automotive laid off at least some of its 75 employees at its Tunica County plant this week. GreenTech missed the initial deadline for the first payment on its $3 million loan from Mississippi, but eventually scraped up $150,000 in November, four months late. Besides the $3 million loan, Mississippi loaned Tunica County $1.9 million to buy the site and...

  • Digital display signs on the exterior of the headquarters of Morgan Stanley in New York's Times Square.

    While the bank typically lets go of the bottom 5% of its workforce at year-end, the cuts to senior bankers were deeper than in years past.

  • CNBC's Courtney Reagan reports that home improvement retailer Lowe's is planning to lay off some of its workforce as part of a restructuring plan.

  • PARIS, Jan 12- Morale is low at Lanvin with staff expecting job cuts after France's oldest fashion brand swung into the red in 2016 and new designer Bouchra Jarrar failed to lift sales, sources told Reuters. The company appointed advisory firm Long Term Partners to conduct an audit and it is due to present its findings to Lanvin's board at the end of this month and...

  • United Continental airline

    United Continental expects to cut some management employees as a part of its larger restructuring program.

  • LIBREVILLE, Jan 12- Royal Dutch Shell workers in Gabon began an "unlimited" strike on Thursday at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees. Shell is in advanced talks to sell its Gabon assets, which one source estimated could be worth $700 million, leaving workers worried about layoffs...

  • LIBREVILLE, Jan 12- Royal Dutch Shell workers in Gabon began on Thursday an "unlimited" strike at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees. Shell is trying to sell its Gabon assets, which one source estimated could be worth $700 million, leaving workers worried about layoffs or being...

  • Jan 12- United Continental Holdings Inc expects to cut some management employees as a part of its larger restructuring program. "While we don't have an exact figure now, a small number of our management team will be affected by reductions," said spokeswoman Megan McCarthy in a statement. Bloomberg earlier reported the staffing cuts.

  • Jan 12- United Continental Holdings Inc expects to cut some management employees as a part of its larger restructuring program. "While we don't have an exact figure now, a small number of our management team will be affected by reductions," said Mike Bonds, executive vice president of human resources, in a letter to employees last week. Bloomberg first reported the...

  • Boeing warns of engineer layoffs in 2017

    In an internal memo, the airplane maker said it plans to conduct involuntary layoffs this year.