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Business Events Layoffs

  • LONDON/ EDINBURGH, Jan 16- The collapse of British services group Carillion started to hurt thousands of small contractors on Tuesday, with some laying off workers after the rapid demise of a company that was winning state contracts as recently as November. Rudi Klein, head of Britain's Specialist Engineering Contractors' Group, estimated that Carillion had...

  • Jan 15- Tahoe Resources Inc, said on Monday it would lay off about a quarter of its employees at its flagship Escobal silver mine in Guatemala because of uncertainty over whether the company will have its mining license for the site reinstated. The company's license to mine at Escobal was provisionally suspended by the country's Supreme Court in July.

  • ABU DHABI/ KHOBAR, Saudi Arabia, Jan 13- Saudi Binladin Group said on Saturday some shareholders in the construction giant might transfer part of their holdings to the state in a settlement with authorities, which detained several members of the founding family in an anti-graft drive. Family-owned SBG, which had more than 100,000 employees at its height, is the...

  • ABU DHABI/ KHOBAR, Jan 13- Some shareholders in construction giant Saudi Binladin Group may transfer part of their shareholdings to the government as part of a financial settlement with authorities, the company said on Saturday. Binladin, which had more than 100,000 employees at its height, is the biggest builder in Saudi Arabia and important to Riyadhs plans...

  • Brand expert on Walmart bonuses and Sam's Club closures: It's an absolute sham

    Dean Crutchfield, global brand consultant, discusses the wild week for Walmart with its announcement of bonuses and wage increases in the wake of tax reform, alongside Sam's Club closures and layoffs.

  • Walmart is abruptly closing more than 60 of its Sam's Club locations across the country.

  • INDIANAPOLIS, Jan 11- More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure. In return, the company received $7 million in state tax breaks to stay in Indiana.

  • NEW YORK, Jan 11- Walmart on Thursday said it will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major corporate tax cut and on the same day said it will shut stores and lay off thousands of workers. The layoffs went unaddressed but the wage increase attracted praise from the White House.

  • NEW YORK, Jan 11- Walmart will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major overhaul of the U.S. tax code and competes for low wage workers in a tight labor market. The layoffs went unaddressed but the wage increase attracted praise from the White House. "Walmart is the largest employer in the...

  • INDIANAPOLIS, Jan 11- More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure. In return, the company received $7 million in state tax breaks to stay in Indiana.

  • Jan 11- Sam's Club, a unit of Wal-Mart Stores Inc, said it had closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday. Business Insider, citing Wal-Mart, reported that Sam's Club was closing 63 stores and laying off thousands of workers. Sam'S Club's tweet comes after local news outlets in Arizona, Alaska, Texas, New...

  • President-elect Donald Trump(R) and Vice President-elect Governor Mike Pence visit the Carrier air conditioning and heating company in Indianapolis, Indiana on December 1, 2016.

    A new round of layoffs is taking effect at the Carrier factory in Indianapolis.

  • INDIANAPOLIS— A new round of layoffs is taking effect this week at the Carrier Corp. factory in Indianapolis a little more than a year after President Donald Trump touted a deal that staved off the plant's closure and saved some of its jobs. He traveled to the Indianapolis factory three weeks after his election win to announce a tax-incentive agreement...

  • *Trader exodus in London, Singapore. LONDON, Jan 10- Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia's biggest commodities trader to restructure. Since then, Noble has been winding down its remaining oil trading operations in London...

  • WASHINGTON, Jan 9- U.S. job openings fell for a second straight month in November, with declines in the manufacturing and real estate sectors, supporting economist forecasts that job growth will slow in 2018.. The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday, also found that layoffs dropped to a six-month low,...

  • PARIS— The maker of Peugeot and Citroen cars hopes to see off 1,300 workers this year and hire another 1,300 under new labor rules championed by President Emmanuel Macron to give companies more workforce flexibility. PSA Group launched talks Tuesday with unions on the plan, saying in a statement that they are "taking into account regulatory changes."

  • GoPro falls on weak guidance and job cuts

    CNBC's Josh Lipton reports on the disappointing report from GoPro which included an exit from the drone business and layoffs.

  • Nick Woodman, GoPro Founder and CEO

    The company announced it was shuttering its drone division, laying off 20 percent of its workforce and lowering guidance.

  • Nick Woodman, GoPro Founder and CEO

    GoPro CEO Nick Woodman speaks with CNBC's Josh Lipton about the company's announcements on guidance, layoffs and getting out of the drone business.

  • GoPro Karma drone

    GoPro is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported.