Business Events Layoffs

  • Nov 13- Starbucks Corp is laying off about 350 global corporate employees, Chief Executive Officer Kevin Johnson said on Tuesday in a memo to employees, seen by Reuters. The elimination of the non-store employees is part of a restructuring plan that Johnson unveiled in September in an attempt to make the company nimble enough to tackle rivals in a fiercely...

  • *Job cuts to help save $250 mln by 2021. Nov 8- Bombardier Inc on Thursday agreed to sell two of its units for around $900 million and cut 5,000 jobs to focus on business jets, but its shares fell as much as 26 percent on a disappointing free cash flow forecast. The Canadian plane and train maker said it would only be able to meet its 2018 free cash flow estimate by using...

  • TOKYO, Nov 8- Toshiba Corp said it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas business, in an effort to shed troubled assets that could have exposed the Japanese company to future losses. Toshiba sold the world's No. 2 memory chip business to a consortium led by U.S. private equity firm Bain Capital to recover from years...

  • LONDON/ FRANKFURT, Nov 6- Berenberg is laying off about 100 equities traders, back-pedalling from an expansion of its equities sales and trading, research and corporate finance activities, Germany's oldest bank said on Tuesday. The bulk of the bank's equities traders are based in London. Hundreds of UK- based finance jobs have been shifted or created overseas as...

  • *Move is part of $4 bln new digital push. LONDON, Nov 6- A British labour union criticised Lloyds Banking Group on Tuesday for cutting 6,000 jobs as part of a reorganisation that the lender said would actually create 2,000 posts overall. "This latest announcement will undoubtedly hit the morale of staff who have had to endure round after round of job cuts, branch...

  • *Move is part of $4 bln new digital push. LONDON, Nov 6- A British labor union criticized Lloyds Banking Group on Tuesday for cutting 6,000 jobs as part of a reorganization that the lender said would actually create 2,000 posts overall. "This latest announcement will undoubtedly hit the morale of staff who have had to endure round after round of job cuts, branch...

  • DETROIT, Oct 31- General Motors Co on Wednesday stepped up efforts to cut costs in response to tariff and market pressures, even as it reported third-quarter profit that blew past Wall Street expectations. About 18,000 of the company's 50,000 salaried employees in North America are eligible for the buyouts, the company spokesman said. GM's move to cut staff...

  • Pfizer headquarters

    Pfizer's offering early retirement ahead of layoffs early next year, it announced internally to employees Tuesday. The company, which currently employs more than 90,000 workers, didn't say how many people it plans to cut. 

  • MADRID, Oct 17- Alcoa said on Wednesday it would close two of its three aluminum plants in Spain with a combined annual production of 180,000 metric tonnes, resulting in the lay off of almost 700 workers. "Those problems, together with external market factors such as overproduction in China, high raw material prices and energy costs, have generated significant...

  • MADRID, Oct 17- Alcoa said on Wednesday it would close two of its three aluminium plants in Spain with a combined annual production of 180,000 metric tonnes, resulting in the lay off of almost 700 workers. "Those problems, together with external market factors such as overproduction in China, high raw material prices and energy costs, have generated significant...

  • Oct 15- Glencore Plc said it would cut about 30 percent of its workforce at its Hail Creek coal mine in Australia, following a review of its operations. The miner, which began operational management of Hail Creek from Aug. 1, said it would introduce a seven days on, seven days off roster system, meaning that employees at the mine would work 7 days and take the next 7 days...

  • *World's top alumina plant shut in pollution dispute. *Brazil plant operated at half capacity since March. OSLO, Oct 3- Norsk Hydro will halt production and layoff 4,700 people at the world's largest alumina refinery, Brazil's Alunorte, which has been operating at half capacity since March due to an environmental dispute, it said on Wednesday.

  • BROWNE SAYS MERGED COMPANY TO REDUCE HEADCOUNT, ALREADY TALKING TO UNIONS.

  • DUESSELDORF, Germany, Sept 28- Thyssenkrupp's plan to split in two should not to lead to major job cuts, its chief executive said, adding he had "broad support" for spinning off its elevators, automotive and plant-engineering businesses as Thyssenkrupp Industrials. In the most radical shake-up of a big German company in decades, the remaining 18 billion-euro...

  • COPENHAGEN, Sept 28- Denmark's Vestas Wind Systems intends to lay off around 400 employees, mostly in northern and central Europe, of its global workforce of more than 24,000 people, reflecting a shift in growth to markets outside of Europe, it said on Friday.

  • MADRID, Sept 26- Britain's looming exit from the EU and political uncertainty in Brazil will test the management skills of Santander's new chief executive Andrea Orcel while fellow bankers say his appointment is a sign the bank could go on an acquisition spree. The management restructuring comes at a sensitive time for the Spanish bank with two of its three...

  • The U.S. Department of Commerce launched a "Section 232" investigation into uranium imports in July following complaints by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, that subsidized foreign competitors have caused them to cut capacity and lay off workers. "Imposing additional regulatory burdens on the already struggling nuclear...

  • The U.S. Department of Commerce launched a "Section 232" investigation into uranium imports in July following complaints by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, that subsidized foreign competitors have caused them to cut capacity and lay off workers. "Imposing additional regulatory burdens on the already struggling nuclear...

  • *Switzerland to take brunt of layoffs. ZURICH, Sept 25- Novartis will cut 2,550 jobs in Switzerland and Britain over four years, it said on Tuesday, as the Swiss drugmaker strives to boost profits and focus on new medicines. Switzerland will bear the brunt, with 2,150 cuts planned at four factories and its Swiss-based business services unit.

  • Sept 24- Starbucks Corp is planning an organizational restructuring including leadership changes, according to a memo from its Chief Executive Officer Kevin Johnson. The changes come at a time when the world's largest coffee retailer is facing a raft of challenges, including a cooling U.S market and heavy competition from rivals, while undertaking a massive...