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Business Events Layoffs

  • Shown the Door, Older Workers Find Bias Hard to Prove

    70 former Spirit AeroSystems employees are filing suit against the company for age discrimination.

  • Many longtime workers claim that they are being targeted for layoffs because of their age or health status, but federal law is of little help to them.

  • WASHINGTON, Aug 3- The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 240,000 for the...

  • WASHINGTON, Aug 3- The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio. "The labor market remains tight as a drum even if it is not throwing off the sparks of higher wages and more...

  • Pedestrians walk along Wall Street near the New York Stock Exchange in New York.

    The number of planned layoffs at U.S. companies dropped in July to its lowest since November while job-opening announcements notched up.

  • NEW YORK, Aug 3- The number of planned layoffs at U.S. companies dropped in July to its lowest since November while job-opening announcements notched up, a sign that businesses are confident that the economy will continue to expand, a report released Thursday showed. U.S. companies announced 28,307 planned job cuts in July, a 9 percent decline from 31,105 in June...

  • JOHANNESBURG, Aug 3- South Africa's Sibanye Gold will restructure operations in its domestic market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday. Sibanye, which has 58,000 employees in South Africa, will start consultations with labor unions and government about the restructuring of its loss-making Beatrix...

  • JOHANNESBURG, Aug 3- South Africa's Sibanye Gold will restructure operations in its home market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday. Sibanye, which employs 58,000 people in South Africa, will start consultations with labour unions and government about the restructuring of its loss-making Beatrix West...

  • LONDON, July 31- Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters. The world's second-largest oil company by market capitalisation said in a statement...

  • Sales in North America, Hershey's largest market, rose 2.2 percent to $1.47 billion in the second quarter ended July 2. The company, in February, said it would cut its global workforce by about 15 percent under its new Chief Executive Michele Buck as part of a restructuring program to build recovery in demand in North America. Hershey's net income rose to $203.5...

  • GRM Document Management CEO Avner Schneur

    To update GRM Document Management's paper-only storage system to the 21st Century, CEO Avner Schneur decided to go digital.

  • TEL AVIV, July 23- Teva Pharmaceutical Industries said on Sunday it would lay off some of its 7,000 employees in Israel in the coming months as it reorganises in a drive to improve competitiveness. Teva employs 4,000 workers in production in Israel. Teva's acting chief executive, Yitzhak Peterburg, said the company was committed to do all it can to guarantee that...

  • JAKARTA/ TORONTO, July 21- An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms. The escalating labor issue comes as Freeport, the world's largest publicly traded copper...

  • July 21- Endo International Plc said on Friday it would shutter its manufacturing and distribution facilities in Huntsville, Alabama, resulting in a workforce reduction of about 18 percent. The drugmaker, which employed 4,894 people as of Feb. 21, said it would layoff 875 employees and incur a pretax charge of about $325 million. Earlier in July, Endo agreed to...

  • ORION TOWNSHIP, Mich./ DETROIT, July 17- General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM's vehicle inventory in the United States hit a 10- year high in June at 105 days supply.

  • ORION TOWNSHIP, Mich./ DETROIT, July 17- General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM's vehicle inventory in the United States hit a 10- year high in June at 105 days supply.

  • SANTIAGO, July 12- Chilean copper mine Collahuasi, a joint venture of Anglo American and Glencore, said on Wednesday it will cut 115 jobs, including executives, as part of a plan to boost efficiency amid low prices for the metal. Collahuasi, one of the world's largest copper mines, said in a statement that its staff had been structured when the mine was planning an...

  • LONDON/ BENGALURU, July 11- India's Tata Steel said on Tuesday it had agreed to sell its pipe mills in the north of England to UK- based metals and industrial group Liberty House for an undisclosed sum. "With this sale, Tata Steel UK will complete its portfolio restructuring to focus on the strip products supply chain linked to Port Talbot," said Bimlendra Jha, CEO of...

  • July 6- Sears Canada Inc on Thursday sought court approval for its restructuring efforts, two weeks after the Canadian retailer filed for creditor protection. The company set Oct. 4 as the deadline to obtain court approval of successful bids, while the company's sale and investment solicitation process has an expected completion date of Oct. 25.

  • Businessman silhouette, in the shadows

    The number of planned layoffs at U.S. firms fell in June to its lowest level of the year.