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Business Events Layoffs

  • June 28- A New York Supreme Court Justice sided with J. Crew Group Inc in a dispute with some of its senior lenders, allowing the U.S. preppy retailer to move forward with a restructuring deal to cut its $2.1 billion debt pile. The lenders had asked Justice Shirley Werner Kornreich to halt the deal because it unfairly gave collateral in the company, the J. Crew brand, to J....

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is considering retrenching 8,500 mine workers as part of its restructuring of its South African business "to ensure their viability", sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is retrenching 8,500 mine workers as part of its restructuring its South African business "to ensure their viability," sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in its South...

  • PARIS, June 26- Tati, the iconic cut-price shop whose historic store stands near Paris's Sacre Coeur monument, is to be sold to domestic rival Gifi, said a lawyer involved in Tati's restructuring process. Thomas Hollande, the son of former French President Francois Hollande who was acting as a lawyer for Tati's employees, said the deal would save the bulk of jobs at...

  • *VW retirement offer to staff born 1955-60 expires July 31. WOLFSBURG, Germany, June 23- Volkswagen is reducing the workforce at its core division more rapidly than planned, its human resources chief said, helping the brand make progress on cost cuts needed to revive the business. To stoke demand for the measure, the carmaker has restricted until July 31 an offer to...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company,...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it obtained court protection against creditors to proceed with a restructuring that will include store closures and layoffs as it seeks to recover from years of declining sales. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company, controlled by billionaire...

  • President Donald Trump- when GM canceled the third shift at its Lordstown small-car factory here. Layoffs at Lordstown and other auto plants point to a broader challenge for the economy in Midwestern manufacturing states and for the Trump administration. "This is about economics, not what Trump says," said Robert Morales, president of United Auto Workers union...

  • Trading Nation: Nike shares tumble on layoffs

    Corinna Freedman, analyst at Berenberg, and Rich Ross, Evercore ISI, discuss the stock impact of layoffs at Nike with Brian Sullivan.

  • Nike to layoff 2% of global workforce

    I did not expect this, says "Squawk on the Street's" Jim Cramer talking about Nike's announcement to cut approximately two-percent of its global workforce.

  • Bank of America has begun laying off employees in its operations and technology division, part of the second-largest U.S. bank's plan to cut costs.

  • Sears to cut 400 jobs; head of online to step down this week

    Sears is cutting 400 full-time jobs at its corporate offices, in Hoffman, Illinois, and from its support functions.

  • IMAX to lay off 100 employees, 14% of work force

    Shares of IMAX on the move after announcing a big cost-cutting program.

  • Harold Hamm, chief executive officer of Continental Resources Inc., speaks during the Republican National Convention (RNC) in Cleveland, Ohio, U.S., on Wednesday, July 20, 2016.

    The CEO talks about turmoil in Qatar, the price of natural gas and oil, and American natural gas exports to Northern and Central Europe.

  • Tim Armstrong at the 2016 Sun Valley conference in Sun Valley, Idaho.

    As the troubled deal is finally culminated, Recode reports that it’s time for cuts.

  • More than 20 employees fired at Uber in sexual harassment investigation

    Uber has reportedly fired at least 20 employees as part of a sexual harassment investigation.