Layoffs

Layoffs

• Ericsson closes down cable production, cuts jobs

  Wireless equipment maker Ericsson AB says it will close down its telecom cable manufacturing operation and cut around 350 jobs in Sweden. 

• Steelmaker ThyssenKrupp to cut 3,000 office jobs

  Steel and elevator maker ThyssenKrupp says it will cut 3,000 of its 15,000 office jobs over the next three years to streamline the company's ... 

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  France approves major labor reform package

  France's parliament has passed a package of significant labor reforms Tuesday that the government hopes will help halt rising unemployment and ... 

• Outokumpu cuts 2,500 jobs to save $455 million

  Finnish metals group Outokumpu Oyj says it will slash 2,500 jobs worldwide in the next four years to cut costs by 350 million euros ($455 million) and ... 

• BASF to cut 500 jobs at chemicals business

  Chemicals and oil company BASF say it is cutting 500 jobs by the end of 2015 at its specialized chemicals business. The company says the division is ... 

• TNT Express mail company to cut 4,000 jobs

  TNT Express NV, the Dutch-based package delivery company, says it will restructure operations, taking €150 million ($195 million) in charges and ... 

• AstraZeneca to cut 2,300 jobs in business overhaul

  Struggling drug company AstraZeneca outlined a major restructuring of its business on Thursday, including some 2,300 job cuts worldwide as it ... 

• Ericsson, STMicroelectronics to cut 1,600 jobs

  Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan ... 

• Finnair plans 300 layoffs among technical staff

  Finnair PLC says it plans to shed some 310 technical jobs as it streamlines operations and outsources some services as part of an ongoing cost-cutting ... 

• Unions at Spain's Iberia agree to end strike

  Unions representing most workers at Spanish airline Iberia have cancelled strikes planned for next week to protest staff layoffs. The cancellation ... 

• Renault, unions reach deal to cut costs, jobs

  French carmaker Renault SA reached a potentially groundbreaking deal with leading unions Wednesday that allows it to reduce its workforce and cut ... 

• Vattenfall cuts 2,500 jobs, most in Germany

  Swedish power company Vattenfall says it will slash nearly 2,500 jobs, most of them in Germany, in an effort to cut costs by 4.5 billion kronor ($700 ... 

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  Caterpillar to cut 1,400 jobs at plant in Belgium

  Construction equipment maker Caterpillar says it will cut more than one in three jobs at its Belgian plant because of high labor costs and sluggish ... 

• Netherlands' Rabobank to cut 3,000 jobs

  Rabobank NV, the Dutch co-operative bank, says it plans to cut 3,000 jobs in the coming two years as profits fell 20 percent in 2012. Full-year net ... 

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  Workers at Spain's Iberia begin 15 days of strikes

  Protesters clashed with police at Madrid's international airport as ground staff and cabin crews for Spain's Iberia began 15 days of strikes to ... 

• BBC journalists to strike over layoffs

  BBC journalists are set to go on strike for 24 hours in a dispute over layoffs, potentially disrupting the broadcaster's programming. Members of the ... 

• Spain's Iberia cancels 415 flights due to strike

  Spanish airline Iberia says 415 flights will be canceled next week due to a strike by labor unions protesting a company plan to lay off almost a fifth ... 

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  Tire workers confront French police over layoffs

  Workers fired flares and paint bombs and riot police answered with tear gas in a standoff Tuesday over layoffs at a French plant for U.S. 

• Spain's Iberia presents major layoff plan

  Spanish airline Iberia has presented a plan to cut almost a fifth of its workforce nearly a week ahead of a first round of strikes by labor unions ... 

• ThyssenKrupp cuts 2,000 jobs in cost-saving drive

  German steelmaker ThyssenKrupp says it will slash at least 2,000 jobs by 2015 as part of a cost-saving drive as the company copes with high commodity ... 

• Spain's Iberia workers call strikes over layoffs

  Labor unions representing most workers in Spain's Iberia airline have called 15 days of strikes to protest the company's plans to lay off 4,500 ... 

• Commerzbank to cut up to 6,000 jobs

  Germany's second-biggest bank, Commerzbank AG, says it plan to cut as many as 6,000 jobs over the next three years as it tries to reduce costs. 

• Lloyds Banking Group cuts 940 jobs

  Part-nationalized Lloyds Banking Group says it is eliminating 940 jobs in a continuing reduction of its payroll. Lloyds announced Wednesday that it ... 

• Rolls-Royce to cut defense jobs at UK plant

  Rolls-Royce said Tuesday it is planning to reduce its defense operations at one of its British plants — a move that a union said would result in the ... 

• Nokia sheds 300 IT jobs, transfers 820 workers

  Struggling Nokia Corp. is downsizing by more than 1,000 jobs, part of a wide-ranging plan to cut costs and streamline operations. The Finnish firm ...