Layoffs

Layoffs

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  Applications for US unemployment aid fall to 340K

  The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job ... 

• ESPN cutting workforce, 'smartly managing costs'

  ESPN is cutting its workforce, the latest Disney division to reduce staff. "We are implementing changes across the company to enhance our continued ... 

• 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 ... 

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  US jobless aid applications fall to 5-year low

  The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have ... 

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  US jobless claims fall to 5-year low of 324K

  The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to ... 

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  US manufacturing grows in April at slower pace

  U.S. factory activity expanded at a slower pace in April, held back by weaker hiring and less company stockpiling. The report is the latest sign that ... 

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  US applications for unemployment aid drop to 339K

  The number of Americans seeking unemployment benefits fell last week to a seasonally adjusted 339,000, the second-fewest in more than five years. 

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  Caterpillar 1Q profit shrank; cuts 2013 outlook

  A slowdown in the mining business is digging a hole in Caterpillar's profits. First-quarter profit shrank 45 percent and Caterpillar has lowered its ... 

• Unemployment rates fell in 26 US states in March

  Unemployment rates fell in more than half the U.S. states in March even though job growth slowed. Rates fell largely because many of those out of work ... 

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  Google's 1Q shows more progress in mobile ads

  Google's latest quarterly results provided further proof that the Internet search leader is figuring out how to make more money as Web surfers migrate ... 

• Avon eliminating hundreds of jobs; leaves Ireland

  Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and ... 

• Fisker to cut three-fourths of its work force

  Troubled electric car maker Fisker Automotive Inc. has laid off about three-fourths of the workers at its California headquarters as it struggles with ... 

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  Lawmakers tighten belts amid automatic budget cuts

  Members of Congress are traveling less and worrying more about meeting office salaries. Their aides are contending with long lines to get inside their ... 

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  Scooter ads face scrutiny from gov't., doctors

  TV ads show smiling seniors enjoying an "active" lifestyle on a motorized scooter, taking in the sights at the Grand Canyon, fishing on a pier and ... 

• 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 ... 

• Coca-Cola to cut 750 jobs in US

  Coca-Cola says it's cutting 750 jobs in the U.S. as it continues to streamline its business. The world's biggest beverage maker says the jobs cuts ... 

• 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 ... 

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  Catchall spending bill advances in Senate

  A bipartisan full-year funding bill took a big step forward in the Senate on Monday, despite opposition from Republicans who were denied chances to ... 

• 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 ... 

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  AstraZeneca reorg to cut 1,600 jobs in US, UK

  Struggling Anglo-Swedish drugmaker AstraZeneca PLC said Monday that it will eliminate 1,600 jobs, mostly in the U.S. and United Kingdom, as its new ... 

• Ericsson, STMicroelectronics to end joint venture

  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 ... 

• US CEOs optimistic about economy, wary of hiring

  Chief executives at the largest U.S. companies are much more optimistic about their sales prospects than they were three months ago, though many ... 

• 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 ...