Manufacturers cutting white-collar jobs now, too
Manufacturers have been using technology to cut blue-collar jobs for years. Now, they're targeting their white-collar workers, too. Factory Automation ...
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 ...
Legal expenses drag down Citigroup 4Q earnings
Citigroup's fourth quarter earnings fell short of Wall Street's expectations as the bank's legal expenses rose and it released less money from its ...
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 ...
S. Africa mine threatens closure, loss of 14k jobs
The world's largest platinum producer said Tuesday it will close some operations, sell one mine in South Africa and cut 14,000 jobs, just months after ...
Germany's Air Berlin to cut 1 in 10 jobs
Loss-making German carrier Air Berlin says it will cut about one in ten jobs over this and next year. Germany's second-largest airline said Tuesday ...
Honda announces plans to cut 800 jobs
Japanese automaker Honda says it will cut about one in four jobs at its UK factory as it struggles with low demand in Europe. Honda Motor Europe says ...
American Express to cut 5,400 jobs
American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its ...
Tiny Chevrolet Sonic helps Detroit shake off rust
When the word reached the Orion Assembly Plant, it spread along the serpentine assembly line like news of a death or natural disaster: General Motors, ...
US job market shrugs off fears of 'fiscal cliff'
The U.S. job market proved resilient in December despite fears that a budget impasse in Washington would send the economy over the fiscal cliff and ...
Siemens to cut 1,100 jobs in energy sector
Industrial conglomerate Siemens AG says it will cut about 1,100 jobs in its energy division in Germany over the next two years amid a wider ...
Americans seeking unemployment aid rises by 17,000
The number of Americans applying for unemployment benefits rose last week by 17,000, reversing four weeks of declines. But the number of people ...
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