Wyeth mulls cost cuts, eliminating 10 pct of jobs
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Wyeth  on Friday said it is  considering cost cuts that could eliminate 10 percent of its  work force over a three-year period, although the U.S.  drugmaker said details of the initiative are not "etched in  stone."
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Intel Corp. , the world's largest semiconductor maker, will cut 10,500 jobs as part of chief executive Paul Otellini's plan to reduce costs by $3 billion annually starting in 2008.
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By JORDAN ROBERTSON, Associated Press writer  SAN JOSE, Calif.  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  about 10 percent of its work force  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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Forget about cutting the size of bonuses: letâs start really thinking about the possibility of slashing jobs.
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SAN JOSE, Calif.  --  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  --  about 10 percent of its work force  --  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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The scandal-beset company will also lay off about 10 percent of its work force.
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Struggling German department store owner KarstadtQuelle says it must cut staff wages by up to 10% in an effort to avoid job cuts.
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Morgan Stanley  will slash more than 1,000 jobs in the coming week, trimming costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said on Thursday.
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By JORDAN ROBERTSON, THE ASSOCIATED PRESS  SAN JOSE, Calif.  Chip maker Intel Corp. said Tuesday that it will eliminate 10,500 jobs  about 10 percent of its workforce  through layoffs, attrition and  the sale of underperforming business groups as part of a massive restructuring.
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The drugmaker said it is weighing cost cuts that could eliminate 10 percent of its work force over a three-year period.
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Morgan Stanley  is cutting about  1,000 jobs in the coming week, part of efforts to trim costs  ahead of what it expects will be a tougher business  environment, a person briefed on the moves said on Thursday.
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Clothing maker Liz Claiborne Inc. is planning to cut as much as 10 percent of its work force, the New York Post reported on its Web site on Tuesday.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million, while adding 875 jobs at two other plants.
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Delta will cut up to 10 percent of its work force over the next 18 months as part of a restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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Industry analysts expect close to 10,000 job cuts in the coming weeks so that the workers can be removed from AT&T's books by the end of the year.
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Nortel Networks Corp. NT.TO on  Thursday said it would eliminate about 10 percent of its work  force, slightly less than previously estimated, and consolidate  real estate in a cost-cutting plan that will save $500 million  in 2005.
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Apparel maker Liz Claiborne Inc.  is planning job cuts that could total as much as 10 percent of its workforce, the New York Post reported on its Web site on Tuesday.