JAL to accelerate staffing cuts
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Japan Airlines says it will scrap 4,300 jobs by 2009, a year ahead of schedule, as part of its recovery plans.
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Japan should do more to end deflation, cut its budget deficits and optimize its labor market to sustain the country's recent economic growth, the Organization for Economic Cooperation and Development said Thursday.
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TOKYO Softbank, a Japanese investor and telecommunications operator, said Monday that it would offer a cut-rate, fixed-line phone service on Dec. 1, hitting at the stronghold of Nippon Telegraph Telephone.
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DALLAS, Sept. 9 -- Electronic Data Systems Corp. could cut 15,000 to 20,000 jobs -- more than 10 percent of its workforce -- over about two years to help reduce costs by about $3 billion, chief executive Michael H. Jordan said Thursday.
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The company said most cuts would come in its network operations division, where work has become increasingly automated, and in the customer service group.
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DaimlerChrysler is predicted to be on the verge of unveiling up to 10,000 job cuts at its struggling US Chrysler unit.
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Diplomatic posts at the State Department and U.S. embassies worldwide will be cut by 10 percent next year because of heavy staffing demands in Iraq and Afghanistan, Director General Harry Thomas informed the foreign service yesterday.
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United Airlines said yesterday that further job cuts will be necessary as it continues slashing costs in order to get out of bankruptcy.
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The company will cut more than 6 percent of its shrinking work force, as part of a plan to improve sagging financial and operational results.
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Mobile phone giant Vodafone will this week disclose details of a cost-cutting program that could lead to its axing 6,000 jobs from its workforce worldwide, a newspaper said.
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Employers cut 4,000 jobs in August,  the first time in four years that monthly hiring contracted,  the government said on Friday in a report certain to boost  pressure on Federal Reserve policy makers to cut interest  rates.
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Global Crossing plans to eliminate 600 jobs, roughly 15 percent of its workforce, by March 2005 as part of a restructuring plan. The company needs an additional $40 million in financing to fund
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The government announced plans to block a shortcut that has allowed thousands of foreign nurses to get fast-track U.S. work permits, a move that could worsen a nationwide nursing shortage when it takes effect next year.
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This move, and other cost-cutting measures, are expected to save the company $700 million to $800 million a year, the company said.
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Swiss Re RUKN.VX said it would inform   its employees on Monday on staff reductions of up to 2,000 by   the end of 2007, the reinsurer said, after its purchase of the   reinsurance units of General Electric GE.N.
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'Significantly exceeds previously estimated workforce-reduction target'
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JDA Software Group Inc. said Wednesday it plans to reduce the company&#39;s global workforce by 13 percent, or 167 employees, and consolidate its JDA Portfolio product lines in a move to save $15 million to $17 million in annual pretax costs.