Cardinal Health to Cut 4,200 Jobs
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Drug wholesaler Cardinal Health Inc.  said on Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 facilities around the world as part of a plan to reduce costs.
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CHARLOTTE, NC Oct. 7, 2004 - Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp.
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Bank of America Corp., which operates 25 branches in San Antonio, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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Bank of America said it will cut about 4,500 positions, or about 2.5 percent of its workforce, beginning this month. The layoffs will take place across the bank&#39;s geographic footprint and in all lines of business
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Pfizer Inc.  said on Tuesday it would cut its U.S. sales force by about 20 percent, or some 2,200 jobs as part of a comprehensive cost-cutting program.
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Bank of America Corp., the third- biggest US bank, will cut 4,500 jobs in addition to the 12,500 positions it will eliminate as part of the purchase of FleetBoston Financial Corp.
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Bank of America Corp. will make further cuts to its work force, eliminating another 4,500 positionsâor 2.5 percent of its employee baseâduring the next six months.
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IMS Health Inc  said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.
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Bank of America Corp. said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Papermaker and forest products company Svenska Cellulosa AB said Tuesday it would cut 1,200 jobs, or 2.4 percent of its overall work force, as it seeks to cut costs amid competition from rivals and declining demand. Most of the job losses will be at plants in France and the Netherlands.
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Bank of America said Thursday it will layoff 4,500 employees as part of the companyâs ongoing integration of FleetBoston Financial.
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CHARLOTTE, NC - Bank of America said Thursday it will cut about 4,500 jobs beginning this month as a result of its merger with FleetBoston Financial Corp.
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State Street Corp. said it will eliminate 425 jobs as a cost-cutting move after the financial firm yesterday reported a weak third quarter in which earnings fell 13 percent because of a sharp drop-off in lending and trading activities in securities markets.
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Cardinal Health, the drug wholesaler, said Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 manufacturing and distribution locations as part of a plan to reduce costs.
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Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it would cut about 4,000 jobs  within the company, close 125 stores and reduce its use of  outsourced services to improve its financial performance.
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NEW YORK -- Delta Air Lines Inc. , the number three US carrier, said yesterday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between 1,600 and 1,800 supervisory and administrative personnel as part of a previously announced plan to cut total staffing by 7,000.
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Cardinal Health Inc.  said on  Thursday that it plans to divest its ailing drug manufacturing  business, sending its shares up over 5 percent.