Boston Scientific to Lay Off 2,300 by the End of 2008
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The announcement supplied Wall Street with the biggest missing piece in Boston Scientificâs strategy for meeting its promises to cut expenses and increase profits.
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BOSTON -- IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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Motorola Inc. is laying off 1,000 employees in conjunction with its upcoming chip unit spinoff and ongoing efforts to reduce operating costs, the company said Tuesday in a regulatory filing.
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Swiss Re is to cut 2,000 jobs at its Insurance Solutions unit, bought from GE last year, by the end of 2007.
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By Review, Idaho Business  Intel announced September 5 that it plans to lay off approximately 10,500 employees by the middle of 2007, reducing its workforce to 92,000.  Local microchip manufacturer Micron has a joint operating venture with Intel to produce flash memory.
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In a continuing effort to cut costs, EarthLInk said it would lay off about 900 employees. In addition, it would buy back about $200 million of its own stock, according to a statement by CEO Rolla Huff on Tuesday.
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Nokia , the world's top  cellphone maker, said on Tuesday it plans to close its plant in  Bochum, Germany, by mid-2008 and may cut up to 2,300 staff as  it moves production to lower-cost regions.
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AT&T said today it plans to move 2,000 outsourced tech support jobs onto its payroll by late 2008.
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Engineering firm Rolls-Royce says its plans to cut up to 2,300 jobs to reduce costs and improve efficiency.
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Boston Scientific Corp. reported a third-quarter loss and tepid sales yesterday, two days after the ailing medical device maker announced plans to cut 2,300 jobs worldwide.
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Bank of America Corp  said it will lay off about 2,500 workers in Illinois and 1,500 in Michigan over the next two years in connection with its $21 billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO Holding NV .
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International Business Machines Corp.  said it laid off about 1,570 employees on Wednesday in its computer services business in the United States, part of a plan to trim costs in the unit.
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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. BAC.N, plans  on Wednesday to lay off hundreds of tellers and other employees  at Fleet bank branches, and ask them to leave immediately, the  Boston Globe said on Wednesday, citing documents it obtained  and Fleet branch managers.
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The Wall Street Journal reports that the No. 3 cell phone operator in the country is preparing to lay off thousands of workers to help get its business back on track.
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The Blue Bell, Pa.-based company said it will close some of its facilities and reduce its employee head count.
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Swiss Re  will cut 2,000 jobs  by 2007, or 17.5 percent of its global workforce, through  layoffs and attrition in the wake of its &#36;7.4-billion takeover  of U.S.-based GE Insurance Solutions, the company said on  Tuesday.