P&amp;O to axe routes, 1,200 jobs
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LONDON, England -- European shipping giant P&amp;O is to close four of its 13 ferry routes with the loss of about 1,200 jobs, the company announced.
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The P and O shipping line said that it had decided to cut back its ferry services with the loss of 1,200 jobs in its Channel operations between England and France and the ending of a route to Ireland.
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Up to 200 former TXU Corp. (NYSE: TXU) workers, who went to work for a consulting firm after a deal between the companies, will lose their jobs, a spokesman for the consulting firm said Friday.
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Cross-channel ferry operator P&O cuts 1,200 jobs and four ferry routes in a radical attempt to revive its faltering business.
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It sounded like the death knell for the cross-Channel ferry industry last month when P&O announced it was to cut four of its 13 routes and shed 1,200 jobs.
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Airport operator BAA is set to cut jobs with one report saying as many as 2,000 staff will be made redundant.
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Bombardier Inc. BBDb.TO plans to cut  2,200 more jobs at its train-making unit and further trim the  production rate for its 50-seat regional jet, the company said  on Wednesday as it unveiled a lower third-quarter profit.
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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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Motorola (Quote, Chart) said it would cut 1,000 jobs, a move prompted by the spinout of its Freescale Semiconductor (Quote, Chart) subsidiary.
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Credit card company Capital One Financial plans to eliminate 2,000 jobs, or about 6 percent of its workforce, as part of a $700 million restructuring, the company said yesterday.
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P&amp;Oâs cutbacks announced today are the result of the waves of troubles that have swamped the ferry industry of late. Some would say the company has done well to weather the storms for as long as it has.
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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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Shipping giant P&amp;O is to close four of its 13 ferry routes with the loss of about 1,200 jobs. Reducing the number of ships it operates from 31 to 23, the company said it would be closing all its Western Channel routes except Portsmouth-Bilbao.
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NEW YORK (CP) - AT&amp;T is deepening its job cuts and now expects to eliminate 20 per cent of its workforce this year. The formerly dominant long-distance telecommunications operator also said Thursday it will
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Switzerland's struggling national airline will cut up to 1,000 jobs and shrink its fleet by 15 percent as part of a second wave of restructuring aimed at saving &#36;250 million a year and restoring the company's health.
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Shipping giant P&amp;O Ferries is scrapping four of its 13 routes across the English Channel, in a move that will eliminate about 1,200 jobs, or nearly 20 percent of its overall work force.
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Business & money: Critical upgrade work on network could be scaled back, London Underground boss warns.