Colgate to cut 12% of workforce
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Toothpaste company Colgate is cutting more than 4,000 jobs and closing a third of its factories worldwide.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world&#39;s biggest carmaker said on Thursday.
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Colgate-Palmolive Co., the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide work force by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan
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Intel Corp. INTC.O said on   Tuesday it will cut a total of 10,500 workers, or 10 percent of   its workforce, by the middle of next year, as part of a   restructuring aimed at making the world's biggest chipmaker   more competitive.
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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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Colgate-Palmolive Co. (CL.N: Quote, Profile, Research) will cut about 4,400 jobs and close a third of its factories under a program aimed at fighting rising costs and focusing
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Intel Corp.  said on  Tuesday it will cut a total of 10,500 workers, or 10 percent of  its workforce, by the middle of next year, as part of a  restructuring aimed at making the world's biggest chipmaker  more competitive.
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Sovereign Bancorp. said yesterday it will cut 800 jobs, 77 of them locally, from its workforce of almost 9,000 and close most of its wholesale mortgage operation in an effort to slash costs by $100 million annually.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world's biggest carmaker said on Thursday.
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Colgate-Palmolive, the toothpaste-to-bleach consumer goods giant, is cutting more than one in 10 of its workforce across the world.
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US telecoms giant AT& T has announced that it plans to cut its workforce by 20% this year, axing a further 7,000 jobs.
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CONSUMER goods giant Colgate-Palmolive has announced it will slash 4440 jobs and shut a third of its 78 factories worldwide in a bid to boost profits.
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Sallie Mae, the giant student loan company, yesterday said it would lay off about 3 percent of its workforce to cut costs in the face of shrinking federal subsidies and other financial pressures.
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The struggling chipmaker will eliminate around 10 percent of its workforce -- most cuts coming in management, marketing and IT -- as part of its biggest restructuring since the mid-1980s.
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Colgate-Palmolive, which makes consumer products including Ajax detergent and Irish Spring soap, plans to cut its work force by about 4,400 jobs as part of a restructuring plan aimed at boosting its sales and profits around the world.
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General Motors Europe is to slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region.
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General Motors Corp. said Thursday it will slash 12,000 jobs from its money-losing European operations -- nearly one in five of its jobs there -- by the end of 2006 in order to save $617 million per year.