Cardinal Health to cut 4,200 jobs, shut 25 offices in ...
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Cardinal Health Inc., a medical products and services company based in Dublin, Ohio, plans to cut 4,200 jobs, or about 7 percent of its work force, and close 25 offices as part of a three-year restructuring plan, the company said Monday.
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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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Cardinal Health Inc.  said on Thursday that it plans to divest its ailing drug manufacturing business, sending its shares up over 5 percent.
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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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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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Hanesbrands Inc. HBI.N said on   Wednesday it would cut costs and streamline its manufacturing   operations by closing two plants in the United States and one   in Mexico, eliminating more than 2,000 jobs.
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Standard Chartered bank plans to lay off 200 employees in Hong Kong, or about 5 percent of its work force in the territory, despite record profits in its largest market, the London-based company said Tuesday.
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TriQuint Semiconductor Inc. said Monday that it is cutting about 200 jobs as part of a plan to save $18 million per year by restructuring its optoelectronics business.
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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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The UK's biggest insurer Aviva announces plans to cut 4,000 UK jobs by 2008.
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The shipping giant P&amp;O, under increasing pressure from low-cost airlines and the Channel tunnel, today revealed plans to cut four ferry routes and slash its workforce by 1,200.
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Citigroup  will announce plans to  cut payrolls by 17,000 to 24,000 people when it reports  earnings on Tuesday, CNBC television reported on Monday, adding  that the layoffs could take place over a year.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million, while adding 875 jobs at two other plants.
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CHICAGO, Nov. 30  Â Cardinal Health said Thursday that it planned to divest itself of its ailing drug manufacturing business, sending its shares up more than 5 percent.
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SAN FRANCISCO (CBS.MW) -- Office Depot has announced cost-cutting plans that cut more than 800 jobs and pay down $250 million of debt, with related charges of about $42.
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P&amp;O says it will cut up to 1,200 jobs and slash services as part of a review to reduce costs at its loss-making ferries business.
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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.