Deutsche Bank to cut 3,000 jobs
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Deutsche Bank says it will cut 3,280 jobs outside Germany and reports a sharp rise in profits.
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The Bank of America Corporation said yesterday that it would cut an additional 4,500 jobs from its ranks, beginning this month, as it simplifies operations.
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The company's plans to cut up to 3,000 IT jobs highlight pressure as high oil price hits bottom line.
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Commerzbank AG said Tuesday it had narrowed its third-quarter net loss but was slashing 900 of the 1,275 jobs in its investment banking division, practically eliminating the unprofitable department.
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Santander Central Hispano said Monday it expects to cut about 3,000 jobs at Abbey National as part of a cost-saving plan if its friendly takeover bid succeeds.
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Deutsche Bank plans to eliminate 300 jobs from its investment banking unit amid market volatility.
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Bank of America Corp , the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief, the Wall Street Journal reported Wednesday, citing people familiar with the situation.
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STUTTGART, Germany  - DaimlerChrysler's DCXGn.DE   U.S. arm Chrysler will cut its production by around 90,000   units in the third quarter and around 135,000 in the second   half to try to reduce a glut of inventory, the company said on   Tuesday.
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ABN Amro Holding NV, the largest Dutch bank, plans to cut 2,850 jobs, or about 3 percent of the total workforce, as earnings decline.
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Oil firm 'loath' to confirm number Oil giant Royal Dutch Shell has told its staff that it plans to make more than 3,000 job cuts.â¦
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Struggling camera company Kodak is to cut an extra 3,000 jobs as it continues efforts to adapt to the digital age.
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A German official said his country would lose about 3,500 jobs and that about 4,500 would be trimmed in France in a cost-cutting effort.
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Bank of America said yesterday that it would cut another 4,500 jobs in the wake of its $47bn merger with rival bank FleetBoston. The cuts amount to 2.5% of the combined group&#39;s workforce.
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The company cited "challenging market conditions" and customer uncertainty and said it would eliminate 3,500 more positions.
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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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Job cutting and Germany reclaimed the spotlight Thursday after T-Mobile announced up to 2,200 cuts and speculation swirled of more investment banker layoffs at Deutsche Bank.
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Commerzbank, the fourth-biggest German bank, said it was axing 900 jobs in a revamping of its investment banking operations and posted a third-quarter net loss despite expectations for a profit.