Colgate to Cut 12 Percent of Work Force
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Colgate-Palmolive Co. CL.N said on  Tuesday it would cut about 12 percent of its 37,000-person work  force as part of a four-year restructuring plan for which it  anticipates after-tax charges of $550 million to $650 million.
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Colgate-Palmolive Co. CL.N on Monday  issued its first formal profit warning in almost a decade,  citing higher marketing spending and raw-material costs,  sending its shares down 11 percent to a four-year low.
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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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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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Countrywide Financial Corp , the largest U.S. mortgage lender, plans to cut 10,000 to 12,000 jobs to cope with weakened housing demand, rising foreclosures, and tightening credit markets.
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Countrywide, the biggest US mortgage lender, will cut up to 20% of its staff, as business slumps.
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Capital One says it expects to cut 2,000 jobs - about 7% of its workforce - as it battles rising competition.
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US firms cut back on the total number of staff employed for the first time in four years, official data shows.
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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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Citing a difficult market for home builders, Pulte Homes Inc.  said on Tuesday it would cut 16 percent of its work force.
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NEW YORK - Colgate-Palmolive Co., which announced Tuesday that it is eliminating 4,400 jobs, disclosed in a regulatory filing that many of its top executives and officers are given allowance of up to $11,500 a year to spend on anything from pet-sitters to
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Citing a difficult market for home builders, Pulte Homes Inc.  said on Tuesday it would cut 16 percent of its work force, adding to previously announced job cuts.
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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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General Motors Corp. plans to reduce its U.S. work force by about 7 percent for a fourth consecutive year in 2005, chairman and chief executive Rick Wagoner said.
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The US-based oral care and personal products company Colgate-Palmolive Company is drawing a blueprint to restructure its operations.
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The mortgage lender IndyMac Bancorp said that it would cut its work force by 24 percent.
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Colgate-Palmolive yesterday announced plans to cut 12% of its workforce and close a third of its 78 factories worldwide as it struggles with rising raw material and energy costs and intense competition.