Capital One Says It Will Cut 2,000 Jobs
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The reduction of a little more than 6 percent of its work force was part of a cost-cutting program designed to save $700 million by 2009.
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Chemicals group DuPont Co.  said on Monday it would close or streamline 10 plants and cut 1,500 jobs - 2.5 percent of its overall workforce - as part of a plan to restructure its nutrition and crop protection business.
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Electronic Data Systems plans to cut 15,000 to 20,000 jobs over the next two years, as the struggling technology services giant tries to slash costs and regain its footing.
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CHARLOTTE, N.C.  -- Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp. last spring.
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Deutsche Bank, Germany's biggest bank, said it planned to eliminate 1,920 jobs in Germany in the next two years, or seven percent of its German workforce, to cut costs.
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New York (Dow Jones) -- American Express Co. said Friday it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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Dutch Bank ABN Amro NV said Thursday it will cut 2,850 jobs in dozens of countries in an effort to save euro770 million (around US$1 billion) annually from 2007.
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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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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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Bank of America said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Bank of America Corp  said it  will lay off about 2,500 workers in Illinois and 1,500 in  Michigan over the next two years in connection with its $21  billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO  Holding NV .
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Electronic Data Systems Corp. , one of the world's biggest computer services companies, is likely to cut up to 20,000 jobs over the next two years, the company's chief executive said on Thursday.
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Rolls Royce is planning to slash more than two thousand jobs worldwide, including many in the UK
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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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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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CHARLOTTE, NC Oct. 7, 2004 - Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp.
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Troubled music group's new private equity owners to cut between 1,500 and 2,000 jobs worldwide