Insurer axes 450 jobs in Scotland
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Insurance company Norwich Union announces that about a tenth of its 4,000 jobs cuts will be in Scotland.
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Loudoun County officials said last week they regretted the decision by AOL to lay off about 450 employees at its corporate headquarters in Ashburn, but they predicted that the workers would be reabsorbed quickly into the region's economy.
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Nearly 200 staff take voluntary redundancy EDS told The Register today that it has axed around 250 jobs following its limited voluntary redundancy plan offered to more than 2,500 UK-based staff last month.â¦
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Bank of America said Thursday that it would cut an additional 4,500 jobs from its work force, increasing the number pared since its acquisition of FleetBoston Financial by 36 percent, to 17,000.
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Thomson Holidays announces that it is closing its Hillington call centre with the loss of 450 jobs.
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One of the countryâs biggest insurance firms today announced plans to transfer more than 1,100 jobs to India over the next few years, sparking fears of a âcrisisâ in the UK.
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Spain&#39;s SCH plans to cut around 3,000 jobs at takeover target Abbey National to meet its goal of reducing costs by 450 million euros (302 million pounds) at the bank within three years.
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Aviva, the biggest insurer in Britain, says it plans to slash 4,000 jobs in the country, or 11 percent of its British workforce by 2008, and transfer 1,000 positions to India.
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Jardine Lloyd Thompson, the biggest UK-quoted insurance broker, warned on profit yesterday and announced the surprise resignation of Steve McGill, its chief executive, sending its shares down 20 per cent.
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Colgate-Palmolive is to cut about 4,440 jobs -12 per cent of the workforce - and close roughly one-third of its factories amid fierce competition from Procter &amp; Gamble.
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More than 430 jobs will be lost at car giant Vauxhall in Britain, including 340 from Merseyside, under a huge cutback across Europe aimed at making savings.
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General Electric Co.'s  WMC Mortgage unit is laying off 460 staffers across the United States, representing about 20 percent of its work force, spokeswoman Brandie Young said on Friday.
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Scotland's crop of graduates last year was the largest ever, new Scottish Executive figures show.
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Drug giant Merck, stung by its handling of the recall of the arthritis drug Vioxx, says it will cut about 51-hundred jobs by the end of the year.
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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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Marks and Spencer, the clothing-to-food retailer, has revealed that it would create 4,000 jobs alongside news of a solid increase in first-quarter sales.
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Business & money: UK life insurer attempts to streamline its business after seeing its profits virtually wiped out last year