Unisys To Cut 1,400 Workers
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Oct. 07, 2004. Unisys plans to cut 1,400 jobs, or nearly 4 percent of its workforce, and consolidate some facility space, moves that will help yield annualized savings of about $70 million a year by 2005.
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Nortel Networks will lay off about 1,400 employees in the US and about 950 in Canada, with those employees to be notified by the end of June 2005.
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International Business Machines cut about 1,570 jobs to help improve profit margins in its technology services unit.
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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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The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.
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TORONTO -- Nortel Networks yesterday gave details of a previously announced job cut program, saying it is cutting 1,400 positions in the United States by next June.
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Company cutting 375 jobs to eliminate redundancies in wake of ATI acquisition.
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International Business Machines Corp.  said it laid off about 1,570 employees on Wednesday in its computer services business in the United States, part of a plan to trim costs in the unit.
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Stepping up an overhaul of its big technology services business, high-tech conglomerate IBM Corp. yesterday notified 1,570 employees worldwide that their jobs are being eliminated.
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LONDON - British aerospace and defence giant BAE Systems announced plans to axe almost 1,400 jobs at 13 sites across Britain, in part due to a declining workload.
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European aircraft maker Airbus announced 1,600 UK job cuts over four years in a crisis statement on Wednesday.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of 50 million dollar for severance benefits as it completes the spinoff of its semiconductor division, officials said today.
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BOSTON -- IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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General Motors of Canada  will cut about 1,000 jobs at a truck plant in Oshawa, Ontario, in January amid slumping pick-up sales, the Globe and Mail newspaper said in its online edition on Thursday.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits, officials said Tuesday.
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As expected, Yahoo Inc began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees at the company's headquarters said on Tuesday.
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News International, the UK newspaper arm of News Corp, says it will cut its 1,000 person production staff by two-thirds and move its London printing facilities from Wapping to Enfield.