Outsourcing Will Slash 300 Washington Gas Jobs
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In a move that will eliminate 300 positions, Washington Gas Light said yesterday it had hired an outsourcing firm to handle information technology, customer service and other back-office duties.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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Marsh &amp; McLennan, the US insurance broker being sued for alleged price fixing, is to cut 3,000 jobs as it faces a sharp decline in its revenues.
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ABB Inc. has reversed a decision to close its transformer plant in Guelph, Ont., saving 300 jobs, the union representing the workers said today.
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NEW YORK -- JPMorgan Chase &amp; Co. plans to undo a technology outsourcing deal with International Business Machines Corp., taking back about 4,000 employees and contractors from the computer giant.
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Lehman Brothers Holdings will cease wholesale mortgage lending in the United States, a move that includes 1,300 job cuts.
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US investment bank Lehman Brothers says it will cut 1,300 jobs as its scales back its US home loan business.
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US department store chain Macy's is to cut 2,300 jobs, as it announces a 7.1% fall in sales in January.
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Automaker BMW AG said Friday that it plans to cut thousands of jobs next year to reduce costs. via North County Times
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Oracle will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.
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British energy giant BP said Wednesday that it will cut more than 350 jobs at its North Sea operations in the face of lower output and soaring costs.
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Title insurer First American Corp.   said on Tuesday that it expected to reduce personnel by  about 1,300 in the third quarter, citing rapidly changing  economic conditions.
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Soaring gas prices, anxiety about petro-terrorism and worries about global warming are all chipping away at support for the auto industry in Washington.
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Appliance maker Whirlpool Corp.  said on Tuesday it plans to cut jobs at some U.S. plants and expand production at others.
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Londonâs subway network virtually shut down when 2,300 maintenance workers walked off their jobs in what they said would be a three-day strike over pensions and security.
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Dana Corp. plans to close an iron foundry in Muskegon by early August, eliminating 240 jobs, employees were told Wednesday. The Toledo, Ohio-based auto parts maker plans to outsource its piston ring casting
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Whirlpool Corp.  on Thursday said it would cut 730 jobs in manufacturing plants in Tennessee as part of an ongoing move to control manufacturing costs.