EMI says to cut up to 2,000 jobs
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British music company EMI is to axe up to 2,000 jobs in a restructuring plan by its new private-equity owners to save up to 200 million pounds ($392 million) a year and recast itself for the digital age.
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General Motors&#39; loss-making European division is to cut 12,000 jobs in a bid to save $665m (Â£347m) annually. The redundancies will affect a fifth of its workforce, with 10,000 positions going at Opel plants in Germany.
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LONDON -- EMI Group PLC, home to the Beatles and Coldplay, agreed to a 2.4 billion pound ($4.7 billion) takeover by a private equity group on Monday, but the deal raised speculation of an all-out bidding war for the struggling music company.
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NEW YORK -- American Express Co. Friday said 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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LONDON, December 1  - Bombardier Inc (BBD.B.TOR) announced today plans to cut 2,200 more jobs at its train manufacturing unit, while reducing the production of its 50-seater regional jets, after having reported lower-than-expected third
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Automaker BMW AG said Friday that it plans to cut thousands of jobs in 2008.
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The new owners of EMI Group said Tuesday that they plan to cut up to 2,000 jobs in a restructuring of the recorded music division
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or just over a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.
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Cosmetics giant Avon is to cut 2,400 jobs as part of its multi-year restructuring programme.
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British music company EMI is to axe up  to 2,000 jobs in a restructuring plan by its new private-equity  owners to save up to 200 million pounds ($392 million) a year  and recast itself for the digital age.
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Hanesbrands Inc. HBI.N said on   Wednesday it would close some plants in Mexico and the United   States, cutting more than 2,000 jobs, as part of its plan to   reduce costs and streamline manufacturing operations.
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EMI lost two of its biggest acts in  2007, is in danger of losing more, has seen record sales slump  and on Tuesday announced major layoffs.
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TUI, the German travel company owner of Thomson Holidays, says it plans to cut 2,600 jobs in the UK.
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British music label EMI will cut up to 2000 jobs to increase Internet sales by promoting digital music, and boost its roster of talent.
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Bombardier Aerospace said on Thursday it will cut about 2,000 jobs at its Montreal-area and Belfast operations and the severance costs linked to the layoffs will affect current year results.
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The BBC today confirmed plans to axe 2,900 jobs over the next three years under moves to make savings of Â£320 million. In a special message to staff, director general Mark Thompson said
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   59 U.S. branch offices over the next year in order to cut   costs.