Bombardier to Cut 2,200 Jobs
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Bombardier Inc. (BBDb.TO: Quote, Profile, Research) plans to cut 2,200 more jobs at its train-making unit and further trim the production rate for its 50-seat regional
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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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Peninsular &amp; Oriental Steam Navigation Co., the UK&#39;s largest ferry and ports operator, plans to cut 1,200 jobs and shut routes to stem losses in the cross-channel ferries business.
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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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Continental Airlines Inc. said yesterday it would cut about 425 jobs, or 1 percent of its work force, through staff reductions, attrition, and elimination of unfilled vacancies as part of an effort to trim expenses by another $200 million.
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Nortel Networks Corp. will cut 250 fewer jobs than it first expected but nearly a quarter of the 3,250 employees facing pink slips over the next nine months are slated to come from Ottawa, the company revealed yesterday.
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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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Novartis AG will cut 2,500 jobs worldwide by 2010 in an attempt to save $1.6 billion, the drug maker said Thursday.
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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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The announcement came almost two months after its parent company, Hertz Global Holdings, said it would eliminate 200 jobs to increase competitiveness.
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MONTREAL (CP) - Air Canada, due to emerge from bankruptcy-court protection this week, announced a revised deal with aircraft maker Bombardier on Monday that includes fewer firm orders.
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Ford Motor Credit, the financial arm of  Ford Motor Co.  said on Thursday it would cut 2,000 jobs  -- almost a quarter of its staff in North America -- and close  branch offices in order to cut costs.
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Hillenbrand Industries Inc. said Thursday it is cutting 230 jobs to lower costs. The company also cut its earnings forecast for the year ending this month.
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Airport operator BAA is set to cut jobs with one report saying as many as 2,000 staff will be made redundant.
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TORONTO -- Nortel Networks gave details of a previously announced job cut program Thursday, saying it is cutting 950 jobs in Canada and 1,400 in the United States among a total of 3,250 to be eliminated by next June.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) , the No. 3 US carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between
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Swiss Re  will cut 2,000 jobs  by 2007, or 17.5 percent of its global workforce, through  layoffs and attrition in the wake of its &#36;7.4-billion takeover  of U.S.-based GE Insurance Solutions, the company said on  Tuesday.