Colgate to Cut About 12% of Jobs to Increase Profit
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Colgate-Palmolive Co. plans to cut about 4,440 jobs or 12 percent of its workforce in four years as competition from Procter &amp; Gamble Co.
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General Motors Corp. said Thursday it will slash 12,000 jobs from its money-losing European operations -- nearly one in five of its jobs there -- by the end of 2006 in order to save $617 million per year.
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NEW YORK, December 7  - New York based Colgate-Palmolive (CL.NYS) announced its plans today to cut its total workforce by 12% and close one third of its factories in an attempt to reduce costs and focus on the high-profit areas, such as
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Countrywide Financial Corp, the largest U.S. mortgage lender, said on Friday it plans to cut 10,000 to 12,000 jobs to cope with weak housing demand, rising foreclosures and tightening credit markets.
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General Motors today announced that it is to axe up to 12,000 jobs in Europe over the next two years in a bid to reduce its annual costs by â¬500m (Â£340m).
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General Electric Co.  said on Tuesday that it was raising its quarterly dividend by 12 percent, and that it expects to report a profit of $2.17 to $2.23 per share in 2007.
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Countrywide Financial Corp, the largest U.S. mortgage lender, plans to cut 10,000 to 12,000 jobs to cope with weakened housing demand, rising foreclosures, and tightening credit markets.
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Colgate-Palmolive today said it is cutting 4,400 jobs and closing a third of its 78 factories around the world. The group, which makes grooming and cleaning products including Colgate toothpaste and Ajax detergent
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Asset manager Putnam Investments on Monday said it planned to cut roughly 100 jobs to be more competitive. Putnam&#39;s corporate parent Marsh &amp; McLennan Cos.
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Computer hard-drive maker Seagate  Technology  on Monday said it planned to cut about 6,000  jobs as part of its just completed &#36;1.9 billion acquisition of  rival Maxtor Corp.
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General Motors Europe (GM.N: Quote, Profile, Research) will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop
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General Motors (GM) is following through with plans to axe 12,000 jobs in the loss-making European division as the car giant bids to trim operating costs by Â£350 million-a-year.
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NEW YORK CITY - Colgate-Palmolive Co. announced its plans on Tuesday to axe about 4,400 jobs and close one third of its 78 plants worldwide.
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Colgate-Palmolive Co. CL.N on  Wednesday said profit fell in the third quarter because of  increased marketing spending and higher costs for raw  materials.
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NEW YORK - Colgate-Palmolive Co., which announced Tuesday that it is eliminating 4,400 jobs, disclosed in a regulatory filing that many of its top executives and officers are given allowance of up to $11,500 a year to spend on anything from pet-sitters to
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Newly-merged telecoms firm Alcatel-Lucent is to cut 12,500 jobs in three years as profits are halved.
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Bank of America began cutting jobs Wednesday but officials would not confirm how many or where. But a spokeswoman said cuts were occurring, and would eventually reach 12,500, the same number given in spring when the merger became final.