Goldman Sachs says to cut 5 percent of workforce
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U.S. investment bank Goldman Sachs plans to sack about 5 percent of its global workforce in coming months after its annual staff evaluation, a company spokesman said on Friday.
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Bank of America Corp., which employs about 700 people in the Nashville area, plans to cut about 2.5 percent, or 4,500 jobs, from its work force nationally.
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Goldman Sachs Group  and Credit Suisse Group  on Friday said they will cut about 2,000 job worldwide as a credit crisis puts a damper on fixed-income trading and corporate dealmaking.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world's biggest carmaker said on Thursday.
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CHARLOTTE, NC Oct. 7, 2004 - Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp.
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Troubled company will trim 5% of work force due to stiff competition, soft business software market. NEW YORK  - Computer Associates said Wednesday it would cut its work force by 800 jobs, or 5 percent
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The State Compensation Insurance Fund, a state-affiliated insurer that dominates workers&#39; compensation insurance in California, said yesterday that it plans to cut its average insurance rates by 5 percent.
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Eli Lilly and Co. said Thursday it will eliminate 575 jobs to streamline operations and become more competitive. The employees in those positions, mostly sales and support jobs, will be given the choice of
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American Express Co said it will cut 2,000 jobs, or 2.5 per cent of its work force, in a restructuring designed to save more than USD 75 million a year before taxes.
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Bank of America Corp. said Thursday it will cut an additional 4,500 jobs, or 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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US Airways Group Inc. plans to eliminate &quot;hundreds&quot; of management and nonunion jobs and cut top executives&#39; pay by between 5 and 10 percent, the airline told its employees yesterday.
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PARIS/MUNICH  - Airbus plans to cut 5,000 jobs and axe another 5,000 filled by contractors, bringing total job cuts in its plants to 10,000 while limiting the impact on its own workforce, industry sources said on Tuesday.
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Bank of America said it will cut about 4,500 positions, or about 2.5 percent of its workforce, beginning this month. The layoffs will take place across the bank&#39;s geographic footprint and in all lines of business
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Oracle Corp ORCL.O, the  business software maker that recently acquired rival  PeopleSoft, said on Friday it plans to cut the combined work  force of the two companies by about 5,000 people, leaving a  total of 50,000 employees.
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Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.
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Oracle Corp. will fire 5,000 workers in the financial fallout from the business software maker's recently completed &#36;10.3 billion takeover of rival PeopleSoft Inc.
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Computer Associates International Inc.  CA.N will lay off about 5 percent of its work force in an  attempt to cut costs, the Wall Street Journal reported on  Wednesday.