Whirlpool to cut 1,250 jobs
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million.
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Rental-car operator Hertz Global Holding Inc.  said on Wednesday it plans to cut 1,350 jobs resulting in annual savings of about $125 million as it seeks to improve competitiveness.
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Whirlpool Corp. , the world's largest appliance maker, on Wednesday reported lower fourth-quarter net earnings after a loss from discontinued operations tied to assets acquired when it bought Maytag last year.
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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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P&amp;O says it will cut up to 1,200 jobs and slash services as part of a review to reduce costs at its loss-making ferries business.
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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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International Business Machines  Corp.  said it laid off about 1,570 employees on  Wednesday in its computer services business in the United  States, part of a plan to trim costs in the unit.
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Siemens AG plans to cut 1,250 jobs in its wireline network business as it restructures the unit, the German engineering giant said Friday.
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Appliance maker Whirlpool Corp.   on Tuesday lowered its profit outlook for 2006 as it integrates  recently acquired Maytag, but said 2007 profit would be higher  than current Wall Street estimates as it realizes cost savings  from the buyout.
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Capital One Financial Corp., the holding company of Capital One Bank, plans to eliminate about 750 jobs as it shifts the majority of its production service operations to a U.S.-based supplier, the company reported Tuesday.
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TORONTO -- Nortel Networks yesterday gave details of a previously announced job cut program, saying it is cutting 1,400 positions in the United States by next June.
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Iomega Corp. will cut its workforce by 25 percent and end development of its DCT (Digital Capture Technology) product line in a restructuring aimed at cutting costs and
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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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Media owner Belo Corp. said yesterday it would cut 250 jobs, more than half of them at its flagship newspaper, The Dallas Morning News, and that an internal investigation into circulation overstatements showed the projected circulation decline at the newspaper would be slightly steeper than forecast last month.
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Troubled German regional bank WestLB plans to cut 1,700 jobs, or around 30 percent of its workforce, as part of a plan to save it from ruin, the German magazine Focus said Friday.
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Cost-cutting moves are benefiting Whirlpool, but they will soon run their course.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said it would cut 1,000 jobs  in three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.