Sweden Army to Cut 1,000 Officer Positions
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Sweden will cut 1,000 officer positions by next summer and not hire replacements as it scales back the historically neutral country's armed forces, the Defense Ministry said Wednesday.
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Citigroup Inc.  on Friday said it is cutting jobs in its corporate and investment bank to save money, and a person familiar with the decision said more than 1,000 positions may be lost.
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Chrysler Group plans to cut 1,000 salaried jobs by the end of June, the first action under a previously announced turnaround plan that targets a total of 13,000 job cuts, the automaker said on Friday.
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Motorola, the world&#39;s second largest mobile phone maker, is cutting 1,000 jobs although its core cellphone business will be unaffected.
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The Defence Secretary Geoff Hoon confirmed the axing of four infantry battalions today in a major restructuring of the Army.
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Motorola (Quote, Chart) said it would cut 1,000 jobs, a move prompted by the spinout of its Freescale Semiconductor (Quote, Chart) subsidiary.
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On Thursday afternoon Sweden&#39;s prime minister GÃ¶ran Persson warned that 1,000 Swedes could have died following the tsunami triggered by Sunday morning&#39;s earthquake off the coast of Sumatra.
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The Royal Swedish Academy of Music in Stockholm announced the winners, who each receive one million Swedish Crowns (approximately 110,000), in Stockholm yesterday.
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Morgan Stanley  will slash more than 1,000 jobs in the coming week, trimming costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said on Thursday.
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Sweden's government presented a contentious plan Thursday to allow a defense intelligence agency to monitor &#151; without a court order &#151; e-mail traffic and phone calls crossing the nation's borders.
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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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European aircraft maker Airbus announced 1,600 UK job cuts over four years in a crisis statement on Wednesday.
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The chief of the Indian Army says it will start to reduce the number of troops in Kashmir in line with an announcement last week by Prime Minister Manmohan Singh.
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Thousands of British soldiers will leave Iraq over the next year, significantly downgrading the country's commitment in the region, the defense secretary said Monday. Poland and Italy also announced the impending withdrawal of their remaining troops.
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STOCKHOLM, Sweden  - Sweden's transport workers union said Tuesday that as many as 2,500 of its members will go on strike Oct. 11 in response to proposed changes in salaries and working hours at SAS AB.
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General Motors of Canada will cut about 1,100 jobs at a truck plant in Ontario amid slumping pickup sales, the company said.
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Sweden's new Prime Minister ended 12 years of social democratic rule in Sunday's elections and now looks set to cut short an even older tradition.