Alantos to cut 45 jobs, close in Mass., Germany
504116
Alantos Pharmaceuticals Inc., a Cambridge biotech company sold to Amgen Inc. for $300 million in July, plans to shut down and eliminate its 45 jobs in Massachusetts and Germany, said Amgen spokeswoman Mary Klem. Amgen, based in Thousand Oaks, Calif., has another 200 workers in Cambridge. The drug maker is offering voluntary buyouts to its older and long-term employees - ...
40657
The Kellogg Company said that it would cut about 220 jobs at its factory in Manchester, England, to counter rising expenses for fuel and commodities. Eliminating the hourly and salaried positions will cost $60 million, the company said in a filing with the Securities and Exchange Commission. The jobs will be eliminated through severance and voluntary retirement, Kellogg said. The chief financial officer, Jeffrey M. Boromisa, said cost cuts including the reductions in Manchester would lower 2006 earnings by about $90 million, or 15 cents a share. Kellogg, based in Battle Creek, Mich., employs more than 1,000 people in Manchester where it makes corn flakes and other of its cereals, said Sam Fulton, a spokesman for Kellogg in Britain.
380354
Cadbury Schweppes Plc , the world's largest confectionery group, plans to cut 7,500 jobs and close around nine plants as it seeks to catch up with the profitability of U.S. rivals after the sale of its drinks arm.
668188
Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Friday it would cut 2,290 jobs in Germany as part of a restructuring plan.
365165
RUESSELSHEIM - US automotive giant General Motors aims to slash 9,500 jobs at its German subsidiary Opel, but payroll cuts will come without compulsory redundancies, Opel&#39;s top workers representative said on Thursday.
462810
Colgate-Palmolive said that it would close about a third of its factories and cut more than 4,400 jobs over the next four years.
187285
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
453871
General Motors Europe is to slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region.
132626
Boston Scientific Corp  said on Wednesday it would cut about 2,300 jobs, or about 9 percent of its workforce, and restructure or sell several business units as part of its efforts to reduce operating expenses.
273759
Colgate-Palmolive Co. CL.N will cut  about 4,400 jobs, or 12 percent of its work force, and close  nearly a third of its factories under a restructuring, the  consumer products company said on Tuesday.
113686
Colgate-Palmolive, the US consumer products company, has said that it plans to close about a third of its factories and cut more than 4,400 jobs over the next four years as part of a major restructuring effort to increase profit margins.
715458
General Motors Corp.'s European unit Thursday announced a deal that will allow the struggling automaker to cut up to 12,000 jobs &#151; most of them in Germany, where it will offer generous incentives for employees to leave.
445661
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.
21709
Planned job cuts in the United States auto industry reached 151,457 this year through November.
543347
Finnish phone maker Nokia Corp. said Tuesday it will close a manufacturing plant and automotive supply unit in Bochum, Germany, and was in talks to sell a research and development unit in Bochum to Sasken Technologies.
134322
Mobile phone maker Nokia will lay off 2,300 employees at a German plant and move production to lower-cost European sites, the company announced Tuesday.Nokia plans to close the plant in Bochum, Germany, by midyear. Nokia also plans to close an automotive business there and is negotiating with Sasken Technologies to sell a Bochum-based software research and development entity, the company said in a news release.The Bochum site was not &quot;globally competitive,&quot; Nokia said. Additional investments would not make the site competitive, the company said.Nokia, based in Finland, announced last March that it was opening a manufacturing plant in Romania. The company also has a plant in Hungary.Market changes and &quot;increasing requirements for cost-effectiveness&quot; mean that &quot;production of mobile devices in Germany is no longer feasible for Nokia,&quot; Veli Sundb&#228;ck, executive vice president of Nokia, said in a statement. &quot;It cannot be operated in a way that meets the requirements for global cost efficiency and for flexible capacity growth. Therefore we have to make this tough decision.&quot;Nokia will negotiate with employee representatives to &quot;reach a satisfactory solution&quot; for everyone involved, the company said.
122773
The drugmaker Bayer AG said Friday that it will cut 6,100 jobs, or 5.5 percent of its work force, as it integrates Schering AG into its health care unit. More than half of the cuts will be in Europe, but about 1,000 positions will be eliminated in the United States.