EMI to cut up to 2,000 jobs
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or more than a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.
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Electronic Data Systems Corp.  EDS.N, one of the world's biggest computer services company,  is likely to cut up to 20,000 jobs over the next two years, the  company's chief executive said on Thursday.
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NEW YORK -- American Express Co. Friday said it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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Peninsular &amp; Oriental Steam Navigation Co., the UK&#39;s largest ferry and ports operator, plans to cut 1,200 jobs and shut routes to stem losses in the cross-channel ferries business.
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or just over a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.
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Britain&#39;s public broadcaster, the BBC, announced one of the biggest shake-ups in its 82-year history Tuesday, with plans to axe at least 2,900 jobs, or 10 percent of its workforce, and trim $624 million in costs.
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Germany's leading bank, Deutsche Bank, is to tell its employees next week of plans to cut some 2,000 jobs to increase profitability, according to a report.
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CABLE &amp; Wireless has unveiled another round of job cuts, with the announcement that it plans to reduce its head count in the UK and Continental Europe by 600.
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The announcement came almost two months after its parent company, Hertz Global Holdings, said it would eliminate 200 jobs to increase competitiveness.
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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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Britain's public broadcaster, the BBC,  announced one of the biggest shake-ups in its 82-year history  Tuesday, with plans to axe at least 2,900 jobs, or 10 percent  of its workforce, and trim $624 million in costs.
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The British Broadcasting Corporation is cutting nearly 3,000 jobs in a drive to reduce costs. Mark Thompson, director-general of the BBC, told staff members Tuesday that 2,500 jobs
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Terra Firma plans to dismiss about a third of the staff at  EMI as it moves to streamline marketing operations and focus on the discovery of new artists.
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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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Eli Lilly and Co. LLY.N said  Thursday it plans to cut 575 jobs, or a little more than 2  percent of its U.S. workforce, in a move to streamline its  operations.
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BAA, the main operator of Britain&#39;s airports, is planning to cut 2,000 jobs in a bid to cut costs after its Spanish owner Ferrovial told its seven British airports to conduct cost and staffing reviews, The Times reported on Thursday.
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General Motors' European unit is to cut 10,000 jobs in Germany as part of a plan to save  $665m (Â£347m) annually.