EMI to axe 1,500-2,000 jobs
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EMI, the world's third-biggest music company, whose artists include The Beatles, said Tuesday that it would slash between 1,500-2,000 jobs worldwide following its recent takeover by a British private equity firm.
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The BBC said it would eliminate 2,900 jobs, or more than 10 percent of its workforce, as part of a cost-saving "transformation" of the world's biggest and best-known public broadcaster.
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General Motors (GM) plans to announce a massive restructuring Thursday that will eliminate as many as 12,000 jobs in Europe in a move to stem the five-year flow of red ink from its auto operations in the region.
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General Motors (GM) is following through with plans to axe 12,000 jobs in the loss-making European division as the car giant bids to trim operating costs by Â£350 million-a-year.
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Record label EMI, bought by private  equity firm Terra Firma last year, is set to announce on Monday  plans to cut as much as one third of its 6,000 staff, slash  marketing costs and drop artists as part of a restructuring,  the Wall Street Journal reported.
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General Motors Europe will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop 500 million euros ($673 million
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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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Freescale Semiconductor Inc. plans to cut at least 1,000 jobs from its worldwide operations, the company said as part of its second earnings report since it went public in July after being spun off from Motorola Inc.
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The record label EMI is planning to cut as many as 2,000 jobs worldwide as part of a restructuring plan.
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British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group's new owner, Terra Firma Capital Partners, reports said Sunday.
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LONDON (CBS.MW) -- The state-funded British Broadcasting Corp. said Tuesday it would eliminate close to 2,900 jobs, mainly in administration, hoping to achieve annual savings of 320 million pounds ($624 million) within three years.
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Nearly three thousand jobs are to be axed at the British Broadcasting Corporation (BBC) as part of a cost-saving &quot;transformation&quot; of the world&#39;s biggest and best-known public broadcaster.
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Ford Motor Co. announced Friday plans to cut about 1,150 jobs in England to streamline its Jaguar unit, where weak sales have failed to offset spending on new products and other parts of the 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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The British Broadcasting Corporation will slash about 2,900 jobs, more than 10 per cent of its staff, in one of the biggest shake-ups in its 82 year history.
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Britain's public broadcaster the BBC  announced plans on Thursday to cut 1,800 jobs and integrate its  TV, radio and Internet news operations to confront the  digital-age shift away from traditional media.
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Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of its biggest acts.