A.I.G. Cuts 600 Jobs to Combine Units
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The job cuts come as part of A.I.G.âs move to combine units with the newly acquired 21st Century Insurance Group.
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Devonport Dockyard, which upgrades the Royal Navy's submarines, is shedding 600 jobs, the BBC learns.
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Computer Associates will cut 800 jobs, the software maker said yesterday, reducing its workforce 5 percent in its biggest cost-cutting effort since 2001 amid slack demand and falling prices for software and services.
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Software maker Computer Associates  CA.N on Wednesday said it would cut 800 jobs, or 5 percent of  its work force, to cut costs amid weaker demand and falling  prices for software and services.
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European planemaker Airbus is cutting 1,600 UK jobs over the next four year as it looks to reduce costs.
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Delta Air Lines said Wednesday that it would cut 6,000 to 7,000 jobs over the next 18 months as part of a sweeping restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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Computer Associates International Inc. announced a restructuring plan Wednesday that would reduce its work force by 800 people worldwide, saving the business software maker $70 million annually once the plan is fully implemented.
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The company says the lay-offs are part of an ongoing overhaul of its services unit.
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Retailer Home Depot Inc.  on  Wednesday said it would cut 300 jobs at its Atlanta  headquarters, or about 5.6 percent of the location's total  staff, as it shifts resources to invest in store improvements.
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Bayer, the German chemicals and pharmaceuticals giant, said on Friday that it planned to slash 6,100 jobs worldwide as part of the integration of newly-acquired drug maker Schering.
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The company axes 400 jobs, joining other hard drive makers in eliminating staff.
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Cable &amp; Wireless Group PLC swung to a profit in the first half Wednesday and said it would cut 600 jobs in a reorganization in Europe.
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The company's development group has been hit with layoffs.
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London - Cable and Wireless, the struggling British telecoms group, said Wednesday it would cut 600 jobs across Europe, part company with a top executive and shut its London headquarters.
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LONDON (CBS.MW) -- Cable &amp; Wireless, the UK and Caribbean business telecoms group, unveiled a restructuring and management reshuffle on Wednesday that will see around 600 jobs cut.
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Finance company GMAC on Wednesday said it would restructure its auto finance unit, cutting about 930 jobs and closing offices to conduct business from five regional offices in North America.
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Global Crossing Ltd. shares plummeted Monday after the once bankrupt telecommunications company announced it will cut about 600 jobs and scale down operations to free enough cash to stay fiscally afloat.