Kerr-McGee to Cut Production at Plant
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Kerr-McGee Chemical LLC said Wednesday that it will stop producing titanium dioxide pigment sulfate at its Savannah, Ga., plant by the end of September, affecting a quarter of the work force there.
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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.
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Hershey co.  on Thursday said it  would cut about 1,500 jobs and reduce the number of production  lines it operates by more than a third as it tries to  streamline manufacturing to improve profits.
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Whirlpool Corp.  on Thursday said it would cut 730 jobs in manufacturing plants in Tennessee as part of an ongoing move to control manufacturing costs.
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Fiat SpA's auto unit said Wednesday that it will temporarily reduce production at three factories next month, a move that will affect thousands of workers.
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The cartel moves to cut production, which could end recent declines in petroleum prices.
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Oil and gas producer Kerr-McGee Corp. (KMG.N: Quote, Profile, Research) on Wednesday reported a fall in quarterly profit, citing a writedown related to a pigment plant and higher environmental charges.
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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.
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Whirlpool Corp  said on Thursday  it planned to close two refrigerator plants and cut about 1,250  jobs in a restructuring expected to cost $15 million to $20  million.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million.
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The struggling chipmaker will eliminate around 10 percent of its workforce -- most cuts coming in management, marketing and IT -- as part of its biggest restructuring since the mid-1980s.
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An electrical equipment factory in the south Wales valleys could close with the loss of 215 jobs.
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General Motors of Canada  will  cut about 1,000 jobs at a truck plant in Oshawa, Ontario, in  January amid slumping pick-up sales, the Globe and Mail  newspaper said in its online edition on Thursday.
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By Andy Rosen  FMC Corp. announced Thursday that it will close its Curtis Bay chemical plant over the next 10 months, a move that will eliminate 130 jobs.
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Dow Chemical Co. DOW.N on Thursday   said it will shut down some plants in Canada and Italy to   enhance efficiency and cut costs.
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The US company says it plans to cut its global workforce by 10% over the coming year, but no decision has been made yet about how many jobs will be shed in Ireland.  It says the lay-offs are a result of falling sales and increasing costs in recent years.
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Chemicals group DuPont Co.  said on Monday it would close or streamline 10 plants and cut 1,500 jobs - 2.5 percent of its overall workforce - as part of a plan to restructure its nutrition and crop protection business.