Rolls-Royce to cut up to 2,300 jobs worldwide: company
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Engine manufacturer Rolls-Royce Group plc is to cut up to 2,300 jobs in Britain, Europe and the United States in a bid to trim costs, the company said Friday.
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Boston Scientific Corp. , facing flagging sales for its two key product lines, said late yesterday it will eliminate 2,300 jobs, or 8 percent of its worldwide workforce, restructure parts of its business, and go forward with plans to shed some less-critical assets.
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The world's largest automaker lowered its annual earnings forecast Thursday, a few hours after announcing plans to cut about 20 percent of its European workforce by the end of 2006 in hopes of saving about $600 million a year.
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Music company EMI, home to Robbie  Williams and Coldplay, will cut up to 2,000 jobs as part of a  restructuring being planned by its private equity boss Guy  Hands, Sunday newspapers reported.
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General Motors Europe announced yesterday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving US$617 million per year.
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LONDON (CBS.MW) -- General Motors said it will cut 12,000 jobs in Europe over the next two years, with the majority of cuts happening in Germany.
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Bayerische Motoren Werke AG, the world&#39;s second-largest maker of luxury cars, said Karl-Heinz Kalbfell, 54, resigned as head of its Rolls-Royce Motor Cars unit to take a position at an unidentified auto-industry company.
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General Motors, the biggest car maker, said it has started negotiations with unions to cut jobs in Europe. Car giant is going to cut as much as 12,000 jobs in its Europe unit that suffered losses recently.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world's biggest carmaker said on Thursday.
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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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(Detroit-AP) Dec. 10, 2004 - The world&#39;s largest automotive supplier says it will slash 8500 jobs next year. Delphi had set the same goal for this year and exceeded it.
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Coca-Cola Enterprises, the largest bottler of Coca-Cola, said yesterday that it planned to cut about 3,500 jobs, or 5 percent of its global work force, after taking a $2.9 billion impairment charge in 2006.
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Dutch Bank ABN Amro NV said Thursday it will cut 2,850 jobs in dozens of countries in an effort to save euro770 million (around US$1 billion) annually from 2007.
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The record company's response to dwindling CD sales is cutting up to 2,000 jobs worldwide in an attempt to save $400 million
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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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General Motors today announced that it is to axe up to 12,000 jobs in Europe over the next two years in a bid to reduce its annual costs by â¬500m (Â£340m).
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French insurance firm AGF, part of  Germany's Allianz , is planning to cut between 1,500  and 2,000 jobs, a newspaper reported on Saturday, and the  company said it was consulting with staff on boosting  competitiveness.