Sovereign will ax 800 jobs, 77 locally, in bid to cut costs
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Sovereign Bancorp. said yesterday it will cut 800 jobs, 77 of them locally, from its workforce of almost 9,000 and close most of its wholesale mortgage operation in an effort to slash costs by $100 million annually.
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A Chicago outplacement firm says planned job cuts announced by employers hit an eight-month high of 107,863 in September. Challenger, Gray &amp; Christmas, in a report released Tuesday
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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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Delta Air Lines will cut up to 7,000 jobs, reduce pay for other workers and close its Dallas hub as part of an effort to slash nearly $3 billion more in annual costs and chart a course toward financial recovery.
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Delphi Corp. said Friday it plans to cut 8,500 jobs -- or 4.6 percent of its total work force -- worldwide next year as part of an ongoing restructuring.
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Delta Air Lines, the third-largest carrier in the United States, announced Wednesday it will cut 7,000 jobs -- 10 percent of its workforce -- during the next 18 months and will slash wages.
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Sprint Corp. (FON.N: Quote, Profile, Research) on Friday said it plans to cut up to 700 jobs as it realigns its business to focus on wireless and Internet services and takes a non-cash network impairment charge.
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Troubled company will trim 5% of work force due to stiff competition, soft business software market. NEW YORK  - Computer Associates said Wednesday it would cut its work force by 800 jobs, or 5 percent
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EarthLink Inc  said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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Company plans to cut up to 7000 jobs this year as it transitions to digital technologies.
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Spain&#39;s SCH plans to cut around 3,000 jobs at takeover target Abbey National to meet its goal of reducing costs by 450 million euros (302 million pounds) at the bank within three years.
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Almost 700 jobs are to go at Allders as its administrators cut costs at the stricken company.
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Qantas could move as many as 7,000 jobs overseas to save costs, according to The Australian newspaper.
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Austin-based Temple-Inland Inc. (NYSE: TIN) plans to lay off about 8 percent of the company&#39;s workforce, or about 1,500 employees.
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Mobile phone maker had earlier said it would cut 3,500 jobs by June 30 as part restructuring plan to lower costs.
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Global Crossing plans to eliminate 600 jobs, roughly 15 percent of its workforce, by March 2005 as part of a restructuring plan. The company needs an additional $40 million in financing to fund
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NEW YORKâSoftware maker Computer Associates International Inc. says it will cut 800 jobs, or 5 per cent of its workforce, to reduce costs amid weaker demand and falling prices for software and services.