Commerzbank to axe 900 jobs
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Commerzbank, the second-biggest listed bank in Germany, said it plans to cut 900 jobs in its loans and IT divisions as part of the integration of the newly acquired real estate financier Eurohypo.
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General Motors Corp.  will cut about 900 jobs early next year at a pickup truck plant in Pontiac, Michigan, in a move underscoring sagging demand for some of its most profitable vehicles.
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LONDON (CBS.MW) - Commerzbank AG, Germany&#39;s third largest bank by market value, unveiled plans on Tuesday to cut jobs and scale back its unprofitable investment banking division.
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Deutsche Bank is streamlining the management of its investment banking arm, raising fears that jobs may be lost in the City. The German bank is reducing the number of executives running its investment banking
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Kodak Versamark&#39;s parent company, Eastman Kodak Co., reported Tuesday it plans to eliminate almost 900 jobs this year in a restructuring of its overseas operations.
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Manugistics Group Inc., facing falling revenue and losses that more than doubled in its second quarter, said Thursday it will lay off more than 90 employees by the end of January.
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HSBC is to open 90 out of its 1500 branches on Tuesday, but unions warn that they will not allow staff to be compelled to give up their bank holiday.
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CABLE &amp; Wireless has unveiled another round of job cuts, with the announcement that it plans to reduce its head count in the UK and Continental Europe by 600.
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Banking giant HSBC is to close part of its US sub-prime mortgage business, cutting 750 jobs in the process.
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Lehman Brothers Holdings Inc said on Thursday it will fire another 850 workers, or about 3 percent of its work force, as it scales back its mortgage lending efforts globally.
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The BBC today confirmed plans to axe 2,900 jobs over the next three years under moves to make savings of Â£320 million. In a special message to staff, director general Mark Thompson said
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Commerzbank, stung by its foray into the volatile world of proprietary trading, announced Tuesday that it would shut the bulk of its investment banking operations outside Germany.
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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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French retail group Carrefour is to close 16 Belgian outlets and shed 900 jobs, or five percent of its 18,000-strong workforce in Belgium, the company said Wednesday.
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Bank of America Corp. said yesterday it will slash 3,000 jobs from its workforce of nearly 200,000 and move its top Boston executive to New York to take over the company's troubled investment banking unit.
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Office Depot plans to cut 900 jobs as it consolidates operations at eight call centers and offices in six states. In a filing with the Securities and Exchange Commission, Office
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Commerzbank AG said Tuesday it had narrowed its third-quarter net loss but was slashing 900 of the 2,000 jobs in its investment banking division, practically eliminating the unprofitable department.