Sainsbury to Cut Headquarter Jobs, Halve Dividend
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J Sainsbury Plc Chief Executive Justin King will cut one quarter of the company&#39;s headquarters workforce and halve the dividend as he seeks to revive profit and regain customers lost to Tesco Plc and Wal-Mart Stores Inc.
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Cadbury Schweppes said Tuesday it planned to slash 15 percent of its workforce at its confectionery arm following the likely sale of its US soft drinks business.
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Unisys Corp. plans to cut 1,400 jobs, or nearly 4 percent of its work force, and consolidate some facility space, moves that will help yield annualized savings of about $70 million a year by 2005.
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Asset manager Putnam Investments on Monday said it planned to cut roughly 100 jobs to be more competitive. Putnam&#39;s corporate parent Marsh &amp; McLennan Cos.
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J Sainsbury, the country&#39;s third biggest supermarket, said Wednesday it had received a takeover approach from a Qatari investment group.
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GlaxoSmithKline said it would cut jobs as part of a cost-savings plan after a sharp drop in sales of its diabetes drug and generic competition led to a 5.8 percent drop in profits.
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Cosmetics giant Avon is to cut 2,400 jobs as part of its multi-year restructuring programme.
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Supermarket giant Sainsbury's confirms it is to create 3,000 shopfloor jobs as chief executive Justin King unveils his strategy to revive the business.
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The struggling supermarket chain J Sainsbury today reported the first loss in its 135-year history. Sainsbury&#39;s, weighed down by the costs of overhauling its business, made a loss of Â£39m for the six months
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Supermarket group Sainsbury&#39;s is to create 3,000 in-store jobs in a bid to get more stock on the shelves. The plan is expected to form a key part of a strategy by chief executive Justin King to halt the group&#39;s decline.
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Britian's third-biggest grocer, J Sainsbury, is the target of a five-billion-pound (7.2-billion-euro, 9.1-billion-dollar) takeover bid.
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J Sainsbury today revealed it would this year suffer a Â£550m hit in profits, but said it would also recruit 3,000 shop floor staff in an effort to revive sales.
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J Sainsbury Plc , Britain&#39;s  third-biggest supermarket group, confirmed it had received a  preliminary bid approach from Qatari investment group Delta  Two.
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British pharmaceuticals giant GlaxoSmithKline said Wednesday it would cut jobs and costs, after third-quarter profits slid on poor sales of diabetes pill Avandia and fierce competition from generic drugs.
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Drugs giant AstraZeneca announces it is to cut more than a quarter of the jobs at a plant in Cheshire.
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Sainsbury's is set to create 3,000 jobs as it looks to improve services at its stores, newspapers report.
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J Sainsbury bowed to pressure from the City watchdog yesterday and admitted that interim profits were likely to plunge - the third time it has issued a profits warning in the past seven months.