Goodyear to Cut 340 Jobs, Take Charge
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Goodyear Tire & Rubber Co. GT.N said  on Friday it will cut 340 jobs in its engineered products and  chemical units as part of its cost-reduction efforts, resulting  in a third-quarter charge.
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Colgate-Palmolive said today that it would close about a third of its 81 factories and cut more than 4,400 jobs over the next four years in a major effort to increase profit margins pressured by global competition.
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce, after $3 billion in losses in the region in the past four years.
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Company cutting 375 jobs to eliminate redundancies in wake of ATI acquisition.
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Colgate-Palmolive Co. (CL) will cut about 4,400 jobs and close a third of its factories under a program aimed at fighting rising costs and focusing on higher-profit areas such as oral care, the company said on Tuesday.
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Bank of America said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans.
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Colgate-Palmolive Co., the consumer products giant, will close a third of its factories and cut 4,400 jobs, or roughly 12 percent of its worldwide workforce, as part of a
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Bank of America Corp., the third- biggest US bank, will cut 4,500 jobs in addition to the 12,500 positions it will eliminate as part of the purchase of FleetBoston Financial Corp.
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Goodyear Tire &amp; Rubber Co. (NYSE: GT) expects its third quarter to go from red to black as it posts record sales in this year&#39;s third quarter.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan aimed at improving sagging financial and operational results.
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Colgate-Palmolive Co. (CL.N: Quote, Profile, Research) will cut about 4,400 jobs, or 12 percent of its work force, and close nearly a third of its factories under a restructuring
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The Bank of America Corporation said yesterday that it would cut an additional 4,500 jobs from its ranks, beginning this month, as it simplifies operations.
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Countrywide Financial Corp, the largest U.S. mortgage lender, plans to cut 10,000 to 12,000 jobs to cope with weakened housing demand, rising foreclosures, and tightening credit markets.
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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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Goodyear Tire &amp; Rubber Co. (GT.N: Quote, Profile, Research) on Friday said it would report a third-quarter profit, reversing a year-earlier loss, on higher prices for its products and stronger sales.
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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.