Cadbury to cut 7,500 staff after likely sale of US drinks unit
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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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Swiss food group Nestle has said it would slash 645 jobs at a chocolate factory in the northern English city of York.
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Capital One says it expects to cut 2,000 jobs - about 7% of its workforce - as it battles rising competition.
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Two analysts lowered their 2007 earnings estimates for the largest soft-drink bottlers on Wednesday, citing probable price increases of the beverage concentrate they buy from Coca-Cola Co.  and PepsiCo Inc. .
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Cardinal Health, the drug wholesaler, said Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 manufacturing and distribution locations as part of a plan to reduce costs.
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AT&amp;T Corp. announced Thursday that it is cutting at least 7,500 more jobs and slashing the value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan to retreat from the traditional consumer telephone business.
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US firms cut back on the total number of staff employed for the first time in four years, official data shows.
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CONSUMER goods maker Colgate-Palmolive said today it would cut about 12 per cent of its 37,000-person work force and close a third of its factories worldwide as part of a four-year restructuring.
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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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The world&#39;s biggest confectioner Cadbury Schweppes PLC said Friday its full-year results would be at the lower end of target ranges after a wet summer curbed soft drinks sales in Europe.
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At least two bidding  groups plan to submit offers on Friday to acquire Cadbury  Schweppes Plc&#39;s  U.S. beverage unit for as much as  $15.8 billion (8 billion pounds), sources familiar with the  situation said on Tuesday.
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Cadbury Schweppes, the world's biggest maker of sweets and chocolate, said on Tuesday that net profits plunged by 65 percent last year when results were skewed by the 2006 sale of its Europe Beverages unit.
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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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Telecommunications equipment maker Agere Systems Inc. said Wednesday it will lay off 500 employees, or 7.6 per cent of its workforce, as part of a corporate restructuring.
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Drug wholesaler Cardinal Health Inc. (CAH.N: Quote, Profile, Research) said on Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 facilities
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Capital One Financial Corp., the holding company of Capital One Bank, plans to eliminate about 750 jobs as it shifts the majority of its production service operations to a U.S.-based supplier, the company reported Tuesday.
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Cadbury Schweppes is preparing to announce on Tuesday that is will sell its American beverage business, according to people close to the company.