US firms announce 104,530 job cuts in November, survey shows
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US employers announced plans in November to step up job cuts, with the total exceeding 100,000 for the third month in a row, an industry survey showed.
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WASHINGTON (CBS.MW) -- Layoff announcements by US companies surged 45 percent in September to nearly 108,000, the highest number of planned job cuts since January, outplacement firm Challenger Grey &amp; Christmas said Tuesday.
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Electrical systems maker American   Power Conversion Corp. APCC.O said on Friday it will cut 4   percent of its global work force, or about 330 jobs, as part of   an ongoing cost-cutting bid.
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US planned job cuts eased in October but remained above the 100,000 level for the second month in row, a report said Tuesday. Employment consulting firm Challenger, Gray &amp; Christmas Inc.
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US firmss have cut back on the total number of staff employed for the first time in four years, official data shows.
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U.S. employers unexpectedly cut  17,000 non-farm jobs in January, the first time in nearly 4-1/2  years that U.S. payrolls shrank as fading construction and  manufacturing sectors reflected the economy's waning momentum.
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NEW YORK - A rash of job cuts - more than 10,000 layoffs just this week from a handful of companies - has created some gloom on the jobs front. But Friday's release of jobs data for September was expected to show a steady unemployment rate and creation between about 50,000 to 250,000 new jobs, though uncertainties such as the effects of last month's hurricanes kept the estimates all over the map, said Wachovia Corp...
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Bank of America Corp., which employs about 700 people in the Nashville area, plans to cut about 2.5 percent, or 4,500 jobs, from its work force nationally.
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Job trimming at technology companies took off during the past three months, according to a new report.
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Bank of America said it will cut about 4,500 positions, or about 2.5 percent of its workforce, beginning this month. The layoffs will take place across the bank&#39;s geographic footprint and in all lines of business
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US employers pulled back on hiring as they entered the holiday shopping season, adding just 112,000 new jobs overall in November. It was the weakest gain in five months and about half of what economists had forecast.
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NEW YORK, December 2  - The US witnessed increased factory activity in November, with new orders and employment picking up in the manufacturing sector.
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Financial companies slashed 52,500 jobs from July to December 2007, revealing how badly the subprime debacle has hurt these employers, but such companies based in New York City hired 1,900 people during that period, a new report said on Wednesday.
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Planned job cuts in the United States auto industry reached 151,457 this year through November.
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Job-cutting continued across the country at a breakneck pace in October, according to the monthly survey by Challenger, Gray &amp; Christmas Inc.
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THE REGION Procter &amp; Gamble Co. has eliminated 2,800 positions over the past fiscal year, with more than half coming from Gillette, as a result of P&amp;G's takeover of the Boston shaving firm. P&amp;G's $54 billion acquisition of Gillette is expected to result in an estimated 5,000 job cuts from the combined workforce of about 140,000. Already, Boston has lost ...
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Bank of America Corp., which operates 25 branches in San Antonio, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.