EMI to axe 1,500-2,000 jobs worldwide
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EMI, the world's third-biggest music company, whose artists include The Beatles, said Tuesday it would slash 1,500-2,000 jobs worldwide following its takeover by a British private equity firm.
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The British Broadcasting Corporation on Tuesday said it would cut about 2,900 jobs, more than 10 per cent of its workforce, as a part of &quot;transformation&quot; of the world&#39;s biggest public broadcaster, aimed at saving 320 million pounds a year.
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LONDON -- The British Broadcasting Corp. announced Thursday it will cut 1,800 jobs, broadcast fewer programs and require staff to create content for television, radio and the Internet, creating a showdown with journalists and other employees.
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Terra Firma, the private equity firm that recently acquired EMI Group, announced a major restructuring of the music company, saying it would eliminate close to a third of the staff.
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Swiss Re  will cut 2,000 jobs  by 2007, or 17.5 percent of its global workforce, through  layoffs and attrition in the wake of its &#36;7.4-billion takeover  of U.S.-based GE Insurance Solutions, the company said on  Tuesday.
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Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of its biggest acts.
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NEWS International, the UK newspaper unit of News Corp, is to cut its 1000-person production staff by two-thirds and move its London printing facilities from Wapping to Enfield, in north London.
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EMI lost two of its biggest acts in  2007, is in danger of losing more, has seen record sales slump  and on Tuesday announced major layoffs.
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The US company says it plans to cut its global workforce by 10% over the coming year, but no decision has been made yet about how many jobs will be shed in Ireland.  It says the lay-offs are a result of falling sales and increasing costs in recent years.
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EMI, the world's third largest music label, is actively considering removing the digital rights management restrictions from its song catalog and selling tracks online in MP3 format, according to a report published in The Wall Street Journal Friday.
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About 360 British jobs are axed by a Swiss agrochemical firm as part of a worldwide cost-cutting move.
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Over the next to years more than 1,100 jobs located in United Kingdom, will be shift to India, according to the Royal &amp; Sun Alliance plans.
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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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Unisys Corp. plans to cut 1,400 jobs, primarily in general and administrative areas, and consolidate its office space worldwide, it announced Wednesday.
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Britain's public broadcaster, the BBC, announced one of the biggest shake-ups in its 82-year history Tuesday, with plans to axe at least 2,900 jobs, or 10 percent of its workforce, and trim &#36;624 million in costs.
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Dutch Bank ABN Amro NV said Thursday it will cut 2,850 jobs in dozens of countries in an effort to save euro770 million (around US$1 billion) annually from 2007.
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LONDON The BBC, Britain&#39;s august public broadcaster, said Tuesday that it would cut 2,900 jobs as part of a &quot;transformation&quot; designed to safeguard the 82-year-old organization&#39;s future in the digital era.