Swiss International Announces Job Cuts
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Switzerland's struggling national airline announced a further cost-saving package Tuesday, saying it plans to slash up to 1,000 jobs and cut 13 aircraft from its fleet.
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ABN AMRO is to cut 2,850 jobs in its IT, investment banking and corporate banking divisions as part of a plan to cut a total of â¬770 million in costs from 2007.
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Spanish Bank Santander Central Hispano intends to cut about 3,000 jobs at Britain&#39;s Abbey National if its proposed acquisition of the British bank is completed.
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The mortgage lender IndyMac Bancorp said that it would cut its work force by 24 percent.
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BERLIN  - German chipmaker Infineon Technologies AG said Tuesday it would cut jobs and undertake a large overhaul of its money-losing fibre-optic operations following a failed attempt to sell the unit.
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A surgeon who developed an award-winning technique to cut waiting lists quits Britain for Switzerland.
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BERN, Switzerland - Telecommunications company Swisscom AG reported Wednesday that third-quarter net income fell 10 percent and said it would cut about 390 jobs, or 2.5 percent of its fulltime work force, next year.
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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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The Blue Bell, Pa.-based company said it will close some of its facilities and reduce its employee head count.
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Credit card company Capital One Financial plans to eliminate 2,000 jobs, or about 6 percent of its workforce, as part of a $700 million restructuring, the company said yesterday.
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German car maker BMW is set to eliminate "several thousand" jobs next year as part of a cost-cutting plan, a spokesman for the group told AFP on Friday.
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Allianz  will cut some 7,500  jobs or 4 percent of its global workforce as part of a  far-reaching revamp designed to boost earnings, Germany&#039;s  largest insurance group said on Thursday.
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Swiss drugs firm Novartis says it is cutting about 1,250 US jobs as it reorganises its management.
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Credit Suisse First Boston, the securities arm of Switzerland&#39;s second-biggest bank, plans to cut costs by combining some units and eliminating jobs, people familiar with the matter said.
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German drugs firm Bayer announces 6,100 job cuts worldwide as part of a major cost-cutting drive.
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Production staff - now standing at 1000 - will be cut by two-thirds as News International, the UK newspaper unit of News Corp, moves its London printing facilities from Wapping to Enfield.
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NEW YORK (CBS.MW) -- Credit Suisse Group said Tuesday it will merge its Credit Suisse First Boston investment banking division into its private and corporate bank, cutting up to 300 jobs cuts and dropping a name that&#39;s been on Wall Street for 72 years.