American Express to eliminate 2,500 jobs in restructuring
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New York (Dow Jones) -- American Express Co. said Friday it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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Bank of America Corp. is cutting 4,500 jobs, or 2.5 percent of its work force, with the firings spread throughout the company. The company says it&#39;s part of a &quot;simplification&quot; of its business model.
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ABN Amro, the Netherlands&#39; largest bank, is to cut 2,850 jobs as a result of falling profits. The cuts - amounting to 3% of the bank&#39;s workforce - will result in a one-off charge of 790m euros ($1.1bn).
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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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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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Swedish-Finnish telecommunications operator TeliaSonera said Friday it would slash 2,900 jobs to improve efficiency as it reported a 5.2 percent rise in 2007 earnings that failed to please the market.
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COMPUTER Associates International has announced a restructuring plan that will reduce its work force by 800 people worldwide, saving the company $US70 million ($97 million) annually once the plan is fully implemented.
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NEW YORK -- Delta Air Lines Inc. , the number three US carrier, said yesterday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between 1,600 and 1,800 supervisory and administrative personnel as part of a previously announced plan to cut total staffing by 7,000.
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French insurance firm AGF, part of  Germany's Allianz , is planning to cut between 1,500  and 2,000 jobs, a newspaper reported on Saturday, and the  company said it was consulting with staff on boosting  competitiveness.
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Bank of America Corp , the second-largest U.S. bank, on Wednesday said it plans to eliminate 3,000 jobs, and that the head of its corporate and investment banking unit will depart after a dismal quarter led to a 32 percent drop in quarterly profit.
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Business & money: Closure plans put up to 2,800 jobs at risk.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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IndyMac Bancorp Inc , one of  the largest U.S. mortgage lenders, said on Tuesday it is  eliminating 2,403 jobs, or 24 percent of its workforce, to cope  with deteriorating housing and capital markets.
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NOVEMBER 02, 2004 (IDG NEWS SERVICE) - America Online Inc. plans to lay off 700 employees, about 5% of its US workforce, by the end of the year, several news organizations reported today.
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General Motors (GM) plans to announce a massive restructuring Thursday that will eliminate as many as 12,000 jobs in Europe in a move to stem the five-year flow of red ink from its auto operations in the region.
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Swiss Re is to cut 2,000 jobs at its Insurance Solutions unit, bought from GE last year, by the end of 2007.
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AMSTERDAM, DECEMBER 16: Dutch financial group ABN AMRO said on Thursday it would cut 2,850 jobs in a restructuring in which it broadens group shared services (GSS) and refines its wholesale clients business unit.