Boston Scientific cuts 8% of staff
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Boston Scientific Corp. , facing flagging sales for its two key product lines, said late yesterday it will eliminate 2,300 jobs, or 8 percent of its worldwide workforce, restructure parts of its business, and go forward with plans to shed some less-critical assets.
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(December 10, 2004) - Delphi Corp. said Friday it plans to cut 8,500 jobs â-r 4.6 percent of its total work force â -ldwide next year as part of an ongoing restructuring.
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EarthLink Inc said on Tuesday it will  cut about 900 jobs, or nearly half its staff, as part of a  restructuring to reduce costs at the Internet service provider.
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The McGraw-Hill Companies said it was cutting 611 jobs, or 3 percent of its staff, and taking an after-tax charge of $27.3 million, or 8 cents a share, in the fourth quarter.
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The British Broadcasting Corporation will slash about 2,900 jobs, more than 10 per cent of its staff, in one of the biggest shake-ups in its 82 year history.
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Boston Scientific Corp. , the state's largest life-science company, lost $3.6 billion last year thanks to its expensive acquisition of heart-device maker Guidant Corp. , and executives said yesterday they weren't certain when sales of its most important products would begin to recover from their slump.
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Hershey Co.  will cut 1,500 jobs, or about 11 percent of its work force, and reduce the number of production lines it operates by more than a third as it spends up to $575 million to overhaul its manufacturing, the company said on Thursday.
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Computer Associates will cut 800 jobs, the software maker said yesterday, reducing its workforce 5 percent in its biggest cost-cutting effort since 2001 amid slack demand and falling prices for software and services.
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Troubled company will trim 5% of work force due to stiff competition, soft business software market. NEW YORK  - Computer Associates said Wednesday it would cut its work force by 800 jobs, or 5 percent
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Boston Scientific Corp.  posted lower-than-expected quarterly profit on Friday as sales of its flagship drug-eluting heart stents fell by 32 percent.
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Standard &amp; Poor&#39;s Equity Research lowered the price target for Boston Scientific (nyse: BSX - news - people ) to $41 from $44 and said the company&#39;s dispute with former partner Medinol will likely go to trial next year.
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Drug wholesaler Cardinal Health Inc.  said on Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 facilities around the world as part of a plan to reduce costs.
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WASHINGTON - American firms announced the steepest job cuts in eight months in September and also slashed hiring plans, a survey showed.
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The company's development group has been hit with layoffs.
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Shares in Boston Scientific Corp. slumped yesterday after the company said its top-selling product can cause blood clots in patients' coronary arteries.
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LONDON -- British Broadcasting Corp., the world's largest public broadcasting company, announced plans yesterday for some of the biggest budget cuts in its 82-year history, slashing at least 10 percent of its staff and more than $550 million.
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The Longaberger Co. is reducing the size of a planned layoff to 784 employees, down from its July estimate of 970. The Newark-based basket maker said the jobs will end Sept.