Colgate-Palmolive to axe 4,400 jobs
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NEW YORK CITY - Colgate-Palmolive Co. announced its plans on Tuesday to axe about 4,400 jobs and close one third of its 78 plants worldwide.
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Bank of America said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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The company announces a huge four-year restructuring plan.
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JP Morgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
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JPMorgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
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The cellphone-network equipment maker said that it would cut up to 4,000 jobs, about 5.4 percent of its work force, after profit plunged 42 percent in the fourth quarter.
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Colgate-Palmolive Co. , the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide workforce by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan aimed at boosting its sales and profits. Its stock climbed nearly 8 percent.
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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 will begin this month to cut 4,500 jobs across the company, predominantly in non-customer-facing positions. Bank of America said the cuts will spell $150 million in severance
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan to improve sagging financial and operational results.
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NEW YORK - Colgate-Palmolive Co, which makes consumer products like Colgate toothpaste and Ajax detergent, plans to cut its work force by about 4,400 jobs as part of a restructuring plan aimed at boosting its sales and profits around the world.
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CONSUMER goods maker Colgate-Palmolive said today it would cut about 12 per cent of its 37,000-person work force and close a third of its factories worldwide as part of a four-year restructuring.
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CHARLOTTE, NC - Bank of America said Thursday it will cut about 4,500 jobs beginning this month as a result of its merger with FleetBoston Financial Corp.
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Motorola Inc.  said it expects to cut an  additional 4,000 jobs as it continues to lower costs.
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The financial services giant Wachovia Corp. posted a 32 percent rise in fourth-quarter earnings Wednesday even as it confirmed plans to eliminate up to 4,000 jobs - about 4 percent of its workforce - by 2007.
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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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Colgate-Palmolive Co., the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide work force by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan