Hertz to cut 1,350 jobs, sees 1st-quarter charge
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Rental-car operator Hertz Global  Holding Inc.  said on Wednesday it plans to cut 1,350  jobs resulting in annual savings of about $125 million as it  seeks to improve competitiveness.
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Title insurer First American Corp.  said on Tuesday that it expected to reduce personnel by about 1,300 in the third quarter, citing rapidly changing economic conditions.
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International Business Machines  Corp.  said it laid off about 1,570 employees on  Wednesday in its computer services business in the United  States, part of a plan to trim costs in the unit.
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Reflecting the recent cut revenue expectations and lowered analyst forecasts, North American semi equipment manufacturers reported a book to bill ration of 1.0 with $1.
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Tokyo-based Japan Airlines Corp. hopes to cut 1,000 jobs by encouraging employees to retire early, sources told Kyodo News.
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The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.
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AT&amp;T Corp. on Thursday said it is reducing one fifth of its workforce this year and will record a non-cash charge of approximately $11.
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The company said fourth-quarter net profit fell 42 percent to 5.6 billion kronor ($880 billion) and announced it would cut 1,000 jobs as part of a cost-cutting strategy.
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Bank of Montreal  said on Wednesday it will cut about 1,000 jobs and take a C$135 million ($115 million) charge in the first quarter as it tries to rein in costs to help meet its 2007 financial targets, a move that took analysts by surprise.
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Citigroup  will announce plans to  cut payrolls by 17,000 to 24,000 people when it reports  earnings on Tuesday, CNBC television reported on Monday, adding  that the layoffs could take place over a year.
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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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General Motors yesterday reached an agreement to slash nearly a third of its German workforce in a government-supported deal that could cost the US carmaker about $1 billion (Â¤750,824 million).
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, on Friday said it will cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, accelerating a restructuring plan.
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As it announced 23-percent decline in fourth-quarter profit, Yahoo also said it planned to cut 1,000 jobs from its 14,000-member work force, far more than expected.
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About 1,000 employees at Fleet branches across the Northeast got the ax yesterday - and thousands more job cuts are on the way as new owner Bank of America Corp. aims to hit its goal of reducing total employment by 12,500.
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Citigroup Inc. C.N on Friday said it  is cutting jobs in its corporate and investment bank to save  money, and a person familiar with the decision said more than  1,000 positions may be lost.
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Telecommunications equipment maker  Motorola Inc. MOT.N said on Tuesday that it would cut 1,000  jobs and take related charges of about $50 million to focus on  its wireless business.