Colgate to cut about 4,400 jobs
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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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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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Colgate-Palmolive, the consumer products company, said yesterday that it would close about a third of its factories and cut more than 4,400 jobs over the next four years as part of a major restructuring effort to increase profit margins.
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The UK's biggest insurer Aviva, which owns Norwich Union, announces plans to cut 4,000 UK jobs by 2008.
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Bank of America said yesterday that it would cut another 4,500 jobs in the wake of its $47bn merger with rival bank FleetBoston. The cuts amount to 2.5% of the combined group&#39;s workforce.
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The company axes 400 jobs, joining other hard drive makers in eliminating staff.
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Sprint Nextel , the No. 3 U.S. mobile service, said on Friday it would cut about 4,000 jobs within the company, close 125 stores and reduce its use of outsourced services to improve its financial performance.
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Bank of America said Thursday it will layoff 4,500 employees as part of the companyâs ongoing integration of FleetBoston Financial.
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Colgate-Palmolive is to cut about 4,440 jobs -12 per cent of the workforce - and close roughly one-third of its factories amid fierce competition from Procter &amp; Gamble.
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Colgate-Palmolive Co. CL.N will cut  about 4,400 jobs and close a third of its factories under a  program aimed at fighting rising costs and focusing on  higher-profit areas such as oral care, the company said on  Tuesday.
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Colgate-Palmolive said that it would close about a third of its factories and cut more than 4,400 jobs over the next four years.
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TORONTO -- Nortel Networks yesterday gave details of a previously announced job cut program, saying it is cutting 1,400 positions in the United States by next June.
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Unisys Corp. plans to cut 1,400 jobs, or nearly 4 percent of its work force, and consolidate some facility space, moves that will help yield annualized savings of about $70 million a year by 2005.
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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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Consumer goods maker Colgate-Palmolive  Co. CL.N said on Tuesday it would cut about 12 percent of its  37,000-person work force and close one-third of its factories  worldwide as part of a four-year restructuring.
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Alcatel-Lucent  on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
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The U.S. economy shed 4,000 jobs in August, as layoffs in the mortgage and construction industries combined with the ongoing slide in manufacturing employment to produce the first such monthly decline in four years.