Marsh to cut costs, 750 jobs
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Marsh & McLennan Cos. , the  world's largest insurance broker, on Friday announced its  second major cost-cutting program in two years, resulting in  the loss of about 750 jobs.
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SAN FRANCISCO (CBS.MW) -- Office Depot has announced cost-cutting plans that cut more than 800 jobs and pay down $250 million of debt, with related charges of about $42.
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Matav, Hungary's biggest telecommunications company, will eliminate 3,750 jobs, representing 25 percent of its workforce, within two years in a cost-cutting measure, the company announced on its website.
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Marsh &amp; McLennan, the insurance broker grappling with allegations of fraud, yesterday announced plans to cut 3,000 jobs and reported a fall in third quarter profits of more than 90%.
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British energy giant BP said Wednesday that it will cut more than 350 jobs at its North Sea operations in the face of lower output and soaring costs.
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Marsh &amp; McLennan is set to announce thousands of job cuts at its troubled insurance brokerage arm. The move follows the decision to scrap incentive commissions
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Marsh & McLennan, the US insurance broker being sued for alleged price fixing, is to cut 3,000 jobs as it faces an expected decline in its revenues.
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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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NEW YORKâSoftware maker Computer Associates International Inc. says it will cut 800 jobs, or 5 per cent of its workforce, to reduce costs amid weaker demand and falling prices for software and services.
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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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This move, and other cost-cutting measures, are expected to save the company $700 million to $800 million a year, the company said.
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Marsh &amp; McLennan Cos., the world&#39;s largest insurer, announced a five-per-cent cut to its workforce on Tuesday, in hand with a big decline in its third-quarter results.
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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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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000 jobs and said
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Marsh &amp; McLennan, the parent company of Hub funds firm Putnam Investments, announced 3,000 job cuts yesterday as it battles a scandal and a collapse in earnings.
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Marsh & McLennan Cos. , the insurance broker at the center of a bid-rigging scandal, on Tuesday said it will lay off 3,000 employees, or 5 percent of its work force.
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Sprint Corp. FON.N on Friday said it  plans to cut up to 700 jobs as it realigns its business to  focus on wireless and Internet services and takes a non-cash  network impairment charge.