Svenska Cellulosa to Slash 1,200 Jobs
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Papermaker and forest products company Svenska Cellulosa AB said Tuesday it would cut 1,200 jobs, or 2.4 percent of its overall work force, as it seeks to cut costs amid competition from rivals and declining demand. Most of the job losses will be at plants in France and the Netherlands.
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Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Friday it would cut 2,290 jobs in Germany as part of a restructuring plan.
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The announcement came almost two months after its parent company, Hertz Global Holdings, said it would eliminate 200 jobs to increase competitiveness.
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Hershey co.  on Thursday said it  would cut about 1,500 jobs and reduce the number of production  lines it operates by more than a third as it tries to  streamline manufacturing to improve profits.
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Media owner Belo Corp. said yesterday it would cut 250 jobs, more than half of them at its flagship newspaper, The Dallas Morning News, and that an internal investigation into circulation overstatements showed the projected circulation decline at the newspaper would be slightly steeper than forecast last month.
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US auto giant General Motors has decided to shut down one of its two mid-size car-making plants in Europe next year, a decision that could force its subsidiary Saab to close operations in Sweden and slash 6,300 jobs, the Swedish metalworkers' union said.
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Stora Enso, the worldâs largest paper maker, left, wrote down the value of its assets by $1.36 billion because of higher wood costs and a deteriorating outlook for magazine papers.
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Hard-pressed luxury marque Jaguar says it will cut about 1,150 jobs at its main plant in Coventry in a bid to return to profits, in another blow to Britain&#39;s fading glory as a carmaking centre.
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Ford Motor Co. announced Friday plans to cut about 1,150 jobs in England to streamline its Jaguar unit, where weak sales have failed to offset spending on new products and other parts of the business.
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The shipping giant P&amp;O, under increasing pressure from low-cost airlines and the Channel tunnel, today revealed plans to cut four ferry routes and slash its workforce by 1,200.
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British-based publishing and exhibitions group United Business Media Plc, which has been reducing its exposure to print in favor of online media, said it was cutting more than 200 jobs at its U.S.-based technology media business.
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The New York Times Co.  plans  to make the size of its flagship newspaper narrower and close a  printing plant, resulting in the loss of 1,050 jobs, the  company said in a story posted on its Web site late on Monday.
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P&amp;O is to cut up to 1,200 jobs and slash services in a plan to salvage its loss-making ferry business, which has been hit by competition from low-cost airlines.
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T-Mobile, Germany's leading mobile phone operator, said it was planning to axe up to 2,200 jobs as part of a  one-billion-euro (1.3-billion-dollar) cost-cutting drive to boost profitability in face of current difficult market conditions.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million, while adding 875 jobs at two other plants.
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Carnegie has decided on staff reductions of 20 employees in Sweden, following a number of cost-efficiency projects and streamlining of the organisation as well as the development of business area Asset ...
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The popularity of cut-price airlines and the Eurostar rail service to the continent is threatening to sink the ferry industry, where 1,200 job losses were announced yesterday.