Belo to Cut 250 Jobs, Completes Circulation Probe
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Belo Corp. said on Wednesday it would cut more than 3 percent of its work force, mostly at its Dallas Morning News, which is grappling with a recent scandal into inflated circulation data provided to advertisers.
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CHARLOTTE, N.C.  -- Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp. last spring.
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Putnam Investments said Monday it will cut about 100 jobs, an announcement that came a week after parent company Marsh &amp; McLennan Cos.
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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.
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Media company Belo Corp. on Monday said it would refund &#36;23 million to advertisers because of a circulation scandal at its Dallas Morning News newspaper, resulting in a charge against earnings in the current quarter.
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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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Motorola said yesterday it would cut 1,000 jobs, as the company continues to refocus on its core mobile phone business. It said some positions being cut were related to the Freescale Semiconductor division that Motorola is in the process of spinning off.
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Belo (BEE&#39;-loh) Corporation has acknowledged improper circulation reporting at its main newspaper -- The Dallas Morning News. Belo has received an informal inquiry from the SEC and the company is responding to it.
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Nortel Networks Ltd. (NYSE/Toronto: NT - message board) today fleshed out its staff reduction plans by announcing that 3,250 posts will be cut, down from the expected 3,500 (see Nortel Cuts 3,500 Jobs ). North
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Nortel Networks Corp., North America&#39;s biggest maker of phone equipment, will pare 3,250 jobs, 250 fewer than it predicted last month, as it reduces other costs including real estate.
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LONDON The British Broadcasting Corporation has announced a major cost-cutting move, eliminating about 29-hundred jobs or more than a-tenth of its work force.
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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 & McLennan Cos. MMC.N on   Friday said it will cut 750 jobs and take a $225 million charge   in its second cost-cutting plan in two years in a bid to save   $350 million annually.
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Bank of America plans to cut about 150 city jobs as it trims its overall staff by 4,500, people familiar with the situation said. The cuts at the bank, which already said it would slash 12,500
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But only 1 in 10 will get the golden ticket EDS has told its staff that it plans to make up to 250 job cuts by the end of this month.â¦
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Goodyear Tire &amp; Rubber Co. (GT.N: Quote, Profile, Research) said on Friday it will cut 340 jobs in its engineered products and chemical units as part of its cost-reduction efforts, resulting in a third-quarter charge.
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CHARLOTTE, NC Oct. 7, 2004 - Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp.