Realignment at Macyâs to Eliminate 2,300 Jobs
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Macyâs Inc. said on Wednesday that sales at its department stores open at least one fiscal year fell 7.1 percent in January, and announced plans to cut costs that include eliminating roughly 2,300 positions.
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CHICAGO - Delta Air Lines (DAL) said Wednesday it plans to eliminate between 6,000 and 6,900 jobs during the next 18 months, implement a 10% across-the-board pay reduction and reduce employee benefits.
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Bank of America plans to move an additional 300 jobs from its Wealth and Investment Management businesses to Boston. The bank was sharply criticized after it cut jobs at former Fleet branches in Massachusetts.
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The decision comes on top of 12,500 job cuts that the bank initially said it would eliminate during the merger. The bank&#39;s move drew fire from two Massachusetts
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The retailer narrows its focus, but its work isn't done.
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Indianapolis, Sept. 14 - Starting in January you won&#39;t be able to shop at a Lazarus-Macy&#39;s store. Federated Department Stores plans to put all of its regional chains under its Macy&#39;s brand name.
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U.S. retailer Macy's Inc said on Friday it would close nine underperforming stores in Indiana, Ohio, Louisiana, Oklahoma, Utah and Texas.
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Credit card company Capital One Financial plans to eliminate 2,000 jobs, or about 6 percent of its workforce, as part of a $700 million restructuring, the company said yesterday.
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The company cited "challenging market conditions" and customer uncertainty and said it would eliminate 3,500 more positions.
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Ohio-based Federated Departments Stores Inc. is rebranding 184 of its regional department stores to its Macy&#39;s name. The change should be completed by January and will give
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State Street Corp. said it will eliminate 425 jobs as a cost-cutting move after the financial firm yesterday reported a weak third quarter in which earnings fell 13 percent because of a sharp drop-off in lending and trading activities in securities markets.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) , the No. 3 US carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between
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Recognizing the power of its single largest retailing name, Federated Department Stores Monday said it will re-brand all of its regional chains into Macy&#39;s stores.
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The record label EMI is reported to be planning to cut as many as 2,000 jobs as part of a restructuring plan.
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Retailer Home Depot Inc.  on  Wednesday said it would cut 300 jobs at its Atlanta  headquarters, or about 5.6 percent of the location's total  staff, as it shifts resources to invest in store improvements.
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In a major revamping of its sluggish clothing business, Wal-Mart Stores will shut two divisions at its headquarters in Arkansas.
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Hoping to halt nine-straight quarters of net losses, young women&#39;s fashion retailer Wet Seal announced Tuesday it would close about 150 stores -- including two in the Triangle -- and lay off 2,000 employees.