French insurer AGF plans 1,500-2,000 layoffs: report
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French insurance firm AGF, part of Germany's Allianz , is planning to cut between 1,500 and 2,000 jobs, a newspaper reported on Saturday, and the company said it was consulting with staff on boosting competitiveness.
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America Online, the world&#39;s largest Internet service provider, plans to lay off more than 700 employees early next month, or 5 percent of its US work force, to cut costs and meet financial goals, a source close to the company said on
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Bank of America Corp , the  second-largest U.S. bank, plans to lay off 3,000 people in its  corporate and investment banking unit, including its chief, the  Wall Street Journal reported Wednesday, citing people familiar  with the situation.
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General Motors Europe (GM.N: Quote, Profile, Research) will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop
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The French government said it would offer companies tax breaks and other incentives worth more than one billion euros (1.2 billion dollars) to encourage them to keep jobs in the country rather than outsource them.
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Merrill Lynch & Co  plans to  announce about 1,600 layoffs after disclosing fourth-quarter  write-downs, CNBC reported on Thursday.
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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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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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Marsh &amp; McLellan, the US insurance broker at the centre of a bid-rigging probe, said today it plans to lay off 3,000 employees, or 5% of its work force, as it reported a 94% tumble in third quarter profits.
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Swiss Re  said it would inform  its employees on Monday on staff reductions of up to 2,000 by  the end of 2007, the reinsurer said, after its purchase of the  reinsurance units of General Electric .
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American Express Co said it will cut 2,000 jobs, or 2.5 per cent of its work force, in a restructuring designed to save more than USD 75 million a year before taxes.
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Swiss drugmaker Novartis said Thursday it plans to cut 2,500 jobs in a restructuring programme aimed at generating yearly cost savings of 1.6 billion dollars (1.1 billion euros).
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Citigroup  will announce plans to  cut payrolls by 17,000 to 24,000 people when it reports  earnings on Tuesday, CNBC television reported on Monday, adding  that the layoffs could take place over a year.
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Germany's leading bank, Deutsche Bank, is to tell its employees next week of plans to cut some 2,000 jobs to increase profitability, according to a report.
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Bombardier Aerospace said on Thursday it will cut about 2,000 jobs at its Montreal-area and Belfast operations and the severance costs linked to the layoffs will affect current year results.
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A group of French banks are setting up an investment fund to bail out small and midsize asset managers if there is a liquidity shortage, the Wall Street Journal reported on Friday, citing people familiar with the matter.
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NEW YORK -- American Express Co. Friday said it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.