Longaberger reduces layoff plans to 784
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The Longaberger Co. is reducing the size of a planned layoff to 784 employees, down from its July estimate of 970. The Newark-based basket maker said the jobs will end Sept.
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Major shake-up will slash 10,000 jobs Airbus yesterday rolled out its "Power8" restructuring programme which will see the company shed 10,000 jobs over the next four years.â¦
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Delta Air Lines Inc. DAL.N said on  Wednesday it would cut 6,000 to 7,000 jobs, or about 10 percent  of its work force, over the next 18 months and drop Dallas/Fort  Worth as a hub as it tries to avert bankruptcy.
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International Business Machines Corp.  said it laid off about 1,570 employees on Wednesday in its computer services business in the United States, part of a plan to trim costs in the unit.
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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.
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Delta Air Lines will cut up to 7,000 jobs, reduce pay for other workers and close its Dallas hub as part of an effort to slash nearly $3 billion more in annual costs and chart a course toward financial recovery.
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Cardinal Health Inc., a medical products and services company, plans to cut 4,200 jobs, or about 7 percent of its work force, and close 25 offices as part of a three-year restructuring plan, the company said Monday.
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Seagate Technology, the world's largest maker of hard drives, said Monday it is shuttering one of two manufacturing facilities in Northern Ireland, resulting in a cut of 780 employees, about 1.5 percent of the company's global work force.
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Five-year, $1.8 billion cost-cutting contract approved Thursday also reduces retirement benefits, increases work hours and eliminates retiree medical coverage.
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Bank of America said Thursday it will layoff 4,500 employees as part of the companyâs ongoing integration of FleetBoston Financial.
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Telecommunications equipment maker Agere Systems Inc. said Wednesday it will lay off 500 employees, or 7.6 per cent of its workforce, as part of a corporate restructuring.
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Union workers at four older BF Goodrich tire plants approved contract concessions that will cut labor costs at the plants about 20 percent.
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Deutsche Bank took a pretax charge of $787 million for the fourth quarter to pay for job reductions, including about 1,900 positions in Germany.
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Sprint Corp., the telecommunications giant, said yesterday it will cut 700 jobs in its business solutions division as it stops selling business long distance services outside of package deals.
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IMS Health Inc  said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.
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AT&T Corp. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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Cirrus Logic Inc., a maker of microchips for consumer electronics, on Wednesday said it will lay off 7 percent of its employees to save $2 million to $3 million per quarter, with expense reductions starting in its third quarter.