GMAC to cut 930 jobs, close offices
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Finance company GMAC on Wednesday said it would restructure its auto finance unit, cutting about 930 jobs and closing offices to conduct business from five regional offices in North America.
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SBC Communications SBC.N will cut  10,000 jobs from its workforce through the end of 2005 using  attrition and involuntary cuts, the company said in a filing  with U.S. market regulators on Friday.
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LONDON - The British Broadcasting Corp. will cut nearly 3,000 jobs in a drive to reduce costs, the company reported Tuesday. Most of the cuts will be in administrative departments, and some operations will
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General Motors Corp. on Tuesday said it  will lay off about 950 workers at its Linden, New Jersey, truck  plant early next year and cease production of the two sport  utility vehicles manufactured at the facility.
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Faced with dwindling demand for its two oldest products and the urgent need to cut costs, General Motors Corp. will stop production of the Chevrolet Astro and GMC
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SBC Communications expects to cut 10,000 or more jobs by the end of next year through layoffs and attrition. That&#39;s about six percent of the San Antonio-based company&#39;s work force.
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SBC Communications  will cut 10,000 jobs from its workforce through the end of 2005 using attrition and involuntary cuts, the company said in a filing with U.S. market regulators on Friday.
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By JORDAN ROBERTSON, Associated Press writer  SAN JOSE, Calif.  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  about 10 percent of its work force  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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Electrical systems maker American   Power Conversion Corp. APCC.O said on Friday it will cut 4   percent of its global work force, or about 330 jobs, as part of   an ongoing cost-cutting bid.
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Colgate-Palmolive, the US consumer products company, has said that it plans to close about a third of its factories and cut more than 4,400 jobs over the next four years as part of a major restructuring effort to increase profit margins.
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General Motors announced yesterday it planned to halt production at its aging Linden assembly plant in February and fire the factory&#39;s remaining 950 workers.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) Chief Executive Michael Cherkasky on Tuesday said 90 percent of the 3,000 employees the company plans to lay off will be notified on Wednesday.
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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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General Motors Corp. will close a Baltimore assembly plant next year that employs about 1,100 people and makes two van models that are being discontinued, a spokesman for the world's biggest automaker said Tuesday.
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Sovereign Bancorp. said yesterday it will cut 800 jobs, 77 of them locally, from its workforce of almost 9,000 and close most of its wholesale mortgage operation in an effort to slash costs by $100 million annually.
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General Motors (GM) will close a Baltimore assembly plant that employs about 1,100 people and discontinue the two brands of vans they made, a spokesman for the world&#39;s biggest automaker said Tuesday.
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General Motors of Canada  will cut about 1,100 jobs at a truck plant in Ontario amid slumping pickup sales, the company said on Thursday.