Cardinal Health to Cut 4,200 Jobs
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Drug wholesaler Cardinal Health Inc.  CAH.N said on Monday it would cut 4,200 jobs, or 7 percent of  its work force, and close 25 facilities around the world as  part of a plan to reduce costs.
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Bank of America said it will cut about 4,500 positions, or about 2.5 percent of its workforce, beginning this month. The layoffs will take place across the bank&#39;s geographic footprint and in all lines of business
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Cardinal Health (CAH:NYSE - news - research) was grounded once again Monday after the struggling health care supplier laid out plans to cut 4,200 jobs.
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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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Bank of America said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Cardinal Health Inc. CAH.N, which  has been the subject of a federal accounting investigation, on  Friday said it has taken disciplinary action against certain  employees following an internal accounting probe and said its  controller has resigned.
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Two local healthcare companies this week alerted the government that they will soon eliminate a total of about 160 jobs.
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Drug wholesaler Cardinal Health Inc. (CAH) on Monday set a restructuring plan that involves cutting 4,200 jobs, or 7 percent of its work force, and closing 25 facilities around the world.
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The Blue Bell, Pa.-based company said it will close some of its facilities and reduce its employee head count.
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The announcement came almost two months after its parent company, Hertz Global Holdings, said it would eliminate 200 jobs to increase competitiveness.
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Delphi Corp. said Friday it plans to cut 8,500 jobs -- or 4.6 percent of its total work force -- worldwide next year as part of an ongoing restructuring.
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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.
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Health and beauty retailer Boots is to scrap several health services such as laser eye surgery and dentistry, affecting 850 employees.
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The UK's biggest insurer, Aviva, announces plans to cut 4,000 jobs at its Norwich Union business by 2008.
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Hillenbrand Industries Inc. said Thursday it is cutting 230 jobs to lower costs. The company also cut its earnings forecast for the year ending this month.
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PLANO, Tex. (CP) - Electronic Data Systems is cutting 4,600 jobs through early retirement and taking a $150 million US charge in the fourth quarter, the information technology company said Tuesday.
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The UK's biggest insurer Aviva announces plans to cut 4,000 UK jobs by 2008.