Marsh & McLennan to Cut 3,000 Jobs
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Marsh & McLennan Cos. MMC.N, the  insurance broker at the center of a bid-rigging scandal, on  Tuesday said it will lay off 3,000 employees, or 5 percent of  its work force.
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Marsh & McLennan Cos., the insurance  broker at the center of a bid-rigging scandal, on Tuesday said  it will lay off 3,000 employees, or 5 percent of its work  force.
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The Marsh &amp; McLennan Company, the troubled insurance and investment company, said today that it would lay off 3,000 employees, or roughly 5 percent of its work force, as it moved to right
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Marsh & McLennan Cos. , the  world's largest insurance broker, on Friday announced its  second major cost-cutting program in two years, resulting in  the loss of about 750 jobs.
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The telecommunications firm Cable &amp; Wireless today said it would cut another 600 jobs and return Â£250m to investors as it reaches the halfway mark in a three-year recovery plan.
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Bankrupt auto parts maker Delphi Corp.  said on Wednesday that it has booked $3.3 billion of new business for its steering systems division in 2006, a unit it wants to divest for its reorganization.
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Marsh &amp; McLennan will start handing out 3,000 pink slips today - most at its Sixth Avenue headquarters. They&#39;re victims of a bid-rigging scandal that has punished profits
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier, said on Sunday it will cut 2,000  aircraft-maintenance jobs, up to 3,100 customer-service jobs,  and between 1,600 and 1,800 supervisory and administrative  personnel as part of a previously announced plan to cut total  staffing by 7,000.
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Putnam Investments will pay $40 million to settle yet another regulatory probe, while corporate parent Marsh &amp; McLennan Cos. yesterday said it would cut 3,000 jobs in the fallout from the price-fixing and bid-rigging scandal enveloping its insurance brokerage unit.
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Motorola Inc., the world's No. 2 maker  of cell phones, on Tuesday said it would cut 1,000 jobs in  three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.
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Struggling camera company Kodak is to cut an extra 3,000 jobs as it continues efforts to adapt to the digital age.
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Goodyear Tire &amp; Rubber Co. (GT.N: Quote, Profile, Research) said on Friday it will cut 340 jobs in its engineered products and chemical units as part of its cost-reduction efforts, resulting in a third-quarter charge.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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TORONTO -- Nortel Networks said yesterday it will slash its workforce by 3,500, or 10 percent, as it struggles to recover from an accounting scandal that toppled three top executives and led to a criminal investigation and lawsuits.
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Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it would cut about 4,000 jobs  within the company, close 125 stores and reduce its use of  outsourced services to improve its financial performance.
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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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NEW YORK -- Eastman Kodak Co. is cutting 3,000 more jobs this year as the picture-taking pioneer wraps up its wrenching transformation into a digital imaging company focused on consumer photography and commercial printing.