Standard Chartered to Lay Off 200 Workers
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Standard Chartered bank plans to lay off 200 employees in Hong Kong, or about 5 percent of its work force in the territory, despite record profits in its largest market, the London-based company said Tuesday.
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Cardinal Health Inc. announced a three-year, two-phase restructuring plan that will cut 4,200 jobs and close approximately 25 facilities worldwide.
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HONG KONG - Standard Chartered PLC said Monday its chief executive in Hong Kong has resigned, less than a week after the British-based bank said it was laying off 200 local employees.
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Countrywide, the nationâs largest mortgage lenders, said Friday that it would lay off up to 20 percent of its workforce over the next three months.
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Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans.
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Nokia is laying off 2300 employees at a German factory and moving production to lower-cost sites.
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Standard Chartered Bank (Hong Kong) Limited (SCBHK) announces Monday that Peter Wong, chief executive officer of the SCBHK, has decided to leave the bank with effect from Nov. 19, 2004.
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Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and problems selling home loans to investors.
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General Electric Co.'s  WMC Mortgage unit is laying off 460 staffers across the United States, representing about 20 percent of its work force, spokeswoman Brandie Young said on Friday.
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Bank of America Corp  said it will lay off about 2,500 workers in Illinois and 1,500 in Michigan over the next two years in connection with its $21 billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO Holding NV .
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LONDON The British Broadcasting Corporation has announced a major cost-cutting move, eliminating about 29-hundred jobs or more than a-tenth of its work force.
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HONG KONG (Dow Jones)--The chief executive of Standard Chartered PLC&#39;s (STAN.LN) Hong Kong operations, Peter Wong, has resigned, a bank spokeswoman said Monday.
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Up to 200 former TXU Corp. (NYSE: TXU) workers, who went to work for a consulting firm after a deal between the companies, will lose their jobs, a spokesman for the consulting firm said Friday.
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Royal &amp; SunAlliance announced up to 1,200 job losses today with the transfer of customer service and back office roles to India over the next two years.
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BOSTON A published report reveals that Bank of America plans to lay off hundreds of tellers and other branch employees at Fleet banks today.
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The shipping giant P&amp;O, under increasing pressure from low-cost airlines and the Channel tunnel, today revealed plans to cut four ferry routes and slash its workforce by 1,200.
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American Airlines told its employees last night that it planned to lay off as many as 1,100 pilots, mechanics and other employees, as part of a cost-cutting program.