Colgate to Cut About 4,400 Jobs
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Colgate-Palmolive Co. (CL.N: Quote, Profile, Research) will cut about 4,400 jobs and close a third of its factories under a program aimed at fighting rising costs and focusing
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Goodyear Tire &amp; Rubber Co. on Friday said it plans to cut about 340 jobs over the next year, and will take rationalization charges during the third quarter in an effort to reduce costs in its engineered products and chemical divisions.
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Toothpaste maker Colgate-Palmolive said today it is cutting 4,400 jobs and closing a third of its 78 factories around the world. The group, which makes products such as Colgate
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US firms cut back on the total number of staff employed for the first time in four years, official data shows.
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Colgate-Palmolive Co. CL.N said on  Tuesday it would cut about 12 percent of its 37,000-person work  force as part of a four-year restructuring plan for which it  anticipates after-tax charges of $550 million to $650 million.
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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 investment bank said BNC Mortgage will be combined with Aurora Loan Services into a single residential mortgage business, cutting 400 jobs.
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Employers cut 4,000 jobs in August,  the first time in four years that monthly hiring contracted,  the government said on Friday in a report certain to boost  pressure on Federal Reserve policy makers to cut interest  rates.
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Bank of America has an option to cut at least 4,500 jobs while reorganizing its structure. This is not the first time when the bank reduces jobs.
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Colgate-Palmolive Co. , the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide workforce by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan aimed at boosting its sales and profits. Its stock climbed nearly 8 percent.
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Charlotte-based Bank of America Corp. will slash 4,500 positions from its work force, or about 2.5% of its payroll. The company expects to incur charges of $150 million over three quarters, beginning in the third quarter, from severance payments.
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Bank of America Corp., the third- biggest US bank, will cut 4,500 jobs in addition to the 12,500 positions it will eliminate as part of the purchase of FleetBoston Financial Corp.
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Sprint Nextel, the No. 3 U.S. mobile service, said it will cut about 4,000 jobs and predicted further pressure on its ability to turn a profit in 2008.
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The Bank of America Corporation said yesterday that it would cut an additional 4,500 jobs from its ranks, beginning this month, as it simplifies operations.
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Cardinal Health Inc. said it will cut 4,200 jobs as part of a three-year restructuring plan aimed at boosting annual earnings by $500 million.
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CONSUMER goods giant Colgate-Palmolive has announced it will slash 4440 jobs and shut a third of its 78 factories worldwide in a bid to boost profits.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan to improve sagging financial and operational results.