Sentences with phrase «announced job cuts»

Many trusts have already announced job cuts and service reductions, although ministers want them to concentrate on reducing waste.

Squeezed margins from «fierce competition» have hit profits at Swedish oils and fats firm Karlshamns, which this week announced job cuts in the context of a cost saving programme.

Platinum and palladium miners in South Africa, a leading producer of both metals, also announced job cuts and mine closures, as platinum has slipped more than 16 percent this year, palladium a quarter.

As General Cable's stock price plummeted last year, the company announced job cuts for 7 % of its workforce as part of an ongoing restructuring.

SolarCity had announced job cuts before being acquired by Tesla but did not say how many employees would be laid off.

«No organization can allow a situation like this to continue,» said CEO Gian Giacomo Ferraris in announcing the job cuts in October.

«I believe we are in for much greater volatility in oil prices for the foreseeable future and that's why you've seen Cenovus preserve cash by moderating our growth and reducing our workforce,» CEO Brian Ferguson said in announcing the job cuts.

In the initial months post financial crisis it seemed barely a week passed without a law firm announcing job cuts.

Trowers & Hamlins has become the latest law firm to announce job cuts, with seven employees made redundant between March and this week.

Fitbit may be getting ready to announce job cuts due to a weak fourth quarter, according to a report.

Not exact matches

Yahoo announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.

(Conlee has since worked with RIM in an advisory capacity at various times, including last summer when the company announced 2,000 job cuts.)

Western Australia's largest indigenous corporation has announced it is cutting jobs and assessing its member benefits structure as a result of weak iron ore prices.

This comes after the company announced in 2014 that it would cut 2,900 jobs, Bloomberg reported.

-- BlackBerry (TSX: BB) confirms it's cutting more jobs this week as part of the second phase of its previously announced transformation plan.

Nike, which recently announced it would cut about 1,400 jobs globally, isn't the only athletic - gear company rethinking strategy.

Panoramic Resources and Mincor Resources have announced plans to put their last operating mines on care and maintenance in response to the depressed nickel market, with Panoramic cutting 50 jobs today with more to follow at both companies.

Perth - based mining developer Cape Lambert Resources has announced it is cutting 117 jobs and postponing a planned dividend payment, in response to the sharp downturn in the iron ore market.

Shares in iron ore hopeful Sundance Resources were stripped of half their value after the company announced an aggressive cost reduction strategy that includes job cuts and a reduction in board size and remuneration.

To try and secure the deal, the government announced an austerity plan to raise taxes and slash US$ 20 billion in public spending — including cuts to social welfare and public jobs, and a lowering of the minimum wage.

Even Lego, which has posted years of growth, said in September that sales of its colorful bricks fell for the first time in 13 years, and announced plans to cut 1,400 jobs.

Within another month, Heinz announced it would cut 350 of the 1,200 full - time jobs at Pittsburgh headquarters, plus another 250 elsewhere in North America.

The closing of the factory will leave 635 hourly workers and 72 salaried people without jobs in Madison, but that's just one of seven plants that Kraft Heinz announced it would shutter on Nov. 4 in a plan to cut 14 % of Kraft Heinz's North American factory workforce.

«Job cuts have already surpassed last year's total and are on track to end the year as the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail - end of the recession,» said John A. Challenger, CEO of Challenger, Gray & Christmas.

GoPro has announced 270 job cuts and pre-announced that its first - quarter earnings would be at the high end of guidance, around $ 210 million.

Chief Executive John Flannery has promised to revamp GE into a leaner company by exiting several businesses and the company has already announced a series of job cuts to lower costs that have dented profits and disappointed investors.

Even though the company announced a $ 10 billion restructuring plan centered on 5,700 job cuts, skepticism kept the stock far below its 2007 highs.

The June 2011 report stated U.S. - based employers announced 41,432 job cuts for the month, an 11.6 percent increase.

Its new line of smartphones fell flat, and earlier this month the company announced 4,500 job cuts and a nearly $ 1 - billion writedown on unsold inventory.

On an otherwise bleak day when Bombardier announced plans to cut 7,000 jobs worldwide over the next two years, the company also issued a rare, long - awaited piece of good news: Air Canada has signed a letter of intent to purchase up to 75 CSeries aircraft.

Generic drug giant Teva really is going to cut tens of thousands of jobs in a gigantic restructure for the struggling and debt - laden pharmaceutical — in fact, the 14,000 planned layoffs announced Thursday actually surpass initial reports.

• Throwing barrels: Angry Birds maker Rovio, which raised over $ 40 million in VC funding, yesterday announced that it was cutting more than 30 % of its workforce (i.e., 260 jobs).

Stock markets plunged after President Obama announced a $ 450 - billion job - creation package, based on a payroll tax - cut extension.

Penney, looking to steady its finances after reporting a loss of $ 116 million in its last fiscal year, also announced it was eliminating 130 positions at its headquarters in Plano, Texas, just the latest round of layoffs in recent years, as well as cutting 230 jobs at the store and regional level.

The company recently announced a plan to cut about 40 per cent of its global workforce, or 4,500 jobs, as a way to save money.

On Thursday, it announced it was closing its offices in the Halifax area, eliminating more than 300 jobs as part of an effort to cut costs.

HALIFAX — Embattled tech giant BlackBerry announced the closure Thursday of its offices in the Halifax area, eliminating more than 300 high - paying jobs as part of a global push to cut costs.

The world's biggest money manager on Tuesday announced that it would cut more than 40 jobs, replacing some of its human portfolio managers with artificially intelligent, computerized stock - trading algorithms.

In December, the company had to announce 300 job cuts as a result of poor financial results.

Schlumberger (NYSE: SLB) announced plans to cut 10,000 jobs this year, a more than 10 percent cut from its total staff of 95,000.

Retailers have announced more than 50,000 job cuts in 2017, according to numbers compiled by Challenger, Gray & Christmas.

E-commerce company Fab is announcing another round of job cuts tomorrow, laying off between 80 and 90 employees to trim costs as it shifts resources to focus more on designing and developing products under its own brand name.

In July of that year, the bank announced an initiative to trim more than $ 1 billion in costs including compensation, a plan that entailed cutting 1,000 jobs.

The company is expected to announce thousands of job cuts this week.

NEW YORK (AP)-- Wal - Mart is cutting about 7,000 back - office store jobs over the next few months as it centralizes its invoice and accounting departments, expanding a test it announced in June.

U.S. job cuts soared to a nearly four - year high in July as the military announced plans to reduce troop and civilian workforce payrolls, according to outplacement consultancy Challenger, Gray & Christmas.

The utility company also announced it will be cutting jobs as a cost saving measure.

Parliamentary Budget Officer Kevin Page, in his last week on the job, is taking the government to court in a bid to have Ottawa release information about the impacts on federal jobs and services from $ 5.2 billion in cuts announced in last year's budget.Photo by Sean Kilpatrick / The Canadian Press / Files

After announcing in November it was cutting 6,000 jobs and hiring 2,000 tech - focused individuals, NAB has recruited a bunch of executives from major...

The last time employers announced fewer job cuts was June of 2000, when 17,241 planned layoffs were recorded.