Sentences with phrase «companies cut jobs»

Some believe the drop - off is primarily cyclical, a hangover from the Great Recession, when companies cut jobs and costs, relying on a mantra of «less is more.»

Not exact matches

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

Opponents of mandatory paid leave say such policies are too burdensome on businesses, and would result in companies having to cut jobs to mitigate costs.

Promises are made that jobs will not be cut, the new parent company will invest in plant and equipment and Canada will be a better place.

Siemens has been a leader in cutting the company's carbon footprint and a strong supporter of apprenticeship programs that train students for next - generation manufacturing jobs.

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

News of the impending job cuts came in the form of an internal memo released to employees on Tuesday, which stated that the decision to terminate positions was due to product delays, as well as a «tough market» and the company's need to conserve cash.

RBC analyst Walter Spracklin, who recently downgraded his Bombardier price target from $ 6.00 CAD to $ 4.00, wrote in a note Tuesday that the job cuts are «symptomatic of the balance sheet pressure» the company is currently experiencing.

U.S. - based Eli Lilly's high - profile phase 3 failure for solanezumab was a particularly harsh blow, which also cost the company hundreds of millions of dollars and led to job cuts.

However, as property owners try to cut costs, technicians report a dangerous lack of maintenance, and as multi-national elevator companies try to compete, some technicians rush through hundreds of maintenance jobs per month, reportedly with time limits as quick as seven minutes per visit.

The Japanese company's job cuts announcement comes after the Wall Street Journal, citing people familiar with the matter, reported that Xerox Corp is nearing a deal with Fujifilm that would cede control of the U.S. photocopier pioneer to Fujifilm.

In doing so, Maple Leaf will cut a net 1,550 jobs, or roughly 12 % of its meat - division workforce, as the company closes several factories from B.C. to New Brunswick and consolidate operations into a new $ 395 - million flagship facility in Hamilton, set to start churning out sliced meats and wieners by 2014.

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

The company says job cuts will help it halve its operating costs by June 1, 2014.

Similar disdain followed January layoff announcements from Pfizer, Walmart, Microsoft, Coca - Cola, and many less prominent employers, coalescing into an angry narrative: Greedy companies are firing workers just days after getting a historically giant tax cut that will save them billions — a tax cut that was promoted by President Trump and Republicans as a job creator.

Saying all that, the company has done a good job of cutting costs.

On July 6, Stavik saw a report about the job cuts at the company.

So happy, they may even be willing to take a pay cut to work for a dog - friendly company: a survey conducted by Modern Dog magazine revealed that 65 % of readers would take a job for less money if it meant they could bring their dog to work.

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.

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.

CEO Darrell Kopke, a veteran of Lululemon Athletica, is out amid job cuts at Kit and Ace, but the company plans 10 more locations

The efforts from the state and the company to retool the plant come after Fiat said in April that it would cut about 1,300 jobs in Sterling Heights on account of a major drop in sales for the Chrysler 200 midsize sedan.

SeaWorld is cutting about 350 jobs, as the aquatic entertainment company continues to struggle drawing in crowds.

After all, companies can offset wage gains with jobs cuts losses and automation.

When 3G led InBev's hostile takeover of Anheuser - Busch, it quickly cut 1,400 jobs from the American company (75 % of them in St. Louis) and brought in Brazilian executives from InBev — itself the result of a 2004 merger of Belgian beer maker Interbrew and Brazilian beer maker Ambev, which was the result of a 1999 merger between Brahma and Antarctica — to run things.

The decline in the startup rate hasn't cut the rate of formation of two categories of companies with very high potential for wealth creation and job creation: angel and venture - capital - backed businesses.

CBFI currently has no intentions of cutting any jobs after the proposed merger, the companies said.

Verizon is set to cut thousands of jobs from Yahoo and AOL as the companies integrate, a source familiar with the matter told CNBC on Thursday.

And if Hancock doesn't lose his job, he will end up running one of the much smaller companies and will need to take a pay cut.

3G, which orchestrated Brazilian beer giant InBev's takeover of St. Louis mainstay Anheuser - Busch in 2008, promptly cut 1,400 jobs from the acquired company.

The company has planned to slash its capital investments for this year to $ 29 billion from $ 47 billion in 2014, as well as cut 12,500 jobs across 2015 and 2016.

The CEOs of tax avoiding companies that cut jobs fared even better.

Noble is pursuing a $ 3.4 billion debt restructuring - crucial for the survival of the company - which has sold billions of dollars of assets, taken hefty writedowns and cut hundreds of jobs over the past three years to cut debt.

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.

The media company said the job cuts were part of its plan to save between $ 400 to $ 500 million in costs.

The company, which has about 33,800 employees as of Sept. 24, informed about its job cut plans in California in a regulatory notice that was filed with the state on April 18.

All companies related to the oil industry will struggle to survive, and many will resort to massive job cuts to lower expenses.

He also dug deep into the company's operations to cut costs, which included closing manufacturing facilities and making thousands of job cuts.

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.

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.

I am for recognizing that big public companies will continue to cut jobs in an effort to prop up stock prices, which in turn stimulates the need for more government involvement.»

Since the economy went into free fall, prompting companies around the world to slash employees in a desperate bid to cut costs, the expectations of those who managed to hang onto their jobs has shot through the roof.

The counterargument, which carries much weight in Quebec, is that the province has lost too many important companies to foreign control, just to see jobs cut and capital investment disappear.

The companies aim to have cut a combined 10,000 staff and contractor jobs by the end of this year and Shell said on Wednesday it could further cut combined capital investments below the $ 33 billion targeted for 2016.

Those reductions came on top of the 5,000 jobs the company has cut since it launched a restructuring effort last year.

The company completed a 15 per cent cut to its workforce in January and February, eliminating between 500 and 700 jobs, as part of its plan to trim $ 1 billion in cumulative capital, operating and administration costs over two years.

That there would be job cuts at a legacy IT provider is almost a forgone conclusion as these companies, many of which made the bulk of their money on pricey, proprietary hardware and software, must adapt to a world in which more companies send more of their computing jobs to a public cloud provider like Amazon @amzn (amzn) Web Services.

The job cuts target personnel in «non-revenue generating» parts of the company, but will not affect staff that are part of strategic areas of growth like 3D printing, she explained.

The company has sold billions of dollars of assets, taken hefty writedowns and cut hundreds of jobs over the past three years to slash debt.

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.