Sentences with phrase «year job cuts»

However, this year job cuts and lack of employment opportunities in construction are the main reasons.

Not exact matches

Indianapolis - based pharma giant Eli Lilly is slashing 485 jobs, with most of the cuts coming from the Alzheimer's unit that saw high - profile (and expensive) clinical flop last year.

It said the planned restructuring measures involve job cuts and closing or integrating manufacturing bases, and would lower annual costs by 50 billion yen from the year ending March 2020.

Gravity was inundated with résumés — 4,500 in the first week alone — including one from a high - powered 52 - year - old Yahoo executive named Tammi Kroll, who was so inspired by Price that she quit her job and in September went to work for Gravity at what she insisted would be an 80 - 85 percent pay cut.

Boeing also said in November that it would cut 500 jobs from its defense operations over two years.

In the last five years, 20 % of jobs have been cut in the district, three schools have been closed, the Journal reported.

Now there are renewed hopes that the combination of an improving job market and a short - term economic boost from the Republican tax cuts will put growth into a stronger range this year, perhaps closer to 3 %.

Those who've made the final cut — after what's typically a yearlong series of interviews that scrutinize a venture's business model, hiring practices and sales potential — have gone on to collectively create more than 225,000 jobs and generate more than $ 6 billion last year alone.

It wasn't all good news — the tighter job market hasn't translated into much bigger paycheques, with average weekly wages rising at just 1.1 % from the year before, meaning that after inflation Canadians took a slight pay cut.

And you don't have to lose your job to feel it: a report from London's Roehampton University last year revealed that over half the people whose salary or hours were cut experienced symptoms of depression.

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.

The improvement from March's spike of 64,141 was not enough to erase an increase in job - cut announcements this year, Challenger says.»

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.

To that end, Weisler reiterated HP's restructuring plans from earlier this year that involve cutting 3,000 jobs by the end of 2016.

«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.

Panera actually made the promise less than a year prior to cut all artificial additives from the menu, but this represented an important and transparent step in getting the job done.

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.

Royal Dutch Shell fell over 5 % after it said that fourth - quarter profits would fall by 40 % from a year earlier, and that it expected to cut another 10,000 jobs together with BG Group, which it is acquiring.

Embattled Noble has been negotiating a $ 3.4 billion debt - for - equity swap — crucial to its survival — after selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs over the past three years.

COPENHAGEN, Oct 12 - Danish wind turbine maker Vestas said the impending expiry of a U.S. tax credit had exacerbated a fall in orders for next year, forcing it to make more than 800 job cuts in the United States and Canada so far this year.

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.

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.

Microsoft CEO Satya Nadella made the decision in mid-2014 to cut 18,000 jobs, with a further 8,000 in July of this year, many from the $ 7.2 billion (# 4.6 billion) acquisition of Nokia.

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.

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.

While Angry Birds is the top paid mobile app of all time, Rovio's earnings are set to fall for a third consecutive year in 2015, prompting it in October to cut 213 jobs.

The union representing the 4,800 rail workers who walked off the job claimed CP was angling to cut their pensions by up to 40 %, despite making a profit in the previous year.

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.

High - end electric vehicle maker Tesla Motors Inc (TSLA) said Monday it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target in the world's biggest car market.

The state's largest employer, Boeing, has cut more than 8,400 jobs in Washington in the past year.

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.

Kolko's analysis found that job cuts in oil - rich cities don't typically happen until about six months after energy prices tank, and property values don't fall until one or two years after that.

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.

«If it is correct that the speaker, before he resigns, has cut a deal with Nancy Pelosi to fund the Obama administration for the rest of this year, to fund Obamacare, to fund executive amnesty, to fund Planned Parenthood, to fund implementation of this Iran deal, and then presumably to land a cushy K Street job after joining with the Democrats to implement all of President Obama's priorities, that is not the behavior one would expect from a Republican speaker of the House.»

As far as what that actually means in the short term, Reuters points out that the company plans to cut at least 425 jobs in Finland this year.

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.

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 leading solar trade group predicted that the tariffs could cut forecasted solar installations this year by nearly 20 percent, to 9 gigawatts from 11 gigawatts, and lead to the loss of 23,000 jobs in the United States, the world's fourth - largest solar market after China, Japan and Germany.

A statement released on the B.C. government's website says that BC Hydro's job cuts will cut expenditures by $ 800 million over the next three years.

For over a year, Mintz has been manufacturing big job numbers for use as political propaganda in selling business tax cuts.

That would mean that 3 billion tax cut will generate an increase of around 4.3 billion of new investment every year which will generate 14,300 extra jobs each year.

«On its own, the final cut to corporate income tax rates, from 16.5 % to 15 %, would result in $ 30 - billion in additional business investment and 102,500 new jobs over a seven - year period, the paper estimates.»

I worked at the CBC for nine years, from 2001 to the end of 2009 before I lost my job as a producer on the investigative unit due to budget cuts.

That is it will add 14,300 jobs to the stalk of employment every year above what it would have been in absence of the cut.

But what you are saying is that he is really saying the CIT cut will generate 14,300 jobs above trend every year in perpetuity.

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

«Almost a year after the 2012 budget, Conservatives still haven't given clear answers about which regions of the country will lose federal jobs or what services are going to be cut.

Florida employers cut 9.5 percent more jobs in April compared with a year ago, but year - to - date layoffs have declined 26 percent over 2017, according to Challenger, Gray & Christmas» monthly report released Thursday.