The Dow Chemical Company announced a restructuring program designed to accelerate cost reduction actions and advance the next stage of the Company's transformation in the midst of persistently slow macroeconomic growth. These actions will ...
Tags: The Dow Chemical Company, Ribaforada, Tessenderlo, polyethylene facility
Juniper Networks profits plummeted 80% in the last three months, according to the company's latest financial results. In its third quarter results announcement, Juniper blamed the drastic decline from $83.7m to $16.8m on "restructuring," ...
Tags: Juniper Networks, profits, plummeted, slashing jobs
Chip maker Advanced Micro Devices(AMD)posted third-quarter revenue figures of$1.27 billion(£0.79bn),a 10 per cent decrease on Q2 figures,and a 25 per cent year-on-year decline.This was in line with revised guidance issued by the firm ...
Tags: AMD, chip, job cuts, computing devices, steep decline in the PC market
HP's shares have plummeted to a nine-year low after its CEO Meg Whitman stated that revenue for 2013 would decline and that it would take five years to revive the firm financially. Whitman – the third HP CEO in as many years – ...
Tags: Meg Whitman, HP, union Unite, IBM
Hewlett-Packard's layoff just got a little bigger. The company, in a U.S. Security and Exchange filing, said it will eliminate 29,000 positions, an increase of 2,000. In May, HP announced plans to cut 27,000 employees by 2014, or about ...
Tags: USA, HP, Layoff, computer industry
HP is set to fire 2,000 more staff than it had originally planned over the next two years to "simplify" and "restructure" its operations. The company announced 27,000 job cuts in May when it published its second quarter (Q2) results, ...
Tags: HP, job cuts, multi-year restructuring plan, early retirement programme
Computerworld - HP CEO Meg Whitman is telling the company's India workers that they won't be hit by HP's plans to cuts its global workforce. In India, Whitman was interviewed by the Economic Times, and said this: "We are not reducing our ...
Tags: HP, Protection, India, layoffs
Google is to cut Motorola Mobility's global workforce by about 4,000,or 20 per cent,and will look to close about a third of its 94 worldwide offices. A Motorola spokesperson confirmed the job cuts in a statement and stated that the ...
Tags: Google, job cut, Motorola Mobility, acquired the mobile phone company
Nokia today confirmed it would be cutting another 10,000 people from its global workforce in an attempt to bring down costs. The struggling phone company will also close a number of its research and development sites across Germany and ...
Tags: Nokia, global workforce, struggling phone company, competitive strength
Optics bellwether compensates for semiconductor market weakness with rapid growth in Asia. The Carl Zeiss Group is on course for another strong financial year,despite the negative impact of the current slump in the semiconductor ...
Tags: Zeiss, sales, Diversification
Caterpillar Inc. Delivered record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41 percent from $42.588 billion in 2010, citing “outstanding execution and stronger global demand, ” as the impetus. Profit in ...
Caterpillar Inc. (CAT), the largest construction and mining equipment maker, said the business cycle is in the early stages of a recovery and the company expects to see a “tail wind” from U. S. And European demand. “We are ...