Citigroup is cutting 11,000 jobs,many in IT,as part of a restructuring announced Wednesday. The job cuts are part of a plan to save about$900 million through a variety of actions,including"increasing standardization and the use of ...
Tags: Citigroup, job cuts, IT, automated processes
Osram has announced plans to cut 4,700 jobs after it is spun off from Siemens. The cuts, which will amount to 12 per cent of the company's workforce, are planned to take effect by 2014 to achieve cumulative gross savings of 1 billion ...
Ruukki Construction is to initiate employer-employee negotiations to improve operating efficiency. The negotiations affect a total of 324 employees in operations at the Vimpeli and Alajärvi plants, the building components and ...
Tags: steel, construction, building components, residential roofing
US-based pork processor Smithfield Foods is set to initiate its previously announced closure of its meat facility in Portsmouth, Virginia, which produces deli meat and hot dogs. The company noted that the layoffs will first begin in ...
There is a difference in the way U.S.and Indian IT firms report their headcounts,and it tells a lot about globalization. Indian firms diligently report hiring quarter-to-quarter.It's a key metric and a source of pride.Among those ...
Tags: globalization, India IT services firm, U.S., IBM
WASHINGTON --- The U.S. International Trade Commission has determined that there is enough evidence to continue antidumping and countervailing duty investigations against Chinese manufacturers of hardwood plywood. All six ITC ...
Tags: Plywood
IDG News Service - Texas Instruments will lay off 1,700 employees as it refocuses its efforts away from the wireless sector -- including cellphones and tablets -- and toward embedded systems, the company announced Wednesday. The news ...
Tags: wireless, business, third-straight
Pilkington Automotive is in discussions to shut down the company's Finland and Landskrona,Sweden plants.These closings will leave an estimated 420 workers unemployed. In a release issued today by the NSG Group(NSG),Pilkington's parent ...
Tags: Pilkington Automotive, plants closings and layoffs, NSG Group
IDG News Service-Chip company Advanced Micro Devices on Thursday said it would lay off 15%of its workforce as it tries to inch back to profitability at a time when the PC market is slumping. The company will lay off close to 1,800 of its ...
Tags: Chip company, Workforce, AMD, PC market
Computerworld-Google today reported a drop in profit and revenue for the third quarter,an unexpected slip that highlighted an online industry still struggling to make money on a growing mobile market. Google's sagging earnings report ...
Tags: Google, profit, revenue, Sluggish Economy
Those layoffs happening at Juniper might be to dress the company up for a sale. That's some of the speculation swirling inside the company,fueled by reports that Juniper's hired an investment banker to manage bids from potential ...
Tags: layoff, EMC, ISI Group, Juniper, joint venture, Kevin Johnson
Hewlett-Packard CEO Meg Whitman says she won't be able to say whether she has completely turned this company around until 2016. That was Whitman's message Tuesday to financial analysts in a presentation that was part history lesson,part ...
Tags: HP, Meg Whitman, internal IT systems, computer
You remember the iPod.The iPod created jobs,but a majority of those jobs were overseas.Electronics manufacturing jobs are mostly overseas,which helps to keep one million workers at China's Foxconn plants busy. In contrast,the majority of ...
Tags: PCIC, iPod, Electronics, wind energy
Taiwan-based solar-grade polycrystalline silicon wafer maker Green Energy Technology(GET),in view of continual decreases in solar wafer prices,has adjusted its strategy by selecting orders for high-efficiency solar wafers at higher prices ...
Tags: GET, solar wafer, Taiwan, PV, anti-dumping
Yahoo will replace CFO Tim Morse this fall in what may be the latest move by recently appointed CEO Marissa Mayer to put her own mark on the company's leadership. Morse will be replaced by Ken Goldman,who has more than 25 years of ...
Tags: Yahoo, CFO, Marissa Mayer, financial slump