Nokia cuts 10,000 jobs, streamlines to save costs
Nokia says it will slash 10,000 jobs and close plants as the ailing company fights fierce competition, and gave a grim outlook for most of the year, causing its shares to plunge more than 15 percent to €1.88 ($2.37). full story 
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Doors Close On 2,000 Jobs As Aviva Cuts Costs
The country's second biggest insurer confirms plans to save additional cash as it looks to return to profitability.
sky.com (1 month and 5 days ago)
'Sequester Costs 750,000 Jobs' From Those Who Gave Us the Four-Million-Job Stimulus
The Director of the Congressional Budget Office, Douglas Elmendorf, testified on February 13 before Congress that 750,000 jobs would be lost in 2013 alone if Congress does not avoid the sequester cuts (source). To put that estimate in perspective: the economy gained 741,000 jobs between September and January 1. Per Elmendorf: The sequester cut, reported to be $85 billion in...
forbes.com (2 months and 24 days ago)
Best Buy Cuts Hundreds Of Jobs At Company Headquarters
By Dhanya Skariachan NEW YORK, Feb 26 (Reuters) - Best Buy Co Inc has cut about 400 jobs at its Richfield, Minnesota, headquarters, a spokesman told Reuters on Tuesday. The move is part of a larger restructuring at the world's largest consumer electronics chain under new Chief Executive Officer Hubert Joly, who told investors in November he aimed to cut $725 million in costs...
huffingtonpost.com (2 months and 27 days ago)
Best Buy to cut 400 jobs at headquarters
Cuts are part of a move to save $150 million in selling, general and administrative costs
cbsnews.com (2 months and 27 days ago)
HSBC cuts 14,000 jobs in drive for profits
HSBC will shed up to 14,000 more jobs and cut up to $3 billion (£2 billion) in additional costs under...
thetimes.co.uk (9 days ago)
HSBC to cut up to 14,000 jobs in bid to save US$3-billion
HSBC Holdings Plc, Europe’s largest bank, will eliminate as many as 14,000 more jobs as Chief Executive Officer Stuart Gulliver set out plans to cut an additional US$3-billion of costs as he tries to revive profitability
financialpost.com (8 days ago)
HSBC sheds 3,000 jobs in bid to cut costs
HSBC today said it was cutting more than 3,000 UK jobs as the bank continues efforts to reduce costs.
standard.co.uk (1 month ago)
HSBC to Trim $3B in Costs and Cut 14,000 Jobs: Ahead of the Ticker
NEW YORK (TheStreet) -- HSBC plans to cut up to 14,000 more jobs as part of a plan to trim up to another $3 billion in costs. According to CEO Stuart Gulliver, HSBC plans to cut employees down to 240,000 by 2016. That's down from its prior plan of reducing jobs to about 254,000. Gulliver said the cuts will take place across the globe and will not focus on any specific...
thestreet.com (8 days ago)
ING to Cut 1 Billion Euros in Costs, Slash 7,500 Jobs
Dutch banking and insurance group, ING reported fourth-quarter net profit that missed expectations on Wednesday but the company's Chief Financial Officer told CNBC it would implement major cuts to save 1 billion euros in operating costs per year.
cnbc.com (3 months and 10 days ago)
Outokumpu cuts 2,500 jobs to save $455 million
Finnish metals group Outokumpu Oyj says it will slash 2,500 jobs worldwide in the next four years to cut costs by 350 million euros ($455 million) and improve profitability as stainless steel demand continues to fall.
miamiherald.com (29 days ago)
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