Lenovo confirms 2,500 in Layoffs
Lenovo, China's IT giant, announced today it would cut 2,500 jobs in the first quarter of 2009 and merge its Greater China operations with its Russia and Asia-Pacific operations.
The announcement was posted on the Hong Kong Exchange website early this morning. The 2,500 jobs to be cut, including managers and senior managers, accounted for about 11 percent of Lenovo's global workforce. The annoucement didn't say which of its divisons the cuts would fall in.
Google Confirms Layoffs Of Contract Employees
Walgreen to Cut 1,000 Jobs, or 9% of Work Force, to Save $1 Billion
Walgreen Co. is eliminating about 1,000 jobs, or about 9% or its work force, as the nation's No.2 drugstore chain continues to rein in costs amid a cutback in consumer spending and increased competition.
The company said it is offering early retirement and severance incentives to some of the corporate and support employees in an effort to reduce the number of layoffs set to start next month.
Hawker chief expects more layoffs
In a letter to Hawker Beechcraft employees today, chief executive Jim Schuster said he expects more layoffs at the Wichita planemaker
Fiat announces white-collar layoffs
The Italian automaker Fiat Group SpA's layoff plans are now hitting white-collar workers. Fiat informed unions this week that 1,800 white-collar workers will be temporarily laid off for the first week of February, and 1,500 during the second week, the company confirmed Thursday.
Market slowdown blamed for Severstal layoffs
Faced with a steel market slowdown and light order books, Severstal North America Inc. said Thursday it is continuing temporary layoffs that began in December.
ON Semiconductor announces 500 layoffs, restructuring
ON Semiconductor Corp. is scaling back costs in 2009 and issuing a lower forecast for the year as the company looks at laying off 10 percent of its work force, closing plants temporarily and giving employees unpaid time off. That effects 500 employees in Gresham.
AK Steel Begins Salaried Work Force Layoffs
AK Steel Holding Corp. (AKS) said it will begin laying off salaried employees about a month after announcing a companywide 5% pay reduction as the steel industry struggles with falling demand and prices.
Schlumberger eyes job cuts beyond North America
Schlumberger Ltd (SLB.N), the world's largest oilfield services provider, plans to shed 5 percent of its North American workforce, or 1,000 jobs, and is looking at cuts elsewhere, a spokesman said on Thursday.
Nissan to cut 1,200 jobs
Japanese car giant Nissan is to cut 1,200 jobs in Sunderland due to a sales slump caused by the global economic slowdown, it said Thursday.
Lenovo, China's IT giant, announced today it would cut 2,500 jobs in the first quarter of 2009 and merge its Greater China operations with its Russia and Asia-Pacific operations.
The announcement was posted on the Hong Kong Exchange website early this morning. The 2,500 jobs to be cut, including managers and senior managers, accounted for about 11 percent of Lenovo's global workforce. The annoucement didn't say which of its divisons the cuts would fall in.
Google Confirms Layoffs Of Contract Employees
Walgreen to Cut 1,000 Jobs, or 9% of Work Force, to Save $1 Billion
Walgreen Co. is eliminating about 1,000 jobs, or about 9% or its work force, as the nation's No.2 drugstore chain continues to rein in costs amid a cutback in consumer spending and increased competition.
The company said it is offering early retirement and severance incentives to some of the corporate and support employees in an effort to reduce the number of layoffs set to start next month.
Hawker chief expects more layoffs
In a letter to Hawker Beechcraft employees today, chief executive Jim Schuster said he expects more layoffs at the Wichita planemaker
Fiat announces white-collar layoffs
The Italian automaker Fiat Group SpA's layoff plans are now hitting white-collar workers. Fiat informed unions this week that 1,800 white-collar workers will be temporarily laid off for the first week of February, and 1,500 during the second week, the company confirmed Thursday.
Market slowdown blamed for Severstal layoffs
Faced with a steel market slowdown and light order books, Severstal North America Inc. said Thursday it is continuing temporary layoffs that began in December.
ON Semiconductor announces 500 layoffs, restructuring
ON Semiconductor Corp. is scaling back costs in 2009 and issuing a lower forecast for the year as the company looks at laying off 10 percent of its work force, closing plants temporarily and giving employees unpaid time off. That effects 500 employees in Gresham.
AK Steel Begins Salaried Work Force Layoffs
AK Steel Holding Corp. (AKS) said it will begin laying off salaried employees about a month after announcing a companywide 5% pay reduction as the steel industry struggles with falling demand and prices.
Schlumberger eyes job cuts beyond North America
Schlumberger Ltd (SLB.N), the world's largest oilfield services provider, plans to shed 5 percent of its North American workforce, or 1,000 jobs, and is looking at cuts elsewhere, a spokesman said on Thursday.
Nissan to cut 1,200 jobs
Japanese car giant Nissan is to cut 1,200 jobs in Sunderland due to a sales slump caused by the global economic slowdown, it said Thursday.
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