job cuts
Lockheed to Shed 500 Jobs in IT Unit to Stay Competitive
Aeronautics and defense firm Lockheed Martin Corp. plans to let go of 500 employees on its IT division by November as part of its efforts to improve its business.
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GE to Cut 262 more Jobs at its Lufkin Oil Unit, Plunge in Global Oil Prices to Blame
General Electric Co., has announced that it will be cutting 262 more jobs at its Lukin oil unit in Texas, as it struggles with the continued plunge in global oil prices, according to a report from Reuters.
Kraft Heinz to Axe 2,500 Jobs in Cost Cutting Efforts to Save $1.5 Billion by 2017
Food giant Kraft Heinz Co said on Tuesday that it will axe 2,500 positions in the United States and Canada as the company begins an integration that will allow it to save $1.5 billion until 2017.
BHP Billiton to Cut 380 Jobs in Australian Mine Due to Falling Commodity Prices
Mining giant BHP Billiton announced on Sunday a move to cut 380 jobs at its Olympic Dam copper and uranium mine in Australia due to a challenging global business environment and to ensure the sustainability of operations.
Keurig to Cut 200 Jobs in Vermont, 130 More in Other Locations Following Disappointing Sales
Keurig Green Mountain will cut 200 jobs in Vermont state, 130 more in other locations following the disappointing sales of the company, according to a report from the Chron.
McDonald's to Lay Off 135 Workers in Oak Brook, 90 Workers Overseas, Part of Cost Cutting Move
McDonald’s Corporation will be cutting 135 jobs at its headquarters in Oak Brook, Illinois, and 90 more overseas, according to a report from Bloomberg.
Shell to Reduce Cost and Cut Jobs Amidst Oil Market Downturn
Royal Dutch Shell Plc, in a press release, said that they will be reducing costs and slashing jobs later this year due to the continued downturn in the prices of oil.
Goodyear to Close UK Tire Factory to Manage Costs as Competition Rises
Goodyear Tire & Rubber said Thursday it would close its plant in Wolverhampton, England, letting go of its 390 people there to cut costs.
More Job Cuts Coming at General Mills to Manage Cost as Sales Remain Sluggish
Struggling with sluggish sales, cereal maker General Mills said Thursday that it will cut up to 725 jobs continuing its recent moves to let go of people and close facilities to manage its costs.
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