Goodyear to Cut 340 Jobs Over Next Year
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Goodyear Tire &amp; Rubber Co. on Friday said it plans to cut about 340 jobs over the next year, and will take rationalization charges during the third quarter in an effort to reduce costs in its engineered products and chemical divisions.
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Colgate-Palmolive Co. (CL) will cut about 4,400 jobs and close a third of its factories under a program aimed at fighting rising costs and focusing on higher-profit areas such as oral care, the company said on Tuesday.
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Motorola is to shed an extra 4,000 jobs this year, as it continues efforts to reverse a fall in profits.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world&#39;s biggest carmaker said on Thursday.
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IndyMac Bancorp Inc , one of  the largest U.S. mortgage lenders, said on Tuesday it is  eliminating 2,403 jobs, or 24 percent of its workforce, to cope  with deteriorating housing and capital markets.
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Bank of America Corp. said yesterday it will eliminate 4,500 more jobs as it absorbs the operations of FleetBoston Financial Corp.
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Media company Belo Corp. said yesterday that it will cut 250 jobs, mostly at its Dallas newspaper and TV station. A company spokesman said cuts will be made across Belo&#39;s operations,, though
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Cardinal Health Inc. said it will cut 4,200 jobs as part of a three-year restructuring plan aimed at boosting annual earnings by $500 million.
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The Dana Corporation will eliminate 440 jobs and move some production to Mexico, the auto parts maker announced Tuesday.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan aimed at improving sagging financial and operational results.
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Delphi Corp. said Friday it plans to cut 8,500 jobs -- or 4.6 percent of its total work force -- worldwide next year as part of an ongoing restructuring.
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce, after $3 billion in losses in the region in the past four years.
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Cosmetics giant Avon is to cut 2,400 jobs as part of its multi-year restructuring programme.
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The United States will lose more than 400,000 jobs this year to Mexico, China, India and other Asian nations as multinational corporations restructure operations and shift production overseas, a study showed.
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Goodyear Tire &amp; Rubber Co. (NYSE: GT) expects its third quarter to go from red to black as it posts record sales in this year&#39;s third quarter.
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Sprint Nextel, the No. 3 U.S. mobile service, said it will cut about 4,000 jobs and predicted further pressure on its ability to turn a profit in 2008.
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Wireless phone company Sprint Nextel Corp. said Friday it plans to slash 4,000 jobs and close 125 retail locations to gird itself for an expected slowdown in subscriber growth and revenue.