Limited Brands cuts corporate staff
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Retailer Limited Brands Inc. will cut corporate jobs in Columbus and New York to reflect a smaller company that is moving away from apparel sales to concentrate on lingerie and beauty businesses, the company said Friday.
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THE REGION Procter &amp; Gamble Co. has eliminated 2,800 positions over the past fiscal year, with more than half coming from Gillette, as a result of P&amp;G's takeover of the Boston shaving firm. P&amp;G's $54 billion acquisition of Gillette is expected to result in an estimated 5,000 job cuts from the combined workforce of about 140,000. Already, Boston has lost ...
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Retailer Limited Brands Inc. has reorganized into three business groups for lingerie, personal care and apparel, forming an executive committee to oversee financial and operational management of the new structure.
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Walt Disney Co. on Friday said it would cut jobs in its animation unit as the media company sought to be flexible in timing of its films.
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Limited Brands Inc. LTD.N  on  Thursday posted lower third-quarter earnings, and left its  outlook for the fourth quarter and full year unchanged.
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Claire Wattsâs departure comes as the worldâs largest retailer continues to work to revive sales in the flagging division.
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Chiquita Brands International Inc  said on Monday it will cut management jobs and close facilities as part of a restructuring to generate annual cost savings of $60 million to $80 million, sending its shares up more than 7 percent.
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Tate & Lyle is to cease production of citric acid at a North Yorkshire factory, with the loss of 100 jobs.
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Bosses of a holiday firm which has gone into liquidation say 40,000 of their customers will be affected.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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THE flagship Boots store on Princes Street is to lose its dentistry and chiropody clinics as part of a nationwide cutback of services by the company.
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Software companies Commerce One and Manugistics each announced on Friday plans to cut staff, the latest round of layoffs in a dismal business-software market.
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Standard Chartered, the British-based emerging markets bank, said it will lay off 200 employees from its consumer banking operations in Hong Kong or five percent of its total workforce in the territory.
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The scandal-beset company will also lay off about 10 percent of its work force.
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The Limited has decided to focus on its core brands, and the results so far are mixed.
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Limited Brands Inc. said on Monday that it will transfer 75 percent of the ownership of its Limited Stores chain as it completes its moves away from being an apparel retailer to one focused on its more profitable lingerie and beauty businesses.
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The NHL's official puck supplier has laid off half its staff, a result of the hockey lockout that entered its 123rd day on Sunday.