EMI set to cut up to 2,000 jobs: reports
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Music company EMI, home to Robbie Williams and Coldplay, will cut up to 2,000 jobs as part of a restructuring being planned by its private equity boss Guy Hands, Sunday newspapers reported.
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Thomas Cook, the travel firm planning to cut 2,800 jobs, has warned that the UK market remains challenging.
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DALLAS, Sept. 9 -- Electronic Data Systems Corp. could cut 15,000 to 20,000 jobs -- more than 10 percent of its workforce -- over about two years to help reduce costs by about $3 billion, chief executive Michael H. Jordan said Thursday.
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Deutsche Bank, Germany's biggest bank, is considering cutting 2,000 jobs in its investment banking and asset management activities as part of a wide range of cost-cutting measures, the business daily Handelsblatt reported.
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EMI Group Plc is expected to reject a  potential 2.5 billion pound ($4.92 billion) bid from private  equity firm Permira as being too low, the Times newspaper said  on Monday.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.
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Shares in record company EMI sink nearly 15% as the company sees lower-than-expected sales.
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Boston Scientific Corp  said on Wednesday it would cut about 2,300 jobs, or about 9 percent of its workforce, and restructure or sell several business units as part of its efforts to reduce operating expenses.
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Swiss Re  said it would inform  its employees on Monday on staff reductions of up to 2,000 by  the end of 2007, the reinsurer said, after its purchase of the  reinsurance units of General Electric .
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Ford Motor Credit, the financial arm of  Ford Motor Co.  said on Thursday it would cut 2,000 jobs  -- almost a quarter of its staff in North America -- and close  branch offices in order to cut costs.
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DALLAS - Electronic Data Systems Corp. could cut 15,000 to 20,000 jobs - up to one-sixth of its work force - over about two years to help reduce costs by about $3 billion, chief executive Michael H...
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Bombardier Aerospace said on Thursday it will cut about 2,000 jobs at its Montreal-area and Belfast operations and the severance costs linked to the layoffs will affect current year results.
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EMI Group, the world's third-biggest music company, has issued its second profit warning in little over a month, blaming the move on an &quot;unprecedented&quot; decline in US sales of compact discs.
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Capital One says it expects to cut 2,000 jobs - about 7% of its workforce - as it battles rising competition.
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German car maker BMW is set to eliminate "several thousand" jobs next year as part of a cost-cutting plan, a spokesman for the group told AFP on Friday.
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The new owners of EMI Group said Tuesday that they plan to cut up to 2,000 jobs in a restructuring of the recorded music division
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TUI, the German travel company owner of Thomson Holidays, says it plans to cut 2,600 jobs in the UK.