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General Electric plans to cut 330 Texas jobs in oil unit
2015-02-03 08:50:35| Oil & Gas - Topix.net
General Electric Co plans to cut 330 jobs in Texas in its oil and gas division, as it grapples with pressure on the unit from the drop in oil prices. The U.S. conglomerate notified Texas state regulators of the planned layoffs at its beam-pumping manufacturing facility in Lufkin, Texas, which amount to about 45 percent of the staff at the location.
CIBC has cut over 500 jobs recently: Wall Street Journal
2015-01-30 05:59:57| Grocery - Topix.net
A published report says the Canadian Imperial Bank of Commerce has cut more than 500 jobs over the past two weeks. The Wall Street Journal quoted an email from the bank as saying the reductions are part of ``an overall alignment of resources.'
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CIBC said to cut 500 jobs to boost operating efficiency
2015-01-30 04:55:06| Grocery - Topix.net
Canadian Imperial Bank of Commerce, the nation's fifth-biggest lender, is cutting about 500 jobs companywide even as it plans to add positions throughout the year, according to a person briefed on the matter. “These reductions reflect an overall alignment of our resources that allows us to better serve our clients and ensure that we are operating efficiently,” the Toronto-based bank said Thursday in an e-mailed statement that didn't elaborate on which jobs and how many are affected.
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Sony to cut 1,000 jobs at smartphone business - report
2015-01-28 08:20:00| Telecompaper Headlines
(Telecompaper) Sony plans to eliminate another 1,000 jobs in its smartphone operations, a person familiar with the matter told Bloomberg. The new cuts will reduce staff in the division to about 5,000 after including 1,000 job losses previously announced by the company. The cuts will affect Sony's operations in China, the UK and Sweden, the report said. CFO Kenichiro Yoshida is ending the development of new smartphones for China and is culling the number of Xperia models. The additional cuts are needed to reach the company's goal of reducing operating costs in the business by 30 percent by March 2017. Sony declined to comment on the report.
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Canadian Oil Price Casualty: Suncor To Cut 1000 Jobs, Slashes Spending Budget by $1B
2015-01-25 06:30:26| Oil & Gas - Topix.net
Another Canadian energy company has fallen victim to the plunging global crude oil prices. Suncor Energy Inc., Canada's biggest energy company, has announced on Tuesday it will be laying off 1.000 jobs as it slashes some $1 billion from its spending budget earmarked for 2015.
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