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UPDATE 1-STMicro to cut 1,400 jobs and quit set-top business
2016-01-27 11:13:04| Electronics - Topix.net
Jan 27 Franco-Italian chipmaker STMicroelectronics said on Wednesday it would cut about 1,400 jobs worldwide as part of a global restructuring plan that would put an end to its set-top box business. The headcount reduction includes about 430 positions in France, 670 in Asia, mostly in India, and 120 in the United States, STMicro said in a statement.
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Southwestern Energy to cut 1,100 jobs amid oil slump
2016-01-21 19:31:28| Oil & Gas - Topix.net
Southwestern Energy is cutting 1,100 jobs, with the price of crude wallowing at levels not seen in more than a decade. Southwestern Energy had about 2,780 employees at the end of 2014, the last time it reported how many workers it had.
J&J to Cut 3,000 Jobs Amid Medical-Device Sales Slump
2016-01-19 22:39:41| Food - Topix.net
Johnson & Johnson plans to cut about 3,000 jobs, or 2.5 percent of its total workforce, from its medical devices business in a move that could set up the world's largest maker of health-care products to rebuild the unit through acquisitions. The company will reduce 4 to 6 percent of positions at the medical-device business over the next two years, leading to pretax restructuring costs of $2 billion to $2.4 billion.
Aeropostale to cut 100 jobs as part of cost-saving program, reiterates fourth-quarter guidance
2016-01-13 00:07:58| Apparel - Topix.net
The mall-based teen retailer said in a release Tuesday that the savings will be achieved in fiscal 2016. The company expects to record about $1.5 million in pre-tax expenses during fiscal 2015 related to the program.
As oil plunges, energy companies cut jobs, postpone projects
2016-01-12 22:20:37| Oil & Gas - Topix.net
The world's biggest oil companies are slashing jobs and backing off major invest... . In this Wednesday, Nov. 25, 2015, photo, Cornelio Bonilla pumps gas at Best Food Mart gas station in Gainesville Ga.
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