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American Apparel To Cut Jobs, Close Stores In Reported $30M Cost-Cutting Effort
2015-07-06 18:18:48| Apparel - Topix.net
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American Apparel to close some stores, cut jobs to reduce costs
2015-07-06 16:08:58| Apparel - Topix.net
The apparel seller expects to reduce costs by $30 million over the next 18 months. The company said even if revenue increases and costs are cut, there can be no guarantee it will have enough financing commitments to meet funding requirements for the next 12 months without raising additional capital, or that it will be able to raise that capital.
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Manitowoc to cut 130 jobs in early July
2015-07-01 03:47:59| Industrial Machines - Topix.net
"Our business is energy driven," said Brian Smith, director of human resources at the Shady Grove plant. "People don't invest in new energy" when oil prices are low.
Sobey's to cut 1,300 jobs as it streamlines distribution operations
2015-06-28 04:37:44| Grocery - Topix.net
Sobeys Inc. is preparing to shave 1,300 jobs in the wake of its takeover of Safeway Canada as the country's second-largest grocer looks to consolidate its distribution and office operations and cut costs. The retailer is closing three of its distribution centres and launching a new one as well as an expanded one in the next couple of years, Marc Poulin, chief executive officer of parent Empire Co.
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Parexel to cut 850 jobs; Durham impact not immediately known
2015-06-25 17:56:54| Biotech - Topix.net
Global pharmaceutical research group Parexel will lay off 850 workers, though it was not immediately clear how many from Durham would feel the affects. Boston-based Parexel operates 80 locations in 51 countries and employs 17,4400 worldwide.
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