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UPDATE 1-General Mills to cut jobs under new restructuring plan

2015-06-25 15:53:52| Agriculture - Topix.net

General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. The company, like rivals ConAgra Foods Inc and Campbell Soup Co, has been struggling with sluggish U.S. sales of cereals and frozen foods as consumers shift to foods perceived as healthier.

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HSN plans 350 jobs cut after closing Virginia distribution center

2015-06-17 14:47:54| Apparel - Topix.net

The shutdown, scheduled to begin in April 2016, stems from continuing evolution in the retail industry and increased customer demands, said Brad Bohnert , operating vice president for PR and events at HSN , a St. Petersburg-based multichannel retailer. The Roanoke facility cannot accommodate the expanding needs of HSN's distribution network and the retailer's plans for fulfillment automation.

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Gap to close 175 stores, cut jobs at headquarters

2015-06-16 04:02:30| Apparel - Topix.net

Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand. REUTERS: Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.

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HSBC to cut 20,000 jobs globally

2015-06-09 06:51:23| BBC News | Business | UK Edition

HSBC, Europe's biggest bank, is planning to cut 20,000 jobs around the world as it tries to reduce costs and simplify its business.

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Rolls Royce to cut 600 jobs in Marine business by year-end

2015-05-20 01:00:00| Ship Technology

Rolls Royce is set to cut 600 jobs in its marine business by the end of this year as part of its plans to introduce cost reduction programmes and to seek further efficiencies in the sector.

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