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Tiffany cuts jobs as sales lose sparkle

2016-01-19 16:15:48| Jewelry - Topix.net

Upscale jeweler Tiffany & Co reported a sharp decline in holiday season sales and cut jobs as it struggles with weak spending by tourists in its showpiece stores in the United States. The company's traditional reluctance to offer promotions has been turning away thrifty customers and a stronger dollar has made purchases more expensive for tourists.

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Hawick Knitwear cuts 123 jobs as it enters administration

2016-01-11 13:30:00| Daily apparel & textile news and comment - from just-style.com

UK firm Hawick Knitwear has entered administration, making more than 120 jobs redundant, after efforts to secure new investment failed.

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DuPont cuts jobs ahead of Dow merger; Cargill exits crop insurance business

2015-12-30 08:35:01| Food - Topix.net

DuPont will cut 1,700 jobs in Delaware and thousands more globally as it prepares for its merger with Dow Chemical. Dow and DuPont announced earlier this month that they would join to create a giant chemical producer, DowDuPont, that will eventually be split into three independent companies.

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Electrolux Downsizes Small Appliances Unit, Cuts Jobs

2015-12-09 10:40:11| Appliances - Topix.net

Swedish appliance maker Electrolux AB said Wednesday it will downsize and cut jobs at its Small Appliances business as lower volumes and unfavorable currency movements continue to weigh on the unit. The cuts will be focused mainly in the U.S., Sweden and China as the company targets 120 million Swedish kronor of annual savings by the end of next year, it said.

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Exclusive: Commodity trader Cargill restructures, cuts jobs - sources

2015-11-14 14:57:40| Food - Topix.net

Cargill Inc [CARG.UL], one of the world's largest privately held corporations and a top commodities trader, has launched a restructuring that includes layoffs, one company source and four industry sources said on Friday.

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