Wal-Mart is closing 10 underperforming Sam’s Club locations around the country and giving pink slips to 1500 people as part of it’s ongoing cost cutting efforts. According to the company, these specific locations were losing money, but the company plans to add six new Sam’s Clubs and remodel 52 others by the end of [...]
Continue reading...Friday, December 18, 2009
Symmetry Medical, a manufacturer of implants and orthopedic devices, is closing a factory in Auburn, Maine, and cutting an undisclosed number of jobs. The move is part of a broader cost cutting plan as the company faces weaker demand for its products. Production from the Auburn plant will be moved to other locations. [...]
Continue reading...Tuesday, November 3, 2009
Following lower than expected third quarter profits, West Pharmaceuticals announced that it will cut about 100 jobs and reevaluate “certain businesses and initiatives”. 3rd quarter earnings were 50 cents per share instead of the 53 cents per share anticipated by analysts. Currently, the Pennsylvania based company employs about 6300 people. West Pharmaceuticals manufactures pharmaceutical [...]
Continue reading...Tuesday, November 3, 2009
Telecommunications equipment supplier Nokia Siemens Networks has announced a cost cutting plan that includes the elimination of 5,700 jobs world wide. The company operates in 150 countries and says that the job cuts will be evenly spread throughout its operations, but no further details were given. Nokia Siemens Networks was created as the result of [...]
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Monday, January 11, 2010
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