AstraZeneca PLC is eliminating 1,800 research and development jobs as part of a restructuring process. The pharmaceutical company said about 550 jobs will be eliminated at its U.S. headquarters in Delaware, where it psychiatric research laboratory will be closed. AstraZeneca will also be closing research sites in Sweden and the United Kingdom, the Associated Press reports. [...]
Continue reading...Saturday, August 15, 2009
CooperVision will shut down its soft contact lens plant in Norfolk, Virginia, cutting 570 jobs. The work at the plant will be sent to Juana Diaz, Puerto Rico, and Hamble-le-Rice, Hampshire, United Kingdom. No new jobs will be created there. Cooper has cut 685 manufacturing jobs in the past year. CooperVision was founded in 1979, and is the [...]
Continue reading...Thursday, July 30, 2009
Shell has cut its senior management rolls by 20%, from 750 to 600. The layoffs will be complete by the end of this year. The 600 executives retained had to reapply for their own jobs, and will now reorganize their own divisions. More layoffs are expected. Royal Dutch Shell is a multinational petroleum company based in The [...]
Continue reading...Friday, July 17, 2009
Spear Group Holdings will expand its Mason, Ohio plant, creating 30 jobs. The firm is transferring manufacturing capacity from its Milford, New Hampshire location. Spear has plants in Clarksville, Tennessee and Fulton, New York, in addition to Milford and its Mason headquarters. Spear Group Holdings Ltd is a global supplier of clear film pressure sensitive labels. The [...]
Continue reading...Tuesday, June 30, 2009
Internet TV service Joost is cutting jobs, eliminating customer service, and demoting its CEO. Joost has not announced the number of layoffs; it employs 100 people in New York, London and the Netherlands. The firm will move away from its identity as a consumer website due to competition from Hulu, and will concentrate on selling its video [...]
Continue reading...Monday, June 22, 2009
Swire Shipping is cutting two global shipping routes and firing 200 staff, or 40% of its workforce. The shipping line is ending the routes due to lower US and European business. The firm will focus on the Asia-Pacific. The Swire Group is a transnational corporation headquartered in London, UK. It controls a range of wholly owned businesses, [...]
Continue reading...Sunday, June 21, 2009
London’s Christie’s International is cutting more jobs, due to a weak art market and contracting New York art sales. The firm has already cut 10% of it workforce since January, when it had 2,100 employees. It has not said how many people will be cut in this round. Founded in London in 1766, Christie’s is a leading [...]
Continue reading...Thursday, May 28, 2009
Palo Alto, California’s Hewlett-Packard will cut 700 out of 1,300 manufacturing jobs in Erskine near Glasgow, Scotland. The company is shuttering manufacturing operations in Scotland and Germany, and transferring the work to the Czech Republic. HP has run the former Compaq plant in Erskine since 2002. Most of the remaining workers are actually employed by outside agencies. Scottish [...]
Continue reading...Tuesday, May 19, 2009
Bus company Greyhound Lines will lay off 187 employees in St. Paul, Texas, and 93 employees at Greyhound’s parent company, Cincinnati’s FirstGroup America. Some employees will be offered relocation. FirstGroup purchased Laidlaw International, the holding company for Greyhound, in 2007 for $3.4 billion. FirstGroup is the US subsidiary of FirstGroup PLC of Aberdeen, Scotland. Greyhound Lines is an [...]
Continue reading...Friday, May 15, 2009
Bankrupt construction supplier Stock Building Supply will cut 2,200 more workers, and cancel 210 lumberyard and showroom leases nationwide. Stock Building Supply is a leading supplier of building materials and construction services to professional home builders and contractors in the US, with fiscal year 2008 sales of $3.5 billion. Parent firm Wolseley is headquartered in Reading, England. [...]
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Tuesday, March 2, 2010
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