Latest Layoffs News

Bankruptcy judge approves sale of Reading Eagle to chain

May. 22, 2019 6:02 PM EDT

READING, Pa. (AP) — A federal bankruptcy judge on Wednesday approved the sale of the 150-year-old Reading Eagle to a large chain known for buying struggling newspapers and then slashing their newsrooms. MediaNews Group, better known as Digital First Media, offered $5 million for the assets of the...

Union Pacific to lay off up to 195 employees in Hermiston

May. 22, 2019 10:23 AM EDT

HERMISTON, Ore. (AP) — Union Pacific Railroad filed notice this week with Oregon that it will lay off up to 195 employees at the Hinkle Rail Yard in Hermiston and close the yard's supply warehouse and mechanical shop. The East Oregonian reports the railroad said the layoffs would be completed by July 19...

Seeing a twisting road ahead, Ford cuts 7K white-collar jobs

May. 20, 2019 10:03 PM EDT

DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since last...

United Airlines to lay off 100 in Houston, outsource jobs

May. 17, 2019 2:03 PM EDT

HOUSTON (AP) — United Airlines says it will cut about 100 accounting jobs in Houston in July and shift the work to a contractor. The airline reported the layoffs in a letter this week to the Texas Workforce Commission. It did not identify the contractor that will handle accounting of revenue from...

MediaNews offers to buy Reading Eagle out of bankruptcy

May. 16, 2019 7:40 PM EDT

READING, Pa. (AP) — A news media company with a history of taking over struggling newspapers and then cutting jobs has offered to buy the Reading Eagle out of bankruptcy. The Reading Eagle Co. said Thursday that it received two bids to buy its assets, but only one of the bids, from MediaNews Group, was...

Staffer: Illinois newspaper editor resigns to spare layoffs

May. 14, 2019 10:45 PM EDT

SPRINGFIELD, Ill. (AP) — Illinois' capital-city newspaper, a 188-year-old institution tied intimately to Abraham Lincoln, is without a news chief after its editor resigned in hopes of sparing more layoffs, according to a staff writer. Angie Muhs served notice of her resignation on Friday from The State...

European steel merger derailed by antitrust regulators

May. 10, 2019 8:41 AM EDT

FRANKFURT, Germany (AP) — German steelmaker Thyssenkrupp said Friday it would cut some 6,000 jobs and restructure its businesses after saying that it expects European antitrust regulators to block plans for a joint venture with India's Tata Steel. CEO Guido Kerkhoff said 4,000 of the lost jobs would be in...

French unions hold strikes, protests against Macron policies

May. 9, 2019 9:09 AM EDT

PARIS (AP) — French unions are holding strikes and protests against 120,000 job cuts and other deep changes to France's huge public sector by President Emmanuel Macron's government. France's unions have been eclipsed by the yellow vest movement in recent months, and are now trying to capitalize on its...

Siemens to cut 10,000 jobs in major overhaul

May. 8, 2019 8:07 AM EDT

FRANKFURT, Germany (AP) — German industrial equipment maker Siemens says it will cut some 10,000 jobs in a major restructuring that will involve spinning off its oil, gas and power generation business and creating new areas of growth. News of the moves to increase profitability and address the struggling...

French telecom giant Orange on trial over staff suicides

May. 6, 2019 1:58 PM EDT

PARIS (AP) — The toll is shocking: 19 suicides, 12 suicide attempts and eight cases of serious depression among employees at France's main telephone and internet company over three years. A long-awaited trial began Monday in Paris accusing the telecom giant Orange and seven former or current managers of...