Latest Layoffs News

Insurer Nationwide cutting 1,100 jobs across country

Nov. 14, 2018 10:35 AM EST

DES MOINES, Iowa (AP) — Nationwide intends to eliminate the jobs of about 1,100 employees across the country — around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des Moines and 350 in Columbus, Ohio, were told Tuesday that their jobs would be...

Hachette Book Group lays off around 2 dozen employees

Nov. 13, 2018 10:42 PM EST

NEW YORK (AP) — Around two dozen employees will be laid off in a re-organization at Hachette Book Group. The publisher announced Tuesday that various imprints would be consolidated and merged, ranging from the religious imprint FaithWords to the feminist Seal Press. Among those leaving are Hachette Books...

Canada's Bombardier says it will cut 5,000 jobs

Nov. 8, 2018 6:02 PM EST

MONTREAL (AP) — Canadian plane and train maker Bombardier Inc. said Thursday it will shed 5,000 jobs and sell off two units as part of a five-year plan to rein in costs, focus on rail and business jets, and reduce debt. About 2,500 Bombardier workers will be laid off in Quebec and 500 in...

Union Pacific 3Q profit up 33 pct and rail still improving

Oct. 25, 2018 4:49 PM EDT

OMAHA, Neb. (AP) — Union Pacific delivered a 33 percent improvement in its third-quarter profit, and executives discussed more details of their plan to cut costs at the railroad. The Omaha, Nebraska-based railroad said Thursday it earned $1.59 billion, or $2.15 per share, in the quarter. That's up from...

Nokia cuts more jobs as high-speed network deals come slowly

Oct. 25, 2018 10:17 AM EDT

HELSINKI (AP) — Telecom networks provider Nokia reported Thursday lower third-quarter earnings and said it would start a new cost-cutting program as it waits for demand for the new 5G systems to pick up. The Finnish company said its net profit for the July-September period fell to 309 million euros ($352...

Hasbro, trying to find footing, posts weak 3Q

Oct. 22, 2018 11:38 AM EDT

NEWARK, N.J. (AP) — Hasbro, wrestling with the demise of Toys R Us and elusive shoppers spending a lot more on high-tech gadgets, fell well short of third-quarter expectations Monday and said it will cut some jobs to save costs. The toy maker, whose brands include Monopoly and Play-Doh, did not specify the...

Most UK firms to trigger Brexit safety plans 'by Christmas'

Oct. 21, 2018 8:22 AM EDT

LONDON (AP) — The vast majority of British firms are poised to implement their Brexit contingency plans by Christmas if there isn't greater clarity over the country's exit from the European Union, a leading business group warned Sunday. The Confederation of British Industry said these plans could include...

Most UK firms to trigger Brexit safety plans 'by Christmas'

Oct. 20, 2018 7:06 PM EDT

LONDON (AP) — The vast majority of British firms are poised to implement their Brexit contingency plans by Christmas if there isn't greater clarity over the country's exit from the European Union, a leading business lobby group warned Sunday. The Confederation of British Industry said these could include...

Toys R Us ... not dead yet

Oct. 3, 2018 8:17 AM EDT

There may be a second act for Toys R Us, the retail wonderland for children that turned out the lights at hundreds of stores for what was thought to be the final time over the summer. After joining the parade of retailers that never recovered from the recession and radical changes in the way Americans shop for...

Indiana governor ordered to turn over Carrier email exchange

Sep. 27, 2018 4:25 PM EDT

INDIANAPOLIS (AP) — Indiana Gov. Eric Holcomb's office has been ordered by a judge to turn over emails between then-Gov. Mike Pence, President-elect Donald Trump and Carrier Corp. about Trump's negotiations to prevent the company from moving most of its operations from Indianapolis to Mexico. Monday's...