Whirlpool to Cut 5,000 Jobs as U.S. Economy Slows (Update4) (Bloomberg)
Oct. 28 (Bloomberg) — Whirlpool Corp. , the world’s largest appliance maker, will cut 5,000 jobs, or 6.8 percent of its workforce, and forecast lower annual profit as the global credit crunch and U.S. housing slump clips appliance sales.
Source: www.bloomberg.com
Whirlpool to cut 5,000 jobs by end of 2009 (AP via Yahoo! News)
Whirlpool Corp. said Tuesday it is eliminating about 5,000 jobs this year and next, due in large part to the long downturn in the U.S. housing market.
Source: news.yahoo.com
Call Of the Times: Time Inc To Cut 600 Jobs; 6 Percent of Staff; Reorgs Into Three Groups (paidContent.org via Yahoo! Finance)
Time Inc, the biggest magazine publisher in the world, is cutting 600 jobs, about 6 percent of its total staff, NYT reported late today, and the company announced internally. The company has about 10,200 employees globally, with about 7K in the U.S.
Source: biz.yahoo.com
Employment levels remain stable: Stats SA (SABC News)
Employment levels in the second and third quarter of 2008 have remained stable at 13.7 million, Statistics SA said today. “The stability is due to loss of jobs in the informal sector (165 000) and a slight gain in employment in the formal sector (24 000)…” the agency said.
Source: www.sabcnews.com
Whirlpool to cut 5,000 jobs by 2009 (AP via Yahoo! News)
Whirlpool Corp. says it will cut 5,000 jobs by the end of 2009 because of the global credit crisis and its expectation for continued reduced demand in North America and Europe.
Source: news.yahoo.com
Whirlpool to cut 5,000 jobs as credit crisis saps demand (AFP via Yahoo! News)
Whirlpool Corporation, the US manufacturer of home appliances, said Tuesday it would cut 5,000 jobs worldwide because of slumping demand in North America and Europe amid the global credit crisis.
Source: news.yahoo.com
Whirlpool to cut 5,000 jobs by late 2009 (USA Today)
Whirlpool Corp. said Tuesday it will cut about 5,000 jobs by the end of 2009 because of the global credit crisis and its expectation for continued reduced demand in North America and Europe.
Source: www.usatoday.com
Fidelity Investments may cut 4,000 jobs (UPI)
BOSTON, Oct. 28 (UPI) — Fidelity Investments said it is working on trimming costs, but would not comment on a report that said it was planning to cut 4,000 jobs.
Source: www.upi.com
