The Sun-Times Media Group, parent of the Chicago Sun-Times, laid off an undisclosed number of employees, trimming payroll by 15%. The layoffs affected non-union employees…
Bankrupt Pilgrim's Pride will close its Dalton, Georgia, chicken processing plant, laying off 280 employees. The Pittsburg, Texas-based company will shutter the Dalton facility within…
LyondellBasell, the world's third-largest petrochemical company, will cut 3,000 jobs, or 17% of its workers, and reduce expenses by an additional $500 million by 2010.…
Pittsburg, Texas-based Pilgrim’s Pride is closing three chicken-processing plants. The company filed for Chapter 11 bankruptcy protection in December. The plant closings will impact 3,000…
Nortel Networks, which filed for bankruptcy protection last month, will eliminate 3,200 jobs, forgo employee bonuses for 2008, and end stock-based compensation. Nortel cut thousands…
Ritz Camera Centers Inc. filed for bankruptcy protection on Monday. The largest camera-store retail chain in the United States cited a worsening recession, as well…
Chrysler, the third-largest US automaker, wants $2 billion more in federal aid to successfully restructure, pushing its total request to $9 billion. Chrysler also plans…