General Electric is cutting jobs at finance unit GE Capital as part of a $2 billion cost-reduction program. GE said it was making announcements internally,…
As part of a larger plan to reduce expenses, Sparrow Hospital in Lansing, Michigan has eliminated 23 managers' positions. In November, Sparrow announced it would…
Woodland Park, New Jersey chemical firm Cytec Industries lowered its fiscal 2008 profit estimate and announced plans to slash 600 jobs, mostly in its specialty…
Drugstore chain Walgreen will cut 1,000 jobs by June, or about 9% of corporate management, through a combination of voluntary buyouts and layoffs. The Deerfield,…
Schlumberger, the world's largest oilfield services corporation, will cut about 5% of its North American work force plus an unspecified number globally, in response to…