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channelnewsasia.com :

$this->bbcode_second_pass_quote('', 'S')pain pushed forward on Wednesday with a major overhaul of the country's stricken banking sector after Brussels approved EU-funded restructuring plans, and with nationalised Bankia saying it will slash 6,000 jobs and is set for a huge loss. Meanwhile the Bank of Spain delivered more bad news on the overall economy, saying country appears stuck in a job-killing recession in the fourth quarter. The European Commission cleared the restructuring of four Spanish banks -- Bankia, NCG Banco, Catalunya Banc and Banco de Valencia.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'M')obile network equipment maker Nokia Siemens Networks (NSN) will cut 650 jobs as it shuts down its plant in Bruchsal, Germany, a spokeswoman for the company said on Thursday. The 50-50 joint venture between Nokia Oyj and Siemens AG is carrying out a cost-cutting plan, which includes laying off a quarter of its staff and selling product lines to focus on mobile broadband.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'O')nline deals company LivingSocial is cutting 400 jobs, or about 9 percent of its workforce, as the deals market continues to face challenges. The company's sales force faced the most cuts. Others are in customer service and editorial, the people who write up the deals.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'G')erman industrial conglomerate Siemens AG's light bulb unit, Osram, says it is cutting 4,700 additional jobs in its drive to save costs and phase out older technologies. Company spokesman Stefan Schmidt told The Associated Press on Friday the cuts come on top of others previously announced, for a total of at least 7,300 reductions through 2014. Osram currently has some 39,000 employees worldwide.

[Rod_Cloutier]

CP Rail announces job cuts:

$this->bbcode_second_pass_quote('', 'C')anadian Pacific said Tuesday it expected to eliminate 1,700 positions by the end of the year.

Doug Finnson, vice-president of the Teamsters Canada Rail Conference, said the announcement caught him off guard.

He said it would appear the 1,700 layoffs would have to come over the next four weeks.
Firm aims to increase revenue by up to 7%

“I'm wondering how they're going to accomplish that other than to hand out 1,700 layoff notices for Christmas,” Finnson said.

But Canadian Pacific spokesman Ed Greenberg told CBC News the number represented jobs eliminated over the entire year of 2012.

The cuts are part of a plan to increase annual revenue growth between four and seven per cent from 2012 levels as well as reduce its full-year operating ratio — a closely watched measure of how much revenue is required to run the business — to the mid-60s range by 2016.

[ColossalContrarian]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')2). I use the alternative whenever feasible, thank you very much. (Outfits I must deal with like the IRS, courts, government offices, utilities, and most businesses continue to use them -- so it's not like I have a lot of choice). Since you're suggesting alternatives -- how does that work exactly in your world?

3). I pay PLENTY of taxes, thank you very much, as the way I live I get almost no deductions. One of the main deductions I get is for charitable contributions. For all your left wing self righteousness, I give more to well-run charities and truly needy (say via medical disasters until SSI kicks in, which can take many moons) people than I spend on myself. Do you? If not, maybe YOU should refrain from idiotic suggestions/assumptions like whether I should be allowed to use roads.

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channelnewsasia.com :

$this->bbcode_second_pass_quote('', 'N')okia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it is shutting down one of its German units with the potential loss of 1,000 jobs. "Nokia Siemens Networks is planning to close its German unit Nokia Siemens Networks Services, a network infrastructure services provider in the area of traditional telecommunications... by end-2013 at the latest. The closure will affect 1,000 employees at 16 sites in Germany," the company said in a statement.

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todayonline.com :

$this->bbcode_second_pass_quote('', 'C')itigroup, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 per cent of its staff, to save as much as US$1.1 billion (S$1.3 billion) a year in expenses. The cuts are Chief Executive Michael Corbat's first major steps to reorganise the company since he took the reins in October after directors pushed out his predecessor, Mr Vikram Pandit.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'T')he Italian carmaker Fiat says it plans to cut about 1,500 jobs at a factory in Poland due to falling demand for cars on the European market. The layoffs amount to nearly a third of the site's workforce of 5,000. Fiat says it is facing serious difficulties and that there is no prospect for near-term improvement.

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http://news.yahoo.com/avon-products-cut-1-500-jobs-leave-2-125728359--finance.htmlhttp://news.yahoo.com :

$this->bbcode_second_pass_quote('', 'A')von Products says it will cut about 1,500 jobs and exit two Asian markets as the struggling beauty products seller takes some initial steps toward its cost-cutting goal. The New York company will leave South Korea and Vietnam to focus on high priority markets as part of a push to save $400 million by 2015.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'S')porting goods giant Nike plans to expand its operations in Oregon and hire as many as 12,000 new workers by 2020 but wants the government to promise it won't change the state tax code, prompting a special session of the Legislature. The governor did not release information about the company's expansion plans but the $440 million project would create 2,900 construction jobs with an annual economic impact of $2 billion a year.

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engadget.com :

$this->bbcode_second_pass_quote('', 'A')s part of its Google-led overhaul to become a lean and mean smartphone outfit, Motorola is pulling out of South Korea next year. Around 540 jobs will be lost, with 60-or-so staffers being offered a chance to relocate to the company's R&D departments elsewhere.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'B')arclays Plc plans to cut as many as 2,000 jobs in its investment bank as part of a broad restructuring of the company, the Wall Street Journal reported, citing people familiar with the British bank's plans. The paper said senior Barclays executives are planning to recommend that the bank cut between 1,000 and 2,000 jobs, likely to be concentrated in Asia and continental Europe.

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news.cnet.com :

$this->bbcode_second_pass_quote('', 'C')isco Systems is said to be in the works of selling off home wireless router-maker Linksys, according to Bloomberg. Cisco has reportedly tapped financial services company Barclays to help it find a Linksys buyer. The networking-equipment maker bought Linksys for $500 million in 2003 as a way to facilitate its entry into the consumer networking market. Now, nearly 10 years later, it's looking like Cisco is trying to get out of this market. Cisco has shuttered several of its consumer businesses the past couple of years, such as its Flip video business. It has also laid off thousands of employees with the end-goal of cutting about 14 percent of its global workforce, or around 11,500 employees.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'C')hipmaker Texas Instruments says will lay off more than 500 people at a research and development plant near Nice, France, in the coming months. The Dallas-based company announced last month that it is eliminating 1,700 jobs worldwide as it cuts spending in its wireless business. As the company's biggest smartphone and tablet customers have begun developing their own chips, Texas Instruments is shifting the focus to industrial and automotive customers.

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bbc.co.uk :

$this->bbcode_second_pass_quote('', 'B')anco Santander is to absorb two Spanish banks, Banesto and Banif, closing 700 branches in the process. It owns 90% of Banesto and will buy out the minority shareholders with Santander shares at a 25% premium. It already owns all of Banif. The three banks have 4,664 branches in Spain between them. Santander did not say how many jobs would go, but said job cuts would be implemented gradually through transfers around the group, natural turnover and voluntary redundancy.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'S')iemens AG said it plans to cut almost 1,100 jobs in Germany as the engineering giant trims costs to make its energy operations more profitable. Three out of four layoffs will affect the so-called Fossil Power Generation business and the remainder will hit the Oil & Gas division, company spokesman Alfons Benzinger said on Thursday in an e-mailed statement.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'L')ocal U.S. governments cut jobs for the fourth straight month in December, including 11,000 in public schools, dragging down the nation's fragile economic recovery, jobs data showed on Friday. Local government jobs are now at their lowest level since October 2005, with the bulk of the decline coming from layoffs of teachers and other school employees, according to the Labor Department.

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news.yahoo.com :

$this->bbcode_second_pass_quote('', 'S')pain's largest bank Santander will cut 3,000 jobs following its planned merger with its Banesto subsidiary, Cinco Dias reported on Friday, citing sources from unions and close to the bank. Santander announced plans to fully absorb its 110 year-old Banesto brand last month, closing 700 branches to cut longer-term costs. The bank had warned of gradual but heavy job losses when it announced the deal but did not give a specific number. Nationalised Spanish lender Bankia will also begin talks with unions on January 9 over previously announced plans to lay-off 6,000 of its 20,000-strong staff, Europa Press reported.

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bloomberg.com :

$this->bbcode_second_pass_quote('', 'M')organ Stanley, the sixth-largest U.S. bank by assets, plans to eliminate about 1,600 jobs from its investment bank and support staff in coming weeks, a person with direct knowledge of the matter said. Morgan Stanley reduced staff by about 4,200 people in the first nine months of last year through job cuts and unit sales, after saying in December 2011 it would trim 1,600 jobs.