Layoffs

Cars are pictured as workers stop the preparation of the 90th Geneva International Motor Show, GIMS, at Palexpo, in Geneva, Switzerland, Friday, Feb. 28, 2020. The 90th edition of the International Motor Show, scheduled to begin on March 5th, is cancelled due to the advancement of the (Covid-19) coronavirus in Switzerland. The Swiss confederation announced today that all events involving more than 1,000 people would be banned until 15 March. (Salvatore di Nolfi/Keystone via AP)
KNSS News
February 28, 2020 - 6:51 am
LONDON (AP) — Stock markets are heading for their worst week since 2008, Europe's top auto show has been canceled and companies keep lowering their earnings estimates. Here's a look at the latest developments: MARKETS: Share indexes are down sharply again, with losses of over 3% in Japan and...
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FILE - This April 25, 2016, file photo shows the top of the Tribune Tower on Michigan Avenue in Chicago. Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, and navigates the ongoing shift to online media, the Chicago-based company said in a statement Monday, Feb. 3. 2020. (AP Photo/M. Spencer Green, File)
February 18, 2020 - 7:31 pm
Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, andgrapples with a decline in revenue as the print-ad business shrinks. The Chicago-based company, which owns the Chicago Tribune, New...
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February 18, 2020 - 4:26 am
MILAN (AP) — Italian bank Intesa SanPaolo announced Tuesday a 4.9 billion-euro ($5.3 billion) takeover offer for smaller rival UBI Banca - an unexpected move, even if experts have long called for consolidation in the sector. The Intesa SanPaolo share-swap offer values UBI Banca shares at a 28%...
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FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. (AP Photo/Kin Cheung, File)
February 18, 2020 - 3:28 am
HSBC bank said Tuesday it will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and better cope with a slew of global uncertainties. The interim chief executive, Noel Quinn, said the number of people employed by the bank would fall from 235,000 to 200,000...
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FILE - In this Oct. 1, 2019, file photo, Gory Rodriguez, of Starbucks, right, interviews a job applicant during a job fair at Dolphin Mall in Miami. The January U.S. jobs report on Friday, Feb. 7, 2020, may provide timely evidence of the U.S. economy's enduring health. (AP Photo/Lynne Sladky, File)
February 06, 2020 - 11:01 pm
WASHINGTON (AP) — With China's viral outbreak disrupting trade and Boeing's troubles weighing on American factories, the January U.S. jobs report on Friday may provide timely evidence of the U.S. economy's enduring health. Economists estimate that employers added 161,000 jobs last month and that...
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January 28, 2020 - 11:35 am
A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that, in addition to Post-it notes, makes industrial coatings and ceramics. The 1,500 job cuts come less than a year after the company...
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FILE - In this Jan. 26, 2011 file photo, Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, on the floor of the New York Stock Exchange. Calhoun, Boeing's new CEO, said Wednesday, Jan. 22, 2020, that production of the 737 Max will resume this spring, months before the company expects federal regulators to certify the grounded plane to fly again. (AP Photo/Richard Drew, File)
KNSS News
January 22, 2020 - 1:51 pm
Boeing's new CEO said Wednesday that production of the 737 Max will resume this spring, months before the company expects federal regulators to certify the grounded plane to fly again. David Calhoun also said he believes passengers will fly on the Max when federal regulators say it is safe and they...
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January 22, 2020 - 11:53 am
TRENTON, N.J. (AP) — New Jersey has become the first state to guarantee severance pay for mass layoffs, according to the bill's sponsors and the governor's office. Gov. Phil Murphy, a Democrat, signed legislation Tuesday that requires companies with 100 or more full-time employees to pay them a...
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ARCHIVO - En imagen de archivo del 3 de octubre de 2019, los fuselajes del Boeing 737 MAX, fabricados por Spirit Aerosystems en Wichita, Kansas, se encuentran cubiertos pr lonas cerca de la fábrica. (Travis Heying/The Wichita Eagle vía AP, archivo)
January 16, 2020 - 5:30 pm
Kansas Labor Secretary Delia Garcia said Thursday that the state is better prepared to respond to layoffs stemming from the grounding of the troubled Boeing 737 Max than it was during the Great Recession, when it had to borrow money to prop up its unemployment insurance trust fund. That fund now...
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FILE - In this Oct. 3, 2019, file photo completed Boeing 737 MAX fuselages, made at Spirit Aerosystems in Wichita, Kan., sit covered in tarps near the factory. On Friday, Jan. 10, 2020, aircraft parts maker Spirit AeroSystems announced it is laying off 2,800 employees at its Wichita facility due to the grounding of the Boeing 737 Max. (Travis Heying/The Wichita Eagle via AP, File)
January 10, 2020 - 3:47 pm
WICHITA, Kan. (AP) — Problems for Boeing and its troubled 737 Max aircraft, which appear to be growing deeper, have begun to ripple outward, with a major supplier announcing Friday that it will lay off more than 20% of its workforce in Kansas, where it is based. The announcement of 2,800 layoffs at...
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