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Trucking industry lost 4,000 jobs in September, Labor Dept. reports

2015-10-02 16:39:10| Trucking - Topix.net

Substantial revisions to previously reported federal government data show that job creation in the trucking industry hasn't been nearly what it was cracked up to be in the third quarter. In fact, following the adjustments in the latest monthly jobs report from the U.S. Dept.

Tags: september jobs reports lost

 

Mayor Emanuel Announces UPS Will Create 4,000 New Jobs In Chicagoland Area

2014-10-08 18:57:08| Logistics - Topix.net

Boosting Chicago's Competitiveness as a National Leader in Transportation, Distribution, and Logistics is a Critical Part of Mayor Emanuel's Plan for Economic Growth and Jobs; Interview Days to be Held at City Colleges of Chicago on October 18 and October 25 Chicago received support from the Harvard Kennedy School's Social Impact Bond Lab, which provides pro bono technical assistance to state Mayor Rahm Emanuel today announced that UPS will create more than 4,000 full-time and part-time seasonal jobs in the Chicagoland area as part of a Fall Hiring Initiative. The openings are for a combination of positions, including package handlers, delivery drivers, tractor-trailer divers and driver helpers.

Tags: area create jobs ups

 
 

Cisco to slash 4,000 jobs in bid to move faster

2013-08-15 14:52:07| InfoWorld: Top News

Cisco Systems announced Wednesday it will eliminate about 4,000 jobs, saying it needs to pare down middle management to speed up decision-making and execution. The company didn't say when or in what regions the cuts would take place, but it expects to incur related costs of about $550 million. About $250 million to $300 million of those costs will be taken in the first quarter of the company's 2014 fiscal year, which began July 28.

Tags: jobs move bid faster

 

Cisco to cut 4,000 jobs as sales growth slows

2013-08-15 08:30:00| Telecompaper Headlines

(Telecompaper) Cisco's fourth-quarter revenues increased 6.2 percent year-over-year to USD 12.4 billion. Switching revenue rose 5 percent to USD 3.80 billion, and IP routing was flat at USD 2.09 billion. Cisco said its book-to-bill ratio for the quarter was "comfortable above 1", with orders up 4 percent from a year earlier. This includes 5 percent growth in the Americas and 6 percent higher orders in EMEA, while in Asia, orders fell 3 percent. Cisco CEO John Chambers said in a conference call that the market was not improving fast enough and the company would have to reduce costs. "What we see is slow steady improvement, but not at the pace we want," he said. As a result, the group plans to cut 4,000 jobs or around 5 percent of its workforce, the Wall Street Journal reported from the call. This will result in pretax charges of up to USD 550 million. For the current quarter, Cisco forecast revenue growth to slow to 3-5 percent. Net profit for the three months to 27 July was USD 2.3 billion or USD 0.42 per share, up 18.4 percent from USD 1.9 billion or USD 0.36 per share a year earlier. Cash flow from operations increased to USD 4.0 billion from USD 3.1 billion, and the company finished the period with USD 50.6 billion in cash.

Tags: jobs sales growth cut

 

Cisco axes 4,000 jobs despite $2.3bn Q4 profit

2013-08-15 02:00:00| Total Telecom industry news

U.S. vendor to shed 5% of its global workforce at a cost of $550 million as weakness at Asia-Pacific business offsets signs of recovery elsewhere.

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