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Citing Slow Sales, Caterpillar Announces Layoffs and Reorganization

2015-09-28 23:24:00| ENR.com: Headline News

Facing soft demand in the mining sector and slow overall global sales, Caterpillar Inc. announced on Sept. 24 that it would be reducing its workforce by at least 4,000 to 5,000 employees, with total reductions of 10,000 possible through 2018.

Tags: sales slow citing announces

ConAgra CEO says cost-cutting likely to include layoffs

2015-09-25 18:43:54| Food - Topix.net

ConAgra Foods' chief executive says employees will learn next week about upcoming changes, including likely jobs cuts and a shuffling of operations that could boost the company's presence in Chicago and lower it in Omaha. CEO Sean Connolly said Friday that Omaha will continue to play a sizable role for the company.

Tags: include ceo layoffs conagra

TransCanada says more layoffs coming amid oil downturn

2015-09-24 19:23:21| Energy - Topix.net

The company had already announced cuts to 185 jobs in its major projects department, most of them in Calgary, in June. Spokesman James Millar says the oil downturn has had a profound impact on the company's customers, so it must do whatever it can to reduce costs.

Tags: coming oil amid layoffs

TransCanada warns layoffs coming as oil downturn squeezes customers

2015-09-24 18:41:13| Oil & Gas - Topix.net

Spokesman James Millar says the oil downturn has had a profound impact on the company's customers, so it must do whatever it can to reduce costs. Millar says about a fifth of senior leadership positions are expected to be cut when layoffs and retirements are taken into account and it's not clear yet how many jobs below that level may be eliminated.

Tags: coming customers oil warns