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With plant closure, Stanley Furniture may cut some jobs at High Point HQ
2014-04-04 21:26:07| Furniture - Topix.net
Stanley Furniture, which relocated its headquarters from Virginia to High Point last year, said there may be some job losses at the High Point location due to a decision to close a Robbinsville plant that makes the Young America furniture line.
Top tax rate cut 'raises billions'
2014-04-04 16:14:50| BBC News | Business | UK Edition
John Redwood says the 45% top tax rate is raising billions, as Chancellor George Osborne faces calls for further cuts.
UPDATE 1-Juniper to cut 6 pct jobs, focus on high-growth businesses
2014-04-03 17:21:28| Telecom - Topix.net
Network gear maker Juniper Networks Inc , which is under pressure from investor Elliott Management Corp to slim down, said it plans to reduce its global workforce by 6 percent and focus on its high-growth businesses.
Juniper Networks to cut 6% of global workforce
2014-04-03 08:29:00| Telecompaper Headlines
(Telecompaper) Juniper Networks announced further details of its planned restructuring, including a 6 percent reduction in its workforce. In a SEC filing, the company said the "integrated operating plan", or IOP, is aimed at focusing Juniper on high-growth segments and right-sizing certain functions. The majority of the headcount reductions are immediate, and a significant proportion are middle management positions. The company estimates cash severance costs at around USD 35 million in the first quarter of fiscal 2014. To improve its portfolio, Juniper is also ending development of the application delivery controller technology licensed in July 2012. This will result in an impairment charge of USD 85 million in Q1, but will have no impact on revenues. In addition, the company expects to record other non-cash asset write-downs of approximately USD 10 million in the first quarter. Additional actions and restructuring charges are expected to be taken in the second quarter and the balance of fiscal 2014, including facilities consolidations, marketing program reductions, and other asset restructures. This will result in the future disposal of around 300,000 square feet of leased facilities, representing 12 percent of Juniper's global facilities square footage. The cost of consolidating facilities is expected to be USD 70 million over the full year. Additional restructuring charges of around USD 20 million are expected later in fiscal 2014.
Tags: global
cut
networks
workforce
Boeing to cut 300 Australia jobs
2014-04-03 04:32:14| BBC News | Business | UK Edition
Aerospace giant Boeing says it will cut 300 jobs in Australia, primarily fixed-term contractors, as its aircraft programmes mature.
Tags: jobs
australia
cut
boeing
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