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Truckmaker Volvo cuts 2,000 jobs

2013-10-25 09:21:43| BBC News | Business | UK Edition

Truckmaker Volvo cuts 2,000 jobs after investments in new models and a rising Swedish kronor hold back third-quarter profit.

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Alcatel-Lucent cuts 10,000 jobs in turnaround plan

2013-10-08 15:45:00| Telecom - Topix.net

Telecom equipment maker Alcatel-Lucent unveiled plans on Tuesday to cut an overall 10,000 jobs worldwide by the end of 2015, hoping to save 1 billion euros and turn the company around after years of losses.

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Merck cuts 8,500 extra jobs

2013-10-01 19:21:57| BBC News | Business | UK Edition

US pharmaceutical giant Merck announces it will cut 8,500 further jobs in an attempt to cut $2.5bn (1.5bn) from its costs by 2015.

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BlackBerry cuts 4,500 jobs and streamlines portfolio

2013-09-21 23:20:00| Telecompaper Headlines

(Telecompaper) Blackberry said it will cut approximately 4,500 jobs and streamline its smartphone portfolio from six to four devices. It will focus on enterprise and prosumer-centric devices, with two high-end and two entry-level handset in all-touch and QWERTY models. With the launch of the BlackBerry Z30 this week, the company will re-tier the BlackBerry Z10 smartphone to make it available to a broader, entry-level audience. The special committee of the board of directors continues to evaluate all strategic alternatives for the company. Blackberry aims to cut operating expenditure by some 50 percent by the end of the first quarter of its 2015 financial year. In the second quarter of its 2014 financial year, it predicts a GAAP net operating loss of approximately USD 950-USD 995 million, including a pre-tax restructuring charge of USD 72 million.

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