International Business News - Cuts http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Constellation Energy Group Inc. says it will cut some 800 jobs from its global work force. About half of those will be in the Baltimore area. Constellation spokesman Rob Gould says the cuts represent about eight percent of its 10,500-person work force. He says the cuts come as the company redirects and leaves noncore business. http://www.ibtimes.com/articles/20081203/constellation-announces-800-job-cuts.htm Wed, 03 Dec 2008 21:25:43 EST Steel producer AK Steel Holding Corp. said Wednesday it will cut pay for salaried employees by 5 percent starting next year and implement other cost-cutting measures, including offering retirement incentives, to save on costs. http://www.ibtimes.com/articles/20081203/ak-steel-to-cut-salaries-by-5-percent-next-year.htm Wed, 03 Dec 2008 18:53:08 EST Investment bank Jefferies Group Inc. on Wednesday said it will lay off 315 workers, or about 13 percent of its work force, by the end of the year, and close three foreign offices to reduce operating expenses. http://www.ibtimes.com/articles/20081203/jefferies-group-to-cut-work-force-by-13-percent.htm Wed, 03 Dec 2008 18:19:58 EST State Street Corp. on Wednesday said it will cut 1,600 to 1,800 jobs, or 6 percent of its global work force, between now and the end of the 2009 first quarter, in an effort to reduce operating costs. http://www.ibtimes.com/articles/20081203/state-street-to-cut-up-to-1-800-jobs.htm Wed, 03 Dec 2008 18:07:03 EST The News Leader has laid off 10 employees and eliminated five vacant positions. The Staunton newspaper announced Tuesday's cuts in a story published Wednesday. After the cuts, The News Leader will have 83 employees, including about 20 part-time workers. http://www.ibtimes.com/articles/20081203/staunton-news-leader-lays-off-10-cuts-5-positions.htm Wed, 03 Dec 2008 15:37:07 EST The Fort Collins Coloradoan has laid off five employees, including one in the newsroom, and eliminated two vacant positions. The newspaper announced the cuts Tuesday, citing challenging economic trends. http://www.ibtimes.com/articles/20081203/coloradoan-cuts-7-jobs-through-layoffs-attrition.htm Wed, 03 Dec 2008 14:59:07 EST Mississippi's largest newspaper announced Wednesday it was reducing its staff by 9 percent, citing declining revenue and rising expenses. The Clarion-Ledger will cut 33 jobs, including 11 staff positions, through involuntary layoffs, severance offers and attrition. One of those being laid off is Orley Hood, a longtime feature writer and columnist with the Jackson newspaper. http://www.ibtimes.com/articles/20081203/clarion-ledger-newspaper-cuts-9-percent-of-staff.htm Wed, 03 Dec 2008 16:31:04 EST The Hannaford Bros. supermarket chain is offering severance packages as it seeks to reduce the work force at its corporate headquarters in Scarborough, Maine. http://www.ibtimes.com/articles/20081203/hannaford-supermarkets-restructures-corporate-hq.htm Wed, 03 Dec 2008 13:22:41 EST The Battle Creek Enquirer plans to cut 50 jobs, or nearly half of its staff positions, as well as shut down the newspaper's press and move printing to a Lansing facility. http://www.ibtimes.com/articles/20081203/battle-creek-enquirer-to-cut-50-staff-positions.htm Wed, 03 Dec 2008 12:46:40 EST Georgia college students will pay more fees and employees will shell out hundreds more dollars for health care under stopgap budget measures passed by the state Board of Regents on Wednesday. http://www.ibtimes.com/articles/20081203/ga-college-system-approves-higher-student-fees.htm Wed, 03 Dec 2008 12:42:04 EST In a Dec. 2 story about job cuts at the Rochester Democrat and Chronicle, The Associated Press reported erroneously the location of the Gannett Co.'s headquarters. It is in McLean, Va., not Arlington, Va. http://www.ibtimes.com/articles/20081203/correction-rochester-newspaper-job-cuts-story.htm Wed, 03 Dec 2008 11:22:58 EST The Plain Dealer has laid off 27 newsroom employees because of the struggling economy. The cuts on Tuesday were part of a previously announced reduction of 50 jobs at Ohio's largest newspaper, representing 21 percent of its unionized newsroom staff. http://www.ibtimes.com/articles/20081203/cleveland-newspaper-lays-off-27-in-newsroom.htm Wed, 03 Dec 2008 09:03:35 EST The Star Tribune has asked its labor unions to agree to $20 million in cuts by mid-January to address the newspaper's long-term debt. In a memo Tuesday to the company's 1,400 employees, chairman and publisher Chris Harte said "the survival of the company is at stake." http://www.ibtimes.com/articles/20081203/star-tribune-asks-unions-for-20m-in-cuts.htm Wed, 03 Dec 2008 07:51:50 EST American Capital Ltd., an alternative asset manager, said late Tuesday it will cut about 19 percent of its combined U.S. and European work force and close two offices to help reduce expenses amid the ongoing credit crisis. http://www.ibtimes.com/articles/20081203/american-capital-to-cut-110-jobs.htm Wed, 03 Dec 2008 07:18:40 EST The nation's largest newspaper company, USA Today publisher Gannett Co., has begun implementing a 10 percent work force cut announced in October in response to declining revenue. http://www.ibtimes.com/articles/20081202/gannett-begins-carrying-out-promised-cuts.htm Tue, 02 Dec 2008 18:20:25 EST The Rochester Democrat and Chronicle said Tuesday it is eliminating 59 jobs, or 8 percent of its work force, to pare expenses during the weak economy. http://www.ibtimes.com/articles/20081202/rochester-newspaper-to-eliminate-59-jobs.htm Tue, 02 Dec 2008 14:08:29 EST A group of Democratic state lawmakers is asking the federal government to provide more financial aid to the nation's cash-strapped public colleges. Seven members of the California Assembly introduced a nonbinding resolution Monday stating that higher education is critical to the U.S. economy and deserves a bailout as much as the banking industry. http://www.ibtimes.com/articles/20081202/calif-lawmakers-ask-feds-for-college-aid.htm Tue, 02 Dec 2008 11:29:18 EST Dental-laser company Biolase Technology Inc. said Tuesday it cut quarterly costs by $2 million, or 20 percent, as the company continues cutting jobs domestically. http://www.ibtimes.com/articles/20081202/biolase-trims-costs-with-20-percent-job-cut.htm Tue, 02 Dec 2008 07:29:49 EST JPMorgan Chase & Co. said Monday it will cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis. http://www.ibtimes.com/articles/20081201/jpmorgan-cutting-9-200-jobs-at-washington-mutual.htm Mon, 01 Dec 2008 19:10:50 EST Aon Corp., the world's largest insurance broker, said Friday it would slash as many as 700 jobs as part of its $1.43 billion purchase of Britain's Benfield Group Ltd. http://www.ibtimes.com/articles/20081128/aon-to-cut-jobs-as-part-of-benfield-purchase.htm Fri, 28 Nov 2008 17:57:06 EST