International Business News - Restructuring 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 Belden Inc., a St. Louis-based electronics-components maker, said it plans to cut 1,800 jobs worldwide, or 20 percent of its workforce, and consolidate some manufacturing operations, as demand for its products has continued to soften. http://www.ibtimes.com/articles/20081204/belden-to-cut-1-800-jobs-worldwide.htm Thu, 04 Dec 2008 10:38:04 EST Eclipse Aviation filed for bankruptcy protection Tuesday after failing to produce its very light jet as fast as its business plan required, forcing the manufacturer to take a loss on each aircraft it built. http://www.ibtimes.com/articles/20081125/eclipse-aviation-files-for-bankruptcy-protection.htm Tue, 25 Nov 2008 15:07:30 EST Solutia Inc. said Friday it is restructuring its nylon business unit to cut costs by as much as 10 percent, citing a significant decline in demand for nylon chemicals in recent weeks. http://www.ibtimes.com/articles/20081121/solutia-to-cut-costs-in-nylon-unit-amid-slowdown.htm Fri, 21 Nov 2008 14:52:39 EST Medical technology company SurModics Inc. said Friday it will reorganize its business and eliminate five percent of its work force to reduce costs. After the reorganization, SurModics will be organized into cardiovascular, ophthalmology, in vitro technologies and Brookwood Pharmaceuticals units. The drug delivery, hydrophilic technologies and regenerative technologies businesses will be combined into the cardiovascular unit, while the orthopedics business will be divided up among the four new units. http://www.ibtimes.com/articles/20081121/surmodics-says-it-will-restructure-and-cut-jobs.htm Fri, 21 Nov 2008 13:21:14 EST Insituform Technologies Inc., a contractor that rehabilitates sewers and underground piping systems, said Wednesday it was eliminating 35 staff positions as part of a cost-saving restructuring effort. http://www.ibtimes.com/articles/20081119/insituform-cuts-35-positions-under-reorganization.htm Wed, 19 Nov 2008 08:00:53 EST Putnam Investments said Monday it will cut 47 jobs, including 12 portfolio managers, and merge six of its stock mutual funds into larger funds under a restructuring by the company's new top executive. http://www.ibtimes.com/articles/20081117/putnam-investments-to-cut-47-jobs-merge-funds.htm Mon, 17 Nov 2008 18:30:47 EST Building products manufacturer USG Corp. said Thursday that it is taking restructuring measures such as cuts to capital spending and jobs in response to the sagging construction market and falling economy. http://www.ibtimes.com/articles/20081113/usg-corp-cuts-spending-jobs-to-save-money.htm Thu, 13 Nov 2008 10:14:10 EST Packaging products distributor Crown Holdings, Inc. said Wednesday that it will close two Canadian plants, moves that will likely lead to job cuts among the 175 workers at the facilities. http://www.ibtimes.com/articles/20081112/crown-holdings-to-close-2-plants.htm Wed, 12 Nov 2008 18:08:26 EST Williams Cos., which produces, processes and transports natural gas, said Thursday it is considering restructuring parts of the company, including the possible separation of one or more business units, in a move to boost shareholder value. http://www.ibtimes.com/articles/20081106/williams-mulls-sale-of-some-business-units.htm Thu, 06 Nov 2008 15:39:49 EST Nokia Corp., the world's leading mobile phone maker, on Tuesday announced restructuring plans that affect more than 600 employees, primarily in its marketing and research functions. http://www.ibtimes.com/articles/20081104/nokia-restructuring-plan-to-affect-600-staff.htm Tue, 04 Nov 2008 07:03:08 EST Medical components maker Greatbatch Corp. said Friday it will transfer operations and employees at three facilities, with costs ranging up to $7 million for the move. http://www.ibtimes.com/articles/20081031/greatbatch-to-shift-operations-from-3-facilities.htm Fri, 31 Oct 2008 17:34:24 EDT Standard Register Co., which provides document management services, said Thursday it will lay off 5 percent of its work force as part of a plan to save $33 million in annual costs. http://www.ibtimes.com/articles/20081030/standard-register-to-lay-off-5-percent-of-staff.htm Thu, 30 Oct 2008 16:50:37 EDT In a stark acknowledgment of the tough times ahead in the credit card industry, American Express Co. said Thursday that it plans to cut 7,000 jobs, or about 10 percent of its worldwide work force, in an effort to slash costs by $1.8 billion in 2009. http://www.ibtimes.com/articles/20081030/american-express-to-cut-7-000-jobs.htm Thu, 30 Oct 2008 17:06:47 EDT Align Technology Inc., which makes Invisalign, a clear device used to align teeth without using braces, said Thursday it will cut 111 full-time positions in Santa Clara and consolidate many functions in Costa Rica. http://www.ibtimes.com/articles/20081023/align-technology-to-cut-111-jobs-in-california.htm Thu, 23 Oct 2008 18:04:14 EDT Micron Technology Inc. will cut about 15 percent of its global work force as part of a restructuring of its computer memory chip operations, the company said Thursday. http://www.ibtimes.com/articles/20081009/micron-tech-reduces-global-workforce-by-15-percent.htm Thu, 09 Oct 2008 18:36:18 EDT Computer maker Hewlett-Packard Co. will cut 1,400 jobs in Germany over the next two years as part of a worldwide restructuring effort, a company spokesman said Monday. http://www.ibtimes.com/articles/20081006/hp-plans-1-400-job-cuts-in-germany.htm Mon, 06 Oct 2008 07:09:29 EDT Auto retailer Lithia Motors Inc. said Friday it sold three more stores as part of its restructuring plan to sell 15 of its locations. The company said it sold on Monday its Lithia Dodge and Lithia Chevrolet in Sioux Falls, S.D., to Billion Automotive. It sold Lithia Chrysler Jeep Dodge of Lacrosse, Wis., to Pischke Motors on Tuesday. http://www.ibtimes.com/articles/20081003/lithia-sells-3-more-stores-in-restructuring-bid.htm Fri, 03 Oct 2008 08:42:51 EDT Semiconductor design software maker Magma Design Automation Inc. said Thursday it plans to restructure its business to cut costs in a plan that includes workforce reductions. http://www.ibtimes.com/articles/20081002/magma-to-restructure-business-take-2q-charge.htm Thu, 02 Oct 2008 13:51:06 EDT Apparel maker Liz Claiborne Inc. said Monday it shifted the head of its Mexx brand in Europe to a new role as it seeks to turn the brand around. Jeff Fardell will become senior vice president and managing director, market development for Liz Claiborne. He will be replaced by Tom Fitzgerald, who becomes interim chief executive for the Mexx brand in Europe. http://www.ibtimes.com/articles/20080929/liz-claiborne-replaces-mexx-europe-ceo.htm Mon, 29 Sep 2008 08:55:40 EDT Covidien Ltd., a medical-device maker and diversified health care company based in Bermuda, said Monday it plans to restructure operations in an effort to save $50 million to $75 million annually. http://www.ibtimes.com/articles/20080929/covidien-will-begin-restructuring-program.htm Mon, 29 Sep 2008 08:30:02 EDT