Job Loss

By Walter Hickey On March 1, sequestration will go into effect. While the across-the-board budget cuts will target each and every non-exempt program equally, some states in particular will suffer the brunt of the pain because of an economic reliance on defense infrastructure. Because military personnel are ...

NEW YORK -- Avon Products said it will cut about 1,500 jobs and exit two Asian markets -- South Korea and Vietnam -- as the struggling beauty products seller takes some initial steps toward its cost-cutting goal. The job cuts amount to almost 4 percent of its workforce and marked one of the first major ...

By Annalyn Kurtz The gap between men and women workers is narrowing as hiring remains strong in the female-dominated health care industry. Forget the "mancession" or the "he-covery." Men suffered the biggest job losses in the financial crisis, and also gained the most post-recession jobs. But now, ...

Hostess Brands Inc. agreed in court on Monday to enter private mediation with its lenders and leaders of a striking union to try to avert the liquidation of the maker of Twinkies snack cakes and Wonder Bread. Hostess, its lenders and the Bakery, Confectionery, Tobacco Workers and Grain Millers ...

WASHINGTON -- The number of Americans filing new claims for jobless benefits surged last week to a 1 1/2-year high, a sign superstorm Sandy had dented the U.S. economy by leaving tens of thousands of people out of work. Initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted ...

When people ask me what I did before I became a career coach, I say, "Have you seen the movie 'Up in the Air' with George Clooney?" At which point, they say, "Yes!" Then I say, "He had my job." Sometimes, I even throw in the random additional fact that Clooney and I share the same birthday too. (Sorry George, ...

Colgate-Palmolive Co. unveiled a cost-cutting plan on Thursday that included cutting its workforce by the end of 2016 by about 6 percent. The toothpaste maker, which has some 38,600 employees, also posted a higher quarterly profit that met analyst expectations. Third-quarter profit was $654 million, or ...

By Randall Chase DOVER, Del. (AP) - Chemical maker the DuPont Co. will cut 1,500 jobs and take other steps to increase competitiveness after a third quarter in which earnings fell sharply. The Wilmington, Del.-based company reported net income of $10 million Tuesday, or a penny per share, compared ...

Sony said it will lay off staff in its headquarters by a fifth and shutter a factory making camera lenses and mobile phones in Japan, providing new details of a previously announced plan to trim its global headcount by 10,000 by end-March. ...