Restructuring

  • Lexmark To Cut 13% Of Employees, Stop Producing Inkjet Printers

    Lexmark To Cut 13% Of Employees, Stop Producing Inkjet Printers

    LEXINGTON, Ky. -- Lexmark is cutting 1,700 jobs, or almost 13 percent of its workforce, and says that it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets. The printer and software company said Tuesday that it will close its inkjet supply plant in the... Continue Reading

  • GM Simplifies Vehicle Development, Cuts Jobs

    GM Simplifies Vehicle Development, Cuts Jobs

    DETROIT (AP) -- General Motors is restructuring its vehicle development process, cutting a layer of management and eliminating about 20 executive jobs. The company said Wednesday that no one will be fired because the cuts will come through retirements and reassignment to other positions. Continue Reading

  • Reports: Sony To Cut 10,000 Jobs Over Next Year

    Reports: Sony To Cut 10,000 Jobs Over Next Year

    TOKYO -- Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday. The Nikkei business daily and other media said Sony's decision to slash 6 percent of its workforce comes as it struggles with weak TV sales and swelling losses. Continue Reading