Bombardier cutting about 5,000 jobs as part of restructuring plan
The company also announced the sale of what it called a number of non-core assets.
GM to cut $5.5B in costs to finance autonomous cars, ride-sharing
Cuts will come from manufacturing, purchasing and administrative divisions over the next three years.
Siemens to axe 7,800 jobs in cost cutting drive
Machinery maker says cuts will save $1.14 billion this year.
Coca-Cola slashing up to 1,800 jobs in cost cutting effort
World’s largest beverage maker says it is looking to save up to $3 billion annually.
GM restructures design process, eliminating 20 executive jobs
Automaker says move cuts complexity and boosts accountability.
Catalyst Paper refinancing effort hits a snag
Specialty paper producer Catalyst Paper Corp. says that one of the unions at its Crofton mill in BC has rejected a new contract that must be ratified as part of the company’s new refinancing plan to stay alive.