restructuring
GM rebounds with US$8.1B 2018 profit on strong pricing
The profits are being announced as GM lays off thousands of workers.
Ford posts quarterly loss amid struggles in Europe, China
The automaker is in the midst of a US$11 billion global restructuring.
Ford to shake up European business, cut jobs [UPDATED]
Reductions would be achieved as far as possible through voluntary departures.
GM says it has 2,700 jobs for workers slated to be laid off
That still leaves the majority of the cuts hitting white-collar workers and Canadians.
Ontario, Bedrock sign MOU to aid with US Steel Canada restructuring
Aim is to protect jobs, pensions and ongoing operations at the Hamilton and Lake Erie facilities.
Maple Leaf Foods cutting more than 400 jobs
Cuts come as the company nears the end of a massive restructuring plan.
BlackBerry cuts jobs, shifts employees as part of turnaround plan
Smartphone maker has not disclosed how many employees have been affected.
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Microsoft to cut 7,800 jobs amid phone business restructuring
Company will write down its entire$7.3 billion purchase of Nokia in Q4, take restructuring charge of up to $850 million.
Chevron Canada Resources slashing 130 jobs
Cuts amount to about 20% of the company’s workforce of more than 600 full-time employees.
Siemens to axe 7,800 jobs in cost cutting drive
Machinery maker says cuts will save $1.14 billion this year.
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Rolls Royce to slash 2,600 jobs in cost cutting restructuring
Aerospace engine maker’s CEO says cuts “will not be the last.”
Cisco laying off 6,000 workers in restructuring
Job cuts will affect workers in operations around the world.
Bombardier Aerospace chief Guy Hachey retiring amid restructuring
Transportation giant’s aerospace division is laying of 1,800 employees.
Unionized workers at London, Ont. Kellogg’s plant approve severance package
Union says employees should be getting more from the company.
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US Steel reports $122M loss in 4Q
Weighed down by restructuring with closing of Hamilton facilities and other costs.
