Citing economic downturn, Sovereign Bank laying off 950 a few months after cutting 1,000 jobs

October 7th, 2009 Alcoa posts 3Q profit of $77M on cost cutsPITTSBURGH — Alcoa Inc., the largest U.S. aluminum producer, on Wednesday said it returned to profitability after three consecutive quarterly losses, helped by cost-cutting and rising orders from automakers and other big manufacturers.

October 7th, 2009 NC Web company expanding in SC, adding 1,000 jobsCOLUMBIA, S.C. — Officials say a North Carolina Internet marketing and sales company will expand and move its headquarters to South Carolina, creating 1,000 new jobs in the next few years.

October 6th, 2009 BA cuts 1,000 jobs, will shrink Heathrow crewsLONDON — British Airways PLC says it is shedding 1,000 fulltime jobs and putting 3,000 more employees on part-time work and reducing size of cabin crews at Heathrow in an effort to get the troubled airline's finances back in order. BA spokesman Paul Marston said Tuesday the company was in "a very serious financial position" and was working hard to turn itself around with an aggressive cost-reduction program.

October 2nd, 2009 Summary Box: Another cruel month for jobseekersRISING PINK SLIPS: Employers cut 263,000 jobs in September, after a reduction of 201,000 in August. Even though the economy is in a recovery, companies are still sticking with cost cutting.

August 24th, 2009 Report: Japan Airlines mulls cutting 5,000 jobsTOKYO — Struggling Japan Airlines Corp., which is in the midst of major restructuring, is considering slashing 5,000 jobs in three years, a news report said Monday. The planned job cuts would be equal to about 10 percent of the company's work force, Kyodo News agency said, citing unnamed industry sources.

August 10th, 2009 Meltdown 101: Why unemployment will lingerThere is a growing sense among economists that the worst of the recession might be over. Unfortunately, the same can't be said for the labor market.

August 7th, 2009 Canada sheds 45,000 jobs in JulyTORONTO — Canada lost a more-than-expected 45,000 jobs in July. Statistics Canada said Friday the unemployment rate remained unchanged at 8.6 percent, an 11-year-high.

July 16th, 2009 ABX Air laying off 1,000 more workers in OhioWILMINGTON, Ohio — ABX Air says it plans to lay off an additional 1,000 workers at its operation in western Ohio by the end of August, reducing the air carrier's presence there to about 1,300 employees. ABX and other businesses at the Wilmington Air Park have been laying off workers since DHL Express announced in May 2008 it was pulling out.

July 16th, 2009 Lloyds Banking Group cutting 1,200 more jobsLONDON — Lloyds Banking Group announced Thursday it would cut another 1,200 jobs to reduce costs and rationalize operations after the government-backed merger of Lloyds TSB and Halifax/Bank of Scotland. Lloyds, whose biggest shareholder is the British government, said 650 permanent jobs would go by the first quarter of next year, 180 staff would move to new positions and 370 agency and contract staff would be cut in its group operations and insurance divisions.

July 15th, 2009 WASHINGTON/CHICAGO - Boeing's Integrated Defence Systems said Wednesday it is cutting 1,000 jobs to accommodate the drop in demand in the federal defence budget. The lost jobs represent about 1.5 percent of the 70,000 employees in the defence branch.

June 30th, 2009 Lloyds Banking Group cutting 1,800 more jobsLONDON — Lloyds Banking Group PLC said Tuesday that it expects to cut nearly 1,800 jobs in its group operations and wholesale divisions over the next three years as it consolidates the merger of Lloyds TSB and Halifax/Bank of Scotland. The partly nationalized bank said 2,100 posts would be affected, but that would be partly offset by creating 350 new roles in the two divisions.

June 9th, 2009 Economic downturn hits world's richest foundationSEATTLE — The Bill & Melinda Gates Foundation may be the world's richest charitable foundation, but that hardly shields them from the economic downturn. Between January 2008 and April 2009, the foundation saw its assets drop from $39 billion to $27.5 billion.

April 27th, 2009 Conde Nast closes Portfolio magazine; 80 jobs lostLOS ANGELES — The business magazine Portfolio is closing down and laying off more than 80 people, just two years after launching with $100 million in backing and visions of becoming a high-end rival to the likes of Fortune, Forbes and BusinessWeek. Conde Nast Publications Inc., the upscale magazine giant run by billionaire S.I.

April 22nd, 2009 Chicago Tribune makes latest job cuts as ad dropsCHICAGO — The Chicago Tribune is cutting 53 jobs as part of a newsroom reorganization designed to help the newspaper weather the economic downturn. The reductions leave the newspaper with a staff of about 430.

January 18th, 2009 KOLKATA - The city-based Dhunseri group is making a Rs.130-crore (Rs.1.3-billion) foray into the IT infrastructure business, generating about 7,000 jobs, a top company company official said here Monday. 'For this twin tower project, we have tied up with the State Bank of India (SBI) for financing,' said Dhunseri chairman and managing director C.K.