Layoffs

February 18, 2020 - 5:26 am
MILAN (AP) — Italian bank Intesa SanPaolo announced Tuesday a 4.9 billion-euro ($5.3 billion) takeover offer for smaller rival UBI Banca - an unexpected move, even if experts have long called for consolidation in the sector. The Intesa SanPaolo share-swap offer values UBI Banca shares at a 28%...
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FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. (AP Photo/Kin Cheung, File)
February 18, 2020 - 4:28 am
HSBC bank said Tuesday it will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and better cope with a slew of global uncertainties. The interim chief executive, Noel Quinn, said the number of people employed by the bank would fall from 235,000 to 200,000...
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FILE - In this Oct. 1, 2019, file photo, Gory Rodriguez, of Starbucks, right, interviews a job applicant during a job fair at Dolphin Mall in Miami. The January U.S. jobs report on Friday, Feb. 7, 2020, may provide timely evidence of the U.S. economy's enduring health. (AP Photo/Lynne Sladky, File)
February 07, 2020 - 12:01 am
WASHINGTON (AP) — With China's viral outbreak disrupting trade and Boeing's troubles weighing on American factories, the January U.S. jobs report on Friday may provide timely evidence of the U.S. economy's enduring health. Economists estimate that employers added 161,000 jobs last month and that...
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FILE- In this Oct. 24, 2017, file photo, the logo for 3M appears on a screen above the trading floor of the New York Stock Exchange. A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that, in addition to Post-it notes, makes industrial coatings and ceramics. (AP Photo/Richard Drew, File)
AP Newsroom
January 28, 2020 - 4:38 pm
A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that makes Post-it notes as well as industrial coatings and ceramics. The 1,500 job cuts come on top of the 2,000 jobs the company trimmed...
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FILE - In this Jan. 26, 2011 file photo, Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, on the floor of the New York Stock Exchange. Calhoun, Boeing's new CEO, said Wednesday, Jan. 22, 2020, that production of the 737 Max will resume this spring, months before the company expects federal regulators to certify the grounded plane to fly again. (AP Photo/Richard Drew, File)
January 22, 2020 - 2:51 pm
Boeing's new CEO said Wednesday that production of the 737 Max will resume this spring, months before the company expects federal regulators to certify the grounded plane to fly again. David Calhoun also said he believes passengers will fly on the Max when federal regulators say it is safe and they...
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FILE - In this Oct. 3, 2019, file photo completed Boeing 737 MAX fuselages, made at Spirit Aerosystems in Wichita, Kan., sit covered in tarps near the factory. On Friday, Jan. 10, 2020, aircraft parts maker Spirit AeroSystems announced it is laying off 2,800 employees at its Wichita facility due to the grounding of the Boeing 737 Max. (Travis Heying/The Wichita Eagle via AP, File)
AP Newsroom
January 10, 2020 - 4:47 pm
WICHITA, Kan. (AP) — Problems for Boeing and its troubled 737 Max aircraft, which appear to be growing deeper, have begun to ripple outward, with a major supplier announcing Friday that it will lay off more than 20% of its workforce in Kansas, where it is based. The announcement of 2,800 layoffs at...
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Presidential candidate Marianne Williamson speaks at a campaign stop at Body and Soul Wellness Center in Dubuque on Saturday, Nov. 30, 2019. (Eileen Meslar/AP via Telegraph Herald)
January 02, 2020 - 4:34 pm
CONCORD, N.H. (AP) — Bestselling author and spiritual guru Marianne Williamson has laid off her entire 2020 campaign staff but is pushing ahead with her Democratic presidential bid, two former staffers said Thursday. Paul Hodes, a former congressman who had served as Williamson’s New Hampshire...
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Boeing workers exit the plant in front of a giant mural of a jet on the side of the manufacturing building behind Monday, Dec. 16, 2019, in Renton, Wash. Shares of Boeing fell before the opening bell on a report that the company may cut production of its troubled 737 MAX or even end production all together. (AP Photo/Elaine Thompson)
December 17, 2019 - 10:06 am
Boeing is suspending production of the 737 Max as hopes of getting its marquee aircraft back in the air quickly fade. The ramifications are likely to ripple beyond the factory floor of Boeing's plant in Renton, Washington, across both the aviation and manufacturing sectors. It could ultimately...
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FILE - In this April 8, 2019, file photo Boeing 737 Max 8 jets are parked behind a stop sign indicating a traffic crossing at a Boeing Co. production facility in Renton, Wash. On Monday, Dec. 16, shares of Boeing are falling before the opening bell on a report that the company may cut production of its troubled 737 Max or even end production all together. (AP Photo/Elaine Thompson, File)
December 16, 2019 - 6:28 pm
Boeing Co. said Monday that it will temporarily stop producing its grounded 737 Max jet starting in January as it struggles to get approval from regulators to put the plane back in the air. The Chicago-based company said production would halt at its plant with 12,000 employees in Renton, Washington...
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Democratic presidential candidate South Bend, Ind., Mayor Pete Buttigieg waits backstage as he is introduced to speak at the Iowa Farmers Union Presidential Forum, Friday, Dec. 6, 2019, in Grinnell, Iowa. (AP Photo/Charlie Neibergall)
December 14, 2019 - 12:56 am
DES MOINES, Iowa (AP) — Kim Motl doesn’t work in the health insurance industry. But her friends and neighbors do. So when she saw Sen. Elizabeth Warren recently in Fort Dodge, Iowa, Motl pressed the Democratic presidential candidate about her “Medicare for All” plan, which would replace private...
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