The automaker will eliminate one of two shifts at its Warren, Michigan plant, which makes transmissions. The company won't say how many jobs will be affected, but the cuts could eliminate about half of the nearly 600 jobs at the plant. "Recent actions to reduce passenger car production have caused us to adjust transmission production," said GM's statement.
Closing of 27 Kmart, Sears Stores Follows News of Macy's Cutbacks
More than two dozen Kmart stores will be closing this spring, with liquidation sales beginning later this month, a Sears Holding Corp. spokesman told the Detroit Free Press . Company spokesman Howard Riefs declined to tell the Free Press the number of stores that would be closing, but added that the closures would be nationwide and include some Sears stores as well.
Macy's said it is closing about 40 of its roughly 770 existing stores. Four of the stores were recently closed and the remaining 36 will be shut early this year. See if your local store is on the list.
Oprah Winfrey to layoff her remaining employees in Chicago
Harpo Studios will begin to layoff its remaining 183 employees next month in Chicago Oprah Winfrey told employees in March she would be relocating the company to California Earlier this year, OWN moved into a space called The Lot in West Hollywood, setting the stage for the shutdown of Harpo after 26 years On the same day that Oprah Winfrey unveiled the annual list of her favorite things, it has been revealed that her employees in Chicago will be having a very bleak holiday season.
America's most iconic retailers are shutting down stores and laying off thousands - and this could be just the beginning
Two of America's most iconic retailers are shutting hundreds of stores, and experts think more closures will follow. Walmart and Macy's have recently announced store closures and layoffs. Walmart is closing 269 stores, including those under the Express, Neighborhood Market, and Supercenter names. Macy's is closing 40 stores in the beginning of this year.
Shell to shed further 2,800 jobs after BG takeover
Royal Dutch Shell plans to cut about 2,800 jobs after its takeover of BG Group is completed early next year. Shell said the cuts, quantified for the first time since the $60bn (£40bn) deal was announced in April, would affect about 3% of the combined company's permanent workforce.
Biogen Axes 11% of Workforce in Restructuring | GEN News Highlights | GEN
Biogen said today it will reduce its workforce 11%, or up to about 880 employees, mostly by year's end as part of a restructuring that will also include termination of several pipeline drug development programs. The layoffs and restructuring come as the biotech giant responds to a slower increase in sales for its marketed drugs than in recent years-a slump that has resulted in the company's stock losing 44% of its value since reaching its 2015 high closing price of $475.98 on March 20, falling to a closing price of $265.81 yesterday.