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Challenger: July US Job Cuts Up 43% From June . NEW YORK (Dow Jones)--The deterioration in the labor market continued in July, but a recovery in capital spending may eventually spur job growth, outplacement firm Challenger, Gray and Christmas reported Tuesday. The firm counted 85,117 planned job cuts in July, 43% higher than the 59,715 cuts reported in June. Job cuts announced by U.S. corporations from the start of the year through July totaled 715,649, down 12% from the 814,493 reported during the same seven-month period last year. "If there is significant capital spending to compel to start hiring again"...

DETROIT, Aug 1 (Reuters) - Ford Motor Co. hopes to eliminate about 21,000 jobs or 20 percent of its blue-collar work force over the life of a new collective bargaining agreement with the United Auto Workers union, sources familiar with the company's plans said this week. When it unveiled a multiyear turnaround plan to recover from a deepening financial crisis in January last year, the world's second largest automaker said it planned to cut about 12,000 hourly jobs, nearly all represented by the UAW. But sources close to the company said it was now looking at shrinking even further its...

<p>Thousands of state workers will be laid off as the state seeks to trim nearly half a billion dollars from its payroll next year, administration officials said Thursday.</p> <p>State workers surviving the layoffs will be asked to share the state's fiscal pain by forgoing pay raises now scheduled to take effect in July.</p>

Boeing to cut 5,000 more jobs SEATTLE - Boeing plans to cut another 5,000 jobs next year. Commercial Airplanes CEO Alan Mulally in Seattle told employees he hopes half the cuts will come from attrition, instead of layoffs. katu.com will have more details as soon as they are available. (Copyright 2002 by The Associated Press. All Rights Reserved.)

ABBOTT PARK, Ill. -- Abbott Laboratories (ABT, news) reported a 14% increase in third-quarter net income and said it will cut about 2,000 jobs and eliminate 10 facilities, in a move to restructure global manufacturing operations and reorganize its U.S. diagnostics business. The pharmaceuticals giant said the restructuring plans will result in a fourth-quarter charge of $100 million to $125 million to write down manufacturing facilities and for employee severance costs. Abbott expects to see annual savings of $80 million to $100 million by 2005 once the plans are fully implemented. The restructuring also includes the company's international operations. Abbott...

Report: Dot-com job cuts top 1,000 for second month By LINDA ROSENCRANCE AUGUST 27, 2002 Outplacement firm Challenger, Gray and Christmas Inc. said dot-com job cuts exceeded 1,000 for the second month in a row. In August, dot-com companies announced plans to cut 1,193 jobs, just 557 fewer than the 1,750 cuts announced in July, according to Chicago-based Challenger, which tracks job cut announcements daily. Challenger said it was the first time this year that dot-com job cuts topped 1,000 for two consecutive months. Still, the August figure was 76% lower than the 4,899 job cuts recorded in the same...

NEW YORK, Aug 5 (Reuters) - Announcements of job cuts at U.S. companies fell to the lowest level in 14 months in July, a report showed on Monday, during a month in which a mere 6,000 jobs were created. U.S. companies announced 80,966 layoffs in July, down from 94,766 in June, a 15 percent drop, employment research firm Challenger, Gray & Christmas said. "While it is a positive sign that job cuts have slowed so significantly, the news is weakened by the fact that the economy seems to be in a no-growth state," said John Challenger, chief executive of Challenger...