Firm Management
Monsanto to cut 2,600 jobs, buyback shares
As part of its restructuring plan to reduce costs, Monsanto Co has decided to cut 2,600 jobs. The slashing of jobs accounts for 11.6 percent of total employees at Monsanto. With an objective of boosting confidence for investors, Monsanto has taken up share buyback exercise.
Wal-Mart cuts 450 jobs at headquarters
Earlier this week, hundreds of corporate and support jobs will be laid off at Wal-Mart Stores. The cuts come at time Wal-Mart is investing in billions to strengthen its e-commerce for better competition with Amazon.com and Target, giving hundreds of thousands of in-store workers raises.
Falling shares will close Dunkin’ Donuts 100 U.S. stores
Dunkin' Brands, the company parent of Dunkin' Donuts and the Baskin-Robbins ice cream chain, will close 100 Dunkin' Donuts stores in the United States. The closing of stores will be this year and next as announced Thursday as reported by CNN Money.
Rolls-Royce is planning to cut more jobs in the Marine Division
Rolls-Royce is planning to cut almost 400 jobs in its marine division according to a reliable source. The company which has been reported a series of losses this year is expected to perform the job cuts as soon as next week. It is believed that the job cut done as a way for the company to stay profitable.