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Tag Results for "Layoffs"

Pemex Prepares to Lay Off 15,000 in Mexico

State-owned oil giant Petroleos Mexicanos, or Pemex, plans to cut at least 15,000 jobs as part of a reorganization, press reports said. continue reading »

Hostess To Shut Down After Failed Union Talks

A U.S. bankruptcy court accepted the request by giant U.S. bread and cake producer Hostess Brands Inc. to shut down due to a strike that has derailed its recovery plan, a move that means that some 18,500 workers will be laid off. continue reading »