eBay says that it will reduce its work force by 10 percent which will affect about 1,000 jobs. EBay, which has been struggling to attract new users, also announced that it will buy three online companies, including payments business Bill Me Later.

UBS, Switzerland's largest bank, which has been one of the European banks hardest hit by the U.S. property market meltdown, says that it will cut an additional 2,000 jobs on top of 4,100 investment banking positions cut in the past year.

Apparel maker Hanesbrands Inc. plans to close nine plants within the next year, resulting in the loss of 8,100 jobs in North Carolina and in several Central American countries.

On top of 1,400 earlier cuts and a company-wide pay freeze, newspaper publisher The McClatchy Co. announces another round of staff reductions. About 1,150 more employees will lose work through voluntary buyouts and layoffs.

Hewlett-Packard, which plans to cut 24,600 jobs over the next 3 years as it folds in technology services company EDS, expects to save $1.8 billion per year from the cuts once the restructuring is complete.

Alaska Airlines will cut between 9% & 10% of its 10,000 employees, from across all of its operations.

Weyerhaeuser plans to cut about 1,500 employees by the end of 2009.

A union official says more than 2,000 hourly workers are expected to accept buyout packages from American Axle and Manufacturing Holdings Inc., a key auto parts supplier to General Motors.

Chrysler announced plans to cut 1,000 salaried jobs worldwide by Sept. 30, blaming the prolonged slump in the U.S. auto industry. A spokesman said Chrysler may resort to forced layoffs if too few employees accept early retirements and voluntary separation.

Wachovia slashed its dividend and announced the elimination of more than 10,700 jobs following mortgage-related losses.

Investment bank Goldman Sachs has been the least damaged by a global credit crisis, but the company still cut jobs at its investment banking division last week and plans to shed 10 percent of its workforce.

Just months after Washington Mutual cut more than 3,000 jobs, the nation's top thrift slashes 1,200 more jobs - about 2.6 percent of its workforce - as part of its ongoing efforts to minimize costs and return to profit.  

Air Canada of Montreal will cut about 7 percent of its passenger capacity by the end of this year -- and along with it, as many as 2,000


-- Modified on 10/6/2008 9:11:02 AM