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As part of its cost-cutting plan, ITV said it expected to cut about 1,000 posts in total - almost a fifth of its 5,500-strong 5,500-strong
The company also announced that it expected to cut its third-quarter dividend.
But it expected to cut costs in its LCD business by 50 billion yen a year as a result of the departure, Sony said.
United Technologies said it expected to cut 11,600 jobs, 5percentt of its 223,100 workers worldwide, because of a deteriorating commercial aerospace market.
The Chicago-based company on Friday said that it expected to cut about 4,500 positions from its passenger jet business, which has factories in the Seattle area.
LONDON (AP) — The Lloyds Banking Group said Tuesday that it expected to cut nearly 1,800 jobs in its group operations and wholesale divisions over the next three years as it consolidates the merger of Lloyds TSB and Halifax/Bank of Scotland.
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The Treasury Department on Monday said it expects to cut its "marketable" debt load by $35 billion in the current quarter, the first such reduction since the second quarter of 2007, when it shed $139 billion in debt.
LONDON — BP, the British oil giant, reported third-quarter earnings that beat analyst expectations on Tuesday and said it expects to cut more costs this year than it had initially planned.
Xerox said it expects to cut 3,000 jobs, or 5.0% of its work force, as a slowdown in orders slams the printer and copier maker's profit margins.
Motorola, the world's No. 2 mobile phone company, on Wednesday lowered industrywide growth expectations for cell phones and chips in 2003 and said it expects to cut more costs, including 3,000 additional jobs.
Now it expects to cut a second billion by October next year, and has its eye on a third.
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