Latest in Cuts Closures
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Amazon to face legal action after Quebec warehouse closures trigger mass layoffs
A union that represents some Montreal Amazon workers said it will petition a court to compel the company to reopen the warehouses and reverse the job cuts.CNBC - 2d -
Snip, snip: Spending cuts are coming
The federal debt has exploded to $36 trillion and annual deficits now approach $2 trillion fThe Hill - 2d -
Cuts to maths are a national miscalculation
I was lucky to be taught the power of mathematics but threats to the subject now endanger the UK’s AI ambitionsFinancial Times - 3d -
Rafah crossing reopens for Gaza’s sick and injured children after months of closure
Thirty-seven minors leave for treatment as three Israeli hostages return home and 183 Palestinians are released. Thirty-seven sick and injured children left Gaza for treatment on Saturday through ...The Guardian - 5d -
National Airport expects weeklong runway closures following crash
Officials confirmed two of three runways at Reagan Washington National Airport will remain closed over the next few days after Wednesday's deadly plane collision. “As we know the airport is open ...The Hill - 6d -
Unrwa closure imminent as last-bid attempts to stop Israeli ban fail
Palestinians in war-devastated Gaza and occupied West Bank expected to be hardest hit by ban on refugee agency. The main UN agency serving Palestinians in the occupied territories, including Gaza, ...The Guardian - Jan. 29 -
‘It will devastate people’: Palestinians despair at looming Unrwa closure
Nobody knows what will happen when Israel’s ban on UN agency that provides vital services across Gaza, East Jerusalem and the West Bank comes into force on 1 February. Middle East crisis – live ...The Guardian - Jan. 29 -
Hindenburg website hack adds to intrigue around short-selling firm’s closure
In mid-January, Nate Anderson shocked Wall Street by announcing the closure of Hindenburg Research, the tiny short-selling firm he founded that knocked billions of dollars off the valuations of big ...MarketWatch - Jan. 28 -
Closure of SAS investigation was premature, inquiry told
An inquiry into alleged killings carried out by British soldiers in Afghanistan continued on Monday.BBC News - Jan. 27 -
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Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions
NASHVILLE, Tenn. — Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, truck and bus radial tire plant and laying off 700 workers there, the company announced in a news release.NBC News - Jan. 25 -
Retail Closures Surged in 2024, and Could Double to 15,000 This Year
Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.Inc. - Jan. 24 -
Trump cuts Fauci's security detail
President Trump on Friday defended the removal of Dr. Anthony Fauci’s security detail, suggesting former government officials should not get indefinite security, even as Fauci and others whose ...The Hill - Jan. 24 -
Store closures hit highest level since pandemic — see who is shutting down the most locations
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry ...NBC News - Jan. 23 -
Store closures hit highest level since pandemic — see who is shutting down the most locations
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.CNBC - Jan. 23 -
What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.The New York Times - Jan. 23 -
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Record-breaking snow triggers flight cancellations, school and business closures in U.S. South
A polar vortex has led to freezing temperatures throughout the U.S., even reaching parts of the Gulf Coast. The snowy weather has triggered flight cancellations and closed schools and businesses ...CBS News - Jan. 22 -
Sunfish that was unwell after aquarium's closure recovers after human cutouts set up
A solitary sunfish at an aquarium in Japan lost its appetite, began banging into the side of the fishtank and appeared unwell days after the facility closed last month for renovationsABC News - Jan. 22 -
Snow and winter conditions force school and airport closures in the South
A winter storm brought snow and frigid temperatures to parts of the South that rarely see this type of weather. CBS News correspondent Janet Shamlian reports from Houston and CBS News Texas ...CBS News - Jan. 21 -
Taliban official calls for girls' high schools to open, calling closure an 'injustice'
The Taliban’s acting deputy foreign minister called on his senior leadership to open schools for Afghan girls, among the strongest public rebukes of a policy that has contributed to the ...NBC News - Jan. 21 -
Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.The Wall Street Journal - Jan. 17 -
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Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - Jan. 16 -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - Jan. 16 -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - Jan. 16 -
Inflation Rose in December, Putting Rate Cuts Into Question
The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.Inc. - Jan. 15 -
Missile Attack Prompts Emergency Power Cuts in Ukraine
President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.The New York Times - Jan. 15 -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - Jan. 15 -
Cutting aeroplane contrails is an easy climate win
Tackling these emissions should be simple, fast and cost-effectiveFinancial Times - Jan. 13 -
British Steel blunder forced Scunthorpe blast furnace closure
Shutdown last year blamed on wrong coal and is latest sign of difficulties at Chinese-owned operationsFinancial Times - Jan. 12 -
U.S. Companies Cut Diversity Efforts as Challenges Mount
At least six major U.S. companies modified their DEI policies last year.Inc. - Jan. 10 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Meta cutting DEI team, programs in broad shift
Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...The Hill - Jan. 10 -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - Jan. 10 -
Macy's, Kohl's announce nationwide store closures: Here's where
Combined, the companies are closing roughly 90 stores nationwide.The Hill - Jan. 10 -
California authorities give update on L.A. fires and announce school closures
California officials held a news conference on Thursday evening about the wildfires in the Los Angeles area. They announced that all Los Angeles Unified School District schools will be closed on ...CBS News - Jan. 9 -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - Jan. 9 -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - Jan. 8 -
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premisesFinancial Times - Jan. 8