+ Caterpillar Inc, the world's largest maker of heavy equipment, plans to lay off 17,000 workers and buy out 2,500 others to cut costs.
+ U.S. mobile phone service provider Sprint Nextel Corp plans to reduce staff by 8,000, or 14% of its work force.
+ Home Depot Inc, the world's largest home improvement retailer, said it would eliminate 7,000 jobs, or 2% of its work force, as it closes its Expo home design unit.
+ Amsterdam-based banking and insurance group ING said it plans to cut 7,000 jobs to save US$1.3-billion (1 billion euros) in 2009.
+ Dutch conglomerate Philips Electronics will cut 6,000 jobs after reporting its first loss since 2003.
+ Corus, Europe's No. 2 steelmaker, said it would cut 3,500 jobs worldwide, 8% of its work force.
+ Spanish steel producer Acerinox said it may temporarily lay off workers at its Spanish factory, which employs 2,500 people, if demand does not improve.
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