The cuts will result in a fourth-quarter charge of about $310 million, or 95 cents a share.
Nacco Industries said it expected to take a fourth-quarter charge of about $10.3 million, or $1.16 a share.
Time Inc. will take a $63 million fourth-quarter charge resulting from the cost of staff cuts.
Without the 1990 fourth-quarter charge, the company would have earned $3.1 million.
Standard Oil plans to take a $30 million fourth-quarter charge after taxes to retire long-term debt.
The cutbacks will result in a $310 million fourth-quarter charge.
In a statement the company said the fourth-quarter charge would bring its total special charges for the year to $65 million.
The company warned that the effort would result in a fourth-quarter charge of up to $100 million and reduced profits for next year, fiscal 1998.
Baxter plans to take a fourth-quarter charge of $250 million, or 40 cents a share.
The moves will result in a fourth-quarter after-tax charge of $348 million, or $1.07 a share, the company said.