Business

This tag is associated with 1514 posts

Deere – To cut more than 900 jobs

Deere & Co (DE.N), the world’s largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery.  The layoffs, which represent about 3 percent of Deere’s workforce … Continue reading

Photographers – Sports Illustrated laid off all

Can news organizations survive without photographers on staff? That question jolted the media world Friday after Sports Illustrated laid off its entire roster. Photographers haven’t been hit with a layoff of that scale since The Chicago Sun-Times cut its entire 28-person photo staff in 2013. The newspaper said it would use freelance photographers and ask … Continue reading

Biggest-Ever Corporate Layoffs at IBM – To Cut more than 111,000 Jobs

IBM is set to announce the largest round of corporate layoffs in history, culling 26 percent of its worldwide staff, or more than 111,000 people, beginning as early as this week, according to a report. The cuts are part of a reorganisation plan called “Project Chrome” that has been rumoured for several weeks, and which … Continue reading

Crude oil’s collapse will cost 9,000 jobs at Schlumberger

Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production in 2015 and perhaps even longer. The cuts — nearly 8% of Schlumberger’s 120,000 workers, were announced Thursday “to better align with anticipated activity levels for 2015,” the company said. Chosen excerpts by Job Market Monitor. Read … Continue reading

Sony – To cut 90 jobs closing all 14 Canadian stores

Sony Corp. has announced plans to close all 14 of its Canadian stores as it focuses on other areas of its business. The electronics giant said about 90 employees will be laid off as the stores shut down over the next six to eight weeks. Chosen excerpts by Job Market Monitor. Read the whole story at Sony … Continue reading

Target Canada – Closing 133 stores that employ 17,600 people

Target Canada is closing up shop. Target said Thursday that it will begin winding down its Canadian operations, which include 133 stores that employ 17,600 people. The Minneapolis-based company said it reviewed its Canadian subsidiary’s performance and concluded that it would not be profitable until 2021. “This was a very difficult decision, but it was … Continue reading

Skills Gap in US – Skill shortages are not a significant factor impeding current employment growth research finds

Consistent with the view that much of current unemployment must be structural rather than cyclical in nature, even as unemployment has been slow to fall from its recent high level, a number of reports have cited short- ages of skilled workers as a significant barrier to business expansion. A 2011 report by Deloitte and the … Continue reading

Solar Jobs in US – Up 22% in 2014

U.S. solar companies boosted their employee rolls by 22 percent last year, and now employ 86 percent more workers than they did in 2010, driven by rising demand in the world’s third-largest market. Almost 174,000 people are working in the U.S. solar industry, compared with 143,000 in 2013 and 93,500 in 2010, according to a … Continue reading

Bombardier – To cut 1,000 aerospace jobs

Bombardier says it’s going to cut about 1,000 employees from its Learjet business in 2015, affecting sites in Mexico and the United States.  The Montreal-based aerospace company says the cuts are due to weak demand for the Learjet 85 business jet. Chosen excerpts by Job Market Monitor. Read the whole story at  Bombardier to cut 1,000 aerospace jobs … Continue reading

BP – To cut 300 North Sea jobs

Energy giant BP said it was shedding 200 staff jobs and 100 contractors in its North Sea operations today following a sharp drop in oil prices.  The company employs around 3,500 onshore and offshore workers in the North Sea operations, mainly in and around the oil hub city of Aberdeen in Scotland. Trevor Garlick, regional … Continue reading

Alberta – it’s going to be very hard to avoid a recession this year Conference Board of Canada’s chief economist says

With 0il prices plunging almost 6o per cent and job cuts mounting within companies like Suncor Energy and Shell Canada, the spectre of recession has suddenly emerged in Alberta. After gushing about the “superstar” local economy at a speech in Calgary last November, the Conference Board of Canada’s chief economist, Glen Hodgson, ominously warned this week that “it’s going to be very … Continue reading

US – Job Openings increase to highest level since 2001

Job openings climbed in November to the highest level in almost 14 years as the strengthening U.S. economy fueled demand for labor. The number of positions waiting to be filled rose by 142,000 to 4.97 million in November, the most since January 2001, a report from the Labor Department showed today. The pace of hiring … Continue reading

Suncor – To cut 1,000 jobs

Oilsands giant Suncor Energy says it will cut approximately 1,000 jobs and reduce its 2015 spending plans in response to lower oil prices.  The job cuts will primarily affect contract workers, but will also involve a reduction in employee positions, according to Suncor’s announcement, made in a press release today. The Calgary-based company also said it will … Continue reading

Zimbabwe – Banks cut 1,000 jobs last year, union says

Banks in Zimbabwe cut 1,000 jobs last year, eliminating one post out of every six in the southern African country’s banking industry, a union official said. ZB Bank Ltd. eliminated 500 positions, while Steward Bank Ltd. and AfrAsia both trimmed 83, said Shepard Ngandu, assistant secretary general of the Zimbabwe Banks and Allied Workers Union. … Continue reading

UK – Jaguar Land Rover to create 1,300 jobs

Jaguar Land Rover (JLR). Though it’s now owned by the Indian conglomerate Tata, JLR employs more than 30,000 people in the UK and is growing fast. Today it announced it’s set to take on 1,300 new staff at its Solihull plant, who will work on a new Jaguar ‘crossover’ SUV model, a 4×4 based on … Continue reading

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