Business

This tag is associated with 1575 posts

Skills Gap in US – An employer-driven talent supplier recognition and certification system is needed US Chamber of Commerce says

There is no time to waste. The skills gap continues to worsen while government policies to improve employer responsiveness through accreditation reform continue to fall short. More employers and business and industry associations now see the need and opportunity to explore an employer-led solution during a time of growing debate on the role of government … Continue reading

Toshiba – To cut 7,000 jobs in PC and TV units

Japan’s Toshiba Corp (6502.T) said on Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal, in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job … Continue reading

Royal Dutch Shell – To cut around 2,800 jobs

Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc. That equates to 3 percent of Shell and BG’s combined workforce as The Hague-based company consolidates offices and its administration structure once the acquisition is completed, it … Continue reading

Toshiba – To cut up to 7,000 jobs

Toshiba Corp is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported. Most of the 6,000-7,000 job cuts will be in the company’s lifestyle segment, which includes consumer appliances, the newspaper said. Toshiba is also looking to “drastically” reduce … Continue reading

Mining – Anglo American to Cut 85,000 Jobs 

The pain among energy and mining producers is growing more acute as prices of global commodities continued their collapse on Tuesday.The newest victim is the London-based mining firm Anglo American. On Tuesday, the company announced a drastic restructuring, which includes expanding job cuts, suspending its dividend, reducing its business unit and cutting its assets. Anglo … Continue reading

Lloyds – To cut 945 jobs

Lloyds Banking Group Plc, Britain’s largest mortgage provider, plans to eliminate a net 945 jobs across operations, including staff at its branch network, as part of broader cost cuts announced last year. The cuts are part of a plan to pare about 9,000 jobs by 2017, the London-based bank said on Thursday. The job losses … Continue reading

Maple Leaf Foods – To cut more than 400 jobs, 3% of workforce 

Maple Leaf Foods Inc. (MFI.TO 0.00%) said it would cut more than 400 jobs, or about 3 per cent of its work force, nearly a month after the Canadian meat packer pushed back its timeline for hitting a key profitability target. Maple Leaf, one of Canada’s biggest pork processors, said on Wednesday the majority of the … Continue reading

Alberta – From labour shortages to 35,000 oilpatch jobs lost

Less than a year ago, Alberta was still complaining of a labour shortage.  Schools couldn’t find bus drivers, job vacancy rates were the highest in the country.  It’s no secret that the situation has changed. The Canadian Association of Petroleum Producers says that 35,000 oilpatch jobs have been cut this year, 25,000 from the oil … Continue reading

Panasonic – 1,300 jobs cut in Beijing

Electronics giant Panasonic on Thursday said it will stop making lithium-ion batteries and will shut down the factory that produces the batteries in Beijing. The company will cut 1,300 jobs as it aims to produce higher-grossing items such as electric car batteries. The plant has been open for 15 years and produces batteries for simple … Continue reading

Carlsberg – To cut jobs in the hundreds in Russia, Europe and Asia

Carlsberg A/S, the world’s fourth-biggest brewer, plans more job cuts across the globe as it struggles to control costs amid tough conditions in markets like Russia and Europe, a person familiar with the matter said. The reductions will number in the hundreds and affect operations in Russia, Western Europe and Asia, said the person, who … Continue reading

Angry Birds – Up to 260 jobs cut to come

opular mobile game maker Rovio Entertainment says it plans to restructure its business and lay off up to 260 people because the company took on “too many things” during the past few years. Rovio says it will focus on three core activities: games, media and consumer products. The layoffs will affect the whole organization, excluding … Continue reading

Royal DSM – To cut as many as 1100 jobs by 2017

Royal DSM will make up to 1100 staff redundant by the end of 2017 in a reorganisation designed to cut the cost of running its pharma, nutrition and materials sciences businesses. The Dutch supplier announced the planned job cuts today, explaining that the move is designed to save it €125m to €150m ($144m to $173m) … Continue reading

Boeing Satellite Business – To cut hundreds of jobs

Boeing Co. said Monday it had started issuing notices for what could be hundreds of layoffs at its satellite business, a move it blamed partly on the stalled reauthorization of the U.S. Export-Import Bank, which supports many of its sales. The aerospace giant expects to lay off “several hundred” workers over the coming months and … Continue reading

Daimler – 1,500 jobs cut in Brazil

Daimler AG is eliminating 1,500 jobs at its Brazilian truckmaking division as demand for commercial vehicles in the country shows no signs of recovery. Workforce cuts became inevitable after industrywide truck sales in Brazil, South America’s largest economy, plunged 44 percent in the first half of 2015, compounding a decline last year, said Florian Martens, … Continue reading

Merck – Near 7,290 positions eliminated

Pharmaceutical giant Merck & Co. (MRK) has slashed more than 85 percent of the positions targeted for elimination under its 2013 restructuring plan, Gen News reported this morning. Merck has eliminated “approximately 7,290 positions” since the restructuring plan was announced, the company said in its 10-Qc filing. The positions include full-time employees, independent contractors and … Continue reading

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