Job cuts

This tag is associated with 895 posts

Tesco – UK’s biggest retailer to cut thousands jobs

Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer.  Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its … Continue reading

Sears and Target Employees Losing Their Jobs in Canada – A discount and the promise of local job fairs

Sears Canada has followed through on a promise to begin meeting with some of the workers who are losing their jobs at Target Canada. Chief executive Ronald Boire says about 140 Target employees were bused to its Sears headquarters in Toronto last week, part of a nationwide effort to network with potential candidates. “We felt … Continue reading

Sony Mobile – To cut 1,000 jobs

Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported.  The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, the Nikkei said. Overall, Sony’s mobile division workforce will shrink by about 30 … Continue reading

Automotive Jobs in Canada – Since 2001, more than 53,000 jobs have been lost

The automotive industry’s contributions to the Canadian economy have declined significantly compared to the years between the late 1990s and mid-2000s when automotive manufacturing accounted for eleven per cent of total manufacturing GDP (Sweeney, 2013). While employment in the automotive industry has decreased since 2000, and production capacity in several segments has declined, the industry … Continue reading

Tim Hortons – Planning ‘significant’ layoffs

Tim Hortons is set to lay off a “significant” number of employees of its head and regional offices next week, according to sources.  The layoffs, anticipated to some degree since Burger King finalized its merger with the country’s biggest coffee and baked good chain last month, could come as early as Tuesday, sources familiar with … Continue reading

IBM dismisses report of massive layoffs

IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26% of its workforce, which would represent its biggest-ever layoffs. via IBM dismisses Forbes report of massive layoffs | News | Tech | Toronto Sun. Related Post Biggest-Ever Corporate Layoffs at IBM – To Cut more than 111,000 Jobs … Continue reading

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

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

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

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