Job cuts

This tag is associated with 948 posts

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

Job Cuts in Oil and Gas – More than 250,000 around the world

The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come, according to industry consultant Graves & Co. “I was surprised it’s gotten this far,” John Graves, whose Houston firm assists in oil and gas deals with audits and due diligence, said … Continue reading

Canada – Losing high-paying jobs for first time since recession

Canada has been losing high-paying jobs for the first time since the recession. David Madani of Capital Economics crunched the latest Statistics Canada numbers and found that “employment and income trends have worsened,” with a slowdown in the rise of lower-paying jobs and an outright loss of higher-income positions largely because of the oil shock. … Continue reading

Finning International – To cut 1,100 jobs due to weak Caterpillar sales

Canada’s Finning International Inc, the world’s biggest dealer of Caterpillar Inc equipment, said it would cut 1,100 jobs in Canada and South America due to weak sales. Source: Canada’s Finning to cut 1,100 jobs due to weak Caterpillar sales | Business | Reuters

Monsanto – Slashing 2,600 jobs

Monsanto Co, one of the world’s largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. Chosen excerpts by Job Market Monitor. Read the whole story at Monsanto slashing 2,600 jobs, buying back shares as sales fall | Reuters

Caterpillar – To cut up to 5,000 jobs by end of 2016

Shares of heavy-equipment maker Caterpillar (CAT) are down sharply after the company said today it is cutting its sales outlook for the year and will slash as many as 5,000 jobs between now and the end of 2016 in a cost-cutting move amid tough conditions in its energy, mining and construction businesses. Caterpillar also warned that total layoffs could … 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

Microsoft confirms Finnish phone site closure and job cuts | Reuters

Microsoft Corp (MSFT.O) on Friday confirmed it will close Nokia Oyj’s (NOKIA.HE) former handset product development unit in Salo, Finland, and will cut a total of up to 2,300 jobs in the Nordic country. The cuts, initially announced in July, are part of Microsoft’s plan to cut 7,800 jobs globally, most from the phone hardware … 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

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter




Get every new post delivered to your Inbox.

Join 2,560 other followers