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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

HTC – To cut 2,300 jobs

Struggling HTC is cutting 15% of its work force in an attempt to cut costs and revive its ailing smartphone business.  The Taiwanese company announced the layoffs on Thursday, after its second quarter earnings took a dive, for a $257 million loss.   HTC declined to mention the exact number of layoffs. But as of … Continue reading

Lenovo – 3,200 jobs cut

China’s Lenovo Group, the world’s biggest personal computer maker will lay off about 3,200 workers after profits more than halved in the second quarter of 2015, the company announced on Thursday, becoming the first Chinese firm to slash jobs. The job cut, which will be conducted in the company’s non-manufacturing work force, accounts for about … Continue reading

Centrica (owner of British Gas) – To cut 6,000 jobs

The owner of British Gas has announced 6,000 job cuts over the next five years following a far-reaching strategic review, despite making £1 billion in profits. The results of the six-month review come as Centrica recorded a 44 per cent rise in profits at British Gas to £565 million. Chosen excerpts by Job Market Monitor. Read … Continue reading

Royal Dutch Shell – To cut 6,500 jobs

Royal Dutch Shell said on Thursday that its profit fell sharply in the second quarter as a strong performance in marketing and refining failed to offset the brunt of lower oil and gas prices. The oil giant also said it would cut its capital investment and eliminate 6,500 jobs as the drop in oil and … Continue reading

Vodafone Spain – To cut up to 1,300 jobs

The Spanish business of London-listed telecoms group Vodafone said on Tuesday it will cut up to 1,300 jobs as it trims its workforce following last year’s acquisition of the county’s largest cable operator Ono. Negotiations with employee representatives over the cuts will start on September 1, it said in a statement. Chosen excerpts by Job … Continue reading

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