Layoffs

This tag is associated with 1103 posts

BBC – To cut hundreds of jobs

Hundreds of jobs are expected to be axed by the BBC as it tries to become “leaner and simpler” at a time when it is facing a £150m-a-year shortfall in funding and growing political pressure from the Conservative government. Tony Hall, the director general, is expected to warn on Thursday that a drop in the … Continue reading

Microsoft – To cut 1200 jobs

Microsoft Corp (MSFT.O) said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft will focus on its growing search advertising business based on its Bing search engine, and displaying … Continue reading

MAN SE (Volkswagen) – To cut 1,800 jobs

Germany’s MAN SE plans to cut around 1,800 jobs at its main trucks division as the Volkswagen-owned (VOWG_p.DE) company slims operations to lower costs and revive profit, two people familiar with the situation said on Wednesday. The job cuts will affect 1,400 white-collar employees and 400 staff in production, the people said. MAN Truck & … Continue reading

Ericsson – 2,200 jobs cut

Swedish vendor eliminates 2,100 positions; 1,700 staff set to leave the company. Ericsson on Wednesday revealed that it has begun giving notice to staff facing redundancy as part of its 9 billion-kronor (€987 million) cost-cutting programme. In the past few weeks approximately 2,100 positions have been eliminated at the vendor’s Swedish R&D and supply operations. … Continue reading

National Oilwell Varco – To cut 1,500 jobs

Houston-based oil equipment maker National Oilwell Varco’s Norwegian arm said Wednesday it is shedding 1,500 jobs, or about a third of its staff here, as sales drop on lower oil prices and industrywide spending cuts, a day after Norway’s dominant oil company Statoil ASA announced a similar-sized job cut. National Oilwell Varco Norway said it … Continue reading

UK’s North Sea – Job losses raise skills and safety concerns

Cost-cutting in Britain’s North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips … Continue reading

Gap – To cut 250 jobs at headquarters

Apparel retailer Gap Inc said it would close 175 Gap stores in North America, including 140 this year, and cut about 250 jobs at its headquarters. The company has been struggling with a persistent slump in sales at its namesake brand. Chosen excerpts by Job Market Monitor. Read the whole story at REFILE-Gap to close 175 stores, … Continue reading

Statoil Cutting up to 1,500 Permanent Jobs – WSJ

Norway’s Statoil launched the next phase of its efficiency program on Tuesday, announcing it would cut between 1,100 and 1,500 permanent employees by the end of 2016 as it looks to increase efficiency and strengthen competitiveness.    The oil and gas major said a further 525 consultant positions will also be cut, while additional changes … Continue reading

HSBC – To cut 50,000 jobs

HSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief Executive Stuart Gulliver has made it his mission to boost profits since taking the helm of Europe’s … Continue reading

Rolls-Royce – to cut 600 jobs in marine unit

British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a “broadly neutral” impact on 2015 profits.  Rolls-Royce is in the middle of a cost-saving plan in its aero-engines business and headquarters, axing 2,600 jobs, and … Continue reading

Bombardier – 1,750 job cuts, 1,000 in Montreal and another 480 in Toronto

Bombardier Business Aircraft has announced it is cutting 1,750 jobs, including 1,000 in Montreal and another 480 in Toronto. The Montreal-based company said that current economic conditions and political turmoil in Russia, China, and Latin America have impacted the entire industry and has meant the company has had to reduce its production of its Global … Continue reading

Areva – To cut between 5,000 and 6,000 jobs, between 3,000 and 4,000 in France

Beleaguered French nuclear engineering firm Areva SA plans to reduce its global payroll by between 5,000 and 6,000 jobs as part of a cost-cutting effort after years of losses.  The largely government-owned company has opened talks with labor unions to find ways to cut its payroll through voluntary departures, Areva’s head of human resources François … Continue reading

Siemens – To cut 4,500 jobs

Siemens reported Thursday it would need to cut a further 4,500 jobs as part of its global restructuring effort, with a view to making the company more competitive and profitable. It said 2,200 jobs would have to be slashed in Germany.  Siemens noted on its website this morning that the move was primarily aimed at … Continue reading

Dow Chemical – To cut up to 1,750 jobs

Dow Chemical Co.  said Monday it would cut between 1,500 and 1,750 jobs, or about 3% of the global workforce, as part of a restructuring aimed at cutting costs by $300 million a year. Chosen excerpts by Job Market Monitor. Read the whole story at  Dow Chemical to cut up to 1,750 jobs as part of cost-cutting … Continue reading

GM at Oshawa – To cut 1,000 jobs

General Motors expects to cut around 1,000 jobs at its Oshawa manufacturing plant by this November, the automaker said Thursday.  The union representing the workers said it has been bracing for the cuts since 2012, when GM first announced it will move Chevrolet Camaro production from Oshawa to Michigan. But a heads-up doesn’t make bad … Continue reading

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