Job Market Monitor
Business
Lanxess / Cuts 1,000 jobs
Thermoplastic and rubber materials producer Lanxess has announced a major restructuring which will lead to 1,000 jobs being cut at its worldwide operations by the end of 2015 Continue reading
Citigroup (CitiMortgage ) / Cutting 1,000 jobs in Nevada and Texas
Citigroup Inc. says it is slashing about 1,000 jobs in Nevada and Texas, citing decreased demand for home loans and mortgage refinancing Continue reading
RWE / Would cut 3,400 jobs
Germany’s biggest power producer is looking to rationalise the workforce at its power unit and may shed as many as 3,400 employees Continue reading
Target / Hiring fewer temp holiday workers
Target Corp. plans to hire about 70,000 seasonal workers for the holiday shopping season, down about 20 percent from a year ago Continue reading
Europe / Chinese telecommmunications equipment maker Huawei plans to create 5,500 jobs
Chinese telecommmunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in the region, state-owned newspaper China Daily said on Saturday. Huawei, the world’s second largest maker of telecoms communication equipment, is to offer information technology solutions to European businesses, Patrick Zhang, president of marketing … Continue reading
Employees don’t leave companies, they leave managers
What employees are saying is that they want their managers to open up with them and better explain responsibilities and expectations Continue reading
Cleveland Clinic / 3,000 jobs cut ?
Layoffs part of a multi-year plan to cut $330 million from the Clinic’s budget. Continue reading
(Update) RIM – Blackberry / To lay off 4,500 employees
BlackBerry could lay off as many as 5,000 employees in the coming months in an effort to return the smartphone maker to profitability, according to a media report Continue reading
France / A €3.5 billion plan for ‘third industrial revolution’ to create 470,000 jobs
French President François Hollande hopes to create 470,000 jobs by injecting €3.5 billion in 34 key industrial sectors, but he will need Europe’s help. Continue reading
STX Finland / 700 jobs cut
Ship builder STX Finland says it will shut down the yard where some of the world’s largest cruise liners were built Continue reading
Air France / New massive job cuts to come
The French airline Air France is putting together a new personnel-reorganization plan that includes the elimination of around 3,000 additional jobs throughout the company. The exact number of jobs to be cut will be announced in early October Continue reading
Canada / 46% of students plan starting a business after graduation
According to the BMO, almost half of Canadian post-secondary students surveyed — 46 per cent — said they see themselves starting a business after graduation. Continue reading
International Paper Courtland / Closure will cost 1,100 jobs
Lawrence County’s largest employer, International Paper announced this morning (Wednesday) that it plans to permanently close its Courtland paper mill. The plant is Lawrence County’s largest employer. Here is what International Paper in Memphis had to say about the decision: ”International Paper (NYSE: IP) today announced plans to permanently close its Courtland, Ala. Mill, a … Continue reading
HP / Layoffs More Dramatic Than Thought
The ax has been falling at HP faster than anticipated. In May 2012, the company said it would cut 27,000 positions globally, 9,000 of them in the U.S. By that September, it revised that number upward to 29,000. Originally, HP said the layoffs would occur over two years as part of a “multi-year productivity initiative” … Continue reading
Furniture Brands / To lay off 1,451 workers in Mississippi
Furniture Brands International Inc., which filed for Chapter 11 bankruptcy Monday, plans to lay off 1,451 workers in Mississippi, nearly one-fourth of its U.S. workforce. The layoffs will come from the St. Louis-based company’s Lane Furniture division, which has manufacturing plants in Belden and Siltillo and distribution centers in Verona and Wren, according to the … Continue reading
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