Job Market Monitor
Business
Wells Fargo / To cut 2,300 mortgage jobs
Wells Fargo is cutting thousands of jobs in its mortgage business as the biggest home lender in the US prepares for a further drop in demand for new mortgages, writes Tracy Alloway. The San-Francisco-based bank, also the largest in the US by market value, plans to trim 2,300 positions in its mortgage production unit, a … Continue reading
Florida Power & Light / To cut 1,000 positions
Florida Power & Light and its sister company, Nextera Energy Resources, plan to eliminate about 1,000 positions nationwide over the next two years. The utility announced the cuts Wednesday. It includes 6.7 percent of the companies’ combined workforce. An FPL spokesman said only about 160 workers will lose their jobs. The remaining cuts will come … Continue reading
UK and Ireland / Threat To 250 Jobs At Heinz
Food giant Heinz has warned that almost 250 jobs could be cut in the UK and Ireland Continue reading
Spain / Nationalized bank plans 2,453 layoffs
Nationalised Spanish lender Catalunya Banc plans to lay off 2,453 workers, nearly a third of its workforce, under a eurozone bailout deal for Spain’s banks, a union source said on Tuesday Continue reading
Sears Canada / Cutting 245 jobs with Offshoring IT
Sears Canada (TSX:SCC) is cutting 245 jobs, mostly at its head office in Toronto, and moving some of the work overseas Continue reading
BlackBerry in Waterloo / Slashes another 100 jobs on top of 250
Another 100 people have been laid off in Waterloo by mobile phone maker BlackBerry, the company says Continue reading
Circus Circus / Hiring for 400 Fright Dome positions
The annual haunted house is looking for 400 people to serve up the screams. Continue reading
Mekon River / Xayaboury dam creates 5,600 construction
So far, the US$3.5 billion project has employed more than 7,000 people, up to 80 percent of whom are Lao nationals. Continue reading
Sharp / To cut 11,000 jobs
Kyodo news has reportedly obtained Sharp’s restructuring plan, revealing plans to cut approximately 11,000 jobs worldwide Continue reading
Philips / to cut an extra 2,200 jobs
Philips Electronics announced today that it plans saving measures that will impact approximately 2,200 positions globally. Continue reading
India / Educomp cuts 3,500 jobs
Education solutions provider Educomp Solutions on Friday said it has cut 3,500 jobs in the last three months and has also initiated measures to spur growth Continue reading
Anglo Platinum / Job-reduction target cut by 31%
Lowering the headcount to 4,138 at most, less than a target of 6,000 jobs. Continue reading
US / Cloud computing projected to add 671,300 jobs by 2020
Cloud computing jobs are multiplying, new data shows, prompting debate over whether the new positions are taking the place of other work or becoming a net positive to employment in general Continue reading
Rio Tinto in Mongolia / 2000 jobs lost
Job losses from the mining sector continue to flow with a major Rio Tinto (ASX: RIO) contractor axing some 2,000 employees at the mining giant’s Oyu Tolgoi gold and copper project in Mongolia Continue reading
Salzgitter / To Cut 1,500 Jobs
Germany’s Salzgitter AG (SZG.XE) said Wednesday it will cut more than 1,500 jobs in response to the crisis in Europe’s steel industry, which prompted a profit warning from the company last week Continue reading
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