Job Market Monitor
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Entergy / 800 Jobs Cut
Entergy Corp. said Tuesday that it plans to cut 800 jobs companywide, including about 165 in Arkansas Continue reading
Apple / Foxconn Hiring 90,000 Workers
The Taipei Times is reporting that Hon Hai, known as Foxconn in America, is recruiting 90,000 Chinese workers for its Shenzhen, China production complex in order to meet demand by Apple Continue reading
Valeant Pharma ( Bausch & Lomb ) / To cut 10-15 percent jobs
Canada’s Valeant Pharmaceuticals International Inc (VRX.TO: Quote) (VRX.N: Quote), which has offered to buy Bausch & Lomb Holdings for $8.7 billion, said it may slash 10 to 15 percent of the combined company’s workforce. Valeant, which expects to get regulatory nod by early August, said severance plans for the United States and Canada have been … Continue reading
UK / Bentley to create 1,000 jobs
More than 1,000 jobs are to be created in the UK to keep up with the development of luxury car firm Bentley’s new model. The automaker announced its fourth SUV model is to be built at its plant in Crewe with an investment of £800 million. The car will go on sale to motorists and … Continue reading
General Electric / To cut 600 jobs in France
General Electric is to cut 600 jobs in France, mostly at its finance arm, a union official said on Friday, as it seeks to cut back on the division’s activities in the wake of the banking crisis Continue reading
Wall Street / Biggest Job Cuts Yet to Come ?
Wall Street firms must cut more jobs to boost their return on equity and satisfy shareholders, said Meredith Whitney, a banking analyst and founder of Meredith Whitney Advisory Group LLC Continue reading
BlackBerry / 250 layoffs in product testing
BlackBerry Ltd. – A total of 250 employees at the company’s New Product Testing Facility in Waterloo were given notice earlier this week Continue reading
Canada / Sun Media continues death by 1,000 cuts says CWA
Death by a thousand cuts continues apace at Sun Media, which today announced it is shuttering 11 titles and axing 360 jobs says CWA Continue reading
Lonely Planet / Laying off several dozen top editors and publishing staff
Lonely Planet announced last week that it is laying off several dozen top editors and publishing staff Continue reading
US Mining / Drummond to lay off 425 mine workers
(Chosen excerpts by Job Market Monitor) – Up to 425 miners for the Drummond Co. in US , Jefferson and Walker counties will be laid off starting Sept. 9, according to media reports. The reports cite a notification that the Birmingham company is required to file with the state. Drummond said in a letter sent Monday to … Continue reading
BlackBerry / Planning to cut a large share of jobs
Research In Motion is planning to cut a large share of jobs — mostly middle management — on top of the 5,000 employees it laid off last fiscal year. Continue reading
Hungary / Panasonic closes plant, 550 jobs cut
Japanese electronics giant Panasonic said Friday it will close its only European solar cell plant in Hungary, resulting in the loss of 550 jobs. The assembly factory will end production in September before its official closure in March, a Panasonic spokeswoman in Tokyo said. But the firm will maintain its overall global solar cell production … Continue reading
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people Continue reading
Austria / Nearly 3,500 jobs at risk at drug store chain Dayli
Austrian drug store chain Dayli filed for court-supervised restructuring on Thursday saying nearly 3,500 jobs were at risk Continue reading
SMA Solar Technology AG / To layoff 800
SMA Solar Technology AG (SMA) announced a gradual downsizing of 700 full-time positions in Germany Continue reading
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