An Arizona mining company announced Friday it will suspend shaft and drilling work at its Superior operation and eliminate about 400 jobs, saying the moves are the result of continued uncertainty around a proposed land exchange. Resolution Copper Mining officials said they will try to place affected workers in other jobs within the company. Some … Continue reading
Business practices are prone to fads, and in hindsight, the rush to offshore production 10 or 15 years ago looks a little extreme. The distance across the Pacific Ocean was as wide then as it is now, and the speed of cargo ships was just as slow. A lot of the very good reasons for … Continue reading
Bank of America (NYSE: BAC), the Charlotte based banking giant, plans to close its Fresno call center in August 2013. Jennifer Darwin, a corporate spokesperson with Charlotte, N.C.-based Bank of America, confirmed the closure, but declined to say how many workers would be affected. The layoffs at the call center will be upwards of 700 … Continue reading
King Yuan Electronics Co. Ltd., a Taiwan-based integrated circuit (IC) testing service provider, said yesterday its plan to build a new plant in an industrial park located in Tongluo Township, Miaoli County is expected to create about 1,000 jobs. King Yuan will invest NT$1 billion in the new production base, which is scheduled to break … Continue reading
Shipping industry officials issued a new study Friday saying nearly 20,000 jobs are at risk if something isn’t done to prevent barge traffic from grinding to a halt along the Mississippi River in December. Meanwhile, a group of lawmakers have joined the private sector in asking the Obama administration to take action. The study, which … Continue reading
The future of Europe’s biggest steel plant, in the southern Italian city of Taranto, had hung in the balance after magistrates ordered it to close over accusations that emissions from the site had caused an environmental “disaster”. A decree passed in cabinet on Friday removed court administrators who had been running parts of the plant, … Continue reading
Toyota Motor Corp (7203.T) said on Friday it is offering retirement incentives to about 2,000 U.S. workers, or 10 percent of its employees in the country, in an effort to manage attrition of its aging work force. About 1,600 workers at the Japanese automaker’s Georgetown, Kentucky plant, or about a quarter of the work force … Continue reading
Home improvement retailer Menard Inc. says it will hire workers from its home base in Wisconsin and fly them to North Dakota to staff a store in Minot, which is near the state’s booming oil patch and has more jobs than takers. The company said in a statement that it plans to hire 50 workers … Continue reading
The Royal Bank of Canada (RBC) plans to hire at least 700 new employees in its various activities in Quebec next year. -*- Forte de bons résultats malgré la morosité économique, la Banque Royale entend poursuivre ses investissements en personnel et en succursales au Québec afin, dit-elle, d’y renforcer ses parts de marché et d’améliorer … Continue reading
Barclays could ax as many as 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review aimed at fixing the bank’s culture in the wake of the financial crisis. The future shape and size of the investment bank is seen as the most critical part … Continue reading
Siemens AG (SIE) announced plans to eliminate an additional 4,700 jobs at its Osram lighting subsidiary to reap 1 billion euros ($1.3 billion) in cost savings as the market for traditional light bulbs shrinks. The job cuts, which are focused primarily outside Germany, come on top of 1,900 positions that Osram already reduced in fiscal … Continue reading
Texas Instruments yesterday began notifying employees about layoffs that were announced two weeks ago as the company exits the wireless mobile market, according to a letter the company sent to the Texas Workforce Commission. The Dallas-based chipmaker plans to cut 1,700 jobs, or about 5 percent of its workforce, over the next year. That includes … Continue reading
Laid off Ford workers in Windsor and St. Thomas have until Dec. 14 to decide whether to apply for close to 400 jobs that will be opening up early next year at the automaker’s operation in Oakville, Chris Taylor, president of CAW Local 200, said Thursday. As part of the a preferential hiring program, Ford … Continue reading
Insurance group Direct Line is to cut a further 236 jobs as part of efforts to save £100million in costs. It said the roles would be cut across divisions including its commercial underwriting operation and risk and compliance function. The latest jobs cull comes on top of redundancies already announced by the group this year, … Continue reading
Dutch food group Wessanen said on Thursday it would cut 300 jobs and reduce costs by 15 million euros ($19 million)from 2014 onwards as it restructures its European and frozen foods businesses. Source: via Dutch food group Wessanen cuts 300 jobs in Europe | Reuters.