Job Market Monitor
Job cuts
Outsourcing at Delta / To lay off 741 in Detroit
Atlanta-based Delta Air Lines Inc will job out maintenance and service worker jobs at Detroit Metropolitan Wayne County Airport with layoff notices coming in April, reports The Detroit News. The job cuts affect 741 workers, but just how many will remain out of work is unclear, the paper said. Chosen excerpts by Job Market Monitor. Read … Continue reading
IBM / to cut 15,000 jobs, starting in India
Technology giant IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region. “The estimate of jobs cut globally is 15,000,” international coordinator at the Alliance@IBM (official IBM employees union) Lee Conrad told PTI. Though the exact number of job cuts in … Continue reading
Coal Miner in US / Jobs are vanishing
Coal mine employment in the U.S. has dropped nearly 20% in the past two years as the industry comes under intense competition from natural gas, according to data from SNL energy. From a recent high of about 94,000 in Q4 2011, mining jobs have fallen to about 77,000. Last year, natural gas matched coal in … Continue reading
Barclays / 12,000 confirmed job cuts this year
British bank Barclays said Tuesday it planned to axe between 10,000 and 12,000 jobs this year, including 7,000 in Britain. The bank, which now employs 140,000 people worldwide, described the job cut as an effort made to lower costs. The cuts will involve 820 management persons, including 220 senior ones. The Barclays chief executive Antony … Continue reading
HP cuts in UK / Over 700
HP is to axe the jobs of hundreds of UK staff before May. National officer for IT and communications for trade union Unite, Ian Tonks, told The Channel Register that 782 UK staff were to be made redundant before the end of HP’s Q2 2014, which finishes on April 30th. Another 7,100 jobs are due … Continue reading
US federal workforce / The three episodes of cuts
There have been three modern episodes in which federal employees have been cut during a presidential administration: the post-World War II demobilization under president Harry S Truman (1945-53); the Cold War peace dividend and budget cuts under president Clinton (1992-2000); and now Obama, who has downsized the federal government during the recession. Here’s a comparison: via … Continue reading
Toyota to Close in Australia / Around 2,500 will lose their jobs
Toyota has made the “heart-breaking” announcement that it will stop making cars in Australia in 2017, bringing an end to the nation’s car manufacturing sector. Around 2,500 Toyota workers will lose their jobs, while the loss of the wider automotive industry will put tens of thousands more jobs at risk. Chosen excerpts by Job Market … Continue reading
Volvo / To increase its job cuts to 4,400
World No.2 truck maker Volvo will increase its job cuts to 4,400, more than double its original plan, after currency effects and the cost of launching new models muted a rise in quarterly earnings. But Sweden’s biggest private sector employer also unveiled a stronger-than-expected order intake in the fourth quarter on growth in North America, … Continue reading
Bristol-Myers in France / Threatening to cut jobs at its two Agen factories
Bristol-Myers Squibb, BMY -0.76% the New York-based drug maker, is threatening to cut jobs at its two Agen factories, where a range of paracetamol painkillers are made, after the French government unveiled plans to push for wider use of cheaper generic versions. The government may announce its final decision as early as Thursday, according to … Continue reading
Disney / Hundreds of layoffs in gaming unit
Walt Disney Co is preparing to lay off several hundred people in its interactive unit, the division that includes gaming products and the Disney.com website, The Wall Street Journal reported on Monday. The layoffs are expected to begin after Disney releases its quarterly earnings on Wednesday, the Journal said. Chosen excerpts by Job Market Monitor. Read … Continue reading
KPN / To cut another 2,000 jobs
Dutch telecoms group KPN will cut up to a further 2,000 jobs after frugal consumers and stiff competition drove down quarterly revenues in its mobile division, causing profits to miss expectations. Chosen excerpts by Job Market Monitor. Read the whole story at UPDATE 2-KPN to cut more jobs as mobile revenue slides | Reuters. Related articles Europe … Continue reading
Dell / 15,000 layoffs to begin this week
Dell’s expected layoff programme is expected to begin this week, and over 15,000 people may lose their jobs worldwide. Insiders speaking to the Register say that the PC giant’s restructuring operation has resulted in cuts in every department, “some of these have already been downsized and are now being told to cut 15 per cent … Continue reading
Amplats / To cut 1,400 jobs
Anglo American Platinum (LON:AAL), the world\’s largest platinum producer, warned Monday the current strike at its South African operations could force the company to cut 1,200 to 1,400 jobs this year. The miner said the planned layoffs would follow last year’s lost of 7,438 jobs, when merged five mines at its Rustenburg complex into three. … Continue reading
Novartis / To cut or transfer up to 4,000 jobs
Novartis has confimred that pharma jobs will be reallocated in 2014 in a continuation of the productivity drive that saved the firm $2.8bn (EUR2bn) last year. Swiss newspaper NZZ am Sonntag reported that Novartis was looking to cut or transfer up to 4,000 jobs – approximately 6% of its global workforce – earlier this week. … Continue reading
Leucadia / To cut 1,300 California Jobs
Leucadia National Corp. (LUK:US), the investment firm run by Richard Handler, plans to shut a beef-processing facility with 1,300 workers, citing poor performance. The closure in Brawley, California, will result in an impairment of a “substantial portion” of the $93 million in long-lived assets at the plant as of Sept. 30, the company said today … Continue reading
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