Job Market Monitor
Job cuts
IBM / Planning layoffs in March
IBM plans to rebalance its workforce — corporate code for layoffs — in the first quarter, said Martin Schroeter, the company’s chief financial officer, during a conference call with analysts Tuesday. The announcement comes as the company deals with a deepening slump in its hardware division, which includes manufacturing operations in Dutchess County. Schroeter, who … Continue reading
Bombardier / Laying off 1,700 mostly around Montreal
Bombardier plans to lay off 1,700 workers from its aerospace division, mostly around Montreal. The layoffs represent 6 per cent of the Bombardier Aerospace work force. The move comes just days after Montreal-based Bombardier Aerospace announced another delay in its C Series all-new jet program. The manufacturer has also experienced delays in the launch of … Continue reading
Novartis / To shuffle and cut jobs
Swiss drugmaker Novartis plans to reorganise parts of its domestic workforce, cutting up to 500 jobs in its pharmaceutical division to free resources for new roles to support the product launches, the company said on Tuesday. The redeployment comes as new chairman Joerg Reinhardt casts a fresh eye over the company’s operations as part of … Continue reading
Intel / To cut 5% or 5 000 jobs
Intel Corp. INTC -2.60% , on the heels of reporting a lower-than-expected fourth-quarter profit, on Friday said it expects to reduce its workforce by about 5% this year. The big chip maker ended 2013 with 107,600 employees, indicating that the cuts could affect close to 5,400 workers. Intel on Thursday projected flat revenue for 2014, … Continue reading
J.C. Penney / To cut 2,000 jobs
J.C. Penney Co. (JCP) Chief Executive Officer Mike Ullman, intensifying efforts to revive the money-losing department-store chain, plans to close 33 stores and eliminate about 2,000 jobs to help save $65 million a year. The closings and cuts will result in pretax charges of $26 million in the fourth quarter and $17 million in future … Continue reading
Sears Canada / To cut 1,628 jobs
Sears Canada Inc. is cutting another 1,628 jobs after having reduced its work force last year by almost the same number as the retailer tries to bolster its struggling operations. The company said late Wednesday it will outsource jobs in three call centres to IBM, in a cost-cutting move that will affect 1,345 employees over … Continue reading
Alcatel-Lucent / Scales back job cuts in France under govn’t pressure
Franco-American telecom gear group Alcatel-Lucent will cut fewer jobs in France than previously planned under moves to slash 10,000 posts worldwide in an attempt to stem losses, its chief executive told Le Monde newspaper. The French share of the cuts will now amount to less than 700, down from 900 announced last year, Michel Combes … Continue reading
Dell / To layoff up to 30% of its sales and marketing staff in Europe, the Middle East and Africa and more
The Register is hearing from two sources that Dell is making 30 per cent of its sales and marketing staff in Europe, the Middle East and Africa redundant while cutting 20 per cent of its US-based sales staffers. One source said: “Precisely 30 per cent, across EMEA.” There is no word on what’s happening on the sales … Continue reading
German Catholic publishing house Weltbild-Verlag / Thousands of jobs at risk
Thousands of workers were facing job loss Friday as German Catholic publishing house Weltbild-Verlag said it would file for insolvency. “Against the company‘s expectations, it turned out yesterday that the necessary financing will not be available,” read a message from the Weltbild-Verlag on Friday. The insolvency means that the jobs of some of the publisher‘s … Continue reading
Macy’s / 2,500 jobs cuts
Macy’s said Wednesday it plans to lay off about 2,500 employees and close some stores as part of a cost reduction plan Continue reading
GM in Brazil / To layoff over 1,000
The Brazilian affiliate of U.S. automaker General Motors has confirmed the layoff of more than 1,000 employees from one of the multinational’s factories in Sao Jose dos Campos in Sao Paulo state, official sources said. The decision will affect 1,053 workers, a number that includes employees who had already joined the Voluntary Resignation Program, or … Continue reading
US / The Fastest Declining Jobs
Tree-fellers, shoemakers, and postal clerks, beware. More than 30% of these jobs may disappear over the next 10 years. A new release from the U.S. Bureau of Labor Statistics sheds light on which American occupations will shrink the most in the coming decade. The 30 fastest-declining jobs are ranked by projected percent decrease between 2012 … Continue reading
Sony / Layoffs to come
Financial woes continue to weigh on Sony as it looks to cut staff at production facilities, according to a Japanese report. The consumer electronics maker will offer early retirement packages for employees at Sony EMCS, a wholly owned production subsidiary, according to a Nikkei report on Tuesday. The subsidiary operates five production facilities in Japan … Continue reading
Revlon in China / To cut 1,100 jobs
Revlon Inc. (REV), the maker of cosmetics under its namesake and Almay brands, will cease operations in China and eliminate about 1,100 positions, including 940 beauty advisers, as it restructures its struggling business. Chosen excerpts by Job Market Monitor. Read the whole story at via Revlon to Exit Operations in China, Cut 1,100 Jobs – Bloomberg.
Hewlett-Packard (HP) / Layoffs up by 5,000 to 34,000
Hewlett-Packard Co. ( HPQ ) said it will increase by 5,000 the number of expected layoffs under a restructuring plan adopted in May 2012, bringing the number of job cuts to 34,000, the company said in a regulatory filing. The company, in a filing Monday with the Securities and Exchange Commission, cited “continued market and … Continue reading
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