Job Market Monitor
Job cuts
Austerity in US / Public sector employment has fallen by over 600,000 during the ‘recovery’
As Ben Bernanke put it, “people don’t appreciate how tight fiscal policy has been” Continue reading
General Motors (GM) / To cut jobs in south korea
Automaker General Motors Co. (GM: Quote) plans to cut jobs at its South Korean operations in the first quarter of next year ahead of the withdrawal of its Chevrolet brand in Europe, media reported Tuesday. GM Korea reportedly will implement a voluntary retirement scheme for about 6,000 office workers by the end of March, event … Continue reading
Barbados / To cut 3,000 public sector job
On Friday [Dec 13] Barbados Finance Minister Chris Sinckler announced cost-saving measures that could result in approximately 3,000 public sector employees on the island losing their jobs. Speaking in the Barbados Parliament, Mr Sinckler said they propose that the process be spread over the period January to March 2014, starting with the first 2,000 job … Continue reading
Sharp factory in Wales / 615 jobs to go
Wrexham MP Ian Lucas said the loss of an expected 615 jobs at the Sharp factory on the Llay Industrial Estate announced today is a hammer blow to the town. “May I say how sorry I am for those who are losing their jobs in the run up to Christmas and I will work with … Continue reading
Novartis (Ciba Vision) / To cut 300 jobs with closure in Mississauga
Novartis AG will close its Ciba Vision plant in Mississauga, Ont., next year, laying off 300 workers, another in a growing list of factory shutdowns in the province. The plant, which has been making contact-lens solution for about three decades, will start winding down in May with the full closing slated for the end of … Continue reading
EADS in France / ‘Layoffs unacceptable’ labor minister Michel Sapin says
French labor minister Michel Sapin Tuesday said European Aeronautic Defence & Space Co. (EAD.FR) shouldn’t cut its overall staffing level in France after the company announced plans Monday to cut 5,800 jobs through 2016 in Europe in its military and space units. “France finds it unacceptable that a business like EADS cuts jobs overall while … Continue reading
Kellogg’s / 500 Layoffs in London, Ont.
The Kellogg’s plant in London, Ont., will close by the end of 2014, resulting in the loss of more than 500 full-time jobs. The employees were told the news Tuesday during a staff meeting. “As with any project of this scope and one that impacts people, these are difficult decisions,” John Bryant, president and chief … Continue reading
(update) European aerospace company (EADS) / To cut up to 6,000 jobs
European aerospace company EADS plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring programme it will detail later on Monday, Le Figaro newspaper reported. Two industry sources told Reuters last month that the restructuring would cost thousands of jobs but fewer than the 8,000 reported by … Continue reading
NII Holdings Inc (Nextel) / To cut 1,400 jobs
NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would cut more than 1,400 jobs in its market operations and over 25 percent of its workforce at its Virginia headquarters. The company said it expected to incur employee severance costs of $25 million to $35 million, most of … Continue reading
Bank of Montreal (BMO) / To cut 1,000 jobs
Canada-based Bank of Montreal (BMO) has eliminated nearly 1,000 jobs during the fourth quarter of current fiscal, as part of its strategy to trim down operational cost and boost efficiency. BMO chief operating officer Frank Techar was quoted by The Canadian Press as saying, “We did see a big reduction in the head count.” “For … Continue reading
Unilever / To cut 840 marketing jobs
Unilever is planning to cut the number of marketers it employs by 12 per cent globally, about 840 jobs, as part of a company-wide efficiency drive aimed at slashing costs across the business. FMCG giant outlines plans to make division marketing “simpler, leaner, more agile”. Presenting at the FMCG giant’s investor day in London yesterday … Continue reading
AOL / 20 layoffs
Layoffs hit AOL yesterday, Capital has learned. The majority of impacted employees worked on the editorial side of the AOL.com homepage, according to sources with knowledge of the cuts, who put the total number of pink slips around 20. The culling, one of numerous that have hit different areas of the web portal in recent … Continue reading
Qantas / To slash 1,000 jobs
Lower demand, a strong Australian dollar and steep fuel costs have put pressure on the airline and Qantas said conditions were expected to remain volatile next year. The airline expects to post pre-tax losses of between 250 million (£138m) and 300 million dollars (£165.5m) for the six months to December 31. Qantas is trying to … Continue reading
Sun Media / 200 new layoffs
In the third round of layoffs in the past 13 months, Sun Media Corp. is eliminating 200 positions across the newspaper chain. About a quarter of the jobs will be cut from editorial, in what the corporation called a “response to the impact of digital.” As readers turn to digital media, newspapers have had difficulty … Continue reading
Hewlett-Packard in UK / To cut 1,124 jobs says union
U.S. IT group Hewlett-Packard Co is set to cut 1,124 jobs in Britain at the start of next year, the Unite union said on Wednesday. Unite said it had attended a meeting where managers were outlining their plans to cut jobs at the group’s sites in Bracknell, Sheffield and Warrington in the first three months … Continue reading
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