Job Market Monitor
Job cuts
Achmea / The biggest dutch insurer to cut 4,000 jobs over three years
The mutual insurer, which offers health care, property and casualty, pensions and life insurance, expects to cut 4,000 jobs of 19,000 employees in the Netherlands and other countries, the Zeist-based company said in a statement today. Compulsory job losses can’t be ruled out, it said. The cuts are in addition to a program announced in … Continue reading
Potash Corp. / To Cut Over 1,000 Jobs
Potash Corp. of Saskatchewan Inc. (POT) said Tuesday it will cut about 18% of its workforce, or more than 1,000 jobs, as it continues to grapple with slumping demand for potash and phosphate, two key fertilizer ingredients Continue reading
Forest Labs / To cut jobs to save $110 million
Forest Laboratories says it plans to cut jobs as part of a plan to trim $500 million in costs over the next two years, and will buy back at least $400 million in company stock to boost shareholder returns Continue reading
Deutsche Telekom / To cut up to 6,000 jobs
Deutsche Telekom plans to cut up to 6,000 jobs at its IT services business T-Systems, Handelsblatt newspaper reported on Monday, citing company sources Continue reading
Australia / Rio Tinto suspends Gove production and cut 1 500 jobs
Mining giant Rio Tinto has suspended production at its Gove alumina refinery, in the Northern Territory, as the operation is no longer viable in a low price, high exchange rate environment. Instead, the diversified mining group would shift its focus in the region to its bauxite operations. “This is a very sad day for everyone … Continue reading
UniCredit Bank Austria / To cut up to 850 jobs
UniCredit Bank Austria will cut up to 850 jobs in Austria as part of a plan to slash 130 million euros ($176 million) in administrative costs, it said on Thursday, blaming rising state burdens in a saturated market. Austria\’s bank levy delivers a 97 million euro annual hit and additional costs from new regulatory requirements … Continue reading
UK / Npower to cut 1,400 jobs
Energy giant Npower is to cut 1,400 jobs as part of a major restructuring of its UK operations Continue reading
Post Office in UK / ‘Modernisation’ means 4,000 postmasters face compulsory redundancy says union
Responding to the government statement on funding for Post Office modernisation today (Wednesday) the Communication Workers Union explains that the reality behind the spin is that up to 4,000 postmasters will face compulsory redundancy as a result of being forced to take a cut in pay and conditions or lose their jobs. The Network Transformation … Continue reading
Sears Canada / Laying off close to 800 workers
Sears Canada Inc. is laying off close to 800 employees as it reorganizes its repair services and parts business and makes cuts at head office Continue reading
Pixar / To layoff less than 5% due to ‘The Good Dinosaur’ delay – latimes.com
Pixar Animation Studios has laid off an undisclosed number of people at its Emeryville, Calif., headquarters due to the delay of its forthcoming film “The Good Dinosaur.” The layoffs affect less than 5% of the company’s 1,200-person workforce, according to a source close to the studio. In September, “The Good Dinosaur” was pushed back from … Continue reading
Tribune / To cut 700 jobs across the Chicago Tribune, Los Angeles Times and six other daily newspapers
Tribune Co. announced a restructuring of its publishing business Wednesday to focus on its digital efforts and streamline operations, resulting in nearly 700 job losses across the Chicago Tribune, Los Angeles Times and six other daily newspapers Continue reading
EADS / To cut up to 8,000 jobs at Airbus Defence & Space
European aeronautics group EADS is planning to cut up to 20 percent of the roughly 40,000-strong workforce at its newly created Airbus Defence & Space division, German news agency dpa reported on Wednesday, citing “informed sources”. A company spokesman declined to comment and said there would be more details announced on Dec. 9, when EADS … Continue reading
Alitalia / To cut up to 2,600 staff ?
Alitalia may cut up to 2,600 jobs in its first mass lay-offs since the airline was privatized say union sources Continue reading
Australia / Tax Office to shed 900 jobs
The Australian Taxation Office will cut 900 jobs in the next seven months, staff were told late on Wednesday The Tax Office’s 25,000 workers across Australia were informed by email to expect redundancies as efficiency dividends by the previous Labor government and mandated by the Coalition began to bite. The move paves the way for … Continue reading
Eletrobras / To cut 5,000 jobs in three-year
Brazilian state-run electricity utility Eletrobras expects to save 1 billion reais ($441 million) a year as a result of its employee buyout program, Chief Financial Officer Armando Casado de Araujo said on Monday. The program will cost the company about 1.5 billion reais in severance costs, Araujo said in a conference call with analysts to … Continue reading
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