Job Market Monitor
Job cuts
UK and Ireland / Threat To 250 Jobs At Heinz
Food giant Heinz has warned that almost 250 jobs could be cut in the UK and Ireland Continue reading
Spain / Nationalized bank plans 2,453 layoffs
Nationalised Spanish lender Catalunya Banc plans to lay off 2,453 workers, nearly a third of its workforce, under a eurozone bailout deal for Spain’s banks, a union source said on Tuesday Continue reading
Sears Canada / Cutting 245 jobs with Offshoring IT
Sears Canada (TSX:SCC) is cutting 245 jobs, mostly at its head office in Toronto, and moving some of the work overseas Continue reading
Sharp / To cut 11,000 jobs
Kyodo news has reportedly obtained Sharp’s restructuring plan, revealing plans to cut approximately 11,000 jobs worldwide Continue reading
Philips / to cut an extra 2,200 jobs
Philips Electronics announced today that it plans saving measures that will impact approximately 2,200 positions globally. Continue reading
Canada / Verizon’s Arrival Will Cost Thousands of Jobs says Ken Georgetti, President of the Canadian Labour Congress
The federal government’s decision to pave the way for the multinational giant Verizon to enter Canada’s telecommunications market will cost thousands of jobs and will not benefit consumers in the long run, says Ken Georgetti, President of the Canadian Labour Congress Continue reading
India / Educomp cuts 3,500 jobs
Education solutions provider Educomp Solutions on Friday said it has cut 3,500 jobs in the last three months and has also initiated measures to spur growth Continue reading
Anglo Platinum / Job-reduction target cut by 31%
Lowering the headcount to 4,138 at most, less than a target of 6,000 jobs. Continue reading
Rio Tinto in Mongolia / 2000 jobs lost
Job losses from the mining sector continue to flow with a major Rio Tinto (ASX: RIO) contractor axing some 2,000 employees at the mining giant’s Oyu Tolgoi gold and copper project in Mongolia Continue reading
Salzgitter / To Cut 1,500 Jobs
Germany’s Salzgitter AG (SZG.XE) said Wednesday it will cut more than 1,500 jobs in response to the crisis in Europe’s steel industry, which prompted a profit warning from the company last week Continue reading
Cisco / To Cut 4,000 Jobs
Cisco Systems just said it plans to eliminate about 4,000 jobs starting next quarter Continue reading
South Africa’s Sibanye / To cut another 2 000 jobs
Dual-listed Sibanye Gold was set to shed a further 1 500 to 2 000 jobs through “rightsizing” the organization Continue reading
(Update) Heinz / Layoffs in Canada and US
Food company H.J. Heinz Co. is eliminating 600 jobs across the U.S. and in Canada, including 350 in Pittsburgh, nearly a third of its operation there, it said Tuesday Continue reading
Nigeria / 25,000 Jobs Lost in Vegetable Oil Industry
Vegetable oil and related products industry in Nigeria are nearing total collapse as no fewer than 25, 000 out of the 30,000 jobs in the sector Continue reading
Micron / To cut 1,500 workers
Micron Technology, Inc. has announced plans to cut about 5 percent of its global workforce on the heels of a major corporate purchase. Company officials say the cuts are designed to optimize its workforce and are not directly related to its buyout of the Japanese firm Elpida. However, Dave Petso with Petso Financial Consultants in … Continue reading
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