Job Market Monitor
Job cuts
London’s railways and Tube / 6,000 jobs could go
Concerns have been raised that 6,000 jobs on London’s railways and Tube could be at risk under “secret plans” being drawn up by Transport for London Continue reading
JPMorgan Chase / To Lay Off 730 In San Diego and 475 In North Texas
JPMorgan Chase said Thursday it plans to lay off 730 San Diego workers from its loan-servicing business and 475 mortgage-related employees in North Texas Continue reading
US / NSA to to eliminate about 90 pc of its system administrators
The U.S. National Security Agency, hit by disclosures of classified data by former contractor Edward Snowden, said Thursday it intends to eliminate about 90 percent of its system administrators to reduce the number of people with access to secret information. Keith Alexander, the director of the NSA, the U.S. spy agency charged with monitoring foreign … Continue reading
Nokia / To slash 8500 jobs
The troubled Finnish telecoms giant Nokia is considering slashing 8500 jobs, or around 17 per cent of its workforce, at equipment arm Nokia Siemens Networks, which provides infrastructure for mobile carriers. Nokia’s equipment arm, which is profitable in contrast to its loss-making consumer handsets business, is under pressure as it faces increased competition from rivals … Continue reading
Metso / To cut 750 jobs
Most of the 750 jobs to be eliminated are in Finland. Continue reading
Gannett / At least 200 Layoffs
Gannett has reportedly laid off over 200 staffers in the company’s biggest round of cuts in years Continue reading
House of Raeford / Turkey plant laying off 1,000
The last day of work has come for about 1,000 employees of a House of Raeford Farms turkey plant in Hoke County. The last workers start their layoff Thursday afternoon in the rural region where unemployment was 9.2 percent in June. The plant has been processing poultry since the 1950’s and some employees have worked … Continue reading
Air France / To cut 2,500 jobs in 2014
Air France is to slash around 2,500 jobs next year Continue reading
Entergy / 800 Jobs Cut
Entergy Corp. said Tuesday that it plans to cut 800 jobs companywide, including about 165 in Arkansas Continue reading
Valeant Pharma ( Bausch & Lomb ) / To cut 10-15 percent jobs
Canada’s Valeant Pharmaceuticals International Inc (VRX.TO: Quote) (VRX.N: Quote), which has offered to buy Bausch & Lomb Holdings for $8.7 billion, said it may slash 10 to 15 percent of the combined company’s workforce. Valeant, which expects to get regulatory nod by early August, said severance plans for the United States and Canada have been … Continue reading
General Electric / To cut 600 jobs in France
General Electric is to cut 600 jobs in France, mostly at its finance arm, a union official said on Friday, as it seeks to cut back on the division’s activities in the wake of the banking crisis Continue reading
Wall Street / Biggest Job Cuts Yet to Come ?
Wall Street firms must cut more jobs to boost their return on equity and satisfy shareholders, said Meredith Whitney, a banking analyst and founder of Meredith Whitney Advisory Group LLC Continue reading
BlackBerry / 250 layoffs in product testing
BlackBerry Ltd. – A total of 250 employees at the company’s New Product Testing Facility in Waterloo were given notice earlier this week Continue reading
Canada / Sun Media continues death by 1,000 cuts says CWA
Death by a thousand cuts continues apace at Sun Media, which today announced it is shuttering 11 titles and axing 360 jobs says CWA Continue reading
Lonely Planet / Laying off several dozen top editors and publishing staff
Lonely Planet announced last week that it is laying off several dozen top editors and publishing staff Continue reading
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