Job Market Monitor
Job cuts
Russia / Automakers have cut jobs by 30% over 5 years
Over the past five years the number working in the Russian vehicle production fell by 29%. Output increased by 24% proving the sector has become more productive. Since April 2012 car manufacturers cut 5% of their work force bringing the total number employed to 244,000, business daily Vedomosti reports. Most jobs were cut after the … Continue reading
US Airways / Pittsburgh has lost 10,000 and about 460 daily flights since summer 2001
Pittsburgh, which lost 10,000 US Airways jobs and about 460 daily flights since summer 2001, stands to lose again — and the airline workers, political leaders and others feel betrayed Continue reading
US Mining / Drummond to lay off 425 mine workers
(Chosen excerpts by Job Market Monitor) – Up to 425 miners for the Drummond Co. in US , Jefferson and Walker counties will be laid off starting Sept. 9, according to media reports. The reports cite a notification that the Birmingham company is required to file with the state. Drummond said in a letter sent Monday to … Continue reading
BlackBerry / Planning to cut a large share of jobs
Research In Motion is planning to cut a large share of jobs — mostly middle management — on top of the 5,000 employees it laid off last fiscal year. Continue reading
Ghana / Mining companies to trim operations by 3,500
More than 3,500 permanent jobs will be lost in an industry that has enjoyed a decade long boom as falling gold prices and rising cost blight the industry Continue reading
Hungary / Panasonic closes plant, 550 jobs cut
Japanese electronics giant Panasonic said Friday it will close its only European solar cell plant in Hungary, resulting in the loss of 550 jobs. The assembly factory will end production in September before its official closure in March, a Panasonic spokeswoman in Tokyo said. But the firm will maintain its overall global solar cell production … Continue reading
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people Continue reading
Austria / Nearly 3,500 jobs at risk at drug store chain Dayli
Austrian drug store chain Dayli filed for court-supervised restructuring on Thursday saying nearly 3,500 jobs were at risk Continue reading
SMA Solar Technology AG / To layoff 800
SMA Solar Technology AG (SMA) announced a gradual downsizing of 700 full-time positions in Germany Continue reading
Allstate / To Cut 379 Jobs and Close Call Center
Allstate Corp. (ALL), the largest publicly traded U.S. home and auto insurer, said it will cut about 379 employees next month, or about 1 percent of its workforce, by closing a call center in Woodridge, Illinois Continue reading
Indiana / St. Vincent Health laying off 865
Indiana – St. Vincent, a Roman Catholic provider and part of St. Louis-based Ascension Health Alliance, announced it would cut 865 jobs Continue reading
Ulster Bank / To cut up to 1,800 jobs
Royal Bank of Scotland’s troubled Ulster Bank arm announced up to another 1,800 job cuts and around 40 branch closures under plans to return it to profit within the next three years Continue reading
UK / Financial services shed 10,000 jobs in three months
The financial services sector is thought to have shed 10,000 jobs in the three months to June despite strong growth in business volumes, the CBI employers’ group and PwC have reported. The industry expects to create 1,000 jobs in the next quarter, according to the latest survey of 94 companies by the CBI and PwC, … Continue reading
US Medical Device / Widespread Layoffs Leave Med Tech Shaky
Sizable layoffs this year from the likes of Medtronic, Boston Scientific, and Abbott Vascular, among others, have undeniably rattled the medical device industry Continue reading
EU Staff / 2,500 jobs to go in austerity deal
Two thousand five hundred EU officials are set to lose their jobs in the next four years as part of new austerity measures for EU institutions Continue reading
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