Job Market Monitor
Job cuts
Siemens / To cut 1,700 jobs
Siemens is expected to cut around 1,700 jobs in the restructuring of its energy business Continue reading
Australia / About 7000 mining jobs gone
ABOUT 7000 jobs have been lost from Queensland’s coal sector in the past 15 months, according to the industry Continue reading
UK / Barclays To Offshore 4,000 Jobs
Barclays Plc is planning to move 4,000 jobs to low cost locations overseas by 2015 to cut costs Continue reading
Australia / WesTrac cuts 350 jobs
HEAVY machinery dealer WesTrac is cutting 350 jobs as part of a restructure in response to weaker demand from the resources industry Continue reading
Arkansas / Nordex wind turbine plant to stop production and lay off
A $40 million wind turbine factory in northeast Arkansas that opened in 2010 with plans to employ more than 700 people announced Friday it would end production and lay off 40 workers Continue reading
Renesas / 1,000 jobs cut in Europe
Renesas Electronics will shed more than a thousand jobs in Europe, including its whole workforce of more than 800 in Finland Continue reading
Rona / Closing 11 stores and cutting 125 jobs
Rona will try to rebuild its profitability by closing 11 stores in two provinces and cutting more administrative jobs Continue reading
Sesame Street cuts Jobs
The non-profit producer of Sesame Street, Sesame Workshop, has laid off about 30 members of its workforce in order to keep up with the constant changing of digital technologies Continue reading
China / IBM to cut at least 500 job
International Business Machines Corp, the US technology giant, is cutting jobs in China after a disappointing decline in earnings. The world’s biggest computer service provider said in an e-mailed reply to China Daily on Wednesday, from its China office, that “change is constant” in the technology industry and that “transformation is an essential feature of … Continue reading
Australia / Coal miners jobs cut by Peabody and Glencore Xstrata
Peabody Energy Corp and Glencore Xstrata will cut around 500 mining jobs in Australia, a company official and trade publication says, as a global glut in coal supply pushes down prices Continue reading
Australia / 600 SA Health jobs cut
Australia. Health Minister Jack Snelling has told a parliamentary committee that 600 full time equivalent jobs would be axed over the next four years. Continue reading
Direct Line to cut 2,000 jobs
Direct Line Insurance has said that it is planning to cut 2,000 UK jobs as it steps up plans to reduce costs. The firm announced in August 2012 plans to reduce gross annual costs by £100m a year, but now plans to save more than double this target. Continue reading
Barrick Gold Corp / To lay off up to a third of staff
Barrick Gold Corp will lay off up to a third of its corporate staff at its headquarters in Toronto and other offices, sources said, as the world’s top bullion producer intensifies a downsizing plan amid a slump in the price of gold. Continue reading
Canada / Nearly 300 jobs cut at Veteran Affairs
Nearly 300 positions at Veterans Affairs Canada are being eliminated as a result of measures in the 2012 federal budget Continue reading
Yahoo / About 1,000 less employees
Yahoo’s headcount has decreased by about 1,000 employees during Marissa Mayer’s first year, through a combination of attrition and ramped-up performance management, with staffers now getting reviewed on a quarterly basis instead of every year. Continue reading
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