Job Market Monitor
Job cuts
Australia / 1000 Finance Jobs Are Offshored Monthly
The financial services jobs market continues to struggle as the sector loses almost 1000 jobs a month to more cost effective offshore hubs, such as Asia and New Zealand Continue reading
Alberta / Teacher layoffs to come
Large numbers of layoffs seem possible. The Calgary and Edmonton public boards alone expect to lose more than 350 teachers by fall. Continue reading
US Navy / 745 Civilians Layoffs
The Navy Installations Command on Wednesday announced that it would undertake a reduction in force for 745 civilian positions Continue reading
Stora Enso Oyj / Cuts 2,500 Jobs
Stora Enso Oyj (STERV) will cut about 2,500 additional jobs, or 9 percent of its total, as Chief Executive Officer Jouko Karvinen reshapes Europe’s biggest papermaker amid shrinking markets for printed media. The reductions announced today don’t include any capacity cuts, the Helsinki-based company said in a statement today. The measures to simplify and streamline … Continue reading
British Army / Redundancy notices send to 4,480 soldiers as campaign for 10,000 new recruits is launched
More than 4,000 soldiers have been axed in the latest round of defence job cuts. The Ministry of Defence today announced 4,480 redundancy letters have been sent to troops under plans to cut the number of regulars to 82,000 by 2018. But the government was accused of a ‘failed strategy’ as it launched a recruitment … Continue reading
OneWest / To lay off 725 in Austin
Pasadena, California-based OneWest Bank will lay off 725 workers in Austin, according to a Worker Adjustment and Retraining Notification Act filing with the Texas Workforce Commission. The layoffs will take place through August 31, 2013, and will affect mostly call center workers. The move is the second-largest layoff in Texas this year, according to the … Continue reading
Commerzbank / To cut thousands of jobs worldwide
Germany’s second biggest lender, Commerzbank, has struck a deal with the staff council about planned layoffs. The cuts are to lay the ground for a profitable retail banking business. Germany’s partly state-owned Commerzbank has reached a deal with its staff council to cut 5,000 jobs globally, the business newspaper “Handelsblatt” reported Tuesday. The lender warned … Continue reading
Symantec / Cutting Up to 1,700 Jobs
Security software company Symantec may lay off as many as 1,700 employees as early as today, sources familiar with the company’s plans tell AllThingsD. The cuts are part of a company-wide reorganization first announced in January as part of a turnaround plan instituted by Steve Bennett, Symantec’s new CEO, who joined the company 11 months … Continue reading
Chicago Public Schools lays off 850 teachers and staff members
About 850 teachers and staff at Chicago Public Schools were laid off as 48 Chicago schools are set to close this month, officials said. Among those laid off are teachers, some of whom were tenured, paraprofessionals, bus aides and part-timers, all of whom were informed about the layoffs Friday, the Chicago Sun-Times reported. Some teachers … Continue reading
Bombardier / To cut more than 1,400 jobs at its railcar plant in Derby, England
Siemens AG, Europe’s largest engineering company, sealed a $2.5 billion contract to provide carriages for a London rail link, beating Bombardier Inc., which is cutting jobs at its plant in England. The order to provide 1,140 new carriages for use on the Thameslink line will be awarded to a consortium led by Munich-based Siemens, the … Continue reading
RBS / To axe 2,000 jobs in investment bank
Royal Bank of Scotland (RBS.L) said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go. Chosen excerpts by Job Market Monitor via RBS axes 2,000 jobs in shake up of investment bank | Reuters.
IBM / Starts to Cut Jobs Amid Global Reduction
International Business Machines Corp. (IBM), the world’s largest computer-services provider, began cutting U.S. jobs today as part of a global restructuring plan announced in April, a person familiar with the move said. The reduction targets employees with a range of seniority, from rank-and-file staff to executives, said the person, who asked not to be named … Continue reading
Greece / State TV shutdown – 2 500 jobs cut
Greece’s government faced an internal revolt and public outrage on Wednesday over the sudden closure of state broadcaster ERT, hours after the humiliation of seeing its bourse downgraded to emerging market status. The twin setbacks, coupled with the derailing of a troubled privatisation programme, reversed a rise in investor confidence that had prompted Prime Minister … Continue reading
‘PBS NewsHour’ to cut jobs
The “PBS NewsHour,” the signature nightly newscast on public television, is planning its first significant round of layoffs in nearly two decades. Facing a multimillion-dollar shortfall in the program’s budget, the show’s producer, MacNeil/Lehrer Productions, will close its two offices outside of the Washington, D.C., area — in Denver and San Francisco — and lay … Continue reading
Siemens / To cut 1,000 energy jobs in Europe and Asia
German engineering giant Siemens plans to cut 1,000 more domestic jobs at its energy division over the next few years, the Frankfurter Allgemeine Zeitung reported in its Tuesday edition. The company plans to initially cut 340 jobs in its energy-solutions unit in Erlangen and Offenbach, the daily newspaper said. “Siemens is thus reacting to the … Continue reading
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