Job Market Monitor
Job cuts
France / Michelin cuts 700 jobs
Michelin is cutting just over 700 jobs at its Joué-lès-Tours plant in the Loire region of France. It is the latest car industry manufacturer to respond to the European downturn with layoffs. The news was not received well at the factory, which makes tyres for lorries. Patrick Fontaine, a 36-year veteran at the plant, wept … Continue reading
Billabong / More Layoffs to come ?
In more Billabong news, several senior Billabong employees in the Americas were laid off today, including well-known sales executives. Names on the list include retailer favorites Jeff Booth, Men’s National Sales Manager, Angi Broberg, Billabong Girls National Sales Manager, and Royce Cansler, who handled surf retail relations. Royce Cansler, Jeff Booth, George Karamitos of Maui … Continue reading
Games / Zynga Cuts 520 Jobs
Zynga Inc. (ZNGA), the biggest maker of online social games, said it will cut 520 jobs, or 18 percent of its staff, and close some offices amid disappointing results from its titles outside the “FarmVille” series. The reductions will save about $70 million to $80 million in pretax expenses annually, the San Francisco-based company said … Continue reading
Panasonic / To cut 5,000 jobs
In a drive to improve profits, Panasonic has announced plans to cut 5,000 jobs over the next three years. The cutbacks will hit its automotive and industrial unit, which accounts for about a third of the company’s workforce, the Nikkei reported Thursday, citing a Panasonic executive. “A reduction in labor costs will be a big … Continue reading
Australia / Queensland / Cuts in public service jobs reaches 14,000
WITH a month to go until the end of the financial year, the Newman Government has achieved its goal to reduce the public service by 14,000. A Public Service Commission spokeswoman said yesterday that 10,032 offers of redundancy had been made since July, and 9189 employees had accepted. “Almost 400 of those employees are still … Continue reading
Sibanye Gold / To Cut 1,110 Jobs
Sibanye Gold Ltd. (SGL), South Africa’s second-biggest producer of the metal, will cuts 1,110 positions at its Beatrix West mine in South Africa, fewer than first proposed, in a bid to return the operation to profit. The company will stop development at the mine, resulting in 330 job cuts and an additional reduction of 780 … Continue reading
China / Motorola confirms further staff layoffs
Motorola Mobility China confirmed Tuesday that it is carrying out a second round of massive layoffs, a further move to cut its workforce since Google Inc acquired its parent company Motorola Mobility for $12.5 billion last year. According to telecommunications industry website ccidcom.com, the US-based company is planning to cut 800 jobs in China, with … Continue reading
UK / Banks employment to 9yr low
Britain’s four biggest banks will have cut a quarter of their staff worldwide by the end of this year from peak staffing levels of 2008. Thousands of jobs are targeted as British banks centered in LIBOR rigging and insurance mis-selling scandals continue to cut costs. Royal Bank of Scotland, HSBC, Lloyds and Barclays will employ … Continue reading
Rio Tinto / At least 230 jobs in jeopardy in Sorel-Tracy
At least 230 jobs are on the line at Rio Tinto Iron & Titanium in Sorel-Tracy. The company’s management met with the union this week to present a restructuring plan that could result in significant job losses. The plan foresees cutting 75 jobs at the Montérégie-region plant between now and September, with another 155 cuts … Continue reading
Casino / Australia / Job cuts at Crown
The $9.35 billion casino company Crown has confirmed rumours of job cuts, as Victoria’s largest single-site, private-sector employer seeks a slice of the Sydney casino market. Sources close to Crown said redundancies were on the way for administration, marketing and back-office staff. It is believed the job losses are triggered by a desire to cut … Continue reading
Australia / Ford to cut 1,200 jobs
Car manufacturer Ford announced today it will stop making vehicles in Australia in 2016 and axe 1,200 jobs, having produced its first car in the country in 1925. Ford Australia chief executive Bob Graziano made the announcement as he revealed a loss of 141 million Australian dollars ($136 million) after tax in the last financial … Continue reading
Australia / Telstra to slash jobs
THE terminal decline of Telstra’s once-dominant fixed telephony business and the rise of new business opportunities have forced the telco giant into a major operational restructure that will affect half the company’s 30,000-strong domestic workforce. The restructure, which was announced yesterday in an internal memo from Telstra chief operations officer Brendon Riley, is likely to … Continue reading
ESPN layoffs 7000 workers
Sports media giant ESPN has given pink slips to nearly 7,000 employees on Tuesday, the network said in a statement. The Bristol, Connecticut-based company said it was looking at the financial bottom line. In a statement the company said that they were implementing changes across the company to enhance their continued growth while smartly managing … Continue reading
Ericsson / 318 Receive Layoff Notice in Sweden
LM Ericsson Telephone Co. (ERIC: Quote) Tuesday said it has initiated union negotiations to close down its telecom cables operation within business unit Networks. The decision primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall has been given, while a dialog with the unions in Stockholm for … Continue reading
Quebec / Alcoa and Alcan postpone smelter upgrades with impacts on jobs
With an aluminum market weighed down by surpluses, Alcoa Inc. and Rio Tinto Alcan are postponing billions in upgrade and expansion plans to their smelters in Quebec. While some 750 Rio Tinto Alcan employees will get to keep their jobs longer, 500 Alcoa workers will be pushed into early retirement. Alcoa is deferring by three … Continue reading
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