Job Market Monitor
Job cuts
Barclays / To Cut 2,000 Jobs
Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday. Jenkins, who took over in August having previously run Barclays’ retail operations, is revamping the bank following the departure of Bob Diamond when the … Continue reading
Boston Scientific to cut up to 1,000 jobs
Boston Scientific Corp., the Natick medical device maker that already has eliminated more than 1,000 jobs over the past three years, said Tuesday it plans to cut another 900 to 1,000 jobs worldwide. The company did not specify where the job cuts would take place, but new chief executive Mike Mahoney said in an interview … Continue reading
Germany / Hewlett-Packard lays off 850 employees
Hewlett-Packard Co. HPQ -0.15% will close its site in Ruesselsheim, Germany, by the end of October and layoff about 850 employees–or 8.5% of its workforce in the country–as part of a previously announced broader restructuring effort. “The changes we are announcing in Germany today are a necessary part of our commitment to deliver our long-term … Continue reading
Canada / Sears lays off 700 workers
Sears Canada announced Thursday it is laying off 700 workers across the country as part of a move to “right-size” the company and focus on restructuring its business. The national retailer says 360 people are being laid off from its department stores and about 300 from its distribution centres. The remaining workers are being let … Continue reading
Ottawa Hospital 290 full-time jobs cut
Nearly 300 jobs at The Ottawa Hospital are on the chopping block. As it tries to trim $31 million from its $1.04-billion budget for 2013-2014, the hospital announced Wednesday 290 jobs would be affected. Of those jobs, 90 nursing jobs and 100 administrative positions will be cut, in addition to 100 other health care jobs … Continue reading
Harman / 500 jobs cut and, maybe, 500 more
Audio systems maker Harman International Industries Inc slashed its full-year outlook and said it would cut up to 9 percent of its workforce after second-quarter profit missed Street estimates due to lower sales to European carmakers. Harman shares plunged 14 percent to $42.49 in morning trade on the New York Stock Exchange. “We expected European … Continue reading
UK / 150 jobs to go at IPC Media
the UK division, the magazine giant IPC Media, must cut 150 jobs, which amounts to 8% of the total. The publisher of Britain’s best-known consumer magazines, such as Marie Claire, Ideal Home, Woman, Woman’s Own, In Style and Now, said the cuts would be accompanied by “organisational changes.” There will also be sweeping changes to … Continue reading
Quebec / Two Best Buy outlets close
Some Best Buy outlets have shut their doors in the last several hours. The electronics chain appears to have closed at least two outlets in Quebec, in Sherbrooke and in Montreal-area Lachenaie. And there are reports that more than a dozen Best Buy big box outlets will close across Canada. The windows at the Sherbrooke … Continue reading
Daimler Trucks / Layoffs could reach 1,000 in Portland
New reports circulated on Wednesday suggesting Daimler Trucks is preparing to cut more than 1,000 jobs at its Portland manufacturing facilities. Choosen excerpts by Job Market Monitor from Daimler Trucks Warns of Potential Portland Layoffs – Truckinginfo.com.
Alps Electric / 3,000 Jobs Cuts
Alps Electric Co. (6770), a Japanese electronics supplier for carmakers and Apple Inc. (AAPL) jumped the most in more than 22 months after announcing it will cut 3,000 jobs worldwide to help stem losses… “The job cuts are aimed at improving profitability,” Satoshi Yamamoto, a company spokesman said by phone today. The reductions will be … Continue reading
Time / Around 500 Jobs Cut
Time Inc. began a widely anticipated round of layoffs on Wednesday. The Wall Street Journal said that around 500 people will be cut from the world’s largest magazine company — home to Time, Sports Illustrated and People, among others. That means that the roughly 8,000-strong workforce would be cut by about 6 percent. Choosen excerpts … Continue reading
Northern Europe / Nordea / To cut as many as 940 more jobs
Nordea Bank CEO Christian Clausen signalled on Wednesday he still needs to cut as many as 940 more jobs at Scandinavia’s biggest lender to reach a goal of lowering headcount at least 10%. “We have reduced our staff by 8%, we have come far,” Mr Clausen said in an interview, after the company said in … Continue reading
UK / Rolls-Royce: Nearly 400 workers at risk
Aerospace firm Rolls-Royce has said it is in consultation with unions over job cuts at one of its plants, after a trade union said nearly 400 workers are at risk. Unite reported earlier today that Rolls-Royce had sent an internal memo to its staff to detail its proposals. The plan puts 378 jobs at risk … Continue reading
US / Blockbuster to shed thousands of jobs
ideo rental business Blockbuster plans to close hundreds of stores in the coming weeks and expects to shed thousands of jobs, the company said Tuesday. Blockbuster, which was bought by Dish Network (DISH, Fortune 500) in 2010 after going bankrupt, plans to close about 300 stores and cut about 3,000 jobs, said Dish spokesman John … Continue reading
UK / Blackburn with Darwen Council to cut 500 jobs
Blackburn with Darwen Council – The “painful” cuts package is to fill a funding gap of up to £30m – about 20% of the total council budget. Other potential cost-saving measures include reduced library opening hours, less grass cutting and street cleaning and stopping school clothing grants. The latest measures come on the back of savings totalling … Continue reading
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