Job Market Monitor
Job cuts
NXP to layoff 700 to 900
NXP Semiconductors is planning to start a reorganisation process to reduce cost of support services, as a line in this, 700 to 900 jobs hang loose. The majority of the cuts will take place in Europe, although the US and Asia will also see some cuts, reports Tweakers.net The number of layoffs is still uncertain … Continue reading
UK / 5,300 Soldiers To Lose Jobs
More than 5,000 soldiers will be made redundant in the latest round of job cuts, the Government has announced. The Army will bear the heaviest burden in this third wave of redundancies because the Navy and RAF have already completed most of their necessary cuts. Up to 5,300 soldiers will lose their jobs, although anyone … Continue reading
Australia / QBE could cut 700 jobs
Hundreds of jobs are under threat at global insurer QBE as it prepares to finalise a massive cost cutting plan. The insurance giant is reportedly considering axing 700 jobs from its Australian workforce as it seeks to slash costs. QBE on Monday refused to confirm how many jobs could go, but noted that it had … Continue reading
UK / Blockbuster: 760 jobs to go
Collapsed DVD and games rental firm Blockbuster is to close 129 of its 528 stores in the coming weeks and make 760 of its 4,190 employees redundant , its administrator confirmed today. Thirty-one stores have already been put on notice of closure with a number of closing-down promotions announced. Lee Manning, of administrator Deloitte, said: … Continue reading
Kazakhstan / ArcelorMittal / 2,000 jobs cut
ArcelorMittal, expects output at its Kazakhstan mill, which relied on Iran for a third of its business before Western sanctions were imposed, to fall again in 2013 and will shed about 2,000 jobs to cut costs. Shipments at the world’s largest steelmaker’s Temirtau site dropped to 2.8 million tonnes last year from 3.2 million in … Continue reading
UK / Worcestershire County Council / To cut another 650 jobs
An extra 650 jobs cuts will not affect front line services according to the leader of Worcestershire County Council. The council has said the jobs will go by 2017, in addition to 850 redundancies it has already announced. Council leader Adrian Hardman said it would be “principally backroom jobs” that will go at County Hall … Continue reading
State Street Plans to cut 630 Jobs
State Street (STT) logged a stronger-than-expected 23% jump in fourth-quarter profits on Friday thanks to higher fees, but the custody bank also disclosed plans to slash more than 600 jobs around the world. Choosen excerpts by Job Market Monitor from via State Street Grows 4Q Net 23%, Reveals Plans to Axe 630 Jobs | Fox … Continue reading
Sanford, NC / Pfizer: 400 layoffs
Pfizer Inc. confirmed layoffs at its Sanford plant this week, continuing the company’s plan to cut 400 positions locally by 2015. Pfizer spokesperson Joan Campion wouldn’t confirm the number of people laid off at the Sanford site, located at 4300 Oak Park Road, but said Thursday that fewer than 40 of the plant’s 650 employees … Continue reading
United Paper Mills-Kymmene, Europe’s second largest paper firm, to cut 860 jobs
Europe’s second largest paper production firm intends to cut 860 jobs worldwide after the eurozone crisis reduced the demand for paper. The struggling European economy has affected the use and need for paper, the Finland-based UPM (United Paper Mills)-Kymmene said on Thursday. The supply of graphic papers has significantly outweighed the demand in Europe. “The … Continue reading
Germany / Deutsche Telekom would cut 1 200
Germany’s Deutsche Telekom has been reported to be planning more job cuts in addition to those already announced a while ago. According to a newspaper, layoffs will primarily affect its overhead segment. Deutsche Telekom of Germany on Thursday was reported to be preparing more job cuts domestically over the next couple of months. The business … Continue reading
Finland / Nokia cuts 300 IT jobs and outsources 820 jobs in India
Nokia Corp. NOK -1.51% Thursday announced more job cuts in Finland as part of a move to outsource its information technology operations to Indian suppliers. Nokia said it would outsource some of its IT operations to two Indian IT suppliers, HCL Technologies Ltd. and TATA Consultancy Services Ltd. , India’s largest software exporter. As part … Continue reading
Kentucky / Gap cuts 350 jobs at distribution centers
Gap Inc. plans to close two facilities in Northern Kentucky as part of a move to streamline the distribution system for the San Francisco-based retailer, according to the Cincinnati Business Courier. The move will impact about 350 workers. Choosen excerpts by Job Market Monitor from via Gap to close distribution centers, cut 350 jobs – … Continue reading
US / Express Scripts / More than 400 layoffs so far at Medco Health Solutions
Express Scripts Holding Co. has trimmed the staff at Franklin Lakes-based Medco Health Solutions Inc., its $29.1 billion acquisition, by roughly 20 percent in Bergen County since last April, laying off more than 400 employees. This week St. Louis-based Express Scripts, which became the nation’s largest pharmacy benefits manager when it bought Medco, confirmed it … Continue reading
Lockheed / Another 150 workers at Fort Worth
An additional 150 workers at Lockheed Martin Aeronautics in west Fort Worth received pink slips today, more than doubling the number of layoffs since the first of the year. Employees at the plant have been told that their last day of work is expected to be Jan. 25, Lockheed spokesman Ken Ross confirmed in an … Continue reading
Update – Montréal / Cirque du Soleil / 400 jobs cut
Cirque du Soleil has announced it will lay off about 400 people between January and March. On Wednesday, the company said the first round of layoffs would happen before the end of the month. Cirque spokeswoman Renée-Claude Ménard said at least 50 per cent of the cuts will be taking place at the company’s Montreal … Continue reading
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