Job Market Monitor
Job cuts
US / Pentagon / Civilian hiring freeze
The Pentagon is starting a civilian hiring freeze, effective immediately, Bloomberg News is reporting Wednesday. The move is related to the budget sequester that will take effect in March if Congress and the White House don’t act to turn off the sequester or replace its automatic spending cuts. While expected — Defense Secretary Leon Panetta … Continue reading
Scotland / Blockbuster / 300 jobs at risk
THOUSANDS of jobs are at risk after DVD rental firm Block-buster UK yesterday became the latest high street chain to go into administration. The company, which employs 4,190 staff, including more than 300 in Scotland, follows music retailer HMV, which called in administrators earlier this week. The Uxbridge-based business, which opened its first store in … Continue reading
Montréal / Cirque du soleil / Up to 600 layoffs could be announced
World-renowned Cirque du soleil will be meeting with staff Wednesday amid reports that up to 600 people could be laid off. Renee-Claude Menard, Cirque’s senior director of public relations, said on Tuesday she would not comment about layoff speculation until the staff meeting. However, she confirmed the famed organization is conducting a major review of … Continue reading
UK/ Manchester City Council / 830 jobs at risk
Plans to cut 830 jobs, raise council tax and close libraries have been announced by Manchester City Council in a bid to address a funding gap of £80m. The proposals could also see bus lane fines “more actively” pursued, bonfire events stopped and departments merged. The job losses follow the cutting of 2,000 posts in … Continue reading
Australia / Boral cuts 700 jobs
BUILDING products maker Boral will shed 700 jobs as part of a major restructure aimed at helping it weather the effects of Australia’s gloomy housing market. The cuts are the result of a 100-day review by new chief executive Michael Kane, who said most of the job losses would be among management ranks and back … Continue reading
Bulgaria / Layoffs at Military Plant: 700-800 employees will have to go
Hundreds of workers at Bulgaria’s State-owned arms manufacturer VMZ Sopot must be laid-off in order for the company to be privatized, Bulgarian Prime Minister, Boyko Borisov, says. According to Borisov, cited by Darik radio, 700-800 employees will have to go because no potential buyer will want to acquire the plant with the current 3 200 ones. … Continue reading
South Africa / Amplats shafts closure could lead to the loss of almost 14,000 jobs
Anglo American Platinum has said it will cease production at four mine shafts in the Rustenburg region of South Africa, which could lead to the loss of almost 14,000 jobs. The world’s biggest platinum producer said lower demand for the precious metal and higher costs meant the shafts were unprofitable. Amplats said it proposed to … Continue reading
HMV / 4,500 jobs at risk
The chief executive of HMV, Trevor Moore, has given an impassioned defence of the chain, which will formally slide into administration on Tuesday, insisting it still deserves a place on Britain’s high streets. “Ian [Kenyon, HMV’s finance director] and I are really passionate about working with the business,” said Moore, the former Jessops boss who … Continue reading
France / Renault to cut 7,500 posts by 2016
Renault (RENA.PA) wants to cut 7,500 posts in France by 2016 to help boost competitiveness as its domestic and European markets continue to slump, a spokeswoman for the French carmaker said. The cuts, equivalent to 14 percent of French Renault staff, are expected to include 5,700 departures through natural turnover, the spokeswoman said on Tuesday, … Continue reading
Germany / Air Berlin: 900 job cut
Germany’s second-largest carrier, Air Berlin, has said it would cut about one-tenth of its workforce to become profitable again. The airline is in the middle of a restructuring program to reduce overall costs. Germany’s Air Berlin announced on Tuesday it would cut 900 jobs by the end of 2014 to help make the struggling carrier … Continue reading
US / Solar Energy / Hemlock Semiconductor Laying off 400
Hemlock Semiconductor Group said on Monday it will lay off about 400 workers in Tennessee and Michigan due to a global glut of polysilicon and the threat of tariffs on its products sold in China. Hemlock is a major producer of polysilicon, the raw material used in most photovoltaic solar panels. It is a joint … Continue reading
Sweden / SKF to cut 2,500 jobs
SKF (SKFb.ST), the world’s biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts. The Swedish firm, whose bearings are used in a range of products from washing machines to aircraft, is seen as an early indicator … Continue reading
N.Y. Times: Layoffs Would Include High-levels
The New York Times may be forced to lay off a number of editorial staff, including high-level editors, according to staff sources. The speculation around the newsroom, first reported by New York Magazine’s Joe Hagan and confirmed by POLITICO, is that managing editor John Geddes, assistant managing editor Jim Roberts, dining editor Susan Edgerley, former Washington editor Rick … Continue reading
Campbell Soup / Sacramento / First Round Of Layoffs
It’s not the way anyone wants to start the New Year; but in just a few weeks, nearly 300 Campbell’s Soup employees will spend their last day on the job as the plant readies to close after more than 60 years in Sacramento. In just three weeks, production at Campbell’s Soup will start to slow … Continue reading
Time Magazine / Layoffs to come
Time Inc. is reportedly planning to slash hundreds of jobs, the New York Post’s Keith Kelly exclusively reported on Thursday. Sources told Kelly that the first round of layoffs, which were originally expected to hit last week, had been pushed back till next month. Chosen excerpts by Job Market Monitor from via Major Time Inc. … Continue reading
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