Job Market Monitor
Job cuts
Alpha Natural Resources / 1 200 layoffs as 8 mines to closed
Alpha Natural Resources announced plans this week to cut more than 1,200 jobs and idle eight coal mines as part of a company-wide move that will cut coal production by 16 million tons. The company made the announcement Friday that will cut a total or 10 percent of its workforce. There will also be an … Continue reading
Infosys / Doesn’t deny layoffs but …
Indian software major, Infosys Limited, clarified on Friday over a report suggesting that it might lay off up to 5,000 of its underperforming employees. It says that it is not 5,000, but “the number that may be affected is significantly lower.” Just a week ahead of its third quarter results for 2013 (Q3 FY13), the … Continue reading
Detroit / Another 500 layoffs looming for Detroit employees in February
Some 2,000 pink slips have already gone out in the last few years. And now, another 500 cuts are scheduled for February. It’s already worrying union leaders like Leamon Wilson. The president of the AFSCME Local 312 told the Detroit News that more cuts could cripple the city’s bus service. “You can’t deliver the service…It … Continue reading
Chicago / Teachers layoffs in 2011 / Union claims black neighborhoods were targeted
The Chicago Board of Education targeted teachers in black neighborhoods for layoffs in 2011, firing African-American teachers at a higher rate than white coworkers, the teacher’s union claims in a class action. Chicago Teachers Union Local 1; the American Federation of Teachers, AFL-CIO, and three teachers sued the Board of Education of the City of … Continue reading
Bank Layoffs to Continue
Barclays (BCS) is expected to announce a plan to layoff approximately 10% of its 23,000 investment banking employees early in 2013. Although the bank has not given any official details, it is generally believed that the job cuts will happen mostly in Asia and Europe. Barclays is going through a massive overhaul following the departure … Continue reading
Fiscal Cliff / Federal employees- from skeptical to alarmed
Federal employees have been skeptical for months that the biggest cuts to government spending in history could really happen. But with the “fiscal cliff” a week away, workers are now growing increasingly alarmed that their jobs and their missions could be on the line. President Obama and members of Congress headed out of town late … Continue reading
New England / Parachute maker Niche Inc warns of 360 layoffs
A New Bedford company that makes parachutes is warning it may have to cut some 360 jobs in February because of an expected drop in defense work. Kenneth Bello, a lawyer for Niche Inc., told the Standard Times of New Bedford that the company does not have enough new military contracts on the horizon to … Continue reading
US / About 29 M employed in offshorable production and services occupations
“Offshoring, also known as offshore outsourcing, is the term that came into use more than a decade ago to describe a practice among companies located in the United States of contracting with businesses beyond U.S. borders to perform services that would otherwise have been provided by in-house employees in white-collar occupations (e.g., computer programmers and … Continue reading
South Australia / Government to axe 1750 public sector jobs over the next four years
SOUTH Australia has plunged deeper into the red with falling revenues forcing the state government to cut spending and slash jobs in the mid-year budget review. The government will cut spending by $464 million and axe 1750 public sector jobs over the next four years as it copes with revenue write-downs of more than $3 … Continue reading
GM / Camaro production shifted from Oshawa to Michigan – 2 000 jobs at stake
General Motors is moving production of the Chevrolet Camaro from its Oshawa, Ont., plant to a Michigan facility, the company said in a statement denounced by the Canadian Auto Workers’ union as a “betrayal.” GM said Wednesday that “lower capital investment and improved production efficiencies were key factors” in the move. But CAW president Ken … Continue reading
Brazil / Petrobras $15.4 billion costs cutting – Impacts on jobs unknown
Brazil’s state-led oil company Petrobras (PETR4.SA) plans to cut costs by 32 billion reais ($15.4 billion) between 2013 and 2016 to stanch the impact of falling output and rising debt on its ambitious expansion plan. The plan will focus on 39 areas that accounted for 43 billion reais of spending in 2011 and seek to … Continue reading
Pfizer’s Lipitor / 600 jobs cut
Pfizer Inc (PFE.N) plans to cut about 20 percent of its sales force for primary-care drugs, Bloomberg News reported, as the pharmaceutical company copes with the loss of a patent for top-selling cholesterol drug Lipitor. The staff cuts will amount to about 600 sales people out of 3,000, and will begin this month, Bloomberg said, … Continue reading
UK / Large scale redundancy period cut from 90 to 45 days
The 90-day period before large scale redundancies can take place is to be cut to 45 days, the Government announced today. Employment Relations Minister Jo Swinson said the move, along with other changes, was aimed at helping workers and businesses. But the TUC said the last thing the country needed was for the Government to … Continue reading
Canada / 10,800 Public Servants jobs cut so far
Federal public servants whose jobs were cut because of the government’s budget reductions are leaving the workforce, and the majority of people whose jobs could disappear in the coming months have been put on notice, say public sector unions and the Treasury Board Secretariat. Between April 1 and Sept. 30, federal departments and organizations have … Continue reading
California / Prisons / Layoff Warnings to 2,200 Employees
California Correctional Health Care Services has sent layoff warning notices to 2,200 of its employees, the Sacramento Bee’s “The State Worker” reports (Ortiz, “The State Worker,” Sacramento Bee, 12/12). Background About six years ago, U.S. District Judge Thelton Henderson appointed federal receiver J. Clark Kelso to oversee the state’s prison health care system after determining that … Continue reading
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