Job Market Monitor
Job cuts
Calgary / SMART Technologies: 225 layoffs
Temporary foreign workers, who were laid off at Smart Technologies in Calgary, could be forced out of the country. SMART Technologies announced on Tuesday that it was laying off up to 25 percent of its staff by March 2013, including Abhishek Dhawan who was hired from India in August to test software for the company. … Continue reading
Nuclear / Babcock and Wilcox Announces Layoffs in Ontario
Babcock & Wilcox has announced plans to lay off 90 workers at its manufacturing plant in Cambridge, Canada. The positions amount to about 30 percent of the Ontario plant’s unionized hourly workforce, the Waterloo Record reported. The layoffs will take effect in January, and a B&W spokeswoman told the newspaper that the company does not … Continue reading
Barclays / Could cut up to 2,000 jobs
Antony Jenkins, the bank’s new chief executive, announced in September that some parts of the bank would “shrink” as part of the overhaul, although he has ruled out a break-up of the scandal-hit lender. The job cuts could be announced early next year, the Wall Street Journal reported, and would represent around 10pc of Barclays’ … Continue reading
Avon / To cut 1,500 jobs
Avon Products said it will cut about 1,500 jobs and exit two Asian markets — South Korea and Vietnam — as the struggling beauty products starts toward its cost-cutting goal. The job cuts amount to almost four per cent of its workforce and marked one of the first major moves by CEO Sheri McCoy, who … Continue reading
South Africa / Mining bleeds 15,000 jobs in quarter
THE beleaguered mining sector shed 15,000 jobs in the third quarter, reflecting the extent to which the slowdown in global demand for commodities, coupled with disruptive wildcat strikes, had on the sector, a Statistics South Africa jobs survey released on Tuesday showed. The job losses in mining do not bode well for South Africa’s already … Continue reading
Peugeot / 1,500 Jobs Added to Cuts
PSA Peugeot Citroen (UG), Europe’s second-largest carmaker, will eliminate an additional 1,500 jobs by 2014, deepening its workforce reduction as auto sales in the region plunge to a 17-year low. The cuts, which come on top of 8,000 announced in July, will be made by not replacing people who leave, Jonathan Goodman, a spokesman for … Continue reading
Poland / Fiat announces 1,500 layoffs
Fiat announced 1,500 layoffs at its Polish operations to reduce production, as demand is plummeting in Europe. Fiat forecasts losses of 700 million euros ($903 million) in Europe this year. The cuts will come at the Tychy plant as well as from sales staff in the country, Fiat said in a statement on Friday. Fiat … Continue reading
India / About 1,900 jobs lost for tech professionals
When news emerged early this week that Motorola Mobility, a Google subsidiary, has decided to shut down its Chennai unit and to pink slip 76 employees, the resultant feeling was déjà vu. Well, 2012 has been like that for telecom and IT sectors, largely due to the gloomy global outlook and its repercussions were being … Continue reading
Kennedy Space Center / 119 workers laid off, another 129 to come
United Space Alliance said goodbye over the weekend to 119 more Kennedy Space Center employees in its latest round of layoffs. NASA’s lead shuttle contractor, a joint venture between the Boeing Co. and Lockheed Martin Corp., is continuing a multi-year downsizing as the shutdown of the nation’s space-shuttle program nears completion. The latest cuts reduced … Continue reading
Health Information / WebMD to cut around 250
Health information website WebMD Health Corp said it will cut around 250 jobs, or 14 percent of its workforce, to reduce costs. The company, which had about 1700 employees according to Thomson Reuters data, said it would take a charge of about $6 million to $8 million in the fourth quarter, primarily on severance and … Continue reading
China / Mass factory layoffs rise to 15-month high
Workers laid off due to factory shutdowns increased to a 15-month high of 141,000 in October, according to government statistics released yesterday. Chinese Personnel Executive Association (CPEA) chief executive Lin Yu-min (林由敏) said retirement benefit inquiries have risen in recent weeks, indicating that more factories have shut down, resulting in mass layoffs. Older workers who … Continue reading
Korea / Motorola / More than 500 jobs cut
Motorola Mobility will close “most” of its South Korean operations by 2013, according to a leaked internal memo. According to the memo (in Korean), the move is part of a continued global restructuring effort by its parent company Google, which bought the smartphone maker earlier this year for $12.5 billion. Since then, however, restructuring costs have … Continue reading
Germany / Opel: 3,100 Jobs at Risk
General Motors Co. (GM)’s Opel division will stop making cars at its plant in Bochum, Germany, in 2016, threatening 3,100 jobs, as the U.S. automaker seeks to stem European losses during a prolonged vehicle-market contraction. Opel will end auto production at the factory when the current version of the Zafira minivan is replaced, the unit, … Continue reading
Layoffs / Ten global companies cut 100,000 jobs in 2012
With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012 and they include giants like HP, Google and Citigroup. While these companies come from a wide array of businesses, the reason behind layoffs has mostly been cost-cutting efforts in … Continue reading
Newsweek Layoffs Coming / A bloodbath says a source
A source calls the layoffs “a bloodbath” and estimates that half the editorial staff will be gone. Newsweek’s print edition is ending in a matter of weeks, and the anticipated staff changes have already begun. Layoffs are expected to be announced this afternoon, a tipster tells us. Meanwhile, we hear that a few editors are proactively … Continue reading
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