Job Market Monitor
Job cuts
Pfizer / To shrink U.S. sales force
Pfizer Inc. PFE +0.18% plans to shrink certain segments of its U.S. sales force, in the drug maker’s latest cost-cutting move. Pfizer spokesman MacKay Jimeson said Friday the sales force would be reduced, but didn’t quantify the scope of the cuts. “As part of our strategy to allocate our resources, investments and people to the … Continue reading
Australia / Brisbane Children’s Hospital cuts 99 full-time jobs
Jobs are being shed at the Royal Children’s Hospital in Brisbane as part of a bid to save taxpayers $15 million. Children’s Health Queensland Hospital and Health Service has confirmed it is cutting 99 full-time jobs, or five per cent of the workforce. This will see positions reduced at the Royal Children’s Hospital, the Child … Continue reading
Pennsylvania / U.S. Steel announces layoffs in McKeesport
U.S. Steel said Friday it is laying off more than half of the workforce at its tubular plant in McKeesport, citing competitive pressure from imports. Spokeswoman Courtney Boone said the company will lay off 142 hourly workers represented by the United Steelworkers union in order to bring staffing in line with production levels. The company … Continue reading
American Superconductor Cuts 25% Jobs
Wind and grid sector solutions provider American Superconductor Corp. (AMSC: Quote), Wednesday slashed its workforce by 25 percent in order to cut costs amid weakness in the wind power market. The company has cut its outlook for the third quarter, as a result of anticipated wind turbine electrical control system shipment delays to certain of … Continue reading
Arizona / Resolution Copper eliminating about 400 jobs
An Arizona mining company announced Friday it will suspend shaft and drilling work at its Superior operation and eliminate about 400 jobs, saying the moves are the result of continued uncertainty around a proposed land exchange. Resolution Copper Mining officials said they will try to place affected workers in other jobs within the company. Some … Continue reading
Fresno Call Center to close / More than 700 jobs
Bank of America (NYSE: BAC), the Charlotte based banking giant, plans to close its Fresno call center in August 2013. Jennifer Darwin, a corporate spokesperson with Charlotte, N.C.-based Bank of America, confirmed the closure, but declined to say how many workers would be affected. The layoffs at the call center will be upwards of 700 … Continue reading
US / Toyota / Retirement incentives offered to 2,000 employees
Toyota Motor Corp (7203.T) said on Friday it is offering retirement incentives to about 2,000 U.S. workers, or 10 percent of its employees in the country, in an effort to manage attrition of its aging work force. About 1,600 workers at the Japanese automaker’s Georgetown, Kentucky plant, or about a quarter of the work force … Continue reading
Manchester / Up to 900 more jobs to go
Manchester City Council has confirmed up to 900 jobs could be cut as the authority tries to make savings of about £80m over the next two years. The city has seen its budget cut by almost £170m since its government funding was reduced last year. Two-thousand posts have already been lost through budget cuts. The … Continue reading
Barclays / 3,500 jobs could be cut
Barclays could ax as many as 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review aimed at fixing the bank’s culture in the wake of the financial crisis. The future shape and size of the investment bank is seen as the most critical part … Continue reading
Siemens / To Cut 4,700 More at Osram
Siemens AG (SIE) announced plans to eliminate an additional 4,700 jobs at its Osram lighting subsidiary to reap 1 billion euros ($1.3 billion) in cost savings as the market for traditional light bulbs shrinks. The job cuts, which are focused primarily outside Germany, come on top of 1,900 positions that Osram already reduced in fiscal … Continue reading
Texas Instruments / Notification of workers has begun
Texas Instruments yesterday began notifying employees about layoffs that were announced two weeks ago as the company exits the wireless mobile market, according to a letter the company sent to the Texas Workforce Commission. The Dallas-based chipmaker plans to cut 1,700 jobs, or about 5 percent of its workforce, over the next year. That includes … Continue reading
UK / Direct Line cuts 236 more jobs
Insurance group Direct Line is to cut a further 236 jobs as part of efforts to save £100million in costs. It said the roles would be cut across divisions including its commercial underwriting operation and risk and compliance function. The latest jobs cull comes on top of redundancies already announced by the group this year, … Continue reading
Wessanen / To cut 300 jobs in Europe
Dutch food group Wessanen said on Thursday it would cut 300 jobs and reduce costs by 15 million euros ($19 million)from 2014 onwards as it restructures its European and frozen foods businesses. Source: via Dutch food group Wessanen cuts 300 jobs in Europe | Reuters.
LivingSocial / To lay off 400 in U.S.
LivingSocial Inc. is slated to launch a major round of layoffs Thursday, with as many as 400 job cuts expected across its U.S. workforce, according to sources with knowledge of the daily deal giant’s plans. Those cuts are expected to span a wide range of positions and markets, including in LivingSocial’s home turf of D.C., … Continue reading
Wisconsin / One in five state business leaders eyes layoffs in next 6 months
Wisconsin business leaders say the state is headed in the right direction, yet one in five plans to cut staff in the next six months, the largest percentage in more than three years, according to a semi-annual survey conducted by Wisconsin Manufacturers and Commerce. Twenty percent said they plan layoffs in the first half of … Continue reading
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