Job Market Monitor
Job cuts
Taiwan – Tech Layoffs Likely to Peak in Q4
With some of DRAM and LED companies downsizing to induce employment cuts among high-tech industries, tech layoffs in Taiwan are likely to peak in the fourth quarter of this year, warned local human resource agencies. According to statistics issued by the Council for Labor Affairs, a total of 2,742 employees in different industries in Taiwan … Continue reading
Securitas – To cut 400 jobs
Swedish security services group Securitas, (SECUb.ST: Quote) which has posted seven straight quarterly earnings drops, is to cut costs and merge two divisions, it said on Wednesday. The company, the world’s second largest security firm after British-Danish G4S, (GFS.L: Quote) has suffered from weakness in Europe during the sovereign debt crisis, affecting key contracts. Profitability … Continue reading
TeliaSonera – To cut thousands of jobs
Telecoms group TeliaSonera AB is shedding thousands of jobs as part of a cost-cutting plan and has warned of industry stagnation until companies find a way to profit from surging smartphone and tablet data traffic. TeliaSonera, part-owned by the Swedish and Finnish states, has seen revenue flatline since 2008, despite rapid expansion in central Asia, … Continue reading
Toronto – Loblaw cuts 700 head office jobs
The decision by Loblaw Companies Limited to chop 700 jobs from the payroll in administration and at head office in Brampton on Tuesday was met with mixed reviews from analysts and investors. Loblaw has been upgrading its supply chain technology and infrastructure and while the job cuts may reflect greater efficiencies, Perry Caicco, managing director, … Continue reading
Europe – Rio Tinto – To cut 30% of workforce
Rio Tinto is planning to cut costs and jobs in Europe by 30 per cent by the end of 2013, a union official says after meeting with company executives. “They told us that we have to reach a reduction of costs on the order of 30 per cent. This announcement will certainly worry employees,” said … Continue reading
Microsoft – Layoffs at Lionhead
Guildford studio Lionhead has endured a further misery following the launch of its poorly received Kinect exclusive Xbox 360 game Fable: The Journey. Parent company Microsoft confirmed it has issued redundancies to “less than ten per cent of staff”. In a statement sent to industry publication Develop, the platform holder added: “Following the completion of … Continue reading
Autralia – Another Qld coal miner to cut 400 jobs
A central Queensland coal mining company has announced it will cut more than 40 per cent of its workforce to try and cope with declining market conditions. Ensham Resources says the workforce at its open cut operations near Emerald, west of Rockhampton, will be cut from 900 to 500. It says the vast majority of … Continue reading
Colorado – Vestas cuts 200 more jobs
Vestas has continued its US restructuring programme and cut 200 jobs at its Windsor, Colorado blade manufacturing plant. In all, Vestas chief executive Ditlev Engel has said the company would cut 1,600 jobs if the production tax credit (PTC) was not renewed. The 200 job losses at Windsor represent 29% of the plant’s workforce. The … Continue reading
Philippines – Sunpower to cut 900 jobs
Solar panel maker SunPower Corp said it will restructure its Philippines manufacturing operations and cut about 900 jobs, citing challenging industry conditions. The company said it will temporarily idle six of its 12 lines at its cell manufacturing plant and 20 percent of its panel manufacturing in the Philippines to reduce inventory, lower operational costs … Continue reading
Europe – Deutsche Telekom to cut more jobs
Deutsche Telekom AG will have to cut more jobs to halt a slide in revenues in Europe, the German telecommunications company’s Europe chief told a German newspaper. Handelsblatt cited Claudia Nemat as saying in an interview that the company had struck an agreement with a trade union in Hungary over 500 jobs and was in … Continue reading
India – Alcatel-Lucent may cut 1,000 jobs
Struggling French telecoms gear maker Alcatel-Lucent will lay off nearly 1000 employees, or 9% of its India workforce as part of a global restructuring drive to cut costs as deals dry up and demand for network equipment plunges, two senior executives aware of the matter told ET. Bulk of the cull is likely to impact … Continue reading
Transat increases temporary layoffs
Transat increases temporary layoffs amid capacity cuts to improve profits. By Ross Marowits, The Canadian Press | September 13, 2012. Email. MONTREAL – Transat AT is set to temporarily lay off more than twice the number of pilots and flight attendants … http://www.canadianbusiness.com/article/98430–transat-increases-temporary-layoffs-amid-capacity-cuts-to-improve-profits
UK – Job cuts of 10% for cops
Almost 6800 police posts have been downsized since the 2010UK general election as a result of British austerity measures, according to a House of Commons analysis of updated Home Office figures… http://rt.com/news/uk-police-jobs-cut-838/
Deutsche Bank to Increase Job Cuts
Deutsche Bank AG (DBK), Europe‘s biggest bank by assets, will cut jobs and review its pay practices to help boost profitability as capital requirements rise and Europe’s debt crisis drags on. “Compensation practices are one important way to achieve … http://www.bloomberg.com/news/2012-09-11/deutsche-bank-plans-more-cuts-in-headcount-pay-to-reach-goals.html
Ireland – FG Wilson to cut 760 jobs
Up to 760 jobs are to be cut by a major engineering company in the North, it was announced today. FG Wilson, which is part of the international Caterpillar corporation, said the losses are part of measures to make the business more efficient and … Irish Times http://www.irishtimes.com/newspaper/breaking/2012/0913/breaking20.html Envoyé via Flipboard Envoyé de mon iPad
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