Job Market Monitor
Job cuts
Trina Solar Aggressively Cuts Jobs to Reduce Spending
Although the exact number of layoffs is not yet known, SPVI has learned from Solarzoom Market Centre that around 1,850 including 200 managers out of 15,000 employed are going to lose their jobs. Moreover, the company is operating under 75% utilization… http://solarpvinvestor.com/spvi-news/329-trina-solar-aggressively-cuts-jobs-to-reduce-spending-
UK – Slowdown in public sector job cuts
Number of civil servants declined by 5,000 in quarter, and number of health workers is higher than three years ago Government plans to cut the public sector payroll appear to be faltering, as official figures revealed a sharp slowdown in job cuts across Whitehall and local government over the summer. The number of civil servants … Continue reading
Nokia Siemens to cut 400 jobs in Finland
Nokia Siemens Networks says it has started talks with employees to cut 400 jobs in Finland as part of global plans to streamline operations. The wireless network group … http://www.ipolitics.ca/2012/09/12/nokia-siemens-to-cut-400-jobs-in-finland/
GM’s Opel -1,000 German admin jobs cut
General Motors’ (GM.N) ailing Opel business in Europe plans to thin its administrative ranks by 30 percent, or 1,000 jobs, in its Ruesselsheim headquarters in Germany, newspaper Frankfurter Allgemeine Zeitung reported on Wednesday citing two unnamed board members. The cuts would be made voluntarily, without resorting to compulsory layoffs, the paper added. Opel said in … Continue reading
American Airlines – Tulsa maintenance base – 839 jobs cut
American Airlines will close its Fort Worth maintenance base by the end of the year, lay off 839 Tulsa mechanics and consolidate major aircraft maintenance operations in Tulsa and at Dallas-Fort Worth International Airport, company executives said Monday. More than 1,700 mechanics & related workers at American’s three aircraft overhaul bases will be laid off … Continue reading
Ormet – 200 layoffs in Ascension
The Ormet Corporation says about 200 of its 250 employees at its facility in Burnside, Louisiana will be laid off starting in November. The facility produces alumina, a white powder that is used in the manufacturing of aluminum. The product made at the Burnside facility is shipped along the Mississippi River to Ormet’s aluminum manufacturing facility in Ohio. Ormet … Continue reading
Canadian Diamond Mine – Massive Layoffs To Come
Operators of the Diavik diamond nine in Canada’s Northwest Territories expect massive layoffs by the end of the month, according to a report in CBC News. There are currently over 1,000 employees working at Diavik, which sits 300 kilometers northeast of Yellownknife… via Massive Layoffs Expected in Canadian Diamond Mine.
Digital Domain layoffs 280 of its 300 employees
Tuesday, Digital Domain Media Group filed for Chapter 11 bankruptcy. This comes just three days after it laid off 280 of its 300 employees at its animation studio in Port St. Lucie. That allows the company to continue to operate while it sets up a plan to pay back its creditors… via Digital Domain layoffs: … Continue reading
Royal Philips Electronics to cut 2,200 additional jobs
Royal Philips Electronics said today that it cut 2,200 additional jobs to target an extra €300m in savings from the world’s largest lighting company as economic conditions deteriorate. Philips had already targeted 4,500 job losses. Headquartered in the Netherlands, Philips employs over 122,000 employees with sales and services in more than 100 countries worldwide. With sales … Continue reading
Willow Valley Inn – 175 Layoff
Willow Valley Inn & Suites in Lancaster County will lay off 175 people in November when the hotel closes to be demolished as part of the ongoing redevelopment there, according to a letter filed with the state Department of Labor and Industry. The West Lampeter Township hotel is operated by Willow Valley Associates Inc., which … Continue reading
Kodak to cut 1,000 more jobs
Bankrupt photography pioneer Eastman Kodak Co. is losing more executives and plans to cut an additional 1,000 jobs by the end of the year as it shrinks into a commercial printing-focused company. The latest job cuts follow the reduction of about 2,700 employees globally this year, the Rochester, New York-based company said Monday in a … Continue reading
DragonWave to cut more jobs
Canadian telecom network equipment maker DragonWave Inc (DWI.TO: Quote) (DRWI.O: Quote) said it is eliminating 48 jobs as it grapples with cash burn due to its acquisition of Nokia Siemens Networks’ NOKI.UL microwave business. This is its second job cut in three months. DragonWave had cut 68 jobs in Ottawa and Israel in June. The … Continue reading
HP to cut 2,000 more jobs
Hewlett-Packard said it will slash 2,000 more jobs as the technology giant unveiled a bundle of new computers. In a regulatory filing, the Palo Alto tech company revealed it now plans to cut 29,000 jobs by October 2014, according to a report by the Associated Press. Previously, the company had said it planned to cut 27,000… … Continue reading
Direct Line – 900 jobs cut
Insurance company Direct Line Group, which is being demerged by parent company RBS, has said it will shed 900 jobs in a bid to save costs. Direct Line has launched a series of initiatives to target £100m of gross annual cost savings by the end of 2014. That includes the closure of a site in … Continue reading
Revlon to cut 250 jobs
Makeup company Revlon Inc. says it is cutting 250 jobs, or about 5 per cent of its workforce, and is closing two plants in a broad restructuring as it seeks to cut costs. Revlon, whose brands include Almay, Mitchum and its namesake, says it will close its manufacturing plant in France and its leased manufacturing … Continue reading
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