Lexmark is cutting 1,700 jobs, or almost 13 per cent of its workforce, and says it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets. The printer and software company said Tuesday that it will close its inkjet supply plant in the Philippines … Continue reading
Sony Mobile is cutting 1,000 jobs from its phone division after posting record losses this financial year. The embattled Japanese company posted record losses of US$5.6bn in March this year, with two-thirds of the jobs cut to fall on its Sony Mobile division in Lund, Sweden. The loss-making electronics firm reveals the job losses are … Continue reading
Uncertainty over the Eurozone debt crisis and stagnant growth in economies all over the world has forced businesses to cut back on growth expectations. These concerns have forced the firm to consider cutting employees from its UK offices. KPMG has not announced any layoffs in over 10 years. The firms were an unexpected announcement and … Continue reading
Apple UK, US, and Canada have all reported huge layoff numbers across Apple retail store outlets. Recent training groups all within their probationary period have been given the pink slip. We even hear recently promoted Apple employees being demoted back down to their original positions, all while part-time employees disappointingly discover zero hours per week … Continue reading
More than 100 employees of the Beijing branch of Motorola Mobility demonstrated in front of the company’s building on Friday, protesting massive staff cuts. Staff members of Motorola Mobility Holdings Inc in Beijing protest in front of the company’s office building on Friday demanding “consultation on an equal footing”. [Provided to China Daily] On Monday, … Continue reading
The western Massachusetts company that has provided the paper used to make U.S. currency since 1879 has announced plans to lay off 55 workers. Dalton-based Crane & Co. says the job eliminations announced Wednesday are part of a consolidation plan to rejuvenate the 211-year-old paper company’s stationery business. The Berkshire Eagle reports that layoffs will … Continue reading
Approximately six months after International Paper took over the Bogalusa paper mill and box plant from Temple-Inland and three months after company officials joined Gov. Bobby Jindal in announcing a $44 million investment at the facility, IP confirmed that it laid off “less than 20” of its box plant employees. IP Spokesman Scott M. Sauer … Continue reading
Several hundred people could soon lose there jobs at three restaurants on the Las Vegas Strip. The “Review-Journal” reports Red Square, China Grill, and Red, White and Blue inside The Hotel at Mandalay Bay will close November 18th. Over 350 workers are expected to be laid off… via Layoffs Coming As Several Restaurants Close « … Continue reading
Recent trends in the national labor market demonstrate the harm inflicted on the economy by cutting government spending and laying off government employees in the middle of an already challenging economic recovery. Just as with private sector layoffs, government layoffs increase the number of people out of work. And given that there are already nearly … Continue reading
The nation’s providers of civil legal assistance predict that funding cuts will leave them no choice this year but to lay off about 8 percent of lawyers and support staff, close branch offices and narrow the types of services they provide, Legal Services Corp. announced on August 15… via More legal aid lawyers on the … Continue reading
Big banks are unlikely to be broken up — but they will keep getting smaller by getting rid of a large numbers of workers. Wall Street financial firms cut more than 75,000 people in 2011, and their employees are bracing for another round of layoffs. Analysts estimate that Wall Street banks will have roughly 10 … Continue reading
More than 1,000 people are slated to be laid off at financially-troubled SUNY Downstate Medical Center in the next year — with hundreds now getting word they’re being axed. One of every eight employees at the cash-strapped hospital’s East Flatbush and Cobble Hill facilities are being let go, according to Brooklyn pols who have asked … Continue reading
ThyssenKrupp Steel USA announced plans Monday to lay off nearly 200 workers from its Calvert plant of more than 1,600 people. The German Steel Company said the reduction of their workforce by 197 jobs, of which 143 are hourly positions, is due to “the increasing costs of raw materials used by the plant and slower … Continue reading
Vestas on Monday confirmed an undisclosed number of workers at its Pueblo tower plant received layoff notices as the wind turbine maker began a pullback due to slumping U.S. orders. The company declined to give a specific number of job cuts but outside observers estimated the layoffs could affect about 90 of the plant’s 450 … Continue reading
It seems that Apple is in the midst of reducing the working hours of staff at its retail stores, and even laying off those recently taken on. Apple has reportedly been making cuts to its retail workforce, many of them new employees fresh out of the store’s training program. Apple fan site MacRumors said that … Continue reading