Job Market Monitor
Job cuts
U.S. planned layoffs at 13-month low in June but up 15.2 percent from the first six months of 2011 – Education leading
The number of planned layoffs at U.S. firms fell in June to its lowest level in over a year, suggesting employers were not rapidly downsizing even as the economic recovery slows, a report on Thursday showed. Employers announced 37,551 planned job cuts last month, down 39.3 percent from 61,887 in May, according to the report … Continue reading
Asia: Investment banks launch round of job cuts
Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe’s debt crisis and China’s economic slowdown bite into the region’s financial activity. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the past three weeks, a cull that … Continue reading
In The News | Global Recession, Less Government Solves Unemployment, Layoffs, Migrants in UK and More
Marc Faber, Global Recession 2013 a Sure Thing | readtheticker safehaven.com – Marc Faber doesnt make 100% calls very often, sure he makes a lot of calls, but when he make a call that he says is 100% chance of occurance its worth making a note of. When you here a fundamental … JobMarketMon Business Young … Continue reading
HP | As many as 25,000 job cuts could be coming
Hewlett-Packard Co. is considering cutting as many as 25,000 jobs, or 8% of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said. The number to be cut includes 10,000 to 15,000 from Hewlett-Packard’s enterprise services group, which sells a range of … Continue reading
Staples | 500 layoffs, 200 in United States
Office supply giant Staples Inc. said Wednesday that it has cut 500 jobs worldwide as first-quarter profit fell 6 percent to $187 million. The Framingham chain eliminated 200 positions in North America, including a majority at its headquarters, as well as at an office in Toronto. Staples declined to identify how many people lost their … Continue reading
T-Mobile | 900 new layoffs
When T-Mobile USA laid off thousands of workers in March, it wasn’t quite done handing out the pink slips. On Tuesday T-Mobile said it would enter into its next phase of restructuring, which means 900 more layoffs on top of the 1900 job cuts it has already made. via T-Mobile USA starts round 2 of … Continue reading
Credit Suisse | To fire 126 employees in the New York area
Credit Suisse Group (CSGN.VX) plans, according to a notification the bank sent to New York State’s Department of Labor on Tuesday. The layoffs, which will extend through August 6, follow the elimination of jobs of 109 people in New York earlier this year. The filing did not disclose the level of seniority nor the business … Continue reading
Pfizer | Layoffs at Manitoba PMU plant
Drugmaker Pfizer’s restructuring of its estrogen extraction plant at Brandon, Man. calls for about 40 per cent fewer employees by the end of next year. The company processes conjugated estrogen from pregnant mares’ urine (PMU) at Brandon to make the hormone replacement therapy Premarin, used to treat menopausal symptoms in women. Pfizer said Tuesday it … Continue reading
South Africa’s police to cut 9000 jobs
South Africa’s police service should reduce staff numbers by 9000, the National Treasury has recommended, according to a report on Monday. According to a Treasury report submitted to Parliament last week, this could see the police service placing a moratorium on the recruitment of new members from 2013, Beeld newspaper reported. Dianne Kohler-Barnard, DA MP … Continue reading
UK | More than 60,000 NHS jobs ‘at risk’
More than 25,000 National Health Service posts have been abolished in the past two years and more than 60,000 further jobs are at risk, according to the Royal College of Nursing. Government proposals to move care of many patients from acute hospitals to community settings are branded a “facade” by the nurses’ representative body in … Continue reading
India | SKS to cut 1,200 jobs
SKS Microfinance Ltd(SKSM.NS), the only listed microfinance company in India, said on Thursday it planned to reduce its headcount by a third and shut some branches in Andhra Pradesh state amid mounting losses. SKS’ business in Andhra Pradesh, which was a microfinance hub earlier, has been hit after the state government imposed a set of … Continue reading
University of Miami medical school | Up to 800 layoffs
The University of Miami medical school plans to lay off up to 800 workers in administration and research to deal with reduced government and private funding Up to 800 people will lose their jobs under a major restructuring at the University of Miami medical school, President Donna Shalala said Tuesday. State budget cuts, less research … Continue reading
Australia | 4200 goverment jobs slashed
Thousands of Canberra-based public servants will lose their jobs to help get the economy back in the black, under a federal budget that pushes a new round of middle-class welfare initiatives. In the biggest attack on the federal bureaucracy since the late 1990s, when John Howard came to power and put the ACT into recession, … Continue reading
Rochester | Kodak announces 140 more job cuts
As bankrupt Eastman Kodak Co. looks to eliminate costs, one expense being cut particularly severely is workers. In the 15 weeks since Kodak filed for Chapter 11 bankruptcy protection on Jan. 19, the printing and imaging company has notified the state Labor Department six separate times of layoffs to its Rochester-area workforce. The most recent … Continue reading
UPDATE – Lufthansa | No more rumored : 3,500 jobs cut
Lufthansa to cut 3,500 jobs Lufthansa on Thursday unveiled plans to cut 3,500 jobs as it reported a worse than expected operating loss of €381m in the first quarter of 2012. Analysts had been expecting a loss of €273m for the three months to March 31 but were reassured by how Europe’s largest airline by … Continue reading
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