Job Market Monitor
Job cuts
ST-Ericsson will cut 1,700 jobs
Chip maker ST-Ericsson will cut 1,700 jobs and shift a key part of its product to parent STMicro, forcing the French co-owner to focus more on its loss-making and volatile wireless business. ST-Ericsson said it would partner with STMicro to develop application processors, after failing to cut a deal with one of four other companies. … Continue reading
Australia | Finance Industry Has Lost 3k Jobs in the first 4 months of 2012
A shocking 3000 jobs have been lost in Australia’s finance industry in the first four months of the year according to the National Secretary of the Financial Services Union. Though the majority of these jobs were lost in the first six weeks of the year, with the announcement from the Australia & New Zealand Banking … Continue reading
LA | Mayor calls for 669 job cuts
In his new city budget, Los Angeles Mayor Antonio Villaraigosa called Friday for the elimination of 669 city jobs -– 231 through layoffs — even as he sought increased staffing levels for police officers and the restoration of some services at the Fire Department. One-third of the jobs targeted by the mayor in his $7.2-billion … Continue reading
School layoffs | Losing teachers in Orange County
Ten districts across Orange County have released the names of hundreds of teachers and other employees facing potential layoffs. Last month, districts announced they could cut more than 1,500 school jobs as part of an effort to slash up to $269 million from budgets, prompted by the state’s ongoing budget crisis. An Orange County education … Continue reading
Wisconsin | 4,300 private sector jobs lost
Wisconsin lost 4,300 private sector jobs in March, the state Department of Workforce Development reported Thursday, bad news for Gov. Scott Walker as he nears a June 5 recall election. Since Walker took office, the state has added just 5,900 private sector jobs — far from the 250,000 Walker promised to deliver by the end … Continue reading
H.B Fuller | 130 jobs cut
The company will close six facilities and cut 90 jobs by mid-2013. In December, H.B. Fuller said it will buy Forbo’s industrial adhesives business for $395 million as it bulks up its presence in Europe. St Paul, Minnesota-based H.B. Fuller will close the former Forbo corporate and research offices in North Carolina resulting in 40 … Continue reading
Bodog | 70 Layoffs
After reports circulated earlier this week that 70 employees had been made redundant at Bodog’s UK headquarters, the site yesterday confirmed their validity in a statement issued to PokerNews while citing a restructuring effort as the reason for the shake-up… Source: Read More @ Gambling Online Magazine | News | Big Layoffs At Bodog.
Cleveland | Layoffs of 508 Teachers
The Cleveland School Board unanimously passed a good portion of the CEO’s budget recommendations at Tuesday night’s meeting – including laying off 508 teachers. The rest of the plan the was not voted on. They will vote on the remaining parts on May 4th. During the meeting Eric Gordon, CEO of the Cleveland Metropolitan School District (CMSD), … Continue reading
American Airlines | 1,200 layoffs of nonunion workers
American Airlines plans to lay off 1,200 nonunion workers by the end of the summer as it closes an Arizona reservation center and outsources skycaps and some customer service and gate agents as part of its corporate restructuring. On Wednesday, the Fort Worth-based airline outlined plans to reduce annual employee costs by $95 million for … Continue reading
Update | Sony | Cuts 326 EMI’s publishing staff
Sony to Cut 326 EMI Publishing Jobs After Purchase Closes – Bloomberg Sony Corp. (6758) plans to cut 326 jobs at EMI Publishing within two years after U.S. and European regulators approve its $2.2 billion acquisition of the U.K. music company… Source: via Sony to Cut 326 EMI Publishing Jobs After Purchase Closes – Bloomberg. … Continue reading
LA | 350 workers face layoffs after 56 courtrooms closure
A state-ordered cut of $30 million to the Los Angeles Superior Courts budget will prompt the closure of 56 courtrooms countywide, layoffs of 350 workers and the “erosion of access to justice,” an official said Tuesday. The cuts will shutter 24 civil, 24 criminal, three family law, one probate and four juvenile delinquency courtrooms, according … Continue reading
Sony | Could Layoff 60 percent of EMI’s publishing staff
The European Commission is expected to issue a ruling on Thursday in one of the music industry’s biggest deals in the past decade: Sony’s proposed $2.2 billion takeover of EMI Music Publishing. In public, Sony has said little about the deal, except to soothe fears that the combined company might dominate the lucrative publishing industry. … Continue reading
Electronic Arts Canada | 500 to 1,000 layoffs
Electronic Arts (EA) is expected to layoff between 500 to 1,000 employees this week, reports Silicon Valley blog Startup Grind. That represents up to 11 per cent of the company’s total staff, according to numbers released in EA’s latest financial statement on March 31. The video game publisher has four Canadian offices including Montreal, Edmonton’s … Continue reading
Telstra | Job cuts to come
TELSTRA has signalled it may need to cut jobs if it fails to win contracts supplying the national broadband network because there will be less work for staff as its copper network is shut down. Telstra’s co-operation with NBN Co provides for the company to receive $100 million to retrain its workers, many of whom … Continue reading
Toyota began axing 350 jobs in Melbourne
Dozens of sacked Toyota workers who were marched from their workstations by security guards will fight to get their jobs back. Toyota began axing 350 jobs at its Altona plant in Melbourne on Monday in response to weak export sales impacted by the high Australian dollar. Most of the workers were unwillingly retrenched and 80 … Continue reading
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