Job Market Monitor
Job cuts
Canada Budget 2012: Federal Government Job Cuts and Grads
With the Harper government promising to slash 19,200 federal public service jobs, there is one group of people who stand to lose the most — the students and graduates working to become the next generation of civil servants. It’s a reality Sean O’Brady is acutely aware of as federal layoff notices go out this week, … Continue reading
UK | Capita to cut up to 400 jobs
Outsourcing firm Capita is set to cut up to 400 jobs across the UK. Unite said that as part of the company’s proposal, Capita would also offshore a significant number of staff to India. The trade union said it may consider an industrial action ballot, in response to the moves. The staff affected are understood … Continue reading
Australia | Metcash cuts 478 jobs
METCASH, the grocery wholesaler that owns the IGA and Franklins chains, will restructure its business, cut 478 jobs and incur one-off charges to position the company for ongoing difficult trading conditions… Source: Read more @ Metcash cuts 478 jobs in sweeping restructure | The Australian.
Canada | Tomorrow announcement | Federal public employees anxious as job cuts loom – CTV News
Axe to fall on public service Wednesday, say unions The axe hovering over the head of Canada’s public service is expected to begin falling Wednesday when thousands of public servants will receive notice their positions with the federal government are being eliminated. Unions representing government employees say the workforce-adjustment notices have begun “pouring in” from … Continue reading
Dow shutters plants on 3 continents, cuts 900 jobs, in response to economic woes in Europe | CanadianBusiness.com
Dow Chemical will cut 900 jobs and shutter plants on three continents because of weakness in Europe, which may soon tip back into recession of it has not done so already. Dow was ravaged during the global and economic crisis that struck four years ago, cutting more than 10,000 positions then. CEO Andrew Liveris has … Continue reading
Yahoo layoffs coming next week
Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo’s product, research and marketing groups, according to the … Continue reading
Comet confirms Hull call centre closure and layoffs
Hundreds of jobs are to be lost in Hull after electrical retailer Comet announced it was closing a call centre in the city. Comet said last year it would close a site in Hull or Clevedon, near Bristol, as part of a restructuring programme. It has now confirmed it is closing the centre in George … Continue reading
North-East UK | 450 jobs go
MORE than 450 North-East workers were facing redundancy last night after another grim day for the regional economy. Two of the North-East’s major employers announced the bad news as an international think-tank said the spectre of a UK double-dip recession was now a reality. About 350 jobs are at risk at the Kerry Foods processing … Continue reading
Germany | Schlecker | 12,000 jobs lost
Nearly 12,000 employees of a struggling German drugstore chain faced an uncertain future on Thursday after a rescue package was blocked by the Free Democrats. The junior partner in Chancellor Angela Merkel’s coalition government opposed a 70-million-euro loan guarantee. The package would have backed a retraining and job placement scheme for Schlecker employees. Katja Deuser, … Continue reading
VG247 | GAME stores shuttered, 2,104 jobs cut
MCV has a full list of the 277 GAME and Gamestation stores closed during the first day of administration by PWC. While the firm said earlier that it believes there is still room for a high street specialist chain, it made significant closures across the UK and Ireland; up to 300 outlets are expected to … Continue reading
Nokia | 1,000 job cuts in Finland – Reuters
Nokia (NOK1V.HE) finished on Thursday job cut talks with the staff at its plant in Salo, Finland, resulting in planned lay-offs of up to 1,000 people. The jobs at the last large cellphone manufacturing plant in Western Europe will be cut gradually through 2012, with most cuts happening by the end of June, the company … Continue reading
UK | 1,800 jobs cut under MoD reforms – The Guardian
In a written statement to Parliament, defence personnel minister Andrew Robathan said he regretted the uncertainty and anxiety caused to staff involved but said the Government “can and will” make changes in guarding and civil policing. Under the measures, the MoD Police is to downsize from a current strength of just under 3,100 to about … Continue reading
Exar Cutting More Than 30% of Jobs
The chipmaker Exar this morning said it has expanded its cost reduction program, cutting about 120 jobs, or about 30% of worldwide headcount. The move is intended to save about $12 million a year, about 30% of that in operations and 70% in R&D and SG&A. The cuts follow a previous round of cuts in … Continue reading
Balfour Beatty | 12,000 jobs at risk
Britain’s biggest construction company Balfour Beatty (BALF.L: Quote) has warned all its 12,000 staff in the UK that their jobs are at risk, the construction industry magazine Building reported on Wednesday. Read More @ Balfour Beatty warns 12,000 jobs at risk: report | Business | Reuters.
Daio Paper Corp. to cut 900 jobs
Daio Paper Corp. will cut 900 jobs within three years by not replacing retiring workers, it said in a statement. Daio expects the job cuts to lead to about 5.5 billion yen of savings annually. The stock slipped 1.2 percent to 498 yen. via Ashok, Cheung Kong, Hankyu, Nippon, Suzlon: Asia Stock Preview – Bloomberg.
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