Job Market Monitor
Job cuts
Best Buy | Large Stores Closing and Layoffs to Come
Best Buy Co.reported weaker-than-expected quarterly sales and said it would close 50 large U.S. stores and lay off another 400 employees, disappointing investors looking for even deeper cuts to turn around the world’s largest consumer electronics chain… Read More @ Best Buy to close stores, cut jobs on 4Q weakness – South Florida Sun-Sentinel.com.
Rio Tinto | 300 workers lose job at metal plant
The Press Association – More than 300 jobs are to be lost after mining giant Rio Tinto Alcan confirmed it will shut an aluminium smelting plant later this month. The site at Lynemouth, Northumberland opened in 1972 and employs 515 staff, alongside 111 staff who work at a power station 200 metres away. Confirming closure plans first … Continue reading
Hasbro | 170 jobs lost, mostly in U.S. and Canada
Reuters – Hasbro Inc (HAS.O) is cutting about 170 jobs as the second-largest U.S. toy company tries to recover from sluggish sales during the holiday season. Most of the jobs are in the United States and Canada, company spokesman Wayne Charness said, including “about 55” in Rhode Island where it is based. “These moves were … Continue reading
GM | Job losses to come from its European business
The Guardian – GM would stick to a labour deal that limits factory closures before 2014, Girsky indicated nonetheless that there would be job losses from its European business. “We know in the future that there may not be the same amount of people here as there are today. It is important that we create … Continue reading
Royal Bank of Scotland | Cuts 215 U.K. Jobs
Bloomberg: Royal Bank of Scotland Group Plc, Britain’s largest government-controlled lender, said it was cutting 215 U.K. jobs and moving the posts overseas. The cuts will fall on support staff at the bank’s finance division, mainly in Edinburgh and London, a spokesman said. The reductions are in addition to the 6,800 job losses announced since … Continue reading
NZ | Government | 2500 jobs to save $20m
A squeeze on state service backroom functions has saved just $20 million in two years, Treasury boss Gabriel Makhlouf has revealed. The Government has shed more than 2500 jobs in the past three years and ordered chief executives to shave their IT and human resources bills as part of a drastic overhaul of the public … Continue reading
UK | BAE axing around 2,000 jobs, ending nearly 100 years of aircraft manufacturing in Brough
BAE Systems, Britain’s biggest defence contractor, has brushed aside a plea by David Cameron to save high-level manufacturing jobs and is proceeding to axe around 2,000 posts. The worst-hit plant will be Brough in East Yorkshire, where BAE is to make 750 compulsory redundancies and end manufacturing – a move described by trade unions as … Continue reading
Billy Graham Association | 10 % of its workers laid off
The Billy Graham Evangelistic Association has laid off about 10 percent of its workers, which it says is part of a strategic move to emphasize its online ministry and other priorities. The agency said fewer than 50 employees lost their jobs. The association, which evangelist Billy Graham started in 1950, spreads the Gospel to a … Continue reading
New Brunswick | Industrial Rail Services facing major layoffs – – CBC News
The issue means 200 employees at Industrial Rail Services could be affected, depending on how long it takes to fix the problem, according to Dick Carpenter, the company’s president… via Via Rail car restorer facing major layoffs – New Brunswick – CBC News.
Canada | Federal Budget | Job cuts will be modest: Baird | Toronto Sun
Cuts to the public service will occur “overwhelmingly” by attrition — and not by deep cuts, Foreign Affairs Minister and Ottawa West-Nepean MP John Baird told the Sun on Tuesday. Trying to send a calming message to skittish civil servants, Baird said federal budget cuts will be “like nothing” that took place in the 1990s. … Continue reading
PepsiCo layoffs will hit Westchester harder; 145 jobs will be cut | LoHud.com
Westchester County will bear more than its share of PepsiCo’s latest cost-savings measures. While the Purchase-based global food and beverage giant trims 2 percent of its employees around the nation, the local workforce — about 3,000 people in the county — will be cut by almost 5 percent, a company spokesman said. PepsiCo expects to … Continue reading
RSM to cut 300 jobs and close offices | Manchester Evening News – menmedia.co.uk
Accountants and business advisers RSM Tenon has signalled hefty job cuts and a series of office closures as it seeks to slash costs and return to profit. The firm, which employs more than 500 staff in the north west across offices in Manchester, Bolton, Rochdale, Chorley and Preston, aims to reduce its workforce of just … Continue reading
IBM Layoffs Exceed 800, Workers Say – Services – Outsourcing – Informationweek
IBM has laid off more than 800 workers at locations across the U.S. in the past 24 hours, according to company sources and documents obtained by InformationWeek. Many of the cuts appear to target the company’s Global Technology Services outsourcing group. Some 183 workers were laid off in the GTS application hosting unit, 179 were … Continue reading
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