Job Market Monitor
Layoffs
Siemens-Unify – To cut 3,800 jobs
Unify – formerly Siemens Enterprise Communications – is cutting its workforce in half to focus on software over hardware. The vendor is slashing 3,800 jobs from its global headcount of nearly 7,700. Central Europe will be the worst hit, accounting for 50 percent of the cuts, according to a statement from the company. “This transformation is … Continue reading
Alitalia – Up to 2,500 layoffs expected says Italian Labor Minister Giuliano Poletti
Between 2,400 and 2,500 layoffs are expected at Italian flag carrier Alitalia once a major investment deal has been made final with Etihad Airways, Italian Labor Minister Giuliano Poletti said Tuesday. “At least with regard to those in the public sector. Then we will have to see, once there is substantial discussion between the two … Continue reading
Siemens – To cut 11,600 jobs but CEO calls job cut reports incorrect
German industrial giant Siemens plans to eliminate around 11,600 jobs around the world as part of a major restructuring, a company spokesman says. “These jobs will be cut,” the spokesman told AFP on Friday, confirming remarks made by chief executive Joe Kaeser to a conference of investors and analysts in New York on Thursday. The … Continue reading
BHP and Rio Tinto in Australian – Further job cuts to come
Mining majors BHP Billiton and Rio Tinto have warned that the Australian mining industry will witness more mine closures and job losses this year due to the combination of high costs, high taxes and strong currency. BHP Billiton global coal president Dean Dalla Valle was quoted by The Sydney Morning Herald as saying that the … Continue reading
Wal-Mart Canada – 750 layoffs
Wal-Mart Canada has confirmed it laid off hundreds of employees across the country earlier this month in a move to rework its management structure. The Arkansas-based retailer said it eliminated 750 jobs — which is says represented less than one per cent of staff — after testing a new management structure in select stores. As … Continue reading
Hewlett-Packard – To cut another 16,000 jobs worldwide
Hewlett-Packard plans to cut as many as 16,000 more jobs as chief executive Meg Whitman intensifies her efforts to turn around the personal computer maker. Whitman, who has already axed 34,000 posts in her two years at the helm, said the fresh job cuts were necessary to streamline the business across its broad portfolio, which … Continue reading
Lloyds Banking – To cut 645 jobs
Lloyds Banking Group is to cut 645 jobs in its consumer finance, retail and commercial banking departments as part of a strategic review. It said there would be 580 actual reductions as 65 new roles will be created across Lloyds Banking Group + Chosen excerpts by Job Market Monitor. Read the whole story at Lloyds Banking Group … Continue reading
Heinz – 250 jobs safe at Leamington
The H.J. Heinz Co. has completed the sale of its Leamington plant. The food giant said in a statement released early Wednesday that it has sold it’s 105-year-old tomato processing plant to Highbury Canco, which will begin operating the plant on June 27. Highbury Canco will take over “all aspects of the operation,” according to … Continue reading
Qantas – As many as 300 pilots could be laid off
Qantas has started a major pilot redundancy program for the first time in decades that will ultimately target as many as 300 pilots it believes are excess to the financially troubled and shrinking airline’s needs. The company has not specified how many jobs it will target in the first round, but it is believed to … Continue reading
Boston Fed / To cut 160 jobs
The Federal Reserve Bank of Boston will cut nearly 15 percent of its workforce in the next three to four years — the largest layoff at the institution in more than a decade. Last week bank officials informed 160 employees — an entire division — that their jobs would be eliminated because a key customer, … Continue reading
Barclays – To cut 19,000 jobs over three years
As part of a new strategy, the investment part of the bank will lose about 7,000 jobs by the end of 2016. Barclays’ investment bank has been hit by a slowdown in the demand for government and company debt. Barclays will also set up a “bad bank” which will eventually sell or run down £115bn … Continue reading
Canada – Jacob retail chain closing its 92 stores – 2,000 jobs gone
After years of financial struggles, the Jacob retail chain announced Tuesday it is closing its 92 stores across Canada. “It’s a very sad day for retail in Quebec,” said analyst Terry Henderson of J.C. Williams Group. “Joey Basmaji was an icon,’’ he said of the founder of the family-owned fashion chain.Stores will remain open for … Continue reading
Ashland (maker of Valvoline) – To cut 800 jobs
Covington-based Ashland Inc. announced Wednesday it will reduce its global workforce by 800 employees, or 5 percent by the end of 2014. The jobs eliminations will come through a voluntary severance program or layoffs. Ashland did not disclose the location of the layoffs. The company employs 15,000 workers at 29 manufacturing facilities in 17 countries … Continue reading
Barclays – Could cut 7,500 jobs
Barclays Plc (BARC), the U.K.’s second-largest bank by assets, could eliminate 7,500 jobs at its investment bank to improve returns at its securities unit, according to a report by Sanford C. Bernstein. The European fixed-income, currencies and commodities business, or FICC, may be the hardest hit, with about 5,000 job losses, analysts led by Chirantan … Continue reading
Teck to cut 600 jobs as profit drops, defers Quintette coal mine restart – The Globe and Mail
Hit by low commodity prices Teck Resources Ltd. is cutting 600 jobs and deferring the reopening of its in British Columbia until market conditions become more favourable. Chosen excerpts by Job Market Monitor. Read the whole story at Teck to cut 600 jobs as profit drops, defers Quintette coal mine restart – The Globe and Mail. Related … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 