Job Market Monitor
Layoffs
Deutsche Bank – New layoffs to come
Deutsche Bank AG (DBK), Germany’s biggest bank, plans to cut more jobs at its investment bank to lower costs as business stagnates, two people with knowledge of the plan said. The bank is weighing the reductions, which come in addition to the 2,000 announced in 2012, over the coming months across its corporate finance, capital … Continue reading
UniCredit – To cut cut 8,500 jobs by 2018
Leading Italian bank UniCredit has posted a massive loss of 14 billion euros for 2013. Much of that was as it wrote off bad loans that it knows will never be repaid, along with so-called goodwill – the paper value of assets – in Italy, Austria and central and eastern Europe. The writedowns are to … Continue reading
Michelin in Canada / To cut 500 jobs
French tyremaker Michelin (MICP.PA: Quote) said on Monday it would gradually reduce production at a Canadian plant by mid-2015, cutting about 500 jobs and booking a provision of C$87 million ($78.52 million) in the first half of this year. Chosen excerpts by Job Market Monitor. Read the whole story at Michelin to cut 500 jobs at … Continue reading
Heinz in Canada / 250 workers would keep their jobs consortium with an agreement to buy
H.J. Heinz Co. reached a deal to sell a factory in Canada that the Pittsburgh company planned to close in restructuring North American operations. Heinz said on Thursday that Highbury Canco Corp., a Toronto-based consortium of investors including the plant’s manager, agreed to buy the Leamington, Ontario, plant and become a contract manufacturer for some … Continue reading
Novartis – Up to 3,000 job cuts in just 4 months
Unlike every other Big Pharma company in the world, Novartis ($NVS) tends to prefer to communicate rather selectively when it chops a facility here or winnows out its ranks over there in its global structure. Specifics on the secretive Basel-based company tend to leak out through local reports, if at all, with releases targeted at … Continue reading
Wells Fargo / To cut 700 jobs in mortgage
Wells Fargo said Wednesday that it will lay off 700 workers, adding to the tens of thousands who have lost their jobs industry-wide after rates jumped last year. The San Francisco bank said the cuts included 203 employees in the Minneapolis-St. Paul Area, according to my colleague Jim Hammerand at the Twin Cities Business Journal. … Continue reading
Best Buy in US / To cut 2,000 managers
Best Buy Co. Inc. apparently told about 2,000 managers around the United States on Wednesday that they were being laid off, a move that would be the company’s biggest job reduction since July 2012 as it continues to cut costs following a weaker-than-expected holiday season. The layoffs will affect about 1.4 percent of Best Buy’s … Continue reading
Sony in US / Closing 20 stores and cutting 1,000 jobs
Sony warned earlier this month about significant and serious reorganization changes coming this year, and now they’re becoming a reality for many employees in the United States. The consumer tech giant announced on Wednesday morning that it will be shuttering 20 stores. This in turn will result in approximately 1,000 layoffs at these locations nationwide. … Continue reading
IBM / Union Expects as many as 15,000 job cuts worldwide
The IBM (IBM) employee union Alliance@IBM is buzzing with rumors the vendor will begin a new round of layoffs today (Feb. 26) that workers fear could hit as many as 15,000 jobs worldwide. With IBM chief financial officer (CFO) Martin Schroeter on record saying the vendor will spend up to $1 billion on “workforce rebalancing,” … Continue reading
JPMorgan Chase / To cut 5,000 jobs
US banking giant JPMorgan Chase Tuesday said it would eliminate 5,000 jobs from its global workforce this year. JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presentation posted to the JPMorgan website ahead of an investor day. A major unit … Continue reading
Ghana / 600 jobs cut at Newmont Mines
Newmont Ghana, a subsidiary of US-based Newmont Mining Corp. has revealed plans to cut up to 600 jobs in its two operating mines by the end June, due to ageing facility and slumping gold prices. The planned cuts, mostly at Ahafo mine, became necessary to help readjust expenditures to the ageing milling rate, ensuring the … Continue reading
Qantas / To cut 5000 jobs
QANTAS is gearing up to axe 5000 jobs and sell its terminal at MelbourneAirport to prove to the Abbott Government it can make the tough business decisions required to obtain federal assistance. The airline may also take the razor to its budget offshoot Jetstar, slashing jobs and routes, as it lobbies the Government to provide … Continue reading
Royal Bank of Scotland / To cut up to 30,000 jobs
The Financial Times and the Daily Telegraph reported Friday that Royal Bank of Scotland would soon announce job cuts of between 20,000 and 30,000. They assumed the lender – owned 80 percent by the taxpayer – would inform the public about its plans while presenting an earnings report next week. The media reports suggested the … Continue reading
Outsourcing at Delta / To lay off 741 in Detroit
Atlanta-based Delta Air Lines Inc will job out maintenance and service worker jobs at Detroit Metropolitan Wayne County Airport with layoff notices coming in April, reports The Detroit News. The job cuts affect 741 workers, but just how many will remain out of work is unclear, the paper said. Chosen excerpts by Job Market Monitor. Read … Continue reading
IBM / to cut 15,000 jobs, starting in India
Technology giant IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region. “The estimate of jobs cut globally is 15,000,” international coordinator at the Alliance@IBM (official IBM employees union) Lee Conrad told PTI. Though the exact number of job cuts in … 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 