Job Market Monitor
Layoffs
Eletrobras / To cut 5,000 jobs in three-year
Brazilian state-run electricity utility Eletrobras expects to save 1 billion reais ($441 million) a year as a result of its employee buyout program, Chief Financial Officer Armando Casado de Araujo said on Monday. The program will cost the company about 1.5 billion reais in severance costs, Araujo said in a conference call with analysts to … Continue reading
Mortgage Jobs in US / Over 15,000 Lost in Third Quarter
It was the worst quarter since before the financial crisis for mortgage employment, which declined by more than 15,000 jobs. Even bigger losses are ahead. Continue reading
Bloomberg / To Cuts 50 Jobs in Newsroom
Bloomberg said it will cut about 2% of staff, or around 50 people in its news division as it struggles to maintain profits in a tough economic environment. Areas including sports, arts and entertainment will see the most cuts according to people familiar with the company\’s plans, although a small proportion of personnel will be … Continue reading
Bosch / Battling to avoid cutting jobs
After being hit hard by stagnation of demand linked to the continent’s debt crisis, Bosch is now battling to avoid cutting jobs at its European plants. In spite of recent growth in emerging markets, Europe still accounts for 57 % of sales and forecasts expect revenues this year to remain below the level achieved in … Continue reading
Heinz / To Cut 1,350 Jobs, Close Three Plants
HJ Heinz Co., the ketchup-maker owned by Warren Buffett’s Berkshire Hathaway Inc. (A:US) and 3G Capital, said it will fire 1,350 workers as it closes manufacturing plants in North America Continue reading
Barclays / To cut 1,700 branch network jobs says Unite union
British bank Barclays (BARC.L: Quote) is cutting 1,700 jobs from its branch network as it moves to increase automation across its branches, the Unite union said on Thursday Continue reading
Npower – RWE / To cut 6,750 jobs across Europe
German power giant RWE will cut 6,750 jobs across Europe and reduce costs by another 1bn euros, to help deal with low wholesale prices for energy and an increase in renewable capacity Continue reading
UK / Blockbuster to cut 452 jobs and close 72 UK outlets
Appointed administrators to Blockbuster have announced plans to close 72 of its 264 outlets with the loss of 452 jobs Continue reading
Lockheed Martin / To Cut 4000 Jobs
Lockheed Martin (NYSE: LMT) announced today that it will close and consolidate several of its U.S. facilities and reduce its workforce by 4,000 positions Continue reading
Liepajas Metalurgs / To cut 1,500 jobs
Up to 1,500 workers at one of Latvia\’s biggest companies will be laid off this month, reports LETA. Officials at Liepajas Metalurgs, a metallurgical company, made the announcement on Wednesday, Nov. 13. It follows after an insolvency case was launched against the financially troubled company. ”No more than 300 essential employees are expected to remain … Continue reading
Newsrooms in US / The ranks of photographers, artists and videographers have been trimmed by nearly half since 2000
The ranks of photographers, artists and videographers have been trimmed by 43% —from 6,171 in 2000 to 3,493 in 2012, according to ASNE. Continue reading
Yellow Media / To cut 10 percent of workforce
Canadian telephone directory publisher Yellow Media Ltd said it will cut 10 percent (about 300 positions) of its workforce as it sharpens its focus on its digital business. Continue reading
Greece / More layoffs ‘required’ say EC, ECB and IMF
The representatives of the European Commission, the European Central Bank and the International Monetary Fund, however, are deaf to his warnings. They are demanding additional belt-tightening measures, including more layoffs. Continue reading
Dominick’s in Chicago / 5,600 layoffs
Dominick’s officially notified the state on Oct. 30 that it is closing all of its Chicago-area stores Dec. 28, affecting a total of 5,633 workers. Continue reading
Novartis / To Cut 500 Jobs
Novartis AG (NOVN) plans to close two sites in Europe, move staff from California to the Boston area and cut about 500 jobs in an effort consolidate its research operations, especially in respiratory diseases. Novartis plans to close sites in Horsham, England, and Vienna and move cancer research from Emeryville, California, to Cambridge, Massachusetts, Eric … Continue reading
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