Job Market Monitor
Layoffs
Johnson & Johnson – To Cut About 3,000 Jobs in Medical Devices
Johnson & Johnson said Tuesday that it plans to cut about 3,000 jobs over the next two years as the health care conglomerate works to restructure its medical devices business. The New Brunswick, New Jersey, company said that amounts to more than 2 percent of its global workforce of around 127,000 people and 4 percent … Continue reading
DuPont – To cuts 1,700 jobs
Chemical maker DuPont Co (DD.N) said it would cut 1,700 jobs in Delaware, as part of a previously announced plan to reduce its workforce before combining with Dow Chemical Co (DOW.N) in a $130 billion megamerger. The job cuts in the state, which has been its home for more than 213 years, will take place … Continue reading
Toshiba – To cut 7,000 jobs in PC and TV units
Japan’s Toshiba Corp (6502.T) said on Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal, in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job … Continue reading
Royal Dutch Shell – To cut around 2,800 jobs
Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc. That equates to 3 percent of Shell and BG’s combined workforce as The Hague-based company consolidates offices and its administration structure once the acquisition is completed, it … Continue reading
Toshiba – To cut up to 7,000 jobs
Toshiba Corp is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported. Most of the 6,000-7,000 job cuts will be in the company’s lifestyle segment, which includes consumer appliances, the newspaper said. Toshiba is also looking to “drastically” reduce … Continue reading
Mining – Anglo American to Cut 85,000 Jobs
The pain among energy and mining producers is growing more acute as prices of global commodities continued their collapse on Tuesday.The newest victim is the London-based mining firm Anglo American. On Tuesday, the company announced a drastic restructuring, which includes expanding job cuts, suspending its dividend, reducing its business unit and cutting its assets. Anglo … Continue reading
Lloyds – To cut 945 jobs
Lloyds Banking Group Plc, Britain’s largest mortgage provider, plans to eliminate a net 945 jobs across operations, including staff at its branch network, as part of broader cost cuts announced last year. The cuts are part of a plan to pare about 9,000 jobs by 2017, the London-based bank said on Thursday. The job losses … Continue reading
Maple Leaf Foods – To cut more than 400 jobs, 3% of workforce
Maple Leaf Foods Inc. (MFI.TO 0.00%) said it would cut more than 400 jobs, or about 3 per cent of its work force, nearly a month after the Canadian meat packer pushed back its timeline for hitting a key profitability target. Maple Leaf, one of Canada’s biggest pork processors, said on Wednesday the majority of the … Continue reading
Job Cuts in Oil and Gas – More than 250,000 around the world
The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come, according to industry consultant Graves & Co. “I was surprised it’s gotten this far,” John Graves, whose Houston firm assists in oil and gas deals with audits and due diligence, said … Continue reading
Long-Term Impact of Mass Layoffs – As layoffs increase by 1%, total labour force shrinks by 0.15 percentage points
When 1% of a county’s labour force is laid off, the county’s total labour force shrinks by 0.15 percentage points within three years. Between 2001 and 2011, internal migration, take-up of disability insurance, and early retirement account for three-quarters of the decline in the labour force following a significant economic downturn, with internal migration accounting … Continue reading
Finning International – To cut 1,100 jobs due to weak Caterpillar sales
Canada’s Finning International Inc, the world’s biggest dealer of Caterpillar Inc equipment, said it would cut 1,100 jobs in Canada and South America due to weak sales. Source: Canada’s Finning to cut 1,100 jobs due to weak Caterpillar sales | Business | Reuters
Monsanto – Slashing 2,600 jobs
Monsanto Co, one of the world’s largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. Chosen excerpts by Job Market Monitor. Read the whole story at Monsanto slashing 2,600 jobs, buying back shares as sales fall | Reuters
Caterpillar – To cut up to 5,000 jobs by end of 2016
Shares of heavy-equipment maker Caterpillar (CAT) are down sharply after the company said today it is cutting its sales outlook for the year and will slash as many as 5,000 jobs between now and the end of 2016 in a cost-cutting move amid tough conditions in its energy, mining and construction businesses. Caterpillar also warned that total layoffs could … Continue reading
Alberta – From labour shortages to 35,000 oilpatch jobs lost
Less than a year ago, Alberta was still complaining of a labour shortage. Schools couldn’t find bus drivers, job vacancy rates were the highest in the country. It’s no secret that the situation has changed. The Canadian Association of Petroleum Producers says that 35,000 oilpatch jobs have been cut this year, 25,000 from the oil … Continue reading
Panasonic – 1,300 jobs cut in Beijing
Electronics giant Panasonic on Thursday said it will stop making lithium-ion batteries and will shut down the factory that produces the batteries in Beijing. The company will cut 1,300 jobs as it aims to produce higher-grossing items such as electric car batteries. The plant has been open for 15 years and produces batteries for simple … 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 