Job Market Monitor
Layoffs
Salzgitter / To Cut 1,500 Jobs
Germany’s Salzgitter AG (SZG.XE) said Wednesday it will cut more than 1,500 jobs in response to the crisis in Europe’s steel industry, which prompted a profit warning from the company last week Continue reading
Cisco / To Cut 4,000 Jobs
Cisco Systems just said it plans to eliminate about 4,000 jobs starting next quarter Continue reading
South Africa’s Sibanye / To cut another 2 000 jobs
Dual-listed Sibanye Gold was set to shed a further 1 500 to 2 000 jobs through “rightsizing” the organization Continue reading
(Update) Heinz / Layoffs in Canada and US
Food company H.J. Heinz Co. is eliminating 600 jobs across the U.S. and in Canada, including 350 in Pittsburgh, nearly a third of its operation there, it said Tuesday Continue reading
Nigeria / 25,000 Jobs Lost in Vegetable Oil Industry
Vegetable oil and related products industry in Nigeria are nearing total collapse as no fewer than 25, 000 out of the 30,000 jobs in the sector Continue reading
Micron / To cut 1,500 workers
Micron Technology, Inc. has announced plans to cut about 5 percent of its global workforce on the heels of a major corporate purchase. Company officials say the cuts are designed to optimize its workforce and are not directly related to its buyout of the Japanese firm Elpida. However, Dave Petso with Petso Financial Consultants in … Continue reading
London’s railways and Tube / 6,000 jobs could go
Concerns have been raised that 6,000 jobs on London’s railways and Tube could be at risk under “secret plans” being drawn up by Transport for London Continue reading
JPMorgan Chase / To Lay Off 730 In San Diego and 475 In North Texas
JPMorgan Chase said Thursday it plans to lay off 730 San Diego workers from its loan-servicing business and 475 mortgage-related employees in North Texas Continue reading
US / NSA to to eliminate about 90 pc of its system administrators
The U.S. National Security Agency, hit by disclosures of classified data by former contractor Edward Snowden, said Thursday it intends to eliminate about 90 percent of its system administrators to reduce the number of people with access to secret information. Keith Alexander, the director of the NSA, the U.S. spy agency charged with monitoring foreign … Continue reading
Nokia / To slash 8500 jobs
The troubled Finnish telecoms giant Nokia is considering slashing 8500 jobs, or around 17 per cent of its workforce, at equipment arm Nokia Siemens Networks, which provides infrastructure for mobile carriers. Nokia’s equipment arm, which is profitable in contrast to its loss-making consumer handsets business, is under pressure as it faces increased competition from rivals … Continue reading
Metso / To cut 750 jobs
Most of the 750 jobs to be eliminated are in Finland. Continue reading
Gannett / At least 200 Layoffs
Gannett has reportedly laid off over 200 staffers in the company’s biggest round of cuts in years Continue reading
House of Raeford / Turkey plant laying off 1,000
The last day of work has come for about 1,000 employees of a House of Raeford Farms turkey plant in Hoke County. The last workers start their layoff Thursday afternoon in the rural region where unemployment was 9.2 percent in June. The plant has been processing poultry since the 1950’s and some employees have worked … Continue reading
Air France / To cut 2,500 jobs in 2014
Air France is to slash around 2,500 jobs next year Continue reading
Entergy / 800 Jobs Cut
Entergy Corp. said Tuesday that it plans to cut 800 jobs companywide, including about 165 in Arkansas Continue reading
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