Job Market Monitor
Layoffs
Valeant Pharma ( Bausch & Lomb ) / To cut 10-15 percent jobs
Canada’s Valeant Pharmaceuticals International Inc (VRX.TO: Quote) (VRX.N: Quote), which has offered to buy Bausch & Lomb Holdings for $8.7 billion, said it may slash 10 to 15 percent of the combined company’s workforce. Valeant, which expects to get regulatory nod by early August, said severance plans for the United States and Canada have been … Continue reading
FedEx / Employee fired after throwing packages (video)
FedEx / Employee fired after throwing packages (video) Continue reading
General Electric / To cut 600 jobs in France
General Electric is to cut 600 jobs in France, mostly at its finance arm, a union official said on Friday, as it seeks to cut back on the division’s activities in the wake of the banking crisis Continue reading
Wall Street / Biggest Job Cuts Yet to Come ?
Wall Street firms must cut more jobs to boost their return on equity and satisfy shareholders, said Meredith Whitney, a banking analyst and founder of Meredith Whitney Advisory Group LLC Continue reading
BlackBerry / 250 layoffs in product testing
BlackBerry Ltd. – A total of 250 employees at the company’s New Product Testing Facility in Waterloo were given notice earlier this week Continue reading
Canada / Sun Media continues death by 1,000 cuts says CWA
Death by a thousand cuts continues apace at Sun Media, which today announced it is shuttering 11 titles and axing 360 jobs says CWA Continue reading
Lonely Planet / Laying off several dozen top editors and publishing staff
Lonely Planet announced last week that it is laying off several dozen top editors and publishing staff Continue reading
Russia / Automakers have cut jobs by 30% over 5 years
Over the past five years the number working in the Russian vehicle production fell by 29%. Output increased by 24% proving the sector has become more productive. Since April 2012 car manufacturers cut 5% of their work force bringing the total number employed to 244,000, business daily Vedomosti reports. Most jobs were cut after the … Continue reading
US Airways / Pittsburgh has lost 10,000 and about 460 daily flights since summer 2001
Pittsburgh, which lost 10,000 US Airways jobs and about 460 daily flights since summer 2001, stands to lose again — and the airline workers, political leaders and others feel betrayed Continue reading
Datacenter and IT job / Will cloud adoption bring about an apocalypse?
Will cloud adoption bring about an apocalypse? Jason Perlow and David Gewirtz look at the question Continue reading
US Mining / Drummond to lay off 425 mine workers
(Chosen excerpts by Job Market Monitor) – Up to 425 miners for the Drummond Co. in US , Jefferson and Walker counties will be laid off starting Sept. 9, according to media reports. The reports cite a notification that the Birmingham company is required to file with the state. Drummond said in a letter sent Monday to … Continue reading
BlackBerry / Planning to cut a large share of jobs
Research In Motion is planning to cut a large share of jobs — mostly middle management — on top of the 5,000 employees it laid off last fiscal year. Continue reading
Ghana / Mining companies to trim operations by 3,500
More than 3,500 permanent jobs will be lost in an industry that has enjoyed a decade long boom as falling gold prices and rising cost blight the industry Continue reading
Hungary / Panasonic closes plant, 550 jobs cut
Japanese electronics giant Panasonic said Friday it will close its only European solar cell plant in Hungary, resulting in the loss of 550 jobs. The assembly factory will end production in September before its official closure in March, a Panasonic spokeswoman in Tokyo said. But the firm will maintain its overall global solar cell production … Continue reading
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people Continue reading
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