Job Market Monitor
Layoffs
Rona / Closing 11 stores and cutting 125 jobs
Rona will try to rebuild its profitability by closing 11 stores in two provinces and cutting more administrative jobs Continue reading
Sesame Street cuts Jobs
The non-profit producer of Sesame Street, Sesame Workshop, has laid off about 30 members of its workforce in order to keep up with the constant changing of digital technologies Continue reading
China / IBM to cut at least 500 job
International Business Machines Corp, the US technology giant, is cutting jobs in China after a disappointing decline in earnings. The world’s biggest computer service provider said in an e-mailed reply to China Daily on Wednesday, from its China office, that “change is constant” in the technology industry and that “transformation is an essential feature of … Continue reading
Australia / Coal miners jobs cut by Peabody and Glencore Xstrata
Peabody Energy Corp and Glencore Xstrata will cut around 500 mining jobs in Australia, a company official and trade publication says, as a global glut in coal supply pushes down prices Continue reading
Australia / 600 SA Health jobs cut
Australia. Health Minister Jack Snelling has told a parliamentary committee that 600 full time equivalent jobs would be axed over the next four years. Continue reading
Direct Line to cut 2,000 jobs
Direct Line Insurance has said that it is planning to cut 2,000 UK jobs as it steps up plans to reduce costs. The firm announced in August 2012 plans to reduce gross annual costs by £100m a year, but now plans to save more than double this target. Continue reading
Barrick Gold Corp / To lay off up to a third of staff
Barrick Gold Corp will lay off up to a third of its corporate staff at its headquarters in Toronto and other offices, sources said, as the world’s top bullion producer intensifies a downsizing plan amid a slump in the price of gold. Continue reading
Canada / Nearly 300 jobs cut at Veteran Affairs
Nearly 300 positions at Veterans Affairs Canada are being eliminated as a result of measures in the 2012 federal budget Continue reading
Yahoo / About 1,000 less employees
Yahoo’s headcount has decreased by about 1,000 employees during Marissa Mayer’s first year, through a combination of attrition and ramped-up performance management, with staffers now getting reviewed on a quarterly basis instead of every year. Continue reading
Australia / 1000 Finance Jobs Are Offshored Monthly
The financial services jobs market continues to struggle as the sector loses almost 1000 jobs a month to more cost effective offshore hubs, such as Asia and New Zealand Continue reading
US Navy / 745 Civilians Layoffs
The Navy Installations Command on Wednesday announced that it would undertake a reduction in force for 745 civilian positions Continue reading
Stora Enso Oyj / Cuts 2,500 Jobs
Stora Enso Oyj (STERV) will cut about 2,500 additional jobs, or 9 percent of its total, as Chief Executive Officer Jouko Karvinen reshapes Europe’s biggest papermaker amid shrinking markets for printed media. The reductions announced today don’t include any capacity cuts, the Helsinki-based company said in a statement today. The measures to simplify and streamline … Continue reading
British Army / Redundancy notices send to 4,480 soldiers as campaign for 10,000 new recruits is launched
More than 4,000 soldiers have been axed in the latest round of defence job cuts. The Ministry of Defence today announced 4,480 redundancy letters have been sent to troops under plans to cut the number of regulars to 82,000 by 2018. But the government was accused of a ‘failed strategy’ as it launched a recruitment … Continue reading
OneWest / To lay off 725 in Austin
Pasadena, California-based OneWest Bank will lay off 725 workers in Austin, according to a Worker Adjustment and Retraining Notification Act filing with the Texas Workforce Commission. The layoffs will take place through August 31, 2013, and will affect mostly call center workers. The move is the second-largest layoff in Texas this year, according to the … Continue reading
Commerzbank / To cut thousands of jobs worldwide
Germany’s second biggest lender, Commerzbank, has struck a deal with the staff council about planned layoffs. The cuts are to lay the ground for a profitable retail banking business. Germany’s partly state-owned Commerzbank has reached a deal with its staff council to cut 5,000 jobs globally, the business newspaper “Handelsblatt” reported Tuesday. The lender warned … Continue reading
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