Job Market Monitor
Layoffs
Symantec / Cutting Up to 1,700 Jobs
Security software company Symantec may lay off as many as 1,700 employees as early as today, sources familiar with the company’s plans tell AllThingsD. The cuts are part of a company-wide reorganization first announced in January as part of a turnaround plan instituted by Steve Bennett, Symantec’s new CEO, who joined the company 11 months … Continue reading
Chicago Public Schools lays off 850 teachers and staff members
About 850 teachers and staff at Chicago Public Schools were laid off as 48 Chicago schools are set to close this month, officials said. Among those laid off are teachers, some of whom were tenured, paraprofessionals, bus aides and part-timers, all of whom were informed about the layoffs Friday, the Chicago Sun-Times reported. Some teachers … Continue reading
Bombardier / To cut more than 1,400 jobs at its railcar plant in Derby, England
Siemens AG, Europe’s largest engineering company, sealed a $2.5 billion contract to provide carriages for a London rail link, beating Bombardier Inc., which is cutting jobs at its plant in England. The order to provide 1,140 new carriages for use on the Thameslink line will be awarded to a consortium led by Munich-based Siemens, the … Continue reading
Saudi Arabia / 3M Expatriates Facing Redundancy
Saudi Arabian private companies who have not legalized the work status of their expatriate employees are planning to lay them off due to fears of expected raids by labor authorities. Some 3 million expatriate workers are threatened with redundancy. Many of these companies do not have the financial capability of transferring workers onto their sponsorships. … Continue reading
RBS / To axe 2,000 jobs in investment bank
Royal Bank of Scotland (RBS.L) said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go. Chosen excerpts by Job Market Monitor via RBS axes 2,000 jobs in shake up of investment bank | Reuters.
IBM / Starts to Cut Jobs Amid Global Reduction
International Business Machines Corp. (IBM), the world’s largest computer-services provider, began cutting U.S. jobs today as part of a global restructuring plan announced in April, a person familiar with the move said. The reduction targets employees with a range of seniority, from rank-and-file staff to executives, said the person, who asked not to be named … Continue reading
Greece / State TV shutdown – 2 500 jobs cut
Greece’s government faced an internal revolt and public outrage on Wednesday over the sudden closure of state broadcaster ERT, hours after the humiliation of seeing its bourse downgraded to emerging market status. The twin setbacks, coupled with the derailing of a troubled privatisation programme, reversed a rise in investor confidence that had prompted Prime Minister … Continue reading
‘PBS NewsHour’ to cut jobs
The “PBS NewsHour,” the signature nightly newscast on public television, is planning its first significant round of layoffs in nearly two decades. Facing a multimillion-dollar shortfall in the program’s budget, the show’s producer, MacNeil/Lehrer Productions, will close its two offices outside of the Washington, D.C., area — in Denver and San Francisco — and lay … Continue reading
Siemens / To cut 1,000 energy jobs in Europe and Asia
German engineering giant Siemens plans to cut 1,000 more domestic jobs at its energy division over the next few years, the Frankfurter Allgemeine Zeitung reported in its Tuesday edition. The company plans to initially cut 340 jobs in its energy-solutions unit in Erlangen and Offenbach, the daily newspaper said. “Siemens is thus reacting to the … Continue reading
France / Michelin cuts 700 jobs
Michelin is cutting just over 700 jobs at its Joué-lès-Tours plant in the Loire region of France. It is the latest car industry manufacturer to respond to the European downturn with layoffs. The news was not received well at the factory, which makes tyres for lorries. Patrick Fontaine, a 36-year veteran at the plant, wept … Continue reading
Billabong / More Layoffs to come ?
In more Billabong news, several senior Billabong employees in the Americas were laid off today, including well-known sales executives. Names on the list include retailer favorites Jeff Booth, Men’s National Sales Manager, Angi Broberg, Billabong Girls National Sales Manager, and Royce Cansler, who handled surf retail relations. Royce Cansler, Jeff Booth, George Karamitos of Maui … Continue reading
Games / Zynga Cuts 520 Jobs
Zynga Inc. (ZNGA), the biggest maker of online social games, said it will cut 520 jobs, or 18 percent of its staff, and close some offices amid disappointing results from its titles outside the “FarmVille” series. The reductions will save about $70 million to $80 million in pretax expenses annually, the San Francisco-based company said … Continue reading
Panasonic / To cut 5,000 jobs
In a drive to improve profits, Panasonic has announced plans to cut 5,000 jobs over the next three years. The cutbacks will hit its automotive and industrial unit, which accounts for about a third of the company’s workforce, the Nikkei reported Thursday, citing a Panasonic executive. “A reduction in labor costs will be a big … Continue reading
Australia / Queensland / Cuts in public service jobs reaches 14,000
WITH a month to go until the end of the financial year, the Newman Government has achieved its goal to reduce the public service by 14,000. A Public Service Commission spokeswoman said yesterday that 10,032 offers of redundancy had been made since July, and 9189 employees had accepted. “Almost 400 of those employees are still … Continue reading
Sibanye Gold / To Cut 1,110 Jobs
Sibanye Gold Ltd. (SGL), South Africa’s second-biggest producer of the metal, will cuts 1,110 positions at its Beatrix West mine in South Africa, fewer than first proposed, in a bid to return the operation to profit. The company will stop development at the mine, resulting in 330 job cuts and an additional reduction of 780 … Continue reading
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