Job Market Monitor
Layoffs
Carlsberg – To cut jobs in the hundreds in Russia, Europe and Asia
Carlsberg A/S, the world’s fourth-biggest brewer, plans more job cuts across the globe as it struggles to control costs amid tough conditions in markets like Russia and Europe, a person familiar with the matter said. The reductions will number in the hundreds and affect operations in Russia, Western Europe and Asia, said the person, who … Continue reading
Angry Birds – Up to 260 jobs cut to come
opular mobile game maker Rovio Entertainment says it plans to restructure its business and lay off up to 260 people because the company took on “too many things” during the past few years. Rovio says it will focus on three core activities: games, media and consumer products. The layoffs will affect the whole organization, excluding … Continue reading
Royal DSM – To cut as many as 1100 jobs by 2017
Royal DSM will make up to 1100 staff redundant by the end of 2017 in a reorganisation designed to cut the cost of running its pharma, nutrition and materials sciences businesses. The Dutch supplier announced the planned job cuts today, explaining that the move is designed to save it €125m to €150m ($144m to $173m) … Continue reading
Boeing Satellite Business – To cut hundreds of jobs
Boeing Co. said Monday it had started issuing notices for what could be hundreds of layoffs at its satellite business, a move it blamed partly on the stalled reauthorization of the U.S. Export-Import Bank, which supports many of its sales. The aerospace giant expects to lay off “several hundred” workers over the coming months and … Continue reading
Daimler – 1,500 jobs cut in Brazil
Daimler AG is eliminating 1,500 jobs at its Brazilian truckmaking division as demand for commercial vehicles in the country shows no signs of recovery. Workforce cuts became inevitable after industrywide truck sales in Brazil, South America’s largest economy, plunged 44 percent in the first half of 2015, compounding a decline last year, said Florian Martens, … Continue reading
Microsoft confirms Finnish phone site closure and job cuts | Reuters
Microsoft Corp (MSFT.O) on Friday confirmed it will close Nokia Oyj’s (NOKIA.HE) former handset product development unit in Salo, Finland, and will cut a total of up to 2,300 jobs in the Nordic country. The cuts, initially announced in July, are part of Microsoft’s plan to cut 7,800 jobs globally, most from the phone hardware … Continue reading
Merck – Near 7,290 positions eliminated
Pharmaceutical giant Merck & Co. (MRK) has slashed more than 85 percent of the positions targeted for elimination under its 2013 restructuring plan, Gen News reported this morning. Merck has eliminated “approximately 7,290 positions” since the restructuring plan was announced, the company said in its 10-Qc filing. The positions include full-time employees, independent contractors and … Continue reading
HTC – To cut 2,300 jobs
Struggling HTC is cutting 15% of its work force in an attempt to cut costs and revive its ailing smartphone business. The Taiwanese company announced the layoffs on Thursday, after its second quarter earnings took a dive, for a $257 million loss. HTC declined to mention the exact number of layoffs. But as of … Continue reading
Lenovo – 3,200 jobs cut
China’s Lenovo Group, the world’s biggest personal computer maker will lay off about 3,200 workers after profits more than halved in the second quarter of 2015, the company announced on Thursday, becoming the first Chinese firm to slash jobs. The job cut, which will be conducted in the company’s non-manufacturing work force, accounts for about … Continue reading
Centrica (owner of British Gas) – To cut 6,000 jobs
The owner of British Gas has announced 6,000 job cuts over the next five years following a far-reaching strategic review, despite making £1 billion in profits. The results of the six-month review come as Centrica recorded a 44 per cent rise in profits at British Gas to £565 million. Chosen excerpts by Job Market Monitor. Read … Continue reading
Royal Dutch Shell – To cut 6,500 jobs
Royal Dutch Shell said on Thursday that its profit fell sharply in the second quarter as a strong performance in marketing and refining failed to offset the brunt of lower oil and gas prices. The oil giant also said it would cut its capital investment and eliminate 6,500 jobs as the drop in oil and … Continue reading
Vodafone Spain – To cut up to 1,300 jobs
The Spanish business of London-listed telecoms group Vodafone said on Tuesday it will cut up to 1,300 jobs as it trims its workforce following last year’s acquisition of the county’s largest cable operator Ono. Negotiations with employee representatives over the cuts will start on September 1, it said in a statement. Chosen excerpts by Job … Continue reading
Russia – 110,000 jobs cut in the Ministry of Interior
In a massive austerity move, Russian President Vladimir Putin has removed about 110,000 employees from their jobs in the Ministry of Interior. Last week, the President had signed an agreement to cut the workforce of the ministry to 10 percent, CNN Money reported. The Russian economy contracted by 2.2 percent in the first quarter of the calendar … Continue reading
Quirky – Another round of layoffs to come
Quirky, the New York City startup with the goal of “making invention accessible,” announced to its employees Friday morning that more layoffs could be on the way as it struggles to raise additional capital, the company confirmed to Business Insider. Company spokesperson Tiffany Markofsky said in an email that Quirky is considering an additional reduction in headcount … Continue reading
Mining – Anglo American and Lonmin to cut 12,000 jobs
Two London-listed mining groups are to slash up to 12,000 jobs as commodity prices slump to levels last seen during the global recession of 2008-09. Platinum producer Lonmin plans to shut or mothball several mine shafts, putting 6,000 South African jobs at risk. Platinum prices have hit a six-and-a-half-year low, while power and labour costs … Continue reading
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