Job Market Monitor
Layoffs
IBM / More than 1,200 layoffs
Big Blue is reportedly prepping for layoffs. But will IBM cuts hit Research Triangle Park? Job cuts of between 1,200-1,400 employees are expected over two years in France. There is no word on whether other areas will be impacted. IBM is thought to employ 10,000 in RTP, but they have not disclosed a local headcount … Continue reading
Boeing / To lay off 1,700 and as many as 700 engineers
The Boeing Co. will reduce its engineering workforce by as many as 1,700 people by the end of the year, with 700 engineers facing layoffs, the Everett Herald reported. As many as 100 engineers will receive 60-day layoff notices on Friday, the Herald reported. Mike Delaney, the vice president of engineering for Boeing, told the … Continue reading
UK / 450 public sector jobs ‘lost daily’
Almost 450 jobs have been lost from councils and police forces across the UK every day since the coalition came to power, according to a new report. Unison said its study, published ahead of the latest unemployment figures, showed that the Government should do more to ease the jobs “crisis.” General secretary Dave Prentis said: … Continue reading
Europe / Sabic to Cut 1,050 Jobs
Saudi Basic Industries Corp., (SABIC) the world’s biggest petrochemicals maker, plans to cut about 1,050 positions and close some assets in Europe as the company responds to diminished demand. Saudi Basic Industries, also known as Sabic, has started talks with works councils and trade unions on the plan, it said in a statement today. The … Continue reading
Aviva / To axe 2,000 jobs
Insurance giant Aviva is planning to axe around 2,000 jobs from its UK, European and Asian workforce under cost-cutting plans. The Norwich-based insurance group also announced that from next year, redundancy pay in the UK will be halved from four weeks per year of service to two. Aviva said the job reductions were part of … Continue reading
More layoffs at Electronic Arts
Electronic Arts has cut more jobs, with the latest layoffs taking place at EA Hyderabad (India) and social game studio Playfish (London). MCV India reports that 50 jobs were cut at EA’s mobile studio in India. The company acknowledged that layoffs took place, but declined to give any further official details. As for Playfish, Develop … Continue reading
UK / Axa to Cut 450 Jobs
Axa SA (CS), Europe’s second-largest insurer, plans to cut 450 jobs in the U.K. as it stops providing financial advice following a change in regulation. Axa will stop advising customers in branches of Co- Operative Bank Plc and National Australia Bank Ltd.’s Clydesdale and Yorkshire banks, it said in a statement on its website yesterday. … Continue reading
Germany / Vodafone to cut 500 jobs
Vodafone will cut 500 jobs in Germany, the company said, as the group adjusts to harsher competition and lower fees in Europe’s largest economy. “We have started a two-year program,” a spokesman said, confirming reports in the Frankfurter Allgemeine Zeitung and Rheinische Post. The company aims to shift some operations to Romania and India, as … Continue reading
Greece / More civil servants to be retrenched
GREECE cleared an important hurdle in its drive to receive its next batch of bailout loans after international debt inspectors said yesterday that they had reached an agreement over the country’s economic reforms, including the firing of thousands of civil servants. The review by delegates from the International Monetary Fund (IMF), European Commission and European … Continue reading
PVH / To cut 900-1000 jobs (Calvin Klein and Tommy Hilfiger brands)
Clothing-maker PVH Corp (PVH.N) estimates that it will cut between 900 and 1000 jobs and close a number of facilities related to its acquisition of the Warnaco Group Inc. The company, which owns and markets Calvin Klein and Tommy Hilfiger brands, said it did not yet have an estimate of the charges it would incur … Continue reading
New Mexico / Work-sharing, an alternative to layoffs
Instead of cutting jobs, a House bill aims to give companies the option of cutting hours instead. A proposal by Rep. Georgene Louis, D-Albuquerque, that passed the House Tuesday aims to create a “work-sharing” program in New Mexico. Under the bill, companies would have the option of agreeing with the state to trim the hours … Continue reading
UK / Telegraph Cuts Jobs
The Telegraph Media Group is to cut 80 jobs as it merges the Daily and Sunday Telegraph newspapers into a seven-day operation, Sky sources have confirmed. Some 14% of editorial jobs will go from the staff base of 550 posts. However the restructure of the two newspapers will see the creation of 50 digital content … Continue reading
Greece / 150,000 civil servants jobs to be cut by 2015
Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing. Identifying redundant positions and putting in place a system that will lead to mandatory exits for about 150,000 civil servants by 2015 is a so-called milestone that will determine whether the country gets … Continue reading
Google / Motorola Mobility will layoff 1,200 employees
Google subsidiary Motorola Mobility will layoff 1,200 employees, which is 10 percent of its current workforce, in an attempt to make the company profitable. The Wall Street Journal reports that a company email it obtained details that the layoffs have already begun and will affect workers in the U.S., China, and India. Motorola’s decision to … Continue reading
Sweden / Vattenfall to cut 2,500 jobs
Swedish power company Vattenfall has announced it will slash thousands of jobs by 2015, with Germany to be most affected by the cuts. The utility firm said it had to face up to low electricity prices and overcapacities. Swedish utility company Vattenfall on Wednesday said it would have to lay off 2,500 employees by the … Continue reading
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