Job Market Monitor
Layoffs
Symantec / Layoffs to come
Symantec Corp, which completed a strategic review in January, plans to lay off a significant number of managers and reorganize internally into 10 main business areas, but has decided not to sell off major assets for now. Chief Executive Officer Steve Bennett told Reuters in an exclusive interview that Janice Chaffin, consumer business president, will … Continue reading
NY Thruway / 234 layoffs
The New York State Thruway Authority is planning 234 layoffs to help shore up its finances, but no toll increases are planned. Thruway spokesman Dan Weiller says the layoffs of full-time workers will be in all regions, including the Albany headquarters. The authority employs 2,968 workers. Weiller says no toll increases of any type are … Continue reading
Israel / GE planning wide-scale layoffs
Corporation to fire about half of 500 employees in healthcare division’s R&D centers in Israel, company worker tells Ynet. Management sources say only 10% of workforce to be dismissed According to a company source, more than half of the division’s 500 employees in all research and development centers in Israel will be fired. The company … Continue reading
Lloyds / 38,000 jobs cut since HBOS rescue
The job toll at Lloyds Banking Group since the rescue of HBOS has reached 38,000 after another 940 cuts were announced. “This is a bleak start to the year for hard-working Lloyds employees and bad news for the UK economy on a day when the small fall in the numbers unemployed was supposed to be … Continue reading
Commerzbank / To Cut 4,000 to 6,000 Jobs
Commerzbank AG (CBK), Germany’s second- biggest bank, will cut 4,000 to 6,000 jobs over the next four years to reduce costs and meet its profit goals. The job reductions will apply to all units worldwide with the retail bank having “significant overcapacity,” according to an internal memo obtained by Bloomberg news, the contents of which … Continue reading
Barclays / To Cut 2,000 Jobs
Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday. Jenkins, who took over in August having previously run Barclays’ retail operations, is revamping the bank following the departure of Bob Diamond when the … Continue reading
Boston Scientific to cut up to 1,000 jobs
Boston Scientific Corp., the Natick medical device maker that already has eliminated more than 1,000 jobs over the past three years, said Tuesday it plans to cut another 900 to 1,000 jobs worldwide. The company did not specify where the job cuts would take place, but new chief executive Mike Mahoney said in an interview … Continue reading
Germany / Hewlett-Packard lays off 850 employees
Hewlett-Packard Co. HPQ -0.15% will close its site in Ruesselsheim, Germany, by the end of October and layoff about 850 employees–or 8.5% of its workforce in the country–as part of a previously announced broader restructuring effort. “The changes we are announcing in Germany today are a necessary part of our commitment to deliver our long-term … Continue reading
Canada / Sears lays off 700 workers
Sears Canada announced Thursday it is laying off 700 workers across the country as part of a move to “right-size” the company and focus on restructuring its business. The national retailer says 360 people are being laid off from its department stores and about 300 from its distribution centres. The remaining workers are being let … Continue reading
Ottawa Hospital 290 full-time jobs cut
Nearly 300 jobs at The Ottawa Hospital are on the chopping block. As it tries to trim $31 million from its $1.04-billion budget for 2013-2014, the hospital announced Wednesday 290 jobs would be affected. Of those jobs, 90 nursing jobs and 100 administrative positions will be cut, in addition to 100 other health care jobs … Continue reading
Harman / 500 jobs cut and, maybe, 500 more
Audio systems maker Harman International Industries Inc slashed its full-year outlook and said it would cut up to 9 percent of its workforce after second-quarter profit missed Street estimates due to lower sales to European carmakers. Harman shares plunged 14 percent to $42.49 in morning trade on the New York Stock Exchange. “We expected European … Continue reading
UK / 150 jobs to go at IPC Media
the UK division, the magazine giant IPC Media, must cut 150 jobs, which amounts to 8% of the total. The publisher of Britain’s best-known consumer magazines, such as Marie Claire, Ideal Home, Woman, Woman’s Own, In Style and Now, said the cuts would be accompanied by “organisational changes.” There will also be sweeping changes to … Continue reading
Quebec / Two Best Buy outlets close
Some Best Buy outlets have shut their doors in the last several hours. The electronics chain appears to have closed at least two outlets in Quebec, in Sherbrooke and in Montreal-area Lachenaie. And there are reports that more than a dozen Best Buy big box outlets will close across Canada. The windows at the Sherbrooke … Continue reading
Daimler Trucks / Layoffs could reach 1,000 in Portland
New reports circulated on Wednesday suggesting Daimler Trucks is preparing to cut more than 1,000 jobs at its Portland manufacturing facilities. Choosen excerpts by Job Market Monitor from Daimler Trucks Warns of Potential Portland Layoffs – Truckinginfo.com.
Alps Electric / 3,000 Jobs Cuts
Alps Electric Co. (6770), a Japanese electronics supplier for carmakers and Apple Inc. (AAPL) jumped the most in more than 22 months after announcing it will cut 3,000 jobs worldwide to help stem losses… “The job cuts are aimed at improving profitability,” Satoshi Yamamoto, a company spokesman said by phone today. The reductions will be … Continue reading
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