Job Market Monitor
Layoffs
United Paper Mills-Kymmene, Europe’s second largest paper firm, to cut 860 jobs
Europe’s second largest paper production firm intends to cut 860 jobs worldwide after the eurozone crisis reduced the demand for paper. The struggling European economy has affected the use and need for paper, the Finland-based UPM (United Paper Mills)-Kymmene said on Thursday. The supply of graphic papers has significantly outweighed the demand in Europe. “The … Continue reading
Germany / Deutsche Telekom would cut 1 200
Germany’s Deutsche Telekom has been reported to be planning more job cuts in addition to those already announced a while ago. According to a newspaper, layoffs will primarily affect its overhead segment. Deutsche Telekom of Germany on Thursday was reported to be preparing more job cuts domestically over the next couple of months. The business … Continue reading
Finland / Nokia cuts 300 IT jobs and outsources 820 jobs in India
Nokia Corp. NOK -1.51% Thursday announced more job cuts in Finland as part of a move to outsource its information technology operations to Indian suppliers. Nokia said it would outsource some of its IT operations to two Indian IT suppliers, HCL Technologies Ltd. and TATA Consultancy Services Ltd. , India’s largest software exporter. As part … Continue reading
Kentucky / Gap cuts 350 jobs at distribution centers
Gap Inc. plans to close two facilities in Northern Kentucky as part of a move to streamline the distribution system for the San Francisco-based retailer, according to the Cincinnati Business Courier. The move will impact about 350 workers. Choosen excerpts by Job Market Monitor from via Gap to close distribution centers, cut 350 jobs – … Continue reading
US / Express Scripts / More than 400 layoffs so far at Medco Health Solutions
Express Scripts Holding Co. has trimmed the staff at Franklin Lakes-based Medco Health Solutions Inc., its $29.1 billion acquisition, by roughly 20 percent in Bergen County since last April, laying off more than 400 employees. This week St. Louis-based Express Scripts, which became the nation’s largest pharmacy benefits manager when it bought Medco, confirmed it … Continue reading
Lockheed / Another 150 workers at Fort Worth
An additional 150 workers at Lockheed Martin Aeronautics in west Fort Worth received pink slips today, more than doubling the number of layoffs since the first of the year. Employees at the plant have been told that their last day of work is expected to be Jan. 25, Lockheed spokesman Ken Ross confirmed in an … Continue reading
Update – Montréal / Cirque du Soleil / 400 jobs cut
Cirque du Soleil has announced it will lay off about 400 people between January and March. On Wednesday, the company said the first round of layoffs would happen before the end of the month. Cirque spokeswoman Renée-Claude Ménard said at least 50 per cent of the cuts will be taking place at the company’s Montreal … Continue reading
Scotland / Blockbuster / 300 jobs at risk
THOUSANDS of jobs are at risk after DVD rental firm Block-buster UK yesterday became the latest high street chain to go into administration. The company, which employs 4,190 staff, including more than 300 in Scotland, follows music retailer HMV, which called in administrators earlier this week. The Uxbridge-based business, which opened its first store in … Continue reading
Montréal / Cirque du soleil / Up to 600 layoffs could be announced
World-renowned Cirque du soleil will be meeting with staff Wednesday amid reports that up to 600 people could be laid off. Renee-Claude Menard, Cirque’s senior director of public relations, said on Tuesday she would not comment about layoff speculation until the staff meeting. However, she confirmed the famed organization is conducting a major review of … Continue reading
UK/ Manchester City Council / 830 jobs at risk
Plans to cut 830 jobs, raise council tax and close libraries have been announced by Manchester City Council in a bid to address a funding gap of £80m. The proposals could also see bus lane fines “more actively” pursued, bonfire events stopped and departments merged. The job losses follow the cutting of 2,000 posts in … Continue reading
Australia / Boral cuts 700 jobs
BUILDING products maker Boral will shed 700 jobs as part of a major restructure aimed at helping it weather the effects of Australia’s gloomy housing market. The cuts are the result of a 100-day review by new chief executive Michael Kane, who said most of the job losses would be among management ranks and back … Continue reading
Bulgaria / Layoffs at Military Plant: 700-800 employees will have to go
Hundreds of workers at Bulgaria’s State-owned arms manufacturer VMZ Sopot must be laid-off in order for the company to be privatized, Bulgarian Prime Minister, Boyko Borisov, says. According to Borisov, cited by Darik radio, 700-800 employees will have to go because no potential buyer will want to acquire the plant with the current 3 200 ones. … Continue reading
South Africa / Amplats shafts closure could lead to the loss of almost 14,000 jobs
Anglo American Platinum has said it will cease production at four mine shafts in the Rustenburg region of South Africa, which could lead to the loss of almost 14,000 jobs. The world’s biggest platinum producer said lower demand for the precious metal and higher costs meant the shafts were unprofitable. Amplats said it proposed to … Continue reading
HMV / 4,500 jobs at risk
The chief executive of HMV, Trevor Moore, has given an impassioned defence of the chain, which will formally slide into administration on Tuesday, insisting it still deserves a place on Britain’s high streets. “Ian [Kenyon, HMV’s finance director] and I are really passionate about working with the business,” said Moore, the former Jessops boss who … Continue reading
France / Renault to cut 7,500 posts by 2016
Renault (RENA.PA) wants to cut 7,500 posts in France by 2016 to help boost competitiveness as its domestic and European markets continue to slump, a spokeswoman for the French carmaker said. The cuts, equivalent to 14 percent of French Renault staff, are expected to include 5,700 departures through natural turnover, the spokeswoman said on Tuesday, … Continue reading
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