Job Market Monitor
Layoffs
Philippines – Sunpower to cut 900 jobs
Solar panel maker SunPower Corp said it will restructure its Philippines manufacturing operations and cut about 900 jobs, citing challenging industry conditions. The company said it will temporarily idle six of its 12 lines at its cell manufacturing plant and 20 percent of its panel manufacturing in the Philippines to reduce inventory, lower operational costs … Continue reading
France – Layoffs – Vivendi, STMicro Revamp Face Hollande’s Scrutiny
Vivendi SA (VIV) and STMicroelectronics SA (STM), each considering a reorganization to boost their competitiveness, face a hurdle as French President Francois Hollande struggles to keep an election pledge on job creation. Industry Minister Arnaud Montebourg is today hosting STMicroelectronics Chairman Didier Lombard at Bercy, the sprawling 1980’s government complex in eastern Paris. The meeting … Continue reading
Europe – Deutsche Telekom to cut more jobs
Deutsche Telekom AG will have to cut more jobs to halt a slide in revenues in Europe, the German telecommunications company’s Europe chief told a German newspaper. Handelsblatt cited Claudia Nemat as saying in an interview that the company had struck an agreement with a trade union in Hungary over 500 jobs and was in … Continue reading
Australia – Governmental frontline services hit
PUBLIC servants in temporary positions were cut by the Newman Government despite internal warnings about the impact on frontline services. Documents obtained by The Courier-Mail under Right to Information laws have for the first time given revealing insights into the kinds of positions that were cut. Rather than desk-bound Brisbane bureaucrats being axed, the documents … Continue reading
Sweden – Volvo Cars to Halt Production
Volvo Car Corp. Monday said it would halt production for a week from Oct. 29 at its plant in Torslanda, Sweden, in the latest response to shrinking demand from an auto maker. “The recession in Europe is deepening and that impacts customers’ willingness to buy new cars,” said Volvo spokesman Per-Ake Froberg. “Therefore we have … Continue reading
India – Alcatel-Lucent may cut 1,000 jobs
Struggling French telecoms gear maker Alcatel-Lucent will lay off nearly 1000 employees, or 9% of its India workforce as part of a global restructuring drive to cut costs as deals dry up and demand for network equipment plunges, two senior executives aware of the matter told ET. Bulk of the cull is likely to impact … Continue reading
Canada – Federal civil service hit with 1700 more job notices
So far, CBC News has been made aware of letters issued to some 1,600 employees with Human Resources and Skills Development Canada (HRSD), the department responsible for administering the employment insurance (EI) system, old age security (OAS) … See all stories on this topic » CBC.ca http://www.cbc.ca/news/canada/windsor/story/2012/09/13/pol-federal-civil-servants-cuts.html
UK – Job cuts of 10% for cops
Almost 6800 police posts have been downsized since the 2010UK general election as a result of British austerity measures, according to a House of Commons analysis of updated Home Office figures… http://rt.com/news/uk-police-jobs-cut-838/
Deutsche Bank to Increase Job Cuts
Deutsche Bank AG (DBK), Europe‘s biggest bank by assets, will cut jobs and review its pay practices to help boost profitability as capital requirements rise and Europe’s debt crisis drags on. “Compensation practices are one important way to achieve … http://www.bloomberg.com/news/2012-09-11/deutsche-bank-plans-more-cuts-in-headcount-pay-to-reach-goals.html
(UPDATE) Unilever – Port Sunlight – Confirms decision to axe 350 jobs in Wales
The consumer products giant confirmed that 225 jobs are to be lost with the closure of its personal care products site in Swansea, and a further 25 at its distribution site in Bridgend as it concentrates operations at its Port Sunlight base. http://www.walesonline.co.uk/news/wales-news/2012/09/13/unilever-confirms-decision-to-axe-350-jobs-in-wales-91466-31828312/
Ireland – FG Wilson to cut 760 jobs
Up to 760 jobs are to be cut by a major engineering company in the North, it was announced today. FG Wilson, which is part of the international Caterpillar corporation, said the losses are part of measures to make the business more efficient and … Irish Times http://www.irishtimes.com/newspaper/breaking/2012/0913/breaking20.html Envoyé via Flipboard Envoyé de mon iPad
French minister says Peugeot should cut in Spain, not just France
France’s industry ministry is pressing the country’s leading carmaker to limit the impact of a domestic restructuring set to claim 8,000 jobs – by shifting part of the cuts burden to Spain. Arnaud Montebourg, industrial renewal minister, was expected to raise the issue in talks on Thursday with PSA Peugeot Citroen chief executive Philippe Varin … Continue reading
UK – Ivybridge paper mill to close with 100 jobs lost
A south Devon paper mill is to close with the loss of almost 100 jobs. Arjowiggins, which owns the Stowford Mill at Ivbybridge, said the decline in European sales meant it was having to transfer operations to Scotland. Closure of the mill in 2014 will … http://www.bbc.co.uk/news/uk-england-cornwall-19585376
Trina Solar Aggressively Cuts Jobs to Reduce Spending
Although the exact number of layoffs is not yet known, SPVI has learned from Solarzoom Market Centre that around 1,850 including 200 managers out of 15,000 employed are going to lose their jobs. Moreover, the company is operating under 75% utilization… http://solarpvinvestor.com/spvi-news/329-trina-solar-aggressively-cuts-jobs-to-reduce-spending-
Medicare Cuts Would Cost 500,000 Jobs
Nearly 500,000 jobs will be lost next year alone if a 2% automatic cut in Medicare spending mandated following last year’s debt ceiling crisis takes effect, three major healthcare organizations charge. In 2013, more than 496,000 jobs will … http://www.medpagetoday.com/PublicHealthPolicy/WorkForce/34724
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