Job Market Monitor
Layoffs
How do 37,000 Layoffs look like in the Wind Industry
This graphic, put together by the wind industry, illustrates how an expiration of the production tax credit may impact employment in the U.S. Notice the spike in activity before the drop-off. That’s due to the rush of development we’re seeing currently in the lead up to the lapse of the credit… via This Is … Continue reading
Find Higgs particle and face layoffs
An Italian institute heavily involved in the discovery of the Higgs particle is facing layoffs as the state slashes public spending on science to balance the budget. Italy’s National Institute for Nuclear Physics (INFN) was informed of the budget cuts two days after the Higgs particle was spotted. The discovery is considered one of the … Continue reading
Australia – Ford slashes 15 percent of workforce: 440 jobs gone
Ford Motor Co’s (F.N) Australian unit announced plans on Tuesday to cut up to 440 jobs, or about 15 percent of its workforce, and slash production by almost 30 percent to cope with a slide in popularity of its top model, the Falcon. Australian car manufacturers have enjoyed solid sales over the past year despite … Continue reading
Best Buy – Geek Squad workers – Hiring on Layoffs ?
On the heels of saying it would lay off 600 Geek Squad workers, Best Buy Co. Inc. says it will hire 500 skilled employees for the unit. Best Buy (NYSE: BBY) spokesman Bruce Hight said Monday that the hiring should be complete by the end of the year. “They’re restructuring, and some particular types … Continue reading
Last Shuttle – Struggling a year after layoffs
A year after NASA ended the three-decade-long U.S. space shuttle program, thousands of formerly well-paid engineers and other workers around the Kennedy Space Center are still struggling to find jobs to replace the careers that flourished when shuttles blasted off from the Florida “Space Coast.” Some have headed to South Carolina to build airplanes in … Continue reading
Sweden – €4.3 million to help former AstraZeneca workers in
The European Commission has today proposed to provide Sweden with €4.3 million from the European Globalisation Adjustment Fund (EGF) to help 700 workers made redundant by the pharmaceutical firm AstraZeneca back to employment. The proposal now goes to the European Parliament and the EU’s Council of Ministers for their approval. EU Commissioner for Employment, Social … Continue reading
Air Transat – Layoffs if no agreement is reached with union
Montreal charter carrier Air Transat A.T. Inc. has advised its flight attendants’ union of impending layoffs unless members agree to unpaid leaves of absence and other job-loss mitigation measures. In a memo obtained by The Gazette, Nathalie Legault, assistant to the vice-president for inflight service and commissary, advised its 1,800 flight attendants on July 6 … Continue reading
Actelion Plans – 135 Jobs cut
Actelion Ltd. (ATLN) plans to cut 135 jobs and refocus research on rare diseases and specialty pharmaceuticals as sales decline for the company’s best-selling product, the Tracleer blood-pressure drug. The cost savings will reduce research spending, and some projects will be stopped, the Allschwil, Switzerland-based company said in a statement today. Actelion will take a … Continue reading
Peugeot Citroen – 8,000 jobs cut
French carmaker Peugeot Citroen has set out plans to cut 8,000 jobs and close an assembly plant outside Paris as losses mount. Peugeot said the Aulnay plant near Paris, which employs 3,000 workers, would stop production in 2014. Last week, Peugeot said its first-half sales had fallen 13% amid a “profound crisis” in its eurozone … Continue reading
Australia – 900 court, prison jobs to go Opposition Leader John Robertson says
Opposition Leader John Robertson says confidential NSW Treasury documents show an estimated 881 jobs will be cut from prisons and courts. Opposition Leader John Robertson said confidential NSW Treasury documents showed an estimated 881 jobs would be cut from the sector over the next four years. ‘These job cuts will impact on security, they will … Continue reading
Bank of America – A New Round of Layoffs
Bank of America Corp (BAC: 7.64, +0.16, +2.12%) has been cutting jobs in its commercial banking unit in recent weeks even as it tries to boost the group’s business, people familiar with the situation said, reflecting the bank’s broader struggles to grow in a tepid economy. The job cuts are the latest round in the … Continue reading
EMI Music Publishing – Layoffs Begin
Chief executive Roger Faxon is one of 30 to 40 staffers to lose their jobs as a Sony/ATV-led consortium integrates the two companies. As expected, layoffs have begun at EMI Music Publishing, in the wake of the completion of the company’s acquisition by a Sony Corp. of America-led consortium on June 29. At that close … Continue reading
Capital Health – 175 Layoffs at Hopewell and Trenton hospitals | NJ.com
Capital Health officials confirmed today that approximately 175 employees at its Trenton and Hopewell hospitals will be laid off. The workers, including those in finance, management and technical areas like radiology, began receiving layoff notices yesterday. Doctors, nurses and other employees directly involved with patient care will be largely spared, but some supervisory nurses may … Continue reading
Does Xerox’s outsourcing also mean layoffs ?
About a year ago, Xerox told some 600 employees, many of them engineers, that their jobs were being transferred to an India-based IT services firm. How has that worked out? Neither company is disclosing detail about what’s been going on, but information is leaking out about some layoffs. The move by Xerox goes to the … Continue reading
Bayer CropScience plans layoffs at its Institute plant
Bayer CropScience plans to lay off more than 200 workers at its Institute plant by the end of the year. Bayer says 163 workers will be laid off in the first phase, which will begin Sept. 7. The cuts are expected to continue through the rest of the year. Media outlets report that Bayer notified … Continue reading
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