Job Market Monitor
Layoffs
Lockheed’s warning of possible layoffs
Lockheed Martin is among a group of defense contractors who say that federal and state law would require them to tell hundreds of thousands of employees they could lose their jobs should the Obama administration and Congress fail to avert automatic defense reductions of $500 billion over a decade, starting Jan. 2… via Lockheed’s warning … Continue reading
Hewlett-Packard Begins Layoffs at Factory
Hewlett-Packard confirmed that it has begun eliminating jobs at its Rio Rancho center as part of its restructuring plan. Image via CrunchBase The company did not provide the actual number of job cuts, but some sources said that the company will fire a total of 100 workers from all departments at this facility. Hewlett-Packard announced … Continue reading
UK – Police force cutting 620 jobs blasted
A police force cutting 620 jobs and shutting some of its stations ‘frittered away’ almost £500,000 on consultants paid to consider its ‘culture’ and ‘customer journey’. West Midlands Police’s decision to splash out so much money despite chopping £126 million off its budget has been branded ‘astonishing’ by one Birmingham MP. Labour’s Steve McCabe, who … Continue reading
USW Disappointed by Gamesa Layoffs
The United Steelworkers (USW) today expressed great disappointment at Gamesa’s announcement to temporarily lay off 165 workers at its nacelle and rotor blade plants in Fairless Hills and Ebensburg, Pa. The announcement comes as U.S.-based wind manufacturers are facing the expiration of a critical tax credit, the Production Tax Credit (PTC), on December 31. “The … Continue reading
Germany – Mass layoffs at the Neckermann
The Neckermann mail order company will close down the whole of its central warehouse in Frankfurt and its textile business at the end of 2012. As already announced in late April, the mail order company, founded in 1950, intends to cut 1,380 of its 2,100 jobs in Frankfurt by the end of the year. Eight … Continue reading
Best Buy – 2,400 layoffs
Best Buy is laying off 2,400 employees chainwide, a company spokesman said Friday. There was no word about whether Kansas City-area employees would be affected, but no additional stores will close as part of the layoffs. Bruce Hight, a spokesman for Best Buy (NYSE: BBY), said the layoffs will affect about 600 employees of Geek Squad, … Continue reading
How many more jobs would we have if the public sector hadn’t been shedding jobs for the last three years?
The most glaring weakness in the current recovery relative to previous ones is the unprecedented public-sector job loss seen over the last three years. The figure below shows that private sector job growth in the current recovery is close to that of the recovery following the early 1990s recession and is substantially stronger than the … Continue reading
Ontario Power Generation cuts 1,000 jobs
Ontario Power Generation is shedding 1,000 jobs across the province as it prepares for a coal-free future. OPG spokesperson Ted Gruetzner said Wednesday that the move away from coal generation and toward alternative and gas energy sources will reduce the amount of electricity the organization produces, currently about 60% of the province’s supply. The company … Continue reading
France – Sanofi to cut 1,000 to 2,000 jobs
Drugmaker Sanofi plans to cut 1,000 to 2,000 jobs in France, according to French daily Le Figaro, the latest in a series of cost-cutting moves at the company, some of whose key drugs face increased competition from generic rivals. The jobs targetted will be in the areas of research, the manufacturing operations of the company’s … Continue reading
Swiss Bank – Vontobel to cut jobs
Vontobel is planning to cut an undisclosed number of jobs, the latest Swiss private bank seeking to lower costs as the industry braces for lost revenue due to pressure on the country to stop harbouring tax evaders. Vontobel spokesman Reto Giudicetti confirmed comments by Chief Executive Zeno Staub in an interview with the Handelszeitung newspaper … Continue reading
General Electric solar branch in Aurora: About half of employees to be laid off
Last week, as news was breaking that Colorado-based manufacturer Abound Solar had filed for bankruptcy, a solar branch of General Electric in Aurora was informing its local employees that about half of them would be laid off. Westword learned of these major layoffs — which could affect more than sixty employees — late Tuesday, from … Continue reading
U.S. planned layoffs at 13-month low in June but up 15.2 percent from the first six months of 2011 – Education leading
The number of planned layoffs at U.S. firms fell in June to its lowest level in over a year, suggesting employers were not rapidly downsizing even as the economic recovery slows, a report on Thursday showed. Employers announced 37,551 planned job cuts last month, down 39.3 percent from 61,887 in May, according to the report … Continue reading
US – Hospitals laid off more employees in May
Hospitals laid off more employees in May than in prior months, but mass layoffs in the ambulatory care setting declined slightly, according to a monthly report issued June 20 by the U.S. Dept. of Labor’s Bureau of Labor Statistics. Eleven mass layoffs affecting at least 765 people occurred in the hospital setting in May. Only … Continue reading
Schott Solar – Layoffs as Albuquerque plant closes down
via Schott Solar announces layoffs – YouTube.
Canada – Via Rail cuts 200 union jobs
Via Rail expects to cut 200 unionized jobs, or about nine per cent of its workforce, as the government-owned passenger rail service reduces trips on lines across the country. No routes are being eliminated, and some in the busy Montreal-Toronto corridor will be increased. But by the end of October, routes in most other areas … Continue reading
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