Job Market Monitor
Layoffs
Hostess sent potential layoff notices to its 18,000 employees nationwide
Hostess had warned earlier this month that certain conditions — such as an “unsatisfactory resolution to its pending motion before the bankruptcy court regarding certain modifications to its collective bargaining agreements” — could force it to liquidate. “The notices were sent to alert employees that a sale or wind-down of the company is possible in … Continue reading
Hawker Beechcraft announces another 150 layoffs at Wichita
Hawker Beechcraft has announced layoffs for the second time in three weeks, this time affecting 150 employees at its Wichita aircraft plant. The latest cuts will reduce the aircraft maker’s total employment in Wichita to 4,200 people. Hawker Beechcraft announced on April 23 that it was giving 60-day layoff notices to about 350 employees – … Continue reading
South Africa’s police to cut 9000 jobs
South Africa’s police service should reduce staff numbers by 9000, the National Treasury has recommended, according to a report on Monday. According to a Treasury report submitted to Parliament last week, this could see the police service placing a moratorium on the recruitment of new members from 2013, Beeld newspaper reported. Dianne Kohler-Barnard, DA MP … Continue reading
UK | More than 60,000 NHS jobs ‘at risk’
More than 25,000 National Health Service posts have been abolished in the past two years and more than 60,000 further jobs are at risk, according to the Royal College of Nursing. Government proposals to move care of many patients from acute hospitals to community settings are branded a “facade” by the nurses’ representative body in … Continue reading
India | SKS to cut 1,200 jobs
SKS Microfinance Ltd(SKSM.NS), the only listed microfinance company in India, said on Thursday it planned to reduce its headcount by a third and shut some branches in Andhra Pradesh state amid mounting losses. SKS’ business in Andhra Pradesh, which was a microfinance hub earlier, has been hit after the state government imposed a set of … Continue reading
University of Miami medical school | Up to 800 layoffs
The University of Miami medical school plans to lay off up to 800 workers in administration and research to deal with reduced government and private funding Up to 800 people will lose their jobs under a major restructuring at the University of Miami medical school, President Donna Shalala said Tuesday. State budget cuts, less research … Continue reading
Australia | 4200 goverment jobs slashed
Thousands of Canberra-based public servants will lose their jobs to help get the economy back in the black, under a federal budget that pushes a new round of middle-class welfare initiatives. In the biggest attack on the federal bureaucracy since the late 1990s, when John Howard came to power and put the ACT into recession, … Continue reading
Rochester | Kodak announces 140 more job cuts
As bankrupt Eastman Kodak Co. looks to eliminate costs, one expense being cut particularly severely is workers. In the 15 weeks since Kodak filed for Chapter 11 bankruptcy protection on Jan. 19, the printing and imaging company has notified the state Labor Department six separate times of layoffs to its Rochester-area workforce. The most recent … Continue reading
UPDATE – Lufthansa | No more rumored : 3,500 jobs cut
Lufthansa to cut 3,500 jobs Lufthansa on Thursday unveiled plans to cut 3,500 jobs as it reported a worse than expected operating loss of €381m in the first quarter of 2012. Analysts had been expecting a loss of €273m for the three months to March 31 but were reassured by how Europe’s largest airline by … Continue reading
Australia | At least 500 layoffs in TAFEs
At least 500 jobs could be slashed from Victorian TAFEs (JMM: the largest vocational education and training provider in Australia) and there are concerns schools in poorer areas will struggle under measures announced in the state budget. The government will slash spending on four in five vocational courses as part of $100 million in cuts to skills … Continue reading
Australia | Optus cuts 750 jobs
Optus, Australia’s second-biggest telco, said today it will cut 750 jobs over coming months in a major restructure of its business designed to boost profitability. The company said the job retrenchments – amounting to about one in 12 Optus jobs – will come “from senior and middle management as well as operations, back office and … Continue reading
What is happening with the Green Jobs ? | Canada Experience Layoffs in Solar Energy
Citing a shortage of customers for its solar panel products, Siliken Canada has laid off 40 workers from its Windsor manufacturing plant. The move is only the latest blow to the region’s fledgling solar industry. Siliken general manager Paco Caudet said the situation is “no different than in any other manufacturing sector.” “When you have … Continue reading
Industrial Energy | 200 jobs under threat, briquette maker warns
A LATROBE Valley company owned by brown-coal generator HRL has warned that the carbon tax will force it to close, with the loss of 200 jobs, unless the Gillard government injects enough compensation to keep the company alive. With the government poised to release details of various taxpayer-funded assistance for industry, HRL subsidiary Industrial Energy … Continue reading
Bank of America | More Than 300 Job Cuts
Bank of America Corp. (BAC), the second- largest U.S. lender, plans to cut more than 300 jobs from corporate and investment banking and trading units run by Thomas K. Montag as underperformers are culled from its ranks, according to a person briefed on the matter. The firm will target workers on desks where business has … Continue reading
LM Wind Cuts 180 Jobs
LM Wind Power Holding A/S, a maker of turbine blades for companies including Vestas Wind Systems A/S (VWS), said profit fell 41 percent last year when it cut 180 jobs making 3 percent of its staff and that it expects demand to weaken. Earnings before interest, taxes, depreciation and amortization fell to 73.9 million euros … Continue reading
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