Job Market Monitor
Layoffs
Electronic Arts Canada | 500 to 1,000 layoffs
Electronic Arts (EA) is expected to layoff between 500 to 1,000 employees this week, reports Silicon Valley blog Startup Grind. That represents up to 11 per cent of the company’s total staff, according to numbers released in EA’s latest financial statement on March 31. The video game publisher has four Canadian offices including Montreal, Edmonton’s … Continue reading
Telstra | Job cuts to come
TELSTRA has signalled it may need to cut jobs if it fails to win contracts supplying the national broadband network because there will be less work for staff as its copper network is shut down. Telstra’s co-operation with NBN Co provides for the company to receive $100 million to retrain its workers, many of whom … Continue reading
Toyota began axing 350 jobs in Melbourne
Dozens of sacked Toyota workers who were marched from their workstations by security guards will fight to get their jobs back. Toyota began axing 350 jobs at its Altona plant in Melbourne on Monday in response to weak export sales impacted by the high Australian dollar. Most of the workers were unwillingly retrenched and 80 … Continue reading
Credit Suisse | Jobs cut could reach 5,000
Swiss bank Credit Suisse could announce the loss of up to 5,000 jobs in its investment banking business at its forthcoming first-quarter results, a Swiss newspaper reported on Sunday.
Detroit | At least 4,100 teachers get layoff notices
At least 4,100 Detroit Public Schools teachers have received layoff notices and are being told that they can reapply for their jobs next month. Detroit Federation of Teachers union President Keith Johnson told The Detroit News (http://bit.ly/HI0fpe) that that notices were sent by the district this week. The layoffs are effective Aug. 24, shortly before … Continue reading
Canada | Space programs face layoffs
Federal budget cuts could be felt far, far away — up in outer space. A 10 per cent budget cut over 3 years may impact new projects most. Industry leaders are worried that cuts to the Canadian Space Agency announced in the recent budget might hurt critical programs. There are fears of possible layoffs among employees, … Continue reading
Australia | ANZ cuts 230 jobs
ANZ will axe 230 roles from its wealth management division as part of the 100 job cuts it announced earlier in 2012. An ANZ spokesman said staff in its Australian wealth business were told on Wednesday that 230 positions would be made redundant. The axed positions are part of the 1,000 job cuts the bank … Continue reading
Canada | Fed Budget | Veterans Affairs to cut 800 jobs
A memo sent to staff at Veterans Affairs says 800 jobs will be cut over the next three years as a result of the federal budget. But in the letter, obtained by The Canadian Press, the department’s deputy minister says relatively speaking, Veterans Affairs is fortunate. Suzanne Tinning writes the department expects to manage the … Continue reading
British Airways | 1,200 UK redundancies but hopes over Glasgow jobs
British Airways has said it will look to create jobs at its engineering facility in Glasgow, after owner IAG announced its purchase of airline BMI could lead to 1,200 UK redundancies. British Airways has said it will look to create jobs at its engineering facility in Glasgow, after owner IAG announced its purchase of airline … Continue reading
Sony Confirms 10,000 Layoffs
Confirming the report from earlier this week, Sony president and CEO Kazuo Hirai said the company will cut 10,000 jobs globally as part of a big “One Sony” reorganization. The company has five immediate goals: it wants to strengthen its core businesses — digital imaging, gaming and mobile — turn around its TV business, expand … Continue reading
Detroit | More layoffs to come
More layoffs, the retraining of Detroit firefighters as first responders, drastic cuts to operations and the privatization of some city services, such as public transportation. All are proposals offering a glimpse into Detroit’s new fiscal reality as Deputy Mayor Kirk Lewis prepares to present the city’s first budget proposal under a consent agreement with the … Continue reading
P.E.I. | Cuts to come in public sector jobs
The P.E.I. government plans to remove 300 jobs from its payroll in the upcoming budget, CBC News has learned, and hopes to cut most of those positions through attrition. Premier Robert Ghiz has confirmed the downsizing is coming. “While you may not love coming in and delivering a budget along these lines it’s still your … Continue reading
Consumer Goods | Layoffs Mounting
Consumer goods companies are planning more layoffs than all other industries this year due to company reorganizations, rising commodity prices and weak consumer spending, according to Chicago-based outplacement firm Challenger, Gray & Christmas. Companies such as Procter & Gamble, PepsiCo and Kraft Foods announced a total of 18,438 job cuts in the first quarter of … Continue reading
India | Dhanlaxmi Bank | To cut more jobs
More pain of job loss awaits employees of Dhanlaxmi Bank. As the Kerala-based private bank moves ahead with business consolidation and rationalisation, more heads are expected to roll. Already, the staff strength of the Thrissur-headquartered bank has come down to a little over 4,200 from 4,600 in November last year, as more than 300 employees … Continue reading
Finland | Tieto | After 1300 job cuts
Despite 1300 job cuts globally, Finland’s IT major Tieto Corporation is planning to restructure the business and may exit some unprofitable markets. Tieto will downsize 1,300 jobs including about 500 in Finland and 300 in Sweden. The company is planning to save over 50 million euros in annual costs by cutting these jobs. Speaking to … Continue reading
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