Job Market Monitor
Layoffs
Sony | 10,000 Jobs will be cut
Sony Corp. plans to reduce its work force by an estimated 10,000 jobs, or roughly 6% of its global total, as part of a broader restructuring plan by Chief Executive Kazuo Hirai, people familiar with the matter said Monday. The cuts could be made over the next two fiscal years, ending in March 2014, though … Continue reading
Lockheed Martin | 450 to 500 layoffs in Salina
Lockheed Martin announced on Thursday that it will lay off 450 to 500 workers in its Mission Systems and Sensors (MS2) Division . The division has a facility in Salina. Lockheed Martin says it will first offer a voluntary layoff program followed by an involuntary one… Source: Read More @ 450 to 500 layoffs announced for … Continue reading
India | Telecom | Enormous Potential Job Losses
The potential job losses in the Indian telecom industry are “enormous” in the wake of 2G licence cancellations and many of the affected entities have started trimming their workforce, according to HR experts. “Most of the companies whose 2G licences were cancelled are reducing their workforce. This is happening at all levels Only people at … Continue reading
U.S. Public Employees | More Layoffs
Public-sector employees tended to have more job security, which in some ways helps during weak economic climates, as their steady demand for goods and services spread through the economy. The recent trend, conversely, can make things worse. “If public-sector employment had grown since June 2009 by the average amount it grew in the three previous … Continue reading
JCPenney to cut 900 jobs
J.C. Penney Co Inc said on Thursday that it will cut about 900 jobs, including roughly 600 at its headquarters, as it trims costs and tries to start running its 110-year-old business more like a nimble start-up. The Plano, Texas-based retailer, which has already overhauled its pricing strategy under new chief executive Ron Johnson, said … Continue reading
Canada | Budget | CBC to cut 650 jobs over three years
CBC/Radio-Canada will eliminate hundreds of jobs, cancel some programs and boost ads as part of cost-cutting measures to cope with planned budget cuts outlined in the recent federal budget, the public broadcaster announced Wednesday. We’ve made “gut-wrenching choices,” CBC president and CEO Hubert T. Lacroix said during a townhall meeting for CBC employees. Lacroix said … Continue reading
Toronto | School Board cuts over 300 jobs
The Toronto District School Board has voted to eliminate 200 high school teaching jobs, 134 office staff and 17 elementary vice-principals. The cuts are meant to help the Board deal with a $85-million budget shortfall in 2012-13. There are reports that the board could face an additional $25 million on top of the $85 million … Continue reading
Canada | Layoffs begin for civilian defence workers
More than 1,000 civilian workers at the Department of National Defence will be told Wednesday that their jobs no longer exist. The cuts will hit affect Quebec and Ontario the most but the reductions will be felt across the country. At this point the jobs of 1,119 employees at DND have been identified but more … Continue reading
UK | Capita to cut up to 400 jobs
Outsourcing firm Capita is set to cut up to 400 jobs across the UK. Unite said that as part of the company’s proposal, Capita would also offshore a significant number of staff to India. The trade union said it may consider an industrial action ballot, in response to the moves. The staff affected are understood … Continue reading
Australia | Metcash cuts 478 jobs
METCASH, the grocery wholesaler that owns the IGA and Franklins chains, will restructure its business, cut 478 jobs and incur one-off charges to position the company for ongoing difficult trading conditions… Source: Read more @ Metcash cuts 478 jobs in sweeping restructure | The Australian.
Canada | Tomorrow announcement | Federal public employees anxious as job cuts loom – CTV News
Axe to fall on public service Wednesday, say unions The axe hovering over the head of Canada’s public service is expected to begin falling Wednesday when thousands of public servants will receive notice their positions with the federal government are being eliminated. Unions representing government employees say the workforce-adjustment notices have begun “pouring in” from … Continue reading
Dow shutters plants on 3 continents, cuts 900 jobs, in response to economic woes in Europe | CanadianBusiness.com
Dow Chemical will cut 900 jobs and shutter plants on three continents because of weakness in Europe, which may soon tip back into recession of it has not done so already. Dow was ravaged during the global and economic crisis that struck four years ago, cutting more than 10,000 positions then. CEO Andrew Liveris has … Continue reading
Yahoo layoffs coming next week
Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo’s product, research and marketing groups, according to the … Continue reading
Comet confirms Hull call centre closure and layoffs
Hundreds of jobs are to be lost in Hull after electrical retailer Comet announced it was closing a call centre in the city. Comet said last year it would close a site in Hull or Clevedon, near Bristol, as part of a restructuring programme. It has now confirmed it is closing the centre in George … Continue reading
Sega Planning Layoffs – PCMag.com
Sega is downsizing its home video game business in the U.S. and Europe in a restructuring that will result in game cancellations and an unspecified number of layoffs. Parent company Sega Sammy announced its plans for the “structural reform” in a statement to investors on Friday. The company estimates that it will record an “extraordinary … Continue reading
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