Job Market Monitor
Layoffs
Yahoo preparing layoffs, could affect thousands
Yahoo Inc’s new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog. The moves could be announced as soon as the end of the month and would represent the first major changes under CEO Scott Thompson, the … Continue reading
Layoffs by governments at local level hardly help job recovery and investment in education is falling by the way
Layoffs at the local level, by local administrations, we could say, by local government, are so numerous that we could post them on a separated blog. This hardly helps job recovery. Moreover, investment in education is falling by the way. Krugman thinks it is bad politics and we agree. …If it weren’t for this destructive … Continue reading
Permanent Layoffs in Canada | Only around 40% are “rare” events, particularly among older workers
A new study by Statistics Canada by Garnett Picot, Zhengxi Lin and Wendy Pyper uses a new longitudinal data source on the separations of workers to address three issues: First, has there in fact been an increase in the permanent layoff rate in Canada in the 1990s, as one might anticipate given concerns about rising job instability? … Continue reading
GM | Volt | 1300 Temporarily Layoffs
General Motors will temporarily lay off 1,300 workers for five weeks at one of its Detroit plants. The car maker confirmed to FOX Business Network that the layoffs will run from March 19 to April 23 and will coincide with halts in the production of GM’s Chevrolet Volt and the Opel Ampera. The company said … Continue reading
NZ | Government | 2500 jobs to save $20m
A squeeze on state service backroom functions has saved just $20 million in two years, Treasury boss Gabriel Makhlouf has revealed. The Government has shed more than 2500 jobs in the past three years and ordered chief executives to shave their IT and human resources bills as part of a drastic overhaul of the public … Continue reading
Avon | Planning Layoffs
Avon Products Inc. (AVP) is planning some layoffs and other cost savings to stabilize results in the near term, but investors will have to wait until a new chief executive is named before hearing how the latest round of restructuring will set up the direct-selling beauty company for the long haul. via Avon Swings To … Continue reading
Omnicare Inc | Layoffs hit 250 people in Stockton
Two health industry giants recently announced layoffs affecting about 250 Stockton employees. Omnicare Inc., a Fortune 400 company, listed 95 layoffs from closing its recently acquired dispensing pharmacy at 4217 Coronado Ave. in a federal Worker Adjustment and Retraining Notification Act notice filed with state employment officials. via Layoffs hit 250 people in Stockton | … Continue reading
UK | BAE axing around 2,000 jobs, ending nearly 100 years of aircraft manufacturing in Brough
BAE Systems, Britain’s biggest defence contractor, has brushed aside a plea by David Cameron to save high-level manufacturing jobs and is proceeding to axe around 2,000 posts. The worst-hit plant will be Brough in East Yorkshire, where BAE is to make 750 compulsory redundancies and end manufacturing – a move described by trade unions as … Continue reading
Billy Graham Association | 10 % of its workers laid off
The Billy Graham Evangelistic Association has laid off about 10 percent of its workers, which it says is part of a strategic move to emphasize its online ministry and other priorities. The agency said fewer than 50 employees lost their jobs. The association, which evangelist Billy Graham started in 1950, spreads the Gospel to a … Continue reading
New Brunswick | Industrial Rail Services facing major layoffs – – CBC News
The issue means 200 employees at Industrial Rail Services could be affected, depending on how long it takes to fix the problem, according to Dick Carpenter, the company’s president… via Via Rail car restorer facing major layoffs – New Brunswick – CBC News.
Kodak | Layoffs Start Today while Seeking to Cut Benefits for 16,000 Retirees
Ninety-one Kodak employees will be laid off as part of the company’s decision to no longer make digital cameras for consumers. via Layoffs at Kodak start today – Henrietta, NY – Henrietta Post. ______________________________________________________ Eastman Kodak, the troubled camera maker that recently filed for bankruptcy, is considering a move that will cut health benefits for … Continue reading
Canada | Federal Budget | Job cuts will be modest: Baird | Toronto Sun
Cuts to the public service will occur “overwhelmingly” by attrition — and not by deep cuts, Foreign Affairs Minister and Ottawa West-Nepean MP John Baird told the Sun on Tuesday. Trying to send a calming message to skittish civil servants, Baird said federal budget cuts will be “like nothing” that took place in the 1990s. … Continue reading
Does 275 webOS layoffs mark the end of HP tablets? | Techi.com
When Meg Whitman declared late last year that WebOS tablets would be made again in 2013, the concept was met with hope by developers… The releases occurred today, but it wasn’t what most expected. Rather than simply software people, many of the 275 employees released worked on the hardware… via Does 275 webOS layoffs mark … Continue reading
PepsiCo layoffs will hit Westchester harder; 145 jobs will be cut | LoHud.com
Westchester County will bear more than its share of PepsiCo’s latest cost-savings measures. While the Purchase-based global food and beverage giant trims 2 percent of its employees around the nation, the local workforce — about 3,000 people in the county — will be cut by almost 5 percent, a company spokesman said. PepsiCo expects to … Continue reading
RSM to cut 300 jobs and close offices | Manchester Evening News – menmedia.co.uk
Accountants and business advisers RSM Tenon has signalled hefty job cuts and a series of office closures as it seeks to slash costs and return to profit. The firm, which employs more than 500 staff in the north west across offices in Manchester, Bolton, Rochdale, Chorley and Preston, aims to reduce its workforce of just … Continue reading
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