Job Market Monitor
Layoffs
Rosebud Mining Begins Layoffs
As many as 30 workers will be receiving unemployment checks following what some workers call the “beginning” of further cuts in the Rosebud Mining organization. While there was no one available at Rosebud to confirm reports, it appears that over 20 positions were eliminated in Rosebud’s Kittanning operation on Route 422 and at least ten … Continue reading
Bank of Montreal cuts 60 capital markets jobs
Bank of Montreal has cut 60 jobs at its capital markets division, and Canada’s No. 4 bank said staff reductions are due to concerns about productivity in the current capital markets environment. “The reductions are part of our focus on productivity and we would expect to continue to be hiring over the course of the … Continue reading
Transcom Closing Sault Operations – Shifting Jobs to Philippines – LOCAL2 Sault Ste. Marie
Another call centre will shudder operations in Sault Ste. Marie as of July of this year. In a press release yesterday, Transcom announced it was closing four North American operations, including the one in the Sault putting 169 employees out of work. Local2news has learned that employees were given termination notices on Thursday. In a … Continue reading
Centrica, British Gas Parent, Cuts 2,300 Jobs – International Business Times
Centrica, parent company of British Gas, slashed 2,300 jobs to save £500 million ($784.9 million) on the heels of disappointing profits brought by a mild winter that cut household energy consumption. The utility saw a 30 percent drop in annual operating profit at British Gas to $819.5 million, or $78.58 per household, after winter arrived with … Continue reading
Appleton Papers to cut 330 jobs in West Carrollton – Dayton Business Journal
Appleton Papers Inc. plans end paper production in West Carrollton and cut 330 jobs. The Wisconsin-based company announced Thursday it reached a tentative 15-year deal worth $3 billion to buy its uncoated base paper from Domtar Corp. Appleton plans to continue operating a thermal paper coating operation locally, which employs about 100 and launched at … Continue reading
Merck KGaA to cut costs, jobs | Reuters
German drugs and chemicals group Merck KGaA announced plans on Friday for a cost-cutting programme across all its businesses that may include job cuts. “Over the next two years Merck needs to address unprecedented market shifts, increasing competition in key product areas and existing inefficiencies in its own organization to ensure the long-term success of … Continue reading
Austerity in Europe Puts Pressure on Drug Companies
Profits at pharmaceutical companies have been declining or showing little growth for the last year as austerity measures across Europe lead to cuts in health care spending. Some analysts say this trend could continue until at least 2014. Budget cuts mean that many European governments are not willing to pay as much for pills. But … Continue reading
Air New Zealand to slash hundreds of jobs | Stuff.co.nz
Air New Zealand “had no option” but to cut the jobs of 175 staff today, as plummeting profit margins force the national carrier into cost-cutting mode. This morning, the airline reported a $38 million profit for the six months to December, a slump of 61 per cent from the same period last year. Chief executive … Continue reading
P&G to cut about 10 percent of non-manufacturing jobs | Reuters
Procter & Gamble Co plans to cut a total of 5,700 nonmanufacturing jobs as part of a new plan to reduce costs by $10 billion by the end of fiscal 2016, Chief Executive Officer Bob McDonald said on Thursday. The world’s largest household products company has about 57,000 non-manufacturing employees among its total workforce of … Continue reading
U.S. Postal Service to Cut 35,000 Jobs as Plants Are Shut – Bloomberg
The U.S. Postal Service, which predicts an annual loss of $18.2 billion by 2015, plans to eliminate 5.4 percent of its workforce by closing almost half its mail-processing facilities to decrease costs. The service plans to shut 223 of its 461 mail-processing plants by February 2013, Postmaster General Patrick Donahoe said in a telephone interview … Continue reading
DHS slashes hundreds of jobs – ABC News (Australian Broadcasting Corporation)
Victoria’s Department of Human Services plans to cut 500 jobs as part of a major restructure. The state government announced in December that 3,600 jobs would be cut from the public service over the next two years. The ABC has obtained a letter from DHS which states it plans to contribute to that plan by … Continue reading
250 jobs lost across Northern Ireland as Peacocks closes – BBC News
The clothing retailer, Peacocks, is to close 19 shops in Northern Ireland with the loss of more than 250 jobs. The business was placed into administration in January and has now been sold to the Scottish retailer, Edinburgh Woollen Mill. However, ten stores will remain open, saving 140 jobs. These are located at the Connswater … Continue reading
Union says 500 layoffs averted at American – Sacramento Business, Housing Market News | Sacramento Bee
The flight attendants’ union says that because of job-sharing and other steps, American Airlines won’t have to furlough 500 workers this spring. American said two weeks ago that it planned to cut 500 flight attendants because it’s flying less than it did a year ago. via Union says 500 layoffs averted at American – Sacramento … Continue reading
American Express to cut up to 195 jobs in Brighton (From The Argus)
Up to 195 posts are to be lost at the biggest private employer in Brighton and Hove. American Express is proposing to move office jobs back to Argentina and India. The company is in talks with employees at its European headquarters in Edward Street, Brighton, to see which other roles those affected may be able … Continue reading
LightSquared to Cut 45% of Jobs to Trim Costs – Bloomberg
Billionaire Philip Falcone’s LightSquared Inc. wireless venture is cutting 45 percent of its jobs, or about 149 positions, to preserve cash after its plan to start operating was rejected by U.S. regulators. Most of the affected employees are those hired in preparation for its high-speed wireless network expansion, Reston, Virginia-based LightSquared said today. The company … Continue reading
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