Job Market Monitor
Lyoffs
China – Sany has started cutting its workforce
Sany Group, China’s biggest maker of construction machines by revenues, has started cutting its workforce in one of the clearest signs yet of the pain in the country’s industrial sector as growth slows in the world’s second-largest economy. China’s heavy machinery makers, which include companies such as Sany, Zoomlion and Shantui, have seen sales drop … Continue reading
Namibia – Rio Tinto: Rössing workers face layoffs
RIO Tinto group chief executive Tom Albanese this week dropped a bombshell when he announced that employee costs across the group would be slashed by ten per cent, including at Swakopmund’s Rössing Uranium. A large chunk of the group’s employees may lose their jobs within the next three months. In the letter which Albanese wrote … Continue reading
Aviva | 1,300 Employees Fired Mistakenly – Ouch!
Aviva Plc (AV/), the U.K.’s second- biggest insurer by market value, said the company’s investment unit mistakenly sent an e-mail dismissing its entire staff before retracting the message. The e-mail, which was sent by the Aviva Investors human resources department to 1,300 employees globally, told recipients to turn over company property as they left the … Continue reading
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