PeakOil is You
by lowem » Tue 27 Oct 2009, 10:40:51
US heavy equipment maker Caterpillar said on Monday it was cutting about 2,500 jobs and had started to bring more than 500 laid-off employees back to work, in a sign of improving economic conditions.
by lowem » Tue 27 Oct 2009, 10:42:19
Japanese tyremaker Bridgestone said on Friday it would shed nearly 900 jobs in Australia and New Zealand as it closes manufacturing plants amid a worldwide slump in demand for cars.
by lowem » Tue 27 Oct 2009, 10:44:35
Sun Microsystems said on Tuesday it is cutting 3,000 jobs over the next 12 months because of its delayed takeover by US business software giant Oracle. In a filing with the US Securities and Exchange Commission (SEC), Sun said the layoffs were part of a restructuring plan brought about by the hold on its 7.4-billion-dollar purchase by Oracle.
by Ferretlover » Tue 03 Nov 2009, 17:28:47
CNNChrysler offers buyout to 23,000 workers Latest move to pare workforce comes just before automaker reveals 5-year recovery plan. Last Updated: November 1, 2009:
NEW YORK (CNNMoney.com) -- Days before unveiling its latest recovery plan, Chrysler Group has extended a buyout program to 23,000 U.S. workers in an effort to further trim its workforce.
In a statement, Chrysler said workers have until Nov. 13 to accept the proposal, and that the company would determine who qualifies for it depending on operational needs. The company said termination dates would be at its discretion.
The automaker said special programs were being offered at facilities that are being forced to close as a result of the bankruptcy process that occurred earlier this year. The deadline for accepting those programs depends on the facility, Chrysler said.
Chrysler emerged from Chapter 11 bankruptcy protection in June, saying it would close some of its U.S. plants as part of the reorganization. Its ownership is a group that includes the Italian automaker Fiat, the U.S. government, the United Auto Workers union's retiree trust and the Canadian and Ontario governments. *...
by thor » Wed 04 Nov 2009, 02:38:46
Oil prices may be edging up again and the recession lifting, but the remnants of the global economic meltdown continued to surface Thursday, in sharply lower earnings reports from Exxon Mobil Corp. and Royal Dutch Shell and word of 5,000 layoffs at Shell by year-end.
by lowem » Tue 10 Nov 2009, 06:11:59
Sprint Nextel said it will cut 2,000 to 2,500 positions in the fourth quarter in an effort to save $350 million. The cuts will be completed by December 31 ... the company said the cuts won't impact customer service, something the Sprint has been trying to improve. Nevertheless, Sprint said call volume has decreased so it has discontinued 27 call centers.
by lowem » Tue 10 Nov 2009, 09:37:23
Britain's state-controlled Lloyds Banking Group plans to announce it is cutting 5,000 more jobs, British media reported on Tuesday ... LBG, created in January when Lloyds TSB bought rival lender HBOS in a state-brokered deal, has already axed about 8,000 jobs since the start of 2009.
by lowem » Tue 10 Nov 2009, 09:39:43
US computer software giant Microsoft said on Wednesday it is cutting 800 more jobs in addition to 5,000 layoffs announced previously ... the total layoffs since January are the largest ever at the Redmond, Washington-based company, which had 91,005 employees at the end of September.
by lowem » Tue 10 Nov 2009, 09:42:06
Royal Bank of Scotland, rescued by the British government in the wake of the global financial crisis, said on Monday that it planned to axe about 3,700 jobs across its retail operations in Britain.
by lowem » Tue 10 Nov 2009, 09:42:57
HSBC is to cut more than 1,700 jobs across its retail banking division in Britain, a spokesman for the global group said on Tuesday. The announcement came as the British government unveiled a major shake-up of the country's banking sector and one day after state-controlled Royal Bank of Scotland (RBS) said it would eliminate about 3,700 jobs across its British retail operations.
by lowem » Tue 10 Nov 2009, 09:45:16
Johnson & Johnson, a leading US health care products company, said on Tuesday it will slash between six and seven percent of its global workforce, more than 7,000 jobs, to cut costs ... J&J, which makes drugs, consumer products and medical devices, has about 117,000 employees worldwide, which would bring the number of jobs to be eliminated to a range of 7,000 and 8,200.
by lowem » Wed 11 Nov 2009, 01:49:22
Electronic Arts plans to cut its work force by 17 percent as it tries to align its business with a transforming video game industry ... the company announced the layoffs of 1,500 people just hours after it said it is paying at least $275 million to buy Playfish Inc., a maker of social online games popular on Facebook, MySpace and the iPhone ... the cuts are in addition to the 1,100 jobs the company already slashed this year as part of a restructuring plan to shift focus to hit games.
by lowem » Wed 11 Nov 2009, 01:50:32
Lloyds Banking Group has announced 5,000 job cuts as the government-backed bank moves to integrate its wide-ranging businesses ... the job cuts come as a result of the integration of HBOS, which Lloyds bought at the height of the financial crisis ... the job cuts come just days after Royal Bank of Scotland, which was also bailed out by the government, and HSBC unveiled thousands of job losses.
by lowem » Wed 11 Nov 2009, 02:25:34
Adobe Systems, known for its Photoshop editing program and Acrobat document software, announced on Tuesday it was cutting some 680 jobs worldwide, about nine percent of its workforce ... Adobe, which employed 7,564 people worldwide at the end of August, also produces the Flash and Shockwave software used in many games and Internet applications.
by lowem » Wed 11 Nov 2009, 02:27:36
Internet company AOL LLC, which will soon be spun off from parent Time Warner Inc., laid off about 100 full-time employees Tuesday ... the company will have about 6,900 employees after the job cuts.
by lowem » Thu 12 Nov 2009, 01:33:58
Current TV, the cable channel founded by former Vice President Al Gore, laid off about 20 percent of its work force Wednesday as part of an overhaul of its programing model. The cuts affect 80 people, mostly at the channel's Los Angeles-based production and programing facilities ... in April, Current canceled its $100 million IPO, citing unfavorable market conditions.
by Ferretlover » Thu 19 Nov 2009, 11:41:33
AOL to lay off a third of staff 2,300 cuts to come after Time Warner spins off Internet company Dec. 9
by lowem » Mon 23 Nov 2009, 04:29:26
AOL, which has already told investors that it will spend up to $200 million firing a good chunk of its staff, has now told its employees. It is looking for "up to 2,500 volunteers," CEO Tim Armstrong told his staff Thursday. That's a third of the company's payroll. The voluntary layoff program begins December 4, a few days before the company spins off from Time Warner. If AOL doesn't get enough volunteers, it will ax people on its own.
by lowem » Mon 23 Nov 2009, 04:31:07
Nokia, the world's biggest mobile phone maker, said on Friday it would shed about 330 jobs in Finland and Denmark as part of a streamlining of its research and development operations ... the mobile phone giant launched a cost-cutting programme last January, after its earnings fell as consumers cut back on buying handsets amid the global financial crisis ... before Friday, Nokia had announced about 3,700 job reductions since January, including around 1,300 voluntary redundancy packages.
by Jester » Thu 03 Dec 2009, 01:23:37
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