More jobs cuts around the world –
Till 17-8-8 I have compiled data from different sites about the jobs cuts around the world here there are ,
1. Swiss bank Credit Suisse Group announced 5,300 planned job cuts worldwide represents about 11 percent of its work force.
2.AT&T-Dallas-based AT&T plans to cut 12,000 jobs, about 4 percent of its work force.
3. Dupont-Wilmington, Del.-based chemical company Dupont will cut 2,500 jobs and cut back hours for remaining workers. It also plans to eliminate 4,000 contractors this month, with more contractor cuts in 2009.
4. Viacom-New York-based media conglomerate Viacom will cut about 850 jobs, or 7 percent of its work force.
5. JPMorgan Chase & Co. said it plans to cut 9,200 positions at Washington Mutual . Which it acquired .
6. Pratt & Whitney – Jet engine maker Pratt & Whitney, a subsidiary of United Technologies Corp., laid off about 350 employees across the country.
7. Adobe Systems Inc. said it will cut 600 jobs, or about 8 percent of its work force.
8. 3m has already cut 1,800 jobs in the fourth quarter and will cut 500 more — about 2.9 percent of its workforce.
9.CBS Corp-U.S. media giant CBS Corp cut about 30 jobs, mainly from its network programing operations and its CBS Paramount Network Television production studios in Los Angeles and Studio City.
10.Masterbrand Cabinets-Around 60 full-time workers at Masterbrand Cabinets off south Oak street in Arthur.
11. Canadian Pacific-Calgary-based Canadian Pacific, which operates across Canada and in the northern United States, is cutting 600 jobs from its workforce of 16,000.
12.National Express-British bus and train operator National Express said on Wednesday it would cut up to 750 British jobs.
13 Tarmac －British building materials firm Tarmac, part of mining giant Anglo American Plc. , is closing a UK factory and cutting 94 jobs due to the downturn in the housing market, the company said on Wednesday.
Tarmac Topfloor was planning to keep its head office in Derbyshire, which employs about 200 people.
14 BNP Paribas said on Tuesday its investment banking unit suffered an 11-month, 710 million euro ($970 million) loss and France’s biggest bank by market capitalisation added it may cut 700 jobs.
15 Vishay Intertechnology Inc－Chipmaker Vishay Intertechnology Inc cut its fourth-quarter revenue outlook range by $80 million, and said it sees job cuts across three continents.
16 La Vanguardia-madrid-regional newspaper La Vanguardia said the company would suspend 5,300 workers‘ contracts.
17 TORONTO-Quebecor Inc’s Sun Media newspaper unit said on Tuesday it will cut 600 jobs because of the economic downturn and problems in the print media industry.
18–Canwest Global Communications Corp , Canada’s biggest media company, cut 210 workers at its broadcast operations and another 350 at its publishing division.
19. CTV Inc cut 105 jobs in November.
20. Torstar Corp cut 270 jobs across its stable of urban and regional newspapers in the first nine months of the year.
21. Dutch vitamins and chemicals group DSM NV cut its 2008 operating profit outlook for the second time in two months on Monday and said it will slash 1,000 jobs, or 5 percent of its workforce.
22. Bank of America Corp, has dismissed about 20 senior executives, The bank, which has been grappling with slackening business due to the recession, cut senior staff as part of plans announced last week to shed 30,000 to 35,000 jobs over three years.
23. EntreMed Inc-Biotechnology company EntreMed Inc said it would cut about 60 percent jobs and announced a string of management changes to preserve capital and focus on the development of its most advanced drug candidate.
24. Northern Trust Corp will cut about 450 jobs, or 3.7 percent of its work force.
25 DHL to cut 13,000 jobs!*
26 American Express to cut 7000 jobs and Bank of America to cut 7,500 Jobs!*
27 GM and Ford 5,600 jobs cut*
28 Whirlpool to cut another 3,000 jobs.*
29 Yahoo to cut 1,000 Jobs*
30 Hewlett Packard Announces 24,000 Job Cuts!!*
31 UBS to cut 9,000 Jobs*
32 Fidelity to cut nearly 1,300 jobs this month*
33 Dana to cut 2000 jobs and close plants*
34 Dollar Thrifty Automotive to cut 400 jobs*
35 AMD slashes 500 more jobs*
36 Airline Aer Lingus to cut 1,500 jobs, workers to strike*
37 Chrysler to cut 4,300 Jobs*
38 Circuit City to cut 6,800 jobs and close stores.*
39 Xerox to cut 3,000 Jobs*
40 Atlantic City’s Borgata lays off 400 workers*
41 Motorola to cut 3 000 jobs*
42 Nortel to cut 3 000 jobs*
43 EA Games to cut 6% or 600 jobs *
44 Sun Microsystems to cut jobs (unknown number)*
45 Sony Japanese electronics giant Sony has announced plans for a global retreat in its electronics division, with 8,000 jobs cuts from its existing 160,000 staff by September 2009 and a 30% reduction in technology investments designed to save 100 billion yen ($1 billion) by March 2010.
46 City 7, an English channel in the UAE is free-to-air throughout the Middle East and Africa. Maybe City 7 could be the first in Dubai to downsize (or shut down), acording to rumours
47 Damac propertiy developer in Dubai fired 200 of its employees,
48 Omniyat propertiy developer in Dubai bid farewell to almost 60 people.
49 Emaar propertiy developer in Dubai fired 500 of its employees.
50 Standard Chartered laid off 80 of its staff.
51 UK, Virgin Media fired 2,200 employees last week.
52 Forbes in the US is also following suit; ForbesAutos.com is being shut down and its entire staff is being let go. ForbesTraveler’s staff is also being laid off.
53 CondéNet has also reportedly told staffers that it will start slashing jobs “across the board.” Condé Nast’s Wired is also said to cut jobs.
54 Nakheel, developer of the man-made Palm Islands in dubai , said on Sunday it had cut 500+ jobs.
55 Citigroup 50,000 Jobs cuts
Newell Rubbermaid slashed its quarterly sales and profit forecasts and said it would cut up to 10 percent of non-manufacturing jobs due to a deep slump in the global economy,( I hope not)
Economists project that the department will report that the rate rose to 6.8 percent in November and that the economy suffered a net reduction of about 320,000 jobs.
The jobless rate is widely expected to rise further through much of 2009. By this time next year, the unemployment rate could hit 8 percent, said Gledhill with Economy.com.
* via Leon Basin
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