Archive for October, 2008

Crunch Victims List for October 2008.

Below are the companies that lost jobs during the month of October 2008. This list comprises of mainly UK companies. This does not not include companies that went into administration or have filed for bankruptcy.

[Company - Losses - Date]

Cadbury Food 580 Oct 14
Rightmove Media 60 Oct 23
GKN Auto 1400 Oct 27
Domino Printing Electronics 200 Oct 30

Total losses = 2240

Monthly Redundancy Tracker

Cadbury’s is laying off 580 workers worldwide.

cadbury

Quoted from the Mirror.co.uk

Chocolate giant Cadbury is axing 580 jobs – despite sweeter sales.

Around 250 posts, mainly managers, are being shed in the 60 countries where it operates. That’s on top of 330 job cuts in Australia and New Zealand in the next two years. Its prices may also rise as Cadbury tries to recoup costs, expected to jump by between six and eight per cent next year.

Job Losses: 580 / 250 in the UK

Related Web Links:

Confectionery

Swiss bank UBS to cut at least 5000 jobs.

ubs

Quoted from the guardian.co.uk

UBS, Europe’s biggest casualty of the credit crunch, is to axe 5,500 jobs, with 2,600 facing compulsory redundancy in its stricken investment bank.

Quoted from The Independent on the 18th of April 2008

Marcel Rohner, UBS’s chief executive, said yesterday that estimates of 3,000 to 4,000 further job cuts across its global investment bank were “very probably too high”, but refused to deny 900 jobs would go in London. He has promised to reveal details of total job reductions in early May.

UBS has been the worst-hit European bank by the credit crunch after its late charge into structured credit backfired. It has taken charges of $37bn (£18.6bn) and announced a SFr15bn (£7.5bn) rights issue. The turmoil has cost the jobs of Mr Rohner’s predecessor, Peter Wuffli, and Marcel Ospel, the bank’s chairman.

Job Losses: 5500

Related Web Links:

Financial