May day Monday!
It might be a May day holiday in the UK today, but it seems the job loss announcements have not abated.
- London-based advertising company WPP Group Plc will cut a total of 7200 jobs this year, hurt by cuts in client companies’ advertising spending amid the recession. Of the total planned job reductions, about half has already been lost, with the rest expected to go by the end of 2009.
- Software group Sage will announce 1000 job cuts.
- Plumbing giant Wolseley is axing more than 250 jobs at two sites in Lancashire and Oxfordshire. The bulk of the losses will be made at its distribution centre in Chorley with 133 jobs going when the lease on the building expires this August and it is also closing a distribution centre in Didcot with the loss of 76 jobs.
- XFM and Gold radio stations will be losing at least 20 jobs. Redundancies are expected online, in marketing and design departments too.
- Global defence giant BAE Systems announced the loss of 500 jobs and the closure of three sites, partly because of the withdrawal of British troops from Iraq. 50 jobs will go at its Newcastle plant on Scotswood Road, while sites at Telford in Shropshire, Leeds and Guildford in Surrey will close by June next year, with some compulsory redundancies expected.
- Five Pizza Hut restaurants are to close with the loss of around 130 jobs after the company which holds the Northern Ireland franchise went into administration.
- Vestas Wind Systems will slash it’s workforce by 1900. The company that makes wind turbines will make the redundancies mostly in Denmark and the UK, include 450 at it’s factory on the Isle Of Wight.
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically each day to your feed reader. Alternatively you can follow us on Twitter.
