Investment

HBOS Crooks!

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Source: Sky News

Banking, Investment

UBS layoff 10000 employees.

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Source: Sky news

Banking, Investment

5000 investment bank jobs to go at RBS.

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Source: Derek Alexander at Daily Record

Banking, Investment

3500 more people will lose their jobs at RBS.

In an announcement to staff in its business centres across Britain, RBS said it was cutting another 3500 jobs, taking the total number of UK-based staff made redundant to 20600.

So far 9000 positions at RBS business centres have disappeared, with back office staff in call centres and IT departments making up the larger part of the redundancies as the bank looks for an annual saving of ÂŁ2.5bn.

Among the new cuts, around 1500 are related to RBS’s sale of 318 bank branches to Spain’s Santander.

Total losses = 3500

Source: Telegraph.co.uk

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Banking, Financial, Investment

Lloyds Group to cull a further 240 offshore banking jobs.

Lloyds Bank Group

182 Lloyds posts are going to be lost from operations in Jersey, with the rest of the staff affected in the Isle of Man and Guernsey.

Total losses = 182

Banking, Financial, Investment

The banking world crunch victims of May 2009.

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For the banking and investment world its has been another grim month in the layoff / retrenchment department. Below you will find all the companies that have sacked employees for various reasons and the sources of the information.  The latest news is at the top.

Total Estimated Losses = 32596

Banking, Financial, Investment

ABN AMRO plans to sack 6500 people.

ABN AMRO

Dutch state-controlled bank ABN AMRO plans to cut 6500 jobs over  the next three years and cut costs by 20%.

Banking, Investment

The Klaus Kneale Pink-Slip List (P-SL) for April 2009.

The following Pink-Slip List (P-SL) was compiled by Klaus Kneale.

Job Losses = 19247

April 28: On top of 1850 layoffs announced in January, Clear Channel slashes 590 jobs, bringing cuts to 12% of its original workforce total.
April 27: Lockheed Martin dismisses 225 in New York; cites lost business for Presidential Helicopter Program.
April 27: PPG Industries lays off 110 at fiberglass plant in North Carolina.
April 27: CSX fires more than 150 at New York rail yard.
April 27: General Motors increases originally planned cuts to its U.S. hourly workforce by 8000.
April 24: Carrier Corporation a subsidiary of United Technologies cuts 140 hourly workers.
April 23: Embarq closes call center in North Carolina and dismisses 51 workers.
April 22: Philip Morris International closes North Carolina cigarette plant and fires 1100 workers.
April 22: T. Rowe Price Group reduces workforce by 5.5% (288 jobs), hitting all areas of the company except portfolio managers.
April 22: Capital One Financial cuts 60 employees in its credit card division.
April 20: Brown-Forman Corp. pink-slips 250 workers, or 6% of its global workforce.
April 21: Yahoo! reports 78% drop in first-quarter profit and 5% cut in global workforce (roughly 675 employees).
April 20: Nordstrom cuts 72 jobs in Iowa and Washington.
April 18: Weyerhaeuser closes trucking division in Oregon and cuts 75 jobs.
April 15: Emerson Electric subsidiary in Tennessee fires 200 workers at plant that makes industrial generators.
April 14: Discover Financial Services blames credit losses for 4% workforce reduction (500 jobs).
April 14: Deere & Co. combines two units resulting in 200 pink-slips.
April 13: General Electric fires 100 workers at plant in North Carolina on reduced demand for the plant’s products.
April 9: General Electric’s health care arm fires 179 in Wisconsin.
April 9: Johnson & Johnson cuts 900 jobs in its U.S. pharmaceuticals division as competition in drugs pushes prices down.
April 8: Eastman Chemical notifies 300 employees of layoff; 200 of the cuts are in Tennessee, where the company is based.
April 8: Navistar International pink-slips 350 workers at plant in Ontario.
April 8: Deere & Co. fires 160 workers in Iowa factory in latest of ongoing cuts.
April 6: Weakness in solar power forces General Electric to layoff 85 at solar-panel plant in Delaware.
April 6: Procter & Gamble dismisses 90 workers at Puerto Rico plant that makes skin care products and cold medicine.
April 3: FedEx fires 1000 following a 75% drop in third-quarter earnings announced last month.
April 3: Walt Disney Co. cuts 1900 jobs 1200 people and 700 empty positions at its U.S. theme parks.
April 2: Rite Aid closes a distribution center in Georgia and lays off 297 workers.
April 1: 3M slashes global workforce by 1.5% (1200 jobs) following a December cut of 2300 workers.

Banking, Engineering, Health, Heavy Machinary, Investment, Medical, Pharmaceutical, Photography, Pink-Slips List, Solar Power, Wind Energy

288 job cuts by T Rowe Price.

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Based in Baltimore T. Rowe Price were sacking 5% of their workforce or 288 jobs. Most of the layoffs will occur in the firm’s customer service and technology departments.

Total losses = 288

Investment