Insurance
200 jobs go in general insurance at Lloyds.
Lloyds Banking Group, the part-nationalised lender, has cut a further 200 jobs in its general insurance arm, bringing the total lost this year to 7500.
No slow down in the culling of jobs.
Source: Layoff Tracker
Taylor Bean & Whitaker shuts down, 5000 jobs at stake.
Alcoholic drinks manufacturer Altia furloughs 650 (all) employees.
Neste Oil announces 450 layoffs.
University of Iowa Hospitals and Clinics cuts 285 jobs.
Katana Summit layoffs 70 workers.
Kindred Healthcare layoffs 573 employees in Florida.
Bobcat Company plans to layoff 100 workers.
Analogic Corp layoffs 85 workers.
Insurance giant Axa Life plans to cut 350 jobs.
IBM Global Business Services Division cuts 200 jobs.
Celanese Corp plans to layoff 100 workers.
GKN Plc to cut 1100 jobs in 12 months.
Milwaukee Journal Sentinel cuts 92 jobs.
Seagate layoffs 2000 workers in Singapore.
PNC Financial Services cuts 74 jobs in Miami.
Mohawk Industries cuts 400 jobs in Georgia.
Patriot Coal to layoff 314 workers.
Ticona Polymers to layoff 100 workers in Cleveland .
KV Pharmaceutical layoffs 300 workers .
Virginia International Terminals layoffs 90 employees.
Rainbows United layoffs 70 employees.
Total losses = 12313
Fifty thousand job losses in two weeks.
It has been a grim two weeks around the world with plenty of big name companies letting go employees. Below are just a summary of the ones that caught the news.
Russia’s AvtoVAZ plan to layoff 27000 employees to improve performance at a factory that has been clobbered by the sharp drop in demand for cars.
OCI Chemical Corp layoffs 38 employees
Ashland Inc plans to cut 1800 jobs
True Textile layoffs 84 workers
Verizon Communications cuts 8000 jobs
Power-One cuts 300 jobs
GE Consumer & Industrial to close Kentucky plant 125 jobs lost
ATK Space Systems to cut 450 jobs in October
Contec Holdings layoffs 132 workers
Amgen layoffs 100 employees
Hartford Financial Services cuts 270 jobs
Portola Tech International layoffs 130 employees
IMS Health plans to cut 850 jobs
Air Products and Chemicals to cut 1150 jobs
Minerals Technologies plans to cut 200 jobs
Stanley Works cuts 200 jobs worldwide
Flash Networks layoffs 40 cuts salary for others
Bell Helicopter layoffs 150 workers in Canada
Branson Ultrasonics to close Honeoye Falls plant 46 jobs lost
GE Oil and Gas layoffs 93 employees
Law firm Dechert cuts 25 jobs
American Coal Company layoffs 37 workers
Siemens plans to cut 1400 jobs in Europe
Avon to cut 1200 jobs
Pratt & Whitney to cut 1000 jobs in Connecticut
Yahoo to cut 675 jobs
Alliance Resource Partners layoffs 72 employees
Assurant Employee Benefits plans to cut 91 jobs
Hardinge layoffs 50 workers
Intel plans to layoff 294 employees in Ireland
US Airways plans to cut 34 jobs at General Mitchell International Airport
Belden to close Mass. plant lay off 170
Erica Lyons to lay off 75 close Miami facility
Continental Airlines cuts 1700 jobs
Gemini Manufacturing Corp to layoff 81 workers
Carlisle Tire & Wheel to close North College Street plant 340 jobs at stake
Cygnus Business Media cuts 50 jobs
Buckeye Partners layoffs 260 employees
Microdyne to close Groveport center layoffs 78
Arizona Attorney General’s Office cuts 29 jobs
Kimberly-Clark cuts 750 jobs
D.C.’s Department of Mental Health layoffs 120 employees
Harley-Davidson Financial Services cuts 100 jobs
Source: Layoff Tracker
Total losses = 50392
Lloyds Group to sack another 1200 people.
Lloyds TSB is to cut a further 1200 jobs bringing the total to nearly 8500 this year. The latest job cuts are in group operations and insurance divisions.
Total losses = 1200
Related Web Links:
Lloyds Group to fire another 2100 employees.
Lloyds Group to cull a further 240 offshore banking jobs.
Lloyds TSB to axe 625 bank staff.
Lloyds Banking Group cutting 985 jobs.
Crunch victims for first week of June 2009.
Here is a sample of job losses, layoffs, and people being fired for various reasons during the first week of June 2009. Not a good sight to see.
Machester Tank closes plant, 66 jobs lost
Fort Wayne Foundry Corp cuts 461 jobs
Harsco Corp cuts 90 jobs
Nearly 100 Turner Industries contract maintenance workers were laid off from the Georgia Gulf plant in Plaquemine
Lockheed Martin layoffs 100 employees
10000 jobs under threat at Royal Dutch Shell
Multiserv layoffs 90 employees
Volvo USA cuts 135 jobs
Southco Inc. laid off 200 employees throughout its global network Wednesday, including 69 at its Delaware County headquarters. The general economic conditions were the cause of these reductions.
Penske Logistis layoffs 53 truck drivers
Nestor Traffic Systems goes into receivership, more than 100 jobs at stake
ABB cuts 25 jobs at Jefferson City plant
Trane Inc will layoff 320 at Pueblo plant by August
Barlow Lyde & Gilbert layoffs 49 in England
McDermott layoffs 25 lawyers and 47 staff
Satyam may layoff only 5000
Philips Products closes Stayton plant, 125 jobs lost
Call centre operator MCCI layoffs 450
University of Colorado cuts 75 jobs
Paragon Industries cuts 105 jobs
Tree of Life layoffs 39 jobs
Hardigg Industries cuts 50 jobs
AGCo cuts 60 jobs
Rheem Manufacturing cuts 470 employees
Aegon USA a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisville offices at Aegon Tower.
Emerson lays off 176 in Minnesota
Capital Group cuts 820 jobs
Principal Financial Group cuts 220 jobs
Ken-American Resources layoffs 75 employees
Fidelity Investments layoffs 45 in Merrimack
Dorsey & Whitney cuts 55 jobs
Harris Corp layoffs 100 mechanical engineers
Waukesha Engine cuts 113 jobs. The layoffs, plus the 84 layoffs and 17 early retirements in February, account for 40 percent of the plant’s union members. The company blames the Economic Downturn has affected their product so they are trying to align their work force.
Wausau Paper closes Appleton facility, 100 jobs lost
John Deere layoffs 494 workers at Iowa plant
Nanogen layoffs 89 employees
Suzuki & Mitsubishi car delarships to close in Hernando County, 80 jobs lost
Autodesk Inc to cut 430 jobs in latest round of layoffs
Metlife layoffs around 250
Greenwich Hospital layoffs 77 employees
Plenty of crunch victims as May comes to an end.
The following list was sourced from Layoff Tracker. Just some of the companies laying off people in the past two days.
- AG cuts 16% of work force.
- Arctic Cat layoffs 60.
- Young Touchstone layoffs 140.
- HP to layoff 850 in Scotland.
- Gevity layoffs 50 including CEO CFO & CIO.
- Allstate Insurance cuts 55 jobs.
- Cookson Group cuts 21% of workforce.
- Sovereign Bank layoffs 81 in Rocky Hill.
- Catalyst Paper layoffs 100.
- Harris Bankcorp layoffs 60 managers.
- Saint Joseph Mercy Health System plans to cut 350 jobs.
- Gulfstream Aerospace cuts 25% of work force.
- Rosemount Inc layoffs 80.
- Metabasis cuts 35 jobs in Michigan.
- Metlife has laid off 1000 till now.
- Usiminas cuts 1300 jobs.
- Herbert Smith layoffs 84 in London.
- ABB cuts 540 jobs in France.
- Siemens cuts 1000 jobs.
Legal & General cutting 560 jobs.
Legal & General are sacking 300 full-time staff and 260 contractors and temporary workers and are part of the 10% head count reduction the company revealed it was likely to make earlier this year.. The company blames the current economic climate for the losses.
The job losses will be spread across the company’s offices in London, Cardiff, Hove and Kingswood in Surrey.
Total losses = 560
April Losses
Freedomdirect 17 April 108
Aveva 17 April 80
Roger Bullivant 16 April 95
Air France-KLM 2500-3000 April 15
Hallmark 750 April 14
Siemens 14 April 45
Russian Railways 53700 April 9
RSA 9 April 1200
LyondellBasell 3000 April 8
Michael Page 8 April 809
RBS 7 April 4500
BA 3 April 300
Filtrona Filters 2 April 233
AVX 2 April 130
Bombardier Inc 3000 April 2
Aviva 2 April 1100
EDC 1 April 260
Jarvis 1 April 450
Co-op 1 April 140
RSA Insurance Group PLC slashes around 400 jobs in Bristol.
RSA is closing its Bristol operations, cutting around 400 full-time job although this affects 500 people as many posts are job shares, this is all in aid of reducing costs.
RSA is a personal and commercial insurer with 42% of its operation in the United Kingdom. In Bristol the company can trace its routes back centuries to Royal Fire Insurance.
Total losses = 400
Swiss Re to axe 1150 jobs.
The world’s second largest reinsurance group, Swiss Re has announced plans to cut 10% of its 1150 staff following record losses that forced the company to turn to Warren Buffett for capital.
Total losses = 1150
Related Web Links:
Norwich Union owners Aviva let go 1100 employees.
UK insurer Aviva, which owns Norwich Union, is to cut 1100 jobs in the next 8 months. Most of the jobs will be lost at offices in York, Norwich, Sheffield and Eastleigh.
Bad news for at least 18 companies or 21000 jobs.
Quoted from Bloomberg
Not a great Friday after news that roughly 21000 jobs would be lost for at least 20 companies.
- Hertz, the second-largest U.S. rental-car company, said it will cut more than 4000 jobs.
- WellPoint, the second-largest U.S. health insurer, will end 1500 jobs, which include 600 workers and 900 open positions.
- Clear Channel Communications Inc. will lay off 1500 employees on Jan. 20, mostly in ad sales.
- ConocoPhillips, the second-largest U.S. refiner, announced after the markets closed that it plans to cut 4 percent of its workforce, or about 1350 jobs.
- Advanced Micro, the second-largest producer of personal- computer processors, said it will eliminate 1100 jobs by the end of the first quarter.
- Amonil said it will cut 45 percent of its staff, or 389 jobs, this year.
- Magneti Marelli will eliminate 800 jobs in Brazil, or 10 percent of its workforce there.
- General Electric Co.’s finance arm may cut 7500 to 11000 jobs, or at least 10 percent of its workforce.
- De Beers, the world’s biggest diamond company, said it will cut jobs at its six mines in South Africa, totaling “less than” 1000 people.
- Interwoven Inc., the provider of data-management software, announced after trading hours that it would cut 70 jobs.
- Blue Cross Blue Shield of Michigan will cut up to 1000 jobs in 2009.
- Renold Plc, the maker of the chains that drive the clock in London’s Big Ben, announced 350 job reductions.
- WS Atkins Plc, the U.K.’s biggest engineering-design company, plans to eliminate 210 jobs at its Middle East operations.
- Scania AB, Sweden’s second-largest maker of heavy trucks, said it won’t renew contracts for 2000 temporary employees to adjust production because of weaker demand.
- Haynes International Inc., the manufacturer of alloys for use in aerospace and chemical processing, said it will eliminate 12 percent of its global workforce.
- Varian Inc., manufacturer of scientific instruments and vacuum technologies, will shed 240 jobs.
- Banco Santander SA, Spain’s biggest bank, eliminated 400 jobs in Brazil after buying ABN Amro Holding NV’s Banco Real unit in the country.
- Harry & David Holdings, a fruit and food retailer, said it would cut more than 100 positions.
Job losses: +-21000
Original article By Oshrat Carmiel, ocarmiel1@bloomberg.net
