Mining
Shell to axe 1000 staff after 75% slump in profits.
Oil giant Shell is axing another 1000 staff after revealing a 75% slump in profits. The multi-national’s latest clear-out is on top of 5,000 redundancies announced by the firm last year.
Bosses were tight-lipped on where the latest cuts would fall but hundreds of UK workers lost their jobs in the last round. It comes amid fears for 900 staff at Shell’s Stanlow oil refinery.
Source: The Mirror.co.uk
Total losses = 1000
Anglo American have sacked over 15000 employees.
Anglo American has reported a profit of $2.97 billion for the six months ended June 30, 2009, a fall of 30.6% over the same period a year ago and as a result over the past few months more than 15000 jobs have been cut.
Total losses = 15000
Big layoffs at AM General, GE Capital, Ethan Allen interiors.
- AM General plans to cut 250 jobs by 2010.
- Winston-Salem State University cut 46 job.
- GE Capital layoffs 127 employees at Bedford.
- Hovensa oil refinery layoffs 270 contract workers.
- Quality Industries layoffs 111 employees.
- National Archive Publishing Co layoffs 120.
- Ethan Allen Interiors cuts 320 jobs.
Total losses = 1244
Corus lets go another 2000 workers.
Corus plans to cut a further 2000 jobs in Britain’s industrial heartlands. 500 jobs are to go in Scunthorpe and 800 in Rotherham, both towns in northern England.
Earlier this year Corus axed 2500 jobs.
Total losses = 2000
Total losses so far = 4500
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900 oil workers at Total sacked after unofficial strike.
Strikes at the best of time are annoying to the general public, but unofficial strikes… they are just lazy people taking the piss in my opinon, and for one oil company it was the last straw. French giant Total wrote to all 900 workers at its Lindsey oil refinery in Lincolnshire saying they had until Monday to reapply for their jobs. (Good on them!). There are loads of people out of work and they would give their right arm to be in those positions.
Total (how fitting) losses = 900
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
FLSmidth to cut 700 jobs after 1st quarter plunge.
Denmark’s leading equipment supplier to the cement and mining industries, FLSmidth & Co. will cut 700 jobs due to weak demand for it’s products., this is after orders took a plunge in the first quarter of 2009.
Total losses = 700
Severstal is laying off more than 900 workers in Ohio.
Mining and steel company Severstal is laying off more than 900 workers in Ohio as it idles operations in Steubenville, Martin’s Ferry and Yorkville. The layoffs have already started and will continue until June 10th when all of the facilities will be shut down, according to a notice filed with the state of Ohio.
Total losses = 900
Lonmin PLC retrench 5530 platinum workers at Johannesburg mine.
Lonmin Plc, the world’s third-biggest platinum producer, retrenched 5530 workers at its South African operations after demand plummeted due to the Auto Industry Downturn.
Job losses = 5530
Apache Corporation. is Laying Off 200 employees.
One of the world’s top independent oil and gas producers Apache Corp is laying off about 6 percent of its global workforce amid lower commodity prices and weaker drilling and exploration activity. The move will cut more than 200 jobs and affect all of the Houston-based company’s major operations around the world.
Total losses = 200
Konkola Copper Mines (Zambia) lays off another 1300 workers.
The redundancies represent about 10% of the company’s entire workforce. Many of Zambia’s mining companies have been forced to make dramatic job cuts during the global Economic Downturn.
Yet another company blaming ED!
The 673 job losses over the weekend are on top of the 623 workers that were sacked on the 9th of April 2009.
Total losses = 1300
Rio Tinto to cut 700 job over Easter.
Rio Tinto has cut 600 jobs at the local alumina refinery in Gladstone, a central Queensland city. The company blamed falling commodity prices on the job cuts. Another 100 jobs will go in Weipa, where they produce bauxite.
Rio Tinto Alcan spokeswoman Diane Collier a Rio Tinto Alcan Spokeswoman said,
Job shedding will put the company in a stronger position. We are responding to market conditions – they are tough. The outlook for aluminium remains poor and really if we do this now we hopefully will be repositioning ourself well for when the commodity prices return and the market recovers.
Job losses = 700
Citgo Announces 75 Layoffs in Venezuela after blaming ED.
Venezuela’s Citgo Petroleum says it’s laying off 75 employees because of the world economic crisis (WEC). The company says it’s restructuring to better adapt to the Economic Downturn.
Total losses = 75
40 jobs cut at Burton Downs coal mine in Queensland.
Quoted from ABC News Australia
The Construction, Forestry, Mining and Energy Union (CFMEU) says it will fight to stop job cuts at the Burton Downs coal mine in central Queensland.
Thiess is the main contractor at the mine south-west of Mackay, but it is owned by Peabody Energy Australia Coal.
The company says 40 jobs will go, but it is keeping job cuts to a minimum.
Job losses: 40
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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
