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Layoffs News

As Trump promotes his tariffs, companies are laying off workers

The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn't show signs of slowing down, forcing many U.S. companies to make some hard decisions about where to cut costs.

Cameco suspends uranium production at Canadian sites

Saskatoon - In the face of rock-bottom uranium prices, Cameco Corporation is indefinitely shutting down its Key Lake mill and McArthur River mines in Saskatchewan, laying off close to 700 employees.

Tenaris lays off Canadian workers as Trump steel tariffs bite

Sault Ste. Marie - Even as Canada's retaliatory tariffs go into effect today against President Trump's tariffs on steel and aluminum - a steel pipe manufacturer in Ontario is temporarily laying off 40 workers, according to a company spokesman.

Deutsche Bank slashes over 7,000 jobs in major shake-up

Frankfurt Am Main - Germany's largest lender Deutsche Bank said Thursday it will slash over 7,000 jobs globally and dramatically scale back its investment banking activities as it seeks to turn the page on years of losses.

Carrier plant Trump made campaign deal with lays off more workers

Over 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 trumpeting his deal to save jobs and prevent its closure.

Strike over Teva layoffs briefly halts flights at Israel's main airport

Jerusalem - Flights at Israel's main airport were suspended for several hours on Sunday as part of a strike against plans by pharmaceutical giant Teva to shed employees.

Israel drug giant Teva announces 14,000 job cuts over two years

Jerusalem - Israeli pharmaceutical giant Teva announced Thursday it plans 14,000 job cuts over two years as it unveiled a wide-reaching restructuring plan after facing low prices for generic drugs.

General Motors idles Detroit plant, lays off 1,500 workers

Detroit - General Motors confirmed on Thursday it was idling its Detroit-Hamtramck plant for six weeks starting in mid-November and will cut car production by about 20 percent when the plant reopens.

Drive towards the cloud leads Microsoft to layoff thousands

Microsoft is poised to layoff thousands of employees as it embarks on a restructuring of its global sales team. According to several reports published in the past week, the layoffs are connected to Microsoft's intent to double down on cloud software.

Sears Canada files for creditor protection

Montr - Sears Canada filed for court protection from creditors Thursday as the onetime retail giant seeks to adapt to a changed landscape and tougher online competition.

Ford to cut 10% of global workforce: report

New York - US auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10 percent of its global workforce, the Wall Street Journal reported late Monday.

GM to lay off 1,100 as it shifts production and cuts third shift

Lansing - General Motors Company will lay off 1,100 employees in May at its Lansing Delta Township assembly plant in Michigan when it cuts the third shift.

Twitter plans to layoff hundreds of employees

Twitter is reportedly planning to layoff as much as eight percent of its staff, or around 300 employees. The news comes after Twitter failed to find a potential buyer.

New job cuts expected by ailing tech giant Yahoo

Sunnyvale - Ailing Internet giant Yahoo could cut 15 percent of its workforce and close several business units in a cost-cutting move expected to be announced tomorrow.

Major pharmaceutical companies announce big layoffs

We are only into the early days of 2016 but this hasn’t slowed the actions of companies doing anything to protect their share prices. Two big pharmaceutical companies have already announced plant closures and layoffs.

Four Air France employees sacked over shirt-ripping incident

Paris - Air France said Thursday it had sacked four employees and started dismissal proceedings against a union representative over chaotic scenes last month when two of its executives had their shirts shredded by angry staff.

Round-up of the week's pharmaceutical industry news

Digital Journal has assessed the key developments in the pharmaceutical sector this week and brings you the latest company mergers, suspect business practices, and ‘structural adjustments.’

Biogen lays off 880 workers

Pharmaceutical company Biogen, based in Cambridge, Massachusetts , has laid off 880 employees in a large restructuring move. The company also plans to halt some drug development projects.

Five Air France workers face trial in December

Paris - Five Air France employees will stand trial on December 2 for their alleged role in violent scenes last week during which one of the struggling airline's executives had his shirt ripped off.

Six arrested over Air France violence

Paris - Six Air France employees were arrested Monday for their alleged roles in a violent protest that forced an executive for the struggling airline to flee an angry mob after his shirt was ripped off.

Arrests over Air France violence angers unions, left

Paris - Six Air France employees were arrested Monday for their role in a violent protest that forced an executive for the struggling airline to flee an angry mob after his shirt was ripped off.

Most French 'understand' irate Air France workers: Poll

Paris - A majority of French people "understand" the behaviour of striking Air France workers who attacked two of the airline's managers this week, ripping their clothes, a poll to be published Sunday showed.

Monsanto on defensive over lawsuits as it lays off 2,600 workers

Monsanto has been put on the defensive and is coming out fighting after two U.S. farm workers filed lawsuits last month, claiming the chemical in Roundup causes cancer. At the same time, the seed company is laying off 12 percent of its workforce.

Hollande warns Air France violence 'could harm country's image'

Paris - French President Francois Hollande said Tuesday scenes of Air France executives fleeing an angry mob after having their shirts ripped off by striking workers were "unacceptable" and put the country's image at risk.

Air France executive 'almost lynched' in job cut protests

Paris - Air France's human resources manager had his shirt stripped from his body as he was "almost lynched" on Monday by workers protesting a plan to cut 2,900 jobs from the struggling airline.

Amazon laying off hardware staff after $170m Fire Phone failure

Dozens of Amazon engineers responsible for its failed attempt to enter the smartphone market with the Fire Phone are being told they are no longer required, according to a report today. The company is reorganising its general hardware efforts.

Cutbacks at coffee pod giant hit small Vermont town

Waterbury - Cutbacks at Keurig Green Mountain Inc., the people behind the single-cup pod brewers that revolutionized how coffee is made across the country, could mean trouble for the tiny Vermont town they have called home since 1995.

BlackBerry announces global layoffs in next stage of turnaround

Phone company BlackBerry has announced that it will be starting off a new wave of layoffs as it progresses into the next stage of its ongoing turnaround strategy. The company's success has fallen dramatically in the face of powerful smartphone rivals.

Microsoft lays off hundreds more employees in restructuring plan

Microsoft has laid off hundreds more employees amid its continuing "restructuring" plan started last summer by CEO Satya Nadella. It is unknown exactly how many have been affected by the latest round of cuts.

Youth makeup company Bonne Bell closing shop

Westlake - Back in the 70s and 80s every teen girl had at least one tube of Lip Smackers in her purse. The coveted colourful tubes contained lip gloss with flavours like Dr Pepper and Sour Grapes has been manufactured by Bonne Bell since 1973.
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General Motors  Michigan assembly plant.
General Motors' Michigan assembly plant.
General Motors
Located in northern Saskatchewan  the McArthur River mine has an annual uranium capacity of 18.7 mil...
Located in northern Saskatchewan, the McArthur River mine has an annual uranium capacity of 18.7 million pounds of U3O8.
Cameco Corp.
2016 Chevrolet Volt (second generation) unveiled at the January 2015 North American International Au...
2016 Chevrolet Volt (second generation) unveiled at the January 2015 North American International Auto Show January 17, 2015.
2016 Chevrolet Volt NAIAS 2015.jpg: William Oliver