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Layoffs News

Tata Steel to cut up to 3,000 jobs in Europe

Den Haag - Indian group Tata Steel said Monday it would slash up to 3,000 jobs in Europe as it restructures European operations following the collapse of a planned merger.

Lowe's lays off thousands as it turns to third-party vendors

Home improvement retailer, Lowe's, is laying off possibly thousands of workers from its 1,725 stores across the country. The cuts reportedly only affect in-store assemblers and maintenance staff.

Nissan confirms profit plunge as job cuts reported

Apo - Japanese car giant Nissan confirmed Wednesday it will report a plunge in first quarter operating profit as media reported the struggling automarker plans to cut more than 10,000 jobs worldwide.

Nissan to cut over 10,000 jobs worldwide: reports

Apo - Japanese car giant Nissan plans to cut more than 10,000 jobs worldwide, reports said Wednesday, as it works to turn its fortunes around after its former chief was arrested over financial misconduct.

Dismissed Deutsche Bank staff head out as overhaul bites

London - From Asia to the United States, disconsolate staff at Deutsche Bank dealt Monday with news of massive layoffs with some already heading to the exits to drown their sorrows.The German giant's share price fell to a low of 6.66 euros ($7.

Ford cutting 12,000 jobs in Europe in restructuring effort

Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and huge investments to build low emission cars.

Unions hit out at Ford plan to close Wales plant in 2020

London - US automaker Ford will close its engine plant in south Wales next year, threatening more than 1,500 jobs, in a "grotesque act of economic betrayal", British unions said on Thursday.

Ford Motors cutting 7,000 white-collar jobs worldwide

Ford is cutting 7,000 white-collar jobs, or about 10 percent of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year.

Amazon's 'collaborative' robots offer peek into the future

New York - Hundreds of orange robots zoom and whiz back and forth like miniature bumper cars -- but instead of colliding, they're following a carefully plotted path to transport thousands of items ordered from online giant Amazon.

Spanish supermarket Dia to slash jobs

Madrid - Financially troubled Spanish supermarket group Dia said Friday it wanted to cut up to 2,100 jobs as it reported a massive loss.

GM begins first round of layoffs — axing 4,000 workers

Detroit - General Motors began involuntary layoffs on Monday, hoping to complete the latest round of cutbacks before releasing its fourth-quarter earnings on Wednesday.

Stratolaunch cuts back operations, dropping rocket plans

Stratolaunch, the private spaceflight company building the world's largest and, perhaps, most bizarre-looking airplane, is scaling back its operations. More than 50 employees will be laid off as part of the company's "streamlining" plan.

AFP to cut 95 jobs, CEO says, scaling back initial 125 target

Paris - Agence France-Presse will cut 95 jobs over the next five years, 30 fewer than announced in October, without affecting targeted savings, CEO Fabrice Fries said Monday.

Thomson Reuters announces 3,200 job cuts over two years

Montr - Financial data and news agency Thomson Reuters announced Tuesday cuts of 3,200 jobs and dozens of office closures worldwide over the next two years as part of a restructuring.

Canadian workers slam GM plant closure as 'slap in face'

Oshawa - Canadian auto workers walked off the job in protest Monday as General Motors said it would shutter a plant that has been a fixture of Oshawa, Ontario since 1953 -- drawing protests from union bosses and the country's prime minister.

General Motors says cutting 15% of workforce to save $6 bn

Washington - In a massive restructuring, US auto giant General Motors announced Monday it will cut 15 percent of its workforce to save $6 billion and adapt to "changing market conditions.

S. Africa's cash-strapped public broadcaster eyes massive layoffs

Johanesburg - South Africa's cash-strapped public broadcaster SABC is considering laying off nearly 1,000 people, or about one third of its full-time staff, in a bid to turn around its "dire" finances, according to a document seen on Tuesday.

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.
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Falcon 9 successfully launched 10 NEXT satellites to orbit on January 10. This was the eighth set of...
Falcon 9 successfully launched 10 NEXT satellites to orbit on January 10. This was the eighth set of satellites in a series of 75 total satellites that SpaceX has launched for Iridium’s next generation global satellite constellation, Iridium NEXT.
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
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.
Shane Smith during the 2017 Mobile World Congress in Barcelona  Spain.
Shane Smith during the 2017 Mobile World Congress in Barcelona, Spain.
Stefan Schäfer, Lich

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