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FACTBOX - Job cuts mount as global downturn bites

Views 1 Views    Comments 0 Comments    Share Share    Posted 17-12-2008  
Dec 16 2008:British electronics group Laird Plc on Tuesday announced the loss of 5,000 jobs, or nearly half its staff, as it predicted fourth-quarter revenues would be

25-30 percent below last year on a drop in demand.

The company said the jobs will have gone by the end of the final quarter from its manufacturing operations in North America and Asia.

Following are some details of major job cuts announced by companies in non-financial sectors since the beginning of September:

REGION - EUROPE:

COMPANY SECTOR NUMBERS DATE

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Renault Auto 6,000 Sept 09

Stora Enso Paper 3,150 Sept 10

UPM-Kymmene Paper 1,600 Sept 10

Alitalia Airlines 3,000 Sept 15

Akzo Nobel Manufacturing 3,500 Sept 29

Daimler AG Auto 2,300 Oct 14

ONO Telecoms 1,300 Oct 24

GKN Plc Auto 1,400 Oct 27

Volvo Auto/Equipment 4,340 Sep/Oct/Nov

BASF Chemicals 1,000 Oct 30

GlaxoSmithKline Pharma 1,200 Nov/Dec

ChTPZ Group Steel pipes 4,900 Nov 07

Telekom Austria Telecoms 1,250 Nov 10

Nokia Siemens

Networks Telecoms 1,820 Nov 11

British Telecom Telecoms 10,000 Nov 13

Spansion Inc Semiconductor 4,000 NOV 18

Wolseley Plumbing/Heating 7,300 Nov 18

Supplier

AstraZeneca Plc Drug maker 1,400 Nov 20

PSA Peugeot-Citroen

Auto 3,550 Nov 20

Rolls-Royce Engine maker 1,500-2,000 Nov 20

Sandvik Tool maker 2,400 Nov 20

freenet AG Telecoms 1,000 Nov 20

Philips Electronics

Healthcare 1,600 Nov 22

Skanska Construction 3,400 Nov 25

ArcelorMittal

Steel 9,000 Nov 27

Suzuki Motor Corp Auto 1,200 Nov 28

Telecom Italia Telecoms 9,000 Dec 3

SSAB Steel 1,300 Dec 8

SKF Bearings 2,500 Dec 10

Rio Tinto Mining 14,000 Dec 10

Stanley Works Tools 2,000 Dec 11

DSM NV Chemicals 1,000 Dec 15

Electrolux Home Appliance 3,000 Dec 15

Laird Plc Electronics 5,000 Dec 16

REGION - NORTH AMERICA:

COMPANY SECTOR NUMBERS DATE

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Hewlett-Packard IT 24,600 Sept 15

Federal Mogul Auto, Engg. 4,000 Sept 17

eBay IT 1,000 Oct 06

Micron Technology IT 2,800 Oct 09

BorgWarner Auto 1,250 Oct 17

Yahoo Inc Technology 1,500 Oct 22

Merck & Co Pharma 6,800 Oct 22

XEROX CORP Technology 3,000 Oct 23

Chrysler LLC Auto 6,000 Oct 24

Whirlpool Corp Consumer 5,000 Oct 28

Gannett Co Inc Media 3,200 Oct 28

YRC Worldwide Inc Transport 3,750 Oct 29

Tenneco Inc Auto 1,100 Oct 29

Wabco Auto 1,000 Oct 29

Motorola Mobile phones 3,000 Oct 30

TRW Auto 1,000 Oct 30

ArvinMeritor Inc Auto 1,250 Oct 31

Mattel Inc Consumer 1,000 Nov 06

Ford Motor Co Auto 2,260 Nov 07

DHL Express BV Transportation 9,500 Nov 10

Nortel Communications 1,300 Nov 10

Applied Materials Technology 1,800 Nov 12

Sun Microsystems IT Up to 6,000 Nov 14

Pepsi Bottling Group

Inc Soft drink 3,150 Nov 18

Neptune Orient Lines

Transportation 1,000 Nov 19

UAL Corp Airlines 1,200 Dec 3

AbitibiBowater Inc Paper 1,100 Dec 4

AT&T Inc Telecom 12,000 Dec 4

DuPont Chemical 2,500 Dec 4

Avis Budget Group Inc

Car Rental 2,200 Dec 4

Dow Chemical Co Chemical 5,000 Dec 8

Wyndham Worldwide Corp

Hotel 4,000 Dec 8

3M Co Manufacturer 2,300 Dec 8

Anheuser-Busch InBev NV

Breweries 1,400 Dec 8

Danaher Corp Manufacturing 1,700 Dec 8

Office Depot Inc Retail 2,200 Dec 10

BorgWarner Inc Auto 3,000 Dec 11

Furniture Brands

International Inc Furniture 1,500 Dec 11

Fairchild Semiconductor

International Inc IT 1,100 Dec 12

REGION - ASIA-PACIFIC:

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COMPANY SECTOR NUMBERS DATE

Nissan Auto 2,500 Oct 13

Nikon Cameras 1,500 Nov 22

Sony Corp Electronics 16,000 Dec 9

REGION - AFRICA

--------------------------------------------------------------

COMPANY SECTOR NUMBERS DATE

Lonmin Mining 5,500 Nov/Dec

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REGION - MIDDLE EAST

--------------------------------------------------------------

COMPANY SECTOR NUMBERS DATE

Saudi Basic Industries

Corp (SABIC) Plastics 1,000 Dec 11

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TOTAL 284,870

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Source:
http://in.news.yahoo.com/137/20081216/371/tbs-factbox-job-cuts-mount-as-global-d
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