Tag Archives: layoffs

HP’s layoffs will exceed 55,000 people, CFO says

By 

HP’s CFO Cathie Lesjak says the company will cut up to an additional 5% more people from its workforce than the 55,000 people it had planned to eliminate.

This is a long-running layoff that began in 2012 with an initial target of 25,000 jobs, but grew until the target became 55,000 people.

Now it’s grown again. Lasjak didn’t give a new total number although she said the additional job cuts won’t force HP to spend more on restructuring than it had planned.

Read more » Business Insider
See more » http://www.businessinsider.com/hp-layoffs-to-exceed-55000-people-2015-8

Group layoffs soar in Alberta

By MARIO TONEGUZZI, CALGARY HERALD

With hundreds more announced job cuts looming, group layoffs in Alberta this year have surpassed 11,000 workers, according to employer data.

Companies are required to notify the province if they intend to terminate 50 or more employees within a four-week period. The government has received 72 such notices affecting 11,399 workers, said Pam Sharpe, a Jobs, Skills, Training and Labour Ministry spokesperson.

For all of 2014, the province received 35 notices involving 7,508 employees.

Of the announced 2015 layoffs, almost 75 per cent were related to the energy sector, while about one quarter involved the retail, food and financial services. Just this week Cenovus said it was cutting 300 to 400 office jobs in Calgary.

Read more » Calgary Herald
See more » http://calgaryherald.com/business/energy/group-layoffs-soar-in-alberta-to-more-than-11000-so-far-this-year

Massive national strike shakes South Korea

South Korean union vows all-out strike in sympathy with rail workers

SEOUL – (Reuters) – South Korea’s militant labor federation announced a general strike from Saturday in sympathy with rail workers, after police hauled away scores of strikers in a two-week dispute that has hit President Park Geun-hye’s popularity ratings.

The Korean Confederation of Trade Unions (KCTU) has more than 690,000 members from sectors including construction and public transport and any stoppage could bring the country to a halt.

Workers with the state-run Korea Railroad walked off the job in protest against a decision to set up a unit to run a high-speed bullet train, which they say will lead to privatization and layoffs.

Hundreds of riot police stormed into the umbrella group’s head office on Sunday in a bid to arrest union leaders. They detained about 130 strikers and confederation members.

“The KCTU will show our anger by action, not words, against infringement of KCTU,” the confederation said in a statement on Monday, promising an all-out strike from Dec 28.

Continue reading Massive national strike shakes South Korea