American Express to cut 4 000 jobs

2015-01-22 09:00

American Express plans to cut its workforce to reduce costs, its saying the company will take a $313m charge from its accounts to cover the costs of the layoffs.

Harmony may cut jobs as gold slumps

2014-11-05 10:43

Harmony Gold has reported a further quarterly loss and suggested it might have to cut jobs as it contends with a depressed gold price and operational problems.

Hundreds of Telkom managers leave

2014-10-24 16:09

More than 300 managers at Telkom have left the company voluntarily as part of a restructuring process, Solidarity says.

Telkom issues retrenchment letters

2014-10-10 21:00

Telkom has issued retrenchment letters to 105 staff members, according the Communication Workers' Union.

Solidarity to tackle TIA layoffs

2014-09-25 20:18

Solidarity says it will do everything in its power to limit the planned layoffs at the state-controlled technology company TIA.

BHP Billiton to cut 700 jobs in Australia

2014-09-23 13:39

Anglo-Australian mining giant BHP Billiton says it will lay off 700 workers at coal operations in central Queensland in a bid to seek cost efficiencies.

Sibanye could cut over 2 000 jobs - sources

2014-09-12 07:00

Mining giant Sibanye Gold is set to drop the axe on up to 2 500 jobs at its Cooke 4 mine, according to two sources.

NUM to fight Petra retrenchments

2014-08-19 19:43

The National Union of Mineworkers has vowed to fight tooth and nail to avoid retrenchments at Petra Diamonds' Helam mine in North West.

Monarch Airlines mulls 1000 job cuts

2014-08-18 18:31

Britain's Monarch Airlines is considering axing up to 1 000 jobs, or nearly one third of its workforce, a source close to the matter says.

Greek state workers strike against job cuts

2014-07-09 13:00

Greek doctors, prison staff and other state workers are protesting against public sector firings imposed as part of the country's €240bn international bailout.

Glencore to cut jobs at Namibia mine

2014-06-03 12:44

Global mining and commodity trading company Glencore is expected to cut about 20% of the staff at its Rosh Pinah zinc and lead mine as it aims to control costs.

Siemens move to allay fears over job cuts

2014-05-30 18:45

Siemens says that not all of the 11 600 people affected by restructuring plans, aimed at saving the company €1bn, will face the axe.

SABMiller SA to cut 1 400 jobs

2014-04-14 16:45

SABMiller will consider cutting 1 400 jobs at its soft drinks bottling unit in South Africa to cut costs, Fawu says.

Griffith: Mine job cuts are inevitable

2014-03-28 19:14

CEO Chris Griffith says job cuts are a certainty in the platinum belt because of losses from a 10-week strike in the industry, raising the risk of further unrest.

Deutsche Telekom to cut 4 900 jobs

2014-03-19 10:37

German telecom giant Deutsche Telekom will cut 4 900 jobs over the next two years from its IT and consultancy unit T-Systems, the company says.

JPMorgan Chase to cut 5 000 jobs

2014-02-25 20:15

US banking giant JPMorgan Chase is set to eliminate 5 000 jobs from its global workforce this year.

Top German insurer to cut 3 500 jobs

2014-02-24 13:00

Barmer GEK, Germany's largest statutory health insurance provider, is slashing 3 500 jobs, due to deteriorating market conditions and changes in client behaviour.

Millions in London face travel chaos

2014-02-04 14:44

Millions of commuters face travel chaos as London Underground prepares for a two-day rail strike over planned job cuts and the closure of ticket offices.

Zambia warns miners over job cuts

2013-11-13 17:45

Zambia has warned mining companies that any moves to lay off workers without consulting the government would be seen as a violation of their investment licences.

Amcu strike continues, despite talks

2013-10-02 13:05

The Association of Mineworkers and Construction says there has been progress in negotiations with Anglo Platinum over retrenchments, but protest action continues.

Investec to cut Aus jobs, warns on profits

2013-09-17 13:18

Investec plans to cut 70 jobs from its Australian operation, its chief executive said on Tuesday.

Amplats to shed 4 800 jobs

2013-08-30 11:43

Anglo Platinum says it will cut around 4 800 jobs through its restructuring process, with 3 300 coming from lay-offs and the remainder from voluntary packages.

Automation causing job losses

2013-08-18 10:18

It seems that the move towards automation is making jobs redundant and there are more skills shortages in certain specialised areas, says an expert.

Job cuts loom at Sibanye Gold

2013-08-15 14:29

Gold producer Sibanye Gold says it could cut jobs following a review of its business.

Job cuts loom as Exxaro mulls closure

2013-08-08 18:42

Coal miner Exxaro Resources says it is considering shutting down its money-losing New Clydesdale Colliery, putting more than 400 jobs on the line.


AngloGold Ashanti plans to cut jobs

2014-11-11 13:15

AngloGold Ashanti is planning to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs.

Rolls Royce to cut 2 600 staff

2014-11-04 16:45

British engineer says it will cut 2 600 jobs over the next 18 months, slashing costs just three weeks after a major profit warning.

UK's Lloyds to cut 9 000 jobs over next 3 years

2014-10-23 09:30

Lloyds Banking Group will next week announce plans to cut 9 000 jobs over the next three years, according to sources.

5 000 jobs on the line at Hewlett-Packard

2014-10-06 19:09

Hewlett-Packard would eliminate another 5 000 jobs as part of its turnaround plan after saying it would split into two listed companies.

Solidarity to tackle TIA layoffs

2014-09-25 20:05

Solidarity says it will do everything in its power to limit the planned layoffs at the state-controlled technology company TIA.

Sibanye, unions to start talks on job cuts

2014-09-12 15:36

Sibanye Gold says it is set for talks with unions about possible job cuts at its Cooke 4 mine, but NUM has threatened to strike if the mine tried to trim staff.

MTN, Solidarity to discuss layoffs

2014-08-29 17:56

Cellphone network service MTN and trade union Solidarity will meet over the company's plans to retrench managerial staff in South Africa, Solidarity says.

Harmony to close shaft, 1 500 jobs on line

2014-08-19 12:57

Harmony Gold will temporarily close its Target 3 shaft because it is bleeding money, a move that could affect up to 1 500 jobs.

Commerzbank plans more cost-cutting

2014-07-28 16:33

Commerzbank, Germany's second-largest bank, is planning further cost-cutting measures that could lead it to axe several hundred jobs.

Alitalia to shed up to 2 500 workers

2014-06-03 13:23

Italian air carrier Alitalia will lose about a fifth of its 12 800-workforce as part of its upcoming alliance with the United Arab Emirates' Etihad Airways.

Gold Fields to shut South Deep mine

2014-05-30 19:34

Gold Fields will close its South Deep mine for between three and four months for safety upgrades, but job cuts are also on the cards, says CEO Nick Holland.

AngloGold to lay off thousands in Ghana

2014-05-25 11:05

AngloGold Ashanti will lay off thousands of workers at its Obuasi gold mine in Ghana and cease underground production for up to 24 months, says mining union leaders.

Fears grow of mine job cuts

2014-04-08 21:00

It is looking more inevitable that a strike on the platinum mines could lead to a painful restructuring process that could result in tens of thousands of job cuts.

BG Group targets job cuts to curb costs

2014-03-21 15:12

Oil and gas producer BG Group has begun offering voluntary redundancy to staff at its British headquarters, as it seeks to reduce headcount and trim costs.

Barclays to cut thousands of jobs

2014-03-14 10:11

Barclays is reportedly planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace top managers.

Qantas may cut 5 000 jobs - report

2014-02-25 13:36

Struggling Australian carrier Qantas it was committed to slashing costs by $1.8bn but refused to confirm or deny a report that it will axe 5 000 jobs.

Strike-hit Amplats warns of restructuring

2014-02-17 18:01

Anglo Platinum has warned that a nearly month-long strike could lead to further restructuring, raising the spectre of more job losses.

Intel to cut staff as earnings stagnate

2014-01-19 14:00

US chip giant Intel will trim its workforce by 5% this year as it shifts from personal computers to powering mobile gadgets.

Alcatel-Lucent to cut 10 000 jobs

2013-10-08 14:07

French-US telecom-equipment maker Alcatel-Lucent is to cut 10 0000 jobs worldwide to reduce fixed costs by 15% in two years, the company says.

BlackBerry could axe up to 40% staff - report

2013-09-19 07:51

BlackBerry is preparing a round of deep staff cuts by the end of 2013 and could lay off as much as 40% of its employees, according to a report.

CEO: Amplats going through tough time

2013-08-30 19:45

Anglo Platinum CEO Chris Griffith says the mine and staff are going through a difficult time as the firm embarks on layoffs.

Amplats set to bleed white-collar jobs

2013-08-19 19:33

Anglo Platinum says in addition to the 6 000 jobs it had been targeting, about 900 corporate and overhead employees will also be affected.

Mineral bill will destroy jobs, warns DA

2013-08-15 18:27

The Democratic Alliance has vowed to stop the mineral and petroleum resources development amendment bill from becoming law because it will cause jobs losses.

Devastating impact of First Tech mess

2013-08-13 12:28

A Fin24 user tells of the shock of a sudden financial crisis due to her husband having lost his job at the troubled First Tech Group (First Strut).

Domino effect of First Tech liquidation

2013-08-01 17:52

An expert has some advice for a Fin24 user who is running the risk of losing his business due to the liquidation of First Tech (First Strut).

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