European banks to cut 20 000 jobs

2016-10-03 15:45

European banks are preparing a fresh round of bloodletting - with some 20 000 jobs set to go - as tougher rules and negative interest rates weigh on profits.

Ab InBev plans to cut 5500 jobs after SABMiller takeover

2016-08-26 11:37

AB InBev is expecting to cut about 3% of its enlarged workforce in the three years after its takeover of SABMiller as it seeks to maximise savings from the merger.

Sibanye Gold to cut jobs at loss-making Cooke 4 mine

2016-07-11 11:15

Sibanye Gold has begun talks with unions for job cuts at its Cooke 4 mine after failing to stem heavy losses at the operation.

Brexit risks 400 000 UK services jobs

2016-06-03 12:22

Chancellor of the Exchequer George Osborne believes hundreds of thousands of jobs may be lost in the service sector if the UK leaves the European Union.

Brexit may spark yearlong recession, cost jobs

2016-05-23 12:00

The UK government has issued its starkest warning yet about the dangers of a vote to leave the European Union, sparking a decline in the pound.

Telkom’s job cuts bill surges to R2.2bn

2016-05-09 16:27

About 4 200 Telkom employees have accepted voluntary early retirement and severance packages at cost of R2.2bn to the company, according to a market update.

Nearly 60 000 in SA face jobs axe, report shows

2016-04-26 12:57

South Africa is in the midst of an almost perfect storm that is destroying jobs, says Solidarity CEO Dr Dirk Hermann.

Exxaro may cut up to 565 jobs: Solidarity

2016-04-19 09:24

Exxaro plans to cut up to office jobs as it tries to cut costs in the face of depressed prices and the loss of a major contract, says the Solidarity trade union.

Over 1 000 staff choose to leave Telkom

2016-04-05 14:16

Telkom is said to have accepted 1 184 applications for voluntary redundancy, reducing its workforce by about 8.5%.

FNB to cut jobs as SA economy slows

2016-03-15 07:51

FirstRand plans to close branches at its retail-banking unit FNB as the continent’s biggest lender by market value responds to an economy on the brink of a recession.


NUM to strike against job cuts at Sibanye Gold

2016-09-05 17:26

The National Union of Mineworkers plans to march against planned retrenchments at Sibanye Gold's loss-making Cooke 4 mine.

Atlas plans jobs cuts as expenses erode income

2016-08-24 15:45

Atlas Mara, owned by ex-Barclays boss Bob Diamond, will cut jobs and costs after first-half expenses outpaced revenue growth and profit declined 71%.

GM SA revises output schedule as economy deteriorates

2016-06-20 11:33

General Motors has adjusted output levels at its SA assembly operations and is mulling options including voluntary job cuts as it expects a further drop in local sales.

Amplats expects 85% fewer job losses

2016-06-01 15:30

Anglo American Platinum has reduced the number of job cuts tied to restructuring at two South African operations by 85%.

SA miners to bleed jobs in Zimbabwe

2016-05-18 07:29

South African and other mining groups in Zimbabwe will lay off employees, despite platinum, gold and nickel registering growth during the first quarter of the year.

Van Vuuren: Job loss crisis imminent – Solidarity undershot with 60 000

2016-04-28 14:49

It’s unlikely SA will avoid a recession and well over 100 000 jobs may be in the balance in the next 12-18 months, fuelling an impending job crisis, says an analyst.

Richemont to limit job cuts to 100

2016-04-22 12:37

Richemont will probably eliminate about 100 jobs, limiting the originally announced 350 job cuts as it approaches an agreement with trade union.

RBS to cut 600 consumer-bank jobs

2016-04-14 11:42

Royal Bank of Scotland is planning to eliminate about 600 jobs at its UK consumer bank as it closes branches, according to a labour union.

Amcu threatens strike at Sibanye over job cuts

2016-03-18 18:35

Amcu has said it could strike at Sibanye Gold if the firm does not stop its plans to cut more than 500 jobs at its recently acquired platinum mines.

African Rainbow Minerals to cut jobs as profits halve

2016-03-13 11:17

Diversified mining group African Rainbow Minerals says its profit has halved due to sharply softer commodity prices, prompting layoffs and cost cuts to stay afloat.

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