ARTICLES RELATING TO JOB CUTS

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.

Gallery

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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Amplats warns on unrealistic wage demands

2013-07-24 13:45

Amplats, the world's top platinum producer, has warned it could not afford "unrealistic" wage rises, as it continues to battle loss-making mines.

Standard Bank to axe staff

2013-06-18 15:01

Standard Bank says it would lay off 148 people in its information technology operations to reduce duplication of roles.

Amplats to start layoff process

2013-05-22 09:27

Anglo Platinum will begin the formal process of cutting 6 000 mining jobs at the end of this week, the company says.

RBS job cuts now close to 40 000

2013-05-16 15:03

Royal Bank of Scotland axed 1 400 more positions, taking the total number of job losses close to 40 000 since its bailout during the global financial crisis.

Shocked miners plan next Amplats move

2013-05-10 18:11

Mine workers at Amplats say they didn't expect any job cuts after the company announced its plans to axe 6 000 jobs, more than half down from the initial 14 000.

Lloyds to cut 850 jobs to reduce costs

2013-05-09 18:52

Lloyds Banking Group is cutting another 850 jobs to reduce costs, bringing the total number of jobs axed by the British bank to around 35 000 since 2008.

Tension as Amplats to unveil jobs plan

2013-05-09 09:33

Amplats, under pressure from the government, is to sharply scale back job losses as it tries to balance out cost cuts and the threat of labour unrest.

Aviva to cut jobs and redundancy payouts

2013-04-18 16:39

British insurer Aviva is set to cut 2 000 jobs and slash redundancy payouts as it attempts to cut costs and mollify shareholders after a recent investor revolt.

Beatrix West mine may face job cuts

2013-04-02 11:31

Sibanye Gold says it could shed jobs at its Beatrix West Section operation after an underground fire hit output and revenue.

Denel job cuts must proceed - official

2013-01-23 17:30

The defence department says Denel has no option but to proceed with laying off 523 aircraft specialists because the contract with the ministry is irregular.

Union: 500 Denel workers to be sacked

2012-12-10 16:53

A total of 523 Denel workers are to be laid off, a claim the company denies, trade union Solidarity says.

 

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).

Anglo workers facing the axe

2013-07-31 14:07

AngloGold Ashanti will shed a substantial number of jobs across all its operations to cut costs, the mining company says.

Clarity on which First Tech went bust

2013-07-22 15:19

While many former First Tech employees told Fin24 about their woes, the CEO of another First Tech wants to clear up any confusion among his clients and staff.

Coal of Africa to shut SA colliery

2013-06-03 12:35

Coal of Africa says it plans to shut its Mooiplaats colliery in South Africa and will begin talks with unions and other parties on potential job cuts.

Amplats 'normal' after strike

2013-05-20 15:37

Operations at Anglo Platinum's Tumela Mine in Limpopo, has returned to normal following an underground strike, the company says.

ThyssenKrupp to axe 3 000 jobs

2013-05-15 15:51

German heavy industry giant ThyssenKrupp plans to axe 3 000 jobs worldwide as disastrous investments in steel operations abroad tore holes in its balance sheet.

Amplats revises job losses to 6 000

2013-05-10 12:19

Top global platinum producer Amplats has announced it will cut 6 000 jobs at its South African operations, in a move that risks a new wave of labour unrest.

Miners won't stand for Amplats job cuts

2013-05-09 16:01

Mineworkers are threatening to bring Anglo Platinum operations to a halt, even if retrenchments are scaled back to 5 000 from the initial 14 000.

Amplats to reveal restructuring plans

2013-04-30 11:58

Amplats will next week present the outcome of its talks with the government and unions about plans to cut up to 14 000 jobs, the company says.

Fire threatens 3 000 Sibanye Gold jobs

2013-04-09 17:44

Sibanye Gold says it could shed 3 000 jobs at its Beatrix mine, following an underground fire that has dented the mine's sustainability.

Amplats extends talks on planned layoffs

2013-03-28 15:30

Anglo Platinum says it has extended negotiations with the government about restructuring plans that could see it cut up to 14 000 jobs.

Zuma: Govt not threatening mines

2013-01-23 16:02

The government is not threatening mines with licence reviews and proposed shaft closures and job cuts should be discussed, says President Jacob Zuma.

Fiscal watchdog sees a million jobs lost

2012-12-05 18:02

Britain's fiscal policy watchdog says that more than one million jobs would now be cut from the public sector by 2018 because of spending cuts.

 
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