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.

Telkom job cuts a ‘crude stunt’ - Cosatu

2016-03-01 10:32

The trade union body has slammed telecoms company Telkom’s plans to cut 300 jobs and outsource another 254 staff.

Bankers in Europe have the most to fear in 2016 job cuts

2016-02-03 14:02

Rarely has an industry lost so many jobs with such little effect, while HSBC has frozen hiring and pay and Barclays plans to cut 1 200 investment banking jobs.

Kumba to cut jobs, downsize flagship mine

2016-01-28 11:20

Kumba Iron Ore has said it would scale back operations, cut costs and planned to reduce jobs at its Sishen mine, sending its shares 5% higher.

HSBC to cut 2 000 commercial banking jobs

2015-11-24 12:01

HSBC Holdings is eliminating 2 000 jobs in its commercial bank as part of a plan to cut costs, according to a person briefed on the matter.


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.

Thousands face axe as JD Group plans shop closures

2016-02-22 12:52

Furniture retailer JD Group is planning to close about 260 stores employing thousands of workers as it seeks to stabilise its finances.

Lonmin continues to cut jobs and costs

2016-01-28 11:24

Platinum producer Lonmin will continue to review its services and reduce costs, mainly through job cuts, as the slide in the price of its main commodity bites further.

Shell says to cut 2 800 jobs after BG takeover

2015-12-14 15:19

Royal Dutch Shell has said it planned to cut 2 800 jobs following its mega takeover of smaller rival BG Group.

ArcelorMittal to slash jobs, exports from Liberia

2015-11-18 12:58

ArcelorMittal plans to cut up to 450 jobs in Liberia and lower iron ore exports from the West African nation as it battles to reduce costs.

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