African Bank cuts 600 jobs to save R50m a year

2017-08-06 06:58

African Bank has reduced its staff complement by 636 full-time employees through a restructuring programme.

How to beat the unemployment blues

2017-07-30 13:01

We live in uncertain times and some people will unfortunately find themselves being retrenched. What is the best way to deal with such a situation?

GM’s exit won’t spark more divestment

2017-05-21 08:27

The withdrawal of General Motors (GM) from South Africa is unlikely to be the harbinger of a larger divestment from the heavily incentivised automotive sector.

China plans to cut 500 000 jobs this year

2017-03-01 09:47

China will further trim its bloated smokestack industries this year and support other sectors in services or internet-related businesses to create new jobs.

Mugabe caves in on public service job cuts plan

2016-12-07 09:48

Zimbabwean President Robert Mugabe has finally given in on a job cuts proposal which aimed to reduce the 96.8% of revenue spent on civil servants' salaries

Twitter to slash 300 jobs this week

2016-10-25 09:24

Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar with the matter.

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%.


Gold mining bloodbath continues as Sibanye eyes 7 400 job cuts

2017-08-03 11:32

The mining bloodbath is continuing, with Sibanye Gold announcing a restructuring plan that could see about 7 400 jobs being cut.

AngloGold job cuts prelude to further job losses

2017-07-08 06:00

AngloGold’s move to cut thousands of jobs could be part of the next wave of job losses in the mining sector. Since 2012, the local mining sector has shed more than 70 000 workers.

African Bank looks to fire 652 staff

2017-05-21 06:01

African Bank this week issued notices to its staff related to a restructuring plan that will see as many as 652 staff members retrenched, a source told City Press.

Richemont offers to scale back plan to cut watchmaking jobs

2016-12-07 12:32

Richemont has offered to reduce a job-cut plan by about 20%, though worker representatives demanded more concessions from the Swiss luxury-goods maker as they protested near the headquarters.

VW plans cutting 30 000 jobs globally

2016-11-18 09:33

Volkswagen AG reached a crucial agreement with workers to cut as many as 30 000 jobs globally and save €3.7bn, according to people familiar with the matter.

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.

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