Latest update: 20/02/2009 

- economy - financial crisis - layoffs - unemployment


Job haemorrhage around the world
Job haemorrhage around the world
The crisis is affecting vast swathes of the global economy beyond sectors such as banking and car manufacturing, in which layoffs have been the most dramatic. FRANCE 24 has compiled a list of some of the more significant job cuts.
By FRANCE 24 (text)
The axe came down hard on Monday, January 26, as companies around the world announced a combined total of at least 85,000 job cuts. The layoffs came from some of the biggest US corporate names, including Pfizer, General Motors, Caterpillar and Sprint Nextel, and news of additional cuts came from Japanese automakers and Dutch bank ING. The crisis is affecting a broader range of the economy beyond the sectors such as banking and car manufacturing, in which layoffs have been most dramatic. FRANCE 24 has compiled a list of recent significant announcements. (The country in parenthesis is the country where the company is headquartered, not necessarily the country where the job cuts will take place.)

Related links

TECHNOLOGY (Computers, telecommunications, consumer electronics)

 

Pioneer (Japan) - 10,000 jobs - Feb 12, 2009

 

Panasonic (Japan) - 15 000 jobs - Feb 04, 2009

NEC Tokin (Japan) - 9,450 jobs - Jan. 27, 2009

Sprint Nextel (United States) - 8,000 jobs - Jan. 26, 2009

Philips (The Netherlands) - 6,000 jobs - Jan. 26, 2009

Microsoft (United States) - 5,000 jobs - Jan. 26, 2009

Texas Instruments (United States) - 3,400 jobs - Jan. 26, 2009

Intel (United States) - 5,000-6,000 jobs - Jan. 22, 2009

Sony (Japan) - 16,000 jobs - Dec. 12, 2008

 

Hewlett Packard (United States) 24,600 jobs - Sep. 15, 2008

AUTOMOTIVE AND MANUFACTURING

Goodyear (United States) - 5,000 jobs - Feb 18, 2009

 

GM (United States) - 47,000 jobs - Feb. 18, 2009

 

Nissan (Japan) - 20,000 jobs - Feb. 9, 2009

Caterpillar (United States) - 20,000 jobs - Jan. 26, 2009

Chrysler (United States) - 6,000 jobs - Oct. 24, 2008

Corus (India) - 3,500 jobs - Jan. 26, 2009

GM (United States) - between 2,000 and 5,000 jobs - Jan. 26, 2009

ArcelorMittal (India) - 9,000 jobs - Nov. 27, 2008

Peugot-Citroen (France) - 11,000 jobs - Feb. 12, 2009

Renault (France) - 6,000 jobs - Sept. 9, 2008

 

 

 
AERONAUTICS
 
Embraer (Brazil) - at least 4,000 jobs - Feb. 19, 2009
 
Boeing  (United States) - 4,500 jobs - Jan. 9, 2009
 
Alitalia (Italy) - 3,000 jobs - Sept. 15,  2008
 
Air-France-KLM (France) - Between 1,000 to 2,000 jobs - Feb. 16, 2009
 
 

BANKING

 

UBS (Switzerland) - 2,000 jobs - Feb. 10, 2009

ING (The Netherlands) - 7,000 jobs - Jan. 26, 2009

Barclays (United Kingdom) - 2,100 jobs - Jan. 13, 2009

Bank of America (United States) - up to 35,000 jobs - Dec. 12, 2008

Citigroup (United States) - 50,000 jobs - Nov. 17, 2008

 

 


TELECOMMUNICATIONS

 

Sprint/Nextel (United States) - 8,000 jobs - Jan. 27, 2009

 

Ericsson (Sweden) - 5,000 jobs - Jan. 21, 2009

 

Motorola (United States) - 4,000 jobs - Jan. 15, 2009

 

British Telecom (Great Britain) - 10,000 jobs - Nov. 13, 2008

 

AT&T (United States) -12,000 jobs - Dec. 4, 2008

 

 

 

PHARMACEUTICALS

Pfizer/Wyeth (United States) - 19,000 jobs - Jan. 26, 2009

 

Dow Chemical (United States) - 5,000 jobs - Dec. 8, 2008

 

 

RETAIL

Home Depot (United States) - 7,000 jobs in USA  - Jan. 26, 2009

 
 

 

MINING

Anglo American (United Kingdom) - 19,000 jobs - Feb. 20, 2009

Rio Tinto (United Kingdom & Australia) - 14,000 jobs - Dec. 10, 2008

Related Content
Close