Shell has cut its senior management rolls by 20%, from 750 to 600. The layoffs will be complete by the end of this year. The 600 executives retained had to reapply for their own jobs, and will now reorganize their own divisions. More layoffs are expected. Royal Dutch Shell is a multinational petroleum company based in The [...]
Continue reading...Tuesday, June 30, 2009
Internet TV service Joost is cutting jobs, eliminating customer service, and demoting its CEO. Joost has not announced the number of layoffs; it employs 100 people in New York, London and the Netherlands. The firm will move away from its identity as a consumer website due to competition from Hulu, and will concentrate on selling its video [...]
Continue reading...Friday, May 15, 2009
Case New Holland will lay off 150 employees at its plant in Burlington, Iowa, starting July 2nd. Happy Independence Day! The company is responding to a drop in customer orders. CNH Global, short for Case New Holland, is the second largest manufacturer of agricultural equipment and the third largest maker of construction equipment in the world. Incorporated [...]
Continue reading...Thursday, April 9, 2009
LyondellBasell, the world’s third-largest petrochemical company, will cut 3,000 jobs, or 17% of its workers, and reduce expenses by an additional $500 million by 2010. Rotterdam, the Netherlands’ LyondellBasell, whose Houston-based US operations are under bankruptcy protection, will reduce its contract workers by 30%, or 2,000, and close 10 plants and 20 offices. LyondellBasell started shuttering plants [...]
Continue reading...Friday, March 20, 2009
Schlumberger, the world’s largest oil field services company, is expanding operations in Louisiana as the result of a new natural gas find. The $48 million project will create 400 jobs the the Shreveport area. In January, Schlumberger said it would eliminate 1,000 jobs in North America, or 5% of its work force. The company, based in Houston, Paris [...]
Continue reading...Sunday, February 15, 2009
Dutch life insurer Aegon, owner of US firm Transamerica, may cut more costs and jobs to cope with fresh writedowns and a deteriorating economic environment. Aegon, based in The Hague, gets three quarters of its pre-tax operating profit from US operations. It plans to cut costs by €150 million ($194 million) this year, but this may [...]
Continue reading...Thursday, January 15, 2009
MeadWestvaco, North America’s second-largest maker of glossy cardboard, will eliminate about 2,000 jobs, or 10% of its workforce, amid falling demand for packaging. The company also will shut or restructure as many as 14 manufacturing operations. MeadWestvaco has been closing plants and eliminating jobs as the slowing global economy weakens demand for consumer goods and packaging. The [...]
Continue reading...Wednesday, January 14, 2009
Dutch financial-services group ING Groep NV will cut 750 jobs in the US, or about 8% of the firm’s American headcount. The broad-based cuts will be complete by the end of Q1. The ING Group employs about 11,000 workers domestically. ING posted its first quarterly net loss in November, hammered by the economic meltdown. As home foreclosures [...]
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Thursday, July 30, 2009
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