Swedish telecoms equipment group Ericsson has said it is cutting an extra 1,500 jobs, as it reported a 92% fall in quarterly profits. Hit by the cost of its restructuring work, and a continuing drop in orders, its net profit for October to December was 314m kronors ($43m; £27m). This compares with 3.89bn kronors for…
Wal-Mart to cut 11,200 jobs at Sam’s Club stores
Retail giant Wal-Mart has said that it is cutting 11,200 jobs at its Sam’s Club warehouse chain in the US. The majority of the cuts will hit staff running in-store promotions at the chain, after Wal-Mart decided to outsource these functions. Last November, Mike Duke, Wal-Mart’s chief executive, said that the trading environment for the…
Transcontinental layoffs looming (theChronicleHerald.ca)
CHARLOTTETOWN — Transcontinental Media has unveiled plans to centralize all page layout operations for its daily and weekly newspapers in the Maritimes. The Quebec-based publisher said Wednesday the cost-saving move will see all pagination and advertising placement handled in Charlottetown, inside the offices of the daily Charlottetown Guardian. More at The Chronicle Herald
My Platform: Labour and Workplace Reform
I think over the course of this post I’ll manage to make alot of people mad, but so be it. I’m going to say what I think anyway. It’s been a long time since there was a serious examination of labour and the workplace. The Labour movement of the early 20th century accomplished much of…
Canadian Media Guild and CBC Reach Tentative Agreement
All I can say is I’m shocked, I was sure that this was going to be a long process and that it was going to be ugly, but there appears to be a tentative deal between the Canadian Media Guild (CMG) and the Canadian Broadcasting Corporation (CBC) that takes them through 2014 and avoids a…