Salford City Council has planned to cut 400 jobs and £24m cut from next year’s budget.
Joe Murphy, who is responsible for the council’s workforce, said: “We have tried our best to avoid compulsory redundancy.
“The people employed by the town hall have had their wages frozen and are facing extra costs and uncertainty.
Lloyds Banking Group announced 990 job cuts, which, part of last year’s broader plans to slash 15,000 jobs across the company.
Around 990 positions would go as the result of site closures in Lloyds TSB Scunthorpe, Lloyds TSB Dudley and its wholly-owned HBOS susidiary units at Romford and Newcastle.
The British Broadcasting Corp (BBC), the world’s biggest public broadcaster, plans to cut 2,000 jobs and move offices and production outside of London as part of an effort to reduce costs after its funding was frozen.
Health insurance giant Cigna Corp. is using the threat of 500 Delaware layoffs to press a demand that federal policymakers exempt their Claymont-based international insurance business from new rules in last year’s federal health care law.
The British Broadcasting Corp. could cut 3,000 staff over the next five years to cut costs amid a freeze in the U.K. licence fee, the Sunday Times reports without citing any sources.
The report said the BBC will submit a 20% budget reduction plan to the BBC Trust in the autumn that will see a sharp cut in its 17,000-strong permanent workforce.
Zurich is to cut 243 jobs as part of a restructure of its general insurance business.
Most of the affected roles will be from Zurich’s Cardiff office, as it consolidates the Cardiff property claims team with its other property claims team in Whiteley in Hampshire.
From: Money Marketing
AIB’s plan to cut its workforce by 2,000 employees is set to be implemented on a phased basis from October onwards, while promotion opportunities will be reintroduced at management level.
At the end of 2010, AIB employed a total of 14,255 staff. In April Mr Hodgkinson said the bank had reduced its workforce by 1,300 people over the previous two years through natural attrition.
Train-making firm Bombardier is set to announce up to 2,000 job losses – with the Government’s decision to award a lucrative order to a German consortium being blamed.
Such a move would result in two thirds of the workforce at its UK plant in Derby losing their jobs.
At least 200 jobs will soon vanish from downtown London with layoffs at the Citi Group office- another blow to a city that’s lost more than 500 jobs in the past month.
Citi Group Canada, anchor tenant for Citi Plaza, is laying off workers after selling off its core credit card business. It isn’t ruling out pulling out of the downtown mall that bears its name.
Recent Comments