Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Rail jobs fears as city engineers face the chop off 80 jobs

Posted: April 8th, 2011 | Author: | Filed under: By Location, UK | Tags: , | No Comments »

Highly skilled engineers on the new £300million Airdrie-Bathgate rail link have been told they could be in line for the sack.

Thales, the major rail communications specialist, is to axe 80 workers because of “business challenges” triggered by a cut in big money orders.


Glasgow Caledonian University plan to axe 95 jobs

Posted: March 18th, 2011 | Author: | Filed under: By Location, UK | Tags: , , | No Comments »

THE head of a leading Scottish university has defended proposals to axe up to 95 jobs as part of a cost-cutting exercise.

In an interview with The Herald, Pamela Gillies, principal of Glasgow Caledonian University, said the institution had to make savings of £12 million over the next three years because of public funding cuts.


Scottish publisher DC Thomson to cut 15 jobs

Posted: March 13th, 2011 | Author: | Filed under: By Location, UK | Tags: , , | No Comments »

Publisher DC Thomson is to cut a total of 15 editorial jobs, with journalists having until today apply for voluntary redundancy.

The editorial team at Glasgow’s Sunday Post newspaper is to be cut by more than half, with 10 job losses out of a team of 19.