Tag #Job Cuts

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theglobeandmail.com

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Apr 23, 04:12

HBC Employee Representation Contested Amidst Job Cuts and Financial Crisis

Facing financial difficulties and impending job cuts, Hudson's Bay Co. proposed a law firm to represent its employees during CCAA proceedings; however, another firm representing over 400 employees filed a cross-motion, objecting to the appointment due to concerns over severance, benefit cuts, and a ...

HBC Employee Representation Contested Amidst Job Cuts and Financial Crisis

Facing financial difficulties and impending job cuts, Hudson's Bay Co. proposed a law firm to represent its employees during CCAA proceedings; however, another firm representing over 400 employees filed a cross-motion, objecting to the appointment due to concerns over severance, benefit cuts, and a ...

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What are the immediate impacts of Hudson's Bay Co.'s financial crisis on its employees, and what is the significance of the legal dispute over employee representation?

Hudson's Bay Co. (HBC), facing financial crisis and job cuts, proposed Ursel Phillips Fellows Hopkinson LLP as legal representation for its employees in its CCAA proceedings. However, Koskie Minsky LLP, representing over 400 current and former HBC employees, filed a cross-motion, contesting this appointment due to employee distrust of HBC's choice and concerns over severance and benefit cuts. The situation highlights the significant impact of HBC's financial distress on its employees.

nytimes.com

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Apr 20, 22:13

Mass Federal Firings Under Trump Administration

The Trump administration and Elon Musk are demanding mass firings of federal employees, already resulting in tens of thousands of job losses across numerous agencies, impacting services nationwide.

Mass Federal Firings Under Trump Administration

The Trump administration and Elon Musk are demanding mass firings of federal employees, already resulting in tens of thousands of job losses across numerous agencies, impacting services nationwide.

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What are the immediate consequences of the mass firings in federal agencies across the United States?

The Trump administration, along with Elon Musk, has mandated significant federal staff reductions, resulting in tens of thousands of job losses through buyouts and firings. This impacts numerous agencies, including the Department of Veterans Affairs (over 480,000 employees in March 2024), IRS (potential loss of up to a third of its staff), and the Department of Health and Human Services (already down 24 percent).

liberation.fr

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Apr 10, 22:10

STMicroelectronics to Cut 2,800 Jobs Amidst Financial Difficulties

STMicroelectronics announced plans to cut up to 2,800 jobs globally by 2027 to reduce operating expenses by €288-€345 million, following a 23.2% revenue drop in 2024 to €12.5 billion, as part of a broader transformation plan focusing on key semiconductor technologies and AI-driven productivity impro...

STMicroelectronics to Cut 2,800 Jobs Amidst Financial Difficulties

STMicroelectronics announced plans to cut up to 2,800 jobs globally by 2027 to reduce operating expenses by €288-€345 million, following a 23.2% revenue drop in 2024 to €12.5 billion, as part of a broader transformation plan focusing on key semiconductor technologies and AI-driven productivity impro...

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What are the immediate consequences of STMicroelectronics' planned job cuts, and how will this impact the company's financial performance?

STMicroelectronics, a Franco-Italian semiconductor company, confirmed plans to cut up to 2,800 jobs globally over three years. This follows a January announcement of potential job cuts and aims to reduce operating expenses by €288-€345 million by 2027. The cuts will be achieved through voluntary departures, primarily in 2026 and 2027.

nos.nl

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Apr 9, 13:20

Tata Steel Cuts 1600 Jobs Amidst European Steel Crisis

Tata Steel is cutting 1600 jobs (20% of its workforce) in IJmuiden, Netherlands, due to a €556 million loss and challenges in the European steel industry, prompting union resistance and raising concerns about the industry's future.

Tata Steel Cuts 1600 Jobs Amidst European Steel Crisis

Tata Steel is cutting 1600 jobs (20% of its workforce) in IJmuiden, Netherlands, due to a €556 million loss and challenges in the European steel industry, prompting union resistance and raising concerns about the industry's future.

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What are the immediate consequences of Tata Steel's job cuts in IJmuiden, and how does this impact the broader European steel industry?

Tata Steel announced a major reorganization in IJmuiden, Netherlands, eliminating 1600 full-time jobs—20% of its workforce. The company cites the need for a smaller, more centralized structure to improve efficiency and reduce bureaucracy. Job losses will primarily affect management and support services.

foxnews.com

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Apr 7, 13:16

793 Federal Leases Terminated, Raising Concerns About Transparency and Service Disruptions

The Trump administration, partnered with Elon Musk's DOGE, terminated 793 federal leases nationwide by March 6, 2025, impacting essential government services and raising concerns about transparency and potential political motivations, with 24 Illinois leases terminated, affecting Social Security, La...

793 Federal Leases Terminated, Raising Concerns About Transparency and Service Disruptions

The Trump administration, partnered with Elon Musk's DOGE, terminated 793 federal leases nationwide by March 6, 2025, impacting essential government services and raising concerns about transparency and potential political motivations, with 24 Illinois leases terminated, affecting Social Security, La...

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What are the immediate consequences of the 793 federal lease terminations enacted by the Trump administration and Elon Musk's DOGE?

In just a few months, the Trump administration, in conjunction with Elon Musk's Department of Government Efficiency (DOGE), terminated 793 federal leases, including 24 in Illinois alone. This has caused significant disruption for federal workers and the public, impacting services like Social Security and small business loans. The lack of transparency surrounding these decisions is alarming.",

forbes.com

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Apr 3, 16:15

Massive March Job Cuts: 275,000+ Layoffs, Highest Since 2020

March 2025 saw over 275,000 job cuts—a 60% increase from February and the highest March total since 1989—led by the Department of Government Efficiency, following a year of high layoffs and decreased hiring.

Massive March Job Cuts: 275,000+ Layoffs, Highest Since 2020

March 2025 saw over 275,000 job cuts—a 60% increase from February and the highest March total since 1989—led by the Department of Government Efficiency, following a year of high layoffs and decreased hiring.

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How do the March 2025 job cuts compare to previous years, and what industries were most affected?

March 2025's job cuts represent a 205% increase compared to March 2024 and are significantly higher than any other March on record. This surge follows a year with the most layoffs in 15 years (excluding 2020), with the tech, healthcare, and auto sectors heavily impacted.

theglobeandmail.com

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Apr 21, 01:17

Hudson's Bay Seeks Legal Counsel for Employees Amid Mass Job Cuts

Hudson's Bay Co., facing liquidation, is cutting thousands of jobs and ending benefits, prompting a court request to appoint new legal counsel for affected employees, and talks with lenders for a hardship fund to aid those facing financial strain.

Hudson's Bay Seeks Legal Counsel for Employees Amid Mass Job Cuts

Hudson's Bay Co., facing liquidation, is cutting thousands of jobs and ending benefits, prompting a court request to appoint new legal counsel for affected employees, and talks with lenders for a hardship fund to aid those facing financial strain.

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What immediate actions is Hudson's Bay taking to address the financial hardship of its employees following widespread job cuts and benefit terminations?

Hudson's Bay Co., facing liquidation, is cutting thousands of jobs and ending benefits, prompting a court request to appoint new legal counsel for affected employees. The company also seeks to establish a hardship fund for employees facing financial difficulties due to benefit cuts. This follows earlier terminations of 272 corporate employees without severance.

nos.nl

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Apr 14, 19:15

Tata Steel Netherlands to Cut 1600 Jobs Amidst Reorganization

Tata Steel Netherlands announced it will cut 1600 jobs (1/6 of its workforce) due to financial losses and the need to improve competitiveness, causing employee concern and potential strike action; the company aims to secure government funding for a green transition and improve its profitability.

Tata Steel Netherlands to Cut 1600 Jobs Amidst Reorganization

Tata Steel Netherlands announced it will cut 1600 jobs (1/6 of its workforce) due to financial losses and the need to improve competitiveness, causing employee concern and potential strike action; the company aims to secure government funding for a green transition and improve its profitability.

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What are the immediate consequences of Tata Steel's job cut announcement for its employees and the local community?

Tata Steel in the Netherlands announced a reorganization plan that will eliminate 1600 of its 9200 jobs, impacting approximately one in six employees. This decision follows the company's financial losses and its aim to improve competitiveness within the European steel market. The news has caused significant concern among employees, many of whom are worried about their job security and financial stability.

theguardian.com

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Apr 9, 01:17

Trump Administration to Cut \$500M Grant for Ohio Steel Manufacturer

The Trump administration plans to cut a \$500 million grant for Cleveland-Cliffs, an Ohio steel manufacturer, eliminating over 1300 jobs and hindering the transition to cleaner energy sources, despite earlier promises to boost domestic manufacturing.

Trump Administration to Cut \$500M Grant for Ohio Steel Manufacturer

The Trump administration plans to cut a \$500 million grant for Cleveland-Cliffs, an Ohio steel manufacturer, eliminating over 1300 jobs and hindering the transition to cleaner energy sources, despite earlier promises to boost domestic manufacturing.

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What are the long-term implications of this decision for US manufacturing, job growth, and climate goals?

The cancellation of the grant may signal a broader shift towards prioritizing fossil fuels over clean energy investments in US manufacturing. This could hinder efforts to decarbonize the steel industry, potentially leading to increased carbon emissions and job losses in the long term. The project's failure highlights the vulnerability of green initiatives to political shifts.

dutchnews.nl

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Apr 9, 19:19

Tata Steel IJmuiden to Cut 1,600 Jobs in Restructuring Plan

Tata Steel's IJmuiden plant will eliminate 1,600 jobs due to a restructuring plan aimed at improving efficiency and competitiveness, following a €556 million loss and amid environmental concerns and high energy prices.

Tata Steel IJmuiden to Cut 1,600 Jobs in Restructuring Plan

Tata Steel's IJmuiden plant will eliminate 1,600 jobs due to a restructuring plan aimed at improving efficiency and competitiveness, following a €556 million loss and amid environmental concerns and high energy prices.

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What is the immediate impact of Tata Steel's restructuring plan on its IJmuiden plant and its workers?

Tata Steel announced a restructuring plan for its IJmuiden plant, resulting in 1,600 job losses in management and support functions. The company aims to improve efficiency and cut costs to maintain competitiveness in Europe. This follows a €556 million loss in the 2023-2024 financial year.

edition.cnn.com

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Apr 3, 16:15

Massive Federal Layoffs Dominate March Job Cut Announcements

In March 2025, US employers announced 275,240 layoffs, with the federal government accounting for 216,215 (nearly 80%) due to the Department of Government Efficiency's initiative, marking the third-highest monthly total since the pandemic and significantly impacting various sectors.

Massive Federal Layoffs Dominate March Job Cut Announcements

In March 2025, US employers announced 275,240 layoffs, with the federal government accounting for 216,215 (nearly 80%) due to the Department of Government Efficiency's initiative, marking the third-highest monthly total since the pandemic and significantly impacting various sectors.

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What is the immediate impact of the record-high 275,000 job cuts announced in March, and how does the government's role affect this?

The federal government announced 216,215 job cuts in March, comprising nearly 80% of the 275,240 total layoffs announced across all US employers. This is the third-highest monthly total since the pandemic, following April and May 2020.

zeit.de

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Apr 3, 16:15

Thyssenkrupp to Terminate HKM Supply Contract, Potentially Leading to Plant Closure

Thyssenkrupp Steel Europe (TKSE) plans to terminate its supply contract with Hüttenwerke Krupp Mannesmann (HKM) by year-end 2032, impacting 2.5 million tons of steel, as part of a restructuring involving 11,000 job cuts; failure to sell its HKM stake could lead to the plant's closure.

Thyssenkrupp to Terminate HKM Supply Contract, Potentially Leading to Plant Closure

Thyssenkrupp Steel Europe (TKSE) plans to terminate its supply contract with Hüttenwerke Krupp Mannesmann (HKM) by year-end 2032, impacting 2.5 million tons of steel, as part of a restructuring involving 11,000 job cuts; failure to sell its HKM stake could lead to the plant's closure.

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What are the immediate consequences of Thyssenkrupp Steel Europe's planned termination of its supply contract with Hüttenwerke Krupp Mannesmann?

Thyssenkrupp Steel Europe (TKSE) plans to terminate its supply contract with Hüttenwerke Krupp Mannesmann (HKM) by the end of 2032, impacting 2.5 million tons of steel annually. This decision follows TKSE's restructuring plan, involving capacity reduction and job cuts. The move is intended to facilitate the sale of TKSE's 50% stake in HKM; otherwise, closure is a possibility.

Showing 61 to 72 of 248 results