Job losses – worldwide

As the European Union officially goes into recession [http://business.smh.com.au/business/europe-officially-in-recession-20081115-67h2.html], let take a look at a list of job losses announced around the world during the week.
 
Banking
Australian and New Zealand Banking Corporation (ANZ) – 3,500 jobs
JCB – 398 jobs
Royal Bank of Scotland – 3,000 jobs
Citigroup – 35,000 jobs
Fidelity – 1,700 jobs
 
Insurance
Swiss Life – 400 jobs
 
Information Technology
Sun Microsystems – 6,000 jobs
 
Media and Publishing
Fairfax – 550 jobs
McGraw-Hill – 270 jobs
 
Mining
Consolidated Minerals – 133 jobs
 
Legal
Orrick Hetherington & Sutcliffe – 75 jobs
 
Telcommunications
British Telecom (BT) – 10,000 jobs
 
The economy is indeed gloomy!!!
 
 
 
Posted by: Eric Lam
Location: Canberra/Australia
Category: Organizations
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