WAN and News Ltd cut more staff
The financial crisis continues to ravage the media sector, with WAN and News Ltd's The Australian shedding staff.
Skilled job vacancies slide
CHRIS ZAPPONE Skilled vacancies drop 7 per cent in May, according to the latest Government data.
NQR calls in administrators
CHRIS ZAPPONE Discount retailer Not Quite Retail has entered voluntary administration.
Surprise jobs boost
CHRIS ZAPPONE
Australia's unemployment rate has posted a surprise drop, the latest sign that a recovery may be on the horizon.
Shock jobs gains: at a glance
Australian employment jumped against all expectations in April, pulling the jobless rate down and throwing into doubt the need for further rate cuts.
Jobless rate likely to rise, says Swan
Treasurer Wayne Swan is bracing for a higher unemployment number when labour market figures are released this morning.
Vision Australia to cut 130 jobs
Vision Australia is cutting 130 jobs across the nation as the global recession starts to cut into charity donations.
Job demand halves
CHRIS ZAPPONE
Job ads drop again in April, marking a full year of monthly falls as demand for staff remains half the level of 12 months ago.
Online job ads halved
CHRIS ZAPPONE The number of jobs advertised online has halved over the past year, as companies cut staff to survive the recession.
NAB sheds jobs as downturn bites
CHRIS ZAPPONE National Australia Bank’s local work force has fallen over the past year, as the company keeps a lid on employment amid the global downturn.
BHP mine jobs go in central Queensland
About 360 coal workers have been sacked from a central Queensland mine.
Macmahon sheds staff as profit set to dive
Civil engineering and mining services providerMacmahon Holdings is forecasting second-half profits to collapse as mining contracts are cancelled and rain hampers operations.
Germany's Bosch warns of 'most difficult' 2009
The German industrial group Bosch said on Thursday that 2009 would be one of its toughest years ever and announced plans to cut 3000 staff worldwide.
Lloyds Banking Group says to cut almost 1000 jobs
Lloyds Banking Group, the British government-controlled banking giant, said on Thursday it would cut nearly 1000 jobs over the next two years.
Crisis sends downgrades to worst-ever highs
CHRIS ZAPPONE More Australian businesses downgraded in last six months than ever before.
Skilled vacancies fall
Skilled job vacancies dropped 8.9% in April compared to March, new data shows.
AXA to slash 120 jobs
ERIC JOHNSTON
Financial services giant details plans to cut as many as 120 staff as part of efforts to rein in costs as the meltdown in global markets continue to hammer the industry.
One in four firms to cut staff
JESSICA IRVINE AND PHILLIP COOREY
TWENTY-FIVE per cent of small to medium-sized businesses in NSW expect to sack staff within three months, a survey by the NSW Business Chamber has found.
Retailers sack staff, but remain optimistic
Retailers forced to lay off staff as global recession hits - but they're still confident of a bright future.
PMP cuts jobs, warns on profit
MIRIAM STEFFENS
PMP warns second-half operating earnings would fall more than expected and cuts more jobs as the slowdown in the economy hurts demand.
170 jobs to go at Victorian textile company
One hundred and seventy jobs are likely to be lost at a Victorian textiles company on the brink of collapse.
Lihir to shed 200 jobs in Ballarat
Lihir Gold will shed 200 workers from its underperforming mining operation in Ballarat.
Qantas scraps more jobs, cuts capacity
MATT O'SULLIVAN
Qantas to scrap up to 1750 jobs, forecasts a massive drop in its profit expectations.
Jobless rate hits 5.7%
CHRIS ZAPPONE
The unemployment rate hits 5.7% as more Australians join the unemployment queues.
Rio axes 700 Qld mining jobs
CHRISTINE KELLETT
Mining giant Rio Tinto is expected to axe more than 700 jobs in central and northern Queensland, citing a sharp drop in aluminium prices.
Iluka axes 135 jobs, cuts output
Mineral sands miner cuts 135 jobs in WA after cutting forecast output due to weak demand.
Caterpillar to cut 280 jobs
Construction and mining equipment manufacturer to cull 280 jobs from 700-strong Tassie workforce.
Wesfarmers says it's hiring, but no guarantees
Coles owner Wesfarmers plans to hire this year, particularly in its retail division, bucking widespread trend.
No hard feelings: sacked Fisher and Paykel workers
DANIEL HURST
More than 300 workers will finish up at Brisbane's Fisher and Paykel refrigerator factory on Thursday, as the company prepares to shift operations to Thailand.
Medibank to shift 140 full time staff to part-time
Medibank Private has confirmed 250 full-time staff members will be shifted to part-time employment as the government-owned health insurer merges with an occupational health services firm.
Skilled vacancies extend dive
CHRIS ZAPPONE Skilled vacancies sank 10.8% in March, highlighting the grim outlook for jobs around the country.
Telstra cuts jobs at Sensis in Sydney
DAN OAKES Telstra has made 70 people redundant at its Sydney Trading Post call centre, citing the move away from print to online advertising.
Union blasts Bankwest for job cuts
CHRIS ZAPPONE The bank workers' union has lashed out at Bankwest's decision to cut 400 jobs, saying executives had promised there would be no lay-offs when CBA bought the bank.
Constellation warns of job cuts
DANNY JOHN THE prospect of further cost savings at the Australian operations of Constellation Wines emerged yesterday after the US beverages giant warned that weaker sales in two of its biggest regional markets would force it to cut 5 per cent of its 9000-strong global workforce.
Uncertain outlook sees Iluka take axe to jobs
JAMIE FREED ONE of the best performing mining stocks of recent months, Iluka Resources, is starting to feel the effects of the global financial crisis on its sales.
Rio Tinto shelves plant in WA
Rio Tinto's WA pig iron plant will close due to depressed global pig iron prices, poor market outlook.
BHP cuts 400 mining jobs in Qld
BHP has axed 400 coal mining contract workers at its Queensland operations, on top of 1100 job losses.
NEC joins jobs exodus with 100 redundancies
BEN SCHNEIDERS Victoria's skills base suffers another serious blow with leading technology company NEC to lay off about 100 research and development positions from its Mulgrave headquarters.
Qantas to cut 90 senior managers
Qantas will cut 90 senior management positions to help it ride out the current global financial crisis.
ANZ sheds call centre jobs
CHRIS ZAPPONE
ANZ Bank will shift 100 call centre jobs to New Zealand in its latest move to save money by hiring lower-cost overseas staff.
ABC collapse costs 700 their jobs
MATT O'SULLIVAN AND VANDA CARSON
ALMOST 700 employees at ABC Learning were sacked or resigned in the three months after the child-care operator collapsed owing $1.6 billion, court documents reveal.
Hospitality, retail jobs in danger
CLANCY YEATES
JOBS in retailing, which employs close to 15 per cent of the workforce, could be the next to fall after weathering the storm so far, economists say.
Unions want pay rises despite slump
Unions will push for pay rises as recession looms, but will offer more flexible work hours and pay in return.
400 meat workers face the axe
A total of 400 people will lose their jobs early next month with the closure of a western Sydney meat processing plant, their union says.
Rudd should put conditions on banks: union
The Rudd Government should set conditions on the support it provides to Australian banks following ANZ's announcement it was shifting 500 back-office jobs to India, a finance union said.
ANZ slashes jobs
CHRIS ZAPPONE
ANZ Bank will dump 500 back-office staff and shift the jobs to India by the end of the year.
Sacked Bonds workers protest to protect pay-outs
Workers sacked from a Bonds factory in the Hunter Valley will protest to ensure their redundancy pay-outs are protected.
Swan hints at revision to jobless estimates
Treasurer Wayne Swan flags the Federal Government will revise its unemployment forecasts following a surge in jobless numbers.
We would have lost more jobs: Rudd
JACOB SAULWICK AND PHILLIP COOREY
A FALL of almost 54,000 full-time jobs last month has heightened expectations the unemployment rate will burst through the 7 per cent level forecast by Treasury and led the Opposition to all but declare Australia was headed for recession.
Holden chiefs take pay cut
CHRIS ZAPPONE
GM Holden executives will take a 10% pay cut until the end of the year, as the carmaker struggles with a sales downturn.
Unemployment hits 5.2%
CHRIS ZAPPONE
The unemployment rate is now the worst it has been in four years - more proof of a severe downturn.
Global recession to blame for jobless hike: Gillard
A sharp rise in the unemployment rate is evidence the global recession is impacting on Australian jobs, Employment Minister Julia Gillard says.
Finance sector job losses near 7000
The finance industry, which shrank in 2008 for the first time in 13 years, is likely to cut more jobs, the FSU says.
Jobs go as Jetstar shuts Hobart base
Jetstar is closing its Hobart crew base, forcing 41 local staff to take redundancies or relocate to one of the airline's mainland facilities.
PacBrands buyer could save jobs
Pacific Brands says retrenched workers could keep their jobs if a buyer can be found for its factories.
Job ads crash
CHRIS ZAPPONE
The number of job ads plummeted 40%, hitting a new low in February, as employers halt hiring and start shedding staff.
Telstra chairman slams job loss hysteria
Company bosses are doing all they can to protect their employees and shareholders, Telstra chairman says.
NAB execs warned over rumoured job cuts
Union warns National Australia Bank executives to expect a Pacific Brands-type campaign if staff cuts go ahead.
New US jobless claims slip, still above 600,000
Initial claims for US unemployment benefits fell last week but still remained high levels amid the deepening recession, government data showed on Thursday.
Swedish auto parts firm fails, 6000 jobs at risk
Swedish autoparts maker Plastal, which employs 6000 people in Europe and is 90% owned by investment fund Nordic Capital, said on Thursday it had filed for bankruptcy.
BoQ cuts 10% of staff
CHRIS ZAPPONE Bank of Queensland says it will cut 10% of staff as part of a restructure aimed at reducing costs while competition intensifies in the downturn.
Jobs threat as economy struggles
It is increasingly difficult for Australia to swim against the global economic tide, Prime Minister Kevin Rudd has admitted, despite Parliament approving two separate stimulus packages designed to bolster the economy.
Brokerages begin slashing staff
ERIC JOHNSTON GOLDMAN SACHS JBWere is expected this week to start trimming staff to rein in costs as equity market turnover and investment banking activity declines. The brokerage is expected to cut about 5 per cent of staff, or up to 65 jobs, from its 1300-strong workforce in Australia and New Zealand.
Protests target Aussie icons
Telstra, Foster's sites to be hit by protests as workers fight to keep jobs amid continuing economic gloom.
2500 vacancies - Domino's bucks jobs trend
While the mining and banking sectors lay off thousands, a major food chain says it has 2500 vacancies.
Woolies jobs boost
CHRIS ZAPPONE
Woolworths will have another 7000 workers on its payroll by June, bucking the growing trend of cost-cutting that has left thousands of Australians unemployed.
Coal crunch: Anglo cuts 650 jobs
BARRY FITZGERALD Sharp falls in demand and prices for coal have prompted the Australian coal unit of South Africa's Anglo American to cut 650 jobs from mines in Queensland and NSW.
GM slashes production as US sales halve
Struggling General Motors announced plans to slash second quarter production by 34% on Tuesday as it reported a whopping 53% drop in year-on-year US sales for February.
Lay-off plan leaves Bosch workers fearful of future
BEN SCHNEIDERS After 25 years at car parts supplier Robert Bosch, storeman Joseph Pimpinella said he had never seen things as bad as they are now, with intense pressure to cut pay and conditions.
5000 jobs go as crisis bites
Thousands of Australians will lose their jobs as the economic downturn continues to bite and expectations of corporate growth wane.
Norilsk axes 330 WA nickel jobs
More than 300 jobs will be lost when the world's largest nickel producer, Russia's Norilsk Nickel, suspends its two nickel operations in Western Australia.
Brambles to axe 750 jobs worldwide
PHILIP HOPKINS Brambles, its first-half profit cut by 28 per cent because of the financial crisis, will axe 750 jobs globally and scrap up to 7 million pallets in the US to bolster earnings.
Virgin Blue cuts flights and jobs
Virgin Blue says 400 jobs will be affected when it axes as many as five aircraft from its local fleet later this year.
Lend Lease to cut 1700 jobs
Australia's largest property developer will cut 1700 jobs over the next six months, after $600m loss.
Boart profit doubles as jobs cut
Drilling services contractor Boart Longyear has delivered a rise in profit after cutting 2000 jobs worldwide.
Pac Brands suffers loss, set to axe 1850 jobs
STAFF REPORTERS
Pacific Brands will axe 1850 jobs from its manufacturing and administration operations after posting a first-half loss.
