Job Losses
Nov 8th 2008, 2:30 pm
#61
Guest
Posts: n/a
Re: Job Losses
The lower end got hit in 2003, and has been going down since then! It seems to have stabilised this month though. Maybe people tempted to buy at the low prices, with the $14,000 grant ?
Nov 10th 2008, 3:17 pm
#63
Joined: Jun 2006
Posts: 4,555
Re: Job Losses
http://business.smh.com.au/business/...1111-5m5u.html
Alcoa and Alumina Ltd will delay indefinitely a $US3 billion ($4.5 billion) expansion to their Wagerup alumina refinery in Western Australia.
In 2006, Alcoa said the expansion would provide $17 billion additional export revenue over the project life and fill the WA Government's coffers with an extra $11 million a year.
Nov 12th 2008, 6:12 pm
#64
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: Job Losses
BT announce 10,000 job cuts in this financial year. Recession really starting to bite. Germany now in official recession as well.
Nov 13th 2008, 4:05 pm
#65
Joined: Jun 2006
Posts: 4,555
Re: Job Losses
I just spoke to an IT Recruitment agent. She reckons the market has died with most companies putting in recruitment freezes.
Nov 14th 2008, 6:41 pm
#66
Joined: Jun 2006
Posts: 4,555
Re: Job Losses
http://www.abc.net.au/news/stories/2...14/2420551.htm
Looks like mining operations as well as projects are getting cut which is a bad for Perth house prices and job prospects.
Looks like mining operations as well as projects are getting cut which is a bad for Perth house prices and job prospects.
Consolidated Minerals set to shed more than 180 staff and contractors by mid-December.
Nov 14th 2008, 6:43 pm
#67
Joined: Jun 2006
Posts: 4,555
Re: Job Losses
http://www.abc.net.au/news/stories/2...ction=business
The 120 workers of a troubled Ballarat manufacturer have received a further setback, with administrators recommending it be liquidated after the deadline passed for them to find a new buyer.
Nov 16th 2008, 2:50 pm
#68
Joined: Jun 2006
Posts: 4,555
Re: Job Losses
Two IT contractors were let go today at my office. We have been asked to identify savings of 15%.
Nov 16th 2008, 3:12 pm
#69
Timelord
Joined: May 2006
Location: Lost in space...
Posts: 2,834
Re: Job Losses
Nov 16th 2008, 9:13 pm
#70
BE Enthusiast
Joined: Apr 2005
Location: Melbourne
Posts: 629
Re: Job Losses
Builder client with normally 20-25 construction jobs on the go is in trouble... They deal with alterations and additions in the middle/high price bracket throughout Sydney and are normally booked several months in advance... Their MD told me last week that at the moment he has no idea what to do with his staff come January... never seen anything like it in 25 years... business has simply dropped off the edge of a cliff...
Nov 17th 2008, 6:30 am
#71
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: Job Losses
52,000 more cuts to come at Citigroup on top of 23,000 already announced.
http://news.bbc.co.uk/1/hi/business/7733575.stm
http://news.bbc.co.uk/1/hi/business/7733575.stm
Nov 17th 2008, 10:47 am
#74
Guest
Posts: n/a
Re: Job Losses
52,000 more cuts to come at Citigroup on top of 23,000 already announced.
http://news.bbc.co.uk/1/hi/business/7733575.stm
http://news.bbc.co.uk/1/hi/business/7733575.stm
Certainly [the job cuts] will fall particularly heavily on London and New York. Win Bischoff, Citigroup chairman.
Of the 52,000 job losses, around half are understood to already be accounted for with the previously announced sale of Citigroup's German retail banking business and an Indian outsourcing operation.
Of the 52,000 job losses, around half are understood to already be accounted for with the previously announced sale of Citigroup's German retail banking business and an Indian outsourcing operation.
