UK loses more jobs during the second quarter of 2007 than any other European country - 1 August 2007

The UK tops a European list for the number of job losses during the second quarter of 2007. A quarterly report published by the European Restructuring Monitor (ERM) found that 72,051 job cuts were announced in Europe from 1 April and 30 June 2007 as a result of 335 company restructuring cases.
The UK leads the way, followed by Poland, Italy, The Netherlands and Germany, which all contribute 67% towards the total.


AstraZeneca announces a further 4,600 job cuts - 26/7/2007
AstraZeneca has announced a further 4,600 job cuts as part of its ongoing restructuring programme, giving a total job loss figure at the pharmaceutical firm to 7,600.

Cadbury job cuts - 700 staff to go - 4/10/2007
Cadbury Schweppes is to close one of its chocolate factories and cut 700 jobs as it transfers work to Poland in an attempt to save costs. Further job losses in offices around London are expected to be announced under plans to separate the beverages business from the confectionery arm. About 500 redundancies will come from closing its Keynsham factory near Bristol

AOL to Cut Global Work Force by 20 Pct
NEW YORK (AP) AOL is reducing its global work force by 2,000 employees, or 20 percent, as it continues a transition from Internet access provider to online advertising company.

BBC confirms 2,500 job cuts - 18/10/2007
BBC is to axe 2,500 jobs and sell Television Centre in London, it was confirmed today. News, TV production and factual programmes will be hardest hit by the cuts.

Wolseley to slash jobs - MoneyAM

Wolseley said sales trends and outlook are uncertain while announcing a fall of about 12% in trading profit.

The building materials giant blamed the slowing US housing market.

Low consumer confidence following uncertainty relating to liquidity in global financial markets and the weakness of the dollar also contributed to the decline.

The company expects business conditions in a number of its markets to become more challenging over the next few months.

Wolselely also plans to cut another 1,300 jobs in the second quarter in North America, further to the 1,700 jobs already cut, to achieve combined annual savings of 60m.

CEO, Chip Hornsby, said the group continued to take 'decisive action' in the more challenging business conditions, and added that, whilst keeping a tight control on costs, it will continue to invest to create competitive advantage.

'We remain confident that with our size, scale and financial strength, we will emerge from this slowdown as a stronger competitor with an excellent platform for future growth.'

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