Jobs 4/14/09
Nothing unexpected today:
Discover Will Slash 500 Employee Positions Next Month — 4.2% of their workforce. Spending is down and defaults are up. Not the best business environment for a credit card company.
UBS to Cut 240 Jobs in Asia-Pacific Wealth Management — This is only 3% of their workforce in the area. They’ve cut over 11,000 jobs. Expect more.
Wal-Mart May Cut Many as 2,000 Jobs in China, 21st Herald Says — Walmart’s attempts to take over Asia have been less than successful.
Dniprospetstal May Cut 1,000 Jobs in Second Quarter, Delo Says — Ukrainian steel jobs. Metals aren’t doing too well worldwide. Rio Tinto has Aluminum operations in China that are depending on a bailout.
