LayoffBlog.com

March 4, 2009

ITV to Cut 600 Jobs

ITV Plc, the U.K.’s biggest commercial broadcaster, said it will cut a further 600 jobs and omit dividend payments after posting a 2.56 billion-pound ($3.6 billion) net loss for 2008 amid dropping advertising sales.

ITV, whose shows include “Britain’s Got Talent” and “X Factor,” is under pressure because advertisers are cutting budgets as the U.K. economy slumps. Broadcasters are also struggling to expand their Internet businesses to make up for a decline in traditional advertising. Ad revenue will probably fall 17 percent in the first quarter, ITV said today.

Source: Bloomberg

March 2, 2009

UK manufacturing could see 140,000 job cuts

UK manufacturing sector could see 140,000 job cuts in the year because of the economic downturn, the Engineering Employers Federation (EEF) said on Monday.

The engineering and manufacturing body, which surveyed 782 firms, forecast that manufacturing output would fall by 8.6% in 2009 and grow only 0.2% in 2009. Engineering output is set to shrink by 10.9% this year and rise by 0.9% next year.

Source ShareCast

February 15, 2009

Mini expected to announce the loss of 850 jobs

About 850 job cuts and the end of week­end working at the Mini car plant near Oxford are expected to be announced tomorrow in the latest blow to Britain’s manufacturing.

The marque, owned by BMW of Germany, saw global sales accelerate slightly last year only to drop 35% in January. The Mini workers hit by the decision are contract staff with few employment rights – brought in to work alongside full-time employees on the production lines, which built 230,000 vehicles last year. However, the move to reduce output and cut 850 out of 4,500 employees will also affect dozens of supply firms and thousands of their staff who depend on Mini.

Source: The Guardian

Blog at WordPress.com.