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.... Thirty-five per cent of male jobs were identified as being at high risk against 26% of female jobs. The PwC study is the latest to assess the potential for job losses and heightened inequality from AI. ... [Read full article on Guardian ]
Friday 24th of March 2017 07:30:26 AM
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....On Monday, four provincial governors spoke out against an Akzo takeover, saying it would hurt Dutch jobs. Akzo said the latest PPG proposal did not address its initial concerns, which included the valuation, risks that the deal might not be accepted by regulators, the leverage of the merged company, and job losses. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 10:10:12 AM
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....”. Unions said they were concerned at any potential job losses as a result of the contract ending early. ... [Read full article on Guardian ]
Monday 27th of March 2017 09:22:20 AM
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Latest Finance News related to Job Loss

UK nuclear decommissioning debacle costs government nearly £100m image
Source : Guardian [Read Article] Monday 27th of March 2017 09:22:20 AM
....”. Unions said they were concerned at any potential job losses as a result of the contract ending early. ...
Millions of UK workers at risk of being replaced by robots, study says image
.... Thirty-five per cent of male jobs were identified as being at high risk against 26% of female jobs. The PwC study is the latest to assess the potential for job losses and heightened inequality from AI. ...
Investors urge Dulux owner to hold takeover talks image
Source : BBC [Read Article] Wednesday 22nd of March 2017 10:10:12 AM
....On Monday, four provincial governors spoke out against an Akzo takeover, saying it would hurt Dutch jobs. Akzo said the latest PPG proposal did not address its initial concerns, which included the valuation, risks that the deal might not be accepted by regulators, the leverage of the merged company, and job losses. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....Europe’s busiest heliport, which ferries offshore oil workers between north-east Scotland and North Sea rigs, is normally one of the most active parts of Aberdeen. But the oil industry’s two-year slump and thousands of job losses mean some residents say the food banks are the now the busiest place in the “energy capital of Europe”. ...
Philip Green's lavish party for his 65th ends exile from social circuit image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:27:49 PM
.... The guest list for the event to mark his 65th birthday included the model Kate Moss, the Strictly Come Dancing host Tess Daly and Sports Direct’s founder, Mike Ashley. Green’s reputation has been battered since the collapse of retail chain BHS, which led to 11,000 job losses. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
. Co-operative Bank has reported its fifth consecutive year of losses and warned of more branch closures and job losses as its struggles to restore its fortunes following its tie-up with Britannia Building Society. ...
Standard Life's Aberdeen deal means job losses – but avoids US takeover image
....An all-Scottish deal at least makes the wider politics easy. There will be job losses but it must be better for Scotland that Aberdeen is not consumed by a US firm and instead becomes part of one that will be Europe’s second largest fund manager. ...
Standard Life and Aberdeen seek to tie in key staff in £11bn merger image
Source : Guardian [Read Article] Monday 6th of March 2017 08:06:34 AM
....Gilbert, whose firm has suffered 15 consecutive quarters of investors withdrawing their cash, refused to disclose how many jobs would be lost as the enlarged company admitted it would spend £320m to cut costs. “We just can’t talk about job losses,” said Gilbert, insisting estimates of 1,000 were “grossly exaggerated”. ...
Vauxhall-Opel sold by GM to Peugeot-Citroen image
Source : BBC [Read Article] Monday 6th of March 2017 07:31:41 AM
....9bn) deal to buy General Motors' European unit, including Vauxhall. GM Europe has not made a profit since 1999 and the deal has raised fears about job losses at Vauxhall. ...
Aberdeen Asset Management and Standard Life confirm merger terms image
....BBC Scotland business and economy editor Douglas Fraser said the logic of putting the firms together was to build investment clout, so they can compete with US-based giants such as Blackrock. But he said analysts were predicting the merger could mean around 1,000 job losses - representing about one in 10 of the current employees. ...
Standard Life  and Aberdeen Asset Management confirm merger talks image
Source : Guardian [Read Article] Sunday 5th of March 2017 05:57:06 PM
....Sources close to the deal insisted at the weekend that Standard Life and Aberdeen were looking to merge in order to grow, not shrink, and create a flagship business for Scotland. They said that job losses could be offset by new opportunities created by the expansion of the enlarged company. ...
Peugeot 'set to unveil deal to buy GM's Opel on Monday' image
Source : BBC [Read Article] Friday 3rd of March 2017 11:26:34 PM
.... . News that the two companies were in talks emerged last month raising fears that the deal could lead to job losses. ...
Sainsbury's to cut 400 jobs in shakeup of operations image
Source : Guardian [Read Article] Friday 3rd of March 2017 06:56:36 PM
....Unite, the trade union, urged Sainsbury’s to guarantee that there will be no compulsory redundancies. Julia Long, Unite’s national officer for food and drink, said: “This is very bad news for those dedicated workers affected by the planned job losses and Unite will be giving our members maximum support at this difficult time. ...
City news: Merlin Entertainments, Sportech, and Mike Ashley  image
Source : Daily Express [Read Article] Friday 3rd of March 2017 08:59:00 AM
....He is thought to have paid about £25million. It is not known whether there will be job losses. ...
Bridgend reels from jobs threat hanging over Ford plant image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:00:39 AM
Mike Ashley firm buys lingerie firm Agent Provocateur image
Source : BBC [Read Article] Thursday 2nd of March 2017 04:27:32 PM
....Agent Provocateur has 10 stores in the UK and employs around 600 people. It is not known if there will be job losses. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
....To be sure, Trump is right that better adjustment mechanisms for America’s left-behind blue-collar workers are long overdue. But trade, on balance, has done much more good than harm, and the overwhelming majority of manufacturing-job losses in the developed world have resulted from technological advances like automation. ...
Ford Bridgend: Welsh secretary 'optimistic' over future image
Source : BBC [Read Article] Thursday 2nd of March 2017 06:05:24 AM
...." . First Minister Carwyn Jones said on Wednesday the job losses were a "worst case scenario". ...
Chris Grayling tells Japan: some of our trains are superior to yours image
Source : Guardian [Read Article] Sunday 26th of February 2017 05:03:58 PM
....Japan’s investment in the UK also includes Hitachi Rail Europe’s £82m train manufacturing plant in Newton Aycliffe, County Durham. However, Hitachi chairman Hiroaki Nakanishi warned before June’s EU referendum that a Brexit vote could result in a reduction of investment and job losses at the Newton Aycliffe site. ...
Vauxhall pensions 'won't be hit by PSA Group deal' image
Source : BBC [Read Article] Friday 24th of February 2017 12:40:52 PM
....". Unions in Germany and the UK have been concerned that a takeover of Opel and Vauxhall could lead to job losses. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
....The boss of PSA Group, which is in talks to buy General Motors’ loss-making Opel business in Europe, including Vauxhall, has given assurances to the UK government and Britain’s biggest union that production will be guaranteed until at least 2021. Carlos Tavares has been on a charm offensive with politicians and unions in the UK and Germany, trying to soothe fears over factory closures and job losses if the takeover goes ahead. ...
Royal Bank of Scotland losses more than treble to £7bn image
Source : BBC [Read Article] Friday 24th of February 2017 07:32:39 AM
....RBS plans to cut costs by £2bn over the next four years, which will mean job cuts and further branch closures. Chief executive Ross McEwan told the BBC the cost cuts were "huge, and unfortunately there will be job losses amongst that". ...
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
....Royal Bank of Scotland has reported a new £7bn loss – its ninth consecutive year deep in the red – which has taken its total losses since the 2008 financial crash to more than £58bn. The 73% taxpayer-owned bank said it would not return to profit until 2018 and announced a £2bn cost-cutting plan, which will mean more job losses and branch closures to put the bank back in the black. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
....May had stressed the British government’s commitment to the UK car industry in a telephone conversation with the PSA executive on Wednesday evening. Tavares said he wanted to create a new “European car champion” and pledged to work with national governments and unions worried about job losses. ...
Peugeot owner PSA sees profits nearly double image
Source : BBC [Read Article] Thursday 23rd of February 2017 10:11:37 AM
....47bn). PSA's possible purchase of GM's European brands has raised fears of job losses at Vauxhall in the UK. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
....But what does “accelerating delivery of value for the benefit of our shareholders” mean? In Kraft Heinz’s mouth, translation would be easier. It could imply thousands of job losses, cuts in investment and less time spent fretting about sustainable models of capitalism. ...
Losing banking jobs to EU 'threatens financial stability across Europe' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....”. Such warnings are being passed to the government by a number of top financiers, many of whom believe the City’s early focus on job losses has obscured the more important challenge of persuading Europe that it faces potentially catastrophic risks of its own if London’s position as a financial centre is damaged. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
.... Unilever is prepared to be held to account by outsiders in a manner than would be hard to imagine under Kraft Heinz’s ownership. The only certainties in a takeover would have been heavy job losses and higher levels of financial leverage. ...
Kraft Heinz withdraws Unilever takeover bid image
Source : Guardian [Read Article] Sunday 19th of February 2017 05:28:53 PM
.... Pledges to save factories were reneged on almost immediately, before the firm was spun off to form a separate firm, Mondelez, while customers believed the quality of products such as its Creme Egg were downgraded. A source close to the bid earlier insisted there was “no comparison” between the Kraft Heinz company and its management team and the Kraft that took over Cadbury – but admitted that there would be stringent cost-cutting and “synergies” including job losses should Unilever be taken over. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
....Last week General Motors revealed it was in talks with Groupe PSA, the owner of Peugeot and Citroen, about selling its European businesses, Opel and Vauxhall, while Unilever rejected a $143bn (£115bn) bid from Kraft Heinz. If both deals go ahead, job losses in the UK will be a genuine concern. ...
Lloyd's alcohol ban challenges City of London's drinking culture image
Source : Guardian [Read Article] Friday 17th of February 2017 06:14:58 PM
....The big change came with the dramatic reforms of the 1980s, including the big bang, which eventually led to small, leisurely trading banks being gobbled up by large international corporations, and a much more competitive trading environment. In 15 years at the financial services giant BCG, Buik says, he can’t remember a broker ever leaving their desk between 7am and 5pm except for short snack and toilet breaks, and with increasing uncertainty and job losses in recent years, City workers are even more nervously conscientious than before. ...
Unilever to mount fierce defence against Kraft Heinz after rejecting £115bn offer image
.... Kraft Heinz, whose brands include Philadelphia and WeightWatchers, vowed to keep up its pursuit despite Unilever insisting that there was “no merit, strategic or financial” to a deal. The US firm’s attentions drew fire from trade union Unite, which branded Kraft “predatory” and predicted that any deal would trigger job losses among the two companies’ combined UK workforces of nearly 9,000. ...
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
. Len McCluskey, leader of the UK’s biggest union, has warned that it will oppose job losses at Vauxhall, as the chief executive of US parent company General Motors flew to Germany for talks about the sale of its struggling European car-making business. ...
Nurofen maker acquires US baby food and Choco Milk company image
Source : Guardian [Read Article] Friday 10th of February 2017 09:57:31 AM
....The deal is estimated to bring £200m in annual cost savings. The two companies have not discussed job losses yet, Kapoor said, but employees in the UK will not be affected, as Mead only has a small business in the country. ...
'UK could be fastest-growing G7 economy if it gets trade deals right' image
Source : Guardian [Read Article] Tuesday 7th of February 2017 06:30:07 AM
....The consultancy firm’s long-term optimism about the UK economy is in contrast to its more gloomy near-term forecasts for the effects of a Brexit vote, published with pro-remain business group the CBI before the referendum. Its analysis in March last year warned that leaving the EU would cause a serious shock to the UK economy that could lead to 950,000 job losses and leave the average household £3,700 worse off by 2020. ...
Robots 'could replace 250,000 UK public sector workers' image
Source : Guardian [Read Article] Monday 6th of February 2017 09:10:14 AM
....The report also highlights the scope for increased automation in policing through crowd-monitoring drones and facial recognition technology, although it acknowledges the concerns involved in holding people’s images. Alexander Hitchcock, the report’s co-author, said: “Such a rapid advance in the use of technology may seem controversial, and any job losses must be handled sensitively. ...
US jobs growth in January is strongest since June, report finds image
Source : Guardian [Read Article] Wednesday 1st of February 2017 03:47:20 PM
....Manufacturers added 15,000 jobs, the most in more than two years, ADP’s report said. Other measures of manufacturing output have indicated that factories have largely rebounded from headwinds such as the strong dollar and slower overseas growth that had caused steady job losses for nearly two years. ...
Brum rush: Birmingham becomes tourist hotspot image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:05:07 AM
.... The move will create 1,200 jobs. The closure of regional tax offices leading to job losses will also be Birmingham’s gain in 2019 when HM Revenue & Customs opens a regional hub employing at least 3,000 people. ...
Quitting EU regulator 'would leave UK waiting longer' for new drugs image
Source : Guardian [Read Article] Saturday 28th of January 2017 07:00:48 AM
.... But it would have to increase hugely in size if it became responsible for approving all new drugs aimed at the British market. Ashworth has asked Hunt to spell out how much it would cost Britain to have a dedicated national drugs regulator and also said that “regulatory divergence between a post-Brexit Britain and the EU” could lead to job losses in the life sciences industry, a sector May has highlighted as central to the UK’s economic prospects after departure form the EU. ...
Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs image
. The car industry has told Theresa May that the introduction of tariffs after Britain leaves the EU is a “red line” issue that would lead to a fall in sales and potentially result in job losses. ...
Trump withdraws from Trans-Pacific Partnership amid flurry of orders image
Source : Guardian [Read Article] Monday 23rd of January 2017 05:46:50 PM
....Trump’s decision not to join the Trans-Pacific Partnership (TPP) came as little surprise. During his election campaign he railed against international trade deals, blaming them for job losses and focusing anger in the industrial heartland. ...
Bank of England ‘keeping close eye on consumer spending’, says Carney image
....In his speech, he also defended again the Bank’s decision to cut interest rates to a record low of 0. 25% in August to shore up confidence and limit job losses in the wake of the EU referendum in June. ...
Obama's legacy image
Source : BBC [Read Article] Friday 13th of January 2017 12:03:44 AM
.... . If the auto industry had in fact collapsed, we would probably need to spread something like a million more job losses across those bars for 2009-10. ...
M&S: Good news finally? image
Source : BBC [Read Article] Thursday 12th of January 2017 12:23:35 PM
....Even so, a 0. 8% increase is not to be sneezed at, and is evidence perhaps that the back-to-basics reforms of chief executive Steve Rowe, which include hundreds of job losses at head office and the closure of most of the international stores, is having some effect. ...
M&S beats Christmas sales forecast in clothing and homeware image
Source : BBC [Read Article] Thursday 12th of January 2017 08:18:05 AM
....Even so, a 0. 8% increase is not to be sneezed at, and is evidence perhaps that the back-to-basics reforms of chief executive Steve Rowe, which include hundreds of job losses at head office and the closure of most of the international stores, is having some effect. ...
Hard Brexit threatens global financial system, City chiefs tell MPs image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:42:39 PM
. Brexit poses a risk to the global financial system and could spark more than 230,000 job losses, senior City figures have told MPs as they called for clarity on the UK’s future relationship with the EU. ...
Post Office to close and franchise more Crown branches image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:25:18 AM
....The CWU held a five-day strike before Christmas at Crown post offices in a dispute partly about branch closures. The union is also concerned about job losses and pension provision. ...
Mexico and Mr Trump: What will happen to trade ties? image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:59:36 PM
....The important thing about Nafta is that companies importing and exporting between the three countries pay no tariffs. Mr Trump believes it's been bad for the US as cheaper Mexican labour has meant some US manufacturers have moved production across the border, resulting in job losses at home. ...
Household debt rises to post-credit crunch high image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:26:03 AM
....Peter Tutton, head of policy at the charity, said people in problem debt would be receiving letters threatening court action and enforcement action. "What tends to trigger that is a shock to their income, such as a job loss or maybe they have a big bill to repair the car. ...
BHS workers swamp Charles Dickens charity with help requests image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:53:33 PM
....A hardship charity once chaired by Charles Dickens has been overwhelmed with requests for support from struggling shopworkers in the months since the collapse of BHS. The failure of the department store chain earlier this year, which triggered 11,000 job losses, has led to a record number of applications to the Fashion and Textile Children’s Trust for help. ...
John Lewis boss: higher minimum wage should boost productivity image
Source : Guardian [Read Article] Sunday 25th of December 2016 02:17:39 PM
....20 an hour. However, retailers warned it could lead to job losses, with Dave Lewis, the boss of Tesco, saying it was part of a “potentially lethal cocktail” of costs facing the industry. ...
Lloyds Bank buys MBNA credit card firm for £1.9bn image
Source : BBC [Read Article] Tuesday 20th of December 2016 07:29:36 AM
....The banking group has been implementing a restructuring plan, and in October this year confirmed that more than 1,200 jobs would be lost. The cuts were part of the 9,000 job losses the bank first announced in October 2014. ...
Union leader says No 10 demonising working people in strikes row image
Source : Guardian [Read Article] Monday 19th of December 2016 05:54:12 PM
....Industrial action by Southern rail conductors in the RMT union and a continuing ban on overtime by drivers in the Aslef union were expected to cause further disruption for 300,000 passengers on Monday and Tuesday. Post Office staff who are members of the Communication Workers Union are striking for five days this week, including Christmas Eve, in protest at job losses, the closure of a final salary pension scheme and the franchising of crown post offices. ...
Southern rail dispute reflects workers’ growing fears about rise of automation image
....Trains with a guard become driver-only trains, which then become driverless trains. That’s the fear underlying Aslef’s dispute with Southern railways and accounts for the rearguard action to prevent further job losses across the rail industry. ...
Urgent Brexit deal needed to avert banking job losses, peers to warn image
Source : Guardian [Read Article] Tuesday 13th of December 2016 06:06:17 PM
....Peers on the committee, due to report on Thursday, have been struck by the urgent need for financial institutions to make decisions on their location because they cannot wait until the end of Brexit negotiations in 2019 to find out if they can trade in the single market from London. The committee has been given a range of estimates of the likely job losses across the financial services sector including a claim from Ernst and Young, commissioned by the London Stock Exchange, that 200,000 UK jobs are at stake. ...
Post Office workers to stage five days of strikes next week image
Source : Guardian [Read Article] Monday 12th of December 2016 07:09:07 PM
.... But the company said its understanding was that talks were due to resume this week and said it was “extremely disappointed” by the decision to walk out. Staff representatives and management are in dispute over the closure of a final salary pension scheme, job losses and the franchising of crown post offices, the larger branches that are usually on high streets. ...
Rolls-Royce cuts 800 more jobs from its marine division image
Source : BBC [Read Article] Thursday 1st of December 2016 02:32:20 PM
....The firm, which depends on oil and gas-related customers for about 60% of its marine business, blamed the weakness in the energy sector for the cuts. Rolls-Royce said the job losses would be made from mid-2017 in an effort to make savings of between £45m and £50m. ...
National Living Wage 'has not hit employment' image
Source : BBC [Read Article] Tuesday 29th of November 2016 12:48:49 AM
.... . The think tank's stance echoes the widespread claims of business organisations in the 1990s that the introduction of the UK's national minimum wage - which started in 1999 - would lead to widespread job losses. ...
Post Office strike to disrupt Christmas mail, says union image
Source : BBC [Read Article] Monday 28th of November 2016 12:20:35 PM
....". But the CWU said it faced up to 2,000 job losses as a result and it would lead to the closure of its pension scheme. ...
National Living Wage: OECD urges caution over increase image
Source : BBC [Read Article] Monday 28th of November 2016 11:03:16 AM
....". The organisation's stance echoes the widespread claims of business organisations in the 1990s that the introduction of the UK's national minimum wage - which started in 1999 - would lead to widespread job losses. ...
Post Office workers to strike for third time in four months image
Source : Guardian [Read Article] Friday 25th of November 2016 11:24:13 PM
....Members of the Communication Workers Union will walk out on Saturday, 3 December. The union is embroiled in a long-running row over the franchising of Crown post offices, the larger branches usually sited on high streets, job losses and the closure of a final salary pension scheme. ...
Unemployment falls to 11-year low image
Source : Guardian [Read Article] Wednesday 16th of November 2016 03:07:31 PM
....”. Independent thinktank Fathom Consulting said the uncertainty generated by the Brexit vote “will go on for months, if not years”, hitting business investment first, and resulting in greater job losses. ...
More than 7m Britons now in precarious employment image
Source : Guardian [Read Article] Tuesday 15th of November 2016 01:48:33 PM
....The human impact of the phenomenon is also becoming clear. Last year, a review of studies around the world published in the BMC Public Health journal concluded that job insecurity posed a comparable threat to health as unemployment – and that anticipating a job loss could actually have a more significant effect than experiencing it. ...
Alton Towers to axe 70 jobs after Smiler rollercoaster crash image
Source : Guardian [Read Article] Monday 14th of November 2016 02:55:04 PM
.... The redundancies, which represent up to 9% of its permanent workforce, are in addition to 98 jobs that were axed earlier this year. An employee told the Stoke Sentinel, which first reported the job losses: “When we were told about the redundancies people were very upset and angry. ...
How insurers are watching you online, and is it time to switch energy provider? image
....‘Switch and save’ say energy experts, as fixed-rate tariffs end. Cheque processing centres to close with 600 job losses. ...
Move over, Manchester – Midlands motor Birmingham is setting the pace image
Source : Guardian [Read Article] Thursday 10th of November 2016 06:01:24 AM
.... The move will create 1,200 jobs. The closure of regional tax offices leading to job losses will be Birmingham’s gain in 2019 when HM Revenue & Customs opens a regional hub employing at least 3,000 people. ...
Cheque processing centres to close with 600 job losses image
Source : Guardian [Read Article] Tuesday 8th of November 2016 12:05:52 PM
....Intelligent Processing Solutions Ltd (iPSL), which processes 5m cheques a day, said it plans to slash its operations to two sites in Northampton and Milton Keynes. This will reduce its workforce to just over 700 people, according to the Unite union, which described the job losses as “tragic”. ...
M&S to close 30 UK stores and cut back on clothing image
Source : Guardian [Read Article] Tuesday 8th of November 2016 08:00:40 AM
....The turnaround plan outlined by Rowe also includes the closure of 53 loss-making overseas stores in 10 countries. They include 10 stores in China, seven in France and others in Belgium and Hungary, resulting in 2,100 job losses. ...
M&S to close clothing and home stores in turnaround plan image
Source : BBC [Read Article] Tuesday 8th of November 2016 07:15:46 AM
....". He would not be drawn on job losses or which stores would close, amid warnings from trade unions that staff would be "extremely concerned" about where the axe will fall. ...

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