FACTBOX: Major job losses in non-banking sectors

Thu Feb 7, 2008 11:34am EST
 
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(Reuters) - BMW spelt out earlier this week how it plans to cut its 25 billion-euro bill for materials costs and eliminate thousands of jobs.

BMW, which employs around 108,000 full-time staff, said it has agreed with labor leaders to hire more temporary staff, let more people take early retirement or buyout offers, and leave vacancies unfilled.

Following are some major job cuts in non-banking sectors, announced in the last three months.

For a companion FACTBOX on Global financial job losses, click on ID:nL07348214:

* ABBOTT LABORATORIES (ABT.N)

-- Abbott Laboratories said on December 4 it would lay off about 1,200 workers in California and Ireland to compensate for a contracting market for its drug-coated heart stents and because of manufacturing improvements.

* BP (BP.L)

-- Oil giant BP said on February 5 that the planned sale of its U.S. service station network would shift 9,500 positions to franchisees and 5,000 jobs elsewhere in the company would be cut.

* BRISTOL-MYERS SQUIBB CO. (BMY.N)

-- Drugmaker Bristol-Myers Squibb Co said on December 5 it would eliminate 10 percent of its 43,000 work force and close more than half its factories over the next three years.

* CHRYSLER GROUP

-- U.S. automaker Chrysler said on November 1 it was cutting around 1,100 jobs at its Brampton, Ontario, assembly plant as part of wider layoffs planned by the automaker. The layoffs are in addition to 13,000 jobs that Chrysler had already planned to cut in February 2007.

* DOW CHEMICAL (DOW.N)

-- Dow Chemical Co., the largest U.S. chemical maker, said on December 4 it would shut a number of plants and eliminate about 1,000 jobs to cut costs.

* EMI:

-- Guy Hands, the private equity owner of EMI, said on January 15 it planned to cut up to 2,000 jobs at the ailing British music company.  Continued...

 

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