• Most Popular
  • Most Shared

FACTBOX: Financial crisis hits jobs

Fri Oct 17, 2008 8:25am EDT

(Reuters) - As the financial crisis begins to push the West into recession there is growing concern about job security.

EU leaders have said they will take whatever steps are necessary to support jobs and the economy. And French President Nicholas Sarkozy has said the auto sector may need help given that the United States was making cheap loans to its carmakers.

Here are some details of major jobcuts in non-financial sectors since the beginning of last month.

REGION:

EUROPE:

COMPANY SECTOR NUMBERS DATE

Alitalia Airlines 3,000 Sept 15

Akzo Nobel Manufacturing 3,500 Sept 29

Nissan Auto 1,680 Oct 13

Renault Auto 6,000 Sept 9

Stora Enso Paper 3,150 Sept 10

Telecom ItaliaTelecoms 5,000 Sept 19

UPM-Kymmene Paper 1,600 Sept 10

Volvo Auto 1,400 Sept 30

REGION:

USA:

COMPANY SECTOR NUMBERS DATE

Daimler AG Auto 2,300 Oct 14

eBay IT 1,600 Oct 6

Hewlett-Packard IT 24,600 Sept 15

Micron Technology IT 2,800 Oct 9



More from Reuters

Photo

Copenhagen climate talks in trouble, blame begins

COPENHAGEN (Reuters) - Prospects for a strong U.N. climate pact grew more remote on Thursday at the climax of two-year talks as ministers and leaders blamed leading emitters China and the United States for deadlock on carbon cuts. | Video

An office worker is reflected in the pavement as he walks with an umbrella in Singapore's financial district October 8, 2008.REUTERS/Vivek Prakash

Death of a salesman

Old-style sales reps may be fading thanks to a shift in the pharmaceutical market that has created a new gatekeeper in drug sales.  Full Article 

Marine from Delta Company of 2nd Light Armored Reconnaissance Battalion patrols near the town of Khan Neshin in Rig district of Helmand province, southern Afghanistan September 10, 2009. REUTERS/Goran Tomasevic

A bloody fight looms

Marines on the frontlines of the Afghan surge in Helmand Province are ramping up for a battle that their commander says will be the "end of the line" for insurgents.  Full Article