Companies Announce Cutbacks For The Month Of April 2012.

PPG Industries, Inc.  |  Chemical Manufacturing
Pittsburgh-based PPG Industries will cut 2,000 jobs, mostly in Europe. The layoffs are attributed to weaker demand in Europe for its products, which include paints and coatings, chemicals, and glass and continuous strand fiber glass.
Layoffs: 2,000
Reuters,  April 5, 2012
American Airlines  |  Airlines
American Airlines will eliminate an additional 1,200 nonunion jobs as it reorganizes under bankruptcy protection. Jobs include airport agents and cargo employees.
Candidates: 1,200
USA Today,  April 19, 2012
Sony Corporation  |  Consumer Electronics Manufacturing
Sony, which has been losing billions of dollars a year, will eliminate 10,000 jobs as part of a major restructuring effort. The company, which invented the Walkman, has lost consumers to competitors like Apple.
Candidates: 10,000
NPR,  April 12, 2012
EMI Music Publishing  |  Music Production & Distribution
EMI Music Publishing will eliminate 326 jobs in connection with the company’s acquisition by Sony/ATV Publishing. Job cuts will take place within two years.
Candidates: 326
Bloomberg Businessweek,  April 18, 2012
First Solar, Inc.  |  Semiconductor & Other Electronic Component Manufacturing
First Solar, a maker of solar panels, will reduce its workforce by 30 percent in order to cut costs. The company will eliminate 2,000 jobs, including 120 positions in the United States and 1,200 in Germany.
Candidates: 2,000
CNNMoney,  April 17, 2012
H.B. Fuller Company  |  Specialty Chemical Manufacturing
H.B. Fuller Company, a maker of specialty chemicals, will close six manufacturing facilities and eliminate 130 jobs in North America as it integrates operations with the adhesive business of Forbo, a Swiss firm it agreed to buy last year. Job cuts will be completed by the middle of 2013.
Candidates: 130
Reuters,  April 19, 2012
The Game Group plc  |  Computer & Software Stores
The Game Group, Europe’s leading PC and video games retailer, will shutter 277 stores in the UK, almost half of its UK locations, and eliminate 2,100 jobs. The company has suffered ongoing losses and is attempting to restructure amid temporary protection from creditors.
Layoffs: 2,100
The Telegraph,  March 26, 2012


Best Buy Co., Inc.  |  Consumer Electronics & Appliances Stores
Best Buy plans to close 50 stores over the next year, while also cutting 400 corporate and support jobs. The consumer electronics giant, which posted a $1.7 billion loss for its fourth quarter ending March 3, faces stiff competition from other retailers.
Layoffs: 400
ABC News,  March 29, 2012


J.C. Penney Corporation, Inc.  |  Department Stores
Retailer J.C. Penney will eliminate approximately 600 positions at its corporate headquarters in Plano, Texas, as the company’s new CEO streamlines operations. A call in center in Pittsburgh will also close July 1, resulting in 300 jobs lost.
Layoffs: 900
Reuters,  April 5, 2012


Yahoo! Inc.  |  Internet Search & Navigation Services
Internet search and content provider Yahoo will cut 2,000 jobs as the company’s new CEO begins reorganizing the company. The job cuts, which represent approximately 14 percent of the workforce, will save Yahoo $375 million per year.
Layoffs: 2,000
CNNMoney,  April 4, 2012


Canadian Broadcasting Corporation  |  TV Broadcast & Cable Networks
Canadian Broadcasting Corporation (CBC) will eliminate 650 full-time jobs across Canada in response to deep cuts in federal funding. The broadcaster also plans to make changes to employee pensions and sell some buildings.
Layoffs: 650
The Vancouver Sun,  April 5, 2012


T-Mobile USA, Inc.  |  Wireless Network Operators
T-Mobile, the United States subsidiary of Deutsche Telekom, will reduce the number of call centers across the U.S. from 24 to 17 in order to cut costs and stay competitive. In the process, the company will eliminate 1,900 jobs.
Layoffs: 1,900
New Mexico Business Weekly,  March 23, 2012


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