"Job cuts" refers to the process of reducing or eliminating employment positions within a company or organization. It means that some employees may lose their jobs, resulting in a decrease in the total number of individuals working for the company.
Full definition
The number
of job cuts expected in the NHS has nearly doubled in the last few months, according to new research.
This marks the fourth year - over-year increase in monthly
job cuts in 2012.
Costs cuts had to turn into
job cuts at some point within many fund firms who have been getting away with charging very high fees for many decades now.
Many trusts have already
announced job cuts and service reductions, although ministers want them to concentrate on reducing waste.
For some, such as those in the restaurant industry, this means preparation
for job cuts and reduced hours.
The largest three - month fall in unemployment since 2000 will help distract ministers from looming strikes over public
sector job cuts.
With job cuts looming all around and wage freezes becoming the norm, saving as much as possible on car insurance is imperative.
All companies related to the oil industry will struggle to survive, and many will resort to
massive job cuts to lower expenses.
This May an announcement was made that
more job cuts are imminent.
While we think we've come up with a few good reasons to take a
potential job cut in your career path, our list certainly isn't exhaustive.
But, even with a significant number of jobs saved, due to seasonal or part - time work, the
recent job cuts pushed the country's unemployment rate back to 8 %.
The union maintained that
further job cuts and office closures would damage public services and be bad for the economy.
Sometimes, CEOs are forced to cut because they need to make big changes quickly, but
most job cuts are more aggressive than they need to be.
And it has become leaner and less bureaucratic, in part through
huge job cuts — 35,000 by the end of 2016.
The question is
whether job cuts would be enough to help turn sentiment towards the stock.
However, this
year job cuts and lack of employment opportunities in construction are the main reasons.
Auto mechanics in search of work have a
tough job cut out for them.
After all, companies can offset wage gains with
jobs cuts losses and automation.
Business groups and conservatives are up in arms, saying a higher minimum wage would hurt small businesses and
spur job cuts.
Many of these are data entry operators
whose job cuts can be traced to our increasing reliance on technology.
I am currently job hunting since my
old job cut me due to lack of business.
The administrators will take over the business and present a new strategy that may entail asset sales, reduced operations and
job cuts aimed at making the airline viable within two years.
Another indication that the platform was never going to be revived this year was the company's decision to terminate its phone business in 2016, which even led to
multiple job cuts.
However, only 34 % plans to hire full - time employees and a further 20 % is actually
considering job cuts.
In the initial months post financial crisis it seemed barely a week passed without a law firm
announcing job cuts.
He also dug deep into the company's operations to cut costs, which included closing manufacturing facilities and making thousands
of job cuts.
We need a plan B for the economy because yesterday's figures showed the private sector isn't creating jobs fast enough to pick up public
sector job cuts.
That resulted in the elimination of 700 jobs across the eight newspapers, on top of 800
job cuts in 2012.
In place of the flood of new products that one expects at an international auto show, there were forecasts of sliding sales and profits, and
more job cuts.
Senior executives in the division were tasked with identifying
potential job cuts a few weeks ago, and this week were asked to increase their size, according to people familiar with the situation.
There was a reputation in place with him and many feared he was coming in and
forcing job cuts, including the Spotlight team.
The David Ross Education Trust has been given a «final warning» by unions over
job cuts as part of its # 1 million saving scheme.
The recession has hit the public sector particularly hard, with 15 % of local authorities planning to
make job cuts in 2009, according to the Local Government Association.
Now, even with massive
job cuts planned, Bombardier anticipates devoting more resources to the CSeries.
Bank of America is preparing for significant
job cuts across its global banking and markets business, according to people with knowledge of the matter.
In the past, he said, resistance to
job cuts by Malaysia's unions has been one of the main barriers to improving productivity and lowering operating costs.
One of England's largest academy trusts has been issued with a «final warning» by unions
over job cuts in what they claim is an unprecedented move that could lead to a strike by staff.
It talks about the current and looming round of
job cuts from big dogs like Abbott Laboratories, Bristol - Myers Squibb, Endo Pharmaceuticals, Lundbeck, Lonza, and Johnson & Johnson.
«We want to talk
about job cuts in the health service and the health service funding crisis.
This total
includes job cuts announced by Finance Minister Jim Flaherty in Budget 2012 as well as job losses from previous budget cuts.
Almost half of the largest law firms in London are expecting to
see job cuts as a result of the increasing use of artificial intelligence (AI) technology, according to new research.