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World News   Business   Job Cut
World Job Cut Timeline Friday, September 5     Author
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US unemployment rate reaches 5.5%

World News
    Business
        Job Cut
            2007 (5)
            2006 (4)
            2005 (5)
            2004 (1)
            2003 (3)
            2002 (7)
            2001 (10)
            2000

            Europe (7)
            East Asia (9)
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            Middle East
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            Latin America
            North America (21)
               USA (19)
               European Union (7)
               Japan (8)
               U. S. Midwest (7)
               San Francisco Bay Area

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            Chart
Siemens plans to cut 16,750 jobs
US jobless rate at four-year high


August 2008 ... more > Top ^

Aug.1   Washington
  The unemployment rate climbed to 5.7% in July, its highest in more than four years


July 2008 ... more > Top ^

Jul.8   Germany
  Siemens plans to cut 4% of the workforce worldwide as the conglomerate streamlines its operations to weather the economic downturn


June 2008 ... more > Top ^

Jun.6   USA
  The rate rose at its fastest pace in more than two decades in May, stoking fears of recession in the world's biggest economy


year 2007 Top ^

Nov.1   Detroit Chrysler to cut 10,000 jobs in US  The car giant has announced plans to cut at least 10,000 jobs, months after it was bought by a leading private equity firm Sep.7   California Mortgage lender Countrywide slashes jobs
  Chief Executive Angelo Mozilo: Countrywide Financial was being forced to cut up to 12,000 jobs, 1/5 of its staff Feb.28   France Airbus to cut 10,000 jobs
  CEO Louis Gallois announced the restructuring plan: 10,000 jobs cut over four years; 4,300 in France, 3,700 in Germany
Feb.14   Germany DaimlerChrysler cuts 13,000 jobs  The German-US group would close one Chrysler factory as it continues efforts to turn around the struggling US operation Jan.25   Detroit Ford hit by record $12.7bn loss  Ford has reported the biggest annual loss in the embattled carmaker's 103-year history. Ford has plans to cut 45,000 jobs

year 2006 Top ^

Sep.14   Detroit Ford 'wants to cut 75,000 jobs'  United Auto Workers: Ford planned to offer the workers voluntary redundancy or early retirement Feb.10   Germany Volkswagen to cut 20,000 workers
  The carmaker is restructuring plans that are set to run until 2009. The shares jumped 8% to 54.79 euros Jan.23   USA Ford to cut up to 30,000 jobs  Ford Motor plans to close 14 manufacturing plants in North America as it tries to stem losses Russia, Ukraine reach natural gas deal

year 2005 Top ^

Nov.21   Detroit Car giant GM to cut 30,000 staff  General Motors is to cut 30,000 jobs in N. America under a restructuring drive that aims to revive the company Oct.5   New Orleans City sacks 3,000 workers  The city is sacking about half of its workforce, after the devastation caused by Hurricane Katrina Sep.21   Japan Sony to cut 10,000 jobs worldwide  Electronics giant has announced plans to cut 7% of the workforce as part of a restructuring program Jul.19   San Francisco Bay Area Hewlett-Packard cuts 14,500 staff  HP is to lay off about 10% of its workers over the next 18 months as part of its long-awaited restructuring Jun.7   Detroit GM to cut 25,000 jobs by '08

year 2004 Top ^

Apr.2   San Francisco Bay Area Sun settles with Microsoft, cuts 3,300 job


year 2003 Top ^

Oct.28   Japan Sony to slash 20,000 jobs
Jul.21   Brazil Volkswagen cuts 4,000 jobs Feb.5   Germany Unemployment hits new high

year 2002 Top ^

Nov.11   Beijing War on corruption and unemployment
Jun.25   New York WorldCom in accounting trouble, cut jobs
  Troubled telecom firm announces overstatement of financial results, 17,000 job cuts. WorldCom terminated CFO
May.3   USA Joblessness hits eight-year high Mar.8   USA Kmart to axe 22,000 jobs Jan.28   Japan Jobless rate hits 5.6% Jan.10   USA Ford to cut 20,000 job  5 plants in North America to be closed Peso devaluated

year 2001 Top ^

Dec.18   USA Motorola to cut 9,400 jobs Oct.29   Japan Shock rise in jobless Sep.19   USA Airlines slash thousands of jobs Sep.18   Seattle Boeing slashing up to 30,000 jobs
  Aviation industry asked for $24bn as financial rescue package Sep.15   USA Airlines cut jobs to avoid bankruptcy  Continental has laid off 12,000, Midway Airlines is laying off 1,700 Aug.30   Japan Hitachi cuts 14,700 jobs Aug.28   Japan Jobless rate hits record 5%
  Reforms are being pursued by Prime Minister Koizumi Aug.25   Japan Toshiba to cut 20,000 jobs  Toshiba and Hitachi are planning massive job cuts. Toshiba considering firings overseas Aug.20   Japan Fujitsu to cut workforce by 16,400
  Chipmaking giant will complete the cuts by the end of March 2002. Shares up 2.8% to 1,245 yen Jan.29   Detroit DaimlerChrysler to cut 26,000 jobs  Company to idle 6 plants at money-losing North American unit

year 2000 Top ^

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