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12/11/2008
Unemployment Highest In Over A Decade
Unemployment has risen by 140,000 to 1.82 million - the highest rate in 11 years, according to grim figures released today.
The Office for National Statistics figures also revealed the number of people claiming Jobseeker's allowance last month increased by 36,500 to 980,900. This is the highest monthly increase since 1992.
The number of people out of work rose to 5.8%, up from 5.4% in the previous quarter.
Those in work fell by 99,000 to 29.4 million, and vacancies were also down by 40,000 to 589,000, the report also said.
The bleak figures add to the worsening toll of job losses across manufacturing, with the biggest job cuts at Virgin Media.
Yesterday, British cable operator, Virgin Media announced it will be cutting over 2,000 jobs under new restructuring plans.
Virgin Media announced the 2,200 cuts, which equate to around 15% of the company's workforce, would come into affect by 2012. They form part of annual cost savings of more than £120 million.
The majority of the reductions are due to take place before the end of 2010, and the company revealed they would not start to cut jobs until the fourth quarter of next year.
The redundancy news comes three years after NTL's merger with Telewest, and Virgin's mobile phone division, which saw 4,000 job losses.
Neil Berkett, chief executive of Virgin Media, said: "We recognise that this brings with it significant uncertainty for our people and the communities where they work.
"Throughout the process, we will be communicating as early and openly as we can."
Virgin Media has 76 offices throughout the UK, with major bases including sites in London, Edinburgh, Nottingham and Sheffield.
The announcement comes just a week after Virgin Media agreed with banks to postpone repayments on its £4.3bn debt until 2012.
Meanwhile, the world's second-biggest drugs-making company GlaxoSmithKilne have announced the closure of their Dartford factory, in Kent, which would see the loss of 620 jobs. And in further news which could see Britain's unemployment rate rising further, under the current economic crisis, Yell - the publisher of the Yellow Pages - announced they would be cutting 1,300 jobs, in an attempt to save £100 million.
(JM)
The Office for National Statistics figures also revealed the number of people claiming Jobseeker's allowance last month increased by 36,500 to 980,900. This is the highest monthly increase since 1992.
The number of people out of work rose to 5.8%, up from 5.4% in the previous quarter.
Those in work fell by 99,000 to 29.4 million, and vacancies were also down by 40,000 to 589,000, the report also said.
The bleak figures add to the worsening toll of job losses across manufacturing, with the biggest job cuts at Virgin Media.
Yesterday, British cable operator, Virgin Media announced it will be cutting over 2,000 jobs under new restructuring plans.
Virgin Media announced the 2,200 cuts, which equate to around 15% of the company's workforce, would come into affect by 2012. They form part of annual cost savings of more than £120 million.
The majority of the reductions are due to take place before the end of 2010, and the company revealed they would not start to cut jobs until the fourth quarter of next year.
The redundancy news comes three years after NTL's merger with Telewest, and Virgin's mobile phone division, which saw 4,000 job losses.
Neil Berkett, chief executive of Virgin Media, said: "We recognise that this brings with it significant uncertainty for our people and the communities where they work.
"Throughout the process, we will be communicating as early and openly as we can."
Virgin Media has 76 offices throughout the UK, with major bases including sites in London, Edinburgh, Nottingham and Sheffield.
The announcement comes just a week after Virgin Media agreed with banks to postpone repayments on its £4.3bn debt until 2012.
Meanwhile, the world's second-biggest drugs-making company GlaxoSmithKilne have announced the closure of their Dartford factory, in Kent, which would see the loss of 620 jobs. And in further news which could see Britain's unemployment rate rising further, under the current economic crisis, Yell - the publisher of the Yellow Pages - announced they would be cutting 1,300 jobs, in an attempt to save £100 million.
(JM)
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30 July 2008
Northern Rock Reveals Job Cuts
Northern Rock is set to shed up to 1,300 jobs as part of a restructuring plan. The troubled bank, which was effectively nationalised this year, aims to limit the number of compulsory redundancies to 800, while 500 staff will leave voluntarily. The job cuts are in line with previously announced plans to cut 2,000 staff by 2011.
Northern Rock Reveals Job Cuts
Northern Rock is set to shed up to 1,300 jobs as part of a restructuring plan. The troubled bank, which was effectively nationalised this year, aims to limit the number of compulsory redundancies to 800, while 500 staff will leave voluntarily. The job cuts are in line with previously announced plans to cut 2,000 staff by 2011.
26 March 2015
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North Sea Oil Company Announce Job Cuts
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10 February 2015
Birmingham Council Considers Job Cuts In Money Saving Drive
Birmingham City Council has voted to reduce the opening hours of the city's new £189 million library by almost half. Opening hours of the library, which opened in September 2013, are to be cut from 73 to 40 as part of a drive to save money.
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11 September 2009
RMT Calls For Halt To Job Losses At Network Rail
Rail union RMT has called for a halt to job losses at Network Rail after new information supplied by the company revealed that 2549 maintenance jobs are now under threat – a significant increase on the 1800 confirmed by Network Rail two weeks ago.
RMT Calls For Halt To Job Losses At Network Rail
Rail union RMT has called for a halt to job losses at Network Rail after new information supplied by the company revealed that 2549 maintenance jobs are now under threat – a significant increase on the 1800 confirmed by Network Rail two weeks ago.
13 January 2006
BBC redundancies placed on hold
Compulsory redundancies at the BBC have been put on hold until at least April, following discussions between BBC Director-General Mark Thompson and the three unions concerned.
BBC redundancies placed on hold
Compulsory redundancies at the BBC have been put on hold until at least April, following discussions between BBC Director-General Mark Thompson and the three unions concerned.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
