4 d. ago ExxonMobil to cut 2,000 jobs worldwide amid restructuring plans

A day after Calgary-based Imperial Oil announced plans to slash its workforce by 20 per cent, its parent company, ExxonMobil, also announced deep job cuts.

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5 d. ago Imperial Oil to cut 20% of workforce by end of 2027 in restructuring effort

CALGARY — Imperial Oil is planning to slash about 20 per cent of its workforce by the end of 2027 as part of a restructuring plan. That would affect about 1,000 jobs, based on an employee count of 5,100 as of Dec. 31 of 2024, according to data from LSEG Data & Analytics. Calgary-based Imperial […]

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6 d. ago Lufthansa airline group to shed 4,000 jobs by 2030 with help of AI, sees stronger profits ahead

FRANKFURT, Germany (AP) — Lufthansa Group said Monday that it would shed 4,000 jobs by 2030 with the help of artificial intelligence, digitalization and consolidating work among member airlines — even as the company reported strong demand for air travel and predicted stronger profits in years ahead. Most of the lost jobs would be in […]

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8 d. ago Another 17 B.C. Liquor stores on strike as province agrees to restart bargaining

With the additional stores closed on Friday, that brings the total number of government liquor stores closed up to 77, and a total of more than 15,000 public sector workers who have walked off the job since Sept. 2.

Culture

9 d. ago Germany’s Industry Crisis Deepens as Bosch Cuts 13,000 Workers

Robert Bosch GmbH’s plan to slash 13,000 additional jobs shows how the German auto industry’s decline is rippling through Europe’s biggest economy.

Society

2 w. ago Key US Inflation Metric to Ease as Focus Shifts to Jobs Market

The Federal Reserve’s preferred gauge of underlying inflation likely grew at a slower pace last month, offering policymakers some breathing room to address weakness in the US labor market.

Economics

2 w. ago Charting the Global Economy: Fed Resumes Rate Cuts While BOE Holds

The Federal Reserve cut interest rates for the first time this year and penciled in two more for next year, pointing to growing signs of weakness in the labor market.

Culture

2 w. ago ‘It’s Going to Hurt Us’: Trump Puts 15,000 Offshore Wind Jobs at Risk With Halt Orders

Cesar Lima never gave much thought to the politics of offshore wind. Most days, the ironworker focused on his shift 15 miles out at sea, climbing turbines and watching dolphins gliding past his vessel off the coast of Rhode Island.

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2 w. ago Bank of Canada to Cut as Tariffs Hit Jobs Market: Decision Guide

The Bank of Canada is likely to resume cutting interest rates on Wednesday amid mounting evidence US tariffs are damaging the economy and labor market.

Economics

3 w. ago B.C. public service job action escalates with overtime ban at liquor warehouses

The union says the escalation expands the number of public service workers engaged in job action in B.C. to more than 6,000.

Other

3 w. ago RESCON: Lack of affordable homes is only part of the problem

Layoffs in the home building industry have already started, and Ontario has shed nearly 12,000 construction jobs over the last year When individuals and households that make six-figure incomes can’t afford to buy a home in the city where they work, it’s a problem. Sadly, that’s now the case in Greater Toronto and Hamilton Area […]

Culture

3 w. ago Novo Nordisk, maker of obesity drug Wegovy, to cut 9,000 jobs to sharpen focus, meet competition

FRANKFURT, Germany (AP) — Danish pharmaceutical company Novo Nordisk, maker of weight-loss drug Wegovy, said Wednesday it would cut 9,000 jobs, 5,000 of them in Denmark, in order to strengthen the company’s focus on growth opportunities in obesity and diabetes medications. The restructuring, which would eliminate 11% of the company’s workforce, aimed to reduce organizational […]

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3 w. ago New data shows the US job market was much weaker than thought in 2024, and this year as well

WASHINGTON (AP) — The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation’s economy. Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. The department issues the so-called benchmark revisions every […]

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3 w. ago US Stocks Climb Ahead of Jobs Revisions as Rate Cut Bets Rise

US equities eked out small gains at Tuesday’s open ahead of a closely watched revision to labor market and inflation data, which investors believe will set the tone for the pace of Federal Reserve rate cuts.

Economics

3 w. ago Another US Jobs Markdown Sets Stage for Fed Cut, BLS Criticism

US job growth in the year through March was probably far less robust than government figures currently show, underscoring a labor market that shifted into a lower gear well before the hiring slowdown this summer.

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last month Dollar Heads for Fifth Weekly Loss as Jobs Data Seals Fed Cuts

The dollar extended its longest losing streak since April 2023 after a report on the US labor market showed surprising weakness, prompting traders to lock in an interest-rate cut by the Federal Reserve this month.

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last month Carney pauses electric vehicle mandate, announces new ‘buy Canadian’ policy

Carney's announcement comes amid a sluggish Canadian economy that shed 66,000 jobs in August

Transport

last month Hiring stalls in U.S. with companies reluctant to expand in an uncertain economic landscape

WASHINGTON — U.S. employers added just 22,000 jobs last month as the labour market continued to cool due to uncertainty over President Donald Trump’s economic policies. Hiring decelerated from 79,000 in July, the Labor Department said Friday, and came in below the roughly 80,000 economists had expected for August. The unemployment rate ticked up to […]

Economics

last month Unemployment rate climbed to 7.1% in August as economy lost 66,000 jobs

OTTAWA — The Canadian economy lost jobs for the second month in a row as the unemployment rate climbed to its highest level since May 2016, excluding the pandemic period. Statistics Canada said Friday the unemployment rate ticked up to 7.1 per cent in August, its highest level since August 2021, as the economy lost […]

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last month Unemployment rate hit 7.1% as Canada shed 66,000 jobs in August

Statistics Canada says unemployment in Canada climbed for the second straight month in August to 7.1 per cent from 6.9 per cent in July, while shedding 66,000 jobs last month.

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