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Redundancy

Two days ago, the British government told TATA that it would not underwrite loan guarantees without conditions (story). TATA didn't like that - and said the UK Government was putting jobs at risk. Today, TATA owned CORUS, the rump of what was British Steel, says it is mothballing its Teesside plant at a cost of 2,000 jobs.

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William C Thompson, Jr. says that he expects far more job losses than originally forecast.

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Washington manufacturer Danaher announces 1700 job cuts over the next year

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As HSBC's management rolls around the world conducting its staff and efficiency review, an additional 500 jobs have been earmarked to be cut from the UK workforce of more than 58,000.

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As the financial crisis hits the top end of spending Aston Martin, which had previously announced an extension of its Christmas shutdown has now said it will have to cut 600 jobs from its manufacturing plant.

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Global banks are in global crisis and Credit Suisse says that it is to cut 650 jobs, mainly in its flagship investment banking division.

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Barclays' Bank announced 3,000 job losses in October - but it is now thought to be preparing for more.

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MFI, which suffers badly in every UK housing slump, has called in the administrators, putting 1,200 jobs at risk.

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200 jobs are to go at defence contractor BAe. It says the British government is spending less on armoured vehicles.

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