Archive for January, 2009

January 31, February 1 – Weekend Edition – GlaxoSmithKline to slash 1000s of jobs? – Novell cutting 100 – 2000 fewer at Morgan Stanley? – LA Times delivers bad news to 300 – Sears with 300 less jobs – Yes, zoos are firing animals.

Mike: I hope you all have a fine weekend and that the Super Bowl is an entertaining game for us football fans. My prediction is Pittsburgh 31 – Arizona 27
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- The following article details how the financial system can begin the purging of its corruption, greed, tax evasion and malfeasance by instituting enforceable regulation and a return to fair taxation. It is well worth the read if you are interested in how avoid a repeat of this current financial crises;
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Are We Ready to Change the System?

“The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few, booted and spurred, ready to ride them…” Thomas Jefferson

It is time to begin serious, and significant, systemic reforms in the financial system.

- Maintaining the status quo will be fruitless because the system is broken. Trying to keep it from becoming ‘more broken’ is a nice short term fix, but we are beyond that now. This has been a long time in the works.

There has been a recent increase in noise from the Congress about changing a system which promotes excessive pay, and encourages the virtual looting of companies, by overpaid management and a corrupt financial system.

- Rather than strike at the branches, and call a few individuals up before Congress for their ten minutes of tut-tutting, how about some serious change that cuts to the roots of the crisis?

via Jesse’s Café Américain: Are We Ready to Change the System?.

     
                      

 

 

- Microsoft/Google/IBM and other Rumors & News -

 

* An inside source at Novell just informed me that Novell laid off a considerable percentage of its workforce on Friday, suggesting that “basically an across-the-board reduction of 25 percent” had been made. The news came in too late to seek comment from Novell, but I will try to get an update over the weekend.

These Novell layoffs add to the mounting woes of the already enfeebled technology industry, which has seen tens of thousands of employees lose their jobs.

via Novell lays off up to 25 percent of its workforce | The Open Road – CNET News.

 

* The current round of job cuts by IBM Corp. extends to several other divisions, according to the Alliance@IBM, a workers’ group.

According to the group, the cuts include the finance unit, with 307 jobs gone; the human resources group, with 92 jobs; and IBM Research, 193 positions. The numbers are for the U.S., and none of them have large concentrations in Dutchess County’s two sites. However, many people who work for those divisions live in the mid-Hudson but work elsewhere, including in Westchester County.

via Workers: More jobs cut at IBM | PoughkeepsieJournal.com | Poughkeepsie Journal.

 

* The carnage on Wall Street is continuing as Morgan Stanley plans to lay off about 2,000 employees, according to a source with knowledge of the situation.

The cuts will be in addition to the 5,400 layoffs at the New York-based investment bank in its 2008 fiscal year, which ended in November. It has laid off more than 10,000 people since the summer of 2007, affecting a range of employees from highly compensated bankers, traders and asset managers to less-well-rewarded staffers.

via Morgan Stanley to lay off another 2,000 - InvestmentNews .

 

- General Economic News -

 

* WHITMIRE — McArthur Lindsay held his next-to-last paycheck from the Renfro sock factory Thursday afternoon and wondered where the money will come from next month.

Lindsay, 48, was one of 570 people who lost their jobs when the plant closed Friday. Renfro, in the northwest corner of Newberry County, was the county’s second-largest private employer.

“As you can see, $198 won’t carry me far,” Lindsay said. “I’m just hoping I can get another job.”

via Newberry County plant closes; 570 out of work – Local / Metro – The State.

 

* NEW YORK (CNN) – Layoffs for sea lions? Furloughs for frogs? Is there no job security, anywhere?

State budget cuts mean New York’s 76 zoos, botanical gardens and aquariums will lose $9.1 million in funding.

The recession may be coming to a zoo near you. State budget cuts mean many zoos, aquariums and botanical gardens will lose crucial state funding for their exhibits. New York’s 76 zoos, aquariums and botanical gardens will lose $9.1 million in state funds next year.

“We’re faced with this very difficult problem of firing the animals, as it were,” said Steve Sanderson, the CEO of the Wildlife Conservation Society, which manages the Bronx Zoo and the New York Aquarium. They will lose $3 million to budget cuts.

via Budget cuts force Bronx Zoo to ‘fire’ animals - CNN.com.

 

 

Ed Stein - Jan 31

Ed Stein - Jan 31

 

dohMike: The story below caught my eye because the headline was so obviously on target. I had to read it a few times and then Homer Simpson came to mind. I can see their next headline: “Rain in Fresno blamed on clouds!

 

Economy Blamed for Rising Unemployment in Fresno – 

Hundreds turned out and stood in line for hours, hoping to get a job with the Fresno Grizzlies on Saturday at Chukchansi Park.

The jobs are for game day staff when the Grizzlies have a home game, but people say applying for the seasonal position was competitive and the crowd was massive.

People started lining up at 8:30 in the morning and by 10a.m. the line reached around the block.

There were nearly a thousand people hoping to get one of only 150 seasonal jobs with the Grizzlies.

“It definitely says a lot about how bad things are out there and how bad things are right now,” said Jose A. Perez II.

via KMPH Fox 26 Central San Joaquin Valley News Source in Fresno, California Entertainment, News, Sports and Weather | Economy Blamed for Rising Unemployment in Fresno.

 

- Municipal News -

 

What looked bad in December is looking much worse now, as Palo Alto’s projected budget deficit has ballooned from $2.6 million to $5.8 million.

Unfilled positions have been frozen and major projects such as a new police building will likely be delayed as the city tries to close the gap. Without such measures, the shortfall could rise to $8 million in 2010, according to an updated long-range forecast released Thursday.

via Palo Alto freezes hiring, delays projects as deficit grows to $5.8 million – San Jose Mercury News.

 

* Gilbert officials Friday said they want to cut 27 full-time town jobs in the town development services department as a result of the downturn in construction.

via 23 Gilbert employees could lose jobs.

 

* Clovis prides itself on careful planning and a high quality of life. But that manicured look has begun to erode as the declining economy has cut millions of dollars from city budgets.

The anti-gang and traffic-enforcement units have been disbanded. Police take longer to respond to nonemergency calls. Graffiti stays up longer. Recreation programs for children will largely disappear by summer. The Fire Department doesn’t have enough staff and can’t hire more.

via Clovis cutbacks get ugly - Local – fresnobee.com.

 

* Canton officials are putting 20 employees on the streets and making other cuts after being told the city was in danger of not being able to pay its bills by late April.

via Canton lays off 20 employees to save money | ajc.com.

 

* State Parks Director Ken Travous said Friday he laid off all seasonal parks workers – about 60 people in all — and suspended payments to local community groups for the state’s share of local projects.

He also has drawn up a list of eight parks the state can close — five immediately and three more in June — to be considered at a special meeting of the state parks board on Tuesday. The state operates 27 parks.

via Parks, environment are budget casualties.

 

 

* Layoffs have infiltrated one of the area’s biggest employers – Elgin School District U46.

The cuts began in the administration building Thursday and spread through one high school in Elgin and a middle school in Streamwood Friday.

District administrators including Lalo Ponce, Tom Donausky, Deb Dimke and Tina Radomsky were laid off Thursday. Every one of Larkin High School’s administrators, including principal Rich Webb, were laid off Friday, according to Tony Sanders, district spokesman.

via U46 lays off Larkin High administrators :: The Courier News :: News.

 

Mike: If you are one of the unfortunate many who are suffering a foreclosure issue, maybe it’s wise to take the advice of this video and just stay, but not pay!

 

 

- US and some Canada News -

 

hd3* The Home Depot Inc. is closing HD Bath in Kennesaw and laying off all 75 people at the headquarters for its bath remodeling business, according to the Georgia Department of Labor.

via Home Depot closing HD Bath in Kennesaw, layoff 75 workers – Atlanta Business Chronicle: .

 

hd4* The Home Depot Inc. sent a warn letter to the Texas Workforce Commission this week informing them of 68 job cuts at the company’s Home Depot Bath and Remodeling Inc. facility, located at 3010 Skyway Circle in North Irving, Texas.

 

Philip Morris USA laid off 141 hourly employees Friday, the first group of workers to lose their jobs since the company announced plans to close its Concord cigarette plant by the end of 2010.

via Philip Morris begins Concord layoffs – Charlotte Business Journal: .

 

* Bay Area mourns upcoming loss of Scharffen Berger

Hershey, which bought Berkeley-based premium chocolate maker Scharffen Berger in 2005, announced plans this week to close the west Berkeley plant. Most of the chocolate will now be made at a Hershey plant in Robinson, Ill., which has actually been the case for some time, according to Hershey.

- Some 150 people will lose their jobs when the facility and its retail store, also in the building, close later this

via Bay Area mourns upcoming loss of Scharffen Berger – San Jose Mercury News.

 

* TERRE HAUTE — Tough economic times have forced another Wabash Valley business to lay off employees.

TRW laid off 10 employees from its Marshall, Ill., location Thursday. Those laid off were primarily salaried workers and technicians, according to John Wilkerson, a TRW spokesman.

via Terre Haute News, Terre Haute, Indiana- TribStar.com – Marshall’s TRW lays off 10.

 

Lufkin Industries on Friday laid off 53 employees working in its Oilfield Division, according to a company spokesman.

All of the jobs are in the company’s Lufkin location. Further details about the layoffs are not being made public yet because the company is in its “quiet period,” said Paul Perez, Lufkin Industries vice president and general counsel.

via Lufkin Industries lays off 53 Oilfield Division employees.

 

KTUL, Tulsa’s ABC affiliate, has laid off up to seven employees and those who are left took pay cuts, sources reported in a story first published Friday on tulsaworld.com

via Tulsa World: KTUL lays off more employees .

 

latimesThe Los Angeles Times announced plans Friday to lay off 300 people – including 70 newsroom workers — and fold its California section into the main news pages.

The moves are the latest efforts by the West’s largest paper to cope with the steep loss of advertising revenue caused by the recession and the flight of advertisers to online media outlets.

via L.A. Times to lay off 300, consolidate sections – Los Angeles Times.

 

* CLAY COUNTY — Wellborn Cabinet in Ashland reduced its work force Thursday by 203 employees.

These reductions will include 187 personnel from Wellborn’s main manufacturing facilities in Ashland and Lineville and 16 personnel from Wellborn’s Atkins manufacturing plant. The company will continue its operations at all three locations, albeit at a reduced production volume.

via Daily Home – Wellborn Cainet reduces work force by 203 employees.

 

zazzle* Update: Chief Product Officer Jeff Beaver says that the Zazzle representative I spoke to earlier was misinformed, and that 28 out of 110 corporate employees were laid off, representing around 25% of the corporate office. He confirmed that 15% of the staff overall had been laid off.

via Zazzle Lays Off 15%, Corporate Office Hit Hard – washingtonpost.com.

 

Four WNWO-TV, Channel 24, employees including evening co-anchor Shenikwa Stratford, were laid off Wednesday,

via channel 24 toledo – Google News .

 

sears* Sears Holdings Corp. on Friday laid off 300 of its support center employees, most of whom work at company headquarters in Hoffman Estates.

Given tough economic times, a Sears spokesman said, “We have to continue looking at all aspects of our business” for cost cutting.

via Sears lays off 300 support employees :: CHICAGO SUN-TIMES :: Business.

 

* Codman Neurovascular, a neurosciences and stroke management company that’s part of Johnson & Johnson, has notified the state of plans to close its manufacturing operations in Miami Lakes’ Cordis facility and let go the 159 employees who work there.

via Codman Neurovascular to lay off 159 – South Florida Business Journal: .

 

* LIMA – A day after Ford Motor Company announced record losses, the news announced earlier in the week became official -70 workers at the Lima Engine Plant received notice they would be laid off indefinably.

via Grob joins Ford with layoffs Friday | company, friday, layoffs – Local News – LimaOhio.com.

 

* HARRISONBURG – Nielsen Builders Inc. is the latest local company to lay off employees due to the recession.

The company has eliminated 10 field and office positions since Jan. 1, according to Jean Hieber, Nielsen’s human resources director.

via The Daily News Record: Local News.

 

ocean-bankMiami-based Ocean Bank said it laid off 127 employees, or 12 percent of its work force, as part of an effort to reduce costs. The bank also reported a fourth-quarter loss of $86.7 million compared with a loss of $59.3 million a year earlier.

via Ocean Bank to lay off 127 employees – Breaking News – MiamiHerald.com.

 

* Syracuse (WSYR-TV) – North Medical announced 50 workers from its facilities in Fayetteville and Liverpool were laid off. The company says its part of a larger plan to reorganize operations.

via North Medical laying off 50 workers - NewsChannel 9 WSYR .

 

* The cash-strapped Museum of Contemporary Art is trimming its staff by 20% and cutting operating costs in an effort to reduce its annual expenses by approximately $4.4 million, the museum announced Friday.

via Strapped MOCA trims staff by 20% – Los Angeles Times.

 

GroupM North America has laid off 93 people, or about 2.7 percent of its total staff, as the economic pall continues to pummel ad budgets.

The cuts were across-the-board, affecting all four GroupM companies — Mediaedge:cia, MediaCom, Mindshare, and Maxus — as well as corporate staff. The WPP-owned network slashed a wide range of digital and traditional positions across all accounts. Most of those let go were in New York, since GroupM operations are concentrated here. The layoffs took place yesterday and today.

via GroupM Lays off 93 in Digital and Traditional Roles – ClickZ.

 

Rockwood Pigments laid off 22 workers at its Wilson Borough plant this week because of the economic downturn, a corporate official said today.

via Rockwood Pigments lays off 22 at Wilson Borough plant – Lehigh Valley PA Local & Small Business News, Economics & Finance News Articles for Easton, Bethlehem, Nazareth, Allentown and more – lehighvalleylive.com.

 

* OBAMA: Cardinal hired two workers this week. With all the bad news going out there, with all the word of jobs being lost and businesses shuttered, jobs were created right here.

But now the bad economy has caught up to Cardinal Fastener. Eight workers were given pinkslips this week, after sales dropped off. Cardinal President John Grabner says the company is living another common refrain from the president. 

via 90.3 WCPN ideastream® | Cardinal Lays off Workers Two Weeks After Obama Praises the Firm’s Hiring.

 

* MILTON – Blenko Glass Company announced Friday that it is shutting down production.

Twenty of its 50 employees have been laid off as of yet, and the company is discussing with legal counsel about whether it should file for bankruptcy.

via Blenko Glass to shut down – The Herald Dispatch.

 

LECO Corporation is cutting 45 jobs in the Saint Joseph area. The company told The Herald Palladium that it’s eliminating 50 jobs around the country in response to the same economic conditions everyone else is dealing with…and the local cuts will be spread out evenly among various departments. LECO, which makes high-tech analytical instruments, also said that it will be freezing wages for 2009.

via WSJM AM 1400 & FM 94.9 – LECO To Cut Jobs In Saint Joe.

 

spr1* FISHERS, Ind. — Nearly 400 people will lose their jobs by April 1 when a Sprint call center closes.

Workers received letters on Thursday that detailed the closure.

On Monday, Sprint Nextel announced that it planned to eliminate 8,000 jobs over the next few months.

The Fishers workers are employed by Teleperformance USA, a company that is contracted with Sprint.

via Call Center To Close, Idling 400 Workers – Money News Story – WRTV Indianapolis.

 

WHTM-TV, Harrisburg’s ABC affiliate, has laid off 11 employees and asked all staffers to take a 3.9 percent pay cut, according to an employee.

via WHTM cuts jobs, pay, worker says – PennLive.com.

 

* SHELTON — Baldwin Technology Co. Inc. on Friday said it will cut about 80 employees across a range of departments before the end of this fiscal year, a result of a slowdown in demand for printing equipment.

via Baldwin Technology cutting 80 jobs – The Connecticut Post Online.

 

* Responding to a decline in patient volumes, Lakeview Health System this week announced a plan to eliminate the equivalent of 30 full-time positions from its hospital and clinic operations in Stillwater.

The private nonprofit is one of the area’s largest employers, with about 1,000 people filling the equivalent of roughly 800 full-time positions.

via Stillwater Gazette – Lakeview lays off 12, asks staff to cut hours.

 

LSI is cutting 40 positions at its Wichita facility as part of a companywide cost-cutting move, announced this week.

LSI, based in Milpitas, Calif., has seen sales tumble in the past five months, leading executives to announce cuts to its global work force of 5 percent, and freezing wages, 401(k) contributions and pension contributions.

via LSI trims 40 Wichita jobs | Wichita Business – Kansas Business | Kansas.com.

 

Pentair Electronic Packaging is cutting 158 of the 350 jobs at its facility on Danielson Street in Poway Business Park by the end of June, a company representative said. The representative said fewer than 20 employees are being laid off effective Feb. 12, with the remaining 140 cuts possibly coming through a mix of layoffs, buyouts and attrition.

via REGION: Manufacturer plans 158 job cuts : North County Times – Californian 01-30-2009.

 

* COLORADO SPRINGS – NEWSCHANNEL 13 has learned the popular used car dealership; “Bar None” has closed up shop locally and the Colorado franchise has filed for Chapter 11.

Bar None has cut its staff from 100 employees to just 25 as the owner consolidated everything into one central store near Denver.

via KRDO.com Colorado Springs, Pueblo – Weather, News, Sports – ‘Bar None’ Cuts 75 Jobs and Closes Local Store.

 

Fresno Pacific University may be preparing to lay off employees in the next several months because of financial problems caused by dropping enrollment.

“It appears that we will have a reduced staff next fiscal year to help balance our budget,” university spokeswoman Diana Bates Mock said Friday.

via Fresno Pacific faces layoffs in near future – Local – fresnobee.com.

 

wachovia*Roanoke, VA – The slumping housing industry has some area Wachovia employees losing their jobs; 35 employees are affected.

via Layoffs at Wachovia|ABC 13.

 

 

*Girard, director of operations for the Millcreek Township outpatient cancer-treatment center, has laid off seven RCC employees in recent weeks.

The employees include a nurse, a phlebotomist and workers in the center’s pharmacy, laboratory and finance office. Two other RCC employees whose positions were eliminated were transferred to other jobs at the center.

via GoErie.com: 7 layoffs among RCC leader’s calls.

 

* Berry Plastics, in Easthampton, is the latest local business to fall victim to today’s struggling economy.

Friday, employees informed 22News upwards of 100 employees were laid off.

via Easthampton business lays off employees.

 

* Dow Chemical has laid off “less than 100″ of its 1,100 employees at its St. Charles Operations plant in Hahnville as part of the company’s reaction to the global recession, company officials said Friday.

via Ax falls on jobs at St. Charles Dow plant – Breaking News from New Orleans – Times-Picayune – NOLA.com .

 

* Wine mogul Jess Jackson this week unleashed sweeping job cuts across his Santa Rosa-based wine empire in response to the deepening recession and grim forecasts for the fate of high-end wines in the coming year.

Jackson Family Wines declined to discuss the scope of the layoffs, but several people familiar with the reductions estimated that around 170 employees lost their jobs in all areas of the company over the past two weeks, most on Friday.

via Major layoffs hit K-J workers | PressDemocrat.com | The Press Democrat | Santa Rosa, CA.

 

silverton* Silverton, which was founded in the city and is celebrating its 40th anniversary this year, has locations in Maryland, Florida and Millville, and is one of the top employers in Cumberland County. The company declined to comment on the layoffs and its current employment Thursday.

The company had 499 employees as of October 2008, according to the Cumberland County Department of Planning and Development.

via Millville boat builder plans 202 layoffs | APP.com | Asbury Park Press.

 

* WENATCHEE — Responding to a drop in advertising revenues brought on by a worsening economy, The Wenatchee World laid off 12 people this week.

via – Wenatchee World laid off 12 people

 

* Another batch of layoff notices has been issued at the Fort Erie Race Track.

Approximately 50 more employees got the bad news this week.

Those 50 are in addition to the 190 handed out in December.

via Another 50 layoff notices handed out at track – Niagara Falls Review – Ontario, CA .

 

king-pharmaceuticalsKing Pharmaceuticals will lay off 72 people at its Bristol, Tenn., plant this spring due to concerns over the future of its most popular drug, company officials said Friday.

“This is very unfortunate,” King spokesman James Green said Friday, adding that the layoffs will leave the Bristol plant with 430 employees.

via King Pharmaceuticals To Lay Off 72 | TriCities.

 

Fenwick & West LLP cut loose nearly 40 staff Thursday and froze salaries of its associates, another indication that law firms are starting to feel the effects of the sour economy.

via Fenwick cuts 36 staff, freezes associate salaries – Silicon Valley / San Jose Business Journal: .

 

cat2* Employees at Caterpillar Inc.’s engine plant in Mossville who are slated for layoff on Feb. 23 were told Friday to go home and not return.

The company said there isn’t enough work for the 814 affected employees to justify having them come to the factory the next three weeks.

via Mossville workers told to go home – Peoria, IL – pjstar.com.

 

* A cooling oil market is cutting into sales and employment at Graham Corp., and the company has cut about 5 percent of its work force in response to dwindling orders and backlogs.

Prior to the layoffs earlier this month, the maker of heavy equipment for the oil refinery and petrochemical industries employed about 280 full-time workers between its Batavia operations and its Chinese subsidiary, Graham Vacuum and Heat Transfer Technology Co.

via Sales up at Graham, but cuts are coming | democratandchronicle.com | Democrat and Chronicle.

 

DANBURY — Cartus, one of the city’s largest employers, said Thursday it laid off 74 employees.

Cartus released a one-paragraph statement about the layoffs, which took place in the company’s offices throughout the United States. Company officials declined to elaborate further on the move, or state how many of the affected employees work in the company’s headquarters on Apple Ridge Road.

via Danbury company cuts 74 – The Connecticut Post Online.

 

novell* January 31, 2009 (Computerworld) Open-source vendor Novell Inc. on Saturday confirmed reports that it had a layoff on Friday, though it said the layoffs were small and amounted to less than 3% of its workforce.

Novell spokesman Ian Bruce said the company laid off 100 out of 4,200 employees worldwide. He declined to say if the move came in response to slumping sales at the Waltham, Mass. firm.

via Novell lays off 100 workers.

 

 

Dilbert - Jan 30

Dilbert - Jan 30

 

* ROCHESTER, N.H. (AP) Rifle-maker Thompson Center Arms, one of the largest employers in Rochester, N.H., laid off 66 workers this week and furloughed another 37.

Company owner Smith & Wesson said the layoffs were prompted by a drop in sales of the company’s black powder hunting rifles.

via wbztv.com – New Hampshire Wire .

 

* Custom Castings Northeast Inc. of Bigler has laid off 12 full-time employees due to slow demand.

Custom Castings Northeast manufactures custom pre-formed glass fiberreinforced gypsum and glass fiber reinforced cement architectural materials.

via The Progress News: Bigler Company lays off 12 full-time employees.

 

* COLEBROOKDALE — The worldwide recession has claimed more jobs in the tri-county area.

Officials at the Cabot Supermetals plant on County Line Road have confirmed the layoff of 25 percent of the work force at the plant — a total of 32 workers. About 140 to 150 workers remain.

via Cabot confirms layoffs – The Mercury News: Pottstown, PA and The Tri County areas of Montgomery, Berks and Chester Counties (pottsmerc.com).

 

* Fernando Robles isn’t too concerned about economic ideology these days. All he wants is to keep his job.

But the 50-year-old bartender at Old Town State Park’s Casa de Reyes restaurant is one of about 150 employees – most of them union workers – who have been given pink slips as a new company prepares to take over the park’s largest concession.

via Restaurant employees at Old Town face layoffs.

 

gsk1* LONDON: British drug maker GlaxoSmithKline will cut thousands of jobs when it announces full-year results this week, two newspapers reported Sunday.

The Sunday Telegraph said up to 6,000 posts would be eliminated around the world. The Observer said as many as 10,000 jobs could go — 10 percent of the company’s global work force.

via Reports: GlaxoSmithKline to cut thousands of jobs – International Herald Tribune.

 

gsk* Drugs giant GlaxoSmithKline is set to announce thousands of job cuts as it faces increasing competition from generic drug makers, reports suggest.

- More than 6,000 jobs are set to go according to reports in the Observer, The Sunday Times and The Telegraph.

A spokesman for the company could not confirm or deny the reports, saying simply that Glaxo “was in the middle of a restructuring programme”.

via BBC NEWS | Business | Glaxo ‘to cut thousands of jobs’.

 

sypris-technologiesSypris Technologies has notified the state that it plans to shut down its plant in Marion later this year, continuing a recent run of bad news for that area’s job market.

Fewer than 100 jobs remain at the Sypris plant, which once employed far more.

Sypris, based in Louisville, Ky., makes parts for the trucking industry, including axles.

via The Columbus Dispatch : Marion parts factory to close .

 

 

- International News -

 

 

* Retailer Sofa Workshop was sold on Friday but 20 of its 30 shops have been closed with the loss of 120 jobs.

via Sofa Workshop sold but 20 shops close | Reuters .

 

* DUBLIN, Ireland: Bankruptcy officials shut down the debt-crippled Waterford Crystal factory Friday, provoking a furious response from workers who jostled security guards and vowed to occupy their world-famous workplace indefinitely.

Union leaders warned that more than 200 workers would refuse to leave the factory in the city of Waterford, southeast Ireland, until the receivers handling Waterford Wedgwood PLC’s bankruptcy proceedings reversed the closure.

via Waterford Crystal closed amid crippling debts – International Herald Tribune.

 

Media reports have indicated that Toyota Kiroskar Motors is laying off up to 400 contract workers, usually employed at its shop floor at its Bangalore unit in Karnataka, though the company is refusing to disclose the exact numbers.

via Toyota Kirloskar 400 contract workers from Bangalore unit laid off – WheelsUnplugged Automobile Industry News .

 

Electro-Motive Diesel in London will cut about two-thirds of its workforce in the next three months, shedding roughly 600 jobs, the toll even worse than was expected just weeks ago.

An official with CAW Local 27 confirmed this morning there will be three rounds of job cuts in February, March and April, and while perhaps 90 or so employees may chose an incentive package for early retirement, the rest will be laid off.

via London Free Press – News- London’s Electro-Motive Diesel To Cut 600 Jobs.

 

* State oil company Petróleos de Venezuela (Pdvsa) is considering the possibility to cut 3,000 jobs after February 15, said a trade union leader who was advised of a meeting taking place between government officials and oil contractors.

via Daily News – EL UNIVERSAL.

 

 

* AERO engine maker Rolls-Royce is to cut up to 240 shop floor workers at its Derby factory.

Steve Wright, works convenor for the union Unite, confirmed this afternoon that the bulk of the cuts would take place at the firm’s turbines business, which will lose 149 people.

via Rolls-Royce to cut up to 240 jobs in Derby|Derby|Derby news|Rolls-Royce.

 

* DRUGMAKER Glaxo Smith Kline will this week join the growing list of British blue-chip companies to reduce its workforce as the unemployment gloom continues.

It is expected to shed some 6,000 jobs worldwide in response to its slowing development pipeline of products and competition from cheap generic manufacturers.

Only days ago Glaxo’s British rival, Astra Zeneca, announced it would cut 15,000 staff by 2013.

via Glaxo axes thousands as Jaguar chops pay - Times Online .

 

- Hiring News -

 

* While the Lehigh Valley unemployment rate hit a 12-year high of 6.5 percent in November, Sands officials and local dignitaries celebrated the coming of 1,000 jobs they say will be created once the casino opens this year at the old Bethlehem Steel plant.

via Is the Bethlehem Sands hiring? You bet — themorningcall.com.

 

* NORTH KINGSTOWN, R.I.—The economy is tough but there are still companies that are hiring in Rhode Island.

Interstate Diesel Equipment service in North Kingstown is looking for a couple of good mechanics.

Domestic Bank is also hiring for positions. Nearly 200 people showed up at a job fair at its main office in Cranston.

via Two R.I. companies hiring | turnto10.com.

 

Mike: More announcements as the weekend continues……………….

 

Drew Litton - Jan 30

 

Mike: Since this blog can be a depressing read and write at times, it’s nice to have a distraction like the Super Bowl to take my thoughts away from the daily grind of our current economic condition. So allow me to focus on Super Bowl pageantry for a day. 

Being a NY Giants fan, I’m a little disappointed that they folded tent so early this year. I’d like to thank Plaxico Burress for being the dumbest person in the NFL this year. To whet your appetite for Super Bowl Sunday, I’ll post some highlights from last year:

 

 

Mike: And if you want the inside story……………

 

Strength vs. strength to be on display in Tampa

 

And if you like the commercials…………

 

The Top 10 Greatest Super Bowl Commercials of All Time

 

Don’t forget the chicken wings…………..

 

 

 

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January 30 – 23,000 less jobs in NYC? – NEC cuts 20,000 worldwide – Hitachi minus 7000 – CAT dumps another 2100 – Rheem rehires 700! – Manitowoc cuts 2100 – Verizon layoffs in March? – 200 gone at Broadcom

Mike: Good day. The layoff announcements continued overnight as NEC announced plans to layoff 20,000 worldwide

 

Mike: I’m sure most of you are aware of Internet scams promising wealth and riches beyond your wildest dreams, but as the economy continues to falter these scams will likely get more elaborate. I receive about 10 emails a day from various countries telling me I have won thier lottery or that they need me to act as an intermediary between them and a bank, of which I receive a large commission for my help. They are entertaining to read, but many desperate and often foolish people will believe and try anything to get a chance at riches:

 

Cybercriminals have launched a massive new wave of Internet-based schemes to steal personal data and carry out financial scams in an effort to take advantage of the fear and confusion created by tumbling financial markets, security specialists say.

The schemes – often involving online promotions touting fake computer virus protection, get-rich scams and funny or lurid videos – already were rising last fall when financial markets took a dive. With consumers around the world panicking, the number of scams on the Web soared.

The number of malicious programs circulating on the Internet tripled to more than 31,000 a day in mid-September, coinciding with the sudden collapse of the U.S. financial sector, according to Panda Security, an Internet security firm.

via Cyberscams rise as financial markets tumble | PoughkeepsieJournal.com | Poughkeepsie Journal.

 

 

 

Microsoft/Google/IBM/Verizon and other News & Rumors -

 

* Despite a 15 percent increase in revenues in Q4, talk around the water coolers at Verizon has been on company plans to implement job cuts at the end of March. Details of how many jobs will be cut and what divisions will take the hits are unclear, but rank-and-file employees are convinced that downsizing is coming once again.

 

* A week ago, Microsoft announced its first companywide layoff, letting go 1,400 people as part of a plan to cut up to 5,000 jobs in the next 18 months. But the company made clear it would continue hiring, perhaps 2,000 to 3,000 people, in strategically important areas. And judging by its U.S. online jobs site, it intends to. A search of the site for positions in Washington state brought back 72 openings posted since Jan. 22, the day the layoffs were announced.

via Microsoft Pri0 | Microsoft has posted 72 job openings in Washington since layoffs announced | Seattle Times Newspaper Blog.

 

* WICCOPEE – The secrecy IBM Corp. has practiced about its latest job cuts – which continued to hit Dutchess County’s two plants Wednesday and may have totaled up to 900 people – has been brought to an end with a new law.

IBM made its first filing under the new New York state Worker Adjustment, Retraining and Notification law, or WARN, on Wednesday. But it covered only a part of the overall “resource actions” that were launched by IBM beginning Tuesday.

via New law forces IBM to reveal job cuts | PoughkeepsieJournal.com | Poughkeepsie Journal.

 

* When Gerard Baker starts his new job as The Wall Street Journal’s new deputy editor in chief next Wednesday, he’ll have a lot of names to learn. But not quite as many as if he’d started sooner.

According to multiple sources within and close to the Journal, the newsroom is due to undergo another round of personnel cuts late next week. It’s unclear exactly how many employees will be affected, but two sources put the number of people being targeted at 50.

via Cuts Coming Next Week at ‘The Wall Street Journal’ – Seeking Alpha.

 

* Many tech companies are using the global recession as a handy excuse to cut staff, according to Andy Woyzbun of Info-Tech Research Group. Also, SAP says Canadian operation affected by 3,000 worldwide retrenchments

IBM’s Markham, Ontario headquarters and it software laboratory in Toronto are the likely prime targets of world-wide workforce reductions now underway at Big Blue, according to a Canadian technology industry analyst.

via Markham, TO lab likely targets of IBM layoffs says analyst > Servers and Mainframes.

 

* BOSTON (MarketWatch) — Morgan Stanley and Goldman Sachs Group Inc. are reportedly considering more job cuts as the once-mighty investment banks adapt to much leaner times on Wall Street.

 

 

- General Economic News -

 

Obama Lashes Out At Wall St.

 

Mike: Today’s economic reports (Bloomberg.com: Economic Calendar) include the following:  The GDP and NAPM numbers are more closely tied to employment conditions. If GDP is shrinking then there is less output, if NAPM remians below 50, that indicates contraction in manufacturing.

GDP
[Report][Star]
8:30 AM ET
* WASHINGTON (AP) — The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.

ADVERTISEMENT

 

Although the initial result was better than economists expected, the figure is likely to be revised even lower in the months ahead and some believe the economy is contracting in the current quarter at an even faster pace.

via Economy shrinks at 3.8 percent pace at end of 2008: Financial News – Yahoo! Finance.

 

* Highlights

Wage inflation is not a concern. The fourth-quarter employee cost index rose only 0.5 percent vs. three prior quarters of 0.7 percent increases. The year-on-year rate of 2.6 percent is the lowest on record (1982). Increases in both wages and benefits were mild at 0.4 percent and 0.5 percent. Manufacturing jobs showed especially low rates of increase which is no surprise given the severity of contraction in the sector. Attention is not on wage pressures but on jobs and on the depth of the recession.

Bloomberg.com: Economic Calendar.

 

NAPM-Chicago
[Report][Bullet
9:45 AM ET
* Highlights

The Chicago purchasers report offers an early view of economic conditions in January — and the results point to continuing contraction at a severe rate. The headline index fell nearly 2 points to 33.3 with order readings showing continuing and severe month-to-month contraction.  Bloomberg.com: Economic Calendar.

 

* Highlights

Economic readings are beginning to flatten, that is are pointing at severe but non-accelerating rates of contraction. The Reuters/University of Michigan consumer sentiment index was little changed in January at severely depressed levels, at 61.2 vs. a mid-month reading of 61.9 and a December reading of 60.1. Bloomberg.com: Economic Calendar.

 

* WASHINGTON (AP) — They call it “stimulus” legislation, but the economic measures racing through Congress would devote tens of billions of dollars to causes that have little to do with jolting the country out of recession.

There’s $345 million for Agriculture Department computers, $650 million for TV converter boxes, $15 billion for college scholarships — worthy, perhaps, but not likely to put many Americans back to work quickly.

Yes, there are many billions of dollars in “ready-to-go” job-creating projects in President Barack Obama’s economic stimulus bill. But there are also plenty of items that are just unfinished business for Congress’ old bulls.

via The Associated Press: Analysis: Stimulus bill that’s not all stimulating.

 

rob-rogers-jan-301Rob Rogers  – Jan 30

 

- Municipal News -

 

nyc* NEW YORK (REUTERS) — New York City dwellers will have to cope with billions of dollars more in spending cuts and thousands of city workers could lose their jobs, under a plan the mayor is due to unveil Friday, according to a source familiar with the proposal.

More than 23,000 city workers might lose their jobs through layoffs or attrition unless Mayor Michael Bloomberg convinces the state and U.S. governments and the city’s approximately 300,000 workers to let him curb benefits, from Medicaid to pensions, said the source, who requested anonymity.

via NYC: 23,000 city jobs in danger of being cut – Jan. 29, 2009 .

 

* VIERA — Job layoffs “are going to be a real possibility” across Brevard County’s work force of about 2,900 employees, interim County Manager Stockton Whitten warned today.

Like local governments across Florida, the Brevard County Commission faces a fiscal dilemma: millions of dollars in decreasing revenues, coupled with increasing expenses.

via Brevard County government warns of layoffs | floridatoday.com | FLORIDA TODAY.

 

* VISTA — The city of Vista issued layoff notices to 14 workers on Wednesday, including fire and building inspectors, as it struggles to close a projected budget shortfall of more than $6 million over the next two years.

via City cuts 14 jobs in budget trimming.

 

* The board voted to reduce the certified staff, like bus drivers and cafeteria workers, by approximately 160 to 180 support personnel. Approximately 140 to 150 teachers from the staff will also be cut.

via Baldwin County Schools Cut 300 Jobs – Financial Crisis Job Cuts Baldwin County Schools Baldwin County School Cuts – WKRG.com.

 

* SACRAMENTO, CA – The city of Sacramento could shed as many as 500 jobs and slash city programs and services to help fill a projected $50 million budget gap in the next fiscal year, city officials said Thursday.

via Sacramento May Cut 500 City Jobs | News10.net | Sacramento, California | News .

 

* A dozen people will finish their last day as Butler County Job and Family Services employees today, the latest layoffs as state and federal social-service cuts dig into local budgets.

via Last day for 12 Butler Co. workers | Cincinnati Enquirer | Cincinnati.Com.

 

* Plummeting revenues due to the construction slowdown will lead to layoff notices for eight Yuba County employees and the deletion of 12 vacant positions.

 

 

- US and some Canada News -


 

manitowoc* Diversified U.S. industrial manufacturer Manitowoc Co Inc (MTW.N) said it was cutting about 2,100 jobs, or 22 percent of the workforce at its crane segment, due to a shrinking backlog, a day after the company posted a fourth-quarter loss.

genvecGenVec Inc. is the latest in a string of biotech companies to cut staff in order to slim down expenses during this harrowing economy.

The Gaithersburg company said it’s laid off 22 people, nearly 18 percent of its staff, to make its cash last for up to 18 to 24 months. The move, effective immediately, will lower GenVec’s head count to 101 people. The company will pay $260,000 in severance costs this quarter before it starts seeing savings in its operating budget.

via GenVec lays off 22 people – Washington Business Journal: .


More than a dozen employees at Bentler have told Newschannel 3 that 60 to 65 employees are to be laid off on Thursday and Friday.

via Employees say more layoffs coming | people, home, coming – Top Stories – WWMT NEWSCHANNEL 3.


Electro Scientific Inc. said this afternoon that it will reduce its work force by 12 percent during the current quarter in the face of a huge decline in sales…………

ESI employed about 700 people before its latest layoffs, roughly half of them at its headquarters just west of Portland. It wasn’t immediately clear how many of the latest cuts will be in Oregon.

via Facing sales decline, ESI plans layoffs – OregonLive.com.

 

* MILLVILLE — Silverton Marine Corp. advised the state it will layoff 202 employees between Friday and the end of March.


* FORT MYERS: Sources inside the Chico’s confirmed the news of almost 200 job cuts Thursday afternoon.

A company public relations spokesperson based in New York said she could not comment, but said they would release information “sometime soon.”

The layoffs are company-wide and span all levels of employment.

via NBC2 News – Chico’s cuts about 200 jobs.


* Carris Reels in Rutland is scaling back its work force.

Carris Reels makes industrial spools and packaging for the wire and cable industries. Channel 3 News has learned it laid off 27 employees.

via WCAX.COM Local Vermont News, Weather and Sports-Layoffs at Carris Reels.


* The Financial Planning Association will announce on Monday details of layoffs among the organization’s 79-member staff, according to Marvin Tuttle Jr., the executive director.

via FPA to announce staff layoffs – InvestmentNews .


eddie-bauer* Struggling retailer Eddie Bauer said today it has eliminated 193 jobs, including 71 at its downtown Bellevue headquarters.

via Retail Report | Eddie Bauer cutting jobs in Bellevue | Seattle Times Newspaper.


 

* CLAREMORE – Only a month after Burgess Norton Manufacturing confirmed layoffs at the Claremore plant, company officials announced Tuesday that the plant would cease operations entirely in the coming months.

via Tulsa World: Claremore manufacturing plant to close .


seirra-wirelessSierra Wireless Inc. said Thursday it plans to cut 56 jobs, or 10 percent of its staff, as the maker of modems and software looks to cut costs amid uncertain demand for its products.

via Sierra Wireless to cut 56 jobs, 10 pct of staff – Forbes.com.


* A major employer in the Upper Valley has laid off about 50 employees.

The Thermadyne Corporation in Lebanon, N.H., manufactures Thermal Dynamics plasma cutting equipment. It says in January it let go of 50 salaried and hourly employees. Company officials say the cuts are a direct result of the decreasing worldwide steel market.

via WCAX.COM Local Vermont News, Weather and Sports-Thermadyne Cuts Jobs.


chartered-semi* Chartered Semiconductor (CHRT), a contract chip maker, said it is reducing its workforce by another 600 people, or about 8% of its staff, in response to the rapid erosion of semiconductor demand. That brings the company’s total workforce reduction since Q3 2008 to 1,300 people, or about 18% of its staff.

via Tech Trader Daily – Barron’s Online : Chartered Semi To Cut Another 600 Jobs; Slashes Cap Ex.


Rexnord LLC said Thursday that it cut 100 jobs in the Milwaukee area this week, 75 of them at its Falk subsidiary in Milwaukee’s Menomonee Valley.

Milwaukee-based Rexnord had about 1,300 employees in the Milwaukee area prior to the cuts, including about 700 at Falk, which manufactures industrial-size gears.

via Rexnord cuts 100 local jobs – The Business Journal of Milwaukee: .


wesco* Electrical construction products distributor Wesco International Inc (WCC.N) posted better-than-expected quarterly earnings and said it would reduce its workforce by another 5 percent in the first quarter, sending its shares up as much as 7 percent.

via UPDATE 2-Wesco posts lower Q4 profit, to cut more jobs | Industries | Autos & Transport | Reuters .


* A company that’s been in business since before the 1900s began will close its plant in Roanoke.

Becky Reynolds, the Human Resources Director with Fred Whitaker tells WSLS that the company will close its plant on March 31st.  All 136 people who work at the company will lose their jobs.

via Fred Whitaker closing Roanoke plant after 100+ years in business | WSLS 10.


* Allied Waste Seattle, one of the Puget Sound’s largest trash collection and recycling companies, has informed the state it plans to lay off 203 people.


Dalton-based Shaw Industries will close a yarn plant in Milledgeville next month resulting in 150 job cuts.

via The Daily Citizen, Dalton, GA – BREAKING NEWS: Shaw closing Milledgeville plant.

 

* A Boston-based international law firm is laying off 10 percent of its staff because of the economic situation.

In an internal memo, Ropes & Gray’s chairman, R. Bradford Malt, announces the 106 staff layoffs, reports Above the Law. No attorney layoffs were made, and no further layoffs of either lawyers or staff are expected, he says.

via Ropes & Gray Lays Off 106 Staff | ABA Journal – Law News Now.

 

*A TRW Automotive spokesman said about 60 employees at the company’s Winona facility will be without jobs by mid-May, as part of a larger reduction announced last year. Officials at RiverSide Electronics in Lewiston, Minn., also announced a “workforce reduction” Thursday.

RiverSide officials did not immediately say how many people would lose their jobs, but an employee said the company laid off 18 workers.

via Area companies announce more lay offs : La Crosse Tribune.

 

Santee Print Works, located at 19 Progress Street, announced dozens of layoffs to their employees on Thursday.

“These layoffs are in response to the current economic situation and a decline in our business,” said Hope Broadway, human resources manager. “We had to lay off a significant number of employees in order to get through existing economic conditions and we are hoping for a quick economic turnaround, so that our business gets better.”

via The Item – South Carolina.

 

* The world financial crisis is cutting deeper into the workforce at Atlas Copco.

General manager Jeff Hagar said 13 employees were laid off Thursday.

via Atlas Copco cuts another 13 jobs – The North Bay Nugget – Ontario, CA .

 

dana* Dana Corp. will close its McKenzie plant within six months, leaving 108 people unemployed.

The plant, which makes engine gaskets and air ducts for the automotive, heavy truck and agriculture industries, has been in Carroll County for nearly 22 years and is expected to close by the end of July, company spokesman Chuck Hartlage said.

via Dana will lay off 50 in Humboldt | jacksonsun.com | .

 

* NEW YORK, Jan 29 (Reuters) – Charles Schwab Corp (SCHW.O), the No. 1 U.S. online broker, warned on Thursday that revenues could drop as much as 20 percent this year and said it will cut between 500 and 600 jobs in the current quarter as it copes with low interest rates and a falling stock market.

via UPDATE 3-Schwab to chop up to 600 jobs, sees revenue drop | Global Industries | Reuters .

 

* Teradyne Inc. of North Reading is cutting 532 of its 3,800 employees worldwide, and imposing a 10 percent pay cut on the rest. Teradyne employs 1,055 people in Massachusetts, but the company did not say how many local workers will be cut.

via Teradyne will shed 532 jobs and cut workers’ pay – The Boston Globe.

 

* Oshkosh Corp. laid off almost 1,000 employees, cut costs by another $50 million and will need amendments to its loan terms after executives reported a $20.6 million first quarter loss.

via Oshkosh Corp. lays off 25 in Oshkosh and Appleton after posting first quarter losses | thenorthwestern.com | Oshkosh Northwestern.

 

* 3M said last month it would cut at least 2,300 jobs, or about 3% of its work force. It announced 1,800 cuts in one week, saying it was urging some workers to take time off without pay or to take December vacation time. The next week it said it would cut an additional 500 jobs, and possibly more by the end of 2008. The company had already announced 1,000 layoffs in the third quarter.

via 3M 4Q Net Falls 37% On Charge, Lower Margins; ’09 View Cut.

 

* Broadcom Corp. had a net loss of  $159 million for the quarter ending Dec. 31, the Irvine chipmaking company said today, adding it will freeze salaries and reduce its workforce by 3% in expectation of falling sales for the first quarter of 2009.

Chief Executive Scott McGregor said about 200 jobs — 3% of employees — will be eliminated at locations around the world.

via Broadcom to cut 200 workers on $159 million quarterly loss – OC Business News – OCRegister.com.


The Charlotte Chamber has eliminated three positions as part of a broader effort to cut costs.

via Charlotte Chamber cuts jobs, expenses – Charlotte Business Journal: .

 

Cessna Aircraft Co. announced more layoffs Thursday, including an additional 120 at its production facility at Bend Municipal Airport.

via Cessna cuts 120 more jobs in Bend | Bend Oregon Local News | Local & State News  | The Bulletin .

 

* Two St. Cloud companies announced more layoffs Thursday as businesses adjust to the recession.

- Electrolux will lay off up to 327 employees, according to an announcement Thursday.

via Electrolux to lay off more | sctimes.com | St. Cloud Times.

 

kyocera* Kyocera will cut 250 jobs from its San Diego mobile phone division as part of a restructuring linked to its acquisition of Sanyo’s cell phone division last year.

via Kyocera to lay off 250 in S.D. cell division.

 

* Albemarle Corp., which reported a 14 percent slide in sales and a 77 percent drop in quarterly profits this week, plans to cut its Baton Rouge work force by 50 people, chiefly through severance packages to employees who were eligible for retirement or willing to accept buyout offers, the company said.

via 2theadvocate.com | News | 50 face layoffs at BR offices — Baton Rouge, LA.

 

Five hourly workers at Knauf Insulation in Lanett will lose their jobs, starting today.

By March, nearly 30 employees – approximately 23 hourly workers and eight salaried personnel – will be unemployed as the Lanett plant downsizes production.

via More layoffs for Lanett, Chambers County as Knauf Insulation downsizes production | Opelika-Auburn News.

 

* Blue Bird Corporation confirmed it laid off some workers at its Fort Valley plant on Thursday.

Spokesman Mike McCurdy said those laid off include administrators and contract employees, but he would not say how many.

via Blue Bird Confirms Layoffs | 13wmaz.com | 13WMAZ.

 

Clearfield Hospital announced that it is reducing its workforce by 33 employees as a result of the difficult economic environment.

 

* The slumping economy has taken a toll on “more” area workers.

WBKO has confirmed 192 employees of Sumitomo Electric Wiring Systems Incorporated in south central Kentucky will be laid off by the end of next week.

via Sumitomo Announces Lay-Offs .

 

* BALTIMORE (AP) — Less than three years after its launch as the city’s second daily newspaper, The Baltimore Examiner is shutting down, a victim of slower-than-expected ad sales.

Employees of the free tabloid were informed of the closure Thursday morning. The Examiner will publish its last issue on Sunday, Feb. 15. About 90 people will lose their jobs, said Jim Monaghan, a spokesman for Clarity Media Group, the paper’s Denver-based parent company.

via The Associated Press: Baltimore Examiner closing after Feb. 15 editions.

 

* DANBURY – Cartus, one of the city’s largest employers, announced Thursday it laid off 74 people.

The company released a one-paragraph statement about the layoffs, which took place in its offices throughout the U.S.

via Danbury-based Cartus lays off 74 employees – NewsTimes.com.

 

* A Listowel parts-plant has been affected by the cut in production at the Honda Canada operation in Alliston.

- Listowel Technology Limited announced this morning that 35 associates were being laid off permanently.

via News – CKNX Radio AM920.

 

Hickory – About 230 employees at CommScope plants in Catawba and Iredell counties will lose their jobs by mid-year.

via CommScope cuts 230 jobs.

 

* Baldwinsville, New York (WSYR-TV) – Several employees at the Budweiser plant in Baldwinsville tell NewsChannel 9 at least 15 employees have been laid off there. 

 

* Many auto suppliers are following GM’s lead and scaling down production. The Dextech plant in Dexter is the latest to announce layoffs. It will let 25 employees go on February sixth.

via WLNS TV 6 Lansing Jackson Michigan News and Weather – WLNS.COM | Dextech Cutting Jobs.


* Law firm Fish & Richardson P.C. has laid off 30 support staff across its eight U.S. offices, the firm confirmed Thursday.

via Fish & Richardson cutting 30 staffers - Boston Business Journal: .

 

* Supervalu announced a staff reduction of approximately 90 positions at its corporate headquarters locations, including approximately 25 positions in Boise.

via Supervalu to cut about 25 Boise jobs | News Updates | Idaho Statesman .

 

cat1* PEORIA, Ill. (AP) — Caterpillar Inc. on Friday announced 2,110 new job cuts as the heavy equipment maker scales back production to match falling demand.

The cuts at three Illinois plants — in Aurora, Decatur and East Peoria — come after the company announced other work force and cost-cutting actions earlier this week.

via Caterpillar to cut another 2,110 production jobs – Yahoo! Finance.

 

fl-smidthFL Smidth Inc. cut 115 people from its Bethlehem location Thursday, after announcing last week the company would cut its global workforce by six percent.

via Engineering company FL Smidth cuts 115 people from Bethlehem location – News, Weather, Sports & Entertainment for Bethlehem, Saucon Valley, Lehigh County & more – lehighvalleylive.com.


* CUBA CITY, Wis. — A company that manufactures fiberglass components for wind turbines laid off 61 full-time employees this week, shutting down operations. The office does remain open, manned by a skeleton staff.

David Lisle, president and CEO of Wausaukee Composites, personally announced the job cuts to company employees. The layoffs were effective Tuesday, and Lisle emphasized the company plans to reopen the plant.

via TH – Top News Article.

 


Ashland’s Wellborn Cabinet Inc. announced today it is laying off 203 workers, the company’s third workforce reduction in the last year.

via Wellborn lays off 203 workers | AnnistonStar.com.


commscopeCable maker CommScope laid off 230 people at its Catawba and Statesville plants this week, citing reduced demand for its products.

The Catawba plant, in operation since the mid-1960s, took the bulk of the layoffs — 210. Before the cuts, that plant had 830 employees, Statesville 150.

via CommScope lays off 230 | CharlotteObserver.com.


T3 and Springbox, two Austin-based creative agencies, have made job cuts amid a tougher business climate.

T3, one of the largest independent agencies in the country, said it had small staff cuts this week as a result of clients scaling back their advertising efforts this year. According to industry blogs, the agency is believed to have cut more than 20 employees, but a spokesperson for T3 would not confirm that number. The Austin and San Francisco offices were affected by the layoffs, according to sources.

via T3 and Springbox cut jobs – Austin Business Journal: .


dow* MIDLAND, Mich. (AP) — Dow Chemical Co. said Friday it would cut between 400 to 500 jobs near its Midland, Mich., headquarters as part of a previously announced global layoff plan.

via Dow Chemical to cut 400-500 Mich. jobs – Yahoo! Finance.


delta-dental* RANCHO CORDOVA, CA - Seventy employees at the Delta Dental office in Rancho Cordova learned Friday morning they will be laid off.

via Delta Dental Announces Local Layoffs | News10.net | Sacramento, California | Money .


* Fenwick & West LLP cut loose nearly 40 staff Thursday and froze salaries of its associates, another indication that law firms are starting to feel the effects of the sour economy.

via Fenwick cuts 36 staff, freezes associate salaries – Silicon Valley / San Jose Business Journal: .


* LOS ANGELES (AP) — Newspaper publisher A.H. Belo Corp. says it will lay off 500 workers, or about 14 percent of its work force, to cope with declining revenue.

via The Associated Press: A.H. Belo to lay off 500 workers, 14 percent cut.

 

* CAPITAL REGION — A new state law that spurred the dissolution of several self-insured group trusts has prompted their third-party administrator of workers’ compensation coverage in Latham to layoff 57 jobs in New York and Vermont.

via First Cardinal to cut 45 jobs in Latham.


* A. H. Belo Corporation, which owns The Dallas Morning News and three other daily newspapers, announced Friday it would cut approximately 500 jobs, or more than 14 percent of its workforce, in response to continued revenue declines.

via Dallas Morning News parent A.H. Belo to cut about 500 jobs | News for Dallas, Texas | Dallas Morning News | Dallas Business News .


The Pep Boys — Manny, Moe & Jack said Friday that it will cut 50 jobs and make other moves as it strives to reduce costs by $20 million this year.

via Pep Boys cutting 50 jobs, could cut 401(k) matches – Philadelphia Business Journal: .


* Chemicals maker Ferro Corp. on Friday said it will lower its quarterly dividend and expects to report a fourth-quarter loss and reduced 2009 outlook, driven by a sharp decline in customer demand across multiple segments.

via Ferro lowers 4Q estimates, dividend, ’09 outlook - Forbes.com.


* PORTLAND, Maine (AP) Standard Insurance Co. says it is closing its South Portland office and laying off most of its 134 employees.

The company announced Friday that risk management and customer service operations performed in South Portland are being moved to corporate headquarters in Portland, Ore.

via wbztv.com – Maine Wire .


* Shaw Industries has announced plans to shut down its carpet manufacturing operations in Milledgeville. The company said in a statement Tuesday that 150 employees will lose their jobs. Shaw said plant operations will cease in mid-February. Al Scruggs, a company spokesman, blames the closing on a severe downturn in economic conditions, especially the housing industry.

via LOCAL BRIEFS | ajc.com.


* ROANOKE — An industrial textile dye company has announced it will lay off its 136 employees and close at the end of March.

Fred Whitaker Co. officials made the announcement Wednesday.

via FRED WHITAKER CO.: 136 to lose jobs as Va. company closes | delmarvanow.com | The Daily Times.


* Electro Scientific Industries Inc., which makes laser equipment used in electronics manufacturing, announced lower third-quarter revenue than anticipated and said it would lay off another 12 percent of its employees in the current quarter.

via ESI reports loss, plans layoffs – Portland Business Journal: .

 

* Another round of layoff notices have hit employees at Fort Erie Race Track.

The notices were mailed out Tuesday, with 48 of them going to staff in the mutual tellers’ department and four to the security department.

via NiagaraThisWeek.com: News: Communities: Fort Erie: Story: More layoffs at Fort Erie Race Track.

 

* CRANSTON – Today was a sad day for WJAR-TV NBC Channel 10, because 10 “highly valued” employees were laid off due to economic conditions, according to Lisa G. Churchville, the station’s president and general manager. More local layoffs are expected in March.

via After parent’s losses, WJAR lays off 10 – PBN.com – Providence Business News.

 

* COLEBROOKDALE — Officials at the Cabot Supermetals plant on County Line Road today announced that the firm is closing the metal powder facility at the plant. Officials confirmed the layoff of 25 percent of the local Cabot work force  — a total of 32 workers.

via Cabot to close part of Boyertown plant - The Mercury News: Pottstown, PA and The Tri County areas of Montgomery, Berks and Chester Counties (pottsmerc.com).


* An Ohio power company says it might close a Belmont County plant instead of installing pollution controls costing $330 million.

Closing the R.E. Burger plant would eliminate as many as 105 jobs.

via The Columbus Dispatch : Instead of cleaning up, coal plant might close .

 

* PASADENA – Caltech announced Friday it will lay off 100 employees due to economic concerns stemming from its endowment and alumni contributions.

The university will also freeze hiring for some unfilled positions, although it will continue to hire faculty, albeit at a reduced rate, school officials said.

via Caltech to lay off 100 – Pasadena Star-News.


THQ has laid off 100 employees as a result of a decision to focus its wireless division on making games for smart phones.

via THQ lays off 100, focuses wireless games on smart phones only » VentureBeat.


* TULSA, Okla. (AP) - Nordam Group Inc., an aerospace manufacture and repair company, has laid off 87 more workers.

Company executives cited the downturn in the business jet market while announcing the latest layoffs on Friday. In the last three months, Nordam has laid off 211 people, or 11.5% of its work force in Tulsa.

via 87 more laid off from Nordam Group in Tulsa.



 

 - International News -




nec* TOKYO (AP) — Japanese electronics giant NEC Corp. said it will cut 20,000 workers worldwide as it tries to stanch widening losses from semiconductors and other businesses that have been hard hit by competition and the global economic slump.

The company hopes the job cuts, which will be split equally between Japan and overseas, will help save 80 billion yen over the next two years.

via NEC’s loss widens, plans to cut 20,000 workers: Financial News – Yahoo! Finance.

 

hitachi* TOKYO (AFP)–Japan’s Hitachi Ltd. (HIT) said Friday it would cut up to 7,000 jobs in its struggling auto equipment and electronics divisions as it forecast a net loss for the current financial year.


* Barge operator Kirby Corp (KEX.N) said on Thursday it will cut jobs and reduce its fleet size as it seeks to reduce costs to counter slackening demand, a day after it posted weak fourth-quarter results.

via UPDATE 1-Kirby to cut jobs, fleet size | Industries | Industrials, Materials & Utilities | Reuters .


* LONDON (Reuters) – E.ON plans to cut 450 jobs in the UK and close a call centre in Scotland, the German energy group said on Thursday.

via E.ON to cut 450 jobs in UK and close call centre | UK | Reuters .

 

* TOKYO (AP) — The pain of Japan’s recession is spreading from the factory floor to the living room, as December figures showed companies slashed output at a record pace, the jobless rate surged and household spending fell sharply.

Industrial production at the nation’s manufacturers plunged 9.6 percent in November, the largest drop since Tokyo began measuring such data in 1953, the government said Friday. A survey predicted further declines of 9.1 percent in January and 4.7 percent in February.

via The Associated Press: Japan factory output plunges, jobless rate jumps.

 

* JOHANNESBURG -(Dow Jones)- The South African unit of Volkswagen AG (VOW.XE) Friday said it is cutting 400 jobs and scaling back production due to a fall in demand.

via Volkswagen To Cut 400 Jobs, Suspend Output In South Africa – EasyBourse actualité.

 

* French-Belgian bank Dexia on Friday said it lost around 2.3 billion euros ($3 billion) in the fourth-quarter and plans to cut 900 jobs in 2009 as part of a major reorganization.

via Dexia faces $3 billion loss, plans 900 job cuts – MarketWatch .

 

* Hundreds of fresh job losses, many of which are in Coventry, have been announced by power firm E.ON.

Unison said 450 jobs will go from the company’s retail, energy and business services departments and will be spread across the UK

via Birmingham Post – Business – Business News – Other UK business news – Jobs blow for Coventry as E.ON axes 450 across UK.

 

* The Grupo Nación, publishers of the daily La Nación, Al Día, La Teja and Vuelta en U, yesterday announced an austerity plan that will see the layoff of some 100 people in various departments, including magazines like SOSHO, Perfil and radio programs like Los 40 Principales and Bésame.

via Costa Rica’s Daily News.

 

* OZ Minerals has slashed an extra 441 jobs at its Australian operations as it battles slumping metal prices and frozen credit markets to stay afloat.

via Oz Minerals cuts another 441 jobs | The Australian.

 

* Olswang today added to a gloomy month for Britain’s top law firms by announcing that it will cut up to eight per cent of its UK head count.

via Olswang to cut 8% of UK staff - Times Online .

 

* Jan 30 (Reuters) – British telecommunications service provider KCom Group Plc (KCOM.L) plans to cut 150 more jobs at its Integration & Managed Services business amid falling revenue, but said its nine-month profit rose from last year as overall trading improved.


- Hiring News -

 

* BREMERTON, Wash. – A long line of people queued up in the fog before dawn Friday for a chance at one of 700 job openings at Puget Sound Naval Shipyard.

All were hoping for better times ahead, as the economic meltdown grips the nation and forces many local companies to lay off employees.

via Naval shipyard job fair draws a crowd | KOMO News – Seattle, Washington | Local & Regional .

 

Dilbert - Jan 29

Dilbert - Jan 29

 

 

A Milledgeville plant that laid off more than 700 people last year says they’re all coming back to work.

The laid-off workers are scheduled to return to the Rheem Manufacturing plant on Feb. 16, according to a statement from human resources manager John Anthony.

via Rheem Rehiring 700 | 13wmaz.com | 13WMAZ.

 

* A Wells Fargo & Co. spokesman has confirmed the company has hired a third party in the Birmingham area to help hire temporary workers and sources familiar with the situation say the jobs could add up to 1,000.

 

Mike: Today’s job loss was not as bad as the rest of the week was. At some point the job loss news has to improve and let’s hopeit’s soon. Also, if you know of any job loss announcements or rumors of pending layoffs  that I may have missed, post them in the comments section or send me an email at LayoffList@gmail.com. Your privacy will be respected.

 

With Super Bowl weekend upon us, let’s end the week with a little entertainment:

 

 

 Jerry Holbert - Jan 30

Jerry Holbert - Jan 30

 

 

more about “The Word – The Audacity of Nope | Jan…“, posted with vodpod

 

 

The Clash – Rock The Casbah


top

 

 

 

 

January 29 – 588,000 file new unemployment claims – Actual unemployment 18%? – Kodak pictures 4500 less jobs – AstraZeneca to dissolve 7400 jobs – 2000 more jobs gone at Cessna – Black and Decker cuts 1200 – Ford Credit less 1200 jobs – Bon-Ton strips 1150 of jobs – Hershey kisses 150 goodbye – Toshiba deletes 4500 temps – IBM continues cutting jobs – 3M plans more layoffs

Mike: A couple readers have asked if I can add layoff rumors or announcements that miss the general news media reports. I’d be glad to offer that option, but I’ll need your input to make that happen. If you know of any layoff news or rumors that you  would like posted, feel free to either place them in the comments section or email me at LayoffList@gmail.com and I’ll be sure that all reasonable requests are posted. Your privacy will be respected and I won’t share any email address information. Thanks.

 

Mike: Good day to all. The morning is starting out a little gloomy with the up to 4500 layoff announcement at Eastman Kodak. That once proud company is now a shell of its former glory and could fade from the landscape entirely at a not to distant point

 

Mike: There are more people paying attention to actual unemployment numbers, which are considered much higher than those reported by the government. I have argued for the past few months (see, The Real Unemployment Numbers, The Real Layoff Numbers – Weekend Update) that the government needs to report numbers that reflect reality, instead of numbers that reflect delusion. The following report is another that agrees with the notion that actual unemployment is reaching levels up to 18%:

 

* True Unemployment Rate May Be Twice The Government Numbers

The official unemployment rate may also be dramatically inaccurate based on the Bureau of Labor Statistics method of calculation. Consider the chart below from Shadowstats.com.

If the government was still calculating the unemployment rate using the same criteria and methods that had last been used during the Clinton administration, the “official” unemployment rate today would be closer to 18%.

via True Unemployment Rate Is Not Reflected in Government Numbers – Seeking Alpha.

 

 

Microsoft/Google/IBM News & Rumors -

 

ibm6* IBM has had two rounds of layoffs within the past two weeks, a company spokesman said.

“We did this last week on the 21st and today,” said IBM spokesman Doug Shelton, referring to the layoffs.

Shelton would not comment on how many IBM employees were laid off, what departments they worked in and where they were located.

via IBM: 2 rounds of layoffs in 6 days – Atlanta Business Chronicle: .

 

ibm7Sources close to eWeek report that layoffs will continue at IBM. The technology firm has cut 2,800 employees from its roster already, and that number is expected to climb. The cuts have come from both IBM’s software and sales divisions.

via DailyTech – Layoffs to Continue at IBM .

 

ibm8* ROCHESTER, MN (KTTC-TV) — KTTC has confirmed that significant numbers of layoffs have happened at the Rochester IBM plant.  The “resource actions” had been scheduled by the computer firm for days, and had been the source of anxiety for many workers whose personnel reviews had been set for this week.

An inside source tells the NewsCenter the number is as many as 800.  Most of the cuts happened in the Systems and Technology Group.  The Rochester Chamber of Commerce says about 4,400 people work inside the sprawling IBM complex along U.S. 52 in northwest Rochester.

via KTTC Rochester, Austin, Mason City News, Weather and Sports -Massive layoffs at Rochester IBM plant.

 

- General Economic News -

 

Today’s big job news comes at 8:30 when the initial claims number is released: Bloomberg.com: Economic Calendar.

 

* Update: In another sign of the deepening recession, the Commerce Department said Thursday that new orders for durable goods dropped by 2.6 percent last month, even worse than the 2 percent decline economists expected. Orders fell 5.7 percent for the year, the second biggest drop on government records, exceeded only by a 10.7 percent plunge in 2001.
Jobless Claims
[Report][djStar]
8:30 AM ET
* Update: The tally of Americans filing new jobless benefit claims rose slightly to a seasonally adjusted 588,000 last week, from a downwardly revised figure of 585,000 the previous week. That also was worse than analysts’ forecast of 575,000 new claims.

The number of initial claims is close to the 26-year high of 589,000 reached in late December, though the work force has grown by about half since then.

The four-week average of initial claims, which smooths out fluctuations, rose to 542,500, from 518,250, according to the government report.

via Americans receiving jobless benefits hits record – Yahoo! Finance.

 

* WASHINGTON (AP) — The number of people receiving unemployment benefits has reached an all-time record, the government said Thursday, and more layoffs are spreading throughout the economy.

The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records dating back to 1967. That’s an increase of 159,000 from the previous week and worse than economists’ expectations of 4.65 million.

via Americans receiving jobless benefits hits record – Yahoo! Finance.

 

 

New Home Sales
[Report][djStar]
10:00 AM ET
* Update: Jan. 29 (Bloomberg) — Sales of new homes in the U.S. fell in December to the lowest level on record after banks tightened lending and job losses mounted.

Purchases dropped a more-than-forecast 15 percent to an annual pace of 331,000, the lowest level since at least 1963, according to a report from the Commerce Department today in Washington. Other reports showed orders for durable goods slumped for a fifth month and a record number of Americans were collecting jobless benefits.

via Bloomberg.com: Economy.

 

 

Dilbert - Jan 28

Dilbert - Jan 28

 

 

- Municipal News -

 

* Three city unions that refused to give up their 2009 pay raises might instead lose a week’s pay under new budget cuts announced yesterday by Columbus officials.

Mayor Michael B. Coleman said up to 1,300 city employees, including himself and other nonunion managers, will face five-day “temporary layoffs” in the coming months — unpaid days off that will save an estimated $1.65 million.

via DispatchPolitics : Columbus budget : 1-week layoffs new plan for cuts Columbus Dispatch Politics.

 

* Cuts May Lead to Layoffs for 15,000 NYC Teachers

NEW YORK (1010 WINS)  — Thousands of New York City teachers may be forced to learn a harsh lesson in economics, if the state and city decide to follow through with proposed education budget cuts.

via 1010 WINS New York’s #1 source for local news, traffic and weather – Cuts May Lead to Layoffs for 15,000 NYC Teachers.

 

 

- US and some Canada News -

 

 

kodak1* ROCHESTER, N.Y. (AP) – Eastman Kodak says it is eliminating 3,500 to 4,500 jobs, or 14 percent to 18 percent of its payroll, as it posted a $137 million loss for the fourth quarter.

Kodak says sales and profits from both digital and film-based photography products plummeted.

via Kodak posts 4Q loss, plans up to 4,500 job cuts: Associated Press Business News – MSN Money.

 

Mike: A. Perez continues to drive this company into the ground, yet he continues to tap the till for $ 9,478,434.00 (2007) via Antonio M. Perez Profile – Forbes.com. Failure is an option for Perez types, since win or lose they still score big.

kodak2* The Rochester, N.Y.-based photo products maker said the job cuts include 2,000 to 3,000 positions that were announced in late 2008.

“The second half of 2008 will go down in history as one of the most challenging periods we have seen in decades,” said Antonio M. Perez, chairman and CEO. “We built significant momentum following the completion of our corporate transformation, and our business results were on track through most of 2008, with digital revenue up 10% in the first half of the year, following double-digit growth in the second-half of 2007.

via Kodak Posts Unexpected Loss, Will Cut Jobs | Industrials | Financial Articles & Investing News | TheStreet.com.

 

kodak3* Many Kodak employees are talking about the news of job cuts and fourth quarter loss announced today. News 10NBC was outside Kodak headquarters when some employees were leaving. At least two people said they will find out tomorrow whether they’ll still have a job or not.

One woman said 160 out of 800 people will be let go tomorrow in one department that’s 20 percent of the department. Some said the only saving grace is the termination package Kodak is offering.

via www.News10NBC.com – Kodak employees react to layoffs.

 

pill* AstraZeneca said it will expand its restructuring program to save $2.95 billion annually by 2013, with the bulk of the savings coming by 2010. The company previously forecast savings of $1.98 billion. The program will lead to additional job cuts of 7,400, taking the total to 15,000 by 2013.

via AstraZeneca to cut more jobs; quarterly profit slips 1% – MarketWatch .

 

black-decker1* Black & Decker Corp. said Thursday that its fourth-quarter profit tumbled 77 percent on a large restructuring charge and declining demand as the prior year benefited from a hefty tax settlement.

The power tools manufacturer also announced job cuts totaling approximately 1,200 positions and cautioned that its first-quarter results would be hurt by declining sales and a stronger U.S. dollar.

via Black & Decker 4Q profit tumbles, cuts 1,200 jobs – Forbes.com.

 

ford1* Ford Motor Credit, the lending and financing arm of Ford Motor Co., will cut about 20% of its U.S. staff, or about 1,200 jobs, as part of a restructuring plan announced in meetings with employees Wednesday.

 

* Morganton – Viscotec told 100 employees on Wednesday they will be laid off at least through February.

via 100 jobs lost at Viscotec, for now.

 

* Delta Apparel Inc. will shutter its textile manufacturing facility in Fayetteville, N.C., and consolidate the jobs to plants in North Carolina and Honduras.

The move will cut 107 jobs, the Duluth, Ga.-based clothing company said. The Fayetteville campus will continue to employ 550 associates in sewing, screen printing, retail packaging, distribution, and product and art development, along with all sales and administrative functions for M. J. Soffe.

via Delta Apparel closing textiles plant in N.C. - Atlanta Business Chronicle: .

 

ford* LIMA, Ohio (AP) — Ford Motor Co. says it will stop production for two weeks next month at its engine plant in northern Ohio.

The automaker also will lay off as many as 70 employees indefinitely at the factory in Lima.

via – Ford closing Ohio engine plant for 2 weeks

 

hershey1* BERKELEY, Calif.—Hershey Co. has announced plans to close Scharffen Berger’s West Berkeley manufacturing plant and the San Francisco factory that makes Joseph Schmidt chocolates…..

About 150 employees will be affected by the closures, which will happen sometime this year.

via Hershey closing Scharffen Berger, Schmidt plants – San Jose Mercury News.

 

goodyear* The Richmond (Va.) Times-Dispatch reported that Goodyear Tire & Rubber Co. will close its rubber mixing plant in Radford, Va.

The plant mixes rubber stock for Goodyear plants, the report said. Goodyear laid off 31 workers at the plant in December; the remaining 18 employees will be cut when the plant is closed on Jan. 30.

via Tirereview – Global Tire News .

 

* Morrison & Foerster announced today (Wednesday 28 January) that it is making 53 lawyers redundant across its offices in the US.

via MoFo cuts 201 jobs in latest round of layoffs – 28 January 2009.

 

* CHICAGO (AdAge.com) — In another blow to a large, iconic agency, Leo Burnett USA today eliminated about 75 jobs, or 4% of its work force.

via Leo Burnett Lays Off 75 - Agency News – Advertising Age.

 

* In response to economic conditions, Morrison & Foerster has announced that it is is laying off more than 200 people.

The firm confirmed today that the layoffs include 53 attorneys and 148 staff members, reports Above the Law. According to the law firm’s website, MoFo has more than 1,000 attorneys in 17 offices worldwide.

via Morrison & Foerster Lays Off 53 Lawyers and 148 Staff Members | ABA Journal – Law News Now.

 

bbva* McALLEN — BBVA Compass Bank plans to lay off 80 employees in the Rio Grande Valley as part of a 10 percent company-wide reduction in workforce, a spokesman said Wednesday.

via Compass Bank to lay off 80 in Valley | bank, compass, lay – Now – TheMonitor.com.

 

 

espn* NEW YORK — ESPN’s top executive told employees that he’s instituting a hiring freeze and won’t give any raises to top executives as one of television’s most successful enterprises feels the effect of the economy.

ESPN and ABC Sports chief George Bodenheimer said he expected 200 jobs will be cut within the next year, mostly positions currently unfilled.

via ESPN facing job cuts, hiring freeze – Sports | DailyAdvance.com .

 

* SHELDON, Iowa (AP) – Rosenboom Machine & Tool is laying off 64 full-time employees from its facilities in Spirit Lake and Sheldon.

via KTIV NewsChannel 4 Sioux City IA: News, Weather and Sports-Rosenboom Machine & Tool announces layoffs.

 

pella*Pella Corp.’s Macomb manufacturing plant will lay off 100 of its 350 workers beginning Monday, a company official said Wednesday.

via Macomb’s Pella plant to lay off 100 - Galesburg, IL – The Register-Mail.

 

* The Los Angeles Opera announced Tuesday that it had laid off 17 employees, representing 17 percent of its staff, The Los Angeles Times reported. The company said it was imposing pay cuts of around 6 percent for its remaining staff, though some higher-paid employees received an 8 percent cut.

via Arts, Briefly – Los Angeles Opera Announces Layoffs – NYTimes.com.

 

hp1* A group of contract workers at Hewlett-Packard lost their jobs late last week.

The workers were part of the LaserJet enterprise solutions group, responsible for testing printers.

Between 20 and 30 people were released on Friday.

via 30 contract workers lose jobs at Hewlett-Packard in Boise | News Updates | Idaho Statesman .

 

* PLEASANTVILLE — Reader’s Digest Association Inc. says it will cut about 280 jobs, or 8 percent of its global work force, and implement other cost-cutting measures.

via Reader’s Digest cutting about 280 jobs | theithacajournal.com | The Ithaca Journal.

 

* The Cambridge Health Alliance, owner of three hospitals and 30 health clinics, is eliminating 300 full-time jobs and closing six centers as it tries to balance its books.

via Cambridge Health Alliance to cut 300 jobs, close 6 centers – BostonHerald.com.

 

* FAYETTEVILLE, N.C. — The last major apparel maker in a North Carolina county says it will shut down a fabric manufacturing division and move some of the work to Honduras to save money.

The Fayetteville Observer reported Thursday the decision will cut 107 jobs at the M.J. Soffe plant in Cumberland County by June. About 550 jobs will remain at Soffe’s plant on U.S. 301 in Fayetteville.

via NC apparel maker to close division, cut 107 jobs :: WRAL.com.

 

* SUTHERLIN — Orenco Systems Inc. in Sutherlin laid off 46 workers today as the manufacturer of wastewater treatment products struggles with an overall decline in sales.

via Orenco Systems lays off 46 workers | The News-Review – NRtoday.com.

 

3m* CHICAGO -(Dow Jones)- 3M Co. (MMM) said Thursday it would cut capital spending by a third this year and halt its share repurchase scheme to conserve cash.

The company also said more employee layoffs are likely in 2009 and has temporarily furloughed more than 1,000 employees.

via 3M Drops Share Buybacks; Cuts Capex As 4Q Falls 37%.

 

sepracor1* Marlborough, MA-based Sepracor announced that it plans to cut 530 company jobs and another 410 contract positions as it refocuses its marketing activities. The layoffs, which will claim about one in five jobs at the company, were prompted by the economic crisis that has roiled the biotech industry.

via Seprcaor cuts 940 positions in restructuring – FierceBiotech.

 

* Teradyne Inc. late Wednesday said it will cut 14 percent of its workforce and instate a 10-percent temporary pay cut in response to “worldwide economic conditions.”

The announcement accompanied the North reading, Mass., company’s fourth-quarter earnings release, which showed sharp deterioration in Teradyne’s core electronics-technology business.

via Teradyne announces layoffs, 10% pay cut – Boston Business Journal: .

 

Anchorage telecom company ACS is laying off about 20 employees, or about 2 percent of its workforce, the company said this week.

via ACS layoffs signal Alaska telecom crunch: Money | adn.com.

 

* OAKDALE (AP) — Oakdale’s Boise Cascade Plant will temporarily discontinue the production of plywood panels beginning Monday, resulting in layoffs.

Boise Cascade blamed a decline in new home construction and the nation’s economic crisis for the production halt.

via Oakdale plant to cut production, idle workers | theadvertiser.com | The Advertiser.

 

* Canada’s Isotechnika has already announced that it’s pursuing partnerships, merger deals, asset sales and other “strategic alternatives.” And in a release this morning, the developer is adding layoffs and other unspecified budget-cutting moves.

“Since the timeline for completion of any strategic alternative is unknown, the company must reduce its cash burn rate,” says Isotechnika in a release. Just how many people it plans to terminate or lay off temporarily was not spelled out in the release.

via Isotechnika orders layoffs, pursues ‘alternatives’ – FierceBiotech.

 

* SCHOFIELD, Wis. (AP) – A central Wisconsin fan manufacturer is cutting more jobs.

- Greenheck Fan Corp. says it is eliminating another 155 jobs at its headquarters in Schofield due to a slowdown in new orders of commercial and industrial fans.

via WKBT La Crosse, WI-NewsChannel 8-More layoffs at central Wis. fan manufacturer.

 

* DIXFIELD — About 190 employees at Irving’s Forest Products mill have been out of work this week, and are expected to be laid off again for a week at a time in February and March.

via More layoffs coming at Dixfield mill.

 

* United Steelworker District 6 Area Supervisor Jack Ostroski today confirmed to SooToday.com that Local 9548 members have received temporary layoff notices from Tenaris Algoma Tubes.

“We haven’t got the schedules yet, so we aren’t sure exactly how many,” Ostroski said. “But it’s over 400 for sure.”

via Update on Tenaris Algoma Tubes layoffs.

 

plow-and-hearth* Home decor merchant Plow and Hearth reportedly laid off at least 45 workers in two rounds last week. And according to a report from Madison County, VA, news television station NBC29, more job cuts are expected at the cataloger.

But parent company 1-800-Flowers.com would not confirm the job loss specifics. When contacted, spokesperson Joe Pititto referred to a statement 1-800-Flowers.com had prepared on Monday:

via 1-800-Flowers.com Mum on Reported Layoffs at Plow & Hearth.

 

alcoa* Less than a week after announcing plans to lay off

220 hourly employees, Alcoa Davenport Works suffered another blow Wednesday with the elimination of 41 salaried positions.

via Alcoa reducing salary positions by 41 / QCTimes.com.

 

charles-schwabb* NEW YORK, Jan 29 (Reuters) - Charles Schwab Corp (SCHW.O) will cut between 500 and 600 jobs in the current quarter as the biggest U.S. online broker, under pressure from low interest rates and a falling stock market, struggles to contain costs.

via Charles Schwab to cut up to 600 jobs this quarter | Markets | Markets News | Reuters .

 

bonton* Boston Store parent The Bon-Ton Stores Inc., a retailer with significant corporate operations in Milwaukee, said it will cut 1,150 jobs and suspend its 401(k) plan contributions in an initiative to boost operating income by $70 million a year.

via Bon-Ton to cut 1,150 jobs – The Business Journal of Milwaukee: .

 

advanta* Business credit-card company Advanta said Thursday that it lost $43.8 million in the fourth quarter largely because of credit losses, and that it would cut its dividends and expenses, including jobs and marketing.

The Spring House, Pa., company (NASDAQ:ADVNA) said it “will have approximately 300 fewer employees and operating expenses for 2009 are expected to be between 20 percent and 25 percent lower than those reported for 2008.”

via Advanta cutting jobs, dividends following $44M loss – Philadelphia Business Journal: .

 

* OKLAHOMA CITY (AP) – A Dallas-based company has closed its Oklahoma City railcar manufacturing plant just more than a week after closing a plant in Tulsa.

Trinity Industries says it’s shutting down Trinity Tank Car in Oklahoma City because of a falling demand for railcars.

- The closing puts 250 hourly and administrative employees out of work.

via KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo – Railcar manufacturer in OKC cuts 250 jobs.

 

* Toronto-based Celestica is closing its circuit board manufacturing plant in Arden Hills, Minn. That will put nearly 600 people out of work.

via MPR: Celestica closes Minn. plant; 590 jobs gone.

 

* The Lozier facility in Cedar City, which manufactures display shelves and other store fixtures for stores such as Wal-Mart, will end production March 9.

Gwen Miller, a senior accounting major from Spanish Fork and intern at Lozier said the company is closing because of the hard economic times right now and because it’s one of the smaller plants.

via Lozier closing: Hard economic times force smaller Cedar City branch to shut down – News.

 

toshiba* SAN JOSE, Calif. — Hit hard by the IC downturn, Japan’s Toshiba Corp. outlined several cost-cutting moves, including plans to delay two NAND flash fabs. The company also reduced its capital spending and will cut 4,500 temporary workers.

Toshiba (Tokyo) is delaying the construction of a fab in Yokkaichi from spring of this year until 2010. The company is postponing building another fab in Kitakami, based in northern Japan. Last year, Toshiba and its partner, SanDisk Corp., announced the fabs, which were geared for NAND flash production.

via EETimes.com – Toshiba delays fabs, cuts capex and jobs .

 

dianey* The Disney-ABC Television Group today laid off several hundred people, citing the weakening economy. Group President Anne Sweeney sent an e-mail to the approximately 7,000 television group employees, saying that after months of trying to adjust the business to the worsening economic climate, “we’re now faced with the harsh reality of having to eliminate jobs in some areas.”

via Disney-ABC Television Group lays off hundreds | Entertainment News & Buzz | Los Angeles Times.

 

cessna* Cessna Aircraft Co. said Thursday it plans to lay off another 2,000 workers, or about 13 percent of its work force, as the slumping worldwide economy is forcing more customers to cancel or delay orders for new aircraft.

via Cessna plans 2,000 more job cuts - Forbes.com.

 

* Chicago ad agency Leo Burnett USA said it will lay off 250 people, almost 15 percent of its workforce. Ugly, really ugly… But firing people is the way of life now. The Advertising agency claimed that the layoffs were only partly a response to the recession and partly, it said, an effort to “better position” the company in a rapidly changing industry. In other words, because they have to change their definition of the term “Advertising”. Even Arc Worldwide has hit with the layoffs. Leo Burnett is owned by Publicis Groupe.

via Ad agency Leo Burnett fires 250 people : Tribble Ad Agency : The Advertising Agency of Record.

 

* DANBURY – Cartus, one of the city’s largest employers, announced dozens of layoffs in a statement released Thursday.

The company said they workforce was reduced by 74 employees throughout the United States. Officials declined to comment on how many of those employees worked in the city.

via Danbury-based Cartus laying off dozens of employees – NewsTimes.com.

 

The solar thermal company confirmed it laid off about 10 percent of its staff, a spokeswoman said Monday. The layoffs occurred in January (laid off employees told us they began in December.)

via Greentech Media | Ausra Update: Layoffs Confirmed and a Change of Business Plans.

 

 

* Jan 29 (Reuters) – U.S. trucking company Arkansas Best Corp (ABFS.O) swung to a quarterly loss, hurt by decelerating tonnage levels and competitive pricing pressures, and said it shed about 1,100 jobs in the fourth quarter.

via UPDATE 1-Arkansas Best posts Q4 loss, sheds jobs | Reuters .

 

sun* SunPower, San Jose’s leading solar company, announced layoffs this morning.

“I can confirm that SunPower has made a small reduction in its worldwide workforce — approximately 60 out of 5,000,” Stephen Wright, the company’s director of corporate communications, said in an email.

via SunPower lays off 60 – San Jose Mercury News.

 

slot* RENO, Nev.—International Game Technology, the world’s largest maker of slot machines and casino management systems, announced Thursday it will lay off an additional 200 workers as the recession takes a deepening toll on the casino industry.

via Reno-based IGT announces more layoffs - San Jose Mercury News.

 

* SALISBURY, N.C. (AP) – An industrial fiber manufacturer says it will lay off 20% of its work force at a North Carolina plant.

The Salisbury Post reported Thursday that Performance Fibers of Richmond, Va., said the cuts were effective immediately. The firm manufactures polyester fiber used in tires, conveyor belts, fire hoses and safety belts.

via Live 5 News, Weather Sports, Traffic, and Programming Guide for Charleston, SC | Industrial fiber firm cuts 20% of workers.

 

ultratech* Ultratech (UTEK) this morning posted Q4 sales of $34.1 million, up from $29.7 million a year ago, but below the Street consensus of $35.8 million. Profits for the quarter were 17 cents a share, 3 cents better than estimates…………..

The semiconcudcor equipment company also said it is cutting staff by 9% and reducing salaries for most employees by 5%-20%.

via Tech Trader Daily – Barron’s Online : Ultratech: Q4 EPS Beats; Outlook Soft; Cuts Jobs, Salaries.

 

* Union Station Kansas City Inc. has cut $4.8 million from its cost structure in response to the tough economy, in part by eliminating more than 40 full- and part-time employees and continuing last year’s wage freeze in 2009.

 

 

- International News -

 

 

* MALACCA: Some 1,295 workers from five factories were laid off recently while several other factories were cutting down on production instead of laying off workers.

However, all is not lost as some have been offered jobs at other factories here.

A RM2.3bil investment in Alor Gajah to manufacture solar panels is anticipated to create 7,000 jobs this October.

via 1,295 lose jobs in Malacca.

 

* Tough economic times will soon result in layoffs at an Antigua-based land development company owned by Texas billionaire Allen Stanford.

Employees of Stanford Development Company say they have received letters telling them more than 200 of them will be dismissed Feb 1.

via Antigua company will lay off workers – Forbes.com.

 

* Thirty eight textile companies have closed shop in Nigeria, just as government is yet to redeem its pledge to bailout the ailing sector, General Secretary of the National Union of Textile Garments and Tailoring Workers of Nigeria (NUTGTWN) Comrade Issa Aremu has said.

via allAfrica.com: Nigeria: 38 Textile Firms Close Shop (Page 1 of 1).

 

* French car maker Renault (RENA.PA) said on Thursday it would cut a shift at its factory in Palencia, northern Spain, meaning 400 temporary workers would be laid off.

via Renault cuts 400 jobs at Spain factory | Industries | Consumer Goods & Retail | Reuters .

 

Paragon Labels is reported to be cutting 50 jobs at plants across the UK as a result of falling demand and high raw material costs.

via Paragon Labels to cut 50 jobs | Business | packagingnews.co.uk.

 

* Law firm Linklaters today announced plans to cut up to 270 UK jobs.

The company said it would launch a 90 day consultation with staff after which between 100 and 120 lawyers and 130 and 150 business support staff were expected to lose their jobs.

via Law firm Linklaters to axe 270 jobs – Business News, Business – The Independent.

 

* BRUSSELS, Jan 29 (Reuters) – Belgian-French financial services group Dexia (DEXI.BR)(DEXI.PA) is set to announce 700-800 job cuts for this year and a sharp reduction of bonuses, Belgian daily De Standaard said on Thursday.

via RPT-Dexia to cut 700-800 jobs this year – paper | Reuters .

 

A further 15 zavvi stores have been closed with immediate effect, leaving 48 stores remaining across the UK.

The closures see the loss of 295 jobs, said administrators from Ernst & Young.

As stock levels fall the administrators looked to cut costs by shutting the stores.

via 295 jobs lost as 15 zavvi stores close – Accountancy Age.

 

More than 150 Sussex workers have been axed and almost 1,000 others will be forced to work a fourday week.

Vacuum equipment manufacturer Edwards, formerly BOC Edwards, said it plans to make up to 176 people redundant at its base in Shoreham as it shifts work to Korea to cut costs.

via Four-day week and 150 jobs cut in Sussex (From The Argus).

 

London Underground has revealed it is to cut 1,000 jobs.

The firm said no front-line staff or Tube drivers would go but the cuts would come by cutting temporary and administrative posts.

via BBC NEWS | UK | England | London | Underground set to cut 1,000 jobs.

 

* BASE metals miners Kagara and Panoramic Resources have revealed more than 230 additional job losses.

 

 

- Hiring News -

 

* While Frederick County Workforce Services has been “tremendously busy” helping the growing pool of job-seekers in the wake of increasing layoffs, a few employers — especially in health care, life sciences and security — are hiring, said director Laurie Holden.

“Believe it or not, there are still jobs out there,” Holden said. “There are just a lot more competition for those jobs.”

Holden’s agency held a job fair last week where employers including Frederick Memorial Hospital and e-EndUSA, a Frederick electronics recycling company, tried to find suitable candidates amid the roughly 300 job-seekers who attended. Employers also included Admiral Security Services, State Farm Insurance, the Aircraft Owners and Pilots Association, Cianbro and SAIC-Frederick.

via Some employers still hiring amid layoffs.

 

Mike: Another day and another day of brutal layoff news. The abovelist tellsthe tale, so let’s end this evening with a laugh or two and hope that tomorrow brings better news……………

 

Obama pushes his $825 billion stimulus plan, and Neil deGrasse Tyson talks about Pluto.

more about “Stim City | The Daily Show | Comedy C…“, posted with vodpod

 

 

 

Tom Toles - Jan 29

Tom Toles - Jan 29

 

top

 

January 28 – Starbucks spills 6700 jobs – SAP cuts 3000 – Avery labels 3600 unemployed – Another 1600 at GM on unemployment – Boeing to chop 10,000 total, not just 4500 – DuPont to release 8000 contractors – STMicroelectronics sheds 4500 – Jabil minus 3000 – Allstate hands 1000 pink slips – AOL disconnects 700 – Celestica cuts 590

Mike: Good day to all. The news at the start of the day is gloomy for many who have lost jobs at  SAP,  DuPont,  Molex  and other locations. But if you have money in the stock market, you can be thankful this morning as it appears that there is great optimism for the upcoming US stimulus vote. I’m not sure why the excitement, but it’s a bit of good news for a change

Mike; If anyone knows of layoffs that I haven’t posted, feel free to drop me a note and I’ll make sure they are recognized.

 

 

Microsoft/Google/IBM News & Rumors -

 

ibm3* IBM has cut as many as 4000 positions in the US as it scales back due to the current economic climate.

The company is reluctant to release any specific numbers, as roles in hardware, software and sales jobs are axed, according to a report by the Associated Press.

via IBM makes 4000 ‘stealth’ job cuts // News.

 

ibm4* ESSEX JUNCTION — At Five Corners Variety in Essex Junction, down the road from IBM’s microelectronics plant, Heidi Clark said she worried the company’s latest round of layoffs would hurt the liquor store’s business.

“It all trickles down,” said Clark, an employee at the store. “If people can’t find jobs locally, they don’t shop here.”

Granted, each round of layoffs usually brings a day of good business to the store. One man bought a bottle Tuesday to celebrate keeping his job at IBM, Clark said.

“He said, ‘Either way, I was going to stop in here today,'” Clark said.

via IBM layoffs could have ripple effect | burlingtonfreepress.com | The Burlington Free Press.

 

ibm5* ROCHESTER, MN (KTTC-TV) — KTTC has confirmed that significant numbers of layoffs have happened at the Rochester IBM plant.  The “resource actions” had been scheduled by the computer firm for days, and had been the source of anxiety for many workers whose personnel reviews had been set for this week.

An inside source tells the NewsCenter the number is around 800, or about 18 percent of the workforce.  Most of the cuts happened in the Systems and Technology Group.  The Rochester Chamber of Commerce says about 4,400 people work inside the sprawling IBM complex along U.S. 52 in northwest Rochester.

via KTTC Rochester, Austin, Mason City News, Weather and Sports -Massive layoffs at Rochester IBM plant.

 

 

More on IBM:

 

 

- General Economic News -

 

* Update: Highlights

The Mortgage Bankers Association’s purchase applications index fell 2.9 percent to 294.3 in the holiday shortened week of Jan. 23. The refinance index dropped 48 percent to 3,373.9. These numbers bounce around quite a bit especially in shortened weeks. The most interesting numbers in the report are mortgage rates led by the 30-year fixed rate which remains stubbornly above 5 percent, at an average 5.22 percent for a 2 basis point decline in the week.


* Update: WASHINGTON (AP) — The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite “some time.”

Specifically, the Fed said it is “prepared” to buy longer-term Treasury securities if the circumstances warrant such action. At its December meeting, the Fed said it was merely evaluating that option. Such a move could help drive down mortgage rates and provide help to the stricken housing market, economists said.

via Fed pledges to use all tools to help economy - Yahoo! Finance.

 

kodak* Jan. 28 (Bloomberg) — Eastman Kodak Co., fresh from a $3.4 billion, four-year restructuring that cut its workforce in half, may announce a second shake-up amid a continuing drop in sales.

To see any sort of meaningful turnaround, they have to get costs way more in line with their peers,” Standard & Poor’s equity analyst Erik Kolb said in an interview. “That means cutting jobs, cutting anything wherever they can.”

via Bloomberg.com: Worldwide.

 

* John Thain is Hilariously Unacceptable

There is something hilariously ballsy about Merrill Lynch CEO John Thain trying to excuse spending $1 million to redecorate his office (including the now infamous $87k rug) by saying “It was over a year ago,” as if in 2007-2008 no one had an inkling that our markets were about to melt and therefore it was totally acceptable to spend more money than most people make in a lifetime on a room where you spend less than 25% of your time in.

via John Thain is Hilariously Unacceptable / Jossip.

 

* WASHINGTON – Massive deficits could force the post office to cut out one day of mail delivery, the postmaster general told Congress on Wednesday, in asking lawmakers to lift the requirement that the agency deliver mail six days a week.

If the change happens, that doesn’t necessarily mean an end to Saturday mail delivery. Previous post office studies have looked at the possibility of skipping some other day when mail flow is light, such as Tuesday.

via Postmaster General: Mail days may need to be cut - Yahoo! News.

 

 

Rob Rogers - Jan 27

Rob Rogers - Jan 27

 

 

- Municipal News -

 

All Fayette County school custodians, secretaries and office staff will have to take two unpaid days off before June 30 to offset a projected deficit.

The Fayette County school board on Tuesday unanimously approved the two-day mandatory furloughs, including a request for administrators to take voluntary furloughs.

via 2-day furloughs ordered for school employees | ajc.com.

 

* The combination of a nationwide recession and a state budget deadlock is forcing the county of Ventura to eliminate the equivalent of 71 full-time positions, bringing the total number of jobs cut in the past few months to more than 120.

via County cuts 71 more jobs but avoids layoffs : Breaking : Ventura County Star .

 

* RIDGEFIELD – Eight town employees were laid off Tuesday due to “declining revenues,” said First Selectman Rudy Marconi.

via Ridgefield cuts 8 town employees, more layoffs could follow – NewsTimes.com.

 

* (Rochester, N.Y.) – The Rochester City School District reports that its budget deficit has grown by $7 million to $61 million in just one month and is now projecting about 500 job cuts.

via RCSD Says 500 Jobs Cuts Possible; RTA Says Budget Deficit is Inflated – 13WHAM.com .

 

* Ada County eliminated 16 development services staff Tuesday, furthering a cut in the agency over the past 10 months from 41 employees to 20.

via Ada County eliminates jobs in development services | Local News | Idaho Statesman .

 

* Missouri Gov. Jay Nixon proposed cutting 1,300 state jobs during his State of the State address Tuesday night.

via Nixon proposes cutting 1,300 state jobs - Kansas City Business Journal: .

 

* The New Jersey Turnpike Authority will cut 80 positions in 2009 and maintain a hiring and promotional freeze, according to the operating budget approved this morning by the agency’s board of commissioners.

 

 

- US and some Canada News -

 

sap* FRANKFURT, Germany (AP) — Software maker SAP AG said Wednesday it would cut 3,000 jobs worldwide to cut costs as its 2008 net profit fell 2 percent, weighed by a difficult year-end when the financial crisis deepened.

via The Associated Press: SAP says profit down 2 pct in ’08, axes 3,000 jobs.

 

sap1* But a troubling and unpredictable economic climate means that SAP, like many other companies inside and outside of high tech, will continue tightening its belt. SAP said Wednesday that it plans to trim its worldwide workforce by about 3,000 positions by the end of 2009, from 51,500 down to 48,500 jobs.

SAP said that the job cuts, at least some of which it expects to come through attrition, will lead to annual savings of 300 million to 350 million euros starting in 2010.

via SAP plans job cuts, despite solid earnings | Business Tech – CNET News.

 

* The company lowered its full-year earnings estimate for 2009 to $2 to $2.50 a share, down from its previous guidance of $2.25 to $2.75 a share. It also announced that it would cut 8,000 contractors from its work force.

 

avery1* Jan. 27 (Bloomberg) — Avery Dennison Corp., the world’s largest label maker, said it will eliminate about 10 percent of its workforce, or about 3,600 jobs, after reporting its first sales decline in 12 quarters.

The cuts will cost about $120 million, most of which will be booked in 2009, the Pasadena, California-based company said today in a statement. The sticker-maker said it will save $150 million annually over the next two years once the cuts are implemented.

via Bloomberg.com: Worldwide.

 

avery* Tuesday, Avery Dennison Corporation (AVY: News ), reported a drop in profit for the fourth quarter as net sales came down more than 11% during the three-month period. Additionally, the company also revealed restructuring actions to reduce its global workforce by 10%.

 

* DEXTER — McNeilus Trucking and Manufacturing is planning to close its Dexter plant with nearly 30 employees.

via Postbulletin.com: Rochester, MN.

 

* WILKES-BARRE — Intermetro Industries Corp. announced Tuesday the layoff of 20 employees, bringing the total number of jobs lost since November to 88.

Approximately 70 of the laid-off employees are hourly production workers, said Emily Umbright, spokeswoman for Emerson Electric Co., which owns Intermetro.

via W-B manufacturing facility plans to lay off 20 more employees | News | thetimes-tribune.com – The Times-Tribune .

 

* Up to 150 employees could face layoffs at the Auto Truck Transport terminal in Cleveland — a direct result of the job reductions and production cutbacks at Freightliner.

The Auto Truck Transport layoffs will take effect March 16. The terminal at 320 Bear Poplar Road near Freightliner employs mostly drivers and shop workers.

via SalisburyPost.com – Area – Cleveland company announces up to 150 layoffs .

 

* The newspaper industry’s deep-rooted problems combined with recessionary pressures have led the Athens Banner-Herald to eliminate 15 full-time employees.

via 15 jobs cut at Athens Banner-Herald | From Staff Reports.

 

molex* The restructuring moves will reduce 2,500 jobs in the March quarter, the company said in a conference call, in addition to 5,600 layoffs in the December quarter and an expansion of the 1,200 job cuts announced earlier this month.

via UPDATE 2-Molex posts Q2 loss, to cut jobs | Deals | Regulatory News | Reuters .

 

colts* INDIANAPOLIS Add the Indianapolis Colts to the growing list of job-cutting sports companies.

The team announced its decision Tuesday in a two-sentence statement, but declined to say how many jobs were cut. The Indianapolis Star reported the number is about 25.

via Colts to cut jobs in tough economy | CharlotteObserver.com.

 

lexmark* Lexmark International will cut or transfer nearly 160 jobs at its Lexington headquarters as part of its fifth restructuring or work-force reduction in five years.

via Lexmark to shed 160 jobs in Lexington – Daily Business Report – Kentucky.com.

 

black-decker* Black & Decker has laid off 33 hourly employees from its North Jackson location.

Employees were laid off on Monday and Tuesday of this week, said Carmen Simeon, manager of Human Resources in Jackson.

via Black & Decker lays off 33 workers | jacksonsun.com | .

 

* DECKERVILLE, Mich. — Dott Manufacturing in Huron County will be closing its doors in the next 60 days.

The Deckerville plant makes car emblems and plans to lay off nearly 160 people.

via Dott Manufacturing Closing Emblem Factory – News Story – WNEM Saginaw.

 

* A cookware supplier is closing its city store, with the loss of four jobs.

- ProCook, which supplies both top brand and its own ProCook brand cookware and electrical appliances for the kitchen, is closing 18 of its stores nationwide, including its Norwich shop in Chapelfield shopping centre

via Evening News 24 – City cookware shop to close.

 

* Around 90 employees at Liberty Homes’ Statesville facility have been notified that the home manufacturer has decided to make their temporary layoffs permanent.

“Everybody is kind of sad,” Phil Cummings, plant manager, said. “Some people are getting laid off with almost 25 years of service.”

via Liberty Homes closing; 90 to lose jobs.

 

* The parent company of the Capital newspaper in Annapolis said Tuesday it is trimming 111 jobs in response to declining advertising revenue and a weak economy.

via Capital Gazette newspapers cuts 111 jobs - Washington Business Journal: .

 

honda* Honda Motor Co. Ltd. on Tuesday disclosed its fourth North American production cut in three months, part of a continued effort to align its vehicle inventory with slumping consumer demand.

The automaker, which recently opened a plant in Greensburg, Ind., said it will cut 29,000 vehicles from its plan at all North American plants for the remainder of its fiscal year, which ends March 31. That reduction includes 14,000 fewer cars and light trucks assembled at Honda’s Marysville and East Liberty, Ohio, plants.

Spokesman Ron Lietzke said the cuts will be accomplished by a mix of reduced daily output and temporarily idled assembly lines.

via Honda makes more North American production cuts - Business Courier of Cincinnati: .

 

* STAFFORD — Warren Corp. has laid off roughly a third of the employees at its woolen and fabric mill, according to a state Labor Department official…………

The 57 workers were given information on how to file for unemployment, as well as how to access employment services, such as the CTWorks offices and related services, Steffens said.

via Journal Inquirer > News > Stafford mill laying off 57 workers.

 

intel* Intel Corp. may cut up to 500 manufacturing jobs in Chandler as part of workforce reductions, the computer chipmaker announced last week.

Spokeswoman Dawn Jones said managers notified Intel’s Arizona workforce on Tuesday that the previously announced cuts would affect manufacturing plants at the company’s Ocotillo campus.

via Chandler’s Intel plant may see 500 jobs cut.

 

boe1Boeing Co.said Wednesday it plans to slash about 10,000 jobs across its businesses, compared to a prior announcement of 4,500 job cuts from its commercial airplane unit.

via Boeing plans to slash 10,000 jobs as the economy weakens – MarketWatch .

 

boe2* Boeing which posted a loss in the fourth quarter, said Thursday it will reduce its workforce by 6% or 10,000 positions.

CEO Jim McNerney, speaking on a fourth-quarter earnings conference call, said the positions will be eliminated “through a combination of attrition, retirements and reductions. Fundamentally, this is a solid company with a strong growing core business. “[But] the global economy continues to weaken and is adversely affecting air traffic growth and financing.”

via Boeing to Cut 10,000 Jobs | Aerospace/Defense | Financial Articles & Investing News | TheStreet.com.

 

* BOWLING GREEN, Ky. — A southern Kentucky car-parts manufacturer says it will lay off 90 workers next week.

Harman/Becker Automotive Systems in Franklin blames the layoffs on the ailing economy and the effect it has had on the automotive industry.

via Fort Mill Times | FortMillTimes.com - Ky. auto supplier to lay off 90 workers - Fort Mill, SC.

 

* Let the penny pinching commence! Merrill Lynch’s training program took a hit yesterday as many of its trainees were shown the door.

A Merrill Lynch spokesperson confirmed the layoffs, but could not provide details about the number of trainees let go. In general, trainees who had been generating revenue for fewer than 24 months and did not meet certain production thresholds were told to take a hike.

via Merrill Cuts Trainees .

 

S4Carlisle Publishing Services Inc. laid off 10 employees at its West End office Tuesday in what a company spokeswoman called a “company reorganization.”

via TH – Local News Article.

 

* Auto Truck Transport of Rowan County will begin laying off some 100 employees in mid-March, according to a filing with the N.C. Department of Commerce.

 

tellabs* Tellabs Inc. has laid off 25 percent of the workforce at its Petaluma optical networking unit as it struggles with flagging demand from telecommunications providers.

Despite a drop in sales, Tellabs reported higher quarterly profits Tuesday, largely because of the company-wide cutbacks announced last October.

via Tellabs cuts 25% of Petaluma jobs | PressDemocrat.com | The Press Democrat | Santa Rosa, CA.

 

* GREENVILLE (AP) — Two eastern North Carolina newspapers say declining business conditions will force them to eliminate a total of 28 jobs.

The Daily Reflector of Greenville said it will eliminate 23 positions across its 232-member staff, except for the circulation department. The Rocky Mount Telegram said it would eliminate five positions on its staff of 49 people.

via Cox cutting jobs at two N.C. newspapers : News-Record.com : Greensboro, North Carolina.

 

gm2* The moves come as GM and Chrysler are racing to get concessions from labor and other stakeholders as required under the terms of the $17.4 billion federal rescue of the two companies.

The 1,600 UAW workers in GM’s jobs bank will be placed on layoff and must apply for unemployment. Between a mixture of unemployment and company pay, they will then receive about 72% of their normal compensation, GM spokesman Tony Sapienza said.

via GM to shut jobs bank; 1,600 to be laid off | Freep.com | Detroit Free Press.

 

* In further signs that the deepening recession is having a major impact on Jewish universities and institutions, two major seminaries here announced tuition freezes and budget cuts, the city’s largest Jewish cultural institution laid off nearly 10 percent of its staff and Brandeis University is taking  the highly unusual step of selling off its prized contemporary art collection.

“This is one of the more challenging moments in recent history,” Jewish Theological Seminary Chancellor Arnold Eisen told The Jewish Week.

via Seminaries, 92nd St. Y Forced Into Painful Cuts .

 

* General Shale Brick announced today that they will be laying off 50 people this Friday.

We first told you about this news story July 19. The layoffs from General Shale’s Johnson City plant were originally slated to occur Sept. 15, but the company was able to hold on to the employees until this week.

via General Shale Announces Layoffs Friday | TriCities.

 

* Analogic Corp. of Peabody said that it will reduce its worldwide workforce by 9 percent, or 140 jobs, including 128 in Massachusetts, as part of a plan to cut costs by $9.6 million per year.

via Analogic will cut 9 percent of its global workforce – Daily Business Update – The Boston Globe.

 

aclu* The American Civil Liberties Union, impacted by the unfolding economic crisis, laid off ten percent of its national workforce this week. Thirty-six staffers lost their jobs, including five in the Washington, D.C. legislative office, a source familiar with the firings told the Huffington Post.

via ACLU Lays Off A Tenth Of Workforce.

 

aol* NEW YORK, Jan 28 (Reuters) – AOL will cut about 700 jobs, or 10 percent of its workforce, as the Internet services and media company struggles with an advertising downturn and recession, according to an internal memo circulated to employees on Wednesday.

via UPDATE 1-AOL to cut 700 jobs - internal memo | Markets | US Markets | Reuters .

 

aol1* AOL will cut up to 10 percent of its work force, or about 700 people, freeze some raises and consolidate its remaining operations centers.

CEO Randy Falco outlined the cuts in a memo to employees Wednesday afternoon. Falco also said the company was reviewing its international operations.

via AOL cutting hundreds of jobs – Baltimore Business Journal: .

 

* Hubbell Lighting in Christiansburg has let go of more workers.

A member of the local union for the company says 26 hourly employees were permanently laid off this month because of lack of demand for industrial lighting.

via WDBJ7 Roanoke News and Weather NRV Lynchburg Danville | Layoffs at Hubbell Lighting in Christiansburg.

 

* West Liberty Foods announced this week it is not immuned to the recession. The processing plant announced Thursday, Jan. 15, 2009, it will be laying off approximately 75 workers from the West Liberty plant, effective Monday, Feb. 9, 2009.

via West Liberty Foods to lay off 75 workers next month – West Liberty Index – West Liberty, Iowa.

 

starbuck* Starbucks said Wednesday that it would slash 6,700 jobs and close an additional 300 stores — including 200 in the U.S. — as the Seattle-based company continues to struggle during the recession.

via Starbucks announces 6,700 job cuts – Puget Sound Business Journal (Seattle): .

 

starbuck1* Starbucks will cut 6,000 positions in stores worldwide over the next eight months, and will eliminate about 700 non-store workers by mid-February.

The immediate cuts will include about 350 people at its headquarters.

via Business & Technology | Starbucks will cut 6,700 jobs, close 300 more stores | Seattle Times Newspaper.

 

* NEW YORK, Jan 28 (Reuters) – The Reader’s Digest Association Inc is cutting about 8 percent of its staff as it tries to strengthen itself against the world financial crisis………….

The company employs about 3,500 people, spokesman William Adler said, making the cuts equal to about 280 jobs. The cuts will include layoffs and leaving some positions unfilled, he said.

via Business Feed Article | Business | guardian.co.uk .

 

* Through layoffs and reduced hiring, Norfolk Southern Corp. has cut 758 train and service jobs since April, and 100 additional workers will lose their jobs over the next month, said Stephen Tobias, the company’s vice chairman and chief operating officer, during a conference call with analysts today.

via Norfolk Southern has cut 758 jobs since April; more to come | HamptonRoads.com | PilotOnline.com.

 

sepracor* Sepracor Inc., known for its Lunesta sleeping pill and Xopenex asthma medicine, is slashing 530 jobs, or 20 percent of its work force.

The Marlboro company announced the layoffs after the market closed, along with its fourth-quarter and full-year financial results and outlook for 2009.

via Marlboro drug maker Sepracor cuts 530 jobs – BostonHerald.com.

 

* Revel Entertainment laid off 400 workers today and said it would stop interior work on the one new casino project in Atlantic City that hadn’t yet fallen victim to the economic crisis and the credit crunch.

via Revel lays off 400 and slows work on Atlantic City casino – Breaking News From New Jersey – NJ.com .

 

celestica* Celestica will close plant in Arden Hills, cut 590 jobs

Citing reduced demand for its products, the Toronto-based company will eliminate 440 full-time jobs and 150 contract jobs in Arden Hills.

via Celestica will close plant in Arden Hills, cut 590 jobs .

 

* OMAHA, Neb. — First National Bank of Nebraska plans to eliminate 350 jobs across its operation, but most of the layoffs will be made in Omaha where the bank is based.

via Daily Herald | Castle Bank parent company cutting jobs.

 

hanes* Jan 28 (Reuters) – Underwear maker Hanesbrands Inc (HBI.N) posted a higher-than-expected fourth-quarter profit, helped by cost-reduction efforts and higher domestic product prices, and said it would cut 310 jobs.

 

allstate* Jan. 28 (Bloomberg) — Allstate Corp., the largest publicly traded U.S. home and auto insurer, will cut 1,000 jobs after the falling value of investments caused the company’s first annual loss as a public firm. Shares dropped 11 percent in extended trading.

via Bloomberg.com: Worldwide.

 

* In a Form 8-K, Skyworks Solutions (Nasdaq: SWKS) today committed to a restructuring plan to realign its costs given current business conditions. The Plan reduces global headcount by approximately 4%, or 150 employees, primarily affecting RF transceiver development.

 

* In response to the on-going global economic slowdown and resulting changes in demand requirements from customers, Jabil (NYSE: JBL) plans to cut its manufacturing capacity in certain geographies and to shrink its worldwide workforce of 85,000 by approximately 3,000. Jabil said the restructuring will appropriately align its manufacturing sites with the Company’s current customer demand outlook and increase operational efficiencies. Approximately ten global plant sites will be impacted, and approximately ten percent of the headcount reductions will take place in the United States.

via StreetInsider.com - Jabil (JBL) Cutting Workfroce by 3,000 Jobs.

 

* Athletic-clothing retailer Pacific Sunwear of California Inc (PSUN.O) said it cut 57 jobs and slashed its capital expenditure budget as part of its cost-cutting measures to combat the weak economy.

 

Saint Clare’s Hospital has announced a financial restructuring to reduce costs and improve productivity that will include 180 job cuts, including 100 people to be laid off today, hospital officials said this afternoon.

via - Breaking News From New Jersey – NJ.com .

 

* WEST DES MOINES, Iowa – FBL Financial Inc. has announced that it is cutting more than 70 jobs from its home office in West Des Moines.

via Farm Bureau cuts 76 jobs in central Iowa. — chicagotribune.com.

 

gm3* Workers at the General Motors Corp. Tonawanda engine plant have learned the impact on them of the recently announced production cutbacks at GM’s U.S. assembly plants.

The plant disclosed today that 65 additional hourly employees will be placed on indefinite layoff as of Jan. 30.

via GM Tonawanda lays off 65; job bank ends - Business First of Buffalo:

 

citrix* Citrix Systems plans to eliminate 10 percent of its global staff to reduce operating expenses as the recession hurts demand for networking software.

 

 

 

 

- International News -

 

* “We are talking 3,000 jobs across the country,” Dragos Parvan, spokesman at a local employment agency branch, told Realiatea TV.

via Romania agency says Petrom to cut 3,000 jobs -TV | Reuters .

 

* TOKYO—Panasonic Corp. said Wednesday it will cut 560 jobs in Asia due to the closure of two plants in the region, while declining to confirm a report saying the Japanese electronics giant will likely suffer its first net loss in six years.

via Panasonic to cut 560 jobs, close Asian plants – Chico Enterprise Record.

 

* LONDON (Reuters) – London water utility Thames Water on Wednesday said it was cutting up to 300 jobs to cope with soaring borrowing costs and lower revenues.

via Thames Water to cut up to 300 jobs | Reuters .

 

* Swiss firm Barry Callebaut, the world’s largest chocolate maker, is to cut around 100 jobs at its production site in Dijon, France.

via Barry Callebaut to cut 100 jobs at Dijon plant.

 

* Itella, a state-owned enterprise previously known as Finland Post, said in a statement Wednesday it would start a round of statutory cooperation procedure talks with the aim of cutting about 85 jobs.

via NewsRoom Finland.

 

May cut up to 100 jobs, not ruling out forced redundancies

via UPDATE 2-Renishaw reviews final dividend, to cut jobs | News | Company Results and Outlooks | Reuters .

 

* SAN JOSE, Calif. — Amid a loss and a poor outlook, STMicroelectronics Inc. outlined a major cost-cutting effort in 2009, including a plan to shed 4,500 jobs.

via ST to cut 4,500 jobs amid weak results .

 

* LONDON (Reuters) – Aerospace and automotive engineer GKN added to gloom in the jobs market by announcing a further 1,400 layoffs on Wednesday and plans for more cuts for 2009.

via GKN cuts further 1,400 jobs and plans more in 2009 | Reuters .

 

* Shop Direct has this lunchtime told staff that it is to close its Crosby call centre and reduce staff  numbers elsewhere.

The home retail group, which used to trade as Littlewoods, will shed 900 posts across its  Merseyside operations.

via Shop Direct to cut 900 Merseyside jobs - Liverpool Daily Post.co.uk.

 

* Business software maker Parametric Technology Corp (PMTC.O) said it would cut about 250 jobs in the wake of a sharp drop in license revenue as deals dry up in a weakening economy.

via Parametric Tech to cut jobs; forecasts weak 2009 | Deals | Regulatory News | Reuters .

 

Serious Food Ltd in Llantrisant, which employs 420 people, entered into a consultation with 200 employees over a redundancy programme in November.

 

- Hiring News -

 

* Those looking for work may want to help the government gather information for the 2010 Census.

The U.S. Census Bureau is seeking temporary part- or full-time workers who can be relied upon to compile information about area residents, either by traveling door-to-door or through phone work. The pay: between $11 and $15 per hour — or closer to $20 an hour if you become a supervisor. 

via Press Publications > Vadnais Heights Press > News > Census Bureau hiring temporary workers at $11 to $15 per hour.

 

LANSING — The state will hire an additional 276 workers — more than double the current staff– to handle an avalanche of unemployment claims, and beef up Internet capacity to speed up the filing process and ease the crunch on the overwhelmed system, Gov. Jennifer Granholm announced Wednesday.

via – Michigan to hire more workers to handle jobless claims-

 

Mike: The large layoffs announcements waitedfor the afternoon to arrive. Tens of thousands again lost their livlihoods, but the stimulus package came closer to being approved, which hopefully leads to some robust job creation. Let’s end this hectic day with a couple of laughs. Till tomorrow ………….

 

 

Jerry Holbert - Jan 28

Jerry Holbert - Jan 28

 

 

 

more about “Cheating Death – Lung Health | Januar…“, posted with vodpod

 

 

 

 

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January 27 – Corning cuts 3500 – Baker Hughes releases 1500 – Target aims to cut 1500 – 1300 gone at Ashland – Clariant drops 1000 more – PPG to end 4500 jobs – Volvo dumps 650 in VA – United Stationers sending 250 to unemployment

Mike: Let’s hope Tuesday is a lighter layoff day than Monday turned out to be. Still plenty of earnings and economic reports to sway the market and the layoff announcements. There have been a few large layoff announcements this AM starting with  Corning  cutting 3500 and  Ashland laying off 1300

 

Outrage of the day: So the taxpayer pays to give retention pay to the same people that drove the company into the ground, which resulted in them having to beg the taxpayer for a bailout. Instead of being investigated, they are treated with kid gloves and buckets of taxpayer cash. Nice work if you can get it:

aig* Jan. 27 (Bloomberg) — American International Group Inc., the insurer that nearly collapsed because of losses on credit- default swaps, offered about $450 million in retention pay to employees of the unit that sold the derivatives, according to two people familiar with the situation.

About 400 workers at the financial products unit may get the money in two installments, said the people, who declined to be named because the payments were confidential. The business was responsible for about $34 billion in writedowns since 2007 as the market value of swaps AIG sold to banks plunged amid the subprime mortgage market collapse.

via Bloomberg.com: U.S..

 

Citigroup, which received funding from last year’s taxpayer bailout, canceled their plans to buy a $50 million executive jet after the news drew disapproval from President Obama.

A Citigroup spokesman said Tuesday that the beleagured bank had no intention of accepting the jet.

Citigroup ordered the jet in 2005, when the company had cash to spare, and was set to receive it this year. The bank originally said canceling the sale would mean that it would have to pay millions of dollars in penalties.

A White House spokesman told Reuters Tuesday that President Obama did not believe “that’s the best use of money” by a company receiving money from last year’s bailout.

via FOXNews.com – Report: Citigroup Cancels Plans to Buy $50 Million Jet - Local News | News Articles | National News | US News.

 

Jeff Danziger - Jan 27

Jeff Danziger - Jan 27

 

 

 

 

Microsoft/Google/IBM and other Rumors /News-

 

yahoo3* Yahoo Inc.’s new chief executive, Carol Bartz, will get a chance to elaborate on her turnaround plans Tuesday when the Internet company reports its fourth-quarter earnings.

The results, due out after the stock market closes, are expected to show Yahoo’s long-running struggles worsened during the final three months of last year.

via Yahoo’s 4Q expected to reflect deepening slump – BusinessWeek.

 

ibm1* Layoffs at IBM’s microelectronics plant in Essex Junction are under way, but it is unclear how many jobs will be cut.

According to an IBM employee who asked to remain anonymous said this morning, “I just received a call from my manager,” said the IBM employee, who works on the manufacturing segment of the local plant. “They performed a resource action … my personal job wasn’t affected, but others in my department were.”

via IBM in Vermont starts layoffs | burlingtonfreepress.com | The Burlington Free Press.

 

ibm2* IBM has had two rounds of layoffs within the past two weeks, a company spokesman said.

“We did this last week on the 21st and today,” said IBM spokesman Doug Shelton, referring to the layoffs.

Shelton would not comment on how many IBM employees were laid off, what departments they worked in and where they were located.

via IBM: 2 rounds of layoffs in 6 days – The Business Review (Albany): .

 

msft* Before cutbacks, R&D soared in Microsoft Entertainment Division

Microsoft was pouring research-and-development funds into its Entertainment and Devices Division at an accelerated pace in the months prior to announcing last week’s layoffs, according to the company’s latest regulatory filing. The numbers may explain why that division appears to have been hit hardest by the cutbacks. They also show how abrupt the company’s financial pullback has been.

via Before cutbacks, R&D soared in Microsoft Entertainment Division – TechFlash: Seattle’s Technology News Source.

 

 

Ben Sargent - Jan 27

Ben Sargent - Jan 27

 

 

- General Economic News -

 

Mike: Below are some of the economic reports that are imprtant to potential layoffs. To see the entire list, go to:Bloomberg.com: Economic Calendar.

 

* Update: The ICSC-Goldman Sachs survey reported that sales were down 2.4% year-over-year last week, compared to a -1.8% print in the prior report.

“Despite the modestly positive sales influences which came from sales over Martin Luther King Jr. weekend, the presidential inauguration kept consumers home watching television coverage rather than in stores,” said Michael P. Niemira, chief economist at the ICSC.

via More Disappointment in U.S. Weekly Retail Sales | CEP News.

 

Redbook
[Report][Bullet
8:55 AM ET
* Update: Johnson Redbook retail survey, which recorded a 2.3% decline in the week compared to the same period last year, the same pace of decline as lr.ast week’s report. In addition, sales to date in January fell back 2.6% compared to December.

 

* Update: NEW YORK (Reuters) - Home prices plunged a record 18.2 percent in November from a year earlier as the country’s housing market remains in the throes of a deep recession, according to an index from Standard & Poor’s.

Prices in 20 metropolitan areas tracked by S&P fell 2.2 percent from October as housing continues to suffer from a huge supply of unsold homes, tighter lending standards and record foreclosures.

via Home prices plunge record 18.2 percent in November – Yahoo! Finance.

 

* Update: NEW YORK (Reuters) – Consumer confidence fell to a record low in January as a downtrodden housing sector and worsening job prospects kept the country in a somber mood.

The Conference Board, an industry group, said its sentiment index fell to 37.7 from a revised 38.6 in December, confounding forecasts for a small uptick.

“Consumers remain quite pessimistic about the state of the economy,” said Lynn Franco, director of The Conference Board Research Center. “Until we begin to see considerable improvements in the expectations index, we can’t say the worst of times are behind us.”

via Consumer confidence falls again to record low – Yahoo! Finance.

* As bad as the economic outlook was in the latest National Association for Business Economics survey, it likely would be much worse if the survey were conducted this week, said Robert Premus, Wright State University economics professor.

The NABE survey released Monday, Jan. 26, was conducted between Dec. 17 and Jan. 8. It depicts the worst business conditions since the survey began in 1982.

“We’re in for quite a serious downturn,” said Premus, who predicts an economic crisis unrivaled during the lives of the Baby Boomers and subsequent generations. “It’s really just beginning.”

via Prof: Downturn ‘just beginning.

 

Nevada’s unemployment rate jumped to 9.1 percent in December. That is a full percentage point higher than it was in the previous month.

Nevada’s unemployment rate is the highest it has been in more than two decades and the eighth highest in the nation for December.

via Las Vegas Now | Nevada Unemployment Hits 9.1 Percent.

 

Nine out of 10 companies have put cost-cutting strategies in place — from hiring freezes to furloughs — in hopes of weathering the recession.

That’s according to a national survey released this week by Chicago-based job placement consultancy Challenger Gray & Christmas Inc.

via Survey: 90% of companies cutting costs – Boston Business Journal: .

 

- Municipal News -

 

* The Carroll County sheriff said Monday that five jail employees will be laid off as a result of an economic crunch.

Sheriff Dale Williams said the cuts will take effect in mid-February. Four part-time workers and one full-time worker will be laid off.

via Carroll County Jail Announces Layoffs - News Story – WTOV Steubenville.

 

* The Brandon Board of Aldermen has laid off 10 employees in several departments and cut six open positions.

via Aldermen in Brandon lay off 10 employees | clarionledger.com | The Clarion-Ledger.

 

* MONROE, N.C. — The sheriff in a North Carolina county is warning that layoffs of deputies could mean a slower response time in emergencies.

Union County Sheriff Eddie Cathey and the county commissioners would meet Tuesday to discuss the county’s $15 million budget shortfall due to the slumping economy, The Enquirer-Journal of Monroe reported.

County officials laid off 40 employees Friday and commissioners proposed laying off 11 deputies in the sheriff’s department.

via NC county layoffs includes sheriff’s deputies – NC Wire: Local & State – News & Observer.

 

 

- US and some Canada News -


 

corning* NEW YORK (Reuters) – Specialty glass maker Corning Inc (GLW.N) said its quarterly profit fell sharply due to a significant decline in demand for glass for televisions and computer monitors, and said it would cut about 3,500 jobs.

 

via Corning to cut 3,500 jobs – Yahoo! News.

 

corning1* The specialty glass maker Corning said Tuesday that its quarterly profit fell sharply because of a significant decline in demand for glass for televisions and computer monitors and that it would cut about 3,500 jobs.

 

 

oppenheimer

* DENVER – OppenheimerFunds announced Monday plans to reduce its workforce by less than 10 percent.

The asset management company currently employs more than 2,600 people and Jeaneen Pisarra, VP, director of media relations, says the layoffs will leave 225 people without jobs.

via 9NEWS.com | Colorado’s Online News Leader | OppenheimerFunds layoffs to hit Denver .

 

* PORTLAND, Ore. (AP) — Chainsaw and yard care product maker Blount International Inc. on Monday said it will permanently close its plant in Milan, Tenn., by the end of June, eliminating nearly 100 jobs.

via The Associated Press: Blount closing Tenn. plant, to eliminate 100 jobs.

 

* Lighting manufacturer Acuity Brands Lighting Inc. will close its Austin plant this spring, resulting in the lay-off of 34 workers.

via Acuity Brands Lighting closing Austin plant – Austin Business Journal: .

 

* GROVELAND | The dire economic situation that is forcing business closures across the country has hit home in South Lake County with the closing of a distribution center for a major retailing chain that is putting more than 100 people out of work.

via Over 100 Jobs Lost as Center Closes | theledger.com | The Ledger | Lakeland, FL.

 

virbec* Animal pharmaceutical and health care product company Virbac Corp. is closing its manufacturing facilities at 3200 Meacham Blvd. in Fort Worth — a decision that will result in the layoff off 44 employees, the company confirmed in a filing with the Texas Workforce Commission.

via Virbac Corp. to close Fort Worth facility - Dallas Business Journal: 

 

* Motoman has laid off about 40 Dayton-area employees, affecting work sites in Troy and at its West Carollton corporate headquarters, a company spokesman said Monday, Jan. 26.

via 40 lose jobs at Motoman.

 

bh* Baker Hughes, the world’s third-largest oil field services company, began cutting nearly 4 percent of its global work force today as lower oil and gas prices dampen demand for drilling and other services it provides.

The Houston-based company started laying off 1,500 of its 40,000 employees in a process that will likely stretch over a couple of weeks, said Gary Flaharty, the company’s director of investor relations.

via Baker Hughes will cut 1,500 jobs with 200 in Houston | Energy | Chron.com – Houston Chronicle.

 

* PARIS, Tenn. (AP) - Nobel Automotive of Paris, which makes hoses and tubing for cars, is laying off two-thirds of its work force.

Plant officials told The Paris Post-Intelligencer that 44 of its 66 employees will be laid off within the next 60 days because of the failing economy.

via WHNT, Huntsville AL News, Weather, Radar -Paris plant laying off 2/3 of work force.

 

* Wilson Sonsini Goodrich & Rosati P.C., one Silicon Valley’s most venerated law firms, said it is laying off 45 lawyers in a sign that the recession is tightening its grip on Bay Area firms.

The cuts, which largely affected practices tied to the capital markets, are equal to 6.5 percent of the firm’s legal head count.

The firm also laid off 68 staff members.

via Wilson Sonsini laying off 45 lawyers - San Francisco Business Times:

 

vudu* Movie rental set-top box maker Vudu has laid off 15 percent of its staff, we confirmed this afternoon. This brings the current Vudu employee headcount to roughly 50 people. Dave Zatz gave us a heads up, and we received the following statement from a Vudu spokesperson:

via Vudu Lays Off (Another) 15 Percent « NewTeeVee.

 

* To cope with shaky economic times, the Danville Museum of Fine Arts and History has temporarily laid of some employees and decided to close the gift shop.

via Danville museum closes gift shop, lays off workers | GoDanRiver.

 

hp* Hewlett-Packard Co. is in the process of laying off at least 150 Vancouver workers, and possibly more than 200, as it scraps its local Edgeline printer team and shrinks other engineering groups.

via HP cutting 150 to 200 jobs – Columbian.com.

 

johnsmanville* Another round of layoffs is on the way for two Waterville plants run by Johns Manville. One of the plants is located on Dutch Road and the other on River Road.

Nearly 100 employees at Johns Manville are preparing for indefinite layoffs set to begin on April first. We are told a majority of those cut will come from inside plant seven on Dutch Road were they make microfiber which is turned into fiberglass mats for roofing shingles

via Johns Manville plant layoffs – 1/27/09 – Toledo News – 13abc.com

 

breedloveBreedlove Guitar Co., the Bend-based guitar and mandolin manufacturer, cut five jobs, or 10 percent of its staff, last week, said Connie Hensley-Jones, controller. Breedlove, which makes 15,000 instruments annually and sells to customers around the world, is projecting flat sales in the U.S. this year, Hensley-Jones said. Forty-six workers remain, she said.

via Breedlove cuts jobs | Local & State News  | The Bulletin .

 

ashland* Ashland Inc. said Tuesday it lost $119 million in its first fiscal quarter, and plans to cut its work force by 1,300 jobs, freeze wages and adopt a two-week furlough program.

via Ashland posts 1Q loss, plans 1,300 job cuts - Forbes.com.

 

* BUTTE - The Montana Standard has laid off two full-time and four part-time employees as the paper’s owner consolidates circulation customer service.

via BillingsGazette.com :: Standard announces 6 layoffs.

 

* BRIDGEPORT — A northern West Virginia flat glass maker says it will lay off 75 percent of its work force this week because of the downturn in the automotive industry.

The 180 layoffs at AGC Flat Glass North America’s plant in Bridgeport will take effect Thursday.

via – Glassmaker to cut 180 of 240 workers at WVa plant

 

* The Ottawa Hospital is eliminating 61 health-care support jobs, most of which are in the health-records department, it was announced Monday.

Only 24 of the positions are filled by full-time employees. The rest are part-time workers.

via Ottawa Hospital cutting 61 jobs.

 

* Gevity HR said Tuesday that it is laying off about 10 percent of its staff as part of cost reduction measures aimed at saving the company approximately $19 million.

The Bradenton-based company, which provides payroll and human resources outsourcing services for about 6,000 client companies around the country, had 781 people on staff, according to Yahoo’s Finance site. Company officials said they would provide more details on layoffs and staffing later in the day.

via Gevity HR cuts staff by 10 percent | HeraldTribune.com | Southwest Florida’s Information Leader.

 

lecg* LECG Corp., which provides expert testimony and analysis, will cut 72 employees, close two offices and sell finance and accounting services operations in Milan.

via LECG announces layoffs, predicts quarterly loss - San Francisco Business Times: .

 

* Yanagawa of South Carolina Inc. has announced the temporary layoffs of the majority of its employees. The layoffs, which will affect 145 of the company’s 176 employees, will go into effect on March 2 and last through June 30 of this year, company officials said

via The Item – South Carolina.

 

* ASHBURN, Va. (AP) – The Washington Redskins have made a second round of layoffs, dismissing six employees in the stadium ticket office and four seasonal employees.

via Redskins lay off 10 in 2nd round of cutbacks | WNCT.

 

volvo* Volvo Trucks North America announced today that it is laying off 650 hourly employees from its plant in Dublin in Western Virginia because of declining demand.

The 650 workers’ last days on the job will be in March and April, said company spokesman Jim McNamara. Currently about 1,300 workers build Volvo trucks at the plant.

via 650 lose jobs at Volvo truck plant in Dublin | Richmond Times-Dispatch.

 

* CRANSTON – Cranston Print Works Co. plans to lay off about 75 workers, mostly in central Massachusetts, as its phases out a fabric-printing operation that dates back to 1824.

via Cranston Print to idle 75, mostly in Mass. – PBN.com – Providence Business News.

 

target1* Add Target Corp. to the list of companies laying off workers.

The second largest U.S. retailer said Tuesday that it will cut 1,500 jobs, most of them at its Minneapolis headquarters. The company started to notify workers of the cuts Tuesday, although the number of jobs affected is not yet known.

via Target to cut 1,500 jobs - Triangle Business Journal: .

 

* On Thursday, one of the customers of E.K. Machines announced a cutback in its operations.

Officials at E.K. Machines then announced layoffs Thursday and Friday of about seven part-time employees who were in training. Errthum said the layoffs are temporary, but it’s impossible to know for sure how long they will last.

via WiscNews.com : Beaver Dam Daily Citizen Online.

 

weyerh* It’s a waiting game for 140 employees at Weyerhaeuser’s oriented strandboard mill in Edson, AB. The company handed out 60-day notices to all hourly union employees at the facility, indicating they might find themselves without a job in two months.

A report by the Edson Leader confirmed that while the notices won’t necessarily result in layoffs, they have employees on edge.

via pulpandpapercanada.com – Pulp & Paper Canada – 1/27/2009.

 

* Elcoteq, an electronics manufacturing services company, will be initiating a mass layoff to deal with economic concerns, the company said in a “WARN” letter to the Texas Workforce Commission

via Elcoteq to cut 96 jobs – Dallas Business Journal: .

 

* Edlund, a Burlington-based company that develops and manufactures foodservice equipment, is laying- off seven full-time employees.

via Fox 44 – Burlington and Plattsburgh News, Weather and Sports – Fox44.net | Burlington: Edlund Co. Lays Off Workers.

 

amex* American Express has cut 46 jobs at its Linton call center.

The news was confirmed today by Stephen Feeley. He’s the director of communications for American Express Business Travel.

via American Express Cuts 46 Jobs in Linton, ND | KXNet.com North Dakota News.

 

* Of all the cost-saving measures announced by major U.S. publishers in past weeks, those at HarperCollins have until now been relatively mild. However, this morning, the company presented a voluntary retirement package to its U.S. employees, raising the possibility of future layoffs. According toPublishers Lunch, the offer applies only to employees over the age of 55 who have been with the company for more than five years, and for now does not affect Canadian workers:

via – HarperCollins offers voluntary retirement package to U.S. employees

 

basilea1 * Basilea Pharmaceutica is adding jobs in Europe and subtracting staffers in the U.S. as the developer positions itself to the conflicting regulatory responses it faces for a key new antibiotic. With a European approval likely for ceftobiprole, Basilea says it will add 100 jobs primarily in the EU to begin commercialization. But jobs in the U.S. are being cut after the FDA delayed an approval for the antibiotic.

via Basilea adding 100 jobs, prepares drug launch - FierceBiotech.

 

* RUMFORD, Maine — NewPage Rumford announced Tuesday that it was eliminating 130 jobs. They include 30 salaried and 100 hourly employees.

via Rumford Mill Announces 130 Layoffs – Portland News Story – WMTW Portland.

 

* The Missoulian announced today that it has laid off four employees and two others were told their jobs will end Feb. 13 as part of a workforce reduction.

via Missoulian: Missoulian announces layoffs: Posted on Jan. 27.

 

united-stationers* DEERFIELD–United Stationers Inc. Tuesday announced the layoff of 250 employees — or 4 percent of its workforce — as it “adjusts its cost structure in response to the challenging economic environment.”

About half of the positions eliminated will occur this week, according to a release from the Deerfield-based company.

via United Stationers to layoff 250 :: News Sun :: Business.

 

* The Waupaca foundry in Etowah announced today it is laying off 70 people according to ThyssenKrupp corproate spokesperson Matt Rhodes.

via 70 Lose Jobs in McMinn County | plant, people, rhodes – Local News – WTVC Newschannel9.com.

 

cooper-industries* Electrical products and tool maker Cooper Industries Ltd. (CBE: News ), Tuesday reported a slump in fourth quarter profit on charges related to job cuts and impairment related to investments. Cooper said it has doubled its workforce-reduction to more than 2,200, from the previously announced layoff of 1,000 employees, due to deepening deterioration in the economy. Cooper also provided first quarter and full-year 2009 estimates, expected to come in below current Street estimates.

via RTTNews – Latest Earnings,Upcoming Earnings, Pos Pre Announcements, Pos Pre Announcements , Positive Surprises, Negative Surprises, Hot Stocks, Stock Split Calendar, Stock Buybacks, Dividends, Negative, Positive PreAnnouncements,Surprises …. .

 

valeroThe near-term outlook has become so poor that Valero, a company which prides itself on avoiding layoffs, raised the possibility of scaling back its contractor workforce to cut spending. Valero is also trying to reduce its full- time workforce by combining redundant positions and offering early retirement or severance packages to employees.

“That process continues, especially in light of the reduction in capital projects we have announced,” said Day. The company does not have a specific target for workforce reduction, Day added.

A 10% cut to the company’s 5,000 contractors could provide a significant cost reduction on the order of $50 million a year, and is currently being considered, the company said.

via 2nd UPDATE:Valero Swings To Loss In 4Q On $4 Billion Goodwill Charge.

 

best-buyBest Buy Co. Inc., said Tuesday it will resort to involuntary layoffs at corporate headquarters, even though 500 workers agreed to voluntary layoffs earlier this month.

The Richfield-based retailer told corporate workers in an e-mail and in meetings Tuesday that an unknown number of employees will be laid off on Feb. 19. The laid off workers will remain employed with the company for 30 days, and will get a less generous severance package than those who volunteered to leave.

via Best Buy to lay off workers.

 

* WOODBRIDGE — The future of the prestigious 61-year-old Woodbridge Country Club is in doubt as more than a dozen staff members were let go Monday, and the owners plan to file for bankruptcy due to a multimillion-dollar debt, a board member confirmed Monday.

via Woodbridge CC lays off 12, plans to file for bankruptcy- The New Haven Register – Serving Greater New Haven, CT.

 

* The Division of Athletics and Recreation laid off seven full-time employees and three staff members have applied for the voluntary severance package offered by DU, saving the division $665,000 per year, according to Dan Van Ackeren, chief financial officer of Athletics and Recreation.

Thus far at least 111 staff employees have left DU under the severance and lay off initiatives instituted in November.

via Athletics cuts jobs – Sports.

 

* Saint Joseph’s College in Standish announced $1 million in budgets cuts today, including the elimination of 14 positions.

The cuts, which total 3 percent of the school’s overall budget, did not affect financial aid to students, according to the school.

via MaineToday.com | News Update: Saint Joseph’s College cuts 14 staff positions.

 

* The interim chief executive of Mercy Hospital in Devils Lake says the hospital is laying off about 20 people.

via Ap |  The Jamestown Sun  | Jamestown, North Dakota .

 

ppg* Jan. 27 (Bloomberg) — PPG Industries Inc., the world’s second-biggest paint maker, may cut as much as 10 percent of its workforce because of weak global demand from automakers and homebuilders, Chief Executive Officer Charles E. Bunch said.

PPG is eliminating fewer than 1,000 jobs under a restructuring plan announced in September and is considering boosting cuts to as many as 4,500 employees, Bunch said in an interview today in New York.

via Bloomberg.com: U.S..

 

fifth-third* GRAND RAPIDS, Mich. (WOOD) – Fifth Third Bank eliminated 46 jobs in the West Michigan area, though those people can apply for 58 open positions within the company.

via 5 3 eliminates jobs in West Michigan.

 

* Hancock Fabrics Inc (HKFI.PK) said on Tuesday it would cut about 30 corporate and store support positions, or about 9 percent of its corporate workforce, and take other actions to lower expenses.

via UPDATE 1-Hancock Fabrics cuts jobs, benefits to save cash | Markets | Markets News | Reuters .

 

At least 10 Gaston County residents were among 171 complaints sent to the Better Business Bureau after L.A. Weight Loss Center abruptly closed 10 locations in the Charlotte area last month, according to BBB spokeswoman Janet Hart.

via Job losses, layoffs continue in Gaston | clinic, medical, company – Local Business – Gaston Gazette.

 

hutchinson-technologyMinnesota-based Hutchinson Technology Inc. announced today an additional 100 layoffs at its Eau Claire manufacturing facility.

via Leader-Telegram Online.

 

Mike: I like the word “displaced” since it sounds so much better than laid off, or at least that seems to be the reason you would use that word to describe a layoff

Le Sueur Inc. Human Resources Director Paul Johnson said the firm “displaced” 110 employees last week, the company’s largest-ever workforce reduction.

via The Free Press, Mankato, MN – NEW: Le Sueur Inc. has layoffs.

 

* Columbia Flooring Inc. will lay off employees at its manufacturing plant in Danville.

The workplace reductions will “take place as the company manages production to parallel consumer demand,” according to a written statement from the company.

A representative declined to provide details about the layoffs when contacted by phone Tuesday.

via Columbia Flooring to lay off workers | GoDanRiver.

 

* The economic downturn has led to fewer work weeks at the largest private employer in the Northeast Kingdom.

- Ethan Allen Furniture is scaling back production at its plants in Orleans and Beecher Falls.

via WCAX.COM Local Vermont News, Weather and Sports-Ethan Allen Cuts Work Week.

 

* As part of its effort to get back on track financially, Crystal Cathedral laid off an unknown number of staff last week, including the church’s executive pastor and the pastor of its Hispanic ministry.

via Crystal Cathedral Lays Off Staff, Sells Land| Christianpost.com.

 

nissan* Nissan Motor Co (7201.T) plans to cut 110 white-collar jobs and will close a Detroit-area design studio, the automaker said on Tuesday.

via Nissan to cut 110 U.S. jobs, close design studio | Reuters .

 

russell-investments* Russell Investments, downtown Tacoma’s largest private employer, will cut about one out of five jobs worldwide this year as part of a cost-cutting drive, the company said today in a statement on its Web site.

The statement cited the “global financial environment,” noting that “Russell is not immune to the changed environment and is actively taking steps to reduce expenses.”

Russell has 1,100 employees in Tacoma and another 1,000 employees in 20 offices across the globe, a spokeswoman confirmed, so the layoff will affect more than 400 employees.

via Business & Technology | Russell Investments cutting 20% of staff | Seattle Times Newspaper.

 

* A Rowan County company that transports newly-made trucks plans to lay off up to 100 workers by March 16, anticipating a dropoff in business from the nearby Freightliner plant, according to a notice filed with the N.C. Department of Commerce.

Auto Truck Transport of Cleveland said the cutbacks are necessary because Daimler Trucks North America – Freightliner’s parent company – plans to cut heavy truck production at its Cleveland plant by 50 percent this spring.

via Rowan plant cutting up to 100 jobs | CharlotteObserver.com.

 

mitsubishi* Jan. 27 (Bloomberg) — Mitsubishi Motors Corp. said it will halt production at its Normal, Illinois, factory for 12 weeks, 5 weeks more than initially planned, to help dealers cut inventory as U.S. auto sales slow.

via Bloomberg.com: Japan.

 

Several Plano ISD employees will lose their jobs under a plan to reduce the district’s multimillion dollar budget deficit.

School board members voted last week to approve a reduction in force that’s estimated to save Plano ISD $1.5 million. Under the plan, the layoff would target employees in two departments: elementary advanced academic services and library/media services.

via Plano school district to cut staff due to multimillion dollar budget deficit 2:07 PM CT | News for Dallas, Texas | Dallas Morning News | Breaking News for Dallas-Fort Worth | Dallas Morning News .

 

 


- International News -

 

 

* THE world’s biggest lead and zinc mine closed yesterday despite a promise that its $120 million expansion will be allowed to go ahead.

More than 300 workers were laid off at the operation near Borroloola.

via 300 mine workers laid off – Northern Territory News.

 

* LONDON (ICIS news)–Clariant on Tuesday said it planned to cut 1,000 jobs to reduce costs during the downturn as the Swiss specialty chemicals company reported a 5% drop in sales for the full year 2008.

via 96FM.

 

clarientClariant also said it would axe additional thousand jobs, mainly in the SG&A area, to substantially decrease personnel costs. This is in addition to the about 2,200 job cuts announced in 2006 and almost completed by the end of 2008. The clear focus of the company would be on cash generation in 2009.

via RTTNews – Breaking News, financial breaking News, Positive EPS Surprises, Stock research …. .

 

MORE THAN 4,000 workers at the Bataan and Cebu plants of Japanese electronics maker Mitsumi had lost their jobs, the Trade Union Congress of the Philippines (TUCP) said yesterday.

via BusinessWorld Online: Mitsumi fired more than 4,000 workers — TUCP.

 

* AMSTERDAM, Jan 27 (Reuters) – Amsterdam airport operator Schiphol Group [SCHP.UL] said on Tuesday it would cut 10 to 25 percent of its 2,200 workforce as a result of a strong decline in traffic and increased international competition.

via Schiphol airport to cut up to 25 pct workforce | Industries | Industrials, Materials & Utilities | Reuters .

 

scapa-group* Scapa Group Plc, the Ashton-under-Lyne-based adhesive tapes maker, today said it was cutting 11 per cent of its workforce after year-on-year sales slumped 34 per cent in December.

via Scapa cuts 11 per cent of workforce after sales slump – Crain’s Manchester Business .

 

* Bulgarian bathroom fixtures manufacturer Ideal Standard Vidima is screening its workforce as it seeks to slash 150 jobs by the end of the month, executive director Krasimir Kolchev said.

The job cuts will hit all departments of the Sevlievo-based plant, with work quality, discipline and education among the selection criteria.

via Ideal Standard, Korado cut jobs – Business news.

 

- Hiring News -

 

* SingleSource Property Solutions will lease just over 30,000 square feet of space at the Southpointe office park in Washington County with plans to add up to 50 staff members.

In February the company will move into the space at the Stealth Technology Center, at 333 Technology Dr., from its current headquarters in Upper St. Clair. The move will result in a doubling of the company’s headquarters space.

via SingleSource moving to Southpointe, hiring 50 – Pittsburgh Business Times: .

 

* With our unemployment number the highest it’s been in several decades, thousands of Nevadans are desperately searching for jobs.

But there is some good news on the job front: the U.S. Census Bureau is looking to hire hundreds of temporary workers here in southern Nevada. News 3’s Maria Silva has more on the recruiting efforts and why the census count is so important to Nevada.

via U.S. Census Bureau hiring in Nevada.

 

Mike: This  was actually a better day than yesterday, but there were still a number of large layoff announcements, including Corning and Target. It would be a good sign if the improvement continues throughout the week. We can hope anyway.  Until tomorrow, I’ll leave you with  a laugh……..

 

 

Mike Luckovich - Jan 27

Mike Luckovich - Jan 27

 

 

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January 26 – CAT to dump 20,000 – Sprint to disconnect 8000 jobs – ING withdraws 7,000 jobs – Lights out for 6000 at Phillips – Pfizer/Wyeth to cut 8000 jobs – Home Depot to ax 7000 jobs – GM slashes 2000 more – IBM chopped at least 1400 – Lincoln Financial exits 540 – TI to delete 3400 – 1500 less at Baker Hughes

Mike: This week is shaping up to be tough for job losses as CaterpillarING GroupSprint, Pfizer,  Home Depot,  Philips , and Texas Instruments  have already announced thousands of job cuts today.  This is also a big week for economic reports and those readings will indicate if the recession is getting worse, or if it is slowly improving. The majority seem to think that the readings will reflect a weakening economy. 

 

Somebody was working this weekend to make sure thousands of other people didn’t.

US companies announced they’re cutting 45,000 jobs by 9 am Eastern Time on Monday morning, even before the US stock market opened, according to a quick count by Raw Story.

via The Raw Story | US companies cut 45,000 jobs even before stock market opens.

 

 

Microsoft/Google/IBM/Yahoo  News & Rumors -

 

yahoo* When the Sunnyvale, Calif.-based company reports earnings Tuesday, “it might not be a disaster,” says Sanford C. Bernstein analyst Jeffrey Lindsay. But the company’s fourth-quarter profit is expected to be down from last year, due mainly to an anemic online advertising market. That’s where Yahoo! gleans most of its revenue.

via Yahoo! Profits Likely Down, More Layoffs Possible - Forbes.com.

 

yahoo1* Yahoo Leaks And More Cuts Could Loom

ADOTAS — Yahoo will be releasing its Q4 results tomorrow, with analysts expecting a revenue and profit drop.

While Yahoo’s search will still be strong, display advertising,  its main business,  is expected to show the biggest dip. Despite massive layoffs, ‘giddy like school girls’ investors will want more cost cutting and a clear plan to win back market share from Google and others. It’s unlikely that they will get that tomorrow.

via Yahoo leaks and more cuts could loom » Adotas.

 

ibm* Jan. 26 (Bloomberg) — International Business Machines Corp., the world’s biggest computer-services provider, cut at least 1,400 sales jobs last week to trim costs as customers reduce spending.

The firings took place in the sales and distribution unit, according to a copy of a Jan. 21 separation agreement sent by Lee Conrad, national coordinator for the Alliance for IBM. The organization, which is seeking union recognition at IBM, said similar cuts probably were made at the company’s software unit.

via Bloomberg.com: Worldwide.

 

* The global economic slump has seen the share prices of Google and Microsoft fall significantly as demand has dropped for their products.

 

more about “BBC NEWS | Business | Tech giants hit…“, posted with vodpod

 

 

- General Economic News -

 

Mike: This weeks economic numbers include:

 

Mike: Both reports came in better than expected, but with caveats: Home prices plunged, which is great if you’re buying but bad if you’re selling or trying to get a home equity loan. The LEI number was better only because the fed pumped more money into the system. 

* Update: NEW YORK (AP) — A flood of federal bailout money pushed a private research group’s monthly forecast of economic activity unexpectedly higher in December, while a decline in home prices boosted housing sales.

- Existing home sales rose 6.5 percent in December to an annual rate of 4.74 million units, as the median home sales price plunged 15.3 percent to $175,400 from $207,000 a year ago. The decline is the largest year-over-year drop in records going back to 1968.

Separately, the New York-based Conference Board’s monthly forecast of economic activity increased 0.3 percent in December. Economists surveyed by Thomson Reuters had expected a 0.3 percent decline.

- If the jump in the money supply had been excluded, the index would have dropped a hefty 0.6 percent in December, said Ian Shepherdson, chief U.S. economist at High Frequency Economics in Valhalla, N.Y.

With most components falling steeply, the Conference Board said unemployment could rise to 9 percent from 7.2 percent as the country remains in an intense recession through spring.

via Leading economic indicators, home sales rise – Yahoo! Finance.

 

* Jan. 26 (Bloomberg) — More U.S. companies project they’ll pare staff in the next six months as pessimism mounts the economy will contract this year, according to a survey by the National Association for Business Economics.

The poll’s net employment reading fell to a minus 22 this month, the lowest level since 2001, from minus 15 in the previous survey in October, the report showed today. More than three- fourths of the participants forecast the economy will shrink this year, twice as many as in the last survey.

via Bloomberg.com: Worldwide.

 

* Raleigh | The number of North Carolina workers who want a job but can’t find one remains at an all-time high, with nearly 400,000 of the state’s residents out of work, according to statistics released Friday.

The jobless rate hit 8.7 percent in December – the highest level since the recession of the early 1980s, when the rate reached 9 percent in June 1983. The national unemployment rate was 7.2 percent, marking the 11th straight month North Carolina’s rate was above the national average, according to the Employment Security Commission of North Carolina.

via N.C. unemployment in December rises to 8.7 percent | StarNewsOnline.com | Star-News | Wilmington, NC.

 

* For the second time in five years, the state Unemployment Insurance Trust Fund is set to go broke – big time broke.

The fund that pays benefits of up to $450 a week to the jobless sank into the red for the first time in its 60-year history in 2004. California borrowed $214 million from the federal government to continue paying benefits.

via California unemployment fund nearly out of money - Sacramento News – Local and Breaking Sacramento News | Sacramento Bee.

 

* The gusher of venture funds that flowed into the biotech field thinned significantly in the fourth quarter of last year. With risk-taking out of fashion, VC investments plunged 33 percent in the last three months of 2008. And biotech investing dropped 31 percent, according to a report from PriceWaterhouseCoopers, the National Venture Capital Association and Thomson Reuters.

via Biotech witnesses deep plunge in venture investing – FierceBiotech.

 

* US President Barack Obama has called for US energy independence, saying global warming and reliance on foreign oil posed threats.

via BBC NEWS | Video and Audio.

more about “BBC NEWS | Video and Audio“, posted with vodpod

 

 

- Municipal News -

 

* BOSTON — For the people who put together budgets that oversee everything from police patrols to garbage collection to schools, this will be a momentous week.

Gov. Deval Patrick has a Wednesday deadline to file two documents that could reverberate in local government circles for years.

He must file a plan to close a $1.1 billion budget shortfall this fiscal year — something he has said will include $128 million in midyear cuts to local aid. He also will file a proposed budget for fiscal 2010 on Wednesday, with even deeper cuts — $375 million — to cities and towns.

via SouthCoastToday.com: Patrick set to outline cuts.

 

*BATAVIA — Declining budgets and a pay raise requirement have led to layoffs at the Clermont County Jail.

Sheriff A.J. Rodenberg said Monday that four jail officers will be laid off in March and a 32-bed cellblock will be shut down.

via Clermont Co. To Lay Off Jailers, Shut Down Cellblock – Cincinnati News Story – WLWT Cincinnati.

 

* The Phoenix City Council next week will consider budget cuts for Phoenix Sky Harbor International Airport.

The airport plans to cut close to $16 million during the 2009-2010 budget year, which begins July 1, while cutting 47 positions.

via Sky Harbor plans cuts, longer wait times for you? – Phoenix Arizona news, breaking news, local news, weather radar, traffic from ABC15 News | ABC15.com .

 

 

- US and some Canada News -


ing* Jan. 26 (Bloomberg) — ING Groep NV, the biggest Dutch financial-services company, said it will cut 7,000 jobs and replace Chief Executive Officer Michel Tilmant after reporting a second consecutive quarterly loss.

The job cuts, equal to 5.4 percent of the workforce, are part of a plan to reduce operating expenses by 1 billion euros this year, Amsterdam-based ING said today in a statement distributed by Hugin. Supervisory board Chairman Jan Hommen, a former chief financial officer at Royal Philips Electronics NV, will succeed the 56-year-old Tilmant.

via Bloomberg.com: Worldwide.

 

ing1* PARIS — In the latest wave of retrenchment by global banks, ING Group, the Dutch financial services company, said Monday that it would cut 7,000 jobs this year and that its chief executive would step down as it seeks government guarantees for toxic mortgage debt.

 

phi1Philips, the Dutch consumer electronics and medical giant, announced plans today to cut 6,000 jobs worldwide this year after reporting its first quarterly loss for almost six years.

The company suffered a net loss of €186 million (£176 million) for 2008 after a fourth quarter loss of €1.47 billion, partly because of a writedown in the value of its Lumileds diode light unit. In 2007, it reported a net profit of €4.16 billion.

Gerard Kleisterlee, the president and chief executive, said that the fourth-quarter losses, the first quarterly loss since the first quarter of 2003, reflected “the unprecedented speed and ferocity with which the economy softened in 2008″.

via Philips to cut 6,000 jobs as slowdown bites – Times Online .

 

phi3* Philips is feeling the pinch of the recession, announcing a huge dip in profits, and the sacking of 6,000 employees over the next year.

The Dutch electronics giant says its net loss for 2008 has hit £175 million, following a slump in demand for its products.

The job losses will take effect worldwide, and are due to be staggered over the next year.

via Philips cuts 6,000 jobs as profits plunge | Electricpig.

 

pfi1* NEW YORK (AP) — Pfizer Inc., the world’s largest drugmaker, will pay $68 billion for rival Wyeth in a move that will consolidate two of the industry’s largest drug developers.

The deal comes as Pfizer’s profit takes a brutal hit from a $2.3 billion legal settlement over allegations it marketed certain products off-label, or for indications they are not yet approved. The New York-based company is also cutting 10 percent of its work force, slashing its dividend, and reducing the number of manufacturing sites.

via The Associated Press: Pfizer to buy Wyeth for $68 billion, cut jobs.

 

pfi* Pfizer will acquire rival Wyeth for $68 billion, the companies said Monday.

The boards of directors of both companies have approved the deal.

Pfizer also said it would cut more than 8,000 jobs to cut costs in anticipation of cholesterol drug Lipitor losing patent protection in 2011. Pfizer said it would cut 10 percent of its staff and close five of its manufacturing plants but did not specify which ones.

via Pfizer to buy Wyeth for $68B, cut 8,000 jobs – New Mexico Business Weekly: .

 

* Minnesota State College-Southeast Technical has begun trimming its budget — including laying off staff — in anticipation of cuts to its state funding.

Despite increasing enrollment, largely because laid-off workers are attending the school, the school eliminated six positions, which accounts for about 2 percent of its workforce, said Southeast Tech President Jim Johnson

via MSC-ST trims budget with six layoffs : Winona Daily News.

 

* Healthcare firm Intercytex Group Plc (ICX.L: Quote, Profile, Research) said on Monday it would cut about half of its 76 staff in the UK and the United States, and halt new projects to save cash, sending its shares down as much as 36 percent.

via UPDATE 1-Intercytex to cut 50 pct jobs to stay afloat | Markets | US Markets | Reuters .

 

* NORFOLK, Va. – Children’s Hospital of The King’s Daughters has laid off 28 workers and cut 90 vacant positions in a move to offset revenue losses and declining Medicaid reimbursements.

via Norfolk hospital lays off 28; 90 vacant jobs cut -- dailypress.com.

 

cat* The heavy equipment maker, Caterpillar, said Monday morning in a statement that it planned to cut 20,000 jobs from its work force as the economy continues to slow.

The company said that it also planned to closely examine all of its costs and spending.

“We have initiated actions which will remove about 20,000 workers from our business and every indirect spend dollar will be heavily scrutinized,” Caterpillar said in a statement.

via Caterpillar Moves to Cut 20,000 Jobs – NYTimes.com.

 

spr* Sprint Nextel will cut 8,000 jobs as the company seeks to preserve cash among growing customer losses.

Additional moves reportedly being considering include shifting thousands more Sprint workers to other companies in outsourcing contracts, but the company didn’t make any announcements on that point Monday.

via Sprint cuts thousands of jobs – Update | Sprint Connection | News and views on Sprint Nextel.

 

hd2* ATLANTA (AP) — Home Depot Inc. says it’s cutting 7,000 jobs and closing its smaller Expo chain as the recession continues to batter the nation’s housing market.

The nation’s largest home improvement retailer says the cuts announced Monday morning will affect about 2 percent of its work force.

via Home Depot to cut 7,000 jobs, close Expo chain – Yahoo! Finance.

 

gm*Jan. 26 (Bloomberg) — General Motors Corp. said it will eliminate shifts in the second quarter at plants in Ohio and Michigan, eliminating about 2,000 jobs, and cut production at 13 other plants in the U.S. and Canada as U.S. sales drop further.

The Detroit automaker, which already closed most of its 22 plants in North American this month because of slow sales, is taking the additional steps into next quarter after GM cut its estimate for U.S. sales this year to 10.5 million, GM spokesman Chris Lee said. The automaker doesn’t have an estimate yet of total vehicle production cut.

via Bloomberg.com: Worldwide.

 

ns* SKOKIE, IL – NorthShore Skokie Hospital plans to eliminate 150 full-time jobs, or nearly 14 percent of its workforce, in the next two months.

via Hospitals & IDNs | Healthcare Finance News.

 

altAltus Pharmaceuticals Inc. will cut 107 jobs and discontinue the development of its Trizytek drug efforts due to “financial constraints” and a desire to focus on the company’s growth-hormone research.

via Altus to cut 107, end Trizytek efforts – Boston Business Journal: .

 

kalKalitta Air is laying off an undisclosed number of contract workers and other employees, according to news reports.

The airfreight and maintenance company cut approximately 200 jobs in December.

via Journal of Commerce Online — Kalitta Air cuts more jobs.

 

fm* Sources tell KTTC NewsCenter that automotive supplier Federal-Mogul has laid off at least four dozen hourly employees, many just in the past week and a half.

via KTTC Rochester, Austin, Mason City News, Weather and Sports -Federal-Mogul layoffs hit Lake City.

 

mer* Cabinet manufacturer Merillat will lay off 70 employees at the Culpeper facility today — more than 20 percent of the plant’s workforce — as direct result of the poor economy, a company spokeswoman confirmed.

via Merillat cutting 70 jobs today | Culpeper Star-Exponent.

 

ups* UPS Airlines is laying off about 60 mechanics throughout the United States next month and many of them could come from the Louisville work force, a spokesman said today.

via UPS laying off about 60 aircraft mechanics nationwide | courier-journal | The Courier-Journal.

 

iw* He said layoffs should help offset falling sales somewhat, but added in a client note that “given the severity of the slowdown, lack of visibility as well as risk of increase in customer delinquencies … we are taking a more cautious view and stepping to the sidelines.”

via InnerWorkings shares tumble after downgrade – Forbes.com.

 

hf* The plant’s 600 employees have felt the pressure of downsizing. There have been about 40 layoffs in the last three months, said union chairman Fred Cotraccia. Those layoffs were due to the sluggish economy, Martynec said. He said it’s too soon to say whether there will be more layoffs.

via Hickey-Freeman stays open as parent company files for protection | democratandchronicle.com | Democrat and Chronicle.

 

lf* Lincoln Financial will cut about five percent of its staff or about 540 jobs, including an unknown number in Greensboro, according to a company spokesman.

via Lincoln Financial to cut more jobs – The Business Journal of the Greater Triad Area: .

 

baBrooks Automation Inc. plans to cut 350 jobs, or 20 percent of its work force, to bring down costs, the company said Monday.

via Brooks Automation to cut 20 percent of work force – Forbes.com.

 

fp* FairPoint Communications Inc. (FRP) confirmed today it has laid off 56 people, or less than 1.5 percent of its workforce.

Employees across the country – from Washington state to Maine – were affected by last week’s layoffs, said Rose Cummings, vice president of corporate communications for FairPoint. Only legacy markets were affected, not the landline regions FairPoint bought from Verizon Communications Inc. in early 2007 for $2.3 billion.

via FairPoint Confirms Dozens of Job Cuts.

 

ih* Integris Health officials Tuesday said they have laid off 73 of the company’s roughly 9,000 statewide employees in an effort to reduce expenses because of the nation’s economic downturn.

via AdaEveningNews.com – Ada, Oklahoma – Integris Health lays off 73.

 

fc3* Austin-based Freescale Semiconductor Inc. plans to cut 90 local jobs in March at its Oak Hill and Parmer Lane campuses.

via Freescale to cut 90 jobs in March | Statesman Business Blog.

 

bg* BRISTOL, Conn. (AP) — Aerospace and industrial component maker Barnes Group Inc. said Monday it has sold one business and is cutting output and laying off staff in two of its remaining segments to achieve annual savings of about $40 million.

Barnes, which also is freezing the pay of its salaried workers, did not disclose the number of staffers being laid off. Last year, the company reduced its payroll by about 800 to some 5,700.

via Barnes Group Sells Unit, Cuts Output .

 

gm1General Motors plans to end production of the Cadillac XLR, which is made at the General Motors Bowling Green Assembly Plant.

The company anticipates production will cease this spring, impacting about 40 employees at the plant, said Sharon Basel, communications manager for General Motors.

via Cadillac Drops The XLR Closing Assembly Line March 1st - AutoSpies Auto News.

 

boeThe Boeing Co. is laying off  71 workers in Orange County this month, according to records filed with the state. Seven of the positions are at its Anaheim facility and 63 are in Huntington Beach.

via Boeing cutting back 71 jobs in O.C. – Handling Hard Times – OCRegister.com.

 

ti* Texas Instruments Inc. will lay off 1,800 workers and offer buyouts to an additional 1,600 to cut costs amid a brutal drop in demand for the chips it makes.

Word of the cuts, which will reduce the Dallas-based company’s headcount by 12 percent, came along with news that one-time charges had pushed fourth-quarter profits to just $107 million or 8 cents a share.

via Texas Instruments to cut 3,400 jobs | News for Dallas, Texas | Dallas Morning News | Latest News .

 

* SHEBOYGAN – A Sheboygan auto parts manufacturer announced Monday that it will be laying off nearly 300 employees.

JL French Automotive Castings, Inc. says the move is directly connected to the recent cutbacks by domestic automakers and follows an extended holiday shutdown at the company.

via Sheboygan manufacturer cuts 300 jobs.

 

fox* News Corp.’s Fox Interactive Media digital division is laying off about 5% of its work force, or about 100 people, amid continued cost-cutting efforts, according to a person familiar with the situation.

via Layoffs at Fox Interactive Media – Digits – WSJ.com.

 

 

* Wilson Sonsini Goodrich & Rosati has become the latest US firm to announce it is making layoffs, with job cuts totalling 113 employees.

via Wilson Sonsini blames downturn for 113 layoffs – 26 January 2009.

 

* LAPORTE — Another company in our area announced layoffs Monday. Aero Metals in LaPorte said economic challenges forced it to cut more than 80 part-time and full-time employees. The company’s CEO hopes the cuts are temporary.

“There have been a couple of times that I thought it was pretty bad,” said Jim Fleming, CEO of the company. “But this one takes the cake.”

Fleming says 81 full- and part-time workers were eliminated, a move he hopes is temporary.

via LaPorte’s Aero Metals lays off 81 just months after business boom | WSBT South Bend – Your Local News Leader | Local News .

 

qs* Apparel maker Quiksilver Inc (ZQK.N: Quote, Profile, Research) said it will slash 200 jobs to cut costs in a worsening retail environment.

via UPDATE 1-Quiksilver to cut 200 jobs | Markets | US Markets | Reuters .

 

bh1* Baker Hughes, the world’s third-largest oil field services company, began cutting nearly 4 percent of its global work force today as lower oil and gas prices dampen demand for drilling and other services it provides.

The Houston-based company started laying off 1,500 of its 40,000 employees in a process that will likely stretch over a couple of weeks, said Gary Flaharty, the company’s director of investor relations.

via Baker Hughes will cut 1,500 jobs with 200 in Houston | Energy | Chron.com – Houston Chronicle.

 

 

 

- International News -

 

corus* Steelmaker Corus is set to cut 3,500 jobs worldwide, including more than 2,000 in the UK, the BBC understands.

 

more about “BBC NEWS | Business | Corus set to cu…“, posted with vodpod

 

* Thousands of Japanese car workers will soon draw part of their pay from the government under a scheme to prevent redundancies at companies hit by production cuts.

Mazda and Mitsubishi Motors, respectively Japan’s fifth and sixth biggest carmakers, have applied for the employment adjustment grants, according to industry officials, and others may follow soon.

The grants are available to struggling manufacturers of all types but the particularly sharp downturn in the car sector, combined with a recent expansion of the programme, has made carmakers eligible for large levels of support.

via FT.com / Companies / Automobiles – Tokyo to help pay car workers’ salaries .

 

* NEARLY 100 jobs are under threat at a Gwent car parts plant, a union says.

The Cwmfelinfach-based Mollertech company is consulting on making 99 redundancies, according to the Community union, which is representing workers at the site.

via 100 jobs could go at Gwent auto plant (From Campaign Series).

 

* The German memory chip-maker Qimonda has filed for bankruptcy protection just a month after receiving a 325m euro ($416m; £307m) rescue package.

via BBC NEWS | Business | German chip-maker goes bankrupt.

 

* More jobs are set to be axed from Palmerston North communications firm Sitel, stoking fears the city’s call centre industry is in terminal decline.

Sitel did not return calls yesterday, but the Engineering Printing and Manufacturing Union (EPMU) confirmed the company was reviewing its 111 call centre operations and jobs would be shed.

via Call centre layoffs spark decline fears - Local News – Manawatu Standard .

 

* Jan 26 (Reuters) – Non-woven fabric maker Fiberweb Plc (FWEB.L) said on Monday it would cut about 150 jobs, close a loss-making plant, cease production at another and lower spunbond production to reduce costs as it restructures its European operations.

via UPDATE 1-Fiberweb to restructure European ops, cut 150 jobs | Reuters .

 

* DUBLIN, Jan 26 (Reuters) – Royal Bank of Scotland’s (RBS) (RBS.L) Irish unit, Ulster Bank, said on Monday it was merging with its sister lender First Active resulting in the loss of up to 750 jobs.

via UPDATE 2-Royal Bank of Scotland to cut 750 Irish jobs | Industries | Financial Services & Real Estate | Reuters .

 

* NASSAU, Bahamas (AP) — A big Bahamas resort says it has laid off nearly a fifth of its employees as the world economic crisis slashes tourism across the Caribbean.

A statement from the Westin and Sheraton Grand Bahama Our Lucaya Resort says 181 employees, or about 18 percent of its beachfront workforce, have been let go.

via The Associated Press: Bahamas resort lays off 181 as crisis cuts tourism.

 

* Troubled furniture chain Land of Leather is to close 33 stores with the potential loss of 95 jobs, administrators said.

via icRenfrewshire – 33 Land of Leather stores to close.

 

* In addition to closing ten magazines, Kalev Meedia also laid off people working for the TC-channel Kalev Sport and news portal http://www.kalev.ee, aripaev.ee reports.

150 of Kalev Meedia’s 200 employees will be laid off, 11 out of 30 people on Kalev Sport will stay working.

via balticbusinessnews.com - Kalev Meedia to lay off 150 employees .

 

A further 36 branches of struggling childrenswear chain Adams have been closed with the loss of 267 jobs, administrators said.

PricewaterhouseCoopers (PwC) said 62 jobs have also been cut at the company’s head office in Nuneaton.

via The Press Association: 36 more Adams stores shut.

 

- Hiring News -

 

* CHEYENNE — Despite increasing unemployment rates and news of layoffs in Laramie County, many companies are still hiring.

In fact, there continues to be a variety of job openings, Joan Evans, the director of the Wyoming Department of Workforce Services, said.

Most of them are in areas like management, clerical, medical and trade positions, Evans added.

via Wyoming Tribune Eagle Online : Attention job seekers: Many places still hiring.

 

Mike: Monday was a brutal day for layoffs. I think this is the worst job loss day that I have posted over the last two months. Hopefully the news gets alittle better as the week progrsees. On that optimistic note, let’s end today with a laugh………..

 

 

Mike Luckovich - Jan 26

Mike Luckovich - Jan 26

 

 

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January 24, 25 – Weekend Update: IBM confirms layoffs – BNSF derails 2500 jobs – BNY starts layoffs in PIT – Air Canada departing with 345 less jobs – Caterpillar dumps 140 – Arctic Cat ices 100 jobs – Therma-Tru exits 220

Mike: Since the list of layoff announcements is getting larger by the day, I’ll do a weekend update instead of adding the weekend’s announcements to the Friday list.

-

Microsoft/Google/IBM News & Rumors -

 

* SAI called IBM earlier this week about the reports, and was told the company doesn’t comment on “speculation.”

But at least one spokesman in IBM Canada has finally gone on the record.

itbusiness.ca: IBM Canada spokesman Mike Boden confirmed on Friday to CDN that a round of layoffs is underway at IBM, including at IBM Canada. According to Boden, no exact numbers on the scope of the cuts are being released at this time.

via IBM Finally Admits: Yes, We’re Laying People Off (IBM).

 

* IBM Canada spokesman Mike Boden confirmed on Friday to ITBusiness.ca that a round of global layoffs is underway at IBM, including at IBM Canada. According to Boden, no exact numbers on the scope of the cuts are being released at this time.

“We’re not releasing numbers by site,” said Boden. “There’s no single area being targeted. As part of ongoing business operations at IBM we’re trying to manage the resources and skills we have so we’re ready and able to meet current and future client needs.”

via IBM Confirms Layoffs – PC World.

 

* Lee Conrad, a former IBM employee who now is national coordinator of Endicott, N.Y.-based Alliance@IBM, said the layoffs currently appear to be happening primarily in two IBM units: its software group, and its sales and distribution operations. But Conrad said he expects the cuts to spread to other units in the coming weeks……..

Unlike Microsoft, Sun and other technology vendors that have announced layoffs recently, IBM is being reticent about describing its workforce actions and the reasons for them. “We are not going to discuss specific numbers or locations,” IBM spokesman Doug Shelton said in a statement, adding that company officials expect some of the affected workers to find other jobs within IBM and that they’re “helping them with that effort.”

via Union: IBM layoff count nearing 3,000 this week.

 

* Severance and benefits for laid off Microsoft employees

Posted by Benjamin J. Romano

Microsoft is trying to ease the blow of layoffs to 1,400 people who were notified today. Their job responsibilities end Friday and, according to a WARN notice filed with the state, their layoff will be official on March 23. “The adjustments announced today impact Microsoft’s global operations, so employee Notification and the last day for individuals outside of the US will vary based on local laws,” a spokeswoman said in an e-mail.

via Microsoft Pri0 | Severance and benefits for laid off Microsoft employees | Seattle Times Newspaper Blog.

 

* Senator: Microsoft should cut foreign guests before Americans

In a letter made public today, Sen. Charles Grassley of Iowa addresses Microsoft’s layoffs and asks CEO Steve Ballmer to give Americans preference over foreign guest workers brought to the country under the H-1B visa program.

via TechFlash: Seattle’s Technology News Source.

 

* Microsoft should have made deeper cuts, analysts contend

The unprecedented layoffs and other cutbacks announced yesterday by Microsoft haven’t appeased Wall Street. Microsoft shares are down more than 6 percent since the news came out, and some analysts assert that the company needed to go much further.

“We believe the negative stock reaction may have had more to do with a head-fake regarding expense control than the weak results,” JP Morgan analyst John DiFucci wrote. “Management discussed the need to concentrate on running the organization more efficiently through expense reductions, but net/net, there were none. Operating expenses will increase in the second half from a year ago.”

via Microsoft should have made deeper cuts, analysts contend – TechFlash: Seattle’s Technology News Source.

 

 

- General Economic News -

 

Mike: It doesn’t take a rocket scientist to determine that if you are making $300 a week in unemployment benefits, you aren’t going to be able to afford family health insurance at a cost of $800 – $1000 a month. If any readers of  this blog have had difficult times paying for health care while laid off, please post them to the comments section. I’d like to start a campaign to send to our clueless leaders that keeping health insurance when laid off is difficult for all and impossible for many.

Only about one in 10 workers who lose their job opt to keep their employer-sponsored health insurance through the safety-net program COBRA, most likely because the premiums are too expensive, according to an analysis released Friday by the Commonwealth Fund, a private foundation that supports independent research on health care issues.

Experts worry that the highest unemployment rate in 16 years, combined with a health care system dependent on employer-sponsored health insurance, is a recipe for disaster, and will swell the ranks of the uninsured particularly if people aren’t using COBRA. About 46 million people in the United States (18 percent of those under 65) lacked health insurance in 2007.

via Few laid-off workers keep health insurance, report says - CNN.com.

 

Mike: The following shows how the $350 bailout was used and abused by those seeking its safety. As stated below, it’s doubtful that congress will do anything about these corrupt thieves, since they are so intertwined with their lobbiest brethren

* Merrill Lynch Execs Paid Themselves $15 Billion on $21.5 Billion in Losses in 2008

No wonder John Thain was sacked. On the surface it appears that he and his management were ‘hiding’ or at best unaware of enormous losses that were only revealed after they were purchased by the Bank of America, and the recipient of enormous amounts of government funds.

-And to make matters worse, they continued to pay themselves huge salaries and bonuses for the year despite those losses.

It will be interesting to see if there is any meaningful investigation of this. We doubt it very much. The Democratic leadership have shown themselves to be a lot of noise and little meaningful action so far, and almost all the Republicans are outrageous hypocrites. Such is the state of the deep capture of the government.

via Jesse’s Café Américain: Merrill Lynch Execs Paid Themselves $15 Billion on $21.5 Billion in Losses in 2008.

 

* Pfizer push to acquire Wyeth could cost thousands of jobs

Analysts say that if an accord is reached, cuts would hit Wyeth harder. It employs 5,000 in the Phila. region.

via Pfizer push to acquire Wyeth could cost thousands of jobs | Philadelphia Inquirer | 01/24/2009.

 

* Another big round of layoffs is expected at Starbucks, possibly 1,000 people — a third of its headquarters employees — and some district managers and field employees, according to an e-mail sent to a stock brokerage’s customers Friday.

“The cuts might be next week or in February,” wrote Diane Daggatt, a managing director at McAdams Wright Ragen in Seattle.

via Business & Technology | More layoffs expected at Starbucks | Seattle Times Newspaper.

 

* Thousands of restaurant workers could face layoffs in coming months, according to a recent survey of restaurant owners.

More than half of restaurant owners and managers who responded to a recent Washington Restaurant Association member survey said they expect to lay off staff in the first half of 2009. With 13,000 restaurants in Washington, the number of laid-off restaurant workers could easily exceed 6,900, the trade group’s Chief Executive Officer Anthony Anton said.

via Restaurant layoffs seen in Washington state – Puget Sound Business Journal (Seattle): .

 

* The unemployment rate in California soared to 9.3 percent last month – its highest point in 15 years – as construction firms, hotels, restaurants, casinos and amusement parks laid off workers in response to the widening recession.

via California jobless rate soars.

 

more about “Jobless Claims Squeeze States Video -…“, posted with vodpod

 

 

Mike: Hopefully this is a trend that catches on with other hospitals, especially since so many no longer have health insurance.

* YORK, Maine — In what could be the first of its kind in the country, a new York Hospital program offers patients an opportunity to receive health care and pay for it over time without interest.

The new “10 to Spend” program targets patients who, beginning Jan. 1, have to meet a new set of deductibles before their health insurance kicks in. Patients who receive services at the hospital between Jan. 1 and April 1 will be able to spread out payments at no interest over a 10-month period.

via York Hospital offers services at zero interest.

 

Jerry Holbert - Jan 23

Jerry Holbert - Jan 23

 

 

- Municipal News -

 

* ACCOMAC — The Accomack County School Board will hold a public hearing Feb. 3 on its proposed $43.9 million operating budget for 2009-2010, which could include the elimination of almost 66 positions.

via Schools could cut 66 jobs from staff | delmarvanow.com | The Daily Times.

 

* SACRAMENTO, CA – Sacramento County has a $42.3 million mid-year budget shortfall. One of the options to be proposed to the Board of Supervisors next month is $8.8 million worth of cuts to a variety Health and Human Services and Probation departments. If those cuts are approved, 198 employees will be out of jobs.

via 198 Jobs on the Line in Sacramento County | News10.net | Sacramento, California | News .

 

* Funding shortfalls tied mostly to declining student enrollment will force the Sturgis school district to cut the equivalent of eight full-time teachers next school year.

via Rapid City Journal | News » Local | Sturgis schools to cut teaching staff.

 

* Oakley Union Elementary School District officials had been hoping to avoid layoffs but are now saying that will be nearly impossible as the district faces a projected $2.9 million deficit for 2009-10.

District Superintendent Rick Rogers said the state’s proposed five-day reduction of the school year and the elimination of class-size reduction rewards would probably force the district to lay off classified and certificated employees.

via Oakley teachers told to expect layoffs – ContraCostaTimes.com

 

* SANTA CRUZ — County services, from public health to road maintenance, are expected to take their biggest hits in years as county administrators anticipate a 20 percent reduction in spending over the next year and a half, including some 250 layoffs.

via County expects 250 layoffs, cuts to health, road, park services – Santa Cruz Sentinel.

 

* If Salinas city workers .don’t agree to voluntary pay cuts by March, 123 could be laid off, or many more could be furloughed, city manager Artie Fields, said Friday.

Layoff would include police and fire personnel, Fields said.

via Layoffs approaching for Salinas city staff, emergency personnel | thecalifornian.com | The Salinas Californian.

 

* NEW PORT RICHEY – Friday was the last day of work for nearly two dozen members of Pasco County’s permitting and building inspection offices.

via Decline In Fees Brings Layoffs For 22 Employees.

 

* Pummeled by a recession that has caused a sharp drop in the building industry and resulting tax revenues, Union County is cutting 78 positions from its 1,066-person workforce.

 

- US and some Canada News -


Head NV Group, the parent company of the Head and Penn sports brands, is closing its tennis ball factory in Phoenix and moving those operations to China.

The factory will close in March, with 143 workers being fired. The Netherlands-based sports company has produced tennis balls in China since 2007 and continues to build that manufacturing presence. The company reported the layoffs to the Arizona Department of Economic Security.

Head to close Penn tennis ball factory in Phoenix, move jobs to China

 

* The Bay City area recently has seen the closing or announced closing of Andrews Fine Jewelers, at the Bay City Mall, and the Ruby Tuesday restaurant at 3898 State St., in Bangor Township.

Other announced closures include the Hampton 5 movie theater in Hampton Township, the Memory Lane scrapbook store and Elite Repeat clothing shop in downtown Bay City and the Rivard’s Home Furnishing store in Kawkawlin Township.

Many business owners blame economic times that have reduced customers and cash flow needed to continue operating.

“If I could look ahead and thought I could ride it out, I would,” said Gary Colopy, owner of the Heart of Ireland retail store at 914 Washington Ave. “I think it’s going to get a lot worse before it gets better.”

via – Longtime Bay City businesses closing because of economy

 

* Glenncoe is a 160-truck carrier primarily serving B.C., Alberta and the Pacific Northwest U.S. truckload markets. A market impact study recently confirmed the regional economy is weakening rapidly and cast doubt whether there was enough business to sustain the carrier over the next few years.

Business in the Pacific market Glenncoe concentrated on is drying up, fleet owner says.

“We’re profitable at this point, but the long range will not be if we continue. So we decided to shut down properly and orderly,” Coe explains in an interview with todaystrucking.com. “The long-term does not look viable. This is a business decision and we have to do what’s right by our people.

via Today’s Trucking.com: The Truck News Site – Canadian website and magazine publishing information and content on truck news, trucking regulations, trucking industry, fleet management, owners/operators and the latest in trucking products and trucking services..

 

* Profits are up but traffic volume is down, so a lot of employees are being laid off by the Burlington Northern Sanfa Fe railroad – including 101 in Lincoln and 68 in Alliance…..

The railroad began layoffs about two weeks ago. On Wednesday, BNSF said it would layoff some 2,500 workers nationwide, representing 5 percent of its work force. BNSF said it has approximately 4,500 employees in Nebraska, including more than 1,800 in Lincoln, and 1,700 in Alliance. 

via NE StatePaper.com – BNSF Railroad Announces Layoffs Despite Higher-Than-Expected Profits.

 

Mike: The following announcement was posted earleir in the week, but due to it’s significance with food poisoning, I thought it wise to post again:

The South Georgia peanut butter plant linked to the national outbreak of salmonella has laid off most of its approximately 50 workers, a company spokesman said Friday.

Federal health officials have said the Peanut Corp. of America’s plant in Blakely is considered the sole source of the salmonella outbreak that has sickened more than 480 people in 43 states and may have contributed to six deaths.

via Workers laid off at Blakely plant | ajc.com.

 

 

* Advertising Roundup — 80 Laid Off at Starcom; 26 Laid Off at Ogilvy; Lamar Debt Makes Hedge Fund Rich; More …

via Advertising Roundup — 80 Laid Off at Starcom; 26 Laid Off at Ogilvy; Lamar Debt Makes Hedge Fund Rich; More … | BNET Advertising Blog | BNET.

 

* MASSENA — Many of the employees at the General Motors Powertrain plant who were looking forward to returning to work are instead permanently losing their jobs.

Because of the dismal economy, the plant has been closed since before Christmas, putting workers on temporary layoff. They were supposed to return to work Monday, GM officials announced in December.

According to the latest announcement, more than 100 of the plant’s remaining 156 employees will be finished at GM as of next week.

via Watertown Daily Times | Many GM workers’ layoffs permanent.

 

* Union employees at Alcoa Davenport Works learned Friday that the company-wide staff reductions will affect about 220 of them. However, it remains unclear exactly who will be laid off or when

via Alcoa to lay off 220 hourly employees in the Q-C / QCTimes.com.

 

* ROBSTOWN – The LCS Corrections Facility in Robstown has laid off 35 employees just three months after opening up.

Luckily, all but 15 of the corrections officers have picked up jobs with surrounding law enforcement agencies.

via Corpus Christi, TX | KRISTV.COM |LCS Corrections Facility Lays Off Several Employees

 

* Dartmouth College lost about 18 percent of its endowment when the stock market went south. The college implemented a hiring freeze and about 70 employees accepted early retirement. But that wasn’t enough. Thursday, the Ivy League school announced additional job cuts cannot be avoided. School officials are not yet saying how many jobs will be cut, or when the layoffs will occur.

via WCAX.COM Local Vermont News, Weather and Sports-Dartmouth Plans Job Cuts.

 

* The Orlando Opera laid off four staffers Thursday — 25 percent of its full-time work force.

The layoffs will save the company about $135,000 to $140,000 a year, including benefits, said Jim Ireland, the opera’s president and CEO.

via Opera lays off 4 staffers to cut costs — OrlandoSentinel.com

 

* West Bend manufacturer Serigraph Inc. has made its sec-ond cutback in as many months, permanently eliminating nine administrative posts and placing about 60 production workers on indefinite layoff.

via Serigraph cuts more jobs .

 

* Two North Coast sawmills are laying off employees, blaming a sagging economy that continues to depress home building and remodeling — two sources of demand for lumber.

via Sawmills announce layoffs as industry declines.

 

* BROOMFIELD – Two months after announcing plans to slash up to 18 percent of its work force, Sun Microsystems Inc. this week made the first round of cuts, giving layoff notifications to 1,300 employees, 195 of whom work locally.

via The Pueblo Chieftain :: Sun Micro lays off 195 in Broomfield

 

* Bank of New York Mellon Corp. began laying off an undisclosed number of workers in Pittsburgh this week, part of a previously reported plan to let go 1,800 employees worldwide in 2009, a spokesman confirmed Friday.

via BNY Mellon begins layoffs in Pittsburgh – Pittsburgh Tribune-Review.

 

* Besser International manufactures concrete pipe machinery. Between 20 and 30 people have been laid off from the Sioux City plant in the past few months, about 25% of the workforce. A company representative says they expect more cuts in the near future.      

In Yankton, South Dakota, Sapa Extrusions laid off 40 to 45 employees, about 15% of its workforce. The company’s general manager says orders at its aluminum extrusion plant are at historic lows. 

via KPTH FOX 44: Local News and Entertainment for Sioux City and Siouxland | Local Layoffs & Job Hunt Tips.

 

* LAKE CITY — Federal-Mogul Corporation began laying off some of its 500 workers at its Lake City facility earlier this month.

via Postbulletin.com: Rochester, MN.

 

* GARDEN GROVE – Crystal Cathedral’s executive pastor, who was brought on board by the church’s former senior pastor Robert A. Schuller, was let go this week because of financial issues, church administrators said.

via Crystal Cathedral has a round of layoffs | church, cathedral, schuller, pastor, mysse – News – OCRegister.com.

 

* Baxter Healthcare Corp. plans to lay off 43 employees from its plant in Largo by March 23.

via Baxter cuts jobs in Largo – Tampa Bay Business Journal: .

 

* Air Canada has quietly announced that it intends to temporarily lay off 345 flight attendants at the start of March.

As a result of the cuts, there will be one less flight attendant working in business class on each transatlantic flight.

via CTV.ca | Air Canada to lay off 345 flight attendants.

 

* DUBUQUE, Iowa – Dubuque Stamping & Manufacturing has laid off about 40 workers in the past few weeks, roughly 25 percent of its work force.

via Dubuque Stamping & Manufacturing lays off 40 — chicagotribune.com.

 

* Mid-market lender Madison Capital has laid off 7 employees, or 10% of its staff, Senior Managing Director Chris Williams confirmed to peHUB. The layoffs occurred yesterday on the heels of news that Dymas Capital, another Chicago-based middle market lender, had laid off 10 employees. Six deal pros remain at Dymas.

via peHUB » Madison Capital Lays Off 10%.

 

* RANTOUL – One hundred employees at Eagle Wings Industries in Rantoul will be laid off for two months, beginning Jan. 30, a company official said.

The layoff at the auto parts supplier is related to production at Mitsubishi Motors in Normal, which accounts for “a large percentage of our business,” said Lynette Brokate, Eagle Wings’ human resources supervisor.

via The News-Gazette.com: Auto parts supplier to lay off 100 for 2 months.

 

* The Stanford Graduate School of Business is implementing across-the-board cuts and reducing its workforce by about 12 percent, the Stanford Daily reports. The GSB predicts a $15 million shortfall, 10 percent of its total budget. Forty-nine staffers were laid off, eight were put on a reduced schedule, and 12 temporary positions were eliminated. Other expenses—such as travel, food, library services, printing, and marketing—were cut off.

via Stanford Business School Lays Off 12 Percent – The Paper Trail (usnews.com).

 

* A reader tells us:

Major layoffs at Universal Music Group on Friday.  People from every department were axed (there were a few departments spared, it seems, though).  From what I can tell, most of the major imprints were hit (IDJ, Universal Records).

via Hushed Layoffs At Universal Music Group?*.

 

* NewsChannel 15 has learned a Pee Dee plant is laying off workers for the second time in two months.

Officials with the South Carolina Department of Commerce tell us Ina Bearing of Cheraw plans to cut 108 jobs.

via Pee Dee plant layoffs : News : WPDE .

 

* KVII-TV, citing a poor economic environment, eliminated several positions Friday. The layoffs at the Amarillo television station are part of a broader work force reduction by Barrington Broadcasting, the Illinois-based parent company of the local ABC affiliate.

via – KVII cuts jobs

 

* The Waterloo Community Arts Centre, also known as the Button Factory, has laid off all but its general manager.

In an attempt to reduce costs and keep the arts centre open, the seven-member board voted to lay off four employees this month.

via TheRecord.com – Local – Arts centre lays off four of its five staff .

 

* SAN FRANCISCO-AMB Property Corp. on Friday said it will lay off 22% of its global workforce as part of an effort to reduce its cost structure “in a difficult global economic environment.” AMB is an industrial REIT that develops properties for sale to third parties or funds. The company employed 716 people at the end of September, 200 more than it employed at the start of the year. The layoffs are the first in the company’s history.

via AMB Cutting Global Workforce by 22%.

 

* CARLSBAD — Mosaic Potash has announced a two-week layoff for more than 200 of its hourly employees beginning Feb. 15.

via Layoffs at Mosaic – Carlsbad Current-Argus.

 

* WINONA — River Valley Newspaper Group, which includes the La Crosse Tribune and the Winona Daily News as well as eight weekly papers in the region, announced it had cut 10 positions Wednesday.

via Postbulletin.com: Rochester, MN.

 

* Caterpillar is in the process of laying off 140 workers from its Oswego Township plant, a union representative confirmed Friday.

The eliminated positions run across the spectrum of Caterpillar’s hourly employees, covering a wide variety of jobs, according to Jim Steele, bargaining chairman for United Auto Workers 145, based in Montgomery. Local 145 has approximately 2,050 workers in the plant located off Route 31 near Aurora, Steele said.

via Caterpillar lays off 140 at Kendall plant :: Beacon News :: Local News.

 

* All-terrain vehicle and snowmobile maker Arctic Cat (ACAT.O) slashed about 100 jobs, or 7 percent of its workforce, as part of its cost-cutting efforts amid challenging economic conditions.

via UPDATE 1-Arctic Cat cuts 7 pct of workforce | Markets | Markets News | Reuters .

 

* MUSCATINE, Iowa — The Stanley Foundation of Muscatine announced Friday it’s laying off six of its 24 full-time employees.

via MuscatineJournal.com | Stanley Foundation lays of 1/4 of full-time workforce.

 

* ThyssenKrupp AG will delay the opening of its stainless steel operation at Calvert for about a year, until October 2010, stalling construction spending as part of a companywide effort to save cash in the global economic recession.

via ThyssenKrupp steel plant delays 1 unit – al.com.

 

* ROLAND, Okla. (AP) – About 220 people are expected to lose their job in the small eastern Oklahoma community of Roland as an Ohio-based door manufacturer announces plans to close its facility there.

Therma-Tru Corp. designs and produces residential fiberglass and steel exterior door systems. The company announced it will phase down production and ultimately close the Roland plant, effective Sept. 30.

via Roland door plant to close.

 

* HARTFORD CITY — International Paper on Friday announced it would permanently close the Hartford City corrugated container

plant at the end of March, resulting in the loss of 100 jobs.

via International Paper to close Hartford City plant | thestarpress.com | The Star Press.

 

* OXFORD — Local programming and 10 jobs will be lost once Miami University gives up control of WMUB-FM (88.5).

via WMUB shows will be lost in deal.

 

* WGAR FM/99.5 morning co-host Michelle Maloney, WTAM AM/1100 news reporter Greg Saber and WMVX FM/106.5 producer Brigette Dineen were victims of this week’s layoffs at Clear Channel Communication’s Northeast Ohio stations.

via Layoffs at WGAR, WTAM and WMVX part of Clear Channel cuts – Cleveland.com.

 

* SIOUX FALLS, S.D. – Ten days after cutting its Sioux Falls work force in half, Hutchinson Technology Inc. said Friday it is closing the plant and laying off the remaining 300 employees over the next three months.

via Hutchinson Technology closing Sioux Falls plant — chicagotribune.com.

 

HARDIN COUNTY — Akebono Brake Corp. reportedly laid off about 25 percent of its work force Friday as the brake parts manufacturer continued its staff downsizing at the Elizabethtown plant.

Carl Lay, Akebono’s Elizabethtown’s general manager of administration, did not return four phone messages left at his office and home or respond to an e-mail seeking comment. An e-mail to Laura Sullivan with Akebono North America went unanswered as well.

But worker Beverly Lacefield said she was called Friday and given the grim news.

via – The News Enterprise

 

* MIDDLEBURY, Vt. (AP) – Middlebury College is planning to cut 100 positions over the next three years through attrition.

via Fox 44 – Burlington and Plattsburgh News, Weather and Sports – Fox44.net | Middlebury College to cut 100 positions.

 

* Global paper and packaging manufacturer International Paper will permanently close its Howell facility and lay off 95 employees, company officials announced Friday.

It’s just the latest bad economic news for Livingston County. This month, auto parts maker May & Scofield LLC closed up shop in Fowlerville, idling 50 workers.

via International Paper closing its doors | livingstondaily.com | Livingston Daily.

 

* Greene Tweed is closing its Garden Grove plant with about 31 workers losing their jobs, a company spokeswoman has confirmed.

Judy Eby said the Pennsylvania-based company determined the molded plastics work done in Garden Grove could be done at other facilities.

via Greene Tweed closing Garden Grove plant – Handling Hard Times – OCRegister.com.

 

* MASSENA, N.Y. (AP) – They had dodged layoffs before, but now 100 furloughed workers at General Motors’ powertrain plant in Massena, N.Y., have been told their jobs are gone for good.

via KTVN Channel 2 – Reno Tahoe News Weather, Video – Workers a New York GM plant losing jobs sooner than expected.

 

* Accuride Corp., which was named Manufacturer of the Year on Thursday for its job-creation efforts, confirmed Friday that it is laying off 22 employees.


- International News -

 

* Cummins is to reduce its workforce worldwide by at least 800 employees by the end of February and freeze salaries for the year.

It means the engine company will cut 200 staff at its Daventry factory.

via BBC NEWS | UK | England | Northamptonshire | Engine company is to cut 200 jobs.

 

* As the UK officially falls into recession, it’s not a question of how many jobs will go in the regional newspaper industry, it’s more a case of how many will survive. Today, staff at DMGT-owned Northcliffe Media’s Western Daily Press and Bristol Evening Post were told the company is considering cutting 45 of its 154 editorial jobs from the two titles as part of plans to create single content and production desks for the papers, according to the NUJ. Sharing resources is a popular way to maximise resources for newspapers right now and is at the heart of proposed cuts at Newsquest’s Glasgow titles and Trinity Mirror’s Birmingham and South Wales centres.

via Northcliffe Media Restructuring Continues: Jobs Cut, Website Scrapped In Bristol | paidContent:UK .

 

* • We are proposing to reduce the costs of our head offices, subject to consultation with staff, with the loss of up to 450 jobs, representing around 15% of our head offices headcount.

• We will be making changes to the Marks & Spencer Final Salary Pension scheme by capping employees’ annual increases in pensionable pay to 1%iv and changing the early retirement benefits for members who joined the scheme before 1996.

via UK : Marks & Spencer to cut 1230 jobs – Apparel News UK.

 

* Jan. 23 (Bloomberg) — Linklaters LLP, the second-largest London law firm by revenue, will cut the number of lawyers at the firm as the economic crisis slows its business.

The worsening economic crisis and its effects on key clients means that reductions are necessary, said Sarah Peters, a firm spokeswoman. The Lawyer magazine reported today that Linklaters will cut as many as 70 partners and 10 percent of its salaried lawyers, citing people familiar with the plan.

via Bloomberg.com: U.K. & Ireland.

 

* The Cheltenham-based kitchenware and appliance manufacturer Pro Cook is to close all 18 of its high street stores.

via BBC NEWS | UK | England | Gloucestershire | Kitchenware firm to cut 100 staff.

 

* UP TO 100 jobs were at risk at brewer SA Brain last night.

Drivers, assistants, warehouse workers and customer services staff at the iconic brand’s South Wales distribution centre face losing their jobs after the 127-year-old company struck a deal with another brewer, Scottish and Newcastle.

via Cardiff brewer Brains looks set to shed 100 jobs – WalesOnline.

 

* THE UK’s leading aerosol contract filler ColepCCL is to axe more than a quarter of its 300-strong work force at its plant on the Foxhills Industrial Estate in Scunthorpe

via colepCCL, scunthorpe, north lincolnshire, north lincolnshire council, osmond aerosols, foxhills industrial estate, jobs, redundant, portuguese owned.

 

* MOSCOW, Jan 24 (Reuters) – The number of unemployed Russians rose to 6 million in December compared to 5 million in November as an economic downturn hit home, the head of the federal employment service Yuri Gertsiy said on Saturday.

Gertsiy said data calculated according to World Labour Organisation rules showed unemployment was much higher than the 1.5 million Russians who have officially registered as being out of work after six months of financial crisis.

via One million Russians lost jobs in Dec-official | Reuters .

 

- Hiring News -

 

* They’re hiring!

As many big companies are announcing mass layoffs, these 20 top employers have at least 350 openings each right now. Which Best Companies to Work For are doing the most recruiting and what kind of candidates are they looking for?

via They’re hiring! – Edward Jones (1) – FORTUNE.

 

Mike: Please feel free to send along any announcements that I may have missed and that you would like added. More as the weekend develops……………………

 

 

Bill Schorr - Jan 24

Bill Schorr - Jan 24

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