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

 

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