Mike: The following article shows how the reported unemployment numbers are skewed to the low end, which misleads the public into thinking that the employment situation isn’t as bad as they think it is. I’ve harped on this quite a bit, so it’s good to see that some of the mainstream outlets are starting to recognize the growing problem of the unreported unemployed.
- As a self-employed contractor, Bender is not only ineligible for unemployment benefits; she doesn’t even get counted in the government’s unemployment statistics. ”It’s scary to think that I’m completely not tracked and have no access to benefits,” says Bender. “And it’s scary as hell to think that I’m at risk of falling through the cracks.”
- Microsoft/Google/IBM and other Rumors/News
General Economic News
Government Layoff News
US and some Canada Layoff News
International Layoff News
Hiring News and News You Can Use
- Microsoft/Google/IBM and other Rumors & News -
* Microsoft delivered the coup de grâce Monday to its dying Encarta encyclopedia, acknowledging what everyone else realized long ago: it just couldn’t compete with Wikipedia, a free, collaborative project that has become the leading encyclopedia on the Web.
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9:45 AM ETThe Institute for Supply Management-Chicago Inc. said today its business barometer decreased more than forecast to 31.4, the lowest since 1980, from 34.2 the prior month. Readings below 50 signal a contraction.
via ISM-Chicago Purchasers’ Index Decreases to 31.4 (Update1) – Bloomberg.com .
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10:00 AM ETReuters – A shopper reaches into his wallet in Burbank, California November 28, 2008. REUTERS/Fred Prouser …
The Conference Board’s sentiment index inched up to 26.0 this month from an upwardly revised 25.3 in February. The original February reading of 25 represented an all-time low for the index, which dates back to 1967.
via U.S. consumer confidence barely above record low - Yahoo! Finance.
* Home prices sank by the sharpest annual rate on record in January, and the pace continues to accelerate, but there were a handful battered metro areas where price declines slowed, according to data released Tuesday.
AP – In this Jan. 25, 2009 file photo, a price reduced placard hangs below the sale sign outside an …
The Standard & Poor’s/Case-Shiller index of home prices in 20 major cities tumbled by a record 19 percent from January 2008. It was the largest decline since the index started in 2000. The 10-city index dropped 19.4 percent, also a new record.
via US home price drops set records in Jan. – Yahoo! Finance.
* Online advertised vacancies dropped 100,000 to 3,248,000 in March, according to The Conference Board Help-Wanted Online Data Series (HWOL)(TM) released today. The March loss follows sharp drops of 507,000 in December and 506,000 in January and a very modest dip of 6,600 in February. This has resulted in a decline of over 1,120,000 advertised vacancies, or over 25 percent, in the last four months.
via The Conference Board :: The Conference Board Reports Online Job Demand Down 100,000 in March.
- At the heart of President Obama’s approach to foreign policy has been a promise to end the “unilateral” strategies of his predecessor and heal bruised relations with America’s allies.
But as Obama makes his presidential debut on the diplomatic stage at the Group of 20 summit in London this week, he faces leaders from both Europe and Asia who have rejected some of his most important proposals for rescuing the global economy, including his call for more stimulus spending.
via Obama at G-20 summit: Popular president, unpopular plan – Los Angeles Times.
- Retail sales in the United States rose slightly in the week ending March 28, the International Council of Shopping Centers-USB reported Tuesday.
Sales were up 1.1 percent for the week but dropped 0.2 percent compared to the same week a year ago, the report said.
Dana Summers - Mar 30
- Monday afternoon 121 members of the Santa Rosa County Education Support Staff learned they would not be returning next year as the school district continues to make cuts.
- Akron Public Schools will eliminate 17 administrative jobs to save more than $1.6 million a year.
via Ohio.com – APS to cut 17 posts .
- BATON ROUGE, La. (AP) — Educators laid off at a Louisiana school for juvenile delinquents criticized the job losses on Monday, telling a panel of officials the school has lost key personnel with experience handling often volatile classrooms.
via Educators laid off at La. school for delinquents - AP – NOLA.com.
- The City School District will cut 287 jobs, including more than 251 teachers, under a $687 million budget proposed for the 2009-10 academic year.
via Rochester schools plan to drop 287 jobs | democratandchronicle.com | Democrat and Chronicle.
- Circuit Court Clerk Pat Frank told her employees via an Internet video Monday that some of the office’s 900 employees will lose their jobs in the fiscal year that begins Oct. 1. The employees who don’t lose their jobs will have their salary cut.
via Circuit Clerk Looking At Job Cuts, Furloughs.
- The reduction in force affects about 101 non-tenured teachers and 40 paraprofessionals in North Chicago School District 187, said Superintendent Lauri Hakanen.
via North Chicago to cut 101 teaching positions :: News Sun :: News.
- Ten Maumee City Schools employees have been notified that their jobs are ending.
- The Tulare County Board of Supervisors voted unanimously on Tuesday to lay off employees to cut spending.
- US and some Canada Layoff News -
* Sun Microsystems is laying off about 1,500 employees this week in a follow-up to a restructuring plan announced a few months ago, the company confirmed Monday.
via Sun Confirms 1500 Jobs Cut This Week - Business Center – PC World.
* NEW YORK (AP) — Cardinal Health Inc. said Tuesday its clinical and medical products unit will eliminate 1,300 jobs, with most of the cuts made over the next six months, as hospitals cut back on equipment purchases.
via The Associated Press: Cardinal Health to cut 1,300 jobs at clinical unit.
* 3M Co., Minnesota’s largest manufacturing company, is cutting its worldwide workforce by another 1,200 jobs, or 1.5 percent, in response to the global recession.
Fewer than half of the job cuts will be in the United States, but several hundred will be in Minnesota, Jacqueline Berry, a 3M spokeswoman, said today.
via 3M cuts another 1,200 jobs.
* 3M Co. today confirmed it has laid off 1,200 employees as part of a previously announced work force reduction.
* Kinetic Concepts Inc. said Monday that the company is planning on laying off 4 percent of its work force, or 300 employees, worldwide.
via KCI will eliminate 300 positions worldwide - San Antonio Business Journal: .
- The filing shows that Forest City slashed its full-time staff by 487, or 15%, to 2,845 from 3,332 a year ago. Forest City pared its part-time staff by 233 jobs, or 37%, to 392 as of Jan. 31 from 625 a year earlier.
- Electronics maker Sparton Corp (SPA.N) said it plans to close its facility in London, Ontario, Canada, affecting 24 salaried and 63 hourly employees, due to underutilization caused by significantly lower customer volumes.
via UPDATE 1-Sparton to shut Ontario facility, cut jobs | Markets | Markets News | Reuters .
* Miramar-based FLA Orthopedics Inc. filed notice today with the state that it’s slashing 163 manufacturing jobs between May 29 and Sept. 30.
via Lay-offs: FLA Orthopedics Inc. to furlough 163 in Miramar – South Florida Sun-Sentinel.com.
- Brush Engineered Materials Inc. said Monday it has increased the scope of job cuts it announced in February, trimming an additional 5 percent of its work force as one of several cost-cutting measures aimed at responding to global economic downturn.
via Brush Engineered Materials to cut 5% more jobs - Business – cleveland.com.
* Chrysler’s financial arm said Tuesday it is eliminating 80 jobs as the parent company attempts to cut costs and restructure to stave off bankruptcy.
- Dyax Corp (DYAX.O) said it cut 60 jobs, effective immediately, to focus on the commercialization of its lead product candidate, and would take a charge of about $2 million in the first quarter.
via UPDATE 1-Dyax cuts 60 jobs; sees Q1 charge | Industries | Healthcare | Reuters .
* Cessna Aircraft Co. announced Tuesday it will be laying off more employees, according to KAKE TV.
Bob Stangarone, vice president of communications with Cessna, says the layoffs will be companywide and affect all pay categories.
The number of layoffs will be announced next month, following the first-quarter report from Cessna’s parent company, Textron Inc. The company has already laid off 4,600 workers, including 4,000 in Wichita.
via Cessna to lay off more workers - Wichita Business Journal: .
* The Florida Communications Group Monday laid off 53 employees and eliminated 12 open positions due to continuing declines in the local advertising market, executives said.
via Media General Lays Off 53 Today In Tampa Offices.
* According to the website for the Charlottesville based newspaper, six jobs were eliminated, four in the newsroom and two in advertising.
via Daily Progress Cuts Jobs .
* Seattle’s KING 5 TV laid off about 15 people Monday, a few weeks after its corporate parent announced that it would reduce its workforce to cut costs.
via KING 5 TV lays off 5 percent of workers - Puget Sound Business Journal (Seattle): .
* One of this areas largest hospitals is being affected by the worsening economy. Maury Regional Medical Center will lay off a small number of employees and freeze salaries to help cope with the downturn in the economy.
via WDXE Radio – Lawrenceburg, TN.
- Bonfils Blood Center announced Monday it eliminated 44 jobs and closed two of seven donor centers in the Denver Metro Area because of the economic downturn.
via Bonfils cuts 10% of staff, closes donor centers : Breaking News : ColoradoDaily.com Boulder, CO.
- Western Forest Products has unexpectedly cancelled its harvesting contract with Port Hardy’s largest logging company, putting 30 workers out of work and raising questions about the future of logging on northern Vancouver Island.
via Cancelled logging contract costs 30 Port Hardy jobs .
- An already decimated workforce in Greene County took another hit, when EcoQuest International laid off more than 60 employees.
via EcoQuest Sold: More Than 60 People Laid Off | TriCities.
- Since mid-March, another 50 hourly workers have been put on temporary layoff, bringing the total to about 360 or just over 10 per cent of Essar Algoma’s usual 3,500-member workforce. The last pink slips were handed out last week, said spokesperson Brenda Stenta.
via Essar lays off another 50 workers - The Sault Star – Ontario, CA .
- GE Solar, a branch of the General Electric Company, has announced the layoff of the second and third production shifts as well as some engineering staff at the its Newark, Delaware manufacturing site. About 86 employees were released, down from 200 total workers.
via 86 laid off by GE Solar in Delaware facility – Photovoltaics International.
- Sixty-three Austin-area employees will lose their jobs starting in May as homebuilder TOUSA Inc., which filed for bankruptcy last year, winds down its operations nationwide, citing the “severe” economic environment.
via Florida builder cuts jobs as it seeks buyer for Texas operations.
* Hilton Hotels Corp. is cutting an undisclosed number of jobs at its Memphis headquarters as part of a companywide “transformation.”
via Coffee Break: Hilton is cutting jobs in Memphis : Employment : Memphis Commercial Appeal.
* American Airlines’ regional affiliate American Eagle will be laying off 75 pilots, said Andrea Huguely, a spokeswoman for AMR Corp., the parent company of American.
via American Eagle to cut 75 pilot jobs – Dallas Business Journal: .
- Quidel Corp (QDEL.O), which provides rapid diagnostic tests, said it would cut about 10 percent of its workforce from all areas of business to reduce costs and take a restructuring charge in the first quarter.
via UPDATE 1-Quidel to cut 10 pct jobs, sees Q1 charge | Reuters .
- LAKE CITY — Lake City business leaders are hearing indications that Federal Mogul, a major employer in the city with about 350 workers, has begun layoffs and is continuing with its workforce adjustments.
The automotive parts supply company is not releasing information and calls to its Southfield, Mich., headquarters were not returned.
via Postbulletin.com: Rochester, MN.
- Canaccord said it will shed 75 broker positions in the coming months out of a combined 375 across the country.
- The Flushing, New York-based company, attributing the new cost-cutting measure to the weakened global shipping industry, announced that it would slash its workforce to 52, along with a proposed 33% reduction in annualized office rent expense. Pursuant to cost saving initiative affecting 23 employees, the company expects about 27% reduction in annualized personnel expenses.
via RTTNews – Latest Earnings,Upcoming Earnings, Pos Pre Announcements,PreAnnouncements,Surprises …. .
- The move will affect 38 employees, according to the company, which cited the ongoing recession as the primary reason for the closing.
via Florence plant closing today | clarionledger.com | The Clarion-Ledger.
* In a second round of layoffs since December, Reed Smith is letting go 26 attorneys and 74 staff members in its United States and United Kingdom offices due to a slowdown in its transactional practices.
via Reed Smith Cuts 100 Lawyers & Staff | ABA Journal – Law News Now.
* The latest machine closure, expected to take place by May 31, will lower the company’s specialty products segment’s annual production capacity by 28,000 tons, or 10 percent, and impact 96 jobs, Wausau said.
via UPDATE 1-Wausau Paper to close paper machine in Maine, cut jobs | Markets | Bonds News | Reuters .
* MASSENA — Alcoa announced today that the company will cut about 170 jobs from its East Plant here, formerly the Reynolds plant.
via Watertown Daily Times | Alcoa announces 170 job cuts at Massena plant.
* Vassar will reduce its workforce by 3 percent, through an unspecified number of job cuts, buyouts and attrition, and will suspend faculty searches and contracts for adjunct instructors, Catharine Hill, the president of the school, said yesterday in a letter to alumni. The school raised tuition and fees 4.5 percent, to $51,470, and will increase financial aid, Hill said.
via Vassar Will Raise Tuition, Cut Jobs After Endowment Falls 21% – Bloomberg.com .
- We’ve confirmed that hi5, the third largest social network in the world, is laying off employees today. hi5′s VP of Marketing, Mike Trigg, wouldn’t say how many employees were being let go but we’ve received multiple independent tips that the social network laid off 50% of its staff.
* Commerzbank AG, Germany’s second- biggest bank, reached an agreement with labor representatives on plans to eliminate 2,200 head office jobs in Frankfurt as part of the integration with Dresdner Bank.
* Dutch computer services firm Getronics, part of telecoms company Royal KPN, said Tuesday it plans to cut around 1,400 jobs – 10 percent of its work force – to save money and adapt to weak market conditions.
via Dutch KPN to cut 1,400 jobs at Getronics unit – Forbes.com.
* Engineering group Sandvik AB on Tuesday said it was slashing 490 jobs in Sweden because of weak demand for its products.
via Sandvik engineering group cuts 490 jobs – Forbes.com.
- British rail network services company Jarvis Plc (JRVS.L) said operating results for its year to end-March would be below previous management expectations and it was to cut 450 jobs, but net debt will be lower
- PROGRAMMED Group says it has noticed reduced demand for its maintenance services in some sectors, and has made some staff in the Workforce and SWG divisions redundant.
via Programmed Maintenance Services restructures, cuts staff in SWG and Workforce .
- British radio maker Sepura Plc (SEPU.L) said on Tuesday it would cut 45 jobs in a restructuring to cut costs and take a related charge of 1.3 million pounds that would hurt its full-year results.
- Cedyna Financial Corp., a credit card unit of Sumitomo Mitsui Financial Group Inc. that’s starting business tomorrow, plans to cut jobs and close data processing centers as consumer spending falls.
- ABOUT 25 people are to lose their call centre jobs at a leading Peterborough-based travel firm.
via Thomas Cook to cut 25 temporary call centre jobs – Peterborough Today .
- UK dairy company Yeo Valley has confirmed that 103 jobs will be cut across three locations as it seeks to adjust to the downturn in the market and bids to remain competitive.
via UK: Yeo Valley Cuts 103 Jobs due to Dairy Market Downturn – Food Industry News .
- NAIROBI, March 31 (Reuters) – Kenya’s leading brewery, East African Breweries (EABL1.NR), said on Tuesday it will cut an unspecified number of jobs due to rising costs and lower sales.
via Kenya’s East African Breweries to cut jobs | Industries | Consumer Goods & Retail | Reuters .
- 240 jobs are to go in Co. Wicklow, it emerged this afternoon, as veterinary product company Schering-Plough announced the closure of its plant in Bray.
via 240 jobs to be cut at Bray plant – Ireland, Breaking News – Belfasttelegraph.co.uk.
- C&D Foods has announced 29 redundancies at its Edgeworthstown plant where it employs a total workforce of 312.
via RTÉ News: 29 jobs to go at petfood plant.
* Mining giant Rio Tinto has confirmed it will shed 70 jobs from its coal division as part of a global organisational review to slash 14,000 jobs worldwide.
- Hiring News and News You Can Use -
- LaBarge Products Inc. is hiring 48 new employees to work on a new $27 million military contract to build combat system repair equipment.
via LaBarge Products adds 48 jobs - St. Louis Business Journal: .
- A nearly 800 wind turbine project planned for Garfield and Columbia counties would create about 75 permanent positions and hundreds of construction jobs, some of which may seep into neighboring counties like Benton and Franklin.
via Wind turbine project brings jobs to region - Mid-Columbia News | Tri-City Herald : Mid-Columbia news .
- A ribbon-cutting on the future of the Capital Region was held Monday. It was all about Nano-Fab East, a new $150 million building at the NanoTech Complex near Washington Avenue Extension and Fuller Road in Albany.
via WTEN: Albany, New York News, Weather, Sports – NanoTech investment promises 600 new jobs.
- Officials here Monday hailed Disney’s decision to move its cruise ship Disney Wonder’s home port to Los Angeles, saying that such move would create thousands of jobs and generate millions of U.S. dollars in tax revenue at a time of economic hardship.
via Disney cruise ship to bring jobs, visitors to Los Angeles area_English_Xinhua .
- As the White House questions the viability of GM (NYSE:GM) and Chrysler, Smith Electric Vehicles is getting ready to build a new truck assembly plant in Kansas City that will produce zero-emission commercial trucks by the third quarter of this year.
via Baltimore Renewable Energy Examiner: New Electric Truck Plant to create 120 jobs.
- EDMUNDSTON, N.B. — The New Brunswick government says it will provide forgivable loans to Primus Telecommunications Canada for each of the 113 new jobs to be created at an expanded customer contact centre in Edmundston, N.B.
via The Canadian Press: N.B. to provide loans to Primus Canada for 113 new jobs at contact centre.
- Uncle Sam wants you, to apply for a government job.
It’s estimated that by 2016, 40% of all current federal employees will retire, creating a huge shortage.
Plus, the economic stimulus package passed by the federal government is expected to create 120,000 more jobs in just three years.
via Federal Government Needs Job Applicants – WABI TV5.
- GENESEE COUNTY, Michigan — Hundreds of people still are needed for local 2010 Census jobs.
- GM, which is trying to regain consumers’ trust as it works with the government to avoid bankruptcy, calls its program Total Confidence. Through April 30, GM will offer to make as many as nine car payments of as much as $500 for car purchasers in the event they are laid off within the first two years of buying the car. It will also offer to cover any underwater portion on a financed vehicle that is later traded in for another GM vehicle.
Ford’s plan, Ford Advantage, will cover up to 12 months’ worth of payments in the event of unemployment. The maximum payment it will cover is $700 per month, and it’s valid on all purchases through June 1.
via GM, Ford roll out incentives for unemployed - Los Angeles Times.
- The nation’s largest drugstore chain, Walgreens, and its Take Care Health Systems launched an initiative to offer free health care services to all of its current and future patients who lose their jobs after Tuesday and have no health insurance.
Mike: A very difficult day for many who lost their jobs, from SUN to 3M. With all that bad news, let me end the day with a laugh. Till Wednesday……………
Michael Ramirez - Mar 30
* CHRIS PALADINO, a Microsoft employee who was hired in 2006, didn’t worry too much about his job when the economy began to sour last fall. The company employs nearly 90,000 people.
* As IBM Corp. undergoes its second round of layoffs in three months, the company’s 4,200 employees in Rochester may be nervous. Although the company won’t talk about any employment changes, a city economic development official says he believes local layoffs are “minimal.”
* We want a strong IBM, but it is hard to justify providing the company with huge sums of taxpayer money when it is persisting in a policy of shipping jobs overseas, including to India where salaries and other costs are lower. Currently, about 29 percent of IBM’s workforce is in the United States. That is down from 35 percent in 2006, and there appears to be no end in sight for this trend.
* Sun Microsystems will lay off several thousand workers this week in a follow-up to a restructuring plan announced a few months ago, analysts said on Monday.
* NEW YORK (AdAge.com) — Market research powerhouse Nielsen Co. has taken a restructuring charge to cover a headcount reduction of 1,600 in 2009, or less than 5% of its work force, company officials disclosed in a conference call with investors and analysts last week.
*SAN FRANCISCO, March 30 (Reuters) – Chip equipment maker KLA-Tencor Corp (KLAC.O) announced on Monday its second round of layoffs in under five months, slashing its global workforce another 10 percent, or 550 jobs, as it tries to cope with a depressed chip market.
* A Perry County wood-products factory, hailed for its much-needed jobs when it opened in the mid-1990s, has shut down.
* LAS VEGAS—Casino operator Las Vegas Sands has laid off 283 people from its Las Vegas resorts.
* Parker Hannifin Corp. said Friday that it laid off about 20 employees from its Cleveland headquarters this week.
* ELIZABETHTOWN — Thirty-seven workers at the Elizabethtown Dana Corp. plant, including 12 management positions, have been cut and a week-long shutdown starts Monday as the frame supplier for SUVs and large trucks tries to combat the economic and automotive slump.
* The Washington, D.C., office of Skadden, Arps, Slate, Meagher & Flom and the U.S. offices of Gibson, Dunn & Crutcher have confirmed staff layoffs, while Skadden’s D.C. office is also dealing with the departure of 11 attorneys for new boutique BuckleySandler.
* Fried, Frank, Harris, Shriver & Jacobson is taking a scythe to its associate ranks. Firm chair Valerie Ford Jacob and managing partner Justin Spendlove sent a firmwide memo Monday announcing that the firm has laid off 41 associates and 58 staff members.
* At least 25 staff positions have been cut from Skadden’s Washington DC office. Office head Michael Rogan said that the reductions were made for economic reasons.
* Stroock Stroock & Lavan has just announced that the firm will be laying off 10 percent of its associates and staff, reports Above the Law, based on information from an unidentified law firm “spokesperson.” The firm, which apparently did not provide exact numbers of those who are being cut, also is “continuing to evaluate the appropriate start date for our incoming class,” the spokesperson states.
* Genaera Corp. is cutting its staff by 80 percent to free up funds for possible new strategies.
* The Boston Globe today completed its plan to eliminate 50 full-time newsroom positions through a combination of 30 buyouts and 20 layoffs, the newspaper confirmed Monday.
* The Winston-Salem Journal laid off 13 people today as part of an effort to reduce costs in a weak and unstable economy.
* CRANSTON – WJAR-TV NBC 10 today announced it will trim another 12 staff members
* Swiss newspaper Sonntag said on Sunday that UBS would write down at least another $2 billion on illiquid assets and cut a further 8,000 jobs.
* Swiss financial giant UBS AG (UBS: News ) would cut another 8,000 jobs and write down at least $2 billion in illiquid assets in the next few days, reports said Sunday citing a Swiss newspaper.
* Copy of letter regarding outsourcing, from Senior DPE – Hartford Insurance Account
* International Business Machines Corp. came under fire from labor organizers Thursday on reported plans that it will cut 5,000 jobs and send work to India while seeking federal stimulus funds.
* At least 334 employees in Research Triangle Park were affected by IBM’s layoffs this week, according to documents filed with the state.
* Update: Google Inc. is planning to cut scores of jobs after saying it hired too many people into overlapping jobs.
* Staffers at Apple’s (AAPL) flagship Fifth Avenue store in New York City confirm that as of Thursday at 8 a.m., customers are now permitted to buy unlimited quantities of iPhones without an AT&T contract — the very thing the company was working so hard to prevent in late 2007 when the devices were being snapped up in large quantities to be unlocked and re-sold in overseas markets.![[Star]](http://bloomberg.econoday.com/images/bloomberg/star.gif)
* MILWAUKEE (AP) — Johnson Controls says it will cut jobs and close 10 plants as part of a restructuring effort that will cost between $200 million and $215 million.
* Auto-parts supplier Johnson Controls (JCI Quote – Cramer on JCI – Stock Picks) plans to cut jobs, close 10 manufacturing plants, and record an estimated second-quarter pretax restructuring charge of $200 million to $215 million as it battles a slump in vehicle production.
* Wal-Mart delivered good news to two of its optical labs Friday, but it comes at the expense of the retailer’s Lockbourne operation, which will be shuttered, laying off 650 employees.
* Tyson Foods Inc. said Friday it will close a meat processing plant in Ponca City, Okla., meaning the possible elimination of 580 jobs.
* The Seattle retail online biggie Amazon. com Inc. will soon be closing its three US distribution centers – in Munster, Indiana; Red Rock, Nevada; and Chambersburg, Pennsylvania.
* San Jose, Calif.-based Fairchild Semiconductor (nyse: FCS – news – people ) says it’s closing the factory in Mountain Top, Luzerne County, about 90 miles north-northwest of Philadelphia. But Fairchild says it will maintain a small office in the area for technology and product line functions.
* SOUTH LAKE TAHOE, Calif.—The health care company that owns Barton Memorial Hospital at Lake Tahoe and clinics in Carson City and the Carson Valley says it is being forced to eliminate 43 jobs.
* Roughly 86 more employees are planned to be cut from the Regional Medical Center at Memphis.
* And with Merck and Schering-Plough destined to merge later this year, the job cuts are due to step up a notch. If the current round is part of the previously announced restructuring plan, they’re just a warm-up for an expected 16,000 or so additional cuts.
* Cooper-Standard Automotive Inc. is cutting about 600 global salaried employees as it reorganizes into a regionally-focused corporate structure, the supplier said today. About 130 of the cuts are in southeast Michigan.
* Friday, personal products distributor Summer Infant, Inc. (SUMR: News ) said it has implemented certain debt reduction and cost-cutting measures, including reduction of about 10% of its workforce.
* ORLANDO, Fla. — Nearly 800 jobs are being eliminated at Walt Disney World, sources told WKMG-TV.
* Northern Arizona University will cut 45 jobs and close four satellite campuses as a result of cuts in state funding.
* Edwards Angell Palmer & Dodge LLP this week cut 25 lawyers and 35 non-legal staff, citing unprecedented economic challenges, the law firm confirmed Friday. The firm also said it was deferring the start dates of first-year associates from September to March 2010.
* Insite Vision Inc. (ISV: News ) announced a restructuring to support its focus on identifying and developing ophthalmological products for unmet eye-care needs. The company’s restructuring resulted in the elimination of 15 positions or 52% of its employees.
* Rockwell Automation Co., the Milwaukee industrial manufacturer, said it began laying off employees at two Northeast Ohio facilities and at plants worldwide “in response to declining economic conditions,” according to a spokesman
* Evotec says that 50 positions out of 420 will get eliminated from the entire organization in the U.S., U.K., and Germany.
* All told, 15 jobs were lost, including two in Massachusetts, a company spokeswoman said.
* TRW spokesman John Wilkerson said about 25 people have been laid off
* IC Corp. has laid off about 170 workers at its school bus manufacturing plant in Conway, a spokesman for parent company, Navistar International Corp., said Thursday.
* For the second time in six months Lionsgate has eliminated 8% of its staff.
* A spokeswoman for Gibson, Dunn & Crutcher confirmed that the firm has laid off 36 staff members across its nine U.S. offices.
* A Japanese manufacturer plans to close its Bellefontaine factory in July, eliminating 290 jobs.
* MORE than 140 staff at Flextronics are facing redundancy this Friday after a review of the firm’s operation in Raheen concludes.
* Pacific Brands announced yesterday it would end manufacturing at two of its plants, resulting in 38 job losses in Christchurch and 51 in Palmerston North.
* Finnish state-owned arms maker Patria said in a statement Thursday it would cut 43 jobs and lay off a further 31 workers until further notice.
* Clean energy project investment manager Climate Change Capital said on Thursday it was reducing the headcount at its offices in the U.S. and Britain.
* Societe Generale (SOGN.PA) said it will cut around 10 percent of staff from its private banking arm in Asia excluding Japan due to volatile market conditions.
* South Korea’s state-run Korea Gas Corp. (KOGAS) said Thursday that its board of directors has decided to cut 305 jobs all at once, amid stiff opposition from its labor union.
* NEW YORK Koenig & Bauer AG President and CEO Albrecht Bolza-Schuenemann resigned today from all offices at the German press manufacturer during a supervisory board meeting, at which the company announced orders had declined 20% year to year and revenue of 1.5 billion euros represented a 10% decline.
* Restructuring continues apace at Rossignol group. Hit hard by a drop in sales (or a serious miscalculation in demand according to the trade unions) the group plans to fire 450 staff, 275 of them in France.
* With more than 5,000 crime fighters and villains in its library, Marvel Entertainment is looking for some help in adapting those characters into films.
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