April 30 – The Layoff List is Moving to http://www.layofflist.org/

Mike: Good morning to all and thanks for visiting The Layoff List.

I am moving The Layoff List postings to http://www.layofflist.org/.   So please take the time to visit the new location of  The Layoff List and be sure to bookmark it. I hope to make the site a more enjoyable experience for its readers. The new location of The Layoff List should load faster and allow me to offer you more options that aren’t allowed at WordPress.com.

Later this week I’ll have a site redirect enabled and you will sent directly to the new location of The Layoff List, but until then I thought this note would allow for a more comfortable change. 

Let me know what you think should be added or omitted from The Layoff List. Do you want more hiring news, more outside commentary, or more information about government programs?  Your comments are always welcome as well as your layoff stories and tips. If you have any news about layoffs that I’ve not posted, send them along and I’ll make sure they are given some attention.  Thanks. The Layoff List

April 17, 18 – Sony Ericsson will cut 2000 more – Toshiba to dump 3900 temps – ABX to lay off 518 – NXP deletes 622 – Teradyne to release 350 – Media General eliminates 300 – Need a new car? If passed, U.S. ‘Cash-For-Clunkers’ could net you $5,000 – Layoff List is moving to Layofflist.org on Sunday

Just a reminder, I’ll be moving this site to http://www.layofflist.org/ over the next couple of days, so don’t be surprised when you see a redirect notice when accessing this current version of The Layoff List. The new and improved Layoff List will load quicker and allow me to offer some additional items, which are not allowed at WordPress.com. Please visit http://www.layofflist.org/ and let me know what I can do to make your visits more rewarding. Thanks ………....

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Mike: A  relatively quiet day again for layoff announcements of  the larger kind. Hopefully this latest week is not merely a lull in the action. I’m going out this weekend to test my new Canon camera, so if I shoot anything of interest, I’ll post for comment. I hope you all have a fine weekend.

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Yesterday’s jobless claims number was a positive sign in a lengthy period of negative reports. With stimulus money being spent and sent to states for large projects, the worst of the job losses may be coming to a close. There are a number of indicators that suggest when the four-week jobless claims moving average starts to decline, the recession hits bottom within a couple months. Keep your fingers crossed that the four-week claims continue to decline. While there are still many economic obstacles in the path to economic growth, these signs of improvement are encouraging. The following article shows the relationship between peak unemployment and economic recovery:

He points to one indicator in particular with a remarkable track record: the number of Americans filing new claims for unemployment benefits. In past recessions, it has hit its peak about four weeks before the economy hit a trough and began to grow again. As of right now, the four-week average of new claims hit its peak of 650,000 in the week ended March 14. Based on the model, “if there’s no further rise, we’re looking at a trough coming in April or May,” he said, which is far earlier than most forecasts currently anticipate.

via RGE - Initial unemployment claims and the end of recessions.

 

New Claims for Unemployment - (4-week averages)

Onto the news:

Mike: The US imprisons more people per capita than any other country in the world and the prison population isn’t even considered when tabulating unemployment. Why not save the taxpayer a bunch of money and give some model prisoners the ability to do some work? We give tax cheats and dishonest bankers great government gigs, so why not give some petty criminals a mop? What are your thoughts?

- COLUMBUS, Ohio (AP) — Ohio wants to use prisoners to replace Statehouse janitors and groundskeepers who were laid off because of budget cuts, angering a labor union.

The state board that operates the building says it will probably use two inmates to do grounds work and another five for night cleaning.

via The Associated Press: Ohio to give prisoners laid-off janitors’ jobs.

- As of year-end 2007, a record 7.2 million people were behind bars, on probation or on parole. Of the total, 2.3 million were incarcerated.[7] More than 1 in 100 American adults were incarcerated at the start of 2008.

via Incarceration in the United States - Wikipedia, the free encyclopedia.

 

* Larger layoff announcements and important economic reports:

US/Canada

• Teradyne to cut 350 jobs
  
• Microchip maker NXP sets shutdown date ends jobs of 622
  
• Media General posts wider 1Q loss, cuts 300 jobs
  
• ABX to lay off 518
  
• Twinsburg Chrysler to lay off 450-500
  
• Boeing issues 300 layoff notices 
  
• U.S. ‘Cash-For-Clunkers’
•  U.S. consumer sentiment highest since September 
  

International:

• Toshiba expects bigger loss, contract job cuts 
• Sony Ericsson posts loss, to cut 2,000 jobs 
• Rousse Shipyards lays off 800 employees indefinitely
  

                

Microsoft/Google/IBM and other Rumors/NewsGeneral 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 -

 

- HP extended its lead in the worldwide PC market while Dell slipped a few points and Acer gained a few others to finish the quarter in a virtual tie for the number two spot. The U.S. market in particular held up better than others, with shipments dipping somewhere between 0.3 and 3.1 percent depending on who you ask. But while the worldwide ranking stayed unchanged from last year, Dell’s shipments dropped precipitously in the United States, which cost them the number one spot in the country after a 10-year run as the top shipper of PCs.

via PC shipments drop less than expected, HP overtakes Dell in U.S. market - TechSpot News.

 

- General Economic News -

 

Consumer Sentiment
9:55 AM ET

 

- The Reuters/University of Michigan Surveys of Consumers said its preliminary April reading of consumer sentiment rose to a level of 61.9, up from 57.3 in March and was the highest since 70.3 recorded in September.

via U.S. consumer sentiment highest since September - Yahoo! Finance.

 

 

_____________________________________________________________________________________________________________

 

- Consumers would receive vouchers worth as much as $5,000 for trading in models from 2001 or earlier for a new vehicle, under the legislation Sutton proposed March 17. The program may spur sales by more than the 21 percent increase witnessed in Germany in February, Sutton has said.

via U.S. ‘Cash-For-Clunkers’ Proposal May Cover Cars From Overseas – Bloomberg.com .

 

Mike: The crooks and tax dodgers that have been part of the initial Obama administration is staggering. I’m sure there are a few honest, ethical and trustworthy individuals running his economic teams, but the people who show a complete lack of those positive traits seem to increase in number on a regular basis.  

- NEW YORK (AP) — An investment company run by the head of the Obama administration’s auto task force has been accused of paying more than $1 million to an aide to New York’s former comptroller in a bid to win a lucrative deal with the state pension fund.

via Obama’s auto adviser linked to NY pension probe - Yahoo! Finance.

 

- ATLANTA (AP) — Delta Air Lines Inc. no longer is outsourcing reservation calls to India after years of complaints from customers who preferred to speak to someone in the United States.

via The Associated Press: Delta no longer sending reservation calls to India.

 

 

Stuart Carlson - Apr 17

 

- But now a study highlights another area where workers laid off from companies with fewer than 20 workers get pinched: The 65 percent government COBRA subsidy to help people extend their health insurance is either not available to them or not as comprehensive in many states.

via Can You Count on a COBRA Subsidy? Maybe Not – On Health and Money (usnews.com).

 

 

- Government Layoff News -

 

- Fifty jobs will be lost after the state Department of Corrections announced the October closing of the annex portion of the Lakeview Shock Incarceration Correctional Facility, a minimum security prison in Brocton.

via 50 JOBS TO BE CUT - ObserverToday.com | News, Sports, Jobs, Community Information – Dunkirk | The Observer.

 

- The President of Plattsburgh State University says job cuts are coming.

via WCAX.COM Local Vermont News, Weather and Sports-Job Cuts Coming to Plattsburgh State.

 

- BROCKTON – City firefighters have given up $150,000 in overtime pay to save 20 jobs.

via Brockton firefighters give up overtime to save jobs – Brockton, MA – Wicked Local Brockton.

 

- More than a dozen city employees lost their jobs this morning as North Port continues to adjust to the recession. City Manager Steve Crowell announced 24 job cuts this morning, 14 in jobs that are occupied and 10 unfilled positions.

via City of North Port cuts 24 jobs | HeraldTribune.com | Sarasota Florida | Southwest Florida’s Information Leader.

 

- The new 32-hour work week begins Monday. It affects 84 employees in 11 departments,

via Mansfield moving to 32-hour work week | mansfieldnewsjournal.com | Mansfield News Journal.

 

- US and some Canada Layoff News -

 

- Teradyne Inc. will eliminate 350 jobs and further reduce its executives’ annual salaries as part of ongoing plans to lower expenses as demand for chip making equipment continues to decline, the chip testing equipment maker said in a regulatory filing.

via Teradyne to cut 350 jobs, further lower exec pay – Forbes.com.

 

- And with that, 622 jobs are set to expire between June 24 and July 8, according to a plant-closing notice the company filed with the state Department of Labor on Monday.

via Microchip maker sets shutdown date | PoughkeepsieJournal.com | Poughkeepsie Journal.

 

- The Richmond, Va., company also said it cut its work force by nearly 300 jobs in the week of March 31 and plans to freeze its pension plan at the end of May.

via Fort Mill Times | FortMillTimes.com – Media General posts wider 1Q loss, cuts 300 jobs – Fort Mill, SC.

 

- MOUNT VERNON, Ill. – Anheuser-Busch says it will close its facility in southern Illinois later this year, costing about 80 jobs.

via Anheuser Busch closing Mount Vernon warehouse — chicagotribune.com.

 

- CARNEYS POINT TWP. – Feeling the pinch of the tough economic times, the Salem Community College Board of Trustees has approved the elimination of seven positions and reworked over a dozen others in order to close a budget shortfall.

via Seven jobs cut at SCC – NJ.com.

 

- LEWISBURG — A weakened global and domestic economy has forced a Lewisburg recreational equipment manufacturer to lay off 38 employees.

via The Daily Item, Sunbury, PA - 38 lose jobs at Playworld.

 

- NEW YORK (AP) — The New York Times is cutting sections and trimming its budget for freelance contributions in another round of belt tightening aimed at coping with a steep decline in ad revenue.

via The Associated Press: New York Times to cut sections, freelance budget.

 

-Country Fresh management told TV5 the closing is due to economic conditions, excess product and the need to shift production.

The facility has 180 employees, but 110 jobs will be directly affected.

via Country Fresh Dairy Plant In Flint To Close - News Story – WNEM Saginaw.

 

- The move will affect 79 workers, according to data submitted to the state.

via Shelbyville factory to close – Business – Kentucky.com.

 

- Vale Inco employs about 5,000 workers in Ontario mostly at the two operations. It also has a major presence in northern Manitoba and in Labrador, where it operates the Voisey’s Bay mine.

via Inco closing for eight weeks - The North Bay Nugget – Ontario, CA .

 

- Workers at the Clarksville plant lost their jobs, some of whom had worked here since the plant opened in 1967. Mac Betts has put in 35 years of his life working here. Now he doesn’t know what to do.

via Holcim closed, community faces uncertainty : News : KHQA .

 

- DHL Express’ decision to reactivate its Cincinnati/Northern Kentucky (CVG) facility will mean the movement of about 180 full-time positions and 650 part-time positions from Wilmington to the Northern Kentucky airport, a DHL spokesman said this morning, April 17.

via DHL decision means loss of 830 jobs total.

 

- The Suncadia resort near Cle Elum laid off 40 employees Wednesday, according to the Ellensburg Daily Record.

via Business & Technology | Suncadia lays off 40 employees | Seattle Times Newspaper.

 

- More than 500 ABX Air employees are getting laid off in the latest round of job losses announced Thursday.

via ABX to lay off 518.

 

- UAW Local 122 president Doug Rice said 450 to 500 employees will be laid off starting April 20. Rice said those laid off include assembly plant and maintenance workers as well as skilled trades workers. 

via Twinsburgbulletin.com – Twinsburg Chrysler to lay off 450-500 .

 

- Three employees have been laid off from the admissions and financial aid office as part of the effort to trim $72 million from the College’s budget by 2011, according to Dean Maria Laskaris.

via TheDartmouth.com | College lays off three from admissions office.

 

- Sixty of the 120 employees of the third-generation, family-owned iron castings company are on temporary layoff, said Jim Kirsh.

via WISCONSIN STATE JOURNAL.

 

 

-GARY | About 40 U.S. Steel Corp. workers were recently laid off, some permanently, because of problems with a blast furnace, local union officials confirmed Thursday.

via U.S. Steel lays off some workers, terminates other / nwi.com.

 

- Rocked by the financial markets and by donors also rocked by the markets, the UND Foundation and its sister organization, the UND Alumni Association, earlier this week laid off four of its 44 employees, spokeswoman Leanna Ihry said.

via UND Foundation lays off 4 | Grand Forks Herald | Grand Forks, North Dakota .

 

- CHICAGO (AdAge.com) — Doner is the latest ad agency to undergo major staff cuts amid the economic downturn.

The Southfield, Mich.-based independent shop laid off more than 100 people this week,

via Advertising Agency Doner Lays Off More Than 100 Staffers - Agency News – Advertising Age.

 

- Boeing today will issue about 300 layoff notices companywide.

About 120 of those will go to employees in the Puget Sound region, about 100 of them in the Commercial Airplanes division.

via Business & Technology | Boeing issues 300 layoff notices | Seattle Times Newspaper.

 

- Three months after eliminating dozens of jobs at its Kansas City plant, Harley-Davidson will lay off 70 more local workers in response to sluggish sales.

via 70 more layoffs coming at Harley-Davidson plant in KC - Kansas City Star.

 

- At a joint meeting Wednesday night, leaders of two local railroad unions, the United Transportation Union and the Brotherhood of Locomotive Engineers and Trainmen (BLET) told members to prepare for big layoffs in Buffalo.

via wgrz.com | Buffalo, NY | Railroad Workers Preparing for Layoffs In Buffalo.

 

- Seventeen non-clinical employees at Jackson Hospital were laid off this week, representing about 1.5 percent of the total work force at the Pine Street hospital, said hospital spokesman Peter Frohmader.

via Jackson Hospital announces layoffs | montgomeryadvertiser.com | Montgomery Advertiser.

 

 

- International Layoff News -

 

- The company will cut 3,900 contract workers in Japan by March of next year, according to spokeswoman Hiroko Mochida. That is in addition to the 4,500 Japanese contract workers it previously said would be cut by last month.

via Toshiba expects bigger loss, contract job cuts - Yahoo! Finance.

 

- STOCKHOLM (AP) — Mobile phone maker Sony Ericsson on Friday posted a euro293 million ($387 million) net loss in the first quarter on falling sales and said it would slash an additional 2,000 jobs to cut costs.

via Sony Ericsson posts loss, to cut 2,000 jobs - Yahoo! Finance.

 

- The entire workforce of the Rousse Shipyard is being laid off until further notice as of April 27, the press service of the company has said, as reported by Dnevnik daily.

via Your Shipbuilding News – Rousse Shipyards lays off 800 employees indefinitely.

 

- AN INVERNESS building firm is to cease trading with the loss of 22 jobs, making it the latest casualty of the recession in the Highlands

via Building firm ceases trading with loss of 22 jobs - Press & Journal .

 

- Howard Kennedy has kicked off a redundancy consultation with 40 jobs at the West End firm under threat.

via Howard Kennedy to cut 40 in new round of layoffs – Legal Week, legal news, comment, events and legal jobs.

 

- ALLENS Arthur Robinson has become the latest big firm to impose a pay freeze to deal with what is expected to be one of the most testing years for the legal services industry.

via Allens Arthur Robinson offers redundancies | The Australian.

 

- Groundwork and demolition specialist Keltbray has said it will be forced to lay off staff as medium-sized commercial jobs dry up

via Commercial drought forces Keltbray to plan redundancies - Building.

 

- LONDON — Printed circuit board manufacturer Ruwel GmbH (Geldern/Pfullingen, Germany), which filed for insolvency earlier this year but continued to operate at a reduced level, is now planning to commence redundancies amongst its 600 staff.

via Redundancies to start at insolvent Ruwel.

 

- A Newcastle holiday firm is to close down with the loss of 108 jobs.

via BBC NEWS | UK | England | Tyne | Jobs lost as travel agent closes.

 

- TYNEDALE’S unemployment blackspot has suffered a further blow with the announcement that 28 jobs are to go at one of its factories.

via Hexham Courant | News | News at a Glance | 28 jobs lost at Haltwhistle factory .

 

- ISLAMABAD: As many as 308 non-gazetted government employees are being laid off from the Statistics Division by July 30, 2009, The News has learnt.

via 300 FBS employees to be laid off.

 

 

 

- Hiring News and News You Can Use -

 

- RALEIGH — Gov. Beverly Perdue proposed a new program Thursday designed to quickly retrain people and match them with jobs where there are shortages.

At a news conference at WakeMed, Perdue said she would use $13.4 million in federal stimulus money to start accelerated six-month training programs for 12 occupations. She called it “12 in 6.”

via Training to match workers to open jobs - Local & State – News & Observer.

 

- The projects, which total $956 million, are expected to add 1,300 jobs, according to estimates. It will also repair electric lines and replace many of the state’s 2,500 miles of aging gas pipes.

via $956M in utility projects to add 1,300 jobs – NJ.com .

 

- April 16 (Bloomberg) — Research In Motion Ltd. Co-Chief Executive Officer Mike Lazaridis plans to keep hiring to spur the flow of new BlackBerry models, signaling the phone maker is withstanding a recession that forced rivals to trim payrolls.

via RIM Plans More Hiring as Rivals Cut Jobs in Recession (Update1) – Bloomberg.com .

 

- BUFFALO, N.Y. (WIVB) – Help is wanted at the New Embassy suites. They’re looking to hire up to 90 people as they prepare to open this summer, and a popular theme park is looking for 400 workers.

via Hundreds of jobs available in WNY | WIVB.co

 

- ADS Inc., a company that supplies special operations gear to the military, announced Thursday that it plans to hire 10 workers after winning a contract worth at least $153.6 million to sell flame-resistant garments to the U.S. Army.

via Beach company will add jobs after winning Army contract | HamptonRoads.com | PilotOnline.com.

 

- Faneuil said it will hire about 180 full-time employees and additional support staff for the project. It currently employs 2,400 at 12 offices statewide.

via Florida unemployment offices adding jobs, new call center - St. Petersburg Times.

 

- Jobs are hard to come by these days, but Live Nation is offering an opportunity to pick up one for the summer. The concert promoter/venue operator has nearly 1,500 seasonal jobs at The Gorge, in Eastern Washington, and Auburn’s White River Amphitheatre. Positions range from stagehands to T-shirt sellers, and pay around $9 to $15 per hour.

via Music & nightlife | Live Nation hiring nearly 1500 for summer jobs at The Gorge and White River Ampitheatre | Seattle Times Newspaper.

 

- Job creation, economic investment and the development of renewable energy will be the key points highlighted by Vice President Joseph Biden and Commerce Secretary Gary Locke during an event at the ABB manufacturing facility in Jefferson City, Mo., today, where they will join representatives of Wind Capital Group (WCG), Associated Electric Cooperative Inc. (AECI), ABB, GE Energy, United Auto Workers (UAW) and RMT to announce the development of the Lost Creek Wind Farm. This new project is expected to create over 2,500 jobs.

via North American Windpower: Content / Projects & Contracts / Biden Visits Missouri; New Wind Project Announced.

 

- Census Bureau officials want to count you — and they want you to count.

via Census looks to fill 3,000 jobs in state | greatfallstribune.com | Great Falls Tribune.

 

Mike: A  relatively quiet day again for layoff announcements of  the larger kind. Hopefully this latest week is not merely a lull in the action. I’m going out this weekend to test my new Canon camera, so if I shoot anything of interest, I’ll post for comment. I hope you all have a fine weekend.

Just a reminder, I’ll be moving this site to http://www.layofflist.org/ over the next couple of days, so don’t be surprised when you see a redirect notice when accessing this current version of The Layoff List. The new and improved Layoff List will load quicker and allow me to offer some additional items, which are not allowed at WordPress. Please visit http://www.layofflist.org/ and let me know what I can do to make your visits more rewarding. Thanks ………….

 

more about “The Daily Show with Jon Stewart Offic…“, posted with vodpod

 

 

 

Gary Markstein - Apr 17

 

 

top

April 16 – Jobless Claims fall to 610,000 – Record 6 million remain on unemployment – Housing starts fall to second lowest on record – Yahoo plans to eliminate up to 600 – Russell Investments cutting 400 – Harley-Davidson to cut 400 more

Mike: I hope you are all having a great Thursday and thanks for visiting. 

-

The number we are all looking at today is the Jobless Claims  number. A second important number that will give of view of the economy’s health is the Housing Starts  report. Both of those economic indicators will be available at 8:30 Eastern. 

There was finally some better news to report on the jobless claims numbers as 53,000 less applied for unemployment than the previous week. Although the previous week was adjusted upward from 654,000 to 663,000. While the 610,000 is a significant improvement, we need to wait for the revised number before we know if  that improvement is accurate. For the past five months, nearly all the initial jobless claims numbers came in higher once revised. Any improvement is a positive, especially when the weekly bounces are removed for the four-week moving average report. This is two consecutive weeks of improved jobless claims, so let’s hope this is a trend. I have to say that I have seen less layoff action the past couple weeks. While this blogger can’t account for nearly all the layoff announcements that happen on a weekly basis, I have noticed that there seems to be a slowing of the pace of announcements. 

Not all the news was positive today, as housing starts dropped to a near record low in March of 510,000 units. Even with abnormally lowinterest rates and better housing prices, people are not signing the number of new home contracts that would be expected. But with over 600,000 people losing their jobs each week, it may be a case of people waiting till they see some economic stabilization before they buy a new home. 

- A cautionary note: There is also the issue of job creation. I have mentioned that US needs to CREATE 120,000 jobs a month to merely keep even with job population growth. So if we are still losing 600,000 jobs a week and we need to create 120,000 each month, where does that leave us? I’ll do some simple math and divide 120,000 by 4 = 30,000 per week. So on top of the 600,000 lost, we aren’t creating the 30,00o jobs a week to keep even. Therefore job loss is magnified, but not reported, by 30,000 a week. 

Additionally, since last week was a short work week due to the Easter holiday, some job cuts may have been postponed till this week. We’ll know more about that next week. 

I somewhat discount the continuing claims number and its record breaking habit simply because unemployment benefits have been extended to 72 weeks in some states. I don’t recall unemployment benefits reaching that length of time previously, so it would make sense that more people remain on benefits. If benefits lasted only 50 weeks, that number would start to decline as people exhausted benefits. Once the latest 13-week increase ends, this number is likely to decline as a result.

If jobs losses continue to improve, we will be fortunate indeed, since an economy cannot rebound without job creation. I look forward to posting fewer job loss announcements and more hiring announcements! 

Onto the news of the day………..

The 610,000 new claims for unemployment insurance was 53,000 less than the 663,000 seen in the April 4 week; Labor initially reported 654,000 new claims that week.

The four week moving average in the current week fell 8,500 to 651,000, the first decline since mid-January.

via US ECON: Jobless Claims Fall to 610,000, Lowest Since Jan – Forbes.com.

-

The Labor Department says its tally of initial jobless claims dropped to a seasonally adjusted 610,000 from a revised figure of 663,000 the previous week. That is significantly below analysts’ expectations of 655,000.

The number of people claiming benefits for more than a week increased to 6 million, the highest on records dating to 1967.

via The Associated Press: New jobless claims fall unexpectedly to 610,000.

 

 

Chan Lowe - Apr 16

 

-

* Larger layoff announcements and important economic reports:

US/Canada

• Tacoma’s Russell Investments cutting 400 jobs
• Harley-Davidson to cut (400) more jobs
  
• New Orleans Hospital to Cut 300 Jobs
  
• US foreclosures up 24 percent in 1st quarter
  
• Yahoo plans to eliminate up to 600 jobs
  
• Reading Hospital cutting 250 jobs 
  

International:

1. T-Mobile restructure risks call centre jobs

          

Microsoft/Google/IBM and other Rumors/NewsGeneral 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 -

 

- The layoffs, the first since Chief Executive Officer Carol Bartz joined in January, could be formally announced Tuesday, when the Sunnyvale Internet company reports first-quarter earnings.

via Yahoo plans to eliminate up to 600 jobs.

 

- Yahoo CEO Carol Bartz is planning a new round of job cuts according to the reports as the company continues to cope with the aftermath of a downturn in online advertsing sales.

The New York Times and  Reuters, citing several people with knowledge of the plans, said the layoffs could affect several hundred employees and may be announced as early as Tuesday when Yahoo reports its first-quarter earnings.

via MediaFile » Blog Archive » Yahoo planning more job cuts | Blogs | .

 

- The Silicon Valley company is seeking buyers for the HotJobs employment site, people familiar with the company’s plans said on Wednesday, adding that other acquisitions could follow HotJobs out of the door. Yahoo struck a deal to buy the site in 2001 for $436m in cash and stock.

via FT.com / Companies / Technology - Yahoo ready to sell Hot Jobs.

 

- General Economic News -

 

Jobless Claims
8:30 AM ET

Housing Starts
8:30 AM ET

- WASHINGTON (Reuters) — The number of workers filing new claims for unemployment benefits unexpectedly fell last week, government data on Thursday showed, but the number of people continuing to receive benefits rose to a fresh record.

Initial claims for state unemployment insurance benefits fell 53,000 to a seasonally adjusted 610,000 the week ended April 11 from a revised 663,000 the week before, the Labor Department said. The slowdown of new claims for jobless benefits would be a good sign, if it continues.

In a second report, the Commerce Department said housing starts fell 10.8% to a seasonally adjusted annual rate of 510,000 units, second lowest on records dating back to 1959, from February’s downwardly revised 572,000 units.

via Mixed signals as jobless claims and housing starts both drop - USATODAY.com.

 

____________________________________________________________________________________________________________

WASHINGTON (AP) — The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released Thursday.

The big unknown for the coming months, however, is President Barack Obama’s plan to help up to 9 million borrowers avoid foreclosure through refinanced mortgages or modified loans. The Obama administration expects its plans to make a big dent in the foreclosure crisis. But it remains to be seen whether the lending industry will fully embrace it, despite $75 billion in incentive payments.

via US foreclosures up 24 percent in 1st quarter - Yahoo! Finance.

 

- With unemployment at 9.4 percent in Florida and nearly 50,000 new applications for food stamps each month, the state has paid JPMorgan Chase nearly $50 million over the past three years to provide food stamp program services, which include customer service call centers in Bangalore and Gurgaon, India.

“She’s got every right to be incensed,” said state Rep. Juan Zapata, R-Miami, chairman of the House Human Services Appropriations Committee. “I can understand why she would feel that this is just not a good policy. We’ll definitely look into it.”

Spokesmen for Gov. Charlie Crist and Department of Children and Families Secretary George Sheldon declined a request for comment.

via Florida food stamp jobs in India aggravate recipients, officials.

 

- LOS ANGELES (AP) — The nation’s second-largest shopping mall owner, General Growth Properties, filed for Chapter 11 bankruptcy protection Thursday in a tough bargaining move to restructure it’s $27 billion in debt.

via Mall operator files for bankruptcy protection - Yahoo! Finance.

 

 

Tom Toles - Apr 16

 

 

- Government Layoff News -

 

- ELYRIA, Ohio — Ten Elyria firefighters are now out of work, laid off because of budget cuts.

via City Cuts 10 Firefighter Jobs - News Story – WEWS Cleveland.

 

- The Interim Louisiana State University Public Hospital in New Orleans is planning to cut 300 jobs in response to $24 million in state budget cuts, according to the Times-Picayune.

via New Orleans Hospital to Cut 300 Jobs – The Hospital Review.

 

- San Jacinto Unified School District trustees voted Tuesday to eliminate almost 30 nonteaching jobs, effective July 1.

via San Jacinto Unified eliminates jobs, makes other cuts | Inland News | PE.com | Southern California News | News for Inland Southern California.

 

- PORTLAND, Ore. — Administration will be downsized. Teacher in-service and possibly even class days will be lopped off the school year. Staff positions will be cut. Classes will be larger. And those working for the public schools system will pay higher premiums for health care.

via Painful cuts for Portland schools | Education | kgw.com | News for Portland Oregon and SW Washington .

 

- US and some Canada Layoff News -

 

- MILWAUKEE (AP) — Harley-Davidson Inc. said Thursday it expects to cut up to 400 more jobs as its first-quarter profit tumbled 37 percent due to a sluggish motorcycle market.

via Harley-Davidson to cut more jobs as 1Q profit dips – Yahoo! Finance.

 

- TACOMA, Wash. — Downtown Tacoma’s biggest employer, Russell Investments, is giving layoff notices Wednesday to about 400 of its 2,000 workers.

via Tacoma’s Russell Investments cutting 400 jobs.

 

- About 40 workers will lose their jobs when the Beaver plant closes at the end of the month. Da-Tech is helping workers to find other jobs.

via Da-Tech to close WVa plant | AP | 04/15/2009.

 

- SPOKANE – The local medical community is bracing for more job losses after Sacred Heart Medical Center announced it was laying off 19 positions Wednesday afternoon.

via KXLY.com: News, Weather and Sports for Spokane, WA and Coeur d’Alene, ID | Sacred Heart announces job cuts.

 

- New York–Ultra Stores Inc., the 181-unit chain that filed for Chapter 11 bankruptcy protection last week, will close a dozen underperforming stores in six states and two territories as the chain moves forward with its plan to reorganize and emerge from bankruptcy.

via Ultra Stores to close 12 locations.

 

- OMAHA, Neb. (AP) – Qwest Communications announced Wednesday it will close its customer service call center in Omaha, which employs 176 people.

via KTIV NewsChannel 4 Sioux City IA: News, Weather and Sports-Qwest closing Omaha call center affecting 176 jobs.

 

- The Fred Hutchinson Cancer Research Center has joined the list of organizations announcing layoffs, by eliminating 83 jobs, or about 3 percent of its workforce. The Seattle-based nonprofit research institute said in a statement that it made the budget cuts to offset the drop in charitable giving that it counts on.

via Hutch Cuts 83 Jobs To Cope with Drop in Philanthropy | Xconomy.

 

-Declining revenues have the Kansas State University foundation downsizing. The foundation announced Wednesday it will eliminate 13 staff positions.

via KSU Foundation Cuts 13 Jobs / Kansas News Leader .

 

- Melba Industries, which supplies protective fabrics to the armed services and firefighters, has been in voluntary administration since February and is now likely to go into liquidation.

via Vic textile company to shed 170 jobs.

 

- PMP Print has announced a restructure at its Clayton print site in Victoria that will see the loss of 67 jobs.

via PMP cuts 67 jobs in Victoria > News > ProPrint .

 

- Postal officials confirm they’ll cut 26 jobs on Staten Island

via Postal officials confirm they’ll cut 26 jobs on Staten Island - SILive.com .

 

- MADISON (WKOW) — Land O’Lakes will close its butter manufacturing plant in Madison, leaving around 120 workers out of a job.

via WKOW 27: Madison, WI Breaking News, Weather and Sports -Land O’Lakes closing Madison plant, 120 jobs lost.

 

- RIVERBANK — The long-planned closure of a 66-year-old Army ammunition plant has begun, with pink slips going out to 30 of its employees.

via Layoffs begin at ammo plant - Business – The Modesto Bee.

 

- GRAMBLING, La. (AP) – Grambling State University will make about 30 personnel cuts as it responds to a scheduled 16% budget cut for the state’s next fiscal year.

via WXVT-TV Delta News – More Local News and Weather WXVT.com | Grambling planning about 30 staff cuts.

 

- Cambridge-based provider of engineering data and design software, Aveva, has announced that it will be reducing its workforce by 10 per cent amid difficult market conditions.

via Aveva staff cuts - News – The Engineer.

 

- Officials of the union that represents about 200 Indianapolis Star staff members last night agreed to what amounts to a 12-percent pay cut this year in contract negotiations with the newspaper’s struggling parent company, Virginia-based Gannett Co. Inc.

IBJ.com – Indianapolis Business Journal – Story Detail.

 

- DALLAS (AP) — Southwest Airlines Co. reported a surprisingly large loss in the first quarter due to weak traffic in the recession, and the company said it was freezing hiring and offering buyouts to employees to trim its work force.

via Southwest Airlines posts 1Q loss, plans buyouts - Yahoo! Finance.

 

- A reorganization that consumer-electronics retailer Best Buy Co. is rolling out will lead to job cuts and lower pay for thousands of Best Buy store employees, an analyst said Wednesday.

via Best Buy cuts wages, jobs in its stores - BusinessWeek.

 

- GREENSBORO — The News & Record is cutting 25 jobs in its latest step to reduce costs resulting from the recession and its impact on advertising revenue.

via News & Record cuts 25 jobs : News-Record.com : Greensboro & the Triad’s most trusted source for local news and analysis.

 

- Last November, fiberglass manufacturer PPG announced plans for a multimillion-dollar plant expansion and the addition of 120 jobs in Shelby.

Instead, now PPG is cutting 90 current positions by next month.

via Cleveland County plant cutting 90 jobs | CharlotteObserver.com.

 

- Officials of the society, the keeper of the state’s historic sites and treasures, announced this afternoon that 94 full-time and part-time employees wwould be laid off July 1, the beginning of the new fiscal year.

via Historical Society may slash jobs, hours, close 3 sites.

 

- The University of Florida will consider eliminating 748 jobs and closing several academic programs to save about $75 million if the next state budget requires cuts approaching 10 percent, university President Bernie Machen said today.

via UF considers eliminating 748 jobs, closing several academic programs — OrlandoSentinel.com.

 

- Reading Hospital plans to reduce its workforce by 3.9 percent or 250 positions through attrition and layoffs, according to a hospital news release issued this morning.

via Reading Hospital cutting 250 jobs – themorningcall.com.

 

- There have also been layoffs at Electra’s largest employer. Coming with the fire that burned down the Agriboard plant there, this is just more salt on the wound. NATCO won’t give us a number — a spokesperson only says that the layoffs amount to half a percent of its worldwide staff.

via Electra Employer Cuts Staff.

 

 

- International Layoff News -

 

- HONG KONG, April 15 (Reuters) – Japanese brokerage Nomura Holdings Inc has cut another 50 investment banking jobs in Asia, excluding Japan, sources close to the matter said on Wednesday

via UPDATE 1-Nomura cuts 50 investment banking jobs in Asia – Forbes.com.

 

- April 16 (Bloomberg) — Shinsei Bank Ltd. plans to cut “hundreds” of jobs at the consumer lending unit it bought from General Electric Co. last year as it closes branches to weather an industry contraction, the head of the division said.

via Shinsei to Cut Jobs at Former GE Japan Lending Unit (Update1) – Bloomberg.com .

 

- T-Mobile is overhauling its customer service division by cutting a UK based and outsourced call centre company, which may risk an expected 500 jobs.

via T-Mobile restructure risks call centre jobs - Mobile Today.

 

 

- Hong Kong’s biggest port operator has sacked 28 staff, and a trade union claims the company will sack a total of 80 under a plan to reduce costs by 20 percent, the South China Morning Post reported.

via Welcome to CargonewsAsia.com.

 

 - Piling and foundation engineer Roger Bullivant is to cut up to 95 more jobs and reduce employees’ pay by 10%.

via Roger Bullivant to cut pay 10% and cut up to 95 jobs - 16/04/2009 – Contract Journal.

 

- NEW DELHI: Private airline Jet Airways is restructuring its business operations that would trim its workforce and enhance efficiency.

via Jet Airways to recast ops, 390 jobs may go- Airlines / Aviation-Transportation-News By Industry-News-The Economic Times.

 

- German auto parts company Schaeffler Group KG said Thursday that it will cut 195 jobs at a French unit and end production at a plant there as it struggles with weak demand for cars.

via Schaeffler cuts 195 jobs in France - Forbes.com.

 

- The Hong Kong-based airline is requesting its staff to take unpaid leave over the course of the next 12 months, it said in a statement.

via Cathay Pac cuts capacity, staff to take unpaid leave | Industries | Industrials, Materials & Utilities | Reuters .

 

- Sputnik Communications has made three staff redundant, including MD Penny Porter, who had been in the role for just eight months.

via Sputnik cuts more staff - PRWeek UK.

 

- Struggling print and distribution group, PMP Ltd, will axe up to 67 jobs from its Victorian operations as market conditions worsen.

via PMP axes 67 jobs; cuts profit target | The Australian.

 

 

- Hiring News and News You Can Use -

 

- Sen. Jack Reed said, “These projects are shovel-ready and will put an estimated 150 Rhode Islanders to work upgrading runways and lighting to make these airports safer and more efficient.”

via Airport renovations mean 150 jobs | Business | projo.com | The Providence Journal .

 

-State regulators delivered a booster shot to the state’s economy this morning, approving nearly $1 billion in utility infrastructure spending that will create about 1,300 new jobs.

via State OKs $1 billion in utility projects, creating 1,300 jobs | APP.com | Asbury Park Press.

 

- Fifty-five new natural resource conservation projects in 20 states — many having to do with building and sustaining conservation initiatives on cropland — will bring up to 1,500 new jobs into the U.S. economy in the coming months, Secretary of Agriculture Tom Vilsack said Thursday morning.

via Vilsack: Conservation projects will create 1,500 new jobs.

 

Mike: Have a great evening and I’ll see you tomorrow.…………….

 

 

more about “The Daily Show with Jon Stewart Offic…“, posted with vodpod

 

 

 

 

Don Wright - Apr 16

 

 

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