April 9 – Jobless claims fall to 654,000 – Continuing jobless claims at record 5.84 million – Lloyds to cut 25,000? – LyondellBasell chops 3000 jobs – Country Coach lays off 460 – 3M offers 3,600 early retirement

Mike: Today’s Jobless Claims number came in at 654,000, which was still in recession territory, but an improvement nonetheless. According to The Associated Press: New jobless claims fall more than expected to 654K.to a seasonally adjusted 654,000, down from a revised 674,000 the previous week. Analysts expected claims to drop to 660,000. A stabilizing job picture would give companies some confidence to do some hiring in expectation of the recessions end, which would be good news for many currently searching for work.

First-time claims for state unemployment benefits dipped a seasonally adjusted 20,000 to 654,000 in the week ended April 4, reaching a level that is 83% higher than the same period in the prior year, the Labor Department reported Thursday. The four-week average of these initial claims fell 750 to 657,250. For the week ended March 28, the number of people collecting state unemployment benefits reached yet another new record, gaining 95,000 to 5.84 million – double the level in the prior year.

via Initial jobless claims dip; continuing claims hit new record - MarketWatch .

 

- There were 20,000 fewer new claims for unemployment insurance last week than the week before.

That was a tiny bit of good news, but here’s the perspective: For the seventh straight week, new jobless claims exceeded 640,000, and they’ve been above 600,000 for 10 weeks.

via New jobless claims fall slightly | Dollars & Sense.

 

Mike: And you can take your pick from the following expert opinions about future economic conditions. My input is that unless millions of jobs are created, the so called recovery will be more like a stalled recession. The consumer is cutting back on discretionary spending; businesses are cutting back on employee hiring, benefits, and salaries; while the federal government is the only entity spending more than they were last year. I’m certainly no expert, but the experts noted below can’t even agree as to when this recession will end.

 

Mike: Rewarding ineptitude, corruption, and poor company performance doesn’t seem to mean less outrageous compensation for the executives who run those failing firms:

 

outback- Outback Steakhouse’s parent company lost more than $700 million last year but it still handed out $2.7 million in performance bonuses to its five senior executives.

In fact, executives with OSI Restaurant Partners had two chances to earn bonuses last year, one tied to the company’s profits and the other to OSI’s efforts to save money.

And this year, senior executives will be eligible for yet another bonus – one designed to keep them from jumping ship.

via Outback lost millions, but executives still getting bonuses | WSLS 10.

 

 

* Larger layoff announcements and important economic reports:
US/Canada

International:

 

Michael Ramirez - Apr 9

Michael Ramirez - Apr 9

 

 

                

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

 

Mike: Federalcontracts awarded to Microsoft totaled $75,584,076 in 2008 and  $27,371,140 so far in 2009.

msft1- Despite having recently announced that it would eliminate up to 5,000 jobs across the board, Microsoft has signed a $170 million, five-year contract with India’s HCL for outsourcing work for its online services, says TechFlash.

 

ibm4- TORONTO, April 9 (Reuters) – IBM (IBM.N) has signed a seven-year deal with Sun Life Financial (SLF.TO) (SLF.N) to manage the insurance giant’s information technology operations in Canada and the United States.

- General Economic News -

Jobless Claims
[Report][djStar]
8:30 AM ET

- April 9 (Bloomberg) — The number of Americans filing first- time claims for unemployment insurance exceeded 600,000 for a 10th straight week and the total collecting benefits increased to a record, signs the labor market remains weak.

First-time jobless claims fell by 20,000 to 654,000 in the week ended April 4, from a revised 674,000 a week earlier that was the highest since 1982, the Labor Department said today in Washington. The number of people staying on benefit rolls rose to a record 5.84 million in the prior week.

via U.S. Initial Jobless Claims Fell by 20,000 Last Week to 654,000 - Bloomberg.com .

 

- NEW YORK (AP) — Consumers continued to shop cautiously in March amid high unemployment and continued home foreclosures, but there were some glimmers of stabilization in retailer’s sales reports on Thursday.
- WASHINGTON (MarketWatch) — Prices of imported goods rose 0.5% in March, matching analysts’ expectations, as petroleum prices rose, the Labor Department estimated Thursday. Import prices are down 14.9% in the past year, the largest year-over-year decline since data was first published in September 1982.
______________________________________________________________________________________________________________
Mike: This is going to be one of the downsides of a recovery, but if more people are working they may be able to afford additional outlays for petro. But once a recovery becomes a reality in a couple years, $52 a barrel will be considered cheap. If you are tempted to buy a gas guzzler because gas prices are cheap, you may want to get a two year lease because gas prices won’t be this cheap once the economy gets cranking again:
- Benchmark crude for May delivery rose nearly 6 percent, or $2.86 to settle at $52.24 a barrel on the New York Mercantile Exchange. Trading was very light on a shortened trading week. Nymex is closed for Good Friday.
- OTTAWA — Canada is shedding jobs at a rate not seen since the deep recession of the early 1980s, as March saw another 61,300 workers join the ballooning ranks of the unemployed.

The loss brought Canada’s official unemployment rate to eight per cent, the worst in seven years.

via The Canadian Press: Economy sheds 61,300 in March as job losses rival early ’80s recession.

 

- GLENWOOD SPRINGS, Colo. (AP) ― As if Colorado needed another sign there aren’t many jobs to go around, a jobs fair in Glenwood Springs has been canceled for lack of potential employers.

Labor officials sent 300 flyers seeking businesses to set up booths at a job fair planned Saturday in this mountain resort town. But only five or six responded, and most of them dropped out. So the fair has been postponed indefinitely.

via Lack Of Jobs Foils Fair - cbs4denver.com .

 

- MORE men at the expense of machines; more drones rather than top-end fighter jets and future bombers; more helicopters for combat troops rather than a replacement for the presidential chopper; more coastal vessels and fewer aircraft-carriers; better cyberdefences, but scaled-back missile defences and laser weapons. In short, the new American defence budget would spend more on today’s wars in Iraq and Afghanistan and less to stave off future threats from China or Russia.

 

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- Government Layoff News -

 

- After failing to win anticipated financial relief from Albany, school officials in Wyandanch have issued layoff notices to 25 teachers and warned of potential cutbacks in student services next year, including all district sports.

via Wyandanch schools to lay off 25 teachers — Newsday.com.

 

- It includes the elimination of about 100 positions, about 60 of which are teachers.

via Albany schools reduce spending, will cut 100 jobs — Page 1 — Times Union – Albany NY.

 

- SARASOTA COUNTY – An unprecedented 335 school district employees will be looking for a new job for next year because of drastic budget cuts and dwindling student enrollment.

via Sarasota school district to slash 335 jobs | HeraldTribune.com | Sarasota Florida | Southwest Florida’s Information Leader.

 

- POWAY — Reacting quickly to projections of a larger-than-expected budget deficit for the coming fiscal year, Poway has laid off seven employees, including Robert Clark, director of its Community Services Department.

via Budget deficit leads city to lay off seven workers, saving $446,000.

 

- Facing an April 15 deadline, the Yuma Union High School District Governing Board voted unanimously 5-0 to send out notification of discontinuance of employment to 99 teachers who will not return for the 2009-10 school year.

 

- US and some Canada Layoff News -

 

country-coach- Luxury motorcoach manufacturer Country Coach announced Wednesday that about 460 employees on furlough since December would be terminated by April 14.

The company, struggling with an economic downturn that’s wiped out demand for recreational vehicles, has been in Chapter 11 bankruptcy since March.

via Country Coach lays off 460 - OregonLive.com.

 

3m- 3M Co. is offering early retirement packages to 3,600 employees, or 11 percent of its U.S. work force, to reduce costs even further amid the economic slowdown.

The voluntary buyout offers follow the manufacturer’s recent moves to cut 3,600 jobs, defer merit pay raises and adjust vacation allowances.

via 3M offers 3,600 US employees early retirement – Forbes.com.

 

lyondellbasell- LyondellBasell says it is slashing 3,000 jobs to help meet the chemical giant’s increased goal of cutting fixed costs by $700 million by the end of 2010.

 

arcelormittal1-It is closing its direct iron reduction unit at Contrecoeur East for an indefinite period as of April 18, with the layoff of 20 to 25 workers,

via Arcelor Mittal closing Quebec unit .

 

starbuck- A Starbucks coffee shop in Oak Park, part of a 1915 brick building renovated by Mayor Kevin Johnson, is one of seven in the Sacramento region and 300 companywide slated for closure.

via Starbucks closing 7 stores in Sacramento area – Sacramento News – Local and Breaking Sacramento News | Sacramento Bee.

 

- The University of South Dakota and Sanford School of Medicine will cut three faculty, 13 staff and eliminate 19 positions through attrition or combining them with others, Media Relations Manager Phil Carter said Wednesday.

via USD announces job cuts | argusleader.com | Argus Leader.

 

hospital3- The document also said Baptist reduced its work force in its hospitals by 233 “fulltime equivalents” by the end of January, compared with the average level in the first half of last year.

via Baptist reports ’08 loss, job cuts.

 

- Durham School Services of Downers Grove, Ill., the nation’s second largest school transportation company, said in a letter to the state Department of Workforce Development that it will lay off 63 employees when its Madison office at 702 Ruskin St. closes about June 12.

Ball Plastics Packaging Division of Watertown, a plant owned by Ball Corp. of Broomfield, Colo., will close about June 7 and lay off 46 employees.

via WISCONSIN STATE JOURNAL.

 

- Baldwinsville (WSYR-TV) – Packaging manufacturer Ball Corporation says it will shut down two of its plastic packaging plants, including the one in Baldwinsville.

The move will put 113 workers out of jobs.

via Ball Corp. to close Baldwinsville plant, cut 113 jobs – NewsChannel 9 WSYR .

 

- In yet another letter to the students and overall campus community on the college’s budget, President H. Kim Bottomly said more than 100 positions will be lost.

via Wellesley College lays off 40 – Wellesley, MA – The Wellesley Townsman.

 

hospital4- ELLSWORTH, Maine — Maine Coast Memorial Hospital on Wednesday announced 14 employee layoffs and unspecified reductions in executive compensation, citing backlogged Medicaid reimbursements and economic hard times.

via 14 employees laid off at Ellsworth hospital - Bangor Daily News.

 

federal-mogul- MANITOWOC — A Federal-Mogul official said Wednesday its Manitowoc plant has laid off 103 people, approximately 16 percent of the work force, but one employee at the piston ring manufacturing plant disputed the figure.

via Federal-Mogul says 103 laid off | htrnews.com | Manitowoc Herald Times Reporter.

 

beech- SALINA, Kansas – It’s a major hit to the Salina area as more than 100 workers learned Wednesday they are out of a job.

via Hawker’s Salina plant lays off 200 – KSN TV .

 

newspaper6- The Virginian-Pilot will lay off 40 people, dropping its work force below 1,000 employees, the newspaper’s publisher said Thursday. It will be the third wave of job cuts at The Pilot in the past six months.

via Pilot to lay off 40, but executives say outlook is brighter | HamptonRoads.com | PilotOnline.com.

 

newspaper7- KINGSTON, Ont. — A union representative at the Kingston Whig-Standard says that seven people have been laid off in the newspaper’s advertising department as part of a streamlining decision by its owner Quebecor Inc. (TSX:QBR.A, TSX:QBR.B).

 

- Because the economy has not recovered as was hoped, Aavid Thermalloy this week announced yet another round of layoffs, most of them at its manufacturing facility in the O’Shea Industrial Park.

via Another 90 laid off at Aavid – Fosters.

 

wind- EPHRATA — Wind tower manufacturer Katana Summit in Ephrata laid off 17 employees this week during the company’s second round of layoffs since March.

via Columbia Basin Herald Online Newspaper – Local News – Moses Lake, WA – Grant County : Katana lays off 17 workers.

 

casino- Harrah’s Reno today eliminated its general manager’s position and laid off seven salaried staffers as it adjusts to recessionary pressures in the gaming industry.

via Harrah’s Reno drops GM job, lays off seven | www.rgj.com | Reno Gazette-Journal.

 

kaiser1- Lower enrollment numbers have forced Kaiser Permanente to lay off 70 workers in Northern California.

via SPOTLIGHT: Kaiser Northern California lays off workers – FierceHealthFinance – Health Finance, Healthcare Finance.

 

- Questex Media has laid off “in the range of 40” employees, CEO Kerry Gumas told FOLIO: Wednesday.

via Questex Lays Off About 40 – B2B @ FolioMag.com.

 

standardaero- Some workers at the Standard-Aero corporate-aircraft refurbishing plant in Springfield are among 115 who have been laid off at four plants nationwide because of the economy, the company confirmed Wednesday.

via StandardAero layoffs hit here – Springfield, IL – The State Journal-Register.

 

-WILBUR — Alcan Cable announced Monday the layoffs of 32 employees — or a quarter of its work force — at its plant in Wilbur.

via Alcan cable lays off quarter of work force | The News-Review – NRtoday.com.

 

- AGC Flat Glass North America Inc. announced the layoffs last week due to a weak economy and lack of demand in North America and across the globe.

via AGC Flat Glass lays off workers.

 

- WATERLOO, Iowa – Officials with Hawkeye Community College in Waterloo say 43 full- and part-time faculty members will be laid off, while other staff will see a pay freeze and furloughs.

via Waterloo community college cuts faculty jobs – chicagotribune.com.

 

- MOUNT PLEASANT — Ceco Building Systems announced Wednesday it will end production in its Mount Pleasant plant in June. There are about 120 employees in Mount Pleasant.

via The Hawk Eye.

 

- Perkins Engines has confirmed that 78 temporary workers were being released from its Tixall Road factory in response to economic conditions that have impacted on demand for its diesel engines.

via Engine firm cuts 78 jobs : Express & Star.

 

gm1- Struggling automaker General Motors has apparently cut dozens of staffers from its engineering centre in Oshawa, Ont.

via CityNews.ca – Toronto’s News: GM Slashes 50 Engineering Jobs In Oshawa, More Cuts Planned.

 

- The Boys and Girls Clubs of Greater Washington, one of the region’s largest youth organizations with a long history of helping underprivileged children, will close four clubs, sell others and lay off one-sixth of its staff as part of a major restructuring to cope with a $7 million deficit, officials said yesterday.

via Four Boys and Girls Clubs to Close in Area – washingtonpost.com.

 

- NORTHFIELD — Norwich University in Northfield is laying off four more employees and reducing the hours of 21 workers to help balance the school’s budget.

via Norwich University lays off 4 more | burlingtonfreepress.com | The Burlington Free Press.

 

- The New Mexico Symphony Orchestra has laid off three administrative staff members and reduced the salaries of those who remain by 10 percent.

via NM symphony lays off staff, reduces salaries – Forbes.com.

 

- Davenport company APAC announced they will be cutting 72 employees. The workers received notice that their last day of work will be Saturday.

via KWQC-TV6 News and Weather For The Quad Cities – APAC Lays Off 72 Employees.

 

- Marcy, Oneida Co. (WSYR-TV) – TimBar Packaging & Display announced Thursday its manufacturing facility located in Vernon would be closed in early July. As many as 70 people will be laid-off beginning as early as April 23.

via Local packaging company closing; 70 layoffs – NewsChannel 9 WSYR .

 

- HIGH POINT (MCT) — After 49 years, the NCFI division of Barnhardt Manufacturing Co. will close its High Point plant on May 8, consolidate with the Hickory branch and eliminate 20 jobs.

via High Point plant to close, eliminate 20 jobs : News-Record.com : Greensboro, North Carolina.

 

- TABOR CITY — Hart & Cooley’s manufacturing operations in Tabor City will close by the end of June, a victim of the home construction slump.

via FayObserver.com – Current Article Page.

 

- Northshore Mining Co. has extended its month-long shutdown another two weeks.

The shutdown began April 6. Originally the company expected to restart its two larger taconite pelletizing lines at the beginning of May.

via Business North – The Daily Briefing – Business Newspaper Online.

 

- Continued decline in market demand for its product has forced Lehigh Southwest Cement Co. north of Redding to lay off about 40 employees — a little less than half of its hourly work force.

via Cement plant announces layoffs : Latest News : Redding Record Searchlight.

 

- NEW YORK TBWA\Chiat\Day has laid off about 40 employees, mainly in its Playa del Rey, Calif., office, sources said.

via TBWA\C\D Cuts 40 Employees.

 

rbs5- NEW YORK (Dow Jones)–UBS AG’s (UBS) U.S. brokerage business plans to lay off lower-producing financial advisers as well as support staff later this month, according to people familiar with the situation.

via Article – WSJ.com.

 

- The robotic cutting and welding company, owned by Rimrock Corp., laid off 14 full-time employees and 18 part-time employees, including interns, last week to deal with a decline in business, said Chris Norris, marketing manager with the company.

via Wolf Robotics cuts staff | coloradoan.com | The Coloradoan,.

 

gavel8- IP firm Townsend and Townsend and Crew laid off 45 staff and 16 lawyers Wednesday.

via Law.com – Townsend Cuts Attorneys, Staffers .

 

- A company representative said 30 employees were cut. The announcements were made Thursday afternoon. Officials said eight workers were cut in Des Moines and 22 in Omaha.

via 30 Insurance Workers Lose Their Jobs – Money News Story – KCCI Des Moines.

 

- The Corcoran Gallery of Art is cutting 18 jobs to stabilize finances for the museum and its art school.

via Corcoran cuts 18 jobs citing poor economy – Examiner.com.

 

- Informed RX Inc. will close its call center on British American Boulevard in Latham, putting 72 people out of work.

via 72 to lose jobs when Latham call center closes — Page 1 — Times Union – Albany NY.

 

- Amgen, the world’s biggest biotech company, is cutting 100 jobs at a drug manufacturing site in Bothell, WA, Xconomy has learned.

 

 

- International Layoff News -

 

 

lloyds-banking- Lloyds Banking Group is secretly drawing up plans to axe as many as 25,000 workers following last year’s takeover of Halifax Bank of Scotland, according to wellplaced sources.

Plans to bring together the two High Street lenders are well advanced, and staff of the statecontrolled lender will begin learning their fate within four to six weeks.

via Lloyds draws up secret plans to cut 25,000 jobs | Mail Online.

 

lyondellbasell1- LyondellBasell, the world’s third-largest petrochemical company whose U.S. operations are under bankruptcy protection, said on Wednesday it would cut 3,000 jobs, or 17 percent of its workers, and reduce expenses by an additional $500 million by 2010.

 

- Helphire, which employs more than 3,000 people, said it has eliminated 130 jobs and will cut 180 more positions, adding that it expects reduction in annual operating costs to exceed the previously estimated 5 million pounds.

via UPDATE 2-Helphire raises 50 mln stg, CEO to quit; cuts more jobs | Industries | Consumer Products & Retail | Reuters .

 

- The bank, which describes itself as the seventh-largest general bank in the Netherlands, said it would cut jobs this year and was unable to give a forecast for 2009 results because of the uncertain market.

via Friesland Bank posts first year loss, to cut jobs | Reuters .

 

- The number of employees in the state administration will be reduced by about 8,000, i.e. by about 10 percent over the next nine months, and  a law on temporary reduction of wages in the state administration will also be adopted.

 

- Moduslink, which employs more than 300 permanent and temporary staff in Kildare town has announced job cuts “on account of the unprecedented trading conditions,” a spokesperson for the company has announced.

via 30 Moduslink redundancies blamed on ‘trading conditions’ – Kildare Today .

 

- Seventy seven more workers in Antigua have been sent home as the fallout from the Sir. Allen Stanford affair continues.

via Radiojamaica.com| | 77 workers from Stanford International Bank laid off –   Seventy seven more workers in Antigua have be….

 

- April 9 (Bloomberg) — Swiss unemployment rose to the highest in more than two years in March as falling orders prompted companies to cut back production.

via Swiss Unemployment Rises to Two-Year High as Recession Deepens – Bloomberg.com .

 

- The Australian Bureau of Statistics said Thursday that unemployment rose to 5.7 percent from 5.2 percent in February — the highest level since October 2003, when the jobless rate reached 5.8 percent.

via The Associated Press: Australian unemployment jumps to 5-year high.

 

- Recruitment company Hays has announced it will cut 250 UK jobs as the recession takes its toll on the employment market.

 

- Hiring News and News You Can Use -

 

- Stonewall Packaging LLC, a joint venture of Jackson Paper Manufacturing Co., announced today that it will invest more than $17 million to build a new facility in Sylva for the production of recycled cardboard packaging. The investment will result in the creation of 61 jobs over the next three years.

via The Smoky Mountain News.

 

- Projects are expected to create more than 1,300 jobs, and they represent improvements to road, bridges and trail ways in 67 communities.

The funding comes from the state and the federal stimulus program.

via Michigan news in brief: Grants for 1,300 jobs coming | Freep.com | Detroit Free Press.

 

- STOCKTON – The YMCA of San Joaquin County will offer free summer day camp and youth sports programs to children whose parents have been recently laid off from work, the organization announced Wednesday.

via Recordnet.com: Free day camp for children of laid-off.

 

- RALEIGH, NC – Affiliated Computer Services (NYSE: ACS) plans to hire 240 people at its Raleigh customer service center, according to WRAL’s Local Tech Wire.

via Article – TechJournal South – The Southeast’s Source for Technology Business News.

 

- The June opening of a new Alzheimer’s special needs unit in Ludington will create 30 new jobs and people may begin applying for those jobs by answering Daily News help wanted ads Friday.

via Ludington Daily News – News.

 

- Projects paid for with the money are expected to create 1,968 local jobs, Paterson said.

via Governor announces 1,968 new Central New York jobs – Today – syracuse.com.

 

- Wal-Mart began hiring for 340 positions this week at a temporary center at 517 W. 100 North, said spokeswoman Amy Wyatt-Moore.

via Wal-Mart hiring 340 for new Cache Valley store – Salt Lake Tribune

 

- Buchanan Hauling & Rigging Inc., 4625 Industrial Road, said Thursday it plans to spend $520,000 on the expansion, which is projected for completion in 2012.

via City firm expanding HQ_ hiring 60 | The Journal Gazette.

 

- Last week — the same week Florida’s unemployment hit its highest level since 1976 — Libratore’s Liberator Medical Supply said it intends to hire 200 employees within the next two years. That’s including the 50 jobs it announced in January.

via Stuart medical supply company hiring, posting profits : Martin County : TCPalm .

 

- If you’re seeking a job in social media, we’d like to help out. For starters, Mashable’s Job Lists section gathers together all our resource lists, how-tos and expert guides to help you get hired. In particular, you might want to see our articles on How To Leverage Social Media for Career Success and How To Find a Job on Twitter.

 

Mike: More news tomorrow…………..

 

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Jim Morin - Apr 9

Jim Morin - Apr 9

 

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