Archive for the 'Layoff and Unemployment News' Category



January 16, 17, 18 – Hatteras Yachts sinks 330 – Saks sacks 1100 – Honda dumps 3100 temps – PolyOne done for 370 – MasterBrand cuts 415 – WellPoint exits 1500 – Blue Cross rejects 1000 in MI – Circuit City to bag 30,000 – AMD deletes 1100 – Hertz drives out 4000 – GE Capital minus 7500 to 11,000 – Sweetbay sours 700 – Clear Channel goes dark for 1500

Mike: There was little action on the layoff front this weekend, thankfully, but the job related announcements will begin again in ernest on Monday. It”s Sunday, so time for some football and relaxation. Back on Monday…………..
- Friday, January 16 news:
Mike: Hopefully today’s layoff news is less active that this past midweek’s news. The economic calendar contains a few tid bits of employment news, but no straight-up numbers. The  Industrial Production number will show how the nation’s factories are performing. A poor number indicates slowing output and as a result, slowing of hiring. The below graph shows the latest trends:
Index of Industrial Production

Index of Industrial Production

 

- Update: WASHINGTON (AP) — A record plunge in gasoline prices pushed overall consumer prices down for the third straight month in December, closing out a year in which the change in inflation was the smallest in more than a half-century.

                               

 

Microsoft/Google/IBM and other News & Rumors -

 

* ADOTAS — Microsoft could be the next in line for layoffs.

Google, Motorola and Nortel all announced some type of restructuring this week in the face of the downturn, whether it be layoffs, other cost cutting measures or bankruptcy. But Microsoft is the one everyone is still waiting on, though others just want to be “giddy like school girls.”

via Microsoft considering ’significant’ layoffs » Adotas.

 

* Analyst: Microsoft likely to cut 6-8 percent of staff

In a report issued this morning, analyst Sid Parakh of Seattle’s McAdams Wright Ragen forecasts that Microsoft is likely to cut between 6 percent and 8 percent of its work force.

via Analyst: Microsoft likely to cut 6-8 percent of staff.

 

* We’ve been following Internet rumors that Microsoft (MSFT) would cut employees on January 15, a frenzy of speculation kicked off by a December report on the Mini-Microsoft blog. We were braced for impact, but yesterday no job cuts were announced.

via Jan 15 Comes And Goes For Microsoft With No Layoffs (MSFT).

 

* SEATTLE — Blogs have been abuzz since the Wall Street Journal on Thursday reported Microsoft is exploring “significant workforce reductions.”

Microsoft isn’t talking, but analysts are.

Analyst Rob Helm’s full-time job is to analyze Microsoft. He said the downturned economy and a flat PC Market are to blame for the rumor.

“In the end it’s going to be fewer jobs at one of the world’s greatest companies and it’s going to be really tough on everyone in our area,” he said.

via Report: Microsoft exploring ‘significant’ cuts | KOMO News – Seattle, Washington | Technology .

 

 

* Utility workers are gearing up for a fight over coming consolidation efforts following last summer’s takeover of Keyspan by National Grid.

The head of the Utility Workers of America Local 369 is warning that National Grid is planning to eliminate scores of operation centers around the region, leading to possibly hundreds of job losses.

via Union head says National Grid to cut jobs – BostonHerald.com.

 

- General Economic News -

 

* His tool-and-die job at the General Motors stamping plant on 36th Street SW will disappear soon, along with nearly 1,500 others.

Dozens of other men and women sat at a long table at the downtown headquarters of The Rapid, the area’s bus system, filling out applications for 10 part-time jobs.

The lucky ones will be chosen from more than 400 applicants.

“It just seems like nobody’s hiring,” said Scott Shipaila, 42, of Hudsonville, a former auto parts store manager. “You do the applications and the follow-up calls, and you never hear anything.”

via More than 400 apply for 10 part-time jobs at Rapid job fair in Grand Rapids – Grand Rapids News – The Latest News, Blogs, Photos & Videos – MLive.com .

 

The following links show the expected reults for each indicator:

Updat: Jan. 16 (Bloomberg) — U.S. industrial production fell twice as much as forecast in December as companies pulled back to try to weather the global economic slowdown. Auto output fell to the lowest in more than a quarter century.

Output at factories, mines and utilities dropped 2 percent, after a revised decline of 1.3 percent in November that was more than double the previously reported decrease, the Federal Reserve said today in Washington. Plant use matched the lowest level since 1983.

via Bloomberg.com: Economy.

Update: NEW YORK (Reuters) – Consumer confidence rose slightly in January but remained at comparatively depressed levels, with expectations of a deep and long recession persisting, a survey showed on Friday.

The Reuters/University of Michigan Surveys of Consumers said its preliminary index reading of confidence for January rose to 61.9 from December’s 60.1.

via Consumer sentiment improves a little in January | Reuters .

Update: WASHINGTON (AP) — A record plunge in gasoline prices pushed overall consumer prices down for the third straight month in December, closing out a year in which the change in inflation was the smallest in more than a half-century.

via Gasoline price plunge pushes consumer prices down – Yahoo! Finance.

 

* As if the constant barrage of troubling macroeconomic news was not enough to tip you off, now something truly appalling has come to our attention. No, it isn’t the new unemployment statistics, credit spreads, the latest report on retail sales, declining home prices, or even producer prices, but the newest sign of economic weakness comes from the reports out of the world’s second largest brewer SABMiller plc (SBMRY.PK). The maker of some of the best selling adult beverages reported that shipments have fallen in the third quarter with demand dropping most in the U.S. and European markets.

 

* LA Area Port Traffic Collapses in December

by CalculatedRisk on 1/15/2009 09:05:00 PM

Both imports and exports declined sharply in November, but just wait until we see the December trade numbers. Based on LA area port traffic numbers released today, trade volumes collapsed in December.

via Calculated Risk: LA Area Port Traffic Collapses in December.

 

* Longtime local eateries like Ponderosa, 1490 E. Apple, and Ruby Tuesday, 1710 E. Sherman, are out of business. And some other restaurants and specialty shops, hanging on to see if a brisk holiday season could put them in the black, are following suit.

But it’s not as bad as some might think.

Rumors have been circulating that many other well-known Muskegon businesses have closed or are on the verge of closing, prompting local chamber of commerce officials to surmise that the negative psychology of Wall Street has hit Main Street — at least in Muskegon.

via Muskegon restaurants, retail shops buckle under economy – Muskegon News – The Latest News, Blogs, Photos & Videos – MLive.com .

 

* Besieged by laid-off workers looking for help, Florida’s unemployment system is drawing fire from clients who say the state agency running it can’t handle the demand.

People seeking aid from the Agency for Workforce Innovation say the office’s phone lines are constantly busy or go unanswered and that clients are often disconnected once they get through. They say the state’s Web site — the preferred method for filing a claim — can be so sluggish that it becomes virtually useless.

Even those who do get registered aren’t guaranteed success, which means a longer wait for that first check.

via Number of jobless bog down unemployment system — OrlandoSentinel.com.

 

* Three weeks ago, Patricia Smith’s unemployment check didn’t come in the mail.

So, the Lansing woman tried to contact state officials to check on her money. She dialed and dialed – sometimes dozens of times a day – but could never reach an employee at the Michigan Unemployment Insurance Agency.

“I would constantly redial. One day, I hit redial for four hours. That’s no joke,” said Smith, 53, who lost her job as an administrative assistant and customer service representative last fall.

via Unemployment overload: Calls inundate system | lansingstatejournal.com | Lansing State Journal.

 

* For the last couple months, Shawn O’Donahue and a group of architects casually bounced around the idea of working together.

They had the experience and the synergy, but were gainfully employed with other firms. When the economy turned south, that quickly brought into focus what their next move should be: start their own firm.

via Article Details – Daily Journal of Commerce..

 

 

 Strange Brew - Jan 16

Strange Brew - Jan 16

 

 

- Municipal News -

 

* When he submits his budget next week, O’Malley will ask the legislature to approve between 500 and 1,000 layoffs, aides said, in an executive branch work force of more than 70,000.

via Governor plans to lay off hundreds of state workers — baltimoresun.com.

 

* MARTINSBURG, W.Va. (AP) — The Berkeley County Commission is eliminating four jobs and leaving four other positions vacant as it tries to avoid a projected $1.5 million budget deficit.

via W.Va. county cuts 4 jobs to avoid deficit – The Herald Dispatch.

 

* SUNDERLAND, Vt. — The Orvis Co. is laying off 38 people at its Sunderland headquarters and its Manchester fishing rod manufacturing plant.

And Plasan Carbon Composites of Bennington is planning to lay off 92 employees.

via Orvis Announces Layoffs In Vermont – News Story – WPTZ Plattsburgh.

 

* The state now has fewer people to monitor sex offenders, drug dealers and other felons walking the streets on probation. The Department of Corrections is laying off 66 probation officers to save money. The lay offs are raising concerns about public safety.

via Probation Office Cuts .

 

* CHULA VISTA — Sweetwater Union High School District employees have been offered a retirement-incentive plan as officials try to eliminate a potential $18 million deficit.

Superintendent Jesus M. Gandara sent a memo outlining the package to the district’s 6,000 employees yesterday. They would be expected to retire between June 13 and July 26.

Despite the offer, which could be withdrawn if too few workers sign up, layoffs still may loom.

via Early-retirement deal offered to 6,000 school workers.

 

* KANSAS CITY (AP) – A proposed Kansas City budget would eliminate up to 400 city jobs, increase taxes and cut funding in almost all departments.

Mayor Mark Funkhouser released the budget yesterday.

via Proposed KC budget will cut 400 city jobs

 

* LANCASTER — Twelve city positions will be cut from the 2009 budget. The cuts include five firefighters, five unfilled police department positions and two other unfilled city jobs.

 

 

- US and some Canada News -

 


* Parker Hannifin Corp. has laid off about 40 people from its Mayfield Heights headquarters, the company confirmed this afternoon.

via Crain’s Cleveland Business: Parker Hannifin lays off 40 at headquarters .

 

*  Jan. 15 (Bloomberg) — Saks Inc., the U.S. luxury clothing chain, said it will cut about 1,100 corporate and store positions, 9 percent of its total workforce, because of the deteriorating economy.

The company also said it eliminated merit-based wage increases this year for all employees and suspended its matching contribution to the 401(k) retirement-savings plan.

via Bloomberg.com: Worldwide.

 

* Auburn Hills-based auto supplier Continental Automotive Systems plans to cut about 10 percent of its North American workforce over the next few months.

About 24 jobs will be cut locally, mostly at manufacturing sites, as the company eliminates positions related to the restructuring of its powertrain components division that followed its merger with Siemens VDO last year.

via Continental Automotive to cut 10% of North American workforce – Detroit Business News and Information – Crain’s Detroit Business .

 

* Hatteras Yachts laid off more than half the workforce at its New Bern plant on Tuesday and Wednesday as part of a companywide restructuring plan to stay afloat.

The company cut 330 workers, said Bill Naumann, Hatteras Yachts chairman, and is redesigning its business model “to make us more nimble.”  The cuts included employees in management and in production jobs.

via Hatteras Yachts cuts 330 workers | hatteras, yachts, workers – Local – Sun Journal.

 

* About 73 employees at Waynesboro’s Mohawk Industries will be laid off, Councilwoman Lorie Smith confirmed Thursday.

In addition to the layoffs, the carpet backing manufacturer will leave idle two of the plant’s machines, Smith said. Although Smith said she is not surprised by the announcement, she said the city needs to help those that no longer have a job.

via 73 Mohawk Industries employees to lose their jobs | newsleader.com | The News Leader.

 

* According to several major newspapers including the Wall Street Journal, Smurfit Stone plans to file for Chapter 11 bankruptcy protection, in the coming weeks.

The company operates a paper mill in Florence County.

via Local paper mill may file for bankruptcy : News : WPDE .

 

* Los Angeles-based Oversee.net is not immune to the stormy economy, and told socalTECH Thursday that is cutting 18 percent of the firm’s workforce, or a total of 38 people, including some managers.

via Oversee Cuts 18 Percent | socalTECH.com.

 

* Intimate apparel maker Maidenform Brands Inc. said Thursday that it plans to cut 24 jobs – representing 9 percent of its corporate staff – and lowered its 2008 earnings estimate, as weak consumer spending continues to batter retailers.

via Maidenform Brands lowers estimate, to cut 24 jobs – Forbes.com.

 

* Charming Shoppes Inc (CHRS.O), a retailer of women’s plus-size apparel, said it will slash about 225 jobs as part of its cost-cutting efforts.

via UPDATE 1-Charming Shoppes to cut jobs; take Q4 charge | Markets | Bonds News | Reuters .

 

* Polyvinyl chloride (PVC) compound producer PolyOne will cut about 370 jobs and close at least one plant in a cost-savings move amid a prolonged demand slump, the US company said on Thursday.

The Cleveland-based company said it will close its Niagara facility in Ontario, Canada, cut back other production, eliminate 370 positions and reduce the work schedules of another 100-300 employees “as a result of recent unprecedented declines in demand due to the deteriorating global economic climate”.

via PolyOne to cut 370 jobs, close plant in Canada.

 

* Construction delays and design flaws at Oswego County’s $200 million ethanol plant set the project about a year behind schedule and led the owners to file for bankruptcy protection Wednesday, company officials said.

via Northeast Biofuels, in Volney, files for Chapter 11 bankruptcy – syracuse.com.

 

* ADAMS COUNTY, Pa. — An Adams County cabinet plant will close in March 2009, MasterBrand Cabinets Inc. announced Thursday.

The plant employs about 415 workers.

via Adams County Cabinet Plant Closing – Money News Story – WGAL The Susquehanna Valley.

 

* The bad news in the newspaper business continued to mount on Thursday as The Star Tribune of Minneapolis filed for bankruptcy protection.

Star Tribune management warned last month that it would seek bankruptcy protection if it did not win a series of labor concessions on wages and other matters by Friday. Talks with the major unions broke down last week and had not resumed.

via Bankruptcy Protection Filing at Minneapolis Star Tribune – NYTimes.com.

 

* NEW YORK In a note today to members of the Boston Newspaper Guild — responding to the Boston Globe’s announcement that it seeks to eliminate 50 positions through buyouts or layoffs — its president, Dan Totten, asserts that any further cuts at the Boston Globe should be suffered by management, not editorial staffers.

via ‘Globe’ Union: Management Can Go Cut Themselves .

 

* PORTLAND– A Tigard, Ore.-based charity that sends doctors and medical supplies to areas throughout the world has laid off nine people.

Medical Teams International spokeswoman Marlene Minor says the nine people, which represent 10 percent of the organization’s staff, were part of a small administrative core.

via Medical Teams Intl. announces layoffs.

 

* Mercy Health Partners on Thursday said that as many as 90 employee layoffs could occur by the end of March, a move it said was prompted by economic conditions.

That number includes 31 Licensed Practical Nurses the hospital earlier announced would be laid off at all three of its Muskegon hospitals.

via 90 layoffs expected by March at Muskegon’s Mercy Health Partners – Muskegon News – The Latest News, Blogs, Photos & Videos – MLive.com .

 

* COLUMBIA, S.C. – South Carolina’s Parks, Recreation and Tourism Department has laid off 17 workers and ordered other employees to take three days off without pay because of budget cuts.

via TheTandD.com | S.C. parks, tourism agency lays off 17 workers.

 

* FORT PIERCE — Vernon D. Smith, who founded Riverside National Bank 27 years ago, has retired from the independent financial institute, just as the bank with a heart on its logo cut 35 positions.

 

* BUCYRUS — Timken laid off 40 full-time employees Monday. More cuts are planned.

“We have notified our associates that 20 more full-time employees will be laid off at the end of this month,” said Lorrie Crum, spokesperson at Timken’s Canton office. “The layoffs are open-ended.”

via Dozens lose jobs in Bucyrus | mansfieldnewsjournal.com | Mansfield News Journal.

 

* O’Reilly Media laid off 30 employees on Thursday in a restructuring effort intended to help the influential Sebastopol tech publisher weather the economic downturn.

via Sebastopol’s O’Reilly cuts 30 jobs | PressDemocrat.com | The Press Democrat | Santa Rosa, CA.

 

* ONEONTA _ Hartwick College cut 14 administrative and support staff jobs Thursday, citing projected budget losses in endowment earnings and gifts, among other economic stresses.

via The Daily Star, Oneonta, NY – The Newspaper for the Heartland of New York – Oneonta News, Oneonta Sports – ’Wick cuts 14 staff.

 

* Field Fisher Waterhouse (FFW) has cut 31 support staff after a redundancy consultation lasting two months.

The consultation began on 14 November and involved 175 employees of the firm.

via Field Fisher cuts 31 jobs as consultation ends – 16 January 2009.

 

* Seattle Layoff Update: Cardiac, Medio, Varolii, Vulcan, and WatchGuard Slash Jobs

Gregory T. Huang 1/16/09

Unfortunately, this is fast becoming a weekly roundup of job losses. About the only bright side is that Microsoft hasn’t announced any layoffs—yet. But the following Seattle-area companies have all confirmed significant staff cuts this week (see the updated Xconomy Seattle layoff litany here):

via Seattle Layoff Update: Cardiac, Medio, Varolii, Vulcan, and WatchGuard Slash Jobs | Xconomy.

 

* OCALA – Fire truck manufacturer E-One had another round of layoffs on Thursday, but the exact number of those left out of work remained unclear.

via E-One lays off more workers | Ocala.com | Star-Banner | Ocala, FL.

 

* WINSTON-SALEM (AP) — A North Carolina bank says it will eliminate jobs this year because of an executive mandate for lean operations.

The Winston-Salem Journal reported today that BB&T said it didn’t know how many positions would be eliminated. Spokesman Bob Denham said the reductions would be primarily through attrition and retirement.

via BB&T to cut jobs this year : News-Record.com : Greensboro, North Carolina.

 

* For some county and city residents, the New Year began with the worst possible news.  GE Fanuc Intelligent Platforms, located in Albemarle County, has laid off approximately 50 employees.

via C-Ville: This Just In.

 

* In the face of an ongoing slump in law firm revenues, Center City’s Ballard Spahr Andrews & Ingersoll said today that it had laid off secretaries and other administrative staff.

via Ballard Spahr has support staff layoffs | Philadelphia Inquirer | 01/16/2009.

 

* WellPoint Inc., the parent of Anthem Blue Cross and Blue Shield, said it will eliminate 1,500 jobs throughout its operations in order to reduce its administrative costs.

via WellPoint plans to cut 1,500 jobs – Business Courier of Cincinnati: .

 

* NEW YORK (Reuters) – WellPoint Inc (WLP.N) said on Friday that it would eliminate about 1,500 positions, or about 3.5 percent of its workforce, to reduce administrative costs, becoming the latest U.S. health insurer to cut jobs in the face of the weakening economy.

 

* Brenner Tank in Fond du Lac underwent layoffs Thursday.

Human Resources Manager Dawn Marie Polakoski confirmed the layoffs occurred, though how many workers were let go is not being released.

via Brenner Tank announces layoff, number impacted not released | fdlreporter.com | Fond du Lac Reporter.

 

* Japan’s S.E.S. Co. Ltd. has filed for bankruptcy protection under a rehabilitation law with 14.27 billion yen ($158.4 million) in liabilities.

The company made some headlines in recent times. Last year, S.E.S. reportedly shipped the world’s first 450-mm tool–a next-generation wafer cleaning system, according to sources. The first 450-mm tool, which is said to be a R&D prototype, was reportedly going to South Korea’s Samsung Electronics Co. Ltd., according to sources.

via EETimes.com – Fab-tool maker S.E.S. files bankruptcy .

 

* The Winterthur Museum near Greenville has laid off 14 full-time employees and has decided to eliminate 15 jobs that were already vacant.

via cbs3.com – Jobs Eliminated At Delaware Museum .

 

* The Sheridan Press, 450 Fame Ave., Hanover, will lay off about 35 composition and editorial employees effective Jan. 31.

via Sheridan to lay off 35 people – The York Daily Record.

 

* Sears Holdings Corp. is laying off 19 employees at the Sears Logistics Services Inc. shipping and warehouse operation in the Hanover Industrial Estates.

via SHLD Nineteen at Sears plant laid off.

 

* San Diego’s Cymer said yesterday it will lay off 100 workers, cut salaries for remaining employees and eliminate the company’s contribution to retirement accounts in the wake of steep declines in orders for semiconductor equipment.

via Layoffs, pay cuts ordered at Cymer.

 

* BENNINGTON — Plasan Carbon Composites is planning a series of “staged layoffs” that will affect 92 employees at their Shield Drive plant while Orvis Co. laid off 26 people from its home office in Sunderland on Thursday and 12 people from its fishing rod manufacturing plant in Manchester.

via Layoffs come to Plasan, Orvis: Rutland Herald Online.

 

* Blue Cross Blue Shield of Michigan plans to cut up to 1,000 jobs and make other budget cuts this year in another blow to the state’s economy.

 

* After recently saying it could return a second production shift to its San Antonio plant by April, Toyota overnight said it will continue running a single shift until demand for its Tundra full-sized pickup improves.

via San Antonio News, Weather, Sports : mySA.com | Express-News.

 

* Varian Inc. plans to cut 240 regular employees and 80 temporary positions, and close some facilities.

The company did not give details of the cuts and facilities to be closed.

via Varian to cut 320 jobs – San Francisco Business Times: .

 

* SEATTLE, WA (2009-01-16) The Governor and lawmakers face a six billion dollar (and growing) shortfall in the next two year budget cycle. But some cuts are already being made to keep the current budget in the black. As a result, Washington State is about to lose nearly half of its taxpayer-funded drug treatment beds.

via kplu NewsRoom.

 

* Circuit City Stores Inc., the nation’s second-biggest consumer electronics retailer, said Friday it had run out of options and will be forced to liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of the unemployed.

 

* FOUNTAIN — McCormick Sawmill laid off 13 people in the last three weeks or so, but these layoffs can’t be attributed entirely to the faltering U.S. economy.

Certainly, the timber industry is hurting, but what hurts more in Fountain is that the town’s largest employer lost $318,000 in an embezzlement case that sent Alice Clark to jail for 15 months.

via Ludington Daily News – News.

 

* Mountaineer Casino, Racetrack & Resort today (Friday, January 16) reduced its workforce by 8.6 percent. The reduction impacted both salary and hourly employees.

via – http://www.wtrf.com/story.cfm?func=viewstory&storyid=50160

 

* The downturn in the U.S. publishing industry is spilling over into the retail sector. After dismal holiday sales, which dipped by 5.2% in the nine-week run-up to Christmas, the beleaguered U.S. retailer Barnes & Noble has laid off 100 employees at its corporate headquarters in New York – a 4% reduction in staff. According to The New York Times, CEO Stephen Riggio said in a statement that this “was the first time in the company’s history that it had cut jobs.”

via – Barnes & Noble announces layoffs

 

* One of Chippewa Falls’ largest employers, TTM Technologies, is cutting about 14 percent of its workforce nationally, citing weak demand for printed circuit boards.

Most of the company’s layoffs, 374 full-time and 55 temporary employees, will come from the closure of TTM’s Redmond, Wash., plant.

via Chippewa.com.

 

* SAN FRANCISCO (AP) — Advanced Micro Devices Inc. plans to cut 1,100 jobs, 9 percent of its global staff, as the slumping chip maker retrenches during a slowdown in sales of personal computers.

via The Associated Press: AMD to cut 1,100 workers, 9 pct of staff.

 

* Jan. 15 (Bloomberg) — Pfizer Inc., the world’s biggest drugmaker, may fire almost a third of its U.S. sales force, or as many as 2,400 workers, in a plan under consideration by senior management, people familiar with the discussions said.

Pfizer, based in New York, is trimming its U.S. sales operation to save money as top-selling products lose patent protection. Chief Executive Officer Jeffrey Kindler may detail cost-cutting plans at an investor presentation Jan. 28, said Barbara Ryan, a Deutsche Bank analyst in Greenwich, Connecticut, in an interview last month.

via Bloomberg.com: Worldwide.

 

* The Milipitas, Calif.-based company, which once called Ottawa home to one of two corporate headquarters and employed 11,000 local people at its peak, said it had cut approximately 20 jobs from its Ottawa facility.

JDSU’s local plant currently has about 400 employees working and both research and development and customer service, said spokespers

via Ottawa Business Journal.

 

* Harry & David, one of the icons of Oregon businesses, is feeling the pinch of the economy — just like the rest of us.

As reported this morning in the Medford Mail Tribune, the southern oregon “gourmet food and gift retailer” has laid off about 10 percent of its workforce of 1,100 nationwide.

via Harry & David lays off 10 percent of workforce – Northwest Headlines – The Oregonian – OregonLive.com.

 

* Jan. 16 (Bloomberg) — Hertz Global Holdings Inc., the second-largest U.S. rental-car company, will cut more than 4,000 jobs to reduce costs as businesses and consumers slow travel because of the North American recessions.

via Bloomberg.com: Worldwide.

 

* Hertz Global Holdings Inc said on Friday that it would cut more than 4,000 jobs in a worldwide restructuring through the first quarter due to falling demand, and the car rental company’s shares fell nearly 9 percent.

via Hertz to cut more than 4,000 jobs | U.S. | Reuters .

 

* John F. Kennedy Memorial Hospital laid off three non-union employees Thursday and has plans to further reduce its workforce by 36 union employees.

via JFK Memorial Hospital reducing work force | MyDesert.com | The Desert Sun.

 

* Six months after purchasing Seco Manufacturing in Redding, Trimble Navigation is downsizing in response to diminishing global demand for its products.

The Sunnyvale-based company announced this week a 10 percent reduction to its work force, which will leave Trimble with about 3,700 employees, company spokeswoman LeaAnn McNabb said Thursday.

via Redding’s Seco Manufacturing cuts work force : News : Redding Record Searchlight.

 

* The scientific instruments maker Varian is bringing out the budget axe with plans to chop 320 full-time and temp workers and shutter some of its facilities. Varian is also freezing salaries and implementing restrictions on new hires and spending. The company made the moves as it announced preliminary first quarter earnings of 50 to 54 cents, well below the Street’s expectations of 63 cents a share.

via Varian slashes 320 jobs, shutters facilities – FierceBiotech.

 

* PEMBERVILLE — Pemberville’s Modine Manufacturing Co. has confirmed it is closing its Wood County plant and permanently laying off 65 workers.

via toledoblade.com — Modine sets closing plan for Pemberville factory.

 

* PolyOne, a polymer production company and one of the industrial anchors of Niagara Falls, Ont., will be closing its doors later this spring.

Workers at the Chippawa Creek Road plant were told of the pending closure late Thursday, Niagara Falls officials said. The company employs 50 people.

via N.F., Ont. plant closing claims 50 jobs – Business First of Buffalo:

 

* SPARTANBURG COUNTY, S.C. — Despite new jobs and businesses in the Upstate, another plant is closing down due to the economic crisis.

 

The 75 employees of the plant are being offered opportunities at the company’s other plants.

via Spartanburg Plant To Close – Greenville News Story – WYFF Greenville.

 

* NEW YORK (Reuters) – General Electric Co (NYSE:GE – News)’s GE Capital unit will cut between 7,000 and 11,000 jobs, the CNBC television channel reported on Friday, citing sources.

GE had said it would reduce costs at GE Capital by about $2 billion this year, according to the report.

via GE Capital to cut up to 11,000 jobs: report – Yahoo! Finance.

 

* Jan. 16 (Bloomberg) — General Electric Co.’s finance arm may cut 7,500 to 11,000 jobs, or at least 10 percent of its workforce, because of the global financial slump, people familiar with the company’s plans said.

The reductions are part of GE Capital’s announced plan to reduce expenses by $2 billion this year, said the people, who didn’t want to be identified because the numbers aren’t public. The savings goal also includes expenses such as office closings.

via Bloomberg.com: Worldwide.

 

* The ax has fallen at Federated Media Publishing, the online advertising company founded by former journalist John Battelle. Seven of the company’s 90 employees were laid off Friday.

via Federated Media announces layoffs, shift away from display ads | Webware – CNET.

 

* The radio and billboard company with the largest presence in Tampa could scale back operations and lay off employees, according to a report Friday that Clear Channel Communications Inc. is looking to shed about $400 million in costs.

Layoffs could happen Jan. 20, the New York Post reported, and take place in Clear Channel’s radio, outdoor advertising and international divisions.

via Report: Layoffs looming at Clear Channel – Tampa Bay Business Journal: .

 

* NEW YORK (Reuters) – Clear Channel Communications Inc, which operates radio stations and outdoor advertising space, plans to lay off about 7 percent of its U.S. staff, the Wall Street Journal reported on Friday.

The newspaper, citing a person familiar with the situation, said the move will affect about 1,500 employees — mostly in ad sales — of the 20,000 work force in the United States.

via Radio, ad company Clear Channel cutting 1500 jobs: report | Entertainment | Industry | Reuters .

 

* ORLANDO, Fla. — One of America’s largest time-share companies has eliminated another 1,000 jobs during the past month.

Orlando-based Westgate Resorts once employed about 11,000 people. President David Siegel said it was down to about 7,000. The cuts were nationwide and some jobs were eliminated through attrition.

via Fort Mill Times | FortMillTimes.com – Time-share company has more layoffs due to economy – Fort Mill, SC.

 

* The RAB, citing the economic slowdown, has cut 10% of its staff, or five jobs. The news was preceded by a fake e-mail purportedly from RAB President-CEO Jeff Haley that contained an inaccurate list of executives who were being laid off and false information about their salaries.

via RAB sets layoffs, CEO victim of e-mail hoax – Related Stories – NAB SmartBrief.

 

* ALBUQUERQUE (AP) – Advent Solar in Albuquerque has announced 55 layoffs. The company laid off nearly half its work force last spring — 68 people.

Monday, it said the additional 55 layoffs resulted from a tight credit market that makes it impossible for the company to raise the money it needed to move from development to manufacturing.

via KOB.com – Advent announces more NM layoffs.

 

* Lord Corp., a homegrown Erie company located now in Cary, N.C., announced Friday that 11 of its employees in northwestern Pennsylvania will be laid off.

Those layoffs are part of a larger job-cutting move that will eliminate about 3 percent of the company’s 2,600 worldwide work force.

via GoErie.com: Lord announces layoffs at Erie, Crawford plants.

 

* Rio Tinto, parent company of Kennecott Utah Copper, one of the largest copper producers in the nation, is cutting its Utah work force by 241 workers.

The company said Friday it will lay off 66 employees and 175 contractors at several divisions including Kennecott Utah Copper, Kennecott Land, Kennecott Exploration and the Rio Tinto service functions.

via Rio Tinto to slash Utah workforce by 241 – Daily Herald / Utah Valley Local News.

 

* Making what its president called “a tough decision” to cut staff in hopes of avoiding deficits or programming cuts, the Orange County Performing Arts Center announced Friday that it has eliminated seven full-time and three part-time jobs, while mandating cost reductions across all departments. The lost jobs represent a 6% reduction in the full-time workforce of about 100.

via OC Performing Arts Center lays off 10 | Culture Monster | Los Angeles Times.

 

* Philadelphia law firm Blank Rome said Friday it has laid off an undisclosed number of lawyers and support staff as it adjusts to the economy and less demand for its services.

via Blank Rome lays off lawyers, support staff – Philadelphia Business Journal: .

 

* REEDSBURG — Grede Foundries announced Wednesday that it is laying off approximately 140 employees at its Reedsburg plant, which is nearly 25 percent of its workforce.

via WiscNews.com : Reedsburg Times Press.

 

* National bank Wells Fargo & Co. said Thursday it will not retain 175 employees from Wachovia who do not fit Well Fargo’s employment eligibility requirements.

 

* Carrollton Specialty Products will be closing its Moberly plant this summer, leaving about 200 people without a job.

The company provides specialty packaging and hand assembly for greeting-card companies, and its biggest customer, Hallmark Cards Inc. of Kansas City, alerted the company last week that it would be drastically reducing its orders for this year, Carrollton Specialty Products CEO Erin Boster said.

via Moberly plant closure will leave 200 jobless .

 

* A Columbus manufacturing plant will close in March due to “the current and foreseeable economic conditions in the auto sector.”

TWB Co., a manufacturer of laser-welded steel sheets for General Motors, Ford, Subaru and BMW, among others, will idle its Indiana manufacturing plant and move operations to its plan in Monroe, Mich., according to a press release from the compan

via Columbus welding company closing; 41 jobs to be lost.

 

* In what is becoming a familiar story, professional building supply company 84 Lumber has gone through another round of store-closings and eliminated about 185 jobs between those sites and its headquarters in Washington County.

via 84 Lumber closes more stores, cuts jobs.

 

* In the latest instalment of corporate downsizing, Penn West Energy Trust confirmed Friday it has cut a number of senior management positions to bring costs in line.

via Oilpatch layoffs: Penn West cuts senior management slots .

 

* PEKIN — After cutbacks this fall, an additional 14 employees of MGP Ingredients Inc. in Pekin were subject to temporary layoffs on Tuesday, according to Vice President of Corporate Relations Steve Pickman.

via Pekin Times – News.

 

* Boise Inc. spokeswoman Karen Punch on Friday said additional job cuts are planned for the St. Helens mill.

“We have identified some additional job eliminations beyond what we have announced in November, and we’re in the process of communicating those to employees this week,” Punch said.

via Boise plans more job cuts .

 

* The oil company ConocoPhillips, citing a steep decline in oil and gas prices, said it would cut 4 percent of its work force, or about 1,300 jobs, and said it expected big write-downs on some of its exploration and production assets.

 

January 17 News

 

* Albertsons has notified the state that it will be closing its store at 1901 Military Trail, in West Palm Beach, and laying off 87 employees.

The company also plans to close stores in Ocala, where 107 people will be let go; Tallahassee, where 110 employees will be laid off; and Orlando, where 77 employees will lose their jobs, according to state records.

via Albertsons plans local layoffs – South Florida Business Journal: .

 

* CEDAR RAPIDS, Iowa – Heinz Quality Chef in Cedar Rapids plans to layoff 35 employees at its facility in southwest Cedar Rapids.

Company officials with the Pittsburgh-based company cited the poor economy for the move, which was announced on Friday.

via Heinz Quality Chef laying off 35 in Cedar Rapids — chicagotribune.com.

 

* Brenner Tank in Fond du Lac is citing the sluggish economy for a Thursday layoff of an undisclosed number of employees.

Brenner Tank has had to adjust its operations due to the country’s financial woes.

via UPDATE: Brenner Tank, citing sluggish economy, confirms layoff | fdlreporter.com | Fond du Lac Reporter.

 

* Job cuts appear likely at Anthem Blue Cross and Blue Shield in Wisconsin, although the number probably will be small.

Wellpoint Inc., the Indianapolis-based health insurer that owns runs Blue Cross and Blue Shield plans here and in 13 other states, said Friday it will cut 600 employees and eliminate another 900 unfilled positions across 25 states. The company wouldn’t name any of the targeted states, but spokeswoman Kristin Binns said the cuts would occur in most places where Wellpoint has major operations.

via Job cuts likely at Anthem Blue Cross – JSOnline

 

* Sweetbay closing seven stores, opening three

Tampa-based Sweetbay Supermarket will close seven underperforming grocery stores, including three in Hillsborough County, said the company’s Belgian parent, Delhaize Group. The remaining four stores targeted for closing are in Fort Myers, Sarasota and Charlotte County.

via Sweetbay closing seven stores, opening three .

 

* The doors will close at seven Sweetbay supermarkets in Florida, including five in the Tampa Bay area, as the grocery store chain looks to better position some of it stores.

The closings could affect as many as 700 employees statewide, but most of them will be offered positions in other Sweetbay stores, said spokeswoman Nicole LaBeau.

via Sweetbay to close seven stores – Tampa Bay Business Journal: .

 

* Northeast Phoenix’s last Kmart store will close Sunday, the latest retail casualty in an economic downturn that has sunk numerous large stores and dozens of smaller shops.

For northeast Phoenix, the closures leave huge gaps on numerous corners.

via Last Kmart store in northeast Phoenix will close Sunday.

 

* PEMBERVILLE — Pemberville’s Modine Manufacturing Co. has confirmed it is closing its Wood County plant and permanently laying off 65 workers.

The company told local officials in April that the plant was to be closed because of dwindling demand of the copper-brass radiators and other vehicle heating and air conditioning components constructed there. It filed a required notice with the state this week saying the shutdown was occurring.

via toledoblade.com — Modine sets closing plan for Pemberville factory.

 

* General Motors Corp. is laying off an unknown number of workers at its Tonawanda engine plant in response to economic conditions that have caused a decline in demand and a resulting drop in production.

Spokeswoman Nina Price said the company was still determining the production numbers for the GM Powertrain plant and evaluating how that would affect its employees. She said she could not disclose details until she has those figures and can communicate them to employees.

via GM planning layoffs for Tonawanda plant : Home: The Buffalo News.

 

* Communications giant AT&T intends to permanently close its wholesale operations at 220 N. Meridian St. and 240 N. Meridian St. in Indianapolis, resulting in 112 layoffs. The majority of those will involve customer service representatives. This action does not constitute a complete shutdown of all of AT&T Service operations in Downtown Indianapolis, the company said in a notice to the state.

» Kokomo-based manufacturer Haynes International said it will shed 12 percent of its worldwide work force and implement a salary freeze for its salaried employees. The company did not specify a number or locations for the cuts. Haynes employed 1,138 workers as of fall.

» Holm Industries intends to close its plastic extrusion operations in Scottsburg, laying off 71 workers by March.

via Companies in 3 Indiana cities announce planned layoffs | IndyStar.com | The Indianapolis Star .

 

* Tulare District Hospital capped a busy week by announcing an undetermined amount of layoffs Friday, listing the state budget crisis as a major reason.

According to a hospital report, TDH is making the layoffs to deal with a 10 percent decrease — or $1.8 million — in money from the state.

via Tulare District Hospital announces layoffs | visaliatimesdelta.com | Visalia Times-Delta and Tulare Advance-Register.

 

* BENNINGTON — Bennington County’s work force has been dealt another severe blow with the announcement of layoffs for more than 100 local employees.

Plasan Carbon Composites will be laying off 92 employees from its automotive division, according to Dalton Blackwell, vice president.

Meanwhile, the Orvis Co., which sells fly-fishing equipment, accessories and clothing, has laid off 39 employees between its home office in Sunderland and its “rod shop” in Manchester, according to spokesman James Hathaway

via Plasan, Orvis add to county’s layoff woes – Bennington Banner.

 

* COMMERCE – Banks-Jackson-Commerce Medical Center is laying off approximately 45 employees in an attempt to curb losses.

via BJC Medical Center announces layoffs | AccessNorthGa.

 

* The U.S. unit of Emaar Properties EMAR.DU, John Laing Homes, will cut jobs and review operations due to the credit crisis and global economic downturn, a company official said in remarks published on Saturday.

The layoffs will run across John Laing Homes’ operations, focused mainly in Southern California and Colorado, which have been hit hard by the financial meltdown, Abu Dhabi-based daily newspaper The National reported.

via UPDATE 1-Emaar U.S. unit to cut jobs due to slowdown -paper | Reuters .

 

* Vicor Corp. has indefinitely suspended its semi-annual dividend and is looking to cut its workforce by about 6 percent, according to regulatory filings.

The Andover, Mass., power-component manufacturer (Nasdaq: VICR) did not disclose how many of its more than 800 Massachusetts staff would be impacted. The company employs about 1,114 people worldwide.

via Vicor eliminates dividend, jobs – Boston Business Journal: .

 

* LENOX — For the second time in three months, Canyon Ranch has laid off a small number of employees at its Lenox resort.

via Canyon Ranch lays off 12 employees – Berkshire Eagle Online.

 

* TERRE HAUTE — A union spokesman confirmed Friday evening that an additional 25 layoffs have been announced at Bemis Company.

via Terre Haute News, Terre Haute, Indiana- TribStar.com – Bemis lays off 25 people .

 

* TERRE HAUTE — A union spokesman confirmed Friday evening that an additional 25 layoffs have been announced at Bemis Company.

via Terre Haute News, Terre Haute, Indiana- TribStar.com – Bemis lays off 25 people .

 

* Akin Gump Strauss Hauer & Feld is laying off 65 staff across its offices, according to firm spokeswoman Sheila Turner. The news was first reported by The Wall Street Journal’s Law Blog.

via The BLT: The Blog of Legal Times : Akin Gump Lays Off 65 Staff.

 

* The economic slump is starting to take its toll on at least one Austin engineering company.

Bury+Partners Inc. laid off approximately 30 employees at the beginning of January, according to former employees and sources who do business with the company.

via Bury+Partners cuts about 15% of workforce – Austin Business Journal: .

 

* Overland Storage this week cut its workforce and implemented an across-the-board pay cut in the wake of the economic downturn.

The moves, however, have solution providers concerned about the company’s future.

Overland on Thursday said in a filing with the Securities and Exchange Commission that it had decided to cut its workforce by 53 employees, or about 17 percent. This would be in addition to the employees let go last month.

via Overland Storage Cuts Workforce, Salaries – Storage – IT Channel News by CRN and VARBusiness.

 

* Portland-based Mercy Corps is laying off 22 employees, the same week that another local relief group announced staff cuts, as private donations slow with the recession.

via Mercy Corps will lay off 14 in Portland – OregonLive.com.

 

* WATERBURY, Conn. – Waterbury Hospital says it will cut about 10 percent of its work force, the equivalent of 160 full-time positions, by the end of September.

via Waterbury Hospital to cut 10 percent of work force — Courant.com.

 

* An international tool-making company confirmed Friday that it will likely close its West Central Street plant by June, potentially ending four decades of operations there and putting 80 employees out of work.

Rick Secor, a spokesman for Snap-on, said a final decision had not been made, but the closing was likely so the firm could maximize its productivity and efficiency.

via Natick tool plant expected to close – Taunton, MA – The Taunton Gazette.

 

* Ethanol producer VeraSun Energy is putting several of its ethanol plants up for auction and among those is one in Siouxland.

The plant in Albert City, Iowa is one of seven plants that will be put up for auction.

via Siouxland Ethanol Plant is Closing.

 


- International News -

 

 

* In yet another sign of Japanese automakers’ deepening distress, Toyota Motor Corp. between February and April plans to make just half the number of vehicles it produced the previous year, a major newspaper reported Saturday.

 

* A rail firm has sparked outrage after announcing plans to cut 480 jobs, just weeks after increasing its fares.

South West Trains, which runs services throughout southern England and into Waterloo station, said it could not rule out compulsory redundancies.

via Teletext National News .

 

* Honda Motor said it is cutting 3,100 jobs in Japan and reducing domestic production because of a slump in demand due to the economic downturn.

Honda will not renew contracts with 3,100 temporary workers by the end of April, a spokeswoman said.

via The Standard – Hong Kong’s First FREE English Newspaper.

 

* Update: Finnish telecom component company Elcoteq said on Thursday it would slash 5,000 jobs worldwide, accounting for a quarter of its staff, and would close four factories in the United States, Russia, Romania and China.

“The first measure is to close the plants in Arad, Romania, Richardson, US, and St. Petersburg, Russia, as well as to consolidate the plant in Shenzhen, China, to the plant in Beijing,” the company said in a statement.

via Finnish telecom group to cut 5,000 jobs.

 

* Jan. 15 (Bloomberg) — Anheuser-Busch InBev NV, the brewer of Budweiser and Stella Artois, will open a New York office and move some managers there from its Belgian base to implement cost cuts following the $52 billion merger that formed the company.

via Bloomberg.com: Europe.

 

* Employees at the German-owned car components company, Kostal, have been told the company is seeking 300 redundancies between its two factories at Abbeyfeale in Co Limerick and in Mallow in Co Cork.

via RTÉ Business: Kostal wants to cut 300 jobs in Limerick, Cork.

 

* JOHANNESBURG, Jan 16 (Reuters) – De Beers, the world’s top diamond producer, will cut production, capital spending and jobs this year as the global recession hits demand for luxury goods, officials said on Friday……

The job cuts in South Africa would be less than 1,000 out of a total work force of 3,500, Gould added.

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

 

* The Finnish airline Finnair has announced that it is making more than 120 employees redundant, following co-determination talks with representatives of personnel.

      “The cutbacks in different parts of the concern are coming from cargo, scheduled flights, technology, management, and catering”, says Taneli Hassinen, the airline’s spokesman on economics and investor relations.

via Helsingin Sanomat – International Edition – Business & Finance.

 

* Jan. 16 (Bloomberg) — Japan’s economy weakened in all of the country’s nine regions over the past quarter as slumping exports prompted companies to cut production and fire workers, the central bank said.

The regional economy has been “deteriorating,” the Bank of Japan said after cutting its assessment in all areas for a second quarter, according to the report released in Tokyo today.

via Bloomberg.com: Japan.

 

* SEOUL, South Korea (AP) — Samsung Electronics Co. announced a major restructuring Friday, consolidating business operations into two divisions as South Korea’s most powerful and iconic corporation deals with the slowing global economy and expectations of looming red ink.

The new organization was included in an announcement of personnel changes at the company as well as at the broader Samsung Group of which it serves as flagship.

via Samsung Electronics reorganizes to fight slump – Yahoo! Finance.

 

* Jan. 16 (Bloomberg) — WS Atkins Plc, the U.K.’s biggest engineering-design company, plans to cut 210 jobs at its Middle East operations as the region’s construction industry slows and clients defer or cancel projects.

via Bloomberg.com: U.K. & Ireland.

 

* AROUND 70 jobs could go at the hotel which is to host next year’s Ryder Cup golf tournament, it was revealed today.

The Celtic Manor Resort in Newport is conducting a wide-ranging review to cut costs which may, a spokesman said, include a number of redundancies.

via 70 jobs under threat at Ryder Cup venue.

 

* AROUND 100 jobs are set to go at Johnson Matthey’s Royston plant, the company has confirmed.

The chemicals firm is to consult with employees over the possible redundancies at its Orchard Road plant.

via Cambridge News Home – Around 100 jobs face axe at chemical plant.

 

* HUNDREDS of workers at a distribution centre near Rugby could be facing the axe after the owners of Argos and DIY chain Homebase announced it might cut up to 350 jobs.

via Argos may axe 350 workers – Coventry Telegraph.

 

* MADRID, Jan 16 (Reuters) – Spain on Friday forecast what could be its worst recession in five decades for this year before a 2010 recovery many analysts judged over-optimistic given the mass destruction of jobs in a credit-starved economy.

via UPDATE 2-Spain sees worst recession in 50 years – Forbes.com.

 

* Gent (Belgium), January 16 – EskoArwork (www.esko.com) will restructure its worldwide workforce by approximately 10%. In addition, the company will reduce its operational spending. The current economic slowdown and 2009 global outlook has led to this decision, despite profitable growth in 2008.

via EskoArtwork to cut workforce by 10% – 1/16/2009 9:58:00 AM – Converting Magazine.

 

* Toyota Australia’s Altona plant will be shut down for eight days in response to reduced demand in domestic and export markets.

Production of four-cylinder Camry and six-cylinder Aurion models will cease for eight days between March and May 2009, affecting 3,500 employees.

via Toyota closing Altona plant for eight days.

 

* THIRTY jobs were under threat last night at a courier firm’s call centre.

Workers at City Link in Splott, Cardiff, were yesterday told they would lose their posts next month.

One staff member at the Portmanmoor Industrial Estate centre, who asked not to be named, said: “We are devastated. People have been crying.

via Call centre jobs cut at City Link in Splott, Cardiff – WalesOnline.

 

* Colliers CRE, the property services group headed by Sir John Ritblat, is to cut a further 70 jobs after revenue fell by a third last year.

The company said yesterday that it had reduced costs by £15m in 2008 but that more jobs would be lost as it prepared for a slow start for the property sector in the new year.

via FT.com / Companies / Property – Colliers to cut more posts.

 

 

- Hiring News -

 

* Charles Schwab Corp. said today it is adding 500 jobs to its Colorado operations, an expansion that will be aided by as much as $1 million in cash incentives from the state.

via Schwab to add 500 jobs in Douglas County – The Denver Post.

 

* GREENSBORO, N.C. (AP) — Hiring has already surpassed original estimates at the Honda Aircraft Co. plant in North Carolina where a new $4 million business jet will be manufactured.

via – HondaJet hiring at NC plant ahead of estimates

 

* LEBANON — Hiring of up to 625 people for jobs at a new patient billing and collection center at Lebanon VA Medical Center will start in 2010, said Robert Callahan, center director. Applicants will need to apply at http://www.USAJOBS, the federal hiring Web site, Callahan said.

via Lebanon VA to hire up to 625 people in 2010 – Central PA Local News | Midstate Pennsylvania– PennLive.com .

 

* At a time when layoffs and government cutbacks dominate the daily news, there’s a glimmer of hope in the local economy.

The U.S. Census Bureau is recruiting hundreds of people in central Pennsylvania to fill full- and part-time temporary jobs for the 2010 Census.

via Census Bureau seeks hundreds for jobs in Pa. – News, Sports, Jobs, Community Information – The Altoona Mirror.

 

* JOHNSTON – Global property insurance giant FM Global added 180 full-time workers in Rhode Island and Massachusetts during 2008 and “is anticipating continued employment growth in 2009,” the company said today.

via FM Global to continue hiring in 2009 – PBN.com – Providence Business News.

 

* Carleton Life Support Systems brought good news to the Quad-City economic scene Friday with an announcement that it will grow by 80 jobs as it moves its air-to-air refueling business from California to Davenport.

 

Mike: The layoff news took a turn for the worse as the day progressed. The numbers are getting larger, especially when you see 30,000 losing their jobs at one location as happened to Circuit City. The job cuts aren’t being kind to any profession, but tech, manufacturing, mining and health care seemed especially brutal today.  I’ll update this posting as needed. 

 

- The weekend is upon us, so let’s end it with a little weekend music and humor………

 

 

Mike: This is in honor of Citi bank breaking in two today and for Bank of America securing another $20 billion for another bailout

 

 

more about “Saturday Night Live – First CityWide …“, posted with vodpod
Tom Toles - Jan 16

Tom Toles - Jan 16

 

Enjoy:

 

Jonh Mellencamp – Wild Night

 

Mighty Mighty Bosstones – Knock on Wood

 

 

 

 

top

 

 

 

 

 

January 15 – 524,000 new jobless claims – Google sheds 100 – Sanyo cuts 1200 – 2000 less at Delta – 750 lose jobs at Autodesk – 2000 gone in TN? – DOW dumps 500 in TX – GE Aviation downs 1000 – Seagate’s total now 3000 – MeadWestvaco dumps 2000 – Roche swallows 780 – Xerox starts it’s job chop

Mike: Good day to all. Today’s big jobs report is the Jobless Claims  numbers, which is released at 8:30 Eastern. The expected results are 500,000 new claims with a range of 442,000 to 700,000. The below graph shows jobless claims over the past two years:

 

Jobless Claims

Jobless Claims

 

Mike: Here are today’s job related announcements:

 

 

Microsoft/Google/IBM News & Rumors -

 

* Google’s Loss of Innocence: 100 Jobs Cut

The Magical Kingdom of Larry and Sergey has laid off 100 full-time recruiters, a tipster tells us. Inevitable, given the economy. But a crushing blow to Google’s self-image as a kinder-than-thou employer.

via Google’s Loss of Innocence: 100 Jobs Cut.

 

* Google has announced 100 layoffs and range of engineering office closures across three countries.

The 100 positions to be cut come from recruiting, and are on top of a confirmation from Google that “almost all contracts with external contractors and vendors providing recruiting services” have been cut. The layoffs are the first confirmed by Google for Google employees, after rumors of up to 10,000 contractors had been cut (others suggest the number is 4,500).

via Google Cuts 100 Jobs, Closing Engineering Offices.

 

* It appears that the bad economic times are catching up with Google, as the search giant has announced that it will shut down – or at least stop supporting – various of its more unpopular web based services in an effort to streamline its operations in a recessionary economy. Included among the affected services are: Google Notebooks, Google Catalogs, Dodgeball, Google Video, Google Mashup Editor and Jaiku.

 

* For weeks now, rumors have been circulating the Internet that Microsoft would be laying off employees on Jan. 15, tomorrow. As we approach the date, talk is intensifying.

WSJ: Microsoft Corp. is seriously exploring significant work force reductions that could be announced as early as next week, in a sign that the weak economy is prompting tough decisions even at one of the steadiest ships in the technology industry.

via Microsoft Layoffs Coming Tomorrow? (MSFT).

 

* SAN FRANCISCO (MarketWatch) — Microsoft Corp. is considering cutting a significant number of jobs as early as next week, according to a media report late Wednesday. The online edition of The Wall Street Journal, citing unnamed sources, reported that plans for the job cuts are still in flux and the company may yet find other ways to cut costs.

via Microsoft considering job cuts: WSJ – MarketWatch .

 

* Things must be really bad out there. Even one of the world’s richest men is cutting back. We’re hearing that Vulcan — the private investment firm of Microsoft co-founder Paul Allen — is planning layoffs as soon as tomorrow.

“The atmosphere is very nervous, a lot of gallows humor,” said one employee who fears that his job may be lost. The employee, who asked that his name not be used, said he was told by a manager to expect job cuts tomorrow. Vulcan spokesman David Postman declined to comment on the specifics of that rumor.

via Paul Allen’s Vulcan readying for layoffs, staffer says he’s nervous – TechFlash: Seattle’s Technology News Source.

 

* Local analyst sees job cuts of 6 to 8 percent at Microsoft, lowers earnings estimate

Posted by Benjamin J. Romano

With Microsoft’s fiscal second-quarter earnings a week away, analysts are chiming in with their expectations. In a report to investors this morning, Sid Parakh of McAdams Wright Ragen writes: “[C]hecks indicate that Microsoft is likely to reduce headcount in the near-term to the tune of 6,000 – 8,000 employees, or 6% – 8% of its ~95,000 employee workforce. Underperforming employees are the most likely targets in the expected reorganization.”

via Microsoft Pri0 | Local analyst sees job cuts of 6 to 8 percent at Microsoft, lowers earnings estimate | Seattle Times Newspaper Blog.

 

- General Economic News -

 

Mike: Another large number of new jobless claims that was unexpected. The increase shouldn”t be unexpected considering the ever increasing job loss announcements:


* WASHINGTON (AP) — New claims for jobless benefits increased more than expected last week, reflecting continued weakness in the labor market in the new year.

The Labor Department reported Thursday that first-time requests for unemployment insurance jumped to a seasonally adjusted 524,000 in the week ending Jan. 10, from an upwardly revised figure of 470,000 the previous week. Analysts had expected 500,000 new claims.

via New jobless claims increase more than expected - Yahoo! Finance.

 

Mike: Other economic reports due today are:

Producer Price Index   The December estimate is -2.0% for December.  The Producer Price Index (PPI) is a measure of the average price level for a fixed basket of capital and consumer goods received by producers.

Empire State Mfg Survey   The forecast for January is -25. The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent a variety of industries. On the first of each month, the same pool of roughly 175 manufacturing executives (usually the CEO or the president) is sent a questionnaire to report the change in an assortment of indicators from the previous month. Respondents also give their views about the likely direction of these same indicators six months ahead.

 

 

Haver Analytics

Data Source: Haver Analytics

 

Mike: Some minor improvement in the manufacturing index, but still contracting:

*  Jan. 15 (Bloomberg) — Manufacturing in New York contracted for a ninth straight month in January and a gauge of expectations for six months from now was negative for the first time on record.

The Federal Reserve Bank of New York’s general economic index rose to minus 22.2 from a revised minus 27.9 in December that was lower than previously reported, the bank said today. Readings below zero for the Empire State index signal manufacturing activity is shrinking.

via Bloomberg.com: Worldwide.

 

* More than 2.3 million American homeowners faced foreclosure proceedings last year, an 81 percent increase from 2007, with the worst yet to come as consumers grapple with layoffs, shrinking investment portfolios and falling home prices.

via ABC News: US Foreclosure Filings up 81 Percent in 2008.

 

Foreclosures Increase 81% in 2008fc1 f2Foreclosures Increase 81% in 2008

 

 

 

- Municipal News -

 

* The Leoni Township Board continued its efforts to eliminate a nearly $800,000 projected budget shortfall Tuesday by approving three layoffs in its Department of Public Safety.

via Leoni Township public safety director resigns; three officers laid off – Jackson News – The Latest News, Blogs, Photos & Videos – MLive.com

 

* NASHVILLE, Tenn. (AP) – The Tennessee Board of Regents voted unanimously Wednesday to allow Chancellor Charles W. Manning to authorize system presidents to order layoffs, pay cuts and work time reductions.

via WAAYTV.com – Huntsville, Alabama – News Weather, Sports | Regents authorize layoffs, pay cuts.

 

* Gov. Phil Bredesen said over 2,000 state employees face layoffs because of the state’s budget crisis.

Bredesen told The Tennessean on Wednesday that his departments have submitted budget cut proposals that would trim the state’s payroll by over two thousand employees, although he did not give a specific number.

via Bredesen: over 2,000 state workers may be laid off | www.tennessean.com | The Tennessean.

 

* KNOXVILLE — The University of Tennessee predicts a $66 million cut in state appropriations could force the elimination of 700 jobs even with a tuition increase next year.

via UT predicts 700 lost jobs to deal with budget cuts | www.tennessean.com | The Tennessean.

 

* The slow drip of city layoffs announced by Mayor Eddie A. Perez three months ago continues, with five more employees losing their jobs to a slumping economy and a tightening city budget.

via Hartford Lays Off Five More Workers — Courant.com.

 

* LEESBURG — Two more city employees have been laid off, victims of a slumping building market, officials said Wednesday.

via Daily Commercial.

 

* First Selectman Peter Tesei will seek to cut as many as 70 jobs from the town’s non-school work force of 1,020 employees — some through layoffs and others by attrition — to make up for declining revenues.

via Tesei seeks cuts in town work force – Greenwich Time.

 

* SAGINAW, Mich. – Saginaw Board of Education members have approved laying off more than 100 district employees.

via Saginaw School District to lay off 118 workers — chicagotribune.com.

 

* Macomb County commissioners reversed the layoffs of 10 employees this morning after labor negotiations took a positive turn in yet another twist in the ongoing budget crisis.

via Macomb County board reverses 10 layoffs | Freep.com | Detroit Free Press.

 

* SEATTLE (Map, News) – The Seattle School Board has been told that in addition to closing schools it will have to lay off staff to help balance the budget.

The Seattle Post-Intelligencer says the board was told Wednesday about plans to cut 123 positions, including teachers, library assistants and custodians.

via Seattle schools plan to cut 123 jobs – Examiner.com.

 

* Essex County Executive Joseph DiVincenzo Jr., capping weeks of sometimes dire economic warnings, today introduced a $675 million budget that calls for the elimination of 219 positions, including 68 layoffs, in a belt-tightening that will reach into nearly every corner of county government.

 

- US and some Canada News -


* Dow Chemical Co. will cut about 500 full-time jobs at its Texas Operations facility in Freeport as part of an effort announced last month to control costs amid the economic recession.

via Dallas Morning News | News for Dallas, Texas | Texas/Southwest.

 

* Seagate, a leading hard-drive maker, will conduct a far more drastic round of layoffs than the company had indicated earlier this week.

Close to 3,000 people, or 6 percent of Seagate’s global work force, will lose their jobs in the next couple of months, the company said Wednesday in a regulatory filing. On Monday, Seagate revealed plans to lay off about 10 percent of its United States work force, or close to 800 people. It has now expanded those plans to include the broader layoffs, which affect its workers across the globe.

via Seagate Layoffs Grow From 800 to 3,000 – Bits Blog – NYTimes.com.

 

* Semiconductor maker Standard Microsystems Corp (SMSC.O: Quote, Profile, Research) said it would cut 5 percent to 10 percent jobs worldwide to reduce costs as it faces weak customer demand.

via UPDATE 1-Standard Microsystems to cut jobs | Reuters .

 

* General Electric Co., the world’s biggest jet-engine maker, plans to eliminate more than 1,000 salaried jobs at its GE Aviation division as orders slow and it integrates the acquisition of Smiths Group PLC’s aerospace unit.

 

* Although Paragould Teleflora human resource manager Hal Wyatt had no comment, the Daily Press learned Tuesday morning that some employees were terminated.

In a statement released from Teleflora president Shawn Weidmann in Los Angeles, said, “Teleflora reduced a select number of positions across all business units to align costs with current and long term business priorities.

via Paragould Daily Press: Serving Greene County, Arkansas > Local News.

 

* The Baltimore Symphony Orchestra has laid off five employees, or about 8 percent of its staff, and eliminated several positions to save $500,000 and help balance its budget.

via Baltimore Symphony Orchestra cuts jobs to sidestep deficit – Baltimore Business Journal: .

 

* Superior Industries International Inc., one of the San Fernando Valley’s biggest employers, said Tuesday it will close its Van Nuys wheel factory and lay off 290 workers in response to the downturn in the auto industry.

The Woodley Avenue plant, where Superior started its business more than 30 years ago, will stop manufacturing aluminum-cast wheels in late June and will complete the layoffs by September, said Erica Turner, the company’s chief financial officer.

via Superior Industries to close Van Nuys wheel factory – ContraCostaTimes.com.

 

* The Altec Carlisle plant on Sinclair Boulevard is closing its doors for good and putting 46 employees out of work.

The company notified the city’s economic development department Tuesday that the closing is the result of a decision by head office to close its Brantford plant and consolidate operations in the U. S., where it has closed another plant.

via City plant closing, 46 jobs lost – Brantford Expositor – Ontario, CA .

 

* KINSTON, N.C. — Two industrial plants in eastern North Carolina have announced a closing and a layoff because of the slumping economy.

The Kinston Free Press reported Wednesday that Gilbarco Veeder-Root will close its facility and that the Electrolux plant will temporarily lay off 100 employees.

via Gilbarco closes Kinston site, Electrolux cuts jobs :: WRAL.com.

 

* A North Bergen book manufacturer in business for more than 30 years will close its doors in March and 72 people will lose their jobs, a company official said.

via N. Bergen book plant will be closing in March – NJ.com.

 

* National Hirschfeld, one of the largest commercial printers in the region, said Tuesday that it will close its printing plant and lay off its 250 workers by the end of the month.

The century-old company let go most of its workers Tuesday but kept a few to finish jobs in progress.

via Denver’s 102-year-old Hirschfeld to stop its presses – The Denver Post.

 

* MARTINSBURG – This week, 35 employees at the Quad/Graphics plant in Martinsburg will be notified that they no longer have a job.

The company will eliminate both production and administrative positions as a way to keep the company going during the downturn in the economy, according to a company representative.

via Printing firm plans 35 layoffs – News, sports, jobs, community information for Martinsburg – Journal News.

 

* NORTH ADAMS — Citing poor holiday card sales, Crane & Co. announced on Tuesday that it has eliminated 22 jobs at a North Adams facility.

The 22 employees have been laid off from Crane’s personalized design services facility on Curran Highway. They will be able to apply for other jobs within the company during a 12-week period in which Crane will maintain their benefits, including health insurance, the firm said.

via Crane lays off 22 from card facility – Berkshire Eagle Online.

 

* Port Townsend Paper Corp. temporarily laid off 28 hourly employees effective Monday morning, Jan. 12, according to a union official.

Company management declined to comment on the action, due to a new policy of making no public announcements. But Jim Little, president of U.S. Steelworkers Local 175, verified that four people are laid off for one week and 24 for two weeks.

via Mill lays off 28 in temporary curtailment.

 

* OOLTEWAH, TN (BRAIN)—American Bicycle Group has laid off 25 percent of its Tennessee manufacturing workforce along with vice president of sales Steve Boyd.

Other employees were let go as well including independent sales reps. The company employs roughly 100 people.

via Bicycle Retailer and Industry News.

 

* Aberdeen’s Hub City Inc. is laying off 49 workers, a company official told the American News on Wednesday.

“The reason is simply we’ve been negatively impacted by the economy,” said Jim Campbell, vice president and general manager.

via AberdeenNews.com.

 

* American Express Publishing, which publishes titles such as Food & Wine and Travel & Leisure, laid off another 33 people today as part of a drive by its parent company, American Express Co., to cut its head count 10%, a company spokeswoman confirmed.

via American Express Publishing Lays Off 33 – Advertising Age – MediaWorks.

 

* Iron City Brewing said today it will temporarily move production of Iron City and IC Light cans outside Pittsburgh while it fixes its balky canning line, resulting in the layoff of 25 percent or more of its work force.

via Iron City Brewing to move production, lay off staff.

 

* FreightCar America Inc. filed notice with the state that it is laying off 120 workers from its facility in Roanoke.

via FreightCar America lays off 120 in Roanoke | WSLS 10.

 

* Utility Trailer Manufacturing Co. announced Tuesday it will lay off assembly workers at its Atkins facility in response to lower over-the-road trailer sales. Human Resources Manager Bill Weaver said Wednesday the furlough of “about 90” would take effect at the end of this week.

via Utility Trailer to lay off about 90 from Atkins plant – SWVAToday.com.

 

* Mid South Lumber of Meridian will soon shut down indefinitely. The president of the company, Russ York, said it’s unclear how long the temporary shutdown will last.

What is certain is that about 100 employees are losing their jobs.

via Mid South Lumber to Close Indefinitely .

 

* RUSSELLVILLE, Ark. — Engine part maker Mahle Inc. said it will lay off between 30 and 35 workers at its plant in Russellville.

The company said Tuesday that the layoff will be effective Jan. 26, and will leave the plant with about 210 workers. The factory produces camshafts for heavy-duty diesel engines.

via Russellville Plant Lays Off About 30 Workers – Local News Story – KHBS NW Arkansas.

 

* TORONTO — Novadaq Technologies Inc. (TSX:NDQ) said Wednesday it will lay off 25 employees, or approximately 30 per cent of its workforce, to reduce annual operating expenses by $1.8 million.

via The Canadian Press: Novadaq Technologies to lay off 25 employees, or about 30 per cent of its workforce.

 

* UST Inc., the smokeless tobacco products maker that Altria Group Inc. bought last week, announced the first 34 layoffs stemming from the total shutdown of its Stamford headquarters by year’s end.

via UST announces first layoffs – Greenwich Time.

 

* REXBURG – ARTCO in Rexburg announced Wednesday 45 employees will be laid off, according to a news release. The workforce reduction will become effective Friday, Jan. 16.

via LocalNews8.com Idaho Falls, Pocatello – Weather, News, Sports – Rexburg Company Cuts 45 Jobs.

 

* As it prepared to open its first show of 2009 Wednesday night, the Cleveland Play House announced it has laid off five senior staff members in an effort to reduce costs and maintain high-quality productions and arts-education programs.

via Cleveland Play House lays off 5 senior staffers – Cleveland Playhouse Square & Ohio Community Theater Reviews | On Stage – cleveland.com.

 

* VICKSBURG, Miss. — The closing of Simpson Dura-Vent’s plant in Warren County will be completed by the end of March, sooner than the original timetable announced a year ago by the company.

About 103 production employees worked their last day Dec. 31.

via Plant closing in March – Regional Wire – SunHerald.com.

 

* Everyone knows that many media organizations are struggling, and now the latest evidence comes from PlanetOut, where as many as a third of the staff was laid off this week.

The first word of the reductions at the popular lesbian gay, bisexual and transgender news and entertainment network came Monday via the prolific The Media is Dying Twitter feed, which aggregates reports of layoffs and staff moves across the media industry.

via Sources: Heavy layoffs at PlanetOut | Digital Media – CNET News.

 

* Grey Bruce Health Services plans to layoff 20 staff as part of a plan to balance the budget.

The 20 staff are from various departments in the hospital — from nurses to clerical staff.

via Bayshore Broadcasting Corporation.

 

* WILKES-BARRE – Holding out as long as it could, Wyoming Valley Health Care System Wednesday announced a limited number of layoffs and curtailed internal construction projects until the economy improves.

The health care system, which operates Wilkes-Barre General Hospital, cut seven management and eight-non-management positions.

via WVHCS makes layoffs, curbs internal building | Wilkes-Barre News | The Times Leader .

 

* Earlier this week, KEIPER announced it will let 49 employees go, citing the U.S. automotive industry’s biggest reduction in more than a quarter century.

As an automotive supplier, KEIPER has been directly impacted by this unfortunate situation, according to a statement issued by the company. The Eldon plant mostly makes seat parts for the industry.

via More industrial layoffs announced: KEIPER cuts three shifts to one in Eldon – Camdenton, MO – Lake Sun Leader.

 

* In December, Delta, which has about 75,000 staff worldwide, said it would offer employees severance packages, but it didn’t say how many jobs it aimed to cut.

“We are expecting a number of around 2,000 because the capacity reduction is going to be around 6 to 8 percent,” Delta CEO Richard Anderson told reporters on the sidelines of a media briefing in Tokyo.

via Delta Eyes 2,000 Job Cuts Via Early Retirement – Business News: The Post Chronicle.

 

* COLUMBIA, S.C. — South Carolina’s Parks, Recreation and Tourism Department has laid off 17 workers and ordered other employees to take three days off without pay because of budget cuts.

via SC parks, tourism agency lays off 17 workers – State & Regional – Wire – The State.

 

* Wheaton Franciscan Healthcare plans to eliminate additional jobs in the coming weeks as the sagging economy continues to take its toll on health care.

The health care system, which employs about 12,000 people, has cut about 150 jobs in southeastern Wisconsin. It also has not filled about 100 jobs.

via Wheaton Franciscan plans additional job cuts – JSOnline.

 

* Acme Markets will close three Philadelphia-area stores, a spokeswoman said.

Stores in Ambler, West Chester and Collegeville, Pa., are slated for closure within two months. A fourth store, in Newton, Sussex County, N.J., will also close.

The company said employees would have the option to move to other stores. It did not say how many employees were affected.

via Acme closing three Phila.-area supermarkets – Philadelphia Business Journal: .

 

* New Albany plastics manufacturer Beach Mold and Tool Inc. has laid off 193 workers in response to a decline in demand.

The company, located at 999 Progress Blvd., said in a filing with the Indiana Department of Workforce Development that it began laying off people on Sept. 16 and continued laying off workers through Jan. 9.

via Beach Mold and Tool lays off 193 – Business First of Louisville: .

 

* The slumping housing market is taking its toll on the country’s second-largest lumber producer.

Sierra Pacific Industries eliminated the third shift at its Anderson sawmill this week, a move that means the loss of 24 jobs, company spokesman Mark Pawlicki said.

via Sierra Pacific cutbacks mean 24 workers laid off : News : Redding Record Searchlight.

 

* Athletic shoe and apparel maker Reebok has eliminated approximately 310 jobs, including 65 in Indianapolis, as it restructures to deal with the global economic slump.

via Reebok layoffs include 65 in Indy | IndyStar.com | The Indianapolis Star .

 

* CANTON, Mass. – Athletic shoe and apparel maker Reebok has eliminated approximately 310 jobs as it restructures to deal with the global economic slump.

Reebok International President Ulrich Becker said on Tuesday that the move was designed to help the company bring its cost structure in line with its 2009 targets.

via Reebok laying off more than 300 workers — chicagotribune.com.

 

* As part of its restructuring plan, Autodesk plans to reduce its workforce by approximately 750 employees, representing approximately 10 percent of the company’s global workforce. The company also plans to consolidate certain facilities.

via RTTNews – Latest Earnings,Upcoming Earnings, Pos Pre Announcements, Pos Pre Announcements , Positive Surprises, Negative Surprises, Hot Stocks, Stock Split Calendar, Stock Buybacks, Dividends, Negative, Positive PreAnnouncements,Surprises …. .

 

* MeadWestvaco Corp. said Thursday it would slash about 2,000 jobs, or 10% of its global workforce by year end as it addresses “current economic challenges.” The Richmond, Va., paper and packaging company said the cuts would result in pre-tax savings of about $125 million in 2009. By mid-2010, the company said job reductions and other related cost-cutting actions will result in annual pre-tax savings of $250 million to $300 million. MeadWestvaco said about 800 workers would be dismissed before the end of the first quarter.

via MeadWestvaco to cut 10% of its global workforce – MarketWatch .

 

* Minnetonka-based Opus Corp., a national real estate developer with a big operation in Minnesota, is eliminating about 200 positions nationwide due to the economic slow down.

via Developer Opus Corp. to cut 200 jobs – Triangle Business Journal: .

 

* Banner Health on Wednesday said that it will lay off 334 employees in Arizona as it seeks to navigate the tough economy, another sign that the recession is spilling over to health care.

The layoffs represents slightly less than 1 percent of Banner’s overall workforce of about 35,000, and the job cuts are a combination of management, administrative and clinical staff.

via Banner Health to cut jobs, costs.

 

* Faced with falling classified and advertising revenues, the Rutland Herald, Barre-Montpelier Times Argus and the New England Business Journals announced Wednesday the publications laid off 14 employees throughout the family-owned communications company.

via Times Argus, Herald lay off 14 employees: Rutland Herald Online.

 

* Thunder Bay, ON — The news from AbitibiBowater is not good. The company is idling its newsprint and kraft mill in the city, for several weeks. The reasons stated are a lack of demand for the products and expensive electricity costs.

There are an expected 700 layoffs which will happen in the newsprint operation from February 1 until February 25th. The kraft paper operation will shutdown from February 5 through to the 25th.

via NetNewsledger.com – Layoffs Planned at AbitibiBowater.

 

* Marshall & Ilsley Corp., suffering continued losses from the recession and bad real estate loans, said it will eliminate 830 jobs, or 8 percent of its work force.

via M&I posts $400M loss, will cut 830 jobs – The Business Journal of Milwaukee: .

 

* NEW YORK, Jan 15 (Reuters) – Aladdin Capital Holdings’ chief investment officer said on Thursday he has cut 15 jobs in the company’s structured bond business as it shifts focus to investment opportunities in corporate bonds and the loan market

via Aladdin Capital cuts 15 jobs, shifts to corp bonds | Markets | Bonds News | Reuters .

 

* U.S. toy company RC2 Corp (RCRC.O) slashed its fourth-quarter earnings outlook as preliminary quarterly sales trailed market estimates, and said it cut about 15 percent of its full-time white collar workforce, sending its shares down as much as 11 percent.

via UPDATE 1-RC2 slashes Q4 profit outlook; cuts jobs | Markets | Markets News | Reuters .

 

* Foley Hoag has cut about 6 percent of its workforce in response to the slumping economy, the law firm confirmed on Thursday.

The layoffs equates to about 32 people, and includes both associates and staff. Foley Hoag has about 227 lawyers in Boston.

via Foley Hoag announces layoffs – Boston Business Journal: .

 

 

* PORTLAND, Ore. (AP) — A Tigard-based charity that sends doctors and medical supplies to areas throughout the world has laid off nine people.

Medical Teams International spokeswoman Marlene Minor says the nine people, which represent 10 percent of the organization’s staff, were part of a small administrative core.

via Oregon nonprofit announces layoffs – NewsFlash – OregonLive.com.

 

* Roche CFO Erich Hunziker hinted at job cuts two days ago; now he’s putting a number to at least part of the layoff plan. The Swiss drugmaker plans to axe 780 positions from its production workforce over the next two to three years, Hunziker told investors today. The workforce cuts are in addition to a restructuring program that’s already set to reduce employment at Roche manufacturing facilities by 1,152.

via Roche adds 780 to planned layoffs – FiercePharma.

 

* Just two days after installing a new plant manager at its Benson facility, Polymer Group Inc. sent 31 area residents home without jobs Wednesday morning.

The changes are part of a larger corporate response to declining sales in the industrial sector, said Cliff Bridges, marketing and human resources communication director for PGI.

via PGI Cuts Workforce To Cope With Sales Slowdown.

 

* LIMA – The owner of Lucas Ford says his Greeley Chapel Road dealership remains open for business despite recent layoffs.

In an e-mail to The Lima News this morning, Lucas Ford owner Sean Gouhin said the dealership has laid off staff and hired a management company but is still in business.

via Lucas Ford owner: Dealership remains open despite layoffs | ford, lucas, business – Local News – LimaOhio.com.

 

* A Williston drilling company official says falling oil prices have led to about 150 layoffs so far and more are likely.

Scott Reid is the district manager for Nabors Drilling USA. He says the company has 27 oil rigs running but nine are down.

via KFYR-TV North Dakota’s NBC News Leader.

 

* Gerdau Macsteel, a hot-rolled special bar quality producer with steelmaking facilities in Jackson and Monroe, Mich., and Fort Smith, Ark., will implement temporary layoffs at the Monroe plant, effective Jan. 18, a spokesman said Wednesday.

The move will impact 46 employees, he added.

via (AMM) Gerdau Macsteel slates 2d wave of layoffs; 46 jobs hit – Metal Bulletin .

 

* AAA will announce layoffs of 200 employees today in a six-state region that includes Michigan, primarily because more members are conducting their business through the Internet and avoiding the trip into branch offices, said an AAA Michigan official.

via AAA Michigan says it will lay off 146 workers – Detroit Business News and Information – Crain’s Detroit Business .

 

* MERIDIAN, Miss. — Mid South Lumber, of Meridian, will shut down indefinitely, leaving 100 workers without jobs.

via Meridian Sawmill Closes, Putting 100 Out Of Work – Jackson News Story – WAPT Jackson.

 

* CRESCO (AP) — Featherlite Trailers has laid off workers from its plant in Cresco.

Company spokesman John Hall declined to say how many workers were let go but the town’s mayor, Rhonda Hughes, says about 200 workers lost their job.

via WCFcourier.com – Waterloo and Cedar Falls Iowa News Homepage | News » Breaking News.

 

* Upwards of 40 workers could be laid off as one of the two paper machines at the NewPage mill in Point Tupper shuts down for a week, a union official says. Ronnie Beaton, president of the Communications, Energy and Paperworkers Local 972, said that word came from a meeting between the union and NewPage Port Hawkesbury management Tuesday (Jan. 23) morning. A more precise number of those who will be laid off during the shutdown won’t be known until later in the week, however.

via Farm Focus: Forestry | Point Tupper mill shutdown could bring 40+ layoffs .

 

* Emeryville, CA-based BioNovo said today that, like so many other biotech companies, it will cut costs and staff “given current market conditions and the status of the financial markets.” The company, which markets women’s health and cancer therapies, is cutting about 15 percent of its staff. BioNovo will freeze the salaries of remaining employees and recommend to the Board of Directors that execs not receive their management bonuses for 2008. In addition, the company will halt work on preclinical drug candidates so it can focus on drugs in the clinic, search for partnerships or investors as sources of capital.

via BioNovo cuts staff, exec bonuses – FierceBiotech.

 

* DENTON — Peterbilt Motor Co. — Denton’s largest private-sector employer — announced it will lay off a small percentage of its 2,000-employee workforce effective Jan. 26.

via Layoffs at Denton truck builder | WFAA.com | Local News: TV .

 

* Texas Youth Commission officials this afternoon announced plans to fire 100 employees and eliminate 330 vacant jobs as part of a cost-cutting move, just a day after a legislative committee voted to merge the scandal-plagued agency out of existence.

via TYC cuts 430 jobs | Postcards.

 

* Technology vendor CDW Corp. has laid off workers for the first time in the company’s history, letting go of about 190 employees at its Vernon Hills offices.

CDW spokesman Clark Walter said Thursday the 190 workers, who were spread across the company’s operations, account for just under 3 percent of CDW’s nearly 7,000 employees. CDW, based in Vernon Hills, has offices in other U.S. cities.

via CDW to cut 190 in company’s first layoffs — chicagotribune.com.

 

* Domain Name Wire has confirmed that Los Angeles-based domain juggernaut Oversee.net is laying off employees today. From what we’ve been told it’s in the DomainSponsor division, but the layoffs may be more widespread. We are waiting on comment from the company regarding the number of effected employees. The layoffs come just two weeks before the company’s DOMAINfest conference in Los Angeles.

via Domain Name Wire » News » DomainSponsor Lays Off Staff – The Domain Industry’s News Source.

 

* MILWAUKEE (AP) — Even the brewing industry is starting to go flat in the worldwide economic slump.

SABMiller PLC, the London-based brewer of Grolsch, Miller Genuine Draft and Peroni Nastro Azzurro lagers, said on Thursday its beer shipments fell unexpectedly in the third quarter as consumers pulled back on their demand.

Carlsberg A/S, the Copenhagen-based maker of Carslberg beer, said it was cutting 274 jobs to save on costs due to a future “where we face more uncertainties and risks,” the company said in a statement.

via The Associated Press: Beer sales falling with economy.

 

* Pharr Yarns in McAdenville has laid off about 25 full-time employees because of softening demand for spun carpet yarn, a company official said

via Pharr Yarns lays off 25 full-time employees | CharlotteObserver.com.

 

* Hybrid electric and electric powertrains maker Azure Dynamics Corp (AZD.TO) said it would reduce its workforce by about 25 percent as part of a cost-reduction plan.

via UPDATE 1-Azure Dynamics to reduce workforce by about 25 pct | Industries | Consumer Goods & Retail | Reuters .

 

* XOMA Ltd. (Nasdaq:XOMA) announced that it will reduce its workforce by approximately 42 percent or 144 employees, a majority of which are in manufacturing.

via XOMA XOMA Announces Workforce Reduction.

 

* Military contractor BAE Systems said Wednesday it is laying off 114 employees and closing its Grainger County plant because the Department of Defense has postponed awarding a contract on armored vests.

via BAESF BAE Systems temporarily closes Grainger County, Tenn., plant.

 

* BARNWELL, SC — Darlene Creech says she”ll never forget when she heard the news that her job of 15 years would soon be gone.

“I went deaf. I couldn’t. I lost it and it still hurts because I was saying, ‘Lord, what am I going to do,'” said Darlene Creech.

After 16 years in business, the Barnwell Hanesbrand plant is closing its doors, shipping it’s work to El Salvador and leaving more than 300 people without a job come April.

via Barnwell plant closing; more than 300 out of a job .

 

* BELTON – The national recession hit closer to home this week.

Michigan chair manufacturing company izzydesign will close its Belton plant this year, company spokeswoman Clare Wade said on Wednesday. About 90 jobs, in both manufacturing and customer service, will be affected.

via TDTNews.com – Temple Daily Telegram.

 

* LaGrange County has taken another economic hit, as Sun Valley Inc. announced it was closing its doors, the News-Sun in Kendallville reported today.

Sun Valley, a recreational-vehicle manufacturing plant, was one of the newer plants in the county. The business opened in late 2005 and at its peak employed about 100. It currently has about 20 employees at the Howe plant, with nearly half of them residents of LaGrange County and half of Michigan.

via Sun Valley will close plant.

 

* (Rochester, N.Y.) — According to a Xerox spokesperson, 275 Rochester-area employees will be laid off over the next month.

Currently there are 7,320 local Xerox employees in the Monroe County area, so the number accounts for just under 3 percent of the county’s workforce.

via 275 Local Xerox Employees to be Cut – 13WHAM.com .

 

* Layoffs that Xerox Corp. announced last fall took effect Thursday at the company’s Wilsonville plant.

via Xerox lays off 50 – Portland Business Journal: .

 

* SEATTLE — A Vulcan Inc. spokesman says the Seattle company owned by billionaire Paul Allen plans to lay off 50 workers.

via Vulcan Inc. to lay off 50 employees.

 

* Heidrick & Struggles International Inc., the Chicago executive search and consulting concern, said late Thursday that its first-quarter results will be marred by a $20 million charge to cover costs of a new restructuring initiative.

The company, which has seen demand for its services weaken as the economy erodes around the globe, said the restructuring calls for reducing its worldwide workforce by 12 percent — but didn’t specify how many jobs it plans to eliminate. At year-end 2007, the company said in a previous regulatory filing, Heidrick had 1,647 employees.

via Heidrick & Struggles to shed 12% of workforce in restructuring — chicagotribune.com.

 

* About 325 people – nearly half the workforce – were laid off by Hatteras Yachts in New Bern on Wednesday.

It’s the most recent in string of cuts Hatteras has made in the last couple of years, forced by what the company’s chairman is calling one of the boating industry’s most difficult times ever.

via Hatteras Yachts Lays Off Nearly Half Its Workforce | WNCT.

 

* NEW YORK -(Dow Jones)- Saks Inc. (SKS) will cut about 1,100 jobs as part of a sweeping cost-cutting program after the high-end retailer’s efforts to attract customers through deep discounts during the holiday season failed to drum up much business.

via Saks Plans Major Cuts On Heels Of Plunge In Christmas Sales.

 

* Electronics manufacturer TTM Technologies Inc (TTMI.O) said it would cut about 14 percent of its total workforce and shut its Redmond, Washington facility due to weak demand for commercial printed circuit boards.

The company said it will transfer the production of printed circuit boards from its Redmond facility, which employs 374 full-time and 55 temporary employees, to other company sites in California, Connecticut, Utah and Wisconsin.

It also plans to cut about 140 jobs at its other plants.

via UPDATE 1-TTM Technologies to cut 14 pct jobs | Industries | Technology, Media & Telecommunications | Reuters .

 

* Jan. 15 (Bloomberg) — PolyOne Corp., the maker of Geon vinyl compounds, plans to cut 370 jobs, close a factory and reduce production globally because of weak sales to auto and housing markets.

via Bloomberg.com: Canada.

 

* ADAMS COUNTY, Pa. — An Adams County cabinet plant will close in March 2009, MasterBrand Cabinets Inc. announced Thursday.

 

- International News -

 

* International mobile provider Digicel, is preparing to cut up to 450 jobs in the Caribbean, as it offers a voluntary separation programme to employees.

via Dominica News – Breaking news and daily local news.

 

* The Finnish firm said it would cut around 5,000 jobs globally out of 21,000 in total, aiming for annual savings of between 80-100 million euros ($105-131 million). Elcoteq said savings would be seen from the second quarter onwards and significantly improve full-year profitability.

via UPDATE 1-Elcoteq to cut 5,000 jobs, shares soar | Industries | Technology, Media & Telecommunications | Reuters .

 

* TOKYO – Japan’s Sanyo Electric Co Ltd, set to be acquired by Panasonic Corp, cut its annual net profit outlook as losses climb in its chip business, and it said it would eliminate 1,200 jobs.

Sanyo, the world’s top producer of rechargeable batteries, said on Thursday that declining sales, a soaring yen and restructuring and impairment costs in its chip operations will cancel out profits.

via Business Spectator – Sanyo cuts net profit outlook to zero as chips bite.

 

* (TOULOUSE, France) Airbus expects orders to dip below deliveries in 2009 for the first time in six years as airlines curb spending amid the economic crisis, the planemaker’s head said Thursday.

via Airbus sees 2009 orders dipping below deliveries | Newsweek Business | Newsweek.com.

 

* Jan. 15 (Bloomberg) — Telstra Corp. is considering plans to cut thousands of extra jobs as the economy slows, the Australian Financial Review said, citing sources within the company it didn’t identify.

via Bloomberg.com: Australia & New Zealand.

 

* Troubled music retailer Zavvi is to close a further 18 stores, administrators Ernst & Young have said.

The closures, which will cost 353 jobs, include the music and DVD chain’s flagship store in Piccadilly Circus in London.

via Zavvi To Close 18 More Music Stores – GIGWISE.

 

* Assa Abloy AB (ASSA-B.SK), the world’s largest lock maker by sales, Thursday became the latest Swedish company to make a swathe of job cuts in response to the economic downturn, announcing a new sweeping 1.18 billion Swedish kronor ($141.8 million) restructuring program that includes shutting down 15 productions units and laying off 1,800 employees.

via Dow Jones Deutschland: Assa Abloy To Close 15 Units, Cut 1,800 Jobs.

 

* Denby Pottery is in talks with union leaders over the exact number of layoffs, a spokesman said.

The firm employs 700 people at its offices, factories and shops across the UK, with 500 of them working at the headquarters in Denby, Derbyshire.

via BBC NEWS | England | Derbyshire | Pottery firm set to cut workforce.

 

* Punch Taverns has announced it is planning to cut 100 jobs at its head office in Staffordshire.

via BBC NEWS | UK | England | Staffordshire | Punch Taverns axes 100 HQ staff.

 

* A THOUSAND jobs are to go in Bradford at the ailing home shopping giant Grattan, the Yorkshire Post has learned.

Grattan yesterday warned its entire 3,800-strong workforce that their jobs were at risk.

via Grattan to axe 1,000 jobs – 3,800 ‘at risk’ – Yorkshire Post .

 

- Hiring News -

 

* IBM, the world’s largest technology services company, plans to open a new computer support center in Iowa, creating up to 1,300 new jobs and defying a trend of widespread corporate layoffs.

The Dubuque facility in a 10-story office building once occupied by now-defunct retailer Roshek’s Department Store, will create jobs for high-tech workers at a time when many technology companies are cutting staff.

via IBM to Create Up to 1,300 Jobs in Dubuque Facility – Computer Services * Technology * News * Story – CNBC.com.

 

* People are scrambling to inquire about CityCenter’s 12,000 job openings, considered by some to be the largest single employment opportunity in the United States.

Among Monday’s hoards of hopefuls stood Las Vegas resident Brandy Smith-Philips, who was waiting her turn to be called for a brief starter interview at a makeshift job center set up by CityCenter.

via ABC News: Applications Roll in for 12,000 New Jobs in Las Vegas .

 

Mike: It’s been a brutal day for layoffs and the news just keeps coming. I’ll post any big layoffs, but let’s leave today’s bad news with a few laughs.…………….

 

more about “Back in Black – Bailouts | The Daily …“, posted with vodpod
Adams - Jan 14

Adams - Jan 14

 

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January 14 – 4000 gone at Motorola – Pink slips for 500 at Oracle – Microsoft/IBM/ layoff rumors – Mount Carmel cuts 300 – Neiman Marcus exits 375 – Jaguar dismisses 450 in UK – Barclays axes another 2000 – bon voyage to 800 at Air Canada – Seagate deletes 2950 – Reebok runs out 300 – Plantronics -18% – 1000 done at Ecolab

Mike: Good day to all.

- One of my pet peeves remains the rather quiet ride that the MSM is giving upcoming congressional pay raises. Congress enacted law that raises their salary automatically indexed for inflation – a COLA (cost of living allowance) increase. I personally don’t believe that they deserve any raise whatsoever, since they are the stewards of this sinking financial ship and all it’s job losses.

Congress oversaw all the housing/banking/financial corruption  and dishonesty while sitting back and doing nothing to prevent those abuses. They readily accepted campaign contributions from the same culprits that created this mess and was complicit in ignoring and often willingly assisted the current financial carnage. Let me list a couple ways that congress acted irresponsibly:

- Congress shouldn’t accept a raise until they perform their duties in a competent manner. Stupidity, ignorance, greed, befriending lobbyists at the expense of constituents, and endless campaigning are not reasons to be receiving pay raises. There are a few honest politicians who take their jobs seriously and are quite capable, but as Henry Kissinger put so aptly, “Ninety percent of politicians give the other ten percent a bad reputation.”
Visit DOES CONGRESS DESERVE A PAY RAISE? and voice your opinion by filling out the simple form letter

 

- There is some action pressure mounting to stop these automatic raises and let’s hope the voices get louder:

* With Congress under fire for accepting a pay raise while many Americans are getting pink slips, momentum is building to nix the automatic pay hike for 2010.

Angry feedback from constituents could push the issue to a vote this year, according to taxpayer watchdog groups and supporters of legislation introduced in the House last week.

via Irate taxpayers may put Congress’ COLA on ice – PittsburghLIVE.com .

 

- Thanks for listening. Onto today’s layoff news:

 

 

 

Microsoft/Google/IBM News & Rumors -

 

 

* A wild news day for tech stocks, with Sony posting its first quarterly loss in 14 years and rumors running rampant that Microsoft will start laying off employees after all.

A week or so ago, Microsoft issued a statement saying that the company would avoid layoffs, and would instead focus on cutting back on contractors and not replacing employees who left the company. So much for that, apparently. But we’ll know for sure by January 22, the date of Microsoft’s next earnings call.

via Layoffs at Microsoft After All? Apple Weathers the Storm.

 

* Did SAP & Oracle cut loose staff?

There have been a number of web sites reporting planned or executed layoffs at various software firms. Some of the rumored layoffs are supposed to occur at venerable firms like SAP, Oracle, Infor and others.

via Layoffs at large software firms – Fact or Fiction? | Software & Services Safari | ZDNet.com .

 

* Tomb Raider: Underworld’s lackluster performance has left Eidos smarting. Earlier this week, the British publisher revealed that sales of the game, while respectable at 1.5 million units worldwide, failed to live up to the company’s internal expectations. As a result of the lackluster sales, Eidos said it would be trimming its full-year revenue forecast by £20 million ($30.39 million).

The game’s performance has apparently negatively impacted developer Crystal Dynamics. Over the weekend, Joystiq received word that the Redwood City, California-based developer served approximately 30 staffers their walking papers on Friday.

via Tomb Raider dev trimmed, makeover planned? – News at GameSpot.

 

* When economist Jeff Carr builds his economic forecast for the state, he estimates how many jobs the state will lose. Carr makes a special estimate for Vermont’s largest manufacturer, IBM.

He projects the Essex Junction semiconductor plant will lay off 400 workers a year over the next five years. “I don’t know if that’s enough. That was before the latest rumors,” he cautioned Tuesday.

via Economist forecasts IBM layoffs | burlingtonfreepress.com | The Burlington Free Press.

 

* Telecom company Nortel Networks Corp. could be set to file for bankruptcy protection as early as Wednesday morning.

The board of directors of North America’s largest telecom equipment maker met in Toronto Tuesday night to discuss the company’s limited financial options.

via Nortel may be poised to file for bankruptcy protection.

 

* Motorola’s (MOT) cellphone division layoffs are set to start today, Phone Scoop editor Eric Zeman says on Twitter.

“According to some DM’s I got from Motorola peeps, the layoffs are happening today. Keep an eye out for announcements via WSJ, Reuters, et al”

via Motorola Layoffs Underway? (MOT).

 

* 9:40 AM — It seems there’s more dire device business news to come from Motorola Inc. (NYSE: MOT – message board) in 2009. Speculation is mounting that Motorola is set to announce later this week major cost cutting measures, including more layoffs in its struggling handset division.

via Unstrung – More Moto Cuts Rumored – Wireless Bits.

 

* NEW YORK, Jan 13 (Reuters) – Motorola Inc (MOT.N) is expected to make steep cost cuts, including more layoffs, at its mobile devices division as a broad slump in demand for cell phones exacerbates its own market share declines.

With even market leader Nokia (NOK1V.HE) warning about weakening phone demand, analysts say Motorola could miss Wall Street’s already low expectations for phone sales in the fourth quarter and the current quarter.

via Motorola cutting more jobs as phone sales fall | Reuters .

 

- General Economic News -

 

* WASHINGTON (AP) — Retail sales plunged far more than expected in December, a record sixth straight monthly decline as consumers were battered by a recession, a severe credit crisis and soaring job losses, none of which are likely to ease anytime soon.

The Commerce Department reported Wednesday that retail sales dropped 2.7 percent last month, more than double the 1.2 percent decline that Wall Street expected.

via Retail sales plummet 2.7 percent in December – Yahoo! Finance.

 

Mike: Below is another optimistic report from the feds who have to come out with optimistic reports to calm the public. His determination that unemployment won’t reach double digits is one of those rose-colored-glasses scenarios. He fails to say that the unemployment rate is calculated differently than it was in the 1980s as discouraged workers are no longer counted in today’s unemployment figures. As a result, the true unemployment figure today is already greater than 10% as shown in the graph that follows:

 Chart of U.S. Unemployment

Mike: According to  Shadow Government Statistics   “The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated “discouraged workers” defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment.” So the following fed statement is false if you are comparing 1980’s and 2000’s unemployment numbers. Why they continue to twist the truth and confuse the matter is something I find disheartening, if not disturbing.

 

* NEWARK, Del. (AP) — The president of the Federal Reserve Bank of Philadelphia expects the economy to slowly start recovering in the second half of 2009 and inflation to remain below 2 percent over the next year.

In a speech Wednesday at the University of Delaware, Charles Plosser also said that the unemployment rate probably won’t drop anytime soon, but that he doesn’t expect it to rise to double digits, as it did during the recession of the early 1980s.

via Fed official expects start of recovery in 2nd half – Yahoo! Finance.

 

* Yet another ignominious statistic to close out the nation’s decade of descent. The United States now has 3.8 job seekers for every job vacancy, the U.S. Labor Department’s Bureau of Labor Statistics announced Tuesday.

What’s more, the 3.8 job seeker stat in November 2008 is more than double the 1.8 job seekers per job vacancy stat recorded a year ago, in November 2007. The nation had 3.4 job seekers per vacancy in the previous month, October 2008.

via U.S. now has 3.8 job seekers for every job vacancy – BloggingStocks.

 

* WASHINGTON — After years of record highs, the trade gap has taken a dive. It’s a bit of good news on the surface, but it happened for a bad reason: A severe recession has sharply cut U.S. demand for foreign-made goods.

The deficit for November plunged by 28.7 percent to $40.4 billion, the Commerce Department reported Tuesday. That was the lowest monthly trade gap in five years and a far bigger improvement than economists had been expecting.

via Meltdown 101: A lower trade gap isn’t always good.

 

* A tidal wave of discontent threatens China

The most famous Chinese dissident predicts the Government will be trapped between the angry poor and the powerful rich

Wei Jingsheng

The whole world is suffering from an economic crisis. Some in the West, like a desperate drowning man clutching at a straw, have said the Chinese Government has a lot of money, let us beg them to save us from the crisis. But they do not realise that the Government in Beijing does not know how to save itself.

China has a $2 trillion foreign currency reserve but it also suffers from a huge disparity between the rich and poor: while 0.4 per cent of the people hold 70 per cent of the wealth of the country, a fifth of the population – more than 300 million Chinese – have daily incomes of less than one dollar. This extreme concentration of wealth is a serious problem for the Chinese Government and threatens its grip on power.

via A tidal wave of discontent threatens China | Wei Jingsheng – Times Online .

 

* The 25 strongest housing markets in America

 

 

- Municipal News -

 

 

* The governor also proposes eliminating the Kansas Technology Enterprise Corp and Kansas Inc, which would mean the loss of 21 jobs total in 2010. Those positions would be absorbed by Commerce.

A 14-week, or seven pay period, moratorium on payments into the state employee health plan would free up $23.7 million. Goossen said there is enough money in the health plan fund that suspending the payments would not affect current health benefits of state employees.

A number of tax cuts planned for FY 2010 would be suspended indefinitely.

via State Agencies Asked to Sacrifice to Make Up Budget Deficit .

 

* SARASOTA COUNTY – School Board members will be asked today to move forward with $31 million in budget cuts, some of which will have a dramatic impact on how students learn in Sarasota classrooms.

The proposals include eliminating 43 data and literacy coaches and cutting the high school block schedule — both core pieces of the district’s Next Generation strategic plan to help keep struggling students from falling behind.

via Sarasota schools look at painful choices today | HeraldTribune.com | Southwest Florida’s Information Leader.

 

* Los Angeles Unified school board members voted Tuesday to send layoff notices to about 2,300 teachers, although the district superintendent said the move might not lead to layoffs if more money can be found.

Beginning this week, about a third of the teachers who have been with the district for two years or less will receive notice that they could be laid off within two weeks.

via L.A. school board approves teacher layoffs – ContraCostaTimes.com.

 

* LODI – The Lodi Unified Board of Trustees made its first round of teacher layoffs Tuesday night and heard reports on how district office staff could be reduced mightily in the coming months to help bridge a $20 million budget shortfall and declining enrollment.

With a 7-0 vote, trustees opted to lay off six temporary elementary teacher positions and eliminate 120 percent contracts for high school instructors who work through their daily preparatory periods

via Recordnet.com: Lodi Unified makes first round of teacher layoffs.

 

* TUSCALOOSA | The Tuscaloosa County Schools notified 71 employees Tuesday that their jobs would be eliminated in two weeks, part of more than $8 million in budget reductions that will be implemented as quickly as possible.

via Board cuts 71 county school jobs | TuscaloosaNews.com | The Tuscaloosa News | Tuscaloosa, AL.

 

* About 180 longtime St. Paul city workers will be asked to retire voluntarily before the end of the month as Mayor Chris Coleman attempts to reduce costs.

Officials will roll out the plan this morning at a City Council Budget Committee meeting in City Hall.

The administration also will continue its hiring freeze, encourage workers to voluntarily reduce their hours or take unpaid leaves, reduce overtime and freeze the wages of nonunion workers, including Coleman.

via St. Paul / City will ask 180 workers to retire – TwinCities.com.

 

* Visalia, CA, USA (KFSN) — Tulare County Supervisors voted to lay off more than two hundred people, and close two clinics. It’s part of the board’s plan to bridge a two-point-four million dollar budget deficit.

Dozens showed up to Tuesdays Board of Supervisors meeting angry that the county couldn’t find another way to save money that didn’t include closing the two clinics. But supervisors hope a local hospital can still provide the same services.

via 225 Job Cuts, 2 Clinics Close in Tulare County – 1/13/09 – Fresno News – abc30.com.

 

 

- US and some Canada News -


 

* TRENTON, Maine (AP) — A luxury yacht maker that laid off 49 workers in October now says that 25 more employees at its production facility in Trenton are being let go.

via Maine yacht maker announces more layoffs – Fosters.

 

* Nacogdoches, TX (KTRE) – Pilgrim’s Pride has announced that 450 employees will be laid off from the Nacogdoches Plant.  Company spokesman Ray Atkinson tells KTRE’s East Texas News that the employees were notified last week.  Two-hundred-fifty of the positions are temporary, and roughly 100 have been there less than 90 days.  Many of those who will lose their job will be able to find employment in the Lufkin plant.  And, according to Atkinson, others will be given the opportunity to work at other plants around Texas.

via KTRE.com Lufkin and Nacogdoches |Pilgrim’s Pride layoffs in Nacogdoches.

 

* Bank of America Corp. will lay off 139 employees in Ballantyne, according to a filing with the N.C. Department of Commerce.

The jobs will be cut by March 10. Eligible employees will be offered severance.

via BofA cuts 139 jobs in Ballantyne – Charlotte Business Journal: .

 

Mike: An excellent discussion of the Pfizer layoffs can be found at the link below:

 

* Pfizer’s made an announcement about the dimensions of its research cuts – 5 to 8%, which means about 500 to 800 scientists this year. These are (for the most part, I presume) the “not in our current research areas” people from the company’s recent re-work of their therapeutic areas.

via More on Pfizer’s Layoffs. In the Pipeline: .

 

* CHEYENNE (WTE) –About 66 Cheyenne workers were laid off from Sierra Trading Post here Monday.

An additional 18 were laid off in Cody and Boise, Idaho, making for a total of about 10 percent of the company’s workforce.

via Wyoming Tribune Eagle Online : Sierra Trading Post announces layoffs.

 

* GE Transportation, which has hired nearly 2,000 people in the past five years, could be poised to let some of them go.

“Given the brutal economic environment, there is a high probability of layoffs,” company spokesman Stephan Koller said Monday.

Just last week, the company temporarily furloughed 35 people due to a lack of work.

via GoErie.com: GE warns of layoffs.

 

* Pfizer is cutting 556 sales reps in Italy and about 800 researchers across its R&D divisions worldwide. The moves were expected, as Pfizer braces for a round of cuts at the end of January as part of CEO Jeff Kindler’s plan to ax $2 billion from its cost structure. (Read BNET’s back-story on Pfizer’s layoff plans here.)

via Pfizer Layoffs: 556 Reps; 800 R&D Staff | BNET Pharma Blog | BNET.

 

* YADKINVILLE, N.C. — Around 20 employees at the Yadkinville Unifi plant will be losing their jobs due to a company shift restructuring, Unifi spokesman Ron Smith said.

via 20 Yadkinville Unifi Employees Laid Off – Winston-Salem News Story – WXII The Triad.

 

* GreenFiber LLC announced it is closing its Sacramento, Calif., insulation plant. The company, headquartered in Charlotte, N.C., will service customers in California from its facilities in Salt Lake City, Utah and Phoenix.

via Storage & Destruction Business Magazine :: News :: GreenFiber Closing Sacramento Plant.

 

* NEW YORK (MarketWatch) — Sunoco Inc. said Tuesday that it will close a polypropylene manufacturing facility in Bayport, Texas, by April 30. The Philadelphia-based petroleum-refining company said its three other polypropylene facilities will assume part of Bayport’s production.

via Sunoco to close Texas facility – MarketWatch .

 

* Anderson business Pre-Employ.com laid off about 10 employees Jan. 1 in positions that were found to be redundant after a business acquisition and internal reorganization, according to Pre-Employ.com C.E.O. Robert Mather.

via Pre-Employ.com lays off many after aquiring Redding business : Anderson : Anderson Valley Post.

 

* We’re hearing that some on- and off-air talent at KGO Radio are being let go.

They are, we’re told by an inside source: Anchor Gregg Jarrett, East Bay reporter Greg Edmonds, producer Harry Hall, internet producer David Rich; and Sue Ostrom, general manager Mickey Luckoff’s secretary of 41 years.

via The Bottom Line.

 

* In a meeting with employees yesterday, Old Salem said it will lay off workers and change the way it tells its story to tourists.

The museum will trim its staff from 120 to 95 full-time workers and from 103 to 79 part-time workers through voluntary retirements and layoffs, said Lee French, the president of Old Salem Inc.

via Old Salem plans layoffs to cut costs.

 

* SAN FRANCISCO (MarketWatch) — Server and storage technology company Rackable Systems Inc. said late Tuesday it has reduced its expectations for its financial results for 2008, helping send its shares nearly 10% lower in late trading.

via Rackable Systems cuts ’08 view, and employees – MarketWatch .

 

* TACOMA, Wash. —KeyBank’s call center in Tacoma is being closed, and bank officials say 200 workers face layoffs this year.

The Cleveland-based bank’s regional president, Tom Spilman, tells The News Tribune hr spoke with the affected employees Tuesday. Spillman says other call center jobs will be available to them in Cleveland or Buffalo, N.Y., and other kinds of jobs may be available in the Puget Sound area

via Local News | KeyBank national call center in Tacoma to close | Seattle Times Newspaper.

 

* After cutbacks this fall, an additional 13 employees of Midwest Grain Company in Pekin were laid off Tuesday. That’s according to their union president.

via More Layoffs at midwest Grain | WEEK News 25 | Local News .

 

* A major Sarnia engineering firm is laying off 10 per cent of its workforce.

Colt Engineering’s 330 member staff is being reduced by 30 to 40.

via Bayshore Broadcasting Corporation.

 

* MARSHALL, Minn. — The Schwan Food Co. is cutting more jobs, citing the need to stay competitive in the frozen food industry during challenging economic times.

The Marshall-based company announced it’s second group of layoffs in the last four months. The company cut 52 jobs.

via MyFox Twin Cities | Schwan Food Co. Announces 2nd Group of Layoffs.

 

* NEW YORK, Jan 13 (Reuters) – Oracle Corp. has trimmed its workforce, but not as much as some people had speculated, The Wall Street Journal reported on Tuesday.

Citing people familiar with the matter, the newspaper said the software giant cut around 500 positions in its North American sales and consulting businesses on Friday.

via Software giant Oracle cuts 500 jobs — Wall St Journal | Markets | Markets News | Reuters .

 

* Officials with the Cajundome announced a 20% deficit reduction plan, that unfortunately calls for the elimination of jobs.

Cajun Dome Director Gregory Davis, tells TV 10 a number of factors, including the national economy and the newly required sales tax is to blame for the one million dollar deficit in their five million dollar budget.

via KLFY TV 10 – Acadiana’s Local News, Weather and Sports Leader | Cajundome Announces Job Cuts.

 

* Topeka-based Security Benefit is cutting 120 jobs.

The move is part of part of several the company announced Tuesday in light of current market conditions. They’re also keeping associate salaries flat, reducing compensation for key officers and eliminating non-essential operating expenses.

via Security Benefit Cutting 120 Jobs .

 

* Announcements were made Tuesday January 13th that as many as sixteen employees will be getting pink slips. The cuts cross a wide array of services: eight directors of ministries, from hispanic ministries to religious education to social justice and others. In addition eight more part time workers on staff will be axed.

Father Robert Siler is a spokesman for the diocese. Siler says the church’s funds are way off: “We knew that our investment fund had suffered a loss over the last fiscal year and of course the economy has just gotten worse over the last six months,” he says.

via Job Cuts At Yakima Catholic Diocese | KIMA CBS 29 – News, Weather and Sports – Yakima, WA – Yakima, Washington 29 | News .

 

* In past economic downturns, many people have applied for jobs at hospitals because health care had been considered recession-proof.

But this downturn is not like others, and one Columbus hospital system has announced job cuts as the others tighten their belts.

Mount Carmel Health System announced today that it will eliminate 300 positions from its payroll. The cuts include an unspecified number of layoffs.

via The Columbus Dispatch : Mount Carmel announces 300 job cuts.

 

* Neiman Marcus Inc. is laying off about 375 employees this week across all divisions, including Neiman’s stores, Bergdorf Goodman and NM Direct.

The reduction in the luxury retailer’s 16,000 employees is the result of an efficiency review that started several months ago, said Ginger Reeder, a company spokeswoman.

via Neiman’s Trimming 375 Jobs – Business News – WWD.com.

 

* DUBUQUE, Iowa – Deere & Co. is announcing more layoffs at its Dubuque plant.

John Deere Dubuque Works says it will indefinitely layoff another 40 people as a result of economic conditions. The company announced the move on Tuesday and says the job cuts are effective Feb. 9.

via Deere & Co. announces layoffs at Dubuque site — chicagotribune.com.

 

* Florida Tile underwent a consolidation last month in response to the U.S. economic downturn, Zerbini said. Ten positions were cut from Lakeland’s operations, leaving about 60 employees. In total, 30 positions were cut companywide.

 

* VENICE – PGT Inc. laid off another 150 people in the face of the downturn in Florida’s home building industry.

The latest round leaves the Venice-based maker of hurricane-resistant windows and doors with a work force of 1,350, down 44 percent from its peak.

via PGT cuts 150 jobs at plants | HeraldTribune.com | Southwest Florida’s Information Leader.

 

more about “HeraldTribune.com | Southwest Florida…“, posted with vodpod
* One of Minot`s largest employers is starting to feel the hit of the national economy.

The financial services company ING will be cutting jobs throughout the nation, in light of the current economic situation.

750 people nationally will be let go, but just a fraction of that will come from the Minot office.

18 to 20 people in Minot will be let go.

Minot`s ING currently employs about 900 people.

via KFYR-TV North Dakota’s NBC News Leader.

 

* ING Group will lay off 750 employees in the U.S., including 96 in the Hartford area, as the Dutch financial services company

trims expenses in a recession that has taken a heavy toll on the stock market and property values.

via ING To Cut 96 Jobs In Hartford Area — Courant.com.

 

* Heil officials said Tuesday it will lay off about 100 people this week at its Fort Payne plant.

Officials said the layoffs are due to cities’ budget cuts and the postponement of some planned capital equipment purchases both nationally and globally. The decision comes as the refuse collection vehicle manufacturer looks to reduce costs.

via The Times-Journal.

 

* Another valley business says it’s going to have to lay off some of its employees due to the economy. Up to 90 employees at American Standard in Salem will be out of a job this coming Monday.

via American Standard Announces Layoffs – 33 News – We Believe in This Valley .

 

* SOLOMON — Cutting 16 jobs isn’t huge when the payroll exceeds 500, Katie Platten said, but it’s enormous if you’re one of the 16 cut Monday at Solomon Corp.

“It was a very hard day, one of those days where it’s not very fun to own a company. It is painful,” said Platten, who owns Solomon Corp. with her four brothers, Tom, Matt, Phil and Joe Hemmer.

via salina.com – an online service of the Salina Journal.

 

* WATERLOO, Iowa – Wheaton Franciscan Healthcare-Iowa plans to eliminate about 80 full-time, non-clinical positions over the next year

because of worsening national economic conditions.

via Wheaton Franciscan Healthcare t0 cut 80 jobs — chicagotribune.com.

 

* Sonus Networks, Inc. (SONS: News ) on Tuesday announced a restructuring initiative to further reduce its workforce by about 40 people,

or 4% of employees worldwide.

via RTTNews – Quick facts Articles, Positive EPS Surprises, News Analysis, Earnings, Audio News…. .

 

* Continental AG expects to cut about 10% of its North American workforce this year, as the supplier reduces its costs to meet lower production

volumes and continues to integrate the operations of automotive electronics maker Siemens VDO.

The North American arm of Continental — a German supplier that makes engine components, safety systems, tires and electronics —

is based in Auburn Hills.

via German supplier Continental to cut jobs | Freep.com | Detroit Free Press.

 

* Lowe’s Cos. Inc. will cut 31 jobs at the end of January, including 17 in Wilkesboro.

via Lowe’s to cut 31 jobs – The Business Journal of the Greater Triad Area: .

 

* (RTTNews) –  Tuesday, biopharmaceutical company GeoPharma Inc. (GORX: News ) said it plans to consolidate distribution operations,

reduce head count and lower SG&A, as a part of its strategic restructuring plan to improve financial performance.

via RTTNews – Breaking News, financial breaking News, Positive EPS Surprises, Stock research …. .

 

* Fenner Plc (FENR.L) said on Wednesday it would cut 290 jobs to reduce costs in some markets experiencing weaker demand, and reported satisfactory first-quarter trading that was ahead of last year.

via UPDATE 1-Fenner says to cut 290 jobs, Q1 trading satisfactory | Industries | Industrials, Materials & Utilities | Reuters .

 

* SACRAMENTO, Calif.—J.C. Penney says it will close its call center in the Sacramento suburb of Carmichael, eliminating 260 jobs.

via J.C. Penney to close Sacramento-area call center – San Jose Mercury News.

 

* DECATUR – Everything goes, including Tommy, the resident cat.

Ryan Equipment and Supply, selling and renting equipment and supplies for the food industry and janitorial industry for 39 years, is closing Friday, Jan. 16.

There’s a ground floor showroom and three floors of items, 32,000 is Wally Ryan’s guess, in the huge building at 805 N. Morgan St. “It’s the only business of its kind in Decatur,” Ryan explains.

via Herald & Review Archives | Life: After 39 years, Ryan Equipment prepares to close up shop.

 

* SAN FRANCISCO (AP) — Retailer Gottschalks Inc. says it put itself up for sale and has filed to reorganize in a Chapter 11 bankruptcy.

The regional department store chain has negotiated a $125 million debtor-in-possession financing from a group of lenders led by GE Capital, it

said in a statement Wednesday. The financing, if approved in bankruptcy court, will fund its employee wages and benefits, some vendor payments

and other operating expenses while it reorganizes.

via Gottschalks files for Chapter 11 protection – Yahoo! Finance.

 

* January 14, 2009 09:09 AM – More than 800 members of the Canadian Auto Workers union will lose their jobs as part of a new collective agreement reached with Air Canada.

via Canada’s air carrier slashes 800 jobs – The Mississauga News – Mississauga.com .

 

* A union leader said Tuesday that Mercy Health Partners officials reneged on a 2008 pledge to keep layoffs to a minimum when they announced plans earlier this week to cut 31 nursing jobs.

via More staff cuts expected at Muskegon’s Mercy Hospital – MLive.com.

 

* Hill-Rom Co. said Wednesday it will combine some operations and cut 450 jobs in response to softening demand for its products.

The medical products company said it posted revenue of $350 million, up 2.6 percent, for its fiscal first quarter. It will report complete first-quarter results Feb. 5.

via Hill-Rom to consolidate, cut jobs – Business Courier of Cincinnati: .

 

* Lakeside Steel Inc. (TSX-V:LS) says it is laying off up to 61 hourly employees at its manufacturing site in Welland, Ont.

The company, which also laid off 40 employees in December, says the move is being made to contain costs in declining markets.

via Lakeside Steel Inc. in Welland announces more layoffs – The Sault Star – Ontario, CA .

 

* WHEELING — The recession has hit the local newspaper business.

Workers confirm they were called into the office at the Ogden downtown location on Tuesday and notified by newspaper management their jobs were eliminated.

via – Layoffs at Ogden Newspaper

 

* Newell Rubbermaid Inc. plans to cut 75 jobs from its manufacturing facility in the south-central Kansas town of Winfield as it copes with the global economic downturn.

Employees learned of the layoffs Monday, and the Atlanta-based company announced them publicly Tuesday.

via Kansas Rubbermaid plant announces 75 job cuts – Forbes.com.

 

* About 150 people are no longer working for Nabors Drilling USA in Williston as falling oil prices have produced layoffs that are likely to expand.

“There will be more layoffs,” said Scott Reid, Nabors’ district manager.

via Williston Herald – Online Edition.

 

* POINT TUPPER — Upwards of 40 workers could be laid off as one of the two paper machines at the NewPage mill in Point Tupper shuts down for a week, a union official says. Ronnie Beaton, president of the Communications, Energy and Paperworkers Local 972, said that word came from a meeting between the union and NewPage Port Hawkesbury management Tuesday morning. A more precise number of those who will be laid off during the shutdown won’t be known until later in the week, however.

via The Nova Scotia Business Journal: Daily Business Buzz | Point Tupper mill shutdown could bring 40+ layoffs.

 

* CASPER, Wyo. (AP) – Casper Star-Tribune Communications has announced that it’s laying off 15 employees to cut costs in response to the economic downturn.

via LocalNews8.com Idaho Falls, Pocatello – Weather, News, Sports – Casper Star-Tribune lays off 15.

 

* Gannett Inc., struggling with falling advertising revenue at its newspapers, is making almost all employees, from part-time and hourly workers all the way up to Chief Executive Officer Craig Dubow take one week of unpaid leave this quarter.

via Gannett orders companywide furloughs – Washington Business Journal: .

 

* Seagate (STX), which earlier this week pushed out CEO Bill Watkins and announced a 10% cut in its U.S. workforce, this morning disclosed that it will cut its global staff by 2,950 people, or about 6% of its total headcount. The announcement includes the previously announced U.S. job cuts.

via Tech Trader Daily – Barron’s Online : Seagate Cutting 2,950 Jobs; Reducing Exec Salaries.

 

* Lakeside Steel Inc. is laying off up to 61 hourly employees in Welland.

The company, says the move is to contain costs in declining markets.

The layoff represents about 19% of its unionized workforce at the Welland site.

via Layoffs at Lakeside Steel | 610 CKTB.

 

* NEW YORK — Employees have been laid off at two newly formed divisions of Random House Inc.

The Crown Publishing Group, where authors include President-elect Barack Obama, and the Knopf Doubleday Group, which publishes Toni Morrison and Anne Rice among others, separately announced a wave of promotions and personnel changes on Wednesday, and confirmed that some employees had been cut.

 

* Adhesives Research of Springfield Township said it is permanently laying off 45 workers from its main facility near Glen Rock in the first layoff of any kind for the company in more than 30 years.

Prior to the cuts, the company employed about 415 people at the Glen Rock facility and about 515 globally. The permanent layoffs are effective today and the economy is to blame, Adhesives Research said.

via Adhesives Research cutting 45 jobs – The York Daily Record.

 

* Reebok International Ltd. laid off approximately 300 employees in North America and Latin America today, including 100 at its Canton headquarters and 12 at its Mattapoisett headwear facility.

via Reebok slashes 300 jobs – BostonHerald.com.

 

* WASHINGTON — Departing administrator Michael Griffin warned Tuesday that NASA would have to lay off an unspecified number of contractors if Congress freezes the agency’s spending at current levels.

via Griffin warns of NASA layoffs if Congress freezes spending | Houston & Texas News | Chron.com – Houston Chronicle.

 

* ROGUE RIVER, Ore. (AP) — A plywood plant in Rogue River has closed, putting 125 employees out of work.

Panel Products, which is Rogue River’s largest employer, says it is closing the plant because demand for plywood is down.

via Rogue River plywood plant closes – NewsFlash – OregonLive.com.

 

* Sleep Innovations Inc. will permanently close its Elkhart plant, resulting in the layoffs of 104 workers, according to a Jan. 12 letter sent by the company to the Indiana Department of Workforce Development.

via Sleep Innovations will close Elkhart plant.

 

* Lee Z. Davis, Owner & Proprietor of The Zipper Factory, announced today the sudden closing of both the theater and the tavern effective immediately.

 

* Crystal Cabinet Works laid off an estimated 100 plus employees Wednesday last week.

The factory, which has been in Princeton since 1975, had a workforce of 560 before the layoff.

via Mille Lacs County Times – Crystal Cabinet lays off 100.

 

* More layoffs are rippling through Seattle’s tech community. The latest is Varolii. The Seattle-based software company laid off 8 percent of its staff yesterday.

Spokeswoman Robin Rees said many of the laid-off employees were in finance and administration, an area where Varolii had beefed up after it filed for an initial public offering in Sept. 2007. Varolii withdrew its IPO registration last June.

via Varolii cuts 8 percent staff – TechFlash: Seattle’s Technology News Source.

 

* SANTA CRUZ – Plantronics will lay off 18 percent of its worldwide work force, cut management salaries and reduce other operating expenses, company officials announced today.

Company officials did not release details about the timing or location of the layoffs.

Company officials said revenue and earnings per share for the third quarter of fiscal 2009 will be lower than originally expected. They had projected net revenues of $205 million to $220 million but now are expecting revenues to be $184 million for the third quarter. Final third-quarter earnings will be announced Jan. 27.

via Plantronics to layoff 18 percent of global work force – San Jose Mercury News.

 

* Rumors have been flying lately and the tip emails won’t stop – now Motorola’s plans to undergo a significant workforce reduction have been confirmed by the Chicago Tribune. When all is said and done this year, Motorola will have laid off approximately 4,000 workers across all divisions. The hardest hit area of the company, as we’re sure you could have guessed, will be the mobile phone division.

via Motorola confirms rumors of layoffs, 4,000 to be affected in 2009 : Boy Genius Report.

 

* Jan. 14 (Bloomberg) — Motorola Inc., the second-biggest U.S. seller of mobile phones, is cutting 4,000 more jobs as the economic slump erodes consumer spending.

About three-fourths of the cuts will come from its mobile devices unit, Schaumburg, Illinois-based Motorola said today in a statement. The reduction follows 3,000 cuts disclosed in October as the declining phone business leached profitability.

via Bloomberg.com: Worldwide.

 

* Smart Modular, the Fremont maker of storage chips, said it is planning to cut an other 5 percent to 7 percent of its employees, on top of the 19 percent it reported laying off in September.

via Smart Modular announces new round of layoffs | SiliconBeat.

 

* Ecolab Inc., which provides cleaning and pest-control services, said Wednesday it will cut 4 percent of its work force in a restructuring move, but backed its prior 2008 profit outlook.

The company expects to cut 1,000 positions, or 4 percent of staff, while taking other cost cutting measures. It expects a charge during the fourth quarter of about $19 million and between $65 million and $75 million in 2009. But the company expects the move to eventually save it between $70 million and $80 million annually.

via Ecolab cutting 1,000 jobs in restructuring – Forbes.com.

 

* Jan. 14 (Bloomberg) — General Electric Co., the world’s biggest jet-engine maker, plans to eliminate more than 1,000 salaried jobs at its GE Aviation division as orders slow and it integrates the acquisition of Smiths Group Plc’s aerospace unit.

 

 

- International News -

 

 

* LONDON (AFP) — British banking giant Barclays is to cut over 2,000 jobs in its retail and commercial businesses, it said Wednesday, a day after announcing a similar number of job losses in its investment divisions.

 

* Merrill Lynch and Bank of America, its new owner, are planning to slash nearly 1,900 jobs in London, a move which would represent one of largest single layoffs in the history of the City, according to a report in The Times, London.

via BofA and Merrill eye 1,900 layoffs at City operations.

 

* Train company DSB announces administrative layoffs

National train company DSB has announced that it will layoff 200 administrative employees as part of cost cutting measures.

via Train layoffs.

 

* The ConMet plant in Canton announced today it could be laying off as many as 80 workers. Employees say they were told of the coming layoffs in a meeting, but they still don’t know exactly how many there will be, or who they will affect.

via ABC 13 – Top Stories.

 

* Jiangsu-based photovoltaic cell and module manufacturer Suntech Power Holdings (NYSE:STP) CEO and chairman Dr. Zhengrong Shi said on Monday night that the company has cut 800 employees, about 10% of its staff, reports China Business News in a follow-up to rumors that the company was laying off 4,000 employees between October and January.

via JLM Pacific Epoch – Suntech Sets Rumor Straight: 800, Not 4,000, Layoffs.

 

* Teesside chemical plant Invista Textiles is to close with the loss of 300 jobs.

Teesside chemical plant Invista Textiles is to close with the loss of 300 jobs.

via Invista Textiles to close chemical plant with loss of 300 jobs – JournalLive.

 

* The Department of Labor has ordered the revocation of the work permits of 155 alien workers at Uno Moda Corp. effective Jan. 31, 2009, the date of the garment factory’s shutdown.

via Saipan Tribune.

 

* Published Date: 13 January 2009

The UK’s last major TV manufacturer is closing its Suffolk base with the loss of 60 jobs.

Sanyo UK plans to stop work at its factory in School Road, Lowestoft, by the end of February.

via Job losses as TV manufacturer closes site – Fenland Today .

 

* LIMA, Peru (AP) — A Peruvian labor federation says 5,460 mining and steel workers have lost their jobs since the start of November as sinking global mineral prices hammer the mining sector and stall new investments.

via The Associated Press: Peru sheds 5,460 mining, steel jobs.

 

* News that 250 jobs will be lost from mining closures in the Mt Isa region will take the gloss off the good monsoon season, a local councillor has said.

via Mining job cuts to shake Mt Isa – Business – BrisbaneTimes.

 

* DUBAI: An average of 1,500 work permits and visas are being canceled in Dubai each day as companies lay off employees in the wake of the global financial crisis.

via Dubai cancels 1,500 work permits daily.

 

* WA-based Argyle Diamonds, the world’s largest supplier of diamonds, is believed to be laying off more than 100 staff as it becomes the latest victim of its owner’s cost-cutting.

via Rio sacks more than 100 at Argyle.

 

* LONDON, Jan 14 (Reuters) – British luxury car manufacturer Jaguar Land Rover announced 450 job losses on Wednesday due to a “severe” reduction in demand for new cars.

The Coventry, West Midlands-based company, part of India’s Tata Motors (TAMO.BO) said it was proposing to shed about 300 management roles and a further 150 salaried agency staff.

via UPDATE 1-Jaguar Land Rover to cut 450 jobs | Industries | Consumer Goods & Retail | Reuters .

 

* Dutch bank Van Lanschot (VLAN.AS) will cut salaries of its employees by up to 10 percent and lay off a few dozen people to reduce costs and cope with the economic slowdown, the company said on Wednesday.

via Dutch bank Van Lanschot cuts salaries, jobs | Industries | Financial Services & Real Estate | Reuters .

 

* Tens of thousands of public sector jobs will be lost across Britain this year as councils struggle to cope with the impact of the recession.

Forty councils approached by The Times yesterday were planning a total of 7,000 redundancies, and unions fear that few of the 442 local authorities across England, Scotland and Wales will escape the cutbacks. Although most of the job losses will be among backroom staff, there is concern that services will be affected.

via Councils start to shed jobs in their thousands – Times Online .

 

* DUBLIN BUS plans to reduce its fleet by more than 100 buses and cut at least 250 jobs as part of a radical restructuring plan aimed at countering a significant reduction in passenger numbers.

via Dublin Bus to cut jobs and services in radical plan – The Irish Times – Wed, Jan 14, 2009

 

* Civils sector no longer immune to credit crunch as consultant prepares to shed up to 8% of UK workforce

Engineering giant Arup is preparing to cut up to 400 staff in the UK, the latest sign that the recession has taken hold in the civil engineering sector.

via Arup to cut up to 400 UK jobs – Building.

 

* Sweden’s second biggest hospital plans to cut 900 jobs, or 6 percent of its work force, in an effort to cut costs by 450 million kronor ($55 million) a year, officials said Wednesday.

 

 

- Hiring News -

 

 

* At a time when jobs are scarce, there is at least one employer who is recruiting: the federal government.

The local office of the 2010 Census is looking to fill some 1,300 temporary positions in the next few months to help count the residents of San Diego County. The government especially is looking for bilingual applicants for jobs that range from office administrators and recruiters to workers who actually go house to house.

via Somebody is hiring: Census Bureau looks to fill 1,300 jobs.

 

* You may be wanted by the FBI and not even know it. Even though unemployment continues to rise in the United States, the FBI is offering thousands of new positions.

The FBI calls it a hiring frenzy, and hopes to add nearly 3,000 new employees in 2009. Special Agent in Charge Keith Slotter says hiring during a recession has its advantages.

via 760 KFMB, San Diego Talk Radio-The FBI Wants To Hire 3,000 New Employees.

 

* The long-awaited return promises to bring a couple hundred jobs at a crucial time for the local economy. House of Blues is holding a job fair from 9 a.m. to 7 p.m. today and on Wednesday at Fenway Park’s Absolut Clubhouse, around the corner on Brookline Avenue.

Robert Simeone, a senior vice president of operations with Live Nation Inc.’s House of Blues chain, said the company has already filled about 20 management positions and is looking to fill another 200 nonmanagement positions, such as food servers, door hosts, retail workers and bartenders

via House of Blues looks to hire 200-plus people in Boston – Framingham, MA – The MetroWest Daily News.

 

Mike: The perfect job follows, but unfortunately it had so many applicants that the site crashed. Maybe it will be back up and running tomorrow:

 

* The job, which was announced on Monday by the Queensland tourist board, will involve looking after Hamilton Island.

The idyllic island, just off mainland Australia, has year-round sunshine, sandy beaches, warm lagoons and sea life galore.

People enticed by the almost £6,000-a-month “best job in the world” flocked to Islandreefjob.com – only for the site to crash.

via Perfect Job: Site Offering Caretaker Job On Hamilton Island, Queensland, Down After Being Overloaded | World News | Sky News.

 

 

 

Mike: The layoff announcements picked up steam later this day and culminated with the layoff of 4000 Motorola. I’ll post any significant news this evening, but hopefully all is relatively quiet and tomorrow brings a little relief. On that note I leave you with a couple laughs……………..

 

 

more about “The Word – Sweet Smell of Success | J…“, posted with vodpod

 

 

 

Tom Toles - Jan 14

Tom Toles - Jan 14

 

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