Posts Tagged 'workforce reduction'



March 27 – IBM jobs cut fallout continues – GM hiring, but wages cut in half – Johnson Controls to cut jobs, close 10 plants – Disney To Eliminate 800 Jobs – Wal-Mart axes 650 in Columbus, OH – Tyson chops 580 OK jobs – Amazon shuts centers, 210 affected – Merck readies job axe

Mike: Good day. It was a busy day for layoff announcements, especially for a Friday. 
A couple of economic reports showed the state of the consumer Consumer Sentiment and  Personal Income and Outlays , both of which showed some improvement
Mike: There are a great deal of daily layoffs, so if I have missed any that you would like posted, send me a note at Mike@layofflist.org, or leave a note in the comments area. Thanks….

Also, I still plan to move this site to http://www.layofflist.org/ , so drop by, take a look and send along any suggestions that will improve your experince on this site. Thanks again. Enjoy your weekend……………..
 -
* Larger layoff announcements and important economic reports:
US/Canada

International:
               

 

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

 

Mike: If you’re interested in following the IBM layoff saga along with employee comments and updates, visit http://www.endicottalliance.org/ .

ibm17* Copy of letter regarding outsourcing, from Senior DPE – Hartford Insurance Account

“Starting next week several Hartford delivery teams will be working directly with fellow IBM team members from India to begin the second phase of our Global delivery solution planned for the Hartford account. The teams will be engaged in a multi-week effort to facilitate knowledge transfer to prepare for migration of specific work activities to global delivery counterparts later in 2009. Your continued support and leadership is critical to ensure our overall success and to ensure we continue to deliver high quality cost effective solutions that IBM committed to the Hartford. Please ensure you and your teams actively support this effort.”

via Alliance@IBM CWA Local 1701.

 

ibm18* International Business Machines Corp. came under fire from labor organizers Thursday on reported plans that it will cut 5,000 jobs and send work to India while seeking federal stimulus funds.

via Labor slams IBM for job cuts while seeking stimulus - San Francisco Business Times: .

 

ibm20* At least 334 employees in Research Triangle Park were affected by IBM’s layoffs this week, according to documents filed with the state.

 

google4* Update: Google Inc. is planning to cut scores of jobs after saying it hired too many people into overlapping jobs.

“When companies grow that quickly it’s almost impossible to get everything right—and we certainly didn’t,” said Omid Kordestani, Google (Nasdaq:GOOG) senior VP for global sales and business development in a blog posting on Thursday. “In some areas we’ve created overlapping organizations which not only duplicate effort but also complicate the decision-making process.”

via Google to cut scores of jobs – Dayton Business Journal: .

 

apple14* Staffers at Apple’s (AAPL) flagship Fifth Avenue store in New York City confirm that as of Thursday at 8 a.m., customers are now permitted to buy unlimited quantities of iPhones without an AT&T contract — the very thing the company was working so hard to prevent in late 2007 when the devices were being snapped up in large quantities to be unlocked and re-sold in overseas markets.

 

- General Economic News -

 

* WASHINGTON (AP) — The government says consumers increased spending for a second straight month in February even though their incomes slipped due to continuing massive layoffs.

The Commerce Department reported Friday that consumer spending edged up 0.2 percent in February, in line with expectations. That follows a huge 1 percent jump in January that was even better than the 0.6 percent rise originally reported.

But the report says incomes fell by 0.2 percent in February, the fourth drop in the past five months, declines that reflected the sizable number of job layoffs that have been occurring because of the recession.

via Consumer spending up for second straight month – Yahoo! Finance.

* The Reuters/University of Michigan Surveys of Consumers said its final index of sentiment rose to 57.3 in March from 56.3 in February. This was a touch above economists’ median expectation of a 56.6 reading, according to a Reuters poll.

via U.S. consumers’ mood improves slightly in March – Yahoo! Finance.

 

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* The 7,631 United Auto Workers who accepted early retirement and buyout offers this week from General Motors Corp. — more than 53 percent of whom work in Michigan — will make room for laid off workers to reclaim their jobs.

More importantly for GM, the departures give the automaker room eventually to hire new workers at half the hourly wage, a key to helping the company slash costs and comply with a $13.4 billion federal loan package. The loans require GM and Chrysler LLC to bring wages in line with those paid by foreign automakers at plants in the United States.

via Buyouts at GM open door for hiring at lower wages | detnews.com | The Detroit News.

 

Mike: As I’ve said on numerous occasions, the current reported unemployment rate is less than actual unemployment, which could add another 5-8% to the total.

* Michigan’s jobless rate climbed to 12 percent, the highest in the country. South Carolina registered the second-highest at 11 percent and Oregon came in third at 10.8 percent.

North Carolina came in fourth with an unemployment rate of 10.7 percent, the highest there on records dating back to 1976. California and Rhode Island tied for fifth place at 10.5 percent each. That was an all-time high for Rhode Island. The seventh state with a jobless rate above 10 percent was Nevada at 10.1 percent.

via Seven states see jobless rate top 10 percent – Yahoo! Finance.

 

- Government Layoff News -

 

Mike: Wow, a state where government officials are taking an active role in sacrificing for the good of the citizens they represent! You don’t see that very often. I know NY legislators wouldn’t be thinking in terms of a salary reduction, since they wouldjust raise taxes or fees to cvover any budget shortfall.

 

* LANSING, Mich. (AP) — Lawmakers, the governor and other state elected officials would take a 10 percent pay cut starting in 2011 under a measure that won approval Thursday in the Michigan Senate.

 

* Lake Zurich Unit District 95 approved the dismissal of 91 staff members including tenured and nontenured teachers, administrators and other employees on Thursday night.

via Daily Herald | Lake Zurich District 95 to cut 91 jobs.

 

* Anne Arundel County Executive John R. Leopold plans to save nearly $6 million a year by scrapping more than 100 vacant government positions.

via Arundel’s Leopold proposes slashing 100 vacant jobs – Baltimore Business Journal: .

 

* The school board cut 222 jobs as part of a $14 million package of cuts and tabled a proposal to study the feasibility of a parcel tax a little before midnight Wednesday.

via PVUSD cuts 222 jobs amid news of potential additional losses in state funding – San Jose Mercury News.

 

 

Mike Luckovich - Mar 26

Mike Luckovich - Mar 26

 

* Charlotte-Mecklenburg Schools is cutting its workforce by 106 positions.

 

- US and some Canada Layoff News -

 

johnson-controls* MILWAUKEE (AP) — Johnson Controls says it will cut jobs and close 10 plants as part of a restructuring effort that will cost between $200 million and $215 million.

The Milwaukee-based maker of auto parts and building systems did not say how many employees will be affected or which plants will close. It says it will take the charge in its fiscal second quarter ending this month. The company expects to finish the restructuring in 2010.

via The Associated Press: Johnson Controls to cut jobs, close 10 plants.

 

johnson-controls1* Auto-parts supplier Johnson Controls (JCI Quote – Cramer on JCI – Stock Picks) plans to cut jobs, close 10 manufacturing plants, and record an estimated second-quarter pretax restructuring charge of $200 million to $215 million as it battles a slump in vehicle production.

Market Activity The number of job cuts wasn’t specified.

via Johnson Controls to Close Plants, Cut Jobs | Industrials | Financial Articles & Investing News | TheStreet.com.

 

wal-mart* Wal-Mart delivered good news to two of its optical labs Friday, but it comes at the expense of the retailer’s Lockbourne operation, which will be shuttered, laying off 650 employees.

 

tyson* Tyson Foods Inc. said Friday it will close a meat processing plant in Ponca City, Okla., meaning the possible elimination of 580 jobs.

via Tyson to shut Okla. plant, affects 580 jobs – Forbes.com.

 

amazon* The Seattle retail online biggie Amazon. com Inc. will soon be closing its three US distribution centers – in Munster, Indiana; Red Rock, Nevada; and Chambersburg, Pennsylvania.

The company’s decision to close down the distribution centers, the first time since 2006 that Amazon has decided to close a warehouse, implies that nearly 210 employees will either be laid-off or transferred to other nearby units.

via Amazon.com to close three US distribution centers | TopNews United States.

 

fairchild-semiconductor* San Jose, Calif.-based Fairchild Semiconductor (nyse: FCS – news – people ) says it’s closing the factory in Mountain Top, Luzerne County, about 90 miles north-northwest of Philadelphia. But Fairchild says it will maintain a small office in the area for technology and product line functions.

via Fairchild Semiconductor to close Pa. factory – Forbes.com.

 

hospital5* SOUTH LAKE TAHOE, Calif.—The health care company that owns Barton Memorial Hospital at Lake Tahoe and clinics in Carson City and the Carson Valley says it is being forced to eliminate 43 jobs.

 

hospital4* Roughly 86 more employees are planned to be cut from the Regional Medical Center at Memphis.

via The Med to layoff 86 more, total of 230 positions lost – Memphis Business Journal: .

 

pill4* And with Merck and Schering-Plough destined to merge later this year, the job cuts are due to step up a notch. If the current round is part of the previously announced restructuring plan, they’re just a warm-up for an expected 16,000 or so additional cuts.

 

* More than 140 employees of the University of Florida would lose their jobs under worst-case budget plans being prepared by various UF colleges.

via A worst-case budget for UF cuts 140 jobs | Gainesville.com | The Gainesville Sun | Gainesville, FL.

 

cooper-standard* Cooper-Standard Automotive Inc. is cutting about 600 global salaried employees as it reorganizes into a regionally-focused corporate structure, the supplier said today. About 130 of the cuts are in southeast Michigan.

 

* Another 156 workers at Longview-area Trinity Rail Car plants were notified Thursday that they soon will be out of work.

Representatives of Trinity Tank Car’s Longview operations told their employees of the company’s plans to idle two local manufacturing facilities. Trinity Tank Car is a division of Dallas-based Trinity Industries.

via Plants cut 156 more employees.

 

*STAUNTON — The Big Brothers-Big Sisters of Central Blue Ridge will cut two full-time positions, reducing its staff to two part-time positions as of Wednesday.

via Big Brothers-Big Sisters cut staff | newsleader.com | The News Leader.

 

* Atlantic Video Inc. has swung the ax for more than half its staff.

The D.C.-based media production company laid off 34 of its 63 staff members earlier this week. Getting pink slips were people in accounting, post production, human resources and other administrative positions. The 29 who remain mainly work on the company’s two main contracts, ESPN’s “Pardon the Interruption” and “Around the Horn.”

via Atlantic Video makes deep staff cuts – Washington Business Journal: .

 

* Industrial manufacturer Myers Industries Inc (MYE.N) said it would close its manufacturing facility in Fostoria, Ohio in the second quarter, affecting about 50 jobs.

via UPDATE 1-Myers Industries to close Ohio plant; cut 50 jobs | Markets | Markets News | Reuters .

 

summer-infant* Friday, personal products distributor Summer Infant, Inc. (SUMR: News ) said it has implemented certain debt reduction and cost-cutting measures, including reduction of about 10% of its workforce.

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

 

* STATEN ISLAND, N.Y. — Citing an impending 34 percent cut in its operating funds, the Staten Island Museum has “consolidated” some jobs, laying off two veteran staffers. A third retired and a fourth will follow suit in June.

via Staten Island Museum, with budget cut, lays off 2 – SILive.com.

 

dianey1* ORLANDO, Fla. — Nearly 800 jobs are being eliminated at Walt Disney World, sources told WKMG-TV.

The layoffs have been ongoing for weeks, and more workers were laid off on Thursday, WKMG reported. The cuts have mostly targeted salaried workers.

via Sources: Disney To Eliminate 800 Jobs – Jacksonville News Story – WJXT Jacksonville.

 

* Liberty Aerospace Inc. laid off 14 people this week as the weak economy continues to take its toll.

The Melbourne-based aviation manufacturer laid off 30 workers in January.

via Liberty Aerospace lays off 14 workers | floridatoday.com | FLORIDA TODAY.

 

* Eighteen laid-off employees were working their last day Friday at Topeka Metal Specialties, bringing to 46 the number of workers let go there this year, said human resources director Chris Cross.

 

* Verona plastics company Engineering Industries Inc. laid off nearly 40 workers on Wednesday because of what company leaders called a “dramatic and unexpected drop” in customer orders.

via WISCONSIN STATE JOURNAL.

 

* WELLSBURG – A Wellsburg paper plant could lay off up to 30 workers early next month in a move a union official blamed on a declining economy.

via Paper Plant To Lay Off 30 – News, Sports, Jobs – The Intelligencer / Wheeling News-Register.

 

northern-az-u1* Northern Arizona University will cut 45 jobs and close four satellite campuses as a result of cuts in state funding.

via NAU to lay off 45, shutter 4 campuses.

 

gavel27* Edwards Angell Palmer & Dodge LLP this week cut 25 lawyers and 35 non-legal staff, citing unprecedented economic challenges, the law firm confirmed Friday. The firm also said it was deferring the start dates of first-year associates from September to March 2010.

 

* According to notices filed with the state’s Department of Workforce Development this week, 174 employees at the company’s Lima Road division will be laid off sometime in June, along with 52 workers at its machining division at the same time.

via F.W. Foundry files notice for 226 layoffs | The News-Sentinel – Fort Wayne IN.

 

* Key Technology, Inc. announced today it is taking a variety of cost reduction initiatives during fiscal 2009 to maintain profitability for the fiscal year. These cost reduction initiatives include a planned reduction of approximately 7% in its global workforce.

via Key Technology Announces Cost Reductions to Address Current Economic Conditions – MarketWatch .

 

* Bob Silva of Bob Silva Ford in Chowchilla said 22 people were let go Wednesday. Silva says banks continue to tighten lending and consumers are afraid to make big-ticket purchases.

via Silva Ford Workforce Cut in Half | KSEE 24 NEWS Central Valley’s News Station: Fresno-Visalia | Local News .

 

insite-vision* Insite Vision Inc. (ISV: News ) announced a restructuring to support its focus on identifying and developing ophthalmological products for unmet eye-care needs. The company’s restructuring resulted in the elimination of 15 positions or 52% of its employees.

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 …. .

 

rockwell-automation* Rockwell Automation Co., the Milwaukee industrial manufacturer, said it began laying off employees at two Northeast Ohio facilities and at plants worldwide “in response to declining economic conditions,” according to a spokesman

 

pill5* Evotec says that 50 positions out of 420 will get eliminated from the entire organization in the U.S., U.K., and Germany.

via News: Evotec Cuts Workforce with New Focus on Forging Discovery Partnership. .

 

hospital6* All told, 15 jobs were lost, including two in Massachusetts, a company spokeswoman said.

via Cambridge Heart cuts 15 jobs to reduce costs – Daily Business Update – The Boston Globe.

 

* The Minnesota Orchestral Association will make budget cuts that mirror those made in recent days and weeks by other Twin Cities arts institutions, but appear less severe than recent reductions at other major U.S. symphony orchestras.

via Minnesota Orchestra to cut budget, staff, salaries.

 

* Shiloh Industries Inc. has temporarily laid off 83 workers and cut 4 jobs, according to a notice filed with the Ohio Department of Jobs and Family Services.

via Shiloh Industries lays off 83 workers, cuts 4 jobs in Valley City – Business – cleveland.com.

 

trw* TRW spokesman John Wilkerson said about 25 people have been laid off

via Mesa’s TRW cuts jobs, shortens work week.

 

ic-corp1* IC Corp. has laid off about 170 workers at its school bus manufacturing plant in Conway, a spokesman for parent company, Navistar International Corp., said Thursday.

via NWAnews.com :: Northwest Arkansas’ News Source.

 

lionsgate* For the second time in six months Lionsgate has eliminated 8% of its staff.

Sources confirmed that 45 jobs were lost Friday. In November, the studio shed 41 positions.

via More layoffs at Lionsgate.

 

* The recession and mortgage meltdown have forced Antioch to lay off 20 more employees to reduce a budget deficit that threatens its fiscal reserves, City Manager Jim Jakel said Friday.

via Antioch lays off 20 more employees – San Jose Mercury News.

 

gavel28* A spokeswoman for Gibson, Dunn & Crutcher confirmed that the firm has laid off 36 staff members across its nine U.S. offices.

via The BLT: The Blog of Legal Times : Gibson, Dunn & Crutcher Cuts 36 Staff.

 

* In addition to salary reductions, Burton laid off less than 5% of its staff in North America, bringing the company’s total headcount in North America to 663. After staff reductions, Burton currently employs 418 employees at its headquarters and factory in Vermont, 17 employees at DNA Distribution in Ohio and 154 employees at its California offices. Globally, Burton employs 962 people.

via Burton cuts salaries and staff – ESPN.

 

daido-metal* A Japanese manufacturer plans to close its Bellefontaine factory in July, eliminating 290 jobs.

Daido Metal Bellefontaine LLC said in a filing this week with the Ohio Department of Job and Family Services that its plant on Greenwood Street in the northwest Ohio city will shut July 1.

via Daido Metal closing Bellefontaine plant, cutting 290: bizjournals.com Business News – MSN Money.

 

* TERRE HAUTE — Aleris Blanking and Rim Products plant at 500 S. Ninth St. is closing permanently, eliminating 50 jobs.

 

 

- International Layoff News -

 

 

flextronics* MORE than 140 staff at Flextronics are facing redundancy this Friday after a review of the firm’s operation in Raheen concludes.

 

pacific-brands1* Pacific Brands announced yesterday it would end manufacturing at two of its plants, resulting in 38 job losses in Christchurch and 51 in Palmerston North.

via 3 News > National > Story > More redundancies announced in textile industry .

 

* Pursuit Dynamics Plc (PUDY.L), a UK-based maker of PDX fluid processing reactors, said on Friday it would stop work at its Brooklands PDX plant on June 30 and cut a number of jobs to cut operating costs.

via UPDATE 1-Pursuit Dynamics to stop Brooklands plant, cut jobs | Deals | Mergers & Acquisitions | Reuters .

 

patria* Finnish state-owned arms maker Patria said in a statement Thursday it would cut 43 jobs and lay off a further 31 workers until further notice.

via NewsRoom Finland.

 

* FORTY more jobs are being lost at a Wrexham factory.

Breakfast cereal Kellogg’s are to cut the posts at its factory on Wrexham Industrial Estate.

via Forty jobs lost at Wrexham Kellogg’s factory – Daily Post North Wales.

 

* In the interest of a more efficient management strategy, the company is carrying out a staff reduction of around 6%.

via portfolio | Hungary’s Zwack to cut staff .

 

* Sagicor Financial Group today sent home more than 40 workers as part of what the company says is a comprehensive organisational restructuring.

via Go Jamaica :: Sagicor staff cuts :: News .

 

wind6* Clean energy project investment manager Climate Change Capital said on Thursday it was reducing the headcount at its offices in the U.S. and Britain.

via Climate Change Capital cuts staff in U.S., Britain | Markets | Markets News | Reuters .

 

* Friday, industrial plant engineering and equipment supply company KHD Humboldt Wedag International Ltd. (KHD: News ) reported a loss for the full-year 2008, reflecting a fair value loss on the preferred shares of former subsidiaries and a loss from contract terminations.

 In addition, the company expects to reduce about 50% of its staff and forecasts a dramatic decrease in 2010 revenues on international financial crisis.

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

 

societe-generale* Societe Generale (SOGN.PA) said it will cut around 10 percent of staff from its private banking arm in Asia excluding Japan due to volatile market conditions.

via UPDATE 1-SocGen’s private bank to cut 10 pct staff in Asia | Industries | Financial Services & Real Estate | Reuters .

 

* The company yesterday said it had made an unspecified number of staff redundant because of lower demand for services and the amalgamation of some divisional activities and functions.

via Property services firm trims staff to survive economic crisis | The Australian.

 

korea-gas-corp* South Korea’s state-run Korea Gas Corp. (KOGAS) said Thursday that its board of directors has decided to cut 305 jobs all at once, amid stiff opposition from its labor union.

via KRAGF State-run gas firm KOGAS to cut 305 jobs.

 

* The Shipping Association of Jamaica (SAJ) on Thursday night announced that it will be terminating a number of jobs in its stevedoring work force come next Tuesday March 31.

via Radiojamaica.com… Shipping Association of Jamaica to cut jobs – Yet another group of workers will be joining th….

 

koenig-bauer* NEW YORK Koenig & Bauer AG President and CEO Albrecht Bolza-Schuenemann resigned today from all offices at the German press manufacturer during a supervisory board meeting, at which the company announced orders had declined 20% year to year and revenue of 1.5 billion euros represented a 10% decline.

Attributing the results to collapsing worldwide demand, KBA said it will eliminate approximately 800 jobs, or 10% of its work force.

via KBA’s CEO Resigns, Work Force Cut After Loss .

 

rossignol* Restructuring continues apace at Rossignol group. Hit hard by a drop in sales (or a serious miscalculation in demand according to the trade unions) the group plans to fire 450 staff, 275 of them in France.

 

 

- Hiring News and News You Can Use -

 

 

* CornerStone Associates LLC, the Alabama general agency for MassMutual, plans to hire as many as 50 new employees in Birmingham.

via CornerStone hiring up to 50 workers – Birmingham Business Journal: .

 

marvel* With more than 5,000 crime fighters and villains in its library, Marvel Entertainment is looking for some help in adapting those characters into films.

Comicbook giant is readying to assemble a group of scribes who will pen scripts for various properties Marvel wants to develop.

via Marvel’s hiring writers – Entertainment News, Film News, Media – Variety.

 

* DOWNTOWN TOLEDO – Toledo city administrators told city council members Thursday afternoon they’re in the process of hiring five new auditors to collect back taxes.

via City to hire 5 auditors.

 

* TruGreen, the nation’s largest lawn care services provider, has announced plans to increase its workforce and hire about 2,300 new full-time employees as the company enters its peak season. Recruiting efforts are in high swing as TruGreen hosts career fairs and group-recruiting orientation sessions in branches nationwide.

via TruGreen :: TruGreen to Hire 2,300 Employees this Spring.

 

* Despite tough times in the freight hauling business, a unit of the local logistics firm Trans-Trade Inc. is expanding in a big way.

via Alliance Brokers tripling staff – Dallas Business Journal: .

 

* A Danish company called Vestas broke ground Wednesday in Brighton, Colo., on the first of three plants it plans to build in the state, a project that will cost $350 million and bring 1,500 new jobs with it.

Vestas is the manufacturer of the large, white wind turbines that have been showing up with increasing frequency on both land and sea.

via Winds Of Change Bring Jobs To Colorado – CBS News.

 

Mike: It was a busy day for layoff announcements, especially for a Friday.

The weekned is upon us and the NCAAs continue. Below are a few videos discussing tonight’s games. Go Syracuse! Till Monday…………..

Syracuse / Oklahoma

more about “Sports Video – CBSSports.com“, posted with vodpod
Kansas /Michigan State

more about “Sports Video – CBSSports.com“, posted with vodpod

Gonzaga / North Carolina

more about “Sports Video – CBSSports.com“, posted with vodpod

Louisville / Arizona

more about “Sports Video – CBSSports.com“, posted with vodpod

 

 

 

 

 

 

Dilbert - Mar 27

Dilbert - Mar 27

 

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March 26 – Jobless claims rise to 652,000 – Continuing claims at record 5.56 million – IBM to cut 5000 jobs in US, moving 4000 to India – GM: 6000 UAW accept buyouts – Agilent to chop 2,700 – Heidelberger trims 2,500 more jobs – University of Alabama to dismiss 1,000 – Hundreds lose jobs at Disney World – Plantronics to cut 670

Mike:  Jobless Claims will be the news of the day. 

 

* The Labor Department said Thursday that first-time claims for unemployment insurance rose to a seasonally adjusted 652,000 from the previous week’s revised figure of 644,000. That is slightly above analysts’ expectations.

The total number of people claiming benefits are up 122,000 to 5.56 million, significantly higher than economists’ projections of 5.48 million.

via More than 5.5 million are getting jobless benefits – Yahoo! Finance.

 

*  The number of people collecting state unemployment benefits has reached yet another new record, jumping 122,000 to a seasonally adjusted 5.56 million in the week ending March 14, the Labor Department reported Thursday. The four-week average of these claims rose 123,750 to 5.33 million, also a new record. For the week ending March 21, first-time claims for benefits rose 8,000 to 652,000, a level that is 78% higher than the same period in the prior year.

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

International:

                     

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

 

Mike: While companies are designed to improve the bottom line, there should be some recourse  for the taxpayer when a company decides to move thousands of jobs overseas. IBM has received US government contracts worth $1,622,287,510 in 2008 and $328,358,670 so far in 2009 (Opensecrets.org). It would be interesting to know what percentage of those government contracts are spent on IBMs overseas operations

 

ibm14* A short two months ago, IBM CEO Sam Palmisano sent an e-mail to employees, thanking them for sprinting Big Blue past the $100 billion revenue mark for the first time ever.

“We had a strong fourth quarter and a great 2008,” he wrote. “I want to thank you for everything you have done to help achieve this impressive performance.”

Palmisano praised two units in particular – Global Business Services and Global Technology Services – that delivered pre-tax profit growth of 32 percent.

On Thursday, about 4,000 U.S. employees in Global Business Services – a unit that includes IBM Sterling Forest in Orange County, IBM Poughkeepsie in Dutchess County and IBM Research at Ossining – will be laid off, and their jobs will be sent to India, according to Lee Conrad, national coordinator for Alliance@IBM, a union-backed group.

via IBM layoffs to hit Orange County, Dutchess County – recordonline.com – The Times Herald Record.

 

ibm13* IBM (IBM.N) will cut about 5,000 jobs in the United States, adding to similarly large cuts in the past few months, sources with knowledge of the matter told Reuters on Wednesday.

The job cuts will account for over 4 percent of IBM’s U.S. workforce, which totaled around 115,000 at the end of 2008. The sources, who were not authorized to speak publicly on the issue, said the cuts will mostly be in IBM’s global services business, which includes outsourcing and consulting services.

via UPDATE 2-IBM to cut 5,000 jobs in U.S. – sources | Industries | Technology, Media & Telecommunications | Reuters .

 

Mike: The following site has plenty of comments about the IBM layoff that you may find interesting.

 

ibm15IBM (IBM) is planning to cut a large number of U.S. jobs from its services business, moving their workload to IBM employees in India, the Wall Street Journal reports, citing “people familiar with the situation.”

 

ibm12* The severance package IBM Corp. is expected to give employees selected for a layoff includes a lump sum severance payment as well as counseling and financial planning services.

IBM is expected on Thursday to lay off as many as 4,000 to 5,000 employees in its Global Business Services Unit, according to the Alliance@IBM.

via IBM plans lump sum severance for those laid off.

 

* TORONTO — IBM Canada Ltd. is cutting an unspecified number of jobs across the country, according to a spokesman for the computer and software company.

Mike Boden told The Canadian Press that IBM Canada is in the midst of cuts that will affect “a wide range of jobs and positions,” from executives to customer service staff.

via The Canadian Press: IBM Canada spokesman says company cutting jobs across the country.

 

google2* SAN FRANCISCO (Reuters) – Google Inc (NasdaqGS:GOOG – News) is cutting its sales and marketing team by roughly 200 employees, saying it had over-invested in certain parts of the company.

Reuters – A man walks past Google Inc. headquarters in Mountain View, California, May 8, 2008. REUTERS/Kimberly White …

The move is the Web search leader’s latest effort to cut costs amid a tough economy and a broad slowdown in advertising spending. In January, Google laid off about 100 recruiters and it said up to 40 people would be laid off in February, when Google pulled the plug on its radio advertising effort.

via Google to cut 200 jobs from sales force – Yahoo! Finance.

 

- General Economic News -

 

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

* WASHINGTON (AP) — For a 10th straight week, the number of people who are continuing to claim jobless benefits increased, fresh evidence that the labor market remains weak despite other hopeful signs that the recession may have bottomed out.

New claims for unemployment benefits last week rose to a seasonally adjusted 652,000 from the previous week’s revised figure of 644,000, the Labor Department said Thursday. The total number of people claiming benefits jumped to 5.56 million, worse than economists’ projections of 5.48 million, a ninth straight record and the highest total on records dating back to 1967.

via Jobless claims set new record; GDP down more in 4Q – Yahoo! Finance.

 

GDP
[Report][Star]
8:30 AM ET
* March 26 (Bloomberg) — The U.S. economy shrank in the fourth quarter more than previously estimated, leading to the biggest plunge in corporate earnings in a half century and underscoring why companies are slashing payrolls this year.

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* DeWitt, NY — The owners of the New Process Gear plant in DeWitt have agreed to meet with federal officials to discuss a last-minute aid package that could keep the auto parts factory from closing, U.S. Sen. Charles Schumer said Tuesday.

via Federal aid package could keep New Process Gear from closing.

 

Mike: I have to give the French credit for being involved with their worker rights!

* Pithiviers, France — Workers at a factory operated by the U.S. firm 3M today released the French manager they had held hostage for more than 24 hours until a deal on conditions for laid-off staffers was reached.

* SEATTLE – A local developer is offering a unique incentive to catch the interest of potential buyers.  

For the next two months, Stellar Developments is offering anyone who buys a condo at Thornton Place in Northgate a guarantee that if they lose their job, they won’t lose their new home. 

via Condo buyers offered layoff protection plan | Business | KING5.com | News for Seattle, Washington .

 

* It’s been nearly two weeks since Gov. Rick Perry told Washington to take its stimulus and shove it.

(Or, more accurately, to take our stimulus and shove it.) The unemployment insurance funds he rejected include Texans’ tax dollars, which will just be redistributed to other states if the Legislature doesn’t come up with a way to keep them.

For the sake of workers, and business owners alike, let’s hope they do. The debate is still raging in Austin, though. And my question is, besides politics, why?

via Falkenberg: Perry’s logic on stimulus is misleading | Front page | Chron.com – Houston Chronicle.

 

- Government Layoff News -

 

* OTTAWA — A smaller bureaucracy at City Hall, with 44 more people laid off on Wednesday, will deliver better service for Ottawans, the mayor and city manager say.

via More jobs cut at City Hall; manager says services will improve .

 

* QUINCY — Quincy, IL – Like many businesses Quincy Notre Dame is facing some tough decisions.

School officials notified staff and students earlier this week it has to cut three teachers and will not fill a fourth open teaching position.

via Notre Dame plans staff cuts : News : KHQA .

 

* WATSONVILLE — The Pajaro Valley school board cut 222 jobs late Wednesday.

The custodians, school secretaries and other classified staff will join the nearly 200 teachers who received pink slips earlier this month.

via Pajaro Valley school board cuts 222 jobs - San Jose Mercury News.

 

* GREENSBORO  — Guilford County Schools Superintendent Maurice “Mo” Green announced today he is proposing eliminating nearly 100 positions from next year’s budget. 

via Guilford superintendent previews proposed cuts : News-Record.com : Greensboro, North Carolina.

 

* STUART — The Martin County Clerk of the Circuit Court has laid off nine workers in response to a steep decline in revenue from court fees and traffic fines.

 

 

- US and some Canada Layoff News -

 

agilent* Agilent Technologies Inc (A.N) is reducing its workforce by 2,700 people, or 14 percent, in response to a steep reduction in revenue expected for 2009 due to the weak economy and “no prospects for a meaningful recovery in the foreseeable future.”

 

* The plant, which filed for Chapter 11 bankruptcy in January, employed about 170 employees, many of whom are unionized. About 130 were called back to work last month.

via Mountain Top plant closing today | News | standardspeaker.com – The Standard Speaker.

 

* Cindy Robinson has been working for Alatech for two decades, and says this is all she knows.

She says, “This is the only thing that I’ve done for 20 years, it would put three of my family members out of work because my husband and daughter work here too.”

Soon that could be taken away from her and fellow co-workers. Alatech holds a contract with AID, but AID is considering not renewing its contract with the Eufaula plant, and is moving its business overseas.

via Eufaula-based company lose its contract to overseas labor / News 4, Your News Leader, 4 Warn Desktop Alert, Dothan, Wiregrass, WTVY Marketplace .

 

* The move, which affected about 150 employees, is the latest effort by the wealth manager to cut costs following layoffs of less than 10% of its branch support staff and several hundred rookie brokers in December and February, respectively.

via Merrill Cuts, Shifts Jobs Of Some Wealth-Management Managers.

 

* Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third.

via Man Group to Cut Jobs as Profit Falls, Assets Drop (Update1) – Bloomberg.com .

 

* Guthrie would reduce its $28 million budget by 14 percent — about $4 million — for the fiscal year that begins April 1. Those savings would come from senior-management pay cuts, a weeklong furlough for the theater’s nonunion employees, some layoffs and a reliance on presenting outside shows on the theater’s proscenium stage instead of producing them in-house.

via Guthrie Theater to cut jobs, salaries to slice $4M from budget – TwinCities.com.

 

gm5* In addition to the temporary layoffs, the plant is planning to make more longer term cuts.

“Right now we currently have approximately 130 employees on “indefinite layoff” and as we go through the year, we anticipate another 100-110,” explains Graham.

via Corvette Plant Employees Laid Off Again .

 

gm6* More than 6,000 UAW members have accepted buyout and early retirement packages offered by General Motors Corp., which will allow the struggling automaker to reduce its hourly ranks as part of its restructuring plan, the Free Press has learned.

 

newspaper40* BAKERSFIELD, Calif.—The Bakersfield Californian will lay off 26 staffers and implement a 5 percent company-wide pay cut as the newspaper tries to balance its budget amid shrinking advertising revenue.

via Bakersfield newspaper to lay off 26 workers - San Jose Mercury News.

 

halliburton1* Halliburton this week laid off another untold number of workers at its Grand Junction facility.

via Another round of layoffs at Halliburton.

 

* CORVALLIS — The Children’s Farm Home in Corvallis will lay off nine people as part of a workforce reduction announced Wednesday by Trillium Family Services.

via Farm home lays off nine - News , Local | Albany Democrat-Herald.

 

electrolux* More layoffs have been announced at Hamilton County’s largest employer. Electrolux Home Products announced that 129 people will face temporary layoffs at the washer and dryer plant in Webster City effective this Monday, March 30. With this latest announcement, 369 people have been laid off since at Electrolux since last November.

via Radio Iowa: Electrolux lays off more workers in Webster City.

 

owens-corning2* BETHLEHEM — Owens Corning put 60 workers at its Selkirk plant on furlough Tuesday.

via Owens Corning furloughs 60 – Page 1 — Times Union – Albany NY.

 

newspaper41* The Globe needed 50 newsroom employees to take buyouts by last Friday but only 24 have signed up. Employees have a week to rescind after applying for the buyout and the final deadline is tomorrow.

via 24 Globe employees accept buyout - BostonHerald.com.

 

* MANSFIELD — Swedish-owned Sandvik Mining and Construction USA will shutter its Mansfield plant in October and lay off its 90 employees in three phases, starting in May, company officials said Wednesday.

via Mansfield plant closing to cost 90 jobs | Arlington | Star-Telegram.com.

 

* Broken Arrow, OK – Natural gas compression unit manufacturer Exterran says it will close its plant in Broken Arrow by the end of May, resulting in the loss of 150 jobs.

via Broken Arrow Plant Closing|NewsChannel 8.

 

* Automotive supplier Columbus Components Group has decided to part with 135 employees starting next month, according to a published report.

via Columbus auto supplier shedding 135 jobs | IndyStar.com | The Indianapolis Star .

 

* The Statesman Journal newspaper reports that the notice was issued in compliance with the Worker Adjustment and Retraining Notification Act, which requires employers to alert community leaders of mass layoffs.

via Salem onion plant closing, 120 jobs lost | KPIC CBS 4 – News, Weather and Sports – Roseburg, OR – Roseburg, Oregon | Business .

 

* The University of North Carolina at Greensboro will be forced to make job cuts.

Chancellor Linda Brady sent a letter to employees recently alerting them of potential layoffs. The university said more than 100 jobs would be cut if the state ordered a 7% budget cut.

via UNCG to Make Job Cuts Due to Budget Cuts - WGHP.

 

* MacLean said officials hope to see 47 faculty members resign or take early retirement and then those employees won’t be replaced.

via Queen’s University cuts programs, 47 faculty jobs.

 

oil-rig1* In a sign of a deepening pullback in the oil industry, Trican Well Service Ltd., one of Calgary’s largest oilfield services companies, has laid off 200 people, or 13 per cent of its workforce, in response to low activity levels.

via Trican slashes payroll by 13% .

 

* Thirty-two of the approximate 400 employees at the Chittenango plant were laid off this week, said Jeff Nguyen, site manager. Twenty-six of them were in manufacturing and six of them were office employees.

via Chittenango factory lays off 32 people.

 

* Trinity Industries notified its employees today of the company’s intent to idle two manufacturing facilities. The layoff affects 156 hourly and administrative employees.

via More layoffs for East Texas railcar company.

 

pill3* And it announced a new round of job cuts that includes the company’s CEO Kenneth Chahine and other executives.

via Avigen chops execs and readies liquidation plan – FierceBiotech.

 

* Job cuts at three companies in Indiana will put 400 more Hoosiers into the unemployment line.

via 400 jobs cut in three Ind. cities | IndyStar.com | The Indianapolis Star .

 

* About 200 jobs will be eliminated at the Pennsylvania site, Fairchild said.

via Fairchild Semi to close 2 sites, cut 200 jobs - Silicon Valley / San Jose Business Journal: .

 

newspaper43* NEW YORK (Reuters) – The New York Times Co laid off 100 employees on Thursday and cut salaries for the rest of the year by 5 percent, and said it might cut newsroom jobs at its namesake newspaper if it cannot get union employees to agree to a similar cut.

via New York Times lays off staff, seeks pay cuts | Entertainment | Industry | Reuters .

 

* Plantronics Inc. plans to cut about 670 positions and close its manufacturing plant in Suzhou, China to improve profitability of its Bluetooth headset product line, the company said Thursday.

 

dianey* Disney, which is Central Florida’s largest employer with about 62,000 “cast members,” refused to say Thursday how many jobs it has eliminated. But one person familiar with some details of the cuts said he was given an estimate of 450.

via Disney World layoffs: Hundreds lose jobs at Disney World – newsday.com.

 

u-of-alabama* HUNTSVILLE, Ala. (AP) – The University of Alabama System chancellor says its three campuses will shed some 1,000 jobs over the next 18 months because of a deepening budget crisis.

via WSFA 12 News Montgomery, AL |University of Alabama to cut 1,000 jobs.

 

* Marian University announced Thursday that it will cut 15 jobs in the 2009-10 school year and reduce hours for 23 other positions as part of a plan to cut its operating budget by 10 percent.

via Marian to cut 15 jobs, $1 million from operations | fdlreporter.com | Fond du Lac Reporter.

 

navistar2* CONWAY, Ark. – A school bus plant owned by Warrenville, Ill.-based Navistar has laid off 170 more workers in Arkansas.

via Navistar plant lays off 170 in Arkansas — chicagotribune.com.

 

gavel24* The Dechert law firm said Thursday it has laid off 125 lawyers and staff firmwide due to the economic slowdown.

via Dechert lays off 125 - Philadelphia Business Journal: .

 

gavel25Edwards Angell Palmer & Dodge is laying off about 60 people

via 125 Laid Off at Dechert; 60 Cut at Edwards Angell | ABA Journal – Law News Now.

 

gavel26* Clifford Chance (CC) has announced a new round of redundancies in its New York office, with 24 associates to be laid off from transactional practice groups.

 

* WACO – A spokesman for Trane has confirmed that 80 employees at its McGregor facility have been laid off. Severance packages and outplacement support is being provided to those being laid off.

via KXXV-TV News Channel 25 – Central Texas News and Weather for Waco, Temple, Killeen | McGregor manufacturer lays off 80.

 

* * Impinj, a Seattle maker of radio frequency identification (RFID) technology, has laid off 23 employees, cut back its contract workers, and is making unspecified cuts in spending in response to the economic downturn.

via Impinj lays off 23: bizjournals.com Business News – MSN Money.

 

* The United Steelworkers expects to see as many as 30 workers laid off at a Wellsburg paper plant in early April.

via Union: WVa paper plant to lay off about 30 workers – Forbes.com.

 

gsk* According to Mary Ann Rhyne with GSK, employees from the Customer Response Center in RTP were let go.  Rhyne also said the lay offs were part of the cuts that were announced in November.

via GSK Lays Off Employees At RTP Location – Wake County – MyNC.com.

 

* Hollywood-based TOUSA Inc. filed notice today with the state that it plans to cut 67 construction jobs between May 22 of this year and Dec. 31, 2010.

via TOUSA Inc. to cut jobs: Hollywood-based TOUSA Inc. filed notice Thursday with the state that it plans to cut 67 construction jobs by end of 2010. — South Florida Sun-Sentinel.com.

 

* MUNSTER — About 50 workers will lose their jobs this spring when the Amazon.com distribution center here closes, company officials said Wednesday.

 

Entropic Communications, which makes networking chips that can connect home electronic products connected by coaxial cable, said it is cutting 55 employees or 18 percent of its work force as part of a restructuring effort.

 

- International Layoff News -

 

* Printing press maker Heidelberger Druckmaschinen AG on Thursday announced plans to cut as many as 2,500 more jobs as it deepens a cost-cutting drive amid a slump in demand fueled by the global economic crisis.

 

* BHP Billiton Ltd (BHP.AX)(BLT.L) has cut about 400 jobs held by outside contractors at coal mines in Australia, the Construction, Forestry, Mining & Energy Union (CFMEU) said Thursday.

via BHP cuts about 400 Australian coal mine jobs-union | Industries | Industrials, Materials & Utilities | Reuters .

 

* Crystal producer Swarovski announced yesterday (Weds) it would lay off 600 workers this year and 500 more later on at its Tyrol headquarters facility.

 

* MORE THAN 500 teachers who provide English language support to foreign nationals will lose their jobs as a result of budget cutbacks.

 

* A food packaging factory is to close with the loss of 62 jobs, only a year after it was rescued.

Anson Packaging, which is based at Wrexham’s Queensway industrial estate, has issued redundancy notices after a consultation period.

via BBC NEWS | UK | Wales | North East Wales | Packaging factory set for closure.

 

* Fears are growing that 70 jobs may be lost at the Dell-owned subsidary Alienware’s facility in Co Westmeath.

via Dell-owned firm expected to cut 70 jobs - The Irish Times – Wed, Mar 25, 2009.

 

* The La Martinière group plans to cut 44 jobs in France as a first step to reduce costs over the next three years.

via La Martinière to cut 44 jobs | theBookseller.com.

 

* Since October, the Labour, Social Affairs and the Family Office (UPSVaR) in Zvolen (Banska Bystrica region) has been notified of a total of 1,250 planned lay-offs in the region’s districts of Zvolen, Detva and Krupina, TASR was told on Thursday.

via Tlačová agentúra Slovenskej republiky.

 

One thousand workers, out of the current workforce of 3,500 are, therefore, expected to go home with the bulk of them coming from the Eastern railway line. Revenue generation of the company has dropped to its lowest ebb of 10% over the past years. As a result of this, management could not pay the End of Service Benefit to some of the workers who were laid off sometime ago.

via Ghanaian Chronicle – Online : The current time is 6:44:12 AM on 3/26/2009.

 

* Polestar is set to shed around 90 jobs with the planned closure of its Worcestershire-based polybagging facility Newspac and a reduction in finishing staff at its flagship gravure site in Sheffield.

via Polestar to cut 90 jobs at Newspac and Sheffield | printweek.com | Business News and Jobs from the Business, Finance and Mergers and Acquisition Sector.

 

UTi did not specify how many jobs have been eliminated and a company spokesman was not immediately available early Thursday. The company said the cost cuts would reduce operating costs for fiscal 2010 by about $50 million.

via UTi posts 4Q loss on charges, lower volumes – Forbes.com.

 

* Fishing company Sealord today confirmed it will transfer fish processing to a freezer-trawler and move to a single shift and the loss of 130 jobs at its Nelson fish plant.

- Hiring News -

 

* Liberty National Life Insurance Co. has established a branch office in Jacksonville and will interview job applicants April 8.

via Liberty National hiring for Jacksonville branch - Jacksonville Business Journal: .

 

* Liberty National Life Insurance Co. plans to hire 650 commissioned-based sales agents, including 100 people in the Richmond area

via Liberty National plans to hire 100 in Richmond area | Richmond Times-Dispatch.

 

* Lafarge is recalling 50 fulltime workers laid off six weeks ago from the cement plant in Bath, southeast of Napanee.

via Mix 97 | News Team » Blog Archive » Lafarge recalls 50 laid off workers in Bath.

 

* For Andersen, that meant recalling 180 of the 560 workers it laid off in January.

via Andersen recalls 180 workers because of window tax credit.

 

* ELLENBORO, W.Va. — Simonton Windows is recalling 80 of 115 workers who were laid off from its Ritchie County operations in January.

via Charleston Daily Mail – West Virginia News and Sports – Business – Simonton recalls 80 laid-off workers in W.Va.

 

* Kansas City has been chosen by a U.S.-British consortium for an assembly plant expected to employ 200 people manufacturing all-electric powered delivery vans, according to government officials.

via Electric jolt: 200 jobs coming to KC | Dollars & Sense.

 

* Enterprise Rent-A-Car is opening a customer claims call center with about 200 fulltime jobs in Gainesville on June 1, the company confirmed Wednesday.

via Call center to bring 200 jobs | Gainesville.com | The Gainesville Sun | Gainesville, FL.

 

* The project is expected to create more than 200 construction jobs, according to airport officials.

via Airport Projects Bringing More Than 6,000 Jobs - Phoenix News Story – KPHO Phoenix.

 

* Holiday Inn Express and Suites will open for business today (March 26) in Lake Zurich.

via New Lake Zurich hotel provides 75 jobs for area :: News :: PIONEER PRESS :: Lake Zurich Courier .

 

* Another company plans to manufacture solar panels and put hundreds of people to work. Toledo and its suburbs are poised to harvest the power of the sun by making millions of solar panels. First Solar and Xunlight are taking off. Yesterday, a third major manufacturer announced it would set up shop in Perrysburg.

 

————————————————————————————————————————————————————————

 

Mike: I recommend that we  take a little time to support worthwhile efforts such as the following COBRA improvement petition:
-
Thank you for signing our petition at http://www.ipetitions.com/petition/cobrareform and supporting all of those who slipped between the cracks of the Cobrastimulus provision of the American Recovery and Reinvestment Act. Judging from the comments on our petition website, the situation for many of us is bad and getting worse. While we have seen some improvements in COBRA subsidies for residents of some states (New York recently expanded the subsidy to cover small employers) , we have not seen any national expansion aimed at extending coverage in any other way. 
 
Currently, we have less than 600 signatures on our petition with a week to go before we deliver it to Congress and the Obama Administration. We need your help to get the message out. If every one of us would call ten people and have them sign the petitions at http://www.ipetitions.com/petition/cobrareform our united voices would be heard.
Best Regards,
Emel & Troy Breiland

 

Mike: More news later in the day……………………

 

 

Tom Toles - Mar 26

Tom Toles - Mar 26

 

 

 

top

Mike: For an entertaining way to view a variety of blogs, take a look at http://alphainventions.com.

March 25 – NY Governor orders 8,900 layoffs – BJ Services has cut about 1,500 jobs – HSBC to cut 1,200 UK jobs – CBC chops 800 – Shaw closing yarn plant doors on 600 – Postal chief: Our situation is critical – IBM to shift services unit jobs to India and cut 5000 jobs

Mike: Hello to all and thanks for visiting

-

Mike: Below is another one of those school board decisions that make me shake my head. The school board must be completely clueless to the impression that a move like this makes on its constituents, they are in the hip pocket of the superintendent, or they are merely ignorant and uncaring. Wouldn’t there have been a better time to increase the salary of a person that’s already making $261,000! This is the problem with the school industrial complex; school administrators, or CEOs, will gladly chop the necessities for a fatter paycheck. The AIG syndrome continues to thrive on the taxpayer’s back.

After axing 86 jobs because of a budget deficit, the Plainfield School Board approved a pay hike and a new contract for the district’s superintendent Monday.

School board members said job cuts are needed because of a $7.5 million shortfall. The board voted 5-1 for a staff reduction plan that eliminates teaching positions at elementary, middle and high school levels; and some support staff and administrative jobs……….

Harper’s salary is $261,959, including a contribution of about $24,000 to the Teachers Retirement System. He also receives a $15,000 annuity and a $380 monthly travel stipend.

Harper won’t get a raise in the first year of his new contract. The second through fourth years of the contract include raises of 3 percent or the cost of inflation, whichever is higher, not to exceed 6 percent. In the final year, his pay will increases by 4 percent or the cost of inflation, but not more than 6 percent. His annuity increases to $20,000 for the last two years of the contract.

via 86 jobs cut but school chief gets raise :: Herald News :: News.

 

 

Mike Luckovich - Mar 24

Mike Luckovich - Mar 24

 

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

 

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

 

ibm8* March 25 (Bloomberg) — International Business Machines Corp., the world’s biggest computer-services provider, will cut about 5,000 jobs today and tomorrow, according to a person familiar with the matter.

 

ibm7* International Business Machines Corp. will shift jobs in its global-business services unit to India from the United States after layoffs at other units,

via IBM to shift services unit jobs to India: WSJ – MarketWatch .

 

ibm9* RESEARCH TRIANGLE PARK, N.C. — Thursday will be a bleak one for Big Blue workers, according to the Wall Street Journal and Alliance@IBM, the union seeking to represent IBM workers.

In RTP, some 300 people will be cut as part of what IBM (NYSE: IBM) calls a “resource action.” Alliance@IBM has been told. The union is already labeling March 26 as “Black Thursday.”

via ‘Black Thursday’ at IBM? More layoffs reportedly set, including hundreds in Triangle :: WRAL.com.

 

ibm6* Imagine traveling by rail at 200 miles per hour between cities, and then catching a local line to your final destination.

IBM on Wednesday plans to announce details of three rail projects outside the U.S. that bring that vision of efficient and convenient rail travel closer to reality. Overall, the projects in China, Taiwan, and the Netherlands show how rail travel can reduce urban congestion and cut down on pollution from transportation, said IBM.

via IBM hops aboard high-speed rail | Green Tech – CNET News.

 

- General Economic News -

 

*NEW YORK (Reuters) – U.S. mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, increased 32.2 percent to 1,159.4 for the week ended March 20. Refinancing accounted for 78.5 percent of all applications.

via U.S. mortgage applications jump; rates at record low - Yahoo! Finance.

* The Commerce Department says durable goods orders increased 3.4 percent last month, much better than the 2 percent fall economists expected. It was the first advance since July and the strongest one-month gain in 14 months.
New Home Sales
[Report][djStar]
10:00 AM 
* WASHINGTON (AP) — New home sales rebounded unexpectedly last month, but were still the second-worst on record and remained well below last year’s levels, according to data released Wednesday.

The Commerce Department said sales rose 4.7 percent in February to a seasonally adjusted annual rate of 337,000 from an upwardly revised January figure of 322,000. Even after the revision to January’s sales results, the month remained the worst on records dating back to 1963.

Economists surveyed by Thomson Reuters had expected February sales to fall to a pace of 300,000 units.

February’s sales were still down by more than 40 percent from the same month a year earlier. The median sales price fell to $209,000, a record 18 percent drop from the same month last year. The median price is the midpoint, where half sell for more and half for less.

via February new home sales rise unexpectedly - Yahoo! Finance.

 

—————————————————————————————————————————————————————————–

* * Salary and job cuts are becoming widespread at major chemical companies as the economy continues to take a toll on demand. In April, silicones maker Momentive Performance Materials will cut pay for its workers by 10% for senior leadership and nearly 8% percent for salaried employees.

via Chemical companies cut jobs, salaries amid downturn - Related Stories – ACC SmartBrief.

 

* STRASBOURG, France (AP) — A top European Union politician on Wednesday slammed U.S. plans to spend its way out of recession as “a way to hell.”

Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama’s massive stimulus package and banking bailout “will undermine the stability of the global financial market.”

via EU presidency: US economic plans ‘a way to hell’ – Yahoo! Finance.

 

 

Jeff Stahler - Mar 25

Jeff Stahler - Mar 25

 

* Wall Street may be seeing glimmers of a recovery, but UCLA economists are coming out with a new forecast today that offers a grim picture of the year ahead.

Nationwide, the unemployment rate will worsen — peaking late next year at 10.5%. And in California, which has been battered by tumbling housing, retail and manufacturing sectors, the jobless rate will soar to 11.9% by mid-2010, the latest UCLA Anderson Forecast says.

via UCLA Anderson Forecast: dark days - Los Angeles Times.

 

* WASHINGTON (AP) — Postmaster General John Potter said Wednesday the financially strapped U.S. Postal Service will run out of money this year without help from Congress.

The only lingering question, Potter told a House subcommittee, is which bills will get paid and which will not. He did say ensuring the payment of workers’ salaries comes first. But Potter also said other bills may have to wait.

Potter’s appearance came as the agency, which has lived on a reputation of serving through wind, rain and all sorts of obstacles, seeks permission to reduce mail delivery to five days a week. It also wants to change the way retiree health benefits are amassed to save money.

“We are facing losses of historic proportion,” he said. “Our situation is critical.”

via Call for Help: Postal chief says agency crashing - Yahoo! Finance.

 

- Government Layoff News -

 

Mike: The odd part of this layoff annoucement by Gov. Patterson is that a recent article also showed how the state has hhired 6,000 over the past year. So while 8900 proposed job cuts seems large, it would get the state back to the hiring level it had last year. And once the useless and dysfunctional NY legislature (I live in NY and I have seen the ongoing dysfunction) gets its hands on this proposal, they will end up hiring the 8900 as personal valets and limo drivers:

* ALBANY, N.Y. (AP) — Gov. David Paterson on Tuesday ordered layoffs that could total about 4 percent of state workers after unions refused concessions amid a staggering economic downturn that was projected to push the state’s deficit to $16 billion in the next year.

Budget Director Laura Anglin told The Associated Press that the layoffs of nearly 9,000 employees would be the first since the late 1990s after unions refused to even provide counterproposals.

via The Associated Press: AP NewsBreak: NY Gov. orders 8,900 layoffs.

 

*The Charlotte Area Transit System will lay off up to 10 employees over the next 30 days.

via CATS to lay off 10, reduce routes - Charlotte Business Journal: .

 

Charlotte-Mecklenburg Schools is ramping up layoffs this week, cutting 534 of its 19,000-plus jobs and identifying more people who will be laid off if more cuts are needed.

 

 

- US and some Canada Layoff News -

 

 

* Shaw refers to these facilities as Plant 07 in Calhoun and Plant WL in Valdosta. About 600 employees will be affected between now and when production ceases at both facilities over the next several weeks.

 

* COLUMBUS, Ga. (AP) — Synovus Financial Corp., which eliminated 650 jobs in its five-state banking network in September, says it is cutting 200 more.

CEO Richard Anthony says the latest cuts will include 74 jobs in Columbus, where Synovus is based.

via Synovus Financial announces additional job cuts – WHNT.

 

* Under the reduction plan, 110 full-time positions, including 80 in the Baltimore area, would be eliminated, company spokesman Thom Mocarsky said in phone interview Tuesday. About 71 percent, or 767, of the company’s 1,084 full-time employees work in Columbia, where the company moved its headquarters earlier this month. About 56 percent, or 269, of the company’s 484 part-time workers also work at the 275,000-square-foot campus.

 

* DAYTON — NCR Corp. is cutting its Dayton workforce — as well as “labor costs” throughout the company.

Company spokespeople would not say how deep the cuts will be or answer other questions.

via NCR to cut jobs in Dayton, elsewhere.

 

pill2* The St. Louis-based pharmaceutical company and its subsidiary, Bridgeton, Mo.-based Ther-Rx Corp., wrote in a March 6 letter to the Texas Workforce Commission that it would lay off five sales employees in its Coppell office. In addition, eight employees will be laid off at the company’s Frisco office.

via KV Pharmaceutical cuts jobs in N. Texas - Dallas Business Journal: .

 

Craftex Mills, which makes cloth, announced it will close its factory in Auburn. Eighty people will be laid off. Craftex Mills blames cheap foreign imports and the sagging economy for the planned closing.

more about “Business Closing in Schuylkill County…“, posted with vodpod

 

hospital3*Beth Israel Deaconess Medical Center said today it will lay off 140 or fewer employees, using a combination of delayed pay raises, a temporary reduction in benefits, and donations from department heads to avoid far wider job losses.

via Beth Israel now projects layoffs at 140 or fewer – Daily Business Update – The Boston Globe.

 

* Danville, VA – A Danville plant is closing its doors, leaving 200 employees without a job. Corning Incorporated will shut down by the end of this year.

more about “Reaction to Corning Layoffs|ABC 13“, posted with vodpod

* Thirty Eight people will lose their jobs. The company says they will be eligible for severance.

via National Starch Closing Plant - WABI TV5.

 

* Ingersoll Rand has made its third major job cut in the past four months at its Mocksville plant, eliminating 75 jobs by the end of March, the company said yesterday.

via Ingersoll Rand is cutting 75 more jobs in Davie.

 

fish* Bass Pro Shops and Tracker Marine eliminated 45 jobs companywide on Friday, company spokesman Larry Whiteley has confirmed.

via Bass Pro, Tracker Marine cut 45 jobs | News-Leader.com | Springfield News-Leader.

 

* The measures, which will trim Emory’s 2009 budget by about 1.8 percent, includes suspending employee retirement plan matches, reducing vacation time by up to 4 days and cutting vacation time buybacks by 50 percent, Emory Healthcare CEO John Fox said late Tuesday.

via Emory Healthcare announces $30M in cuts - Atlanta Business Chronicle: .

 

* The embattled Allentown truckmaker said Tuesday that it will lay off as many as 25 employees at its Lower Macungie plant in early May, in addition to holding three weeklong shutdowns in April and May.

via Mack Trucks announces more staff cuts, shutdowns – themorningcall.com.

 

newspaper37* GLENS FALLS — The Post-Star today laid off 11 employees from its editorial, advertising and production departments.

via Post-Star lays off 11 employees :: Today :: PostStar.com.

 

newspaper38* Twenty Bakersfield Californian employees were laid off Tuesday and a total of 26 jobs were cut. 

via Twenty-six jobs cut at The Bakerfield Californian: Twenty laid off | KGET TV 17 .

 

newspaper39* In its third round of cuts, the newspaper, a unit of Cox Enterprises Inc., is offering a “Voluntary Separation Program” to all full-time employees with more than five years of Cox pension vesting service and will eliminate 48 part-time staffers from the newsroom.

 

* Pulse~Link laid off as many as 45 employees, but a core group of 15 including the founders are still active in the company as it seeks new investors. A handful of UWB startups have already shut their doors or been acquired including WiQuest, Tzero and Artimi.

via EETimes.com – Pulse~Link lays off 40+, seeks investors.

 

hospital2* The Regional Medical Center at Memphis has laid off 88 employees and eliminated 62 vacant positions from all levels of the organization.

via The Med lays off 88 people, eliminates vacant positions – Memphis Business Journal: .

 

hospital1* Grady Memorial Hospital in March announced 150 job cuts, in response to severe economic pressures and an increase in indigent patients, officials said. Among those who left was the head of the Atlanta hospital’s cancer center.

via Grady Memorial Hospital cuts 150 jobs | ajc.com.

 

* The Canadian Broadcasting Corp. plans to cut up to 800 jobs to make up for a $171 million shortfall in 2009-10.

via CBC to cut up to 800 jobs, sell assets.

 

* ELKHART — Dexter Axle in Elkhart will eliminate more jobs than previously thought when the plant closes in July.

In January, the company announced it would cut about 90 jobs. Now, 119 workers will lose their jobs starting in May.

via More jobs lost at Dexter Axle in Elkhart | WSBT South Bend – Your Local News Leader | Local News .

 

constellation-brands* Constellation Brands Inc. announced today it will cut about 5 percent of its global workforce, now estimated at 8,000, but the number of positions to be trimmed locally is unclear. The announcement comes as the world’s largest wine company continues to look for ways to cut costs, according to a spokeswoman.

via Constellation plans workforce cuts - Canandaigua, NY – MPNnow.

 

hospital* Jack Hughston Memorial Hospital in Phenix City plans to lay off 70 to 80 employees and reduce certain medical services as part of a restructuring plan, the hospital announced Wednesday.

via Ledger-Enquirer.com | 03/25/2009 | Phenix City’s Jack Hughston Memorial Hospital to cut 70 to 80 jobs, medical services .

 

Mike: Here again we see how company execs reward themselves for failing their employees. AIG syndrome continues to spread.

* Just weeks after outlining a plan to close three facilities and cut 400 jobs due to a disappointing 2008, Watts Water Technologies Inc. disclosed in a regulatory filing Wednesday that its senior executive team received an across-the-board pay raise and hundreds-of-thousands in perks that included car allowances, sports tickets and housing payments.

via Watts cuts jobs, boosts exec team’s pay - Boston Business Journal: .

 

oil-rig* BJ Services has cut about 1,500 jobs, said Chief Executive Officer James Stewart today at the Howard Weil Energy Conference in New Orleans. The company has also frozen salaries until economic conditions improve, Stewart said. Pride has eliminated 300 jobs in the past month, CEO Louis Raspino said in an interview at the conference.

via Two Houston oil services firms reveal job cuts | Business | Chron.com – Houston Chronicle.

 

* AURORA — Old Second National Bank laid off 62 employees this week, CEO William Skoglund said Wednesday.

 

 

- International Layoff News -

 

 

hsbc3* LONDON, March 25 (Reuters) – HSBC Holdings (HSBA.L)(0005.HK) is cutting about 1,200 jobs in Britain, saying the operating environment for the battered banking industry was “extremely challenging” and would remain so for some time.

via UPDATE 2-HSBC to cut 1,200 UK jobs, union sees more | Industries | Financial Services & Real Estate | Reuters .

 

* U.K. insurer Legal & General Group PLC (LGEN.LN) plans to cut staff at its domestic operations by around 10% this year to save on costs, Chief Executive Tim Breedon said in a briefing Wednesday.

“Last year, the staff in our U.K. businesses fell by 10% and we would expect not a dissimilar fall in headcount in our core U.K. business” this year, Breedon said.

He said the current headcount in the U.K. is around 6,500 and said the new cuts would come from “central services” and support functions like finance as well as staff from the life and pensions business.

via Legal & General To Cut Jobs In UK This Year -CEO – EasyBourse actualité.

 

* The company will be cutting 718 jobs from its Jyväskylä, Järvenpää, Hollola, Oulu, Tampere, Turku, Valkeakoski, Inkeroinen, and Varkaus facilities between now and 2010.

via EUWID: Metso to close facilities and cut 718 jobs.

 

* Insurance firm Legal and General (L&G) is to cut 10% of jobs in its 6,500-strong life and pensions division.

 

* More than local 50 jobs will be shed in the coming weeks, as the recession hits the Borders’ manufacturing industry.

via Border Telegraph | News | ‘Black cloud over Borders’ as 50 jobs cut.

 

* Qantas will shed 90 top management positions adding to 1,500 job cuts announced last year, it said on Wednesday.

via UPDATE 1-Australia’s Qantas to cut 90 senior jobs | Industries | Industrials, Materials & Utilities | Reuters .

 

* The Royal Institution of Chartered Surveyors (RICS) plans to cut 18 jobs and impose a pay freeze for all employees.

via Builder and Engineer – RICS to cut jobs.

 

* More than 100 staff at Greencycle, a County Durham firm that collects and recycles household waste, have lost their jobs.

via BBC NEWS | England | Waste firm staff laid off.

 

rbs2* BANKING giant RBS is to axe almost 100 jobs in Yorkshire from its business dealing with personal loans, it was announced today.

via RBS to cut almost 100 jobs at Yorkshire site – Yorkshire Evening Post .

 

* LONDON, March 25 (Reuters) – British transport group Go-Ahead Group Plc has prepared for a potential 3 percent slump in rail passenger revenue on its routes into central London in 2009, while also cutting 500 jobs at its aviation division.

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

 

* THE job loss axe fell on Dysart and Moranbah yesterday as global coal mining giant BMA sacked more than 400 contractors.

 

- Hiring News -

 

* It’s never a good time to lose your job. But now isn’t so bad if you want to attend the Oregon Institute of Technology or Klamath Community College.

The presidents of the two Klamath Falls schools announced Tuesday that any Oregon resident who was laid off since October 1 can take classes for free during the spring term on a space-available basis.

via Education | Oregon Tech, KCC offer free tuition to laid-off Oregonians | Seattle Times Newspaper.

 

Mike: The fine people at The 405 Club (http://www.the405club.com/) are running their first major event on March 25th (4-7pm @ The Galway Hooker Pub) called the PROJECT 405 PARTY. It’s a casual gathering with recruiters, advisers, counselors, and fellow unemployed New Yorkers. So if you are in the NYC area, stop by the event and visit with this fine gathering. Their poster follows. Please pass it along to all that may benefit and be sure to visit http://www.the405club.com/ for additional information.
-
4051

Mike: The layoff announcements picked up the pace during the afternoon with the IBM report of 5000 more layoffs and shipping jobs to India the big news. Tomorrow brings us the jobless numbers, so we can see how this economy is moving in the jobs area.  I’ll end this post with a little banter between Bill and John. Should be an interesting 13 minutes. Till tomorrow………………..

 

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

 

 

 

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Mike: For an entertaining way to view a variety of blogs, take a look at http://alphainventions.com.

March 24 – Report: Schlumberger cutting another 6,000 jobs – Leoni cuts 4,000 jobs – Hospira to eliminate 1,450 – Lionbridge erases 325

Mike: Good day to all. Today proved to be a milder day for layoff announcements. The report of Schlumberger’s 6000 layoffs was the big news of the day, but we’ll wait for confirmation from  additional sources to get the exact number. Unemployment is still going to bean issue moving toward any kind of recovery, but if the mas layoffs can be minimized then the economy has a chance to recover. But, unfortunately, spending trillions on failed banks won’t reverse the job numbers.
-
Mike: Yesterday brought euphoria to the stock markets and the talking heads of media. Yet, what did the average person get from this new trillion dollar bank bailout? My initial impression is that they received nothing of value, unless you-consider toxic assets valuable. The consumer is often trumpeted as being 70% of the US economy, yet the new billions go to purchasing toxic assets instead of going to people who could spend the money on items that would create jobs. The banks will gladly take this latest round of taxpayer largess, but that trillion could have been spent in a manner that benefited the taxpayer instead of usual suspects; the corrupt, greedy, regulation breaking, bonus baby leaders of failed banks.  More on this later:
Tom Toles - Mar 24

Tom Toles - Mar 24

Mike: If you want to let your congressional representatives know your feelings about the AIG and their bonuses, visit http://www.congress.org/congressorg/headlines.tt  and cast your vote for or against the bonuses.
* Larger layoff announcements and important economic reports:
US/Canada
      
International:
                  

 

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

 

* Today, March 23, marks the last day on the payroll for Microsoft employees notified in January that their jobs were being cut. “They will receive their severance payout, additional pay for healthcare costs, and will continue to be eligible to use outplacement services for a defined period of time,” a company spokeswoman said via e-mail.

- General Economic News -

 

Mike: It is rather ironic that the many millions of taxpayers who work without health insurance fund the bloated health care plans of government workers and contribute to the trillion dollar bailouts of the wealthy, corrupt and clueless banking thieves.

 

* WASHINGTON (AP) — Cindy Ramer works full-time nursing the mentally disabled, making sure their medical needs are met.

But the 58-year-old widow hasn’t had a doctor’s checkup in more than three years, ever since the nursing home where she works decided it could no longer afford to offer medical insurance to its employees.

“I don’t think it’s fair that I’m caring for people and helping them with their health care, and I don’t have adequate, affordable health care of my own,” said Ramer, of Denver, Iowa.

American workers — whose taxes pay for massive government health programs — are getting squeezed like no other group by private health insurance premiums that are rising much faster than their wages.

While just about all retirees are covered, and nearly 90 percent of children have health insurance, workers now are at significantly higher risk of being uninsured than in the 1990s, the last time lawmakers attempted a health care overhaul, according to a study to be released Tuesday.

via Health insurance squeezes U.S. workers – Yahoo! Finance.

 

Mike: The following two news stories show a brightening mass layoff announcements picture.  While that’s good news, its important to view these improved numbers against last years numbers, which show that mass layoffs have increased significantly. Monthly comparisons are fine for short term trend analysis, but longer term analysis is equally important.  

* For the first time in six months, the number of Colorado companies laying off 50 or more workers at a time has dropped from the previous month, the U.S. Department of Labor said Monday.

via Mass layoffs decline in Colorado for 1st time in 6 months - Denver Business Journal: .

 

* Missouri had 38 layoffs of at least 50 workers in February, down from 62 in January and up from 19 in February 2008, according to statistics the U.S. Department of Labor’s Bureau of Labor Statistics released Monday.

Missouri reported 3,538 initial claims for unemployment insurance in February, down from 5,239 in January and up from 1,127 in February 2008.

via Mass layoffs fall in Missouri, Kansas – Kansas City Business Journal:

 

Mike: It’s sometimes amazing that government is so unable to respond to crisis. Job losses have been piling up for over a year, yet government offices are understaffed, underfunded and technology deficient. Why don’t these government offices use some temporary services, such as Manpower, to work these unemployment lines to collect information, direct people to the right location, answer questions, distribute protocol information, etc. Sure budgets are tight, but going to the unemployment office seems more like cramming six lanes of traffic into one lane; it’s inefficient, unproductive and usually leads to accidents.

* Don Weidner figured he had plenty of time to get some fresh air.

“They just called number nine. I’m number 69,” he said while standing outside the Illinois Department of Employment Security office on Elm Street.

Weidner, a welder at Caterpillar Inc. in East Peoria, was among a large crowd of people hoping to claim unemployment benefits on Monday.

via Rolling layoffs at Cat mean long lines at unemployment offices - Peoria, IL – pjstar.com.

 

 

Jerry Holbert - Mar 24

Jerry Holbert - Mar 24

 

 

 

- Government Layoff News -

 

Mike: The stimulus is going to keep many a government worker employed and that’s the main reason why I usually don’t list smaller potential layoffs of government employees

* MONTGOMERY, Ala. (AP) — Nearly 3,800 Alabama teaching jobs that were in danger of being lost will be spared for at least two years thanks to the federal economic stimulus package, State Superintendent Joe Morton announced Monday.

via Morton: Stimulus to save 3,800 Ala. teacher jobs - NewsFlash – al.com.

 

* About 100 Clayton County teachers who were laid off earlier this month got their jobs back Monday.

School officials delivered contracts to 100 of the 400 teachers who were told two weeks ago that they would not have a job next school year. The board will vote later this year on the teachers’ employment contracts.

via 100 Clayton teachers get jobs back | ajc.com.

 

* ORANGE, Calif.—The Orange County Transportation Authority has voted to cut bus service by a quarter and layoff almost 400 drivers, supervisors and maintenance workers.

 

- US and some Canada Layoff News -

 

 

schlumberger* Houston’s vast oil field services industry took another blow Monday with word that Schlumberger is preparing for its second round of layoffs since January.

The world’s largest oil field services company, which in January announced plans to cut 6 percent of its work force, now expects “a further reduction of a similar amount” in coming months, Chief Executive Andrew Gould said at the 2009 Howard Weil Energy Conference in New Orleans.

While the first round of cuts — eliminating about 5,000 of the firm’s 84,000 global employees — should be largely completed by the end of March, Gould gave no specific timetable for the next phase of layoffs. A company spokesman did not yet know how the company’s Houston operations would be affected.

via Schlumberger says another round of layoffs coming | Energy | Chron.com – Houston Chronicle.

 

schlumberger1* CEO Andrew Gould said late Monday at the Howard Weil Energy Conference in New Orleans that the company — which is the largest oilfield service firm — is cutting another 6% of its work force in its second round of layoffs since January, according to published reports.

 

hospira* LAKE FOREST, Ill. (AP) — Hospira, which makes drug delivery systems and devices, says it will eliminate 10 percent of its work force as part of a cost-cutting restructuring plan.

The reduction of about 1,450 jobs over the next 24 months is expected to save the Lake Forest, Ill.-based company between $110 million and $140 million annually.

via Hospira to cut 10 percent of its work force, or 1,450 jobs, in restructuring move to cut costs — baltimoresun.com.

 

* Oilfield services company Smith International Inc (SII.N) said on Monday it had cut about 10 percent of its workforce in response to the recent sharp downturn in drilling activity.

 

newspaper30* Gannett Co. Inc, which is already mandating a one week of unpaid furlough for most of its employees this quarter, has ordered another unpaid furlough for many employees in the second quarter.

via Gannett orders second unpaid furlough – Phoenix Business Journal:

 

newspaper31* The Ann Arbor News in Michigan said it would close in July and replace itself with a primarily Internet-oriented company called AnnArbor.com.

via Ann Arbor News to close up shop - MarketWatch .

 

newspaper32* In addition to the 82 companywide layoffs – 60 full-time and 22 part-time employees – the Observer will reduce the hours of some employees.

via Observer to lay off 82 workers, cut pay | CharlotteObserver.com.

 

newspaper33* Atop previous rounds of reductions via buyouts, the daily said today that it will cut pay from 5 percent to 10 percent depending on pay level and require unpaid furloughs of four days for full-time employees.

via WWire | The Oregonian Announces Pay Cuts And Other Cost Reductions (UPDATED With Details in Email Sent to Staff).

 

newspaper34* HOUSTON: The Houston Chronicle says it is laying off about 12 percent of its work force………..

Sweeney did not specify how many jobs are to be cut or what departments they serve. Laid-off workers will receive two weeks of pay for each year of service, up to one year’s pay. They also will be offered career transition services.

via Hearst’s Houston Chronicle cutting 12 pct of staff - International Herald Tribune.

 

* Maxwell’s final day as executive director will be April 17. The part-time financial controller position will also be cut, effective April 10. The Red Cross’ regional chapter office in Grand Rapids will handle many of the financial tasks, but the Ottawa County chapter also needs volunteer accountants to make up the gap.

via Jobs cut at Ottawa County Red Cross - Holland, MI – The Holland Sentinel.

 

* The closing of the facility located at 537 Fitch Street in the City of Oneida will impact 70 employees.

via Hoffmaster to close Oneida plant; 70 impacted - NewsChannel 9 WSYR .

 

* Citing the global recession’s continuing impact on all of its businesses and markets, Corning Inc. announced Monday morning it would close the Danville Corning plant after the company decided to discontinue the two product lines produced at the local factory. The move is expected to affect about 200 workers.

via Corning to close Danville plant | WSLS 10.

 

* FORT SMITH, Ark. (AP) – Between 30 and 25 workers at the Train air conditioner plant at Fort Smith are to be laid off today at a Fort Smith, according to a published report. Workers have known about the pending layoffs for a couple of weeks.

via WXVT-TV Delta News – More Local News and Weather WXVT.com | Trane layoffs take effect today at Fort Smith.

 

Mike: These are the layoffs that slip below the media radar. If you are closing two stores there are likely layoffs involved, but smaller layoffs aren’t required to report that important information

* Active Ride Shop said Monday it sought Chapter 11 bankruptcy protection and closed two Orange County stores.

via Retailer closes 2 O.C. stores, seeks bankruptcy protection – Orange County Retail – OCRegister.com.

 

cummins-filtration* Cummins filtration says it laid off 127 workers Monday around the area.

Mark Land, a Cummins spokesman, says 44 people were laid off in Bloomer. Land says that leaves 175 people at the Bloomer plant.

Another 30 people were cut in Black River Falls Monday. That leaves 163 people at the Jackson County plant.

And in Viroqua, 53 people were laid off, leaving 265 people at that plant.

via Cummins Lays Off 127 in Western Wisconsin .

 

* Citing the “huge toll” wrought by the economic downturn, Sutter Medical Center Sacramento has announced that it will lay off 53 employees as part of a move to reduce costs.

via 53 workers to lose jobs at Sutter Medical Center - Sacramento Business, Housing Market News | Sacramento Bee.

 

* ANDERSON, Calif. — Two sawmills in Camino and Sonora are closing this summer, Sierra Pacific Industries announced Monday.

A difficult lumber market, along with reduced timber harvests on nearby national forest lands and state regulatory burdens are the reasons behind the closures, according to the company.

The closures will affect about 300 employees, the company said.

via Camino, Sonora Sawmills To Close - Money News Story – KCRA Sacramento.

 

* The company says it will lay off 135 workers on May 23 because of the continuing economic downturn. In February, Johns Manville announced 75-80 layoffs at its Waterville plant. The latter will take effect April 1

via WTOL.com, Toledo’s News Leader, News 11 | Johns Manville announces more layoffs.

 

lionbridge1* Lionbridge Technologies Inc., a provider of technology translation and testing services for companies expanding internationally, will lay off roughly 325 employees as a part of a restructuring plan to reduce overhead costs.

via Lionbridge to cut 325 jobs, 8% of staff – Boston Business Journal: .

 

* BRILLION, Wis. – A Brillion foundry is laying off 80 workers and furloughing others for two weeks.

via Brillion Iron Workers to shut down for 2 weeks – chicagotribune.com.

 

alcan* Nearly 60 workers were expected to get the bad news here at the Alcan Sebree aluminum plant, more victims of the struggling economy.

via 14 News, The Tri-State’s News and Weather Leader-Alcan lays off nearly 60 workers at KY plant.

 

* Baltimore money manager Legg Mason Inc. laid off 20 employees — including 12 people at its Light Street headquarters — last week in response to continuing market volatility and its struggling financial performance.

via Legg Mason lays off 20, including 12 in Baltimore – baltimoresun.com.

 

*Empire Aero Center eliminated 35 positions at its aircraft maintenance facility Monday, citing the need to improve efficiency.

via Empire Aero Center cuts 35 positions – Utica, NY – The Observer-Dispatch.

 

gm4* DETROIT — Dreaded white-collar job cuts at General Motors Corp. (NYSE:GM) started Tuesday as the wounded automaker began to deliver on promises to the government to shrink its work force so it can be profitable at lower sales levels.

On Tuesday morning, GM told 160 people at its manufacturing engineering operations in Warren, Mich., that they would be laid off as of April 1, spokesman Tom Wilkinson said.

via The Canadian Press: GM begins white-collar layoffs with 160 pink slips.

 

* A majority of partners at DLA Piper’s U.S. offices will see paychecks drop by 11.5 percent this year, according to a report by The Recorder, a legal trade publication in San Francisco.

via DLA Piper to cut partner pay by 11.5% - Silicon Valley / San Jose Business Journal: .

 

kodak* Eastman Kodak is closing two divisions at its Windsor plant in a move that will eliminate 300 jobs.

The plant’s motion-picture film and lithographic plate units will be consolidated into other Kodak facilities in Rochester, N.Y. and Columbus, Ga.

via Kodak to cut 300 jobs in Windsor - The Denver Post.

 

* Subprime mortgage firm Accredited Home Lenders said it has laid off 38 at its West Chester Office, according to a filing with the Ohio Department of Job and Family Services.

via Accredited Home Lenders lays off 38 in West Chester - Business Courier of Cincinnati: .

 

angus-palm* Angus-Palm Industries told the Tennessee Department of Labor and Workforce Development Friday that it laid off 181 workers between last August and last week.

via Angus-Palm lays off a third of its work force over 7 months - WHNT.

 

* The plant, which filed for Chapter 11 bankruptcy in January, employed about 170 employees, many of whom are unionized. About 130 were called back to work last month.

via Mountain Top plant closing today | Hazleton, Pa. News | standardspeaker.com – The Standard Speaker.

 

exide-technologies* Exide Technologies has announced that it is temporarily closing its battery recycling facility in Baton Rouge, La.

via Recycling Today Magazine :: News :: Exide Technologies Idling Louisiana Battery Recycling Plant.

 

* In another blow to the region’s struggling manufacturing sector, U.S.-based Carlisle Company Inc. is closing its Brantford plant, putting 48 people out of work.

via TheSpec.com – BreakingNews – Brantford brakeshoe maker closing .

 

* Sierra Pacific Industries (SPI) says it will close its Camino sawmill by June 12. The decision affects 164 workers. Also, SPI’s mill and biomass electric power plant in Sonora are being shutdown. That closure means the loss of 146 jobs by mid-July.

via Sierra Pacific Closing Camino, Sonora Mills | News10.net | Sacramento, California | Local News .

 

* A company started in Rockford in 1984 won’t finish its 25th anniversary year here because its parent company is consolidating operations in Pennsylvania, eliminating 25 local jobs.

via ABA of America closing in Cherry Valley - Rockford, IL – Rockford Register Star.

 

* Public relations tycoon Porter Novelli shed 15 percent of its staff at its D.C. office at 1909 K Street NW, according to a report by PR Week.

via Porter Novelli cuts 15% in D.C. - Washington Business Journal: .

 

* Special Metals, a company that makes material used in airplane turbine blades, has laid off 17 hourly workers, a spokesman said Tuesday.

via Special Metals in New Hartford lays off 17 hourly workers – Utica, NY – The Observer-Dispatch.

 

* St. John’s Hospital will lay off 38 people — primarily managers — from its 3,000-member workforce “to continue to address current economic trends while positioning St. John’s for future growth,” the hospital’s chief executive said today.

 

 

- International Layoff News -

 

leoni* German automotive cable and wiring supplier Leoni (LEOGn.DE) has cut 4,000 jobs since the start of the year as it braces itself for a sharp drop in revenue and a further hit to profits in 2009.

via Leoni cuts 4,000 jobs amid 40 percent drop in sales | Reuters .

 

hsbc2* March 24 (Bloomberg) — HSBC Holdings Plc, Europe’s biggest bank by market value, may cut about 1,000 jobs in the U.K., according to a person familiar with the situation.

 

* TV3 HAS made 12 people compulsorily redundant, cut salaries and reduced its domestically produced programming in a move to trim costs.

via Compulsory redundancies at TV3 - The Irish Times – Tue, Mar 24, 2009.

 

* Three weeks after Off Haemek closed down, the decision has fallen: the bankrupt poultry slaughterhouse is heading for receivership. All of its workers will be fired with immediate effect, but that isn’t necessarily the end of the road for the cooperative, or its workers.

via All 200 Off Haemek workers to be laid off – Haaretz – Israel News .

 

* A CONFECTIONARY firm has laid off 25 staff as it battles changing buying patterns brought on by the recession.

via Staff laid off at Blackburn firm as profits fall (From Lancashire Telegraph).

 

* Finnish stainless steel maker Outokumpu Oyj (OUT1V.HE) said on Tuesday it would temporarily cut 1,830 staff at its Tornio, Finland site and halt some production due to weak demand, sending its shares lower.

 

- Hiring News -

 

* Verizon Wireless in Hanover, seeking to hire 250 customer service representatives this year, is holding an open house from 2 to 6 p.m. April 3 and from 9 a.m. to 1 p.m. April 25 at its customer call center at 7401 Coca Cola Drive, near the intersection of Routes 100 and 295.

via Now hiring: Verizon Wireless seeks 250 workers.

 

* More than 150 people will begin working to reduce wildfire danger in southwestern Oregon this spring, thanks to roughly $3 million in U.S. Forest Service contracts funded by the federal stimulus package.

 

Mike: The fine people at The 405 Club (http://www.the405club.com/) are running their first major event on March 25th (4-7pm @ The Galway Hooker Pub) called the PROJECT 405 PARTY. It’s a casual gathering with recruiters, advisers, counselors, and fellow unemployed New Yorkers. So if you are in the NYC area, stop by the event and visit with this fine gathering. Their poster follows. Please pass it along to all that may benefit and be sure to visit http://www.the405club.com/ for additional information.
-
4051

Mike: Till tomorrow..……………..

 

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

 

 

Mike: For an entertaining way to view a variety of blogs, take a look at http://alphainventions.com

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March 23 – Boeing warns another 900 – Postal Service delivers bad news to 3000 – Mitsubishi UFJ and Daily Mail to each cut 1,000 – Daewoo to dump up to 1200 – February existing home sales rise by 5.1 percent (but down 3.6% from last year)

Mike: I hope you all had a fine weekend. I wasn’t able to publish a full weekend post, but I’ll publish this a little early and update as the day moves along

Mike: The following reminds me of the AIG fiasco. Here you have the state of Nevada, which has one of the fastest growing unemployment rates and leads the country in foreclosuers, finding a way to give its executives larger salaries. In AIG’s case it’s a case of rewarding employees for driving the company into the ground and then having to exist solely on the backs of the taxpayer.  In Nevada, and I’m sure other states, you have executives that oversaw the current financial crises in employment and housing. While they may not have been able to do a great deal about the employment situation, they could have at least raised some of the many housing debacle issues, such as over development, consumer protection with mortgage writing,  and properly overseeing the housing appraisal, mortgage broker and real estate sectors. They have proved to be poor stewards yet they still think they deserve increased salaries and benefits. The AIG’ method of rewarding failure is unfortunately becoming more the rule than the exception. 

* CARSON CITY, Nev. — Gov. Jim Gibbons’s chief of staff is continuing to defend salary increases in the governor’s office, saying that overall payroll costs have been cut by 11 percent.

Some employees in the governor’s office have seen significant pay boosts but only because they were promoted to new jobs with added duties, Josh Hicks said.

via Business & Technology | Nevada governor defends pay increases to office staffers | Seattle Times Newspaper.

 

Mike: New York holds firm its reputation for having the most dysfunctional legislative body in the country asit continues to swindle the public that it serves. Say one thing and do another. Mr. Patterson and the Democrat controlled legislature were a breath of fresh air –  for about two weeks………

ALBANY — Gov. David A. Paterson, with much fanfare, last year ordered a “hard” hiring freeze to help contain costs for the deficit-plagued state budget.

But since October, more than 8,000 people have been added to the state’s payroll.

The new state workers — from college professors and snowplow operators to state troopers and even a ski school instructor — are on top of the more than 31,000 people hired during a previous three-month hiring period examined last fall by The Buffalo News during the freeze period, which began last July 30.

via Despite ‘hard’ freeze, hiring is up 8,000 : Home: The Buffalo News.

 

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

 

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

 

ibm4* The number of workers that IBM Corp. employs in the U.S. declined by about 5% last year, but the company’s overall headcount is increasing because of overseas hiring.

IBM finished 2008 with 115,000 U.S. employees, down from the 121,000 it reported at the end of 2007, according to its most recent annual report released this month. Overall, IBM finished 2008 with 398,455 employees worldwide, an increase of nearly 12,000 or about 3%.

via IBM’s workforce in U.S. declines in ’08 but grows overseas - IBM – Computerworld.

 

dell8* In a letter leaked to Microscope, Dell told its employees that it was beginning a 90-day consultation period with staff, with compulsory job losses anticipated across the board as it places priority on maintaining margins.

 

- General Economic News -

 

Existing Home Sales
[Report][djStar]
10:00 AM ET

 

Mike: These housing clowns make a small seasonal jump in housing seem like a reincarnation of the bubble years. They don’t mention that sales are down 3.6% from February 2008. Also, home sales are being driven by foreclosure sales, which is bound to keep the lid on any home price increases. While an increase in housing sales is better than a decrease, it’s the numbers behind the numbers that make the difference. Take a look at the following blog if you want the real housing story: http://thehousingbubbleblog.com/index.html. Don’t listen to the real estate mantra that demands “buy now, or be priced out forever!”

WASHINGTON (AP) — Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties.

 

Economists said sales, while still at levels not seen since 1997, may finally be coming back to life after declining sharply following the stock market plunge last autumn.

via February existing home sales rise by 5.1 percent: Financial News – Yahoo! Finance.

 

* Single family homes sales rose 4.4% in February, but are still 3.6% below year-ago levels. Prices for single family homes fell 15.0% in the year ending in February. Sales of condos in February rose 11.4%, but are still down 13.1% over the year. Prices of condos fell 18.7%.

—————————————————————————————————————————————————————————–

 

Mike: The following echos my March 13 post “Grandstanding TX gov. rejects unemployment Stimulus money,” where I discussed the bizarre actions of TX governor Perry and his refusal to accept stimulus money for the unemployed of his state. Here the NY Times puts it into perspective:

* Republican governors who have been threatening to refuse federal aid rather than sensibly expand state unemployment insurance programs are putting ideology ahead of the needs of their constituents.

The two most prominent grandstanders — Rick Perry of Texas and Bobby Jindal of Louisiana — should listen to lawmakers and taxpayers in their own states who are demanding that they do what’s best for their most vulnerable citizens.

via Editorial – While Mr. Perry and Mr. Jindal Fiddle - NYTimes.com.

 

*WASHINGTON (AP) — The Obama administration is hoping it has finally come up with the right formula to resolve the nation’s worst banking crisis in 70 years. The program Treasury Secretary Timothy Geithner will unveil Monday seeks to tap the resources of the government’s $700 billion bailout fund, the Federal Reserve and the Federal Deposit Insurance Corp., as well as private investors.

 

The goal is to buy as much as $1 trillion in bad assets that are weighing on banks’ balance sheets, stifling their ability to resume more normal lending to families and businesses. The loan crunch is depressing economic activity and making the current recession more prolonged and severe.

via Geithner to unveil plan to combat banking crisis: Financial News – Yahoo! Finance.

 

Mike: The unemployment numbers are getting to the startling stage. And these numbers are on the light side of the government estimate, since discouraged workers are not included. For if they were, the unemployment rate would likely near 20%.

* SANTA CRUZ – For the past three years, the percentage of local jobless workers in February was about the same as in January. This year, the numbers are growing – unemployment in Santa Cruz County rose from 12.6 percent to 13.1 percent.

 

* WASHINGTON, March 20 (Reuters) – U.S. employers stepped up mass layoff actions in February, government data showed on Friday, hurt by the severe economic downturn.

The Labor Department said the number of mass layoffs — defined as job cuts involving at least 50 people from a single employer — rose by 542 in February from January to a seasonally adjusted 2,769.

via US mass layoffs rise in February-Labor Dept | Markets | Markets News | Reuters .

 

Mike: Instead of those tourist bus trips to the famous digs of movie and TV stars, we now gawk at the lavishness of the corrupt banking thieves. I guess it’s not much different than taking a home tour of money criminals past, such as Bonnie & Clyde, Al Capone, Michael Milken and Ken Lay.

* The bus pulled to a stop, and a pastor whose sister-in-law was facing foreclosure, a laid-off steelworker with a wife and five children, and a few of their colleagues nervously stepped out, like sightseers in some exotic land, The New York Times’s Manny Fernandez reported from Fairfield, Conn.

The exotic land was a residential neighborhood here in one of the wealthiest places in America, Fairfield County, where, at the end of a cul-de-sac a short walk away, an executive at the American International Group lived.

via Drive-By A.I.G. Protest on Fairfield’s Elite Streets - DealBook Blog – NYTimes.com.

 

 

Tony Auth - Mar 22

Tony Auth - Mar 22

 

 

- Municipal/Government Layoff News -

 

usps1* WASHINGTON (CNN) — The U.S. Postal Service will be cutting more than 3,000 jobs and offering nearly a quarter of its work force early retirement as part of its efforts to streamline operations amid the worsening economy, the agency said Friday.

The Postal Service said work force cutbacks will save the agency $100 million annually.

Among the job cuts are 1,400 district administrative staff positions and another 1,400 mail processing and management jobs nationwide. More than 500 employees will be out of a job with the closure of six district offices that house only administrative functions, the agency said.

via Postal service to slash more than 3,000 jobs, offer early retirements – CNN.com.

 

usps* The U.S. Postal Service said Friday it will cut jobs, offer early retirement to tens of thousands of employees and close administrative offices, the latest round of cutbacks in the last year.

The Postal Service plans to close six of its 80 district offices this year, and reduce administrative staff positions at the district level by 15 percent, including 1,400 mail processing supervisor and management positions at nearly 400 facilities around the country.

via Postal Service closing offices, cutting jobs - Dayton Business Journal: .

 

Mike: With state, county and city budgets coming into focus, the potential layoff numbers are being announced. Many of these layoffs might not materialize because of stimulus money going to localities, but the layoff numbers could nonetheless be quite large as the stories below indicate:

 

* D.C. Mayor Adrian M. Fenty Friday unveiled a fiscal 2010 budget that calls for eliminating more than 1,600 jobs, freezing tax exemptions and imposing new fees to help the city close a roughly $800 million shortfall.

 

* County Executive Steve Levy sent out layoff notices to 2,200 county employees Friday and agreed to use $30 million from the county’s rainy day fund to equal what he is seeking in union concessions.

The 60-day warnings, which went out by letter, are sent to a far larger number than the 386 positions on the layoff list because the county also must notify those who would move to lower job titles under the county’s bump and retreat system.

via Levy sends layoff notices to 2,200 Suffolk workers – Newsday.com.

 

*OSHKOSH, Wis. – An Oshkosh school district official says more than 40 teachers will receive initial layoff notices Monday.

via Oshkosh schools to lay off more than 40 teachers – chicagotribune.com.

 

* FORT WAYNE, Ind. — Fort Wayne Community Schools will eliminate 49 teaching positions from next school year’s district payroll as part of a plan to cut $4 million from its budget, school officials said.

via Fort Wayne schools to cut 49 teaching jobs | thestarpress.com | The Star Press.

 

* The Collingswood Board of Education has unveiled a spending plan that calls for the elimination of 10 positions.

 

- US and some Canada News -

 

boe4* Boeing’s third round of layoffs this year will affect 710 workers in the Puget Sound area starting May 22, according to a WARN notice received by the state.

Of the workers, 458 of them are in the Machinists union, three are in the International Union of Operating Engineers, 13 are in the Society of Professional Engineering Employees and 236 are not in a bargaining unit.

via Boeing’s latest layoffs to affect 710 in Puget Sound.

 

boe5* Boeing Co. is handing out another 900 layoff notices, 650 of those to Commercial Airplane workers in the Puget Sound area.

Spokesman Tim Healy says the 60-day warnings sent out Friday will take effect May 22 or later. He says they are part of the planned 10,000 job cuts this year that Boeing announced in January.

via Boeing handing out another 900 layoff notices – BusinessWeek.

 

 

pill1* As a result, Poniard will cut eight employees, or 12 percent of its staff. It will evaluate “strategic alternatives” for the preclinical programs it’s cutting. The company did not say how much the cuts would extend its cash runway.

via Poniard cuts staff, focuses on picoplatin – FierceBiotech.

 

* After Friday night, close to 130 workers will be without a job in Chambers County. 

via Lanett Plant Prepares To Close Doors | WRBL.

 

* Otherwise production has stopped at the plant, which is scheduled to close today leaving about 75 employees jobless.

via Parkdale Mills closing plant today | parkdale, plant, employees – Local Business – Gaston Gazette.

 

* Wm. Wrigley Jr. Co. this week began laying off up to 10 percent of its corporate workforce, cuts that could lead to roughly 100 lost jobs in Chicago.

via Wrigley to layoff 10% of corporate staff – chicagotribune.com.

 

* An employee with the company tells Indiana’s NewsCenter that the company is cutting 6-percent of it’s workforce company wide.

via SIRVA Job Cuts In Fort Wayne | Indiana’s NewsCenter: Fort Wayne WPTA-TV, WISE-TV, CW, and My Network | Local & Regional .

 

* Right now, the company is asking for volunteers to accept buyout offers; That would include severance pay and extended insurance benefits. Aisin officials say, if that doesn’t work, they may have to implement involuntary layoffs; That would include limited benefits, but the potential to be rehired.

via WSIL TV • Aisin Announces Potential Job Cuts.

 

* The regional trucking arm of YRC Worldwide Inc. told customers it will shutter 11 service centers operated by its Holland brand.

The centers mostly are in the northeast but include a center in Wichita. The closings will affect 350 employees, including 20 in Wichita but none in the Kansas City area.

via YRC Worldwide to close 11 Holland service centers April 3 | Dollars & Sense.

 

newspaper25* The Denver Post’s business arm laid off 40 employees Friday as the first phase of a planned 200-worker reduction of its 1,050-person staff over the next few weeks.

via Denver Post’s business arm lays off 40; plans 200 job cuts - Denver Business Journal: .

 

newspaper27* According to an article published Friday, those leaving the company include Editor Don Nelson. Also leaving are a news assistant and two reporters who previously wrote for the Courier-Times and The Argus.

via Skagit Publishing announces staff cuts.

 

newspaper28* In addition to the 82 companywide layoffs — 60 full-time and 22 part-time employees — the Observer also plans to reduce the hours of some employees. The company’s plan to save costs also includes a one-week furlough for employees later this year if economic conditions don’t improve.

via Observer announces cuts in staff, pay | CharlotteObserver.com.

 

newspaper29* LEXINGTON, KY — The Lexington Herald-Leader has cut 15 percent of its workforce as 49 full-time and 4 part-time employees were laid-off Monday morning.

 

* Fort Smith – Another 30 to 35 workers will be laid off at the Trane Air-Conditioning Plant in Fort Smith on Monday.

via Arkansas Plant to Lay Off Dozens|Channel 7 News.

 

* Hanesbrands Inc. spokesman Matt Hall says 46 workers are being laid off from its Virginia Service Center. Separately, CPFilms says it’s axing 45 jobs. Winston-Salem, N.C.-based Hanesbrands employs about 300 people in Martinsville.

via Hanes, CPFilms announce Va layoffs -- dailypress.com.

 

* Advance Engineered Products intends to lay off 96 employees and reduce operations to a single shift.

via The Canadian Press: Saskatchewan manufacturing company to lay off one third of its workforce.

 

pick-and-shovel* FRISCO, Colo. (AP) ―The Henderson mine west of Denver has laid off 50 workers as parent company Freeport-McMoRan Copper & Gold Inc. struggles with a decrease in global demand for molybdenum and falling metals prices.

via Henderson Mine Cuts Another 50 Jobs – cbs4denver.com .

 

wind4Southwest Windpower laid off 14 workers at its Flagstaff manufacturing plant on Friday. Chief executive Frank Greco says lower-than-expected revenues over the last few months forced the company to make the move.

via Flagstaff wind turbine firm lays off 10% of workforce .

 

wind5* WEST BRANCH, IOWA: Acciona Windpower plans to cut employment by 58 at its one-year-old West Branch factory in response to slackening demand for wind turbines.

 

* About 100 positions will be lost when Air Labrador discontinues its Dash 8 regional service at the end of April.

via Layoffs coming at Air Labrador, about 100 jobs lost.

 

gavel22* Troutman Sanders said Friday that the firm will lay off associates and offer staff a voluntary buyout, which is likely to be followed by a layoff. The 778-lawyer firm also has pushed back the start date for its 2009 first-year associates to January and shaved two weeks off its summer associate program.

via Troutman Sanders to buy out staff, lay off associates .

 

gavel23* Law firm Saul Ewing said Monday it has laid off seven lawyers and seven staff members.

 

* Cost-cutting measures in the new budget include the reorganization of the Congregational Services staff group, the elimination of several staff positions, reduced travel budgets, and electronic delivery of several UUA publications.

via uuworld.org : uua cuts staff, reorganizes departments to balance budget .

 

* Bristow Group Inc (BRS.N), which provides helicopter services to the offshore energy industry, said it would reduce work force by less than 10 percent, citing challenging market conditions.

via UPDATE 1-Bristow Group to cut jobs, management salaries frozen | Industries | Industrials, Materials & Utilities | Reuters .

 

* East Providence, RI — Victoria & Co., the East Providence firm that designs, markets and distributes wholesale fashion jewelry and other products for its owner, the Jones Apparel Group, Inc., is cutting about 70 jobs in Rhode Island.

via East Providence jewelry company to cut 70 jobs - Projo 7 to 7 News Blog | Rhode Island news | The Providence Journal .

 

* LDS Test & Measurement LLC has decided to close its operations in Middleton, resulting in the loss of 51 jobs.

via Middleton firm to close, 51 to be laid off - The Business Journal of Milwaukee: .

 

* HONOLULU — The Hawaii Superferry Saturday laid off 240 employees as it prepares to shut down operations in Hawaii for the time being.

via Superferry Lays Off 240 Employees - Money News Story – KITV Honolulu.

 

* ABP Induction LLC, a Brookfield provider of induction heat treating, forging and other metal treating services, has informed the state of Wisconsin that because of various order cancellations and postponements by customers, it has laid off 31 workers at its Brookfield site.

via ABP Induction lays off 31 workers – The Business Journal of Milwaukee: .

 

pboy* NEW YORK (AP)  — Playboy Enterprises is closing its Manhattan office and laying off employees as it struggles with falling advertising revenue and a gloomy economic climate.

via 1010wins.com – Playboy Enterprises Closing NYC Offices, 100 Laid-Off.

 

* Newseum spokeswoman Susan Bennett said Monday the museum laid off 13 people last week. Combined with an earlier round of cuts in November, the museum staff has been reduced by 31 positions to 219 jobs from 250 jobs.

via Newseum makes 2nd round of job cuts: Associated Press Business News – MSN Money.

 

corning* Corning Inc. will close its Danville plant by the end of the year, putting about 200 people out of jobs.

via Corning to close Va. plant, put 200 out of jobs – BusinessWeek.

 

* Trucking company USF Holland Inc. will layoff 39 employees at its Glenmont plant on April 3, according to a notice filed with the state Labor Department today.

via USF Holland to lay off 39 - Triangle Business Journal: .

 

* “What’s happening now in retail is you’re having a dominoes effect as one goes out they’re all starting to fall,” says Sofos.

A trend not happening only in Waikiki – but across town, to both big and small businesses.

via Niketown in Waikiki to Close Store, Layoff Workers | KHON2.com – News, Sports, Weather | Local Top Stories .

 

 

- International News -

 

* TOKYO (AFP) — Japan’s biggest bank Mitsubishi UFJ Financial Group, struggling to return to profit, said Monday that it would cut 1,000 jobs and close 50 branches over three years in a bid to cut costs.

The megabank will shed the jobs through retirement and reducing hiring, said a company spokesman who declined to be named.

via AFP: Mitsubishi UFJ to cut 1,000 jobs, close 50 branches.

 

daewooDaewoo Electronics said it would slash 40 percent of its workforce, or 1,000 to 1,200 employees, and shed its unprofitable TV and air-conditioner businesses.

 

newspaper26* LONDON: The Daily Mail and General Trust said Monday it expects to shed a thousand jobs in its Northcliffe Media unit, which produces more than 110 local publications.

The trust said advertising revenues at Northcliffe Media were expected to be down 37 percent in the current quarter, worse than the group’s overall drop of 24 percent.

via Daily Mail and General Trust to cut 1,000 jobs – International Herald Tribune.

 

* Electrical retailer Apollo 2000 and gas appliance supplier Arrow Distributors have gone into administration, making 50 drivers redundant.

via Driver redundancies at Cranham Group subsidiaries - 20/03/2009 – RoadTransport.com.

 

* Levi Strauss said it has agreed with trade unions on a severance package for the 549 people who will lose their jobs by the end of June, when the factory in the southern city of Kiskunhalas is scheduled to close.

via Levi Strauss closing factory in Hungary - International Herald Tribune.

 

* Berks County-based Carpenter Technology is closing a plant in Europe as sales and operating margins fall below estimates. Carpenter says the plant in Crawley, U.K. is a metal strip manufacturing facility, and it employs 33 people.

via Berks-based Carpenter Will Close U.K. Plant : WFMZ-TV 69News.

 

* SIXTEEN workers at Gippsland Aeronautics have been made redundant.

The job cuts follow weeks of uncertainty for many of the company’s 100 employees, who were stood down five weeks ago because of a lack of work.

via Aero jobs axed - Local News – News – General – Latrobe Valley Express .

 

* Qantas, the Australian flag carrier, will this week make public a restructuring plan that includes a second wave of redundancies after an examination of the airline’s business under Alan Joyce, its new chief executive.

Staff and unions will be told the job losses are needed to match reduced capacity requirements as passenger revenues have deteriorated.

via FT.com / Mergermarket - Qantas set to axe more jobs.

 

* Following speculation around the city during the weekend, DTZ Otago branch manager Stephen Cairns was contacted yesterday and confirmed the six full-time and one part-time jobs would cease on April 17 when DTZ closed its doors.

via DTZ makes seven redundant | Otago Daily Times Online.

 

gavel21* Mayer Brown has revealed that is set to restructure its London office, a move which could see the loss of 55 jobs.

The firm is expecting to lose up to 23 associates and 32 support staff, including secretaries, as a result of the restructuring, which is likely to hit transactional areas such as corporate and real estate the hardest.

via Mayer Brown to cut 55 City jobs and freeze pay - Legal Week, legal news, comment, events and legal jobs.

 

* Renew’s specialist building division which downsized by 14 per cent last autumn is to be trimmed back by a further 23 per cent.

via Renew Holdings to cut jobs and miss profit targets | News | Construction News.

 

* South African leasing and capital equipment firm Eqstra Holdings plans to cut 7 percent of its workforce as it freezes expansion plans owing to weak demand for its products and services, it chief said.

via Eqstra to cut 7 pct of jobs, halts expansion | Reuters .

 

* Renew’s Specialist Building division – already downsized by 14% last autumn – is to suffer a further trimming back so that total capacity will be down by 37% in total.

via Renew announces second round of staff cuts in five months – 23/03/2009 – Contract Journal.

 

* It is reported that Gibraltar Industries has made significant cuts in its headquarters staff as it reels from the deep slumps in its main construction and automotive markets. As per report, Gibraltar is making the cuts to stem what company officials have predicted will be further losses during the current quarter.

via Steel Guru : Downsizing deals - Gibraltar makes deep cuts in its staffing .

 

airbus* LONDON (AFP) — Aircraft maker Airbus is to cut some 250 jobs in Britain, as struggling airlines cut their order books in response to the global economic downturn, unions and the company said.

via AFP: Airbus to axe 250 agency jobs in Britain.

 

ubs1* UBS, the world’s biggest wealth manager, has laid off a team of six private bankers in Singapore who were managing wealth for Turkish clients, sources told Reuters on Monday.

via UBS lays off six private bankers in Singapore-sources – Forbes.com.

 

* Zim Integrated Shipping Services Ltd. will cut workforce by 70 employees. It is understood that all employees which will go on early retirement are over the age of 50.

via PORT2PORT – Israel’s Trade Portal.

 

Plastics processing machinery producer Krauss-Maffei is looking to lay off 10% of its 2,000 staff, with negotiations already underway with the works council in Munich.

via Plastics & Rubber Weekly – News.

 

* Vodafone has become the latest major British employer to impose a pay freeze on its workforce.

In a telling sign of the recessionary times, the mobile giant has shelved pay rises and forbidden bonuses for its 10,000 staff in the UK.

via Vodafone to impose pay and bonus freeze on workforce | Mail Online.

 

* AROUND 80 people are expected to be made redundant from a company that makes windows and conservatories.

 

- Hiring News -

 

* With the unemployment rate in California now into double digits, the state Employment Development Department is stepping up its efforts to provide unemployment insurance benefit assistance by opening its call center phone lines from 10 a.m. to 2 p.m. on Saturdays, beginning March 21 — and by hiring 400 additional staff to keep up with demand.

via EDD hiring 400 more workers to process unemployment claims - Sacramento Business Journal: .

 

* The mutual fund company, in the midst of laying off at least 3,000 employees including analysts at its investment unit, is also hiring. The company is adding new analysts and other investment professionals, and says it plans to expand research offices in Hong Kong and Tokyo this year.

via Fidelity is hiring while laying off 3,000 - The Boston Globe.

 

The city of Albuquerque is hiring 100 people for lifeguard positions.

via City Hiring 100 Lifeguards – Albuquerque News Story – KOAT Albuquerque.

 

* Most of the returning workers are on the production side, though there’s no word on exactly how many will return to work.

via News 14 | 24 Hour Local News | Coastal | Corning hiring back some plant workers .

 

* Scheduled for the next two years, the new program is expected to help about 300 low-income young people by tacking a work component onto existing career camps.

 

 

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Mike: The fine people at The 405 Club (http://www.the405club.com/) are running their first major event on March 25th (4-7pm @ The Galway Hooker Pub) called the PROJECT 405 PARTY. It’s a casual gathering with recruiters, advisers, counselors, and fellow unemployed New Yorkers. So if you are in the NYC area, stop by the event and visit with this fine gathering. Their poster follows. Please pass it along to all that may benefit and be sure to visit http://www.the405club.com/ for additional information.
-
4051

 

Mike Luckovich - Mar 21

Mike Luckovich - Mar 21

 

Mike: A fairly active layoff announcement day, but at least the stock market reacted favorably to the Obama toxic asset feast that will make taxpayers the owner of more bank garbage. At least Spring Break is upon us, so who cares about those trivial matters. It’s time to party in in warm weather, as the following Daily Show video highlights. Enjoy your evening and till tomorrow………….

 

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

 

 

top

 

 

 

March 20 – AIG bonus fiasco continues – FedEx to chop 1,000 more jobs – Rio Tinto Alcan to can 1,100 – ThyssenKrupp to cut > 3,000 – Shut down begins and 1400 jobs ending at New Process Gear

Mike: Today is shaping up to be a quiet day on the economic report front, but layoff announcements are numerous and large this Friday.

Mike: A family emergency will prohibit me from adding any more posts until Sunday. There’s still plenty of news to digest that has occurred over the past week

 

Mike: The following story illustrates one of the reasons why so many are upset at the AIG bonuses. The union rejected a contract offer for further lowering of wages, which may or may not be a good idea (in this economy, I personally think it’s a bad idea, since you can demand higher wages when the economy improves in a couple years). These workers were being asked to rewrite a contract, so why can’t the financial destruction wizards at AIG rewrite their contracts? If they don’t want to rewrite their contracts, then they can take the same course as the union members at New Process Gear by saying no and moving on. I am constantly amazed that the financial destruction wizards feel that they need to be treated differently than other workers. With tens of thousands of Wall Street layoffs occurring over the past six months, there is certainly going to be a talent pool to choose from if those AIG wizards decide to pack their bags and move on because their bonuses were withheld

 

Union leaders spent last week explaining the agreement, which hinged on the plant’s ability to break even in operations by July, in the midst of a recession. If it did, workers would keep their wages of $20.16 per hour. If it came close to break-even, their wages would be cut to $16 per hour, and if the plant missed the mark altogether, the company would close it.

“It’s a terrible contract. I couldn’t vote for that,” said Mike Capriotti, 53, of Lyncourt, who has worked at the plant for 15 years. Capriotti was so intent on the vote that he waited at the union hall for almost three hours Tuesday evening to learn the result.

Rejecting the agreement sealed the fate of the plant’s 1,400 union and nonunion workers.

via Union workers reject contract offer; New Process Gear to wind down DeWitt operations - syracuse.com.

 

Mike: Crooks tend to keep a low profile. As you can see, there are plenty of holes in the AIG argument that the bonuses are obligated

* AIG’s initial arguments that the bonuses were contractually obligated didn’t wash with New York Attorney Bruce Blakeman, who said bonuses, by nature, are discretionary and not ironclad obligations. He said AIG should make public the terms of the contract and the names of those being employed, especially because the public is funding those bonuses.

AIG also is facing the wrath of state governments. New York Attorney General Andrew Cuomo has subpoenaed the company for documents related to the bonuses and actions in Connecticut.

via AIG bonus earners have large homes, now keep low profile.

 

Mike: And what may be the most disturbing aspect of this bonus fiasco is that so many people knew about the bonus package, but were clueless to the potential public outrage. This shows that those in government and in the financial kingdom are completely disconnected from the plight of the person on the street. They sit in their comfortable lairs and blissfully ignore those that they work for; the taxpayer.

 

 

Interviews with senior Federal Reserve and Treasury officials, as well as members of Congress, leave little doubt that the bonus program was a disaster hiding in plain sight. Mr. Geithner is not the only one who appears not to have understood the populist fury the bonuses would set off.

Career staff officials at the Treasury, Fed and Federal Reserve Bank of New York exchanged e-mail messages about the A.I.G. bonus program as early as late February, according to a person familiar with the matter. A.I.G. itself revealed the bonus plan in regulatory filings last September.

via Many in Government Knew Weeks Ago About A.I.G. Bonuses – NYTimes.com.

 

Mike: You know that your congressional representative is getting plenty of heat on an issue when they can move this fast to address an issue. We have to keepthe heat on this crowd of civil servants and make certain that they are working for the people and not just the large campaign contributors.

The second paragraph below is even more bizarre than the bonus issue. The same companies that have stolen billions of taxpayer dollars aren’t even paying their fair share of taxes! You would think that they would at least have the courtesy to pay their taxes with some of the billions they’ve been given, but then again, they feel as if they don’t need to follow the rules; only those silly people on the street below need to do that.

 

* Reporting from Washington — Struggling to keep ahead of public outrage, the House of Representatives on Thursday passed a bill to recoup the lion’s share of the $165 million in bonuses paid to executives of American International Group Inc.

But the infuriating news just kept coming. A prominent congressman said 13 financial firms that had received an injection of government money owed more than $220 million in unpaid taxes. And Citigroup Inc., which has received $45 billion in federal money, planned to spend $10 million for new offices for its top executives, Bloomberg News reported.

via House passes bill to tax AIG bonuses – Los Angeles Times.

 

 

Jerry Holbert - Mar 18

Jerry Holbert - Mar 18

 

 

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


International:
       

 

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

 

* Microsoft Corp. (MSFT) Chief Executive Steve Ballmer said Thursday he expects less acquisition activity in the economic downturn since targets will be less likely to sell at depressed valuations.

- General Economic News -

 

* WASHINGTON (AP) — Unemployment rose in all but one of the 372 metropolitan areas tracked by the Labor Department at the start of 2009 and areas of California were among the hardest hit, according to government data released Thursday.

That means jobless rates rose in January in 99.7 percent of the cities compared with a year ago. By comparison, in January 2008, one month into the current recession, unemployment increased in only 234 metro areas, or 63 percent.

Waterloo-Cedar Falls, Iowa, where the unemployment rate was unchanged at 4.4 percent, was the only metro area that didn’t see an increase. All 49 metro areas with more than 1 million people saw their rates rise in the past year, the department said.

via The Associated Press: Unemployment rises in 99.7 percent of metro areas.

 

- Municipal News -

 

* The city of West Linn laid off one employee last week to offset declining revenues in the building department.

- US and some Canada News -

 

federal-express1* MEMPHIS — FedEx’s profits have nose-dived 75 percent from year-ago levels, prompting the company to slash 1,000 more jobs and cut $1 billion in expenses.

The Memphis-based express delivery giant on Thursday reported fiscal third-quarter earnings of 31 cents per share — significantly worse than the 48 cents per share analysts predicted.

via FedEx to cut 1,000 jobs, $1 billion in expenses | www.tennessean.com | The Tennessean.

 

riotinto* Rio Tinto Limited (RIO) said its aluminium production subsidiary Rio Tinto Alcan would slash around 1,100 jobs. The measure was one of a raft of cost-cutting programmes announced by the company as the mining giant struggles with the global economic downturn.

 

magna-international* The latest closing will cost 1,400 jobs at New Process and hundreds more in companies that depend on the plant.

“Today is a very difficult morning after, after what is certainly very big news and very difficult news, not only for our employees, but for the central New York community,” D’Angelo said.

via News 10 Now | 24 Hour Local News | TOP STORIES | Shut down begins for New Process Gear .

 

magna-international1* Union leaders spent last week explaining the agreement, which hinged on the plant’s ability to break even in operations by July, in the midst of a recession. If it did, workers would keep their wages of $20.16 per hour. If it came close to break-even, their wages would be cut to $16 per hour, and if the plant missed the mark altogether, the company would close it.

“It’s a terrible contract. I couldn’t vote for that,” said Mike Capriotti, 53, of Lyncourt, who has worked at the plant for 15 years. Capriotti was so intent on the vote that he waited at the union hall for almost three hours Tuesday evening to learn the result.

Rejecting the agreement sealed the fate of the plant’s 1,400 union and nonunion workers.

via Union workers reject contract offer; New Process Gear to wind down DeWitt operations – syracuse.com.

 

boe3* Boeing is set to issue 60-day layoff notices today to about 900 employees, about 700 of them in the Puget Sound region. About 650 of the total work in the Commercial Airplanes unit.

 

* SAN FRANCISCO—Chip gear vendor Lam Research Corp. will eliminate 375 jobs, or 10 percent of the company’s workforce, as a cost-cutting measure, the company said Thursday (March 19).

 

* Bassett Furniture says in a news release that it plans to cut 50 additional jobs this year, as part of a plan to help the company save between seven and eight million dollars.

via Bassett Furniture to cut 50 jobs | WSLS 10.

 

newspaper23* The Daily News will eliminate 45 positions and cut wages for others, Publisher Patrick Doyle announced in a letter to employees.

via Anchorage Daily News to cut 45 positions - Forbes.com.

 

newspaper24* The Commercial Appeal has begun a series of layoffs delayed from earlier this month.

 

* CLEVELAND — KeyCorp this week cut 120 technology jobs, 100 of them in Greater Cleveland.

via KeyCorp cut 120 technology jobs, 100 of them in Greater Cleveland. – Business – cleveland.com.

 

gavel17* Jenner & Block said Thursday it has eliminated 34 support staff in its Chicago and Washington offices.

via Jenner & Block cuts 34 staffers – chicagotribune.com.

 

gavel18* Katten Muchin Rosenman announced today that they have laid off a total of 23 lawyers and 46 staffers, but what’s more interesting are the steps the firm says it’s taking to avoid further layoffs: namely, cutting salaries by 20 percent for associates who did not bill within 200 hours of their billable hours target (2000) in 2008.

via BREAKING: Katten Announces Layoffs, Salary Cuts.

 

gavel19* Since October 2008, Manatt Phelps laid off a total of 12 attorneys, 3 paralegals and 32 administrative staff nationwide, the firm says in a written statement provided to Above the Law.

 

* BP Amoco has announced plans to lay off 52 employees at its Naperville location beginning May 11. Employees were notified as of March 12, while Naperville City Council members learned of the layoffs in a packet that was distributed this week.

via BP Amoco to lay off 52 at Naperville plant :: Naperville Sun :: Local News.

 

* Fifty-eight people will be laid off in Sacramento, and 142 will lose their jobs in Hayward. All will receive a severance package of two months’ pay and benefits, Bernheimer said.

 

* SASKATOON — Areva Resources Canada Inc. is laying off about 100 employees after the company decided it was not economical to move ahead with mining a specific deposit at its McClean Lake property.

via Areva laying off 100 employees .

 

* MANITOWOC – Koenig & Vits, operators of the aluminum rolling mill on Mirro Drive, will begin a permanent elimination of 23 salaried and 63 hourly production employees beginning in May and continuing through July.

via Koenig & Vits to conduct ‘mass layoff’ | htrnews.com | Manitowoc Herald Times Reporter.

 

* CEDAR RAPIDS — Changes in St. Luke’s Home Care and Women’s Health Spa will affect 43 positions and leave 120 home patients needing to find alternative care.

via Service changes affecting 43 jobs at St. Luke’s | GazetteOnline.com – Cedar Rapids, Iowa City.

 

* Rourke said he couldn’t discuss a specific number of layoffs but said “the reductions have been across the board in all our businesses,” including the Marysville and Port Huron plants.

via Mueller Brass layoffs leave workers reeling | thetimesherald.com | The Times Herald.

 

* The work force reduction affects approximately 40 production workers, and was prompted by a downturn in business for the plant that produces wiring harnesses and performs cable manufacturing and custom assembly operations.

via More layoffs for Kirby Risk | www.jconline.com | Journal and Courier.

 

casino1* A total of 77 workers lost their jobs as a result of eliminating the third shift on Sundays at the Golden Moon Casino, according to Warren Strain, communications director for Pearl River Resort.

via Resort layoffs total 77.

 

* Motorsports Authentics, a joint merchandising venture by the country’s two largest speedway owners, laid off 40 employees Wednesday, said Joe Mattes, the company’s new interim president.

via Motorsports Authentics cuts 40 | www.thatsracin.com.

 

* International Paper Co. will lay off 58 at its Mount Vernon container plant as it shifts from a four-shift, seven-day-a-week operation to a three-shift, five-day operation, it has announced.

via The Columbus Dispatch : International Paper to lay off 58 at Mount Vernon plant.

 

* The release said about 60 hourly and 11 salary employees will be impacted. At its peak, the plant had more than 200 employees.

via Commercial Vehicle Grp to close Wash. state plant: Associated Press Business News – MSN Money.

 

* TERRE HAUTE, Ind. (WTHI) – Direct Brands, formerly known as Columbia House, decided to consolidate their DVD and Music Club services to a plant in Pennsylvania, resulting in layoffs.

The closing means 147 more jobs will be lost in Terre Haute.

via Former Columbia House makes layoffs.

 

* ROTHSCHILD — Wausau Homes has eliminated 79 more jobs, and its sister company WH Transportation will cut 49 positions, the company confirmed Thursday.

via Wausau Homes trims jobs | wausaudailyherald.com | Wausau Daily Herald.

 

* Tri-Rivers is telling 15 employees their jobs will be cut in an effort to cut costs. Superintendent Chuck Speelman said on Thursday that 8 non-certified and 7 certified employees would be informed Friday that their job will be cut.

 

- International News -

 

thyssenkrupp* FRANKFURT (AFP) — ThyssenKrupp plans to shed more than 3,000 jobs, a press report said on Friday, the first time a German industrial group would slash permanent posts as a result of the country’s recession.

via AFP: ThyssenKrupp to cut 3,000 jobs.

 

thyssenkrupp1* German industrial conglomerate ThyssenKrupp (TKAG.DE) plans to cut more than 3,000 jobs or about 1.5 percent of its total staff amid a slump in demand, the Financial Times reported on Friday.

The cutbacks will affect the group’s steel and car parts unit as well as its shipyards, the newspaper cited people close to the situation as saying.

via ThyssenKrupp to cut more than 3,000 jobs: report | Reuters .

 

dell7* It has been reported this morning that Dell are to cut a further 230 jobs in Ireland representing 10% of its workforce.

 

* In an interim management statement published this morning, the Cambridge-based firm said that 20 redundancies had been made in the first four months of its financial year, which began on 1 November, on top of the 200 redundancies announced at the end of October. 

via Domino announces more redundancies as sales decline | Business | packagingnews.co.uk.

 

* Says plan will lead to net reduction of 91 jobs

via BRIEF-Rhodia sheds jobs to cut costs – Forbes.com.

 

* Finnish wiring maker PKC said in a statement Thursday it would launch a round of statutory cooperation procedure talks with the aim of closing a wiring harness factory in Kempele in Finland with the loss of up to 226 jobs.

via NewsRoom Finland.

 

gavel20* Mayer Brown has begun a second redundancy consultation which will lead to the loss of up to 55 jobs in London while associate pay will be frozen.

 

- Hiring News -

 

* The FBI announced a hiring blitz in January to fill more than 2,100 professional staff positions. The job postings run the gamut from scientists to accountants to auto mechanics. In addition, the bureau said it wants to hire 850 FBI agents.

What happened next caught many at the FBI by surprise. More than 270,000 people applied over about six weeks. The FBI said about 70,000 people seek positions in a normal year.

via FBI gets 270,000 applications for 3,000 jobs - CNN.com.

 

* Another Columbia Falls lumber mill plans to resume operations after a layoff.

Officials with F.H. Stoltze Land & Lumber Co. plan to restart its sawmill next Monday, after a seven-week shutdown.

via Business & Technology | Another Columbia Falls lumber mill to restart after layoff | Seattle Times Newspaper.

 

 

Mike: A  family emergency will prohibit me from adding any more posts until Sunday. There’s still plenty of news to digest that has occurred over the past week. …………….

 

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

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March 18 – Road Home cuts 516 in La. – Fujitsu cuts 2,000 jobs in RP – U.S. mortgage applications rise – AIG chief to defend bonuses before Congress today

Mike: Wednesday started out quiet and remained that way. This has to be the quietest weekday for layoff announcements in a couple of months. If this is a trend, it’s a trend we can all live with.
-
Mike: The fine people at The 405 Club (http://www.the405club.com/) are running their first major event on March 25th (4-7pm @ The Galway Hooker Pub) called the PROJECT 405 PARTY.  It’s a casual gathering with recruiters, advisers, counselors, and fellow unemployed New Yorkers. So if you are in the NYC area, stop by the event and visit with this fine gathering. Their poster follows. Please pass it along to all that may benefit and be sure to visit  http://www.the405club.com/ for additional information.
4051
-
* Larger layoff announcements and important economic reports:
US/Canada

International:
                

 

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

 

ibm3* International Business Machines (IBM) may buy Sun Microsystems (JAVA) to bolster its position in the server market. If so, it would end the smaller company’s years of poor management, layoffs, and pain for shareholders.

- General Economic News -

 

MBA Purchase Applications

[Report][Bullet7:00 AM ET

* NEW YORK (Reuters) – U.S. mortgage applications surged in the latest week, driven by a spike in demand for refinancing as the average rate on 30-year fixed-rate home loans fell, the Mortgage Bankers Association said on Wednesday.

via U.S. mortgage applications spike on refinance demand | Reuters .

*Consumer prices rise in Feb. by largest amount in 7 months as gasoline, clothing prices jump
Mike: This should be an entertaining Congressional questioning:
* WASHINGTON (AP) — The head of insurance giant AIG goes to Capitol Hill this morning, where he’ll reluctantly defend millions of dollars’ worth of bonuses doled out to employees despite the company’s need for a $170 billion government bailout. Edward M. Liddy, who took over AIG last fall, says the bonus payments, while “distasteful,” had to be paid.
Mike Luckovich - Mar 17

Mike Luckovich - Mar 17

- Municipal News -

 

* CLIFTON PARK The Shenendehowa school district is looking to shed 46 jobs as the nation’s economic problems are even reaching into the normally prosperous suburb.

via Shenendehowa looks to cut 46 jobs -- Page 1 — Times Union – Albany NY.

 

* The Delaware River and Bay Authority will freeze wages, eliminate 14 jobs and cut its donations to local nonprofits this year to cope with the economic downturn, officials decided Tuesday.

via DRBA to freeze wages, cut jobs | delawareonline | The News Journal.

 

* EAGLE POINT — Twenty-eight Eagle Point School District employees received pink slips Monday in preparation for what is expected to be a difficult financial year in 2009-10, employees said Tuesday.

via MailTribune.com: Eagle Point schools to cut 28 workers.

 

* The new school budget, which totals $96,049,345, includes a 2-cent school tax increase and eliminates 11 district positions, all of which are currently filled.

via Millville BOE axing 11 jobs – NJ.com.

 

* ELLENSBURG — Six Kittitas county employees will be out of a job by the end of this month.

via KAPPTV.com.

 

Mayor Jonathan Weinzapfel said the city will cut 12 jobs. He said most of those will be made by eliminating open positions.

via NEWS 25 – WEHT: Evansville, Henderson, Owensboro.

 

* Last week, the city’s utilities department laid off 15 employees, and six new employees still in their probationary period were let go. Eleven other workers were reassigned within the department. Officials said the cutback is due to lack of work for utility hookups in new homes, not the anticipated $10 million shortfall in next year’s city budget.

 

- US and some Canada News -

 

Mike: I’ve noticed over the last couple of months that a number of these temporary layoffs (2 stories below)  have turned into permanent layoffs

* Signature Aluminum has notified government officials that it is closing its plant in Mercer County by the end of the month, eliminating about 300 jobs.

The company said about 275 workers were already in temporary layoff from the Greenville plant because of a drop-off in orders and the deteriorating economy

via Mercer County aluminum plant closing.

 

* MARATHON, Ont. – Marathon Pulp Inc. told its workforce of about 240 Tuesday that its pulp mill is going bankrupt and won’t be seeking an extended 30-day protection period from creditors.

via Marathon Pulp Inc. closing for good - The Sault Star – Ontario, CA .

 

siemens1* Siemens Energy Inc. is laying off 75 workers in Churchill and throttling back its fuel cell business that was launched by Westinghouse Electric Corp. more than a generation ago.

via Siemens Energy to lay off 75 in Churchill – Pittsburgh Tribune-Review .

 

* Ramtron International Corp. laid off 21 people last week as part of a restructuring to free up cash for manufacturing equipment that will be used in an IBM Corp. plant in Vermont to produce new lines of semiconductors.

 

* DALLAS — What began as a curtailment several weeks ago ended as a closure Tuesday.

Weyerhaeuser announced Tuesday morning that it is closing its Dallas mill, effective immediately. Workers were notified as they arrived to work at 6 a.m.

via Dallas mill closure puts 78 out of work | StatesmanJournal.com | Statesman Journal.

 

* ICF International Inc., the company that managed Louisiana’s $7.8 billion Road Home program, will cut 516 jobs beginning next week.

 

* General Motors (GM) will close its assembly plant in Orion Township, Michigan, for three weeks beginning later this month. The Detroit News reports on its website that the plant, which employs 3,200 workers, will close on March 30 and stay shut until April 20.

 

* Johns Manville, which manufactures glass fibers for gypsum wallboards, is laying off 68 people at its Etowah plant between April 1-30; Eclipse Manufacturing, which makes custom-formed parts for the automotive, recreational vehicle and other industries, is closing its Pikeville facility and laying off 50 people between April 24-May 1, and Clinicient Inc., which offers management software and billing services for physical therapy clinics, is closing its Mountain City facility and laying off 19 people effective April 30.

via Three East Tennessee companies cut 137 jobs : Business : Knoxville News Sentinel.

 

* NEWPORT NEWS, Va. – Hampton Roads latest job cuts are coming from a surprising source.  Riverside Regional Medical Center in Newport News just eliminated 23 jobs.

via Job Cuts At Riverside.

 

* WAUPACA — ThyssenKrupp Waupaca, a foundry that employs close to 1,400 people in Waupaca, today announced plans to lay off 160 workers effective April 3.

 

* ROCHESTER (KTTC-DT) — Crenlo will lay off an estimated 55 more employees at its Rochester manufacturing plants this Friday.  The latest cut in the work force at Crenlo follows two other recent layoffs in the past six weeks.

via KTTC Rochester, Austin, Mason City News, Weather and Sports -Ax falling again at Crenlo in Rochester.

 

* Churchill Corp. (TSX: CUQ) is cutting about 30 staff at its Triton industrial construction division and closing its Bonnyville maintenance operation.

via Triton slashes 30 area jobs .

 

* Three positions will be eliminated amidst a reorganization effort in the Central Michigan University Public Relations and Marketing department.

via Three jobs cut from university public relations - News.

 

* Solar energy company Energy Conversion Devices in Rochester Hills plans to lay off 70 workers, slow down production at its Auburn Hills plants and delay hiring new employees at its new Battle Creek solar cell manufacturing facility.

via Solar cell firm to cut 70 jobs | detnews.com | The Detroit News.

 

*  Belden Inc. said it will close its Midlothian, Va., manufacturing plant by July, resulting in the elimination of 45 positions.

via Belden to close Virginia plant, eliminate 45 jobs - Forbes.com.

 

Thermo Fisher Scientific of Fitchburg has cut 22 jobs, reducing its work force of 450.

via WISCONSIN STATE JOURNAL.

 

* The California Redwood Co. and Green Diamond Resource Co. would make significant cuts to their workforce due to continued poor demand for lumber and wood products, as Times Standard informed Lesprom Network.

via Green Diamond and California Redwood cut 85 workers – Lesprom Network.

 

* DuPont has cut its Town of Tonawanda work force by 29 jobs, less than the number estimated by the company when it disclosed its plans for reductions last December.

via DuPont cuts 29 jobs in Tonawanda : Business : The Buffalo News.

 

* Hawaii Superferry officials said they will start laying off employees Friday after the company suspended operations last night.

via Superferry to start laying off employees Friday - Bulletin – Starbulletin.com .

 

* ELGIN, Ore. (AP) – Boise Cascade says it’s curtailing production at its Elgin stud mill, and about 30 workers will be laid off.

via KTVZ.com Central Oregons News, Weather and Sports Leader - Boise Cascade announces 30 layoffs in Elgin.

 

* About 45 Roseburg employees will be laid off indefinitely. The company also plans to lay off 43 employees at its Glendale plywood mill and 24 at its other divisions.

via Swanson Group announces 112 layoffs | The News-Review – NRtoday.com.

 

* Another 17 pink slips were handed out this week at Garlock Sealing Technologies, part of what company officials said is their strategy to get through the economic downturn.

via Layoffs continue at Garlock – Canandaigua, NY - MPNnow.

 

WestPoint Home Inc., a textile manufacturer in Biddeford, laid off at least a dozen people last week, according to Richard Fifield, director of the Springvale CareerCenter.

via Mainebiz.

 

* WICHITA – ICM sliced its work force by about 25 percent Tuesday when the Colwich-based company announced it was laying off 98 employees effective immediately.

via ICM lays off 98 workers | Wichita Business – Kansas Business | Wichita Eagle.

 

* LENOX — Shakespeare & Company is laying off seven employees, reducing two others to part-time, and instituting a 10 percent pay cut for the remaining 41 year-round staff as part of a restructuring plan to save $900,000.

via Shakespeare & Co. trims staff, salaries – Berkshire Eagle Online.

 

* SACO — Another 180 people are out of work with the closing of Wood Structures Inc.’s manufacturing plant here and its offices in Biddeford on Monday.

via SACO Wood Structures closes up shop.

 

newspaper21* COLUMBUS, Ga. (AP) — The Columbus Ledger-Enquirer in Georgia says it is eliminating 20 positions.

via The Associated Press: Columbus, Ga., newspaper to eliminate 20 positions.

 

* SOUTH KINGSTOWN – APC by Schneider Electric plans to eliminate about 75 jobs at its manufacturing facilities in Rhode Island and transfer another 25

via APC to idle 75 workers, transfer 25 - PBN.com – Providence Business News.

 

* ChaCha, the expert mobile search service we profiled back in 2007 at South by Southwest, has just laid off one-third of its staff (about 25 people) and cut the remaining employees’ salaries,

via ChaCha Lays Off One-Third of Staff - AppScout.

 

Robert Bosch LLC is planning to shut down some operations at its North Charleston plant for a week during each of the next three months.

via Charleston Regional Business Journal | Charleston, SC.

 

cat7* Caterpillar Inc.’s plant near Jefferson will close by the end of June, leaving its 89 employees without jobs, according to plans the heavy equipment manufacturer announced Tuesday.

via Jefferson plant will shut down |adam.thompson@onlineathens.com.

 

sonoco* HARTSVILLE, S.C.–(BUSINESS WIRE)–Sonoco (NYSE: SON), one of the largest diversified global packaging companies, announced today that it will permanently close its Lancaster, Ohio, uncoated recycled paperboard mill, effective May 16, 2009, according to James Harrell, division vice president and general manager, Paper North America.

via Sonoco Closing Lancaster, Ohio Paperboard Mill.

 

Mike: I hate to see anyone lose a job, but I had the worst flower delivery adventure from FTD that I ever had with any flower delivery company. Lousy customer service and even lousier flowers:

* Flower-delivery company FTD Group’s West Coast owner, citing the slowing economy’s hit to consumer spending, disclosed in a regulatory filing that it is cutting 50 FTD jobs, most of them in the subsidiary’s Downers Grove headquarters.

via 50 jobs cut at FTD — chicagotribune.com.

 

* WAUPACA — ThyssenKrupp Waupaca, a foundry that employs close to 1,400 here, today announced plans to lay off 160 workers effective April 3.

via ThyssenKrupp Waupaca to cut 160 jobs | Postcrescent.com | Appleton Post-Crescent.

 

*More workers from Buchanan Forest Products have received layoff notices, the company’s owners announced.

Included in the layoffs are management, engineering and maintenance staff. More than 40 people have lost their jobs as a result of these layoffs.

via 91.5 CKPR .

 

* The company has announced it will lay off 70 employees by merging work at two Auburn Hills solar-laminate production facilities into one. It will also begin a two-week production hiatus on Sunday.

via Energy Conversion Devices cuts 70 employees - Detroit Business News and Information – Crain’s Detroit Business .

 

* The recent layoffs at St. Mary’s Innovis in Detroit Lakes eliminated 19 jobs, with most of the cuts involving part-time positions.

via Detroit Lakes St. Mary’s Innovis lays off 19 as more put off health care |  Park Rapids Enterprise  | Park Rapids, Minnesota .

 

* Lynchburg, VA – More layoffs in our area, this time at American Hofmann in Lynchburg. The company’s president tells us 20 people were let go on Friday,

via Layoffs at American Hofmann|ABC 13.

 

* The recession has claimed another victim as Marathon Equipment Co. announced yesterday that it is permanently shutting down its Clearfield operations.

Seventy-one full-time employees work at the factory that manufactures compactors and containers for the recycling industry.

via The Progress News: Marathon Equipment closing; 71 jobs will be lost.

 

 

- International News -

 

* MANILA, Philippines – TDK Fujitsu Philippines Corp. (TFPC), which makes magnetic recording heads for computer hard disk drives, said it laid off 2,000 workers in its Biñan, Laguna facility.

via GMANews.TV – Laguna-based TDK-Fujitsu cuts 2,000 jobs - Business – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA.

 

* UK unemployment has risen above two million for the first time since 1997, official figures have shown.

During the three months to January, the number of people unemployed totalled 2.03 million, up by 165,000, said the Office for National Statistics (ONS).

via BBC NEWS | Business | Unemployment passes two million.

 

* “We have reduced pagination from 42 in July last year to 32 now. So we need to reduce manpower proportionately,” Rao said. DNA employs 850 people across five editions—Mumbai, Bangalore, Pune, Ahmedabad and Jaipur.

via DNA To Cut 30-35 Jobs; Revenues Grew 24% Y-O-Y, Says CEO Rao | contentSutra.com .

 

* Christchurch-based water jet manufacturer CWF Hamilton said yesterday it had chosen 28 of its 218 workers for redundancy based on the skills needed by the business. All those made redundant had been permanent employees.

via Redundancies ‘based on skill’ - Business – NZ Herald News.

 

* Eight people have been made redundant from a long-established Dereham law firm.

Hood Vores and Allwood Solicitors, which has offices in Dereham and Aylsham, this week announced the redundancies which were finalised at the end of last week.

via Dereham Times - Law firm makes eight redundant .

 

* March 18 (Bloomberg) — Sony Corp., the world’s second largest consumer-electronics maker, plans to cut jobs in the U.K. as part of its reduction of 8,000 full-time positions globally at its electronics operations.

via Sony Plans U.K. Job Cuts as Part of Global Reduction of 8,000 – Bloomberg.com .

 

* Telstra is to cut 150 jobs from its Sensis unit, the Community and Public Sector Union said today in an e-mailed statement.

via Telstra to cut 150 jobs at Sensis, says union : thewest.com.au.

 

* The Sunrice company owned by Riverina and Murray ricegrowers says it is having to do further downscaling and 36 jobs are being cut.

via Sunrice cuts 36 jobs - ABC News (Australian Broadcasting Corporation).

 

* In total, 130 staff at Panasonic Semiconductor Asia will be laid off, according to executive secretary of the United Workers of Electronics and Electrical Industries Halimah Yacob. While the bulk are rank-and-file workers, 30 are from the ranks of professionals, managers, executives and technicians. About 50 are foreigners.

 

- Hiring News -

 

* Owings Mills, MD (PRWEB) March 18, 2009 — While many jobless Americans are drowning in debt with limited prospects for employment, American Pool Enterprises, Inc. is throwing out a life ring by hiring 3,300 employees during this current economic crisis. Offering flexible hours and full and part-time positions, the company hopes to help those in need of work by providing a rewarding job opportunity. Employment as a lifeguard is available to anyone at least 15-years-old who becomes certified by a nationally recognized program. American Pool Enterprises, Inc. offers free training and certification to all its employees.

via American Pool Enterprises, Inc Makes a Splash by Hiring 3,300 Employees During Recession.

 

Mike: This was a very quiet Wednesday and I hope it continues. While there were a number of smaller layoff announcements, the larger announcements were missing. For those of you who lost jobs today, I wish you good fortune in finding another. Maybe business are rethinking their layoff planes, but it’s only been one day. I guess I have a bit of optimist in me today! Till tomorrow……………..

 

more about “Colbert Aluminum – Cigar Nubs, Faux P…“, posted with vodpod

 

 

 

Tom Toles - Mar 18

Tom Toles - Mar 18

 

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