January 20 – IBM posts strong earnings; no job cuts? – BOA to cut 4000? – Update: Clear Channel to cut 1850 – Bell Alliant hangs up on 500 – Warner Bros. slashes 800 jobs – 900 gone at Rohm and Haas – 150 less at Clipper Windpower – AA trims 170 in KC – 15,000 to go at Germany’s Metro – Billiton removes 6000

Mike: Today is Inauguration Day and I wish Mr. Obama good fortune and godspeed in addressing the deteriorating economic picture.He will need the help of many to solve the crises at hand, since it took so many to get us to this point. Hopefully he pushes the correct buttons and that positive results are soon to follow. If the economy and employment begins to improve in late 2009 or early 2010, then that would be considered a very successful start for his presidency. Unfortunately, Mr. Obama has to have the assistance of congress to quickly pass his proposed legislation, but as congress has shown with the passing of the $700 billion bailout funding bills, that it is not up to the task of passing  effective legislation. Let’s hope that congress changes course and becomes more of a representative body that is accountable to the voter and not the campaign funding lobbyists

The inaugural speech:

 

Mike: As always, if you know of layoff news or announcements that have not made this list, feel free to drop me a note and I’ll post them.

 

Microsoft/Google/IBM and other News & Rumors

 

* RESEARCH TRIANGLE PARK, N.C. – IBM (NYSE: IBM) discloses fourth-quarter earnings after the markets close today, and many Big Blue workers as well as several analysts expect the world’s largest technology firm to announce big layoffs.

One e-mailer to The Skinny simply noted: “Here it comes.”

“IBM is famous for its aggressive cost-cutting, and some analysts believe big job cuts could be coming,” The Associated Press wrote in its IBM earnings preview. “IBM has declined to comment on any possible layoffs.”

via It’s IBM earnings day – Is big layoff announcement coming? :: WRAL.com.

 

* Microsoft tightens its belt, but still no layoffs announced

Microsoft is not renewing leases on a number of its Seattle area properties and is postponing construction on several planned buildings to help trim costs, the Seattle Times is reporting.

The Microsoft bean cutters also allegedly have looked at other services (catering, composting, the Connector wifi bus) they could chop to save money, the Times said. But right now those “perks” seem safe. (Whew — I was really sweating over the Corporate Shuttle getting cut!)

via Microsoft tightens its belt, but still no layoffs announced | All about Microsoft | ZDNet.com .

 

* The recession had to hit the biggest IT companies, too, including Microsoft. The titan is considering “significant workforce reductions” across multiple divisions, according to an article in the Wall Street Journal last week. Citing unnamed sources it claimed were familiar with Microsoft’s plans, the newspaper said the company is considering “significant workforce reductions” across multiple divisions, but it did not specify the number of workers who would be affected.

 

* Bank of America is expected to make several thousand employees in its capital markets businesses redundant, starting this week, executives familiar with the matter said.

The cuts, most of which are expected to be in New York, come three weeks after BofA acquired Merrill Lynch. They reflect the consolidation of the bank’s sales and trading businesses under the control of Tom Montag, who joined Merrill last year from Goldman Sachs.

According to a Merrill executive, the capital markets headcount of the combined banks is expected to be reduced by between 30 and 40 per cent, meaning the number of job cuts could reach about 4,000. Banc of America Securities employs between 4,000-5,000, while at least as many are believed to work in Merrill’s capital markets divisions, bank executives said.

via FT.com / UK – BofA set for further job cuts.

 

* IBM is expected to announce thousands of US job cuts, either along with fourth quarter results due out later today or within the next few days.

IBM’s fourth quarter results are expected to reflect how badly the company has been hit by the uncertainty about technology spending in the global economic downturn.

via IBM job cut announcement imminent | 20 Jan 2009 | ComputerWeekly.com.

 

* Today we hear word that more of the 1,000 cuts announced back in December at Electronic Arts are about to hit.

The latest rumor is that Blackbox, the folks behind the Need for Speed franchise and others, are next on the chopping block, with the layoff axe cutting into the studio as early as this week.

From all that we’ve gathered and seen over the past month or so, it looks like the cuts announced back in December are a trimming of most departments and studios, rather than deep cuts in any one place.

via Rumor: Announced EA Layoffs Coming to Blackbox.

 

* IBM on Tuesday reported fourth-quarter fiscal 2008 revenue of US$3.28 per share, a 17 percent increase year-over-year, but said total revenues for the quarter dropped 6 percent to $27 billion.

 

General Economic News

 

Mike: Today’s big economic news in the jobs front will take place after 4:00 pm when IBM reprots earning and possible layoff plans. For a list of today’s earnings reports, see:  US Earnings: Company Earnings Calendar – Yahoo! Finance.

 

Mike: As the below article indicates, the financial condition of other states is so poor that New York state looks like a nice place to live, financially. Being from upstate, I know how bad it would have to get to keep people from moving to other states. While New York can be a great place the live, the combined property, income and sales taxes are outrageous.

* In what may prove a silver lining in the latest economic black cloud, New York lost fewer residents to other states in 2007-8 than during any year in at least a generation.

Between July 1, 2007, and July 1, 2008, New York recorded a net loss of 126,000 residents to other states — meaning 126,000 more people moved out than moved in — according to an analysis by demographers at Queens College.

Some 257,000 people moved away during those 12 months, the analysis showed, about half the peak of 521,000 in the same 12 months spanning 2005-6. It was the first time the number dipped below 300,000 since the Census Bureau began measuring the annual flows in 1982.

via As Economy Stalls, Fewer New Yorkers Moving Out of State – NYTimes.com.

 

* Highly skilled graduates are negotiating a changed recruiting landscape as they seek work in a technology industry roiled by uncertainty and job cuts.

While there is a perceived hiring freeze at many major local tech employers, such as Microsoft, candidates with the right skills are still finding placements, though it’s taking longer.

“Microsoft is still hiring, but they’re being really selective in who they hire,” said Andrew Putnam, who expects to finish his doctorate in computer science at the University of Washington in March and is looking for an opening at Microsoft or another major tech name.

via Business & Technology | Lower demand for MBA and tech grads, but jobs are out there | Seattle Times Newspaper.

 

* Jan. 20 (Bloomberg) — China’s official urban unemployment rate jumped for the first time since 2003 and may climb to an almost 30-year high as exports slump and a slowdown deepens in the world’s third-biggest economy.

Registered unemployment rose to 4.2 percent as of Dec. 31, Yin Chengji, spokesman for the Ministry of Human Resources and Social Security, said in a transcript of a press briefing in Beijing today. It was 4 percent three months earlier.

via Bloomberg.com: Asia.

 

* Chrysler LLC and Fiat SpA (F.MI) announced a potential partnership that would give the Italy-based Fiat a 35% stake in the third-largest U.S. based auto maker.

Fiat would give Chrysler access to its latest technologies including powertrain, components and fuel-efficiency systems in lieu of a cash investment, the two companies said Tuesday. The deal would allow both companies to access each other’s distribution networks in their respective markets.

via 2ND UPDATE: Chrysler, Fiat Seek Alliance; Sign Non-Binding Pact.

 

* A report prepared for the U.S. Conference of Mayors forecasts that Houston will shed some 43,800 jobs in 2009, a decline of 1.7 percent.

 

– Municipal News –

 

* Palm Beach County school administrators are offering a telling caveat to anyone hired by the district this school year: “There would be no assurances for next year,” said Chief Operating Officer Joe Moore.

“We’re trying to put everything in place so we can protect people who’ve been with us for a while.”

via Palm Beach County school district braces for likely layoffs in 2009-10.

 

* Due to a drop-off in development fees, Washington County’s Department of Land Use and Transportation’s current planning section has instituted a hiring freeze and is implementing a reduced work week. The drop-off in development fee generation is the result of a slowdown in construction activity.

via Article Details – Daily Journal of Commerce..

 

* Essex County Executive Joseph N. DiVincenzo, Jr. presented the county’s proposed 2009 budget last Thursday, Jan. 15, including plans to eliminate 219 positions, freeze all salaries, and seek the county’s 3,500 unionized employees to pay a portion of their medical benefits and prescription drug costs.

via Essex County plans cuts and freezes, along with a $14 million tax increase .

 

* Nashville-based Choice Food Group Inc. is shedding 65 Nashville workers, according to the Tennessee Department of Labor.

via Nashville’s Choice Food Group to cut 65 jobs: bizjournals.com Business News – MSN Money.

 

* Excela Health has announced the furlough of 70 management and staff positions – the equivalent of 60 full-time jobs – as the region’s health care market shows signs of increasing stress.

The layoffs represent less than 2 percent of the network’s 5,000 employees, according to Excela, which announced the reduction late Friday, and employees have been offered severance based on length of service.

via Excela Health to lay off 70; Butler Memorial furloughing 18 – Pittsburgh Business Times: .

 

* Fort Worth-based ACME Brick temporarily will close its McQueeney plant near Seguin next month because of the downturn in residential construction, according to a report in the Seguin Gazette-Enterprise.

ACME said it will begin closing the plant at the end of February, and it will remain closed until at least mid-2010.

The number of workers affected wasn’t disclosed, and a company spokesman couldn’t be reached for comment late Monday.

via ACME Brick to close plant.

 

US and some Canada News –

 

* Slightly a month after announcing the closing of its plant in North Manchester, Dexter Axle announced plans to close another plant.

The firm’s Elkhart plant will close by July. The plant employs 90 workers.

Dexter human resources director Jessica Shetterly said the July closure is part of a plan to consolidate four northern Indiana plants into two at Albion and Fremont.

via The Wabash Plain Dealer Online.

 

* By the end of January, Wheaton Franciscan Health Care will eliminate approximately 100 more positions, bringing the total number of layoffs at the hospital system to 250 since September, officials said Monday.

via Wheaton adds to system layoffs – The Business Journal of Milwaukee: .

 

* RAVENSWOOD, W.Va. (WSAZ) — At least 120 workers at Century Aluminum will be laid off at the end of the month, according to the Ravenswood Mayor.

Lucy Harbert tells WSAZ.com these workers were part of a line that is no longer in production, but the company was hoping to find other work inside the plant for these workers.

via 120+ Layoffs Announced at Century Aluminum.

 

* SHADY GROVE, PA. — A spokesman for Franklin County’s third-largest employer confirmed Monday that the number of jobs being cut at its plant more than doubled since the announcement a month ago.

Manitowoc Crane Group told 305 production workers and 10 salaried employees on Friday that they were being laid off due to a decreased demand for mobile cranes.

via News: Manitowoc doubles layoffs to 315.

 

* Skittish boat buyers and a scarcity of loans for dealers have halted the steady growth in the state’s boat-building industry, bringing grim reports of layoffs and bankruptcies along the state’s 400 miles of prized coastline.

The most recent setback came Friday, when Pearson Composites dismissed nearly half its work force amid slumping sales. The Warren-based company, founded in 1968, is down to 60 employees

via Pearson lays off half its workers, citing sales drop | Portsmouth | projo.com | The Providence Journal .

 

* Sailboat maker Pearson Composites has laid off nearly half its workforce, as the economic downturn dries up orders for recreational craft.

Fifty of the company’s 110 employees were dismissed on Friday. Pearson, founded in 1968, at one time had as many as 150 workers. “It’s saddening,” Chief executive officer Patrick T. Burke told The Providence Journal today.

via Orders drying up, Warren boat builder lays off 50 – Projo 7 to 7 News Blog | Rhode Island news | The Providence Journal 

 

* Sioux Falls-based Egger Steel Company said today it plans to layoff 22 employees or about 20 percent of its workforce before the end of January.

via Egger Steel in Sioux Falls to lay off 22 | argusleader.com | Argus Leader.

 

* GRENADA, Miss. (AP) – Grenada Lake Medical Center has laid off 14 employees.

Hospital CEO Chip Denton says none of employees worked directly with patient care. He says the hospital is trying to protect patient care positions.

via WREG-TV Memphis – GLMC lays off 14 employees.

 

* VANCOUVER — B.C. Ferries has laid off some of its managers and sent others back to sea — all due to tough financial times and falling ridership, according to internal memos obtained by The Province.

A bulletin sent to the fleet Tuesday by chief operating officer Mike Corrigan names 12 employees — some of them senior managers — who “have left the company” and says that “over the next few weeks, further adjustments in roles and responsibilities may be required.”

via B.C. Ferries lays off managers over tough economic times .

 

* Rohm and Haas Co (ROH.N) said on Tuesday it plans to cut 900 jobs, freeze employee salaries and restructure its manufacturing base, in a bid to tackle the slump in demand and widespread market weakness.

The chemical maker, which is in the process of being acquired by Dow Chemical Co (DOW.N), said the moves build on the restructuring actions the company announced in June 2008. At the time, Rohm and Haas said it would reduce production and cut about 925 jobs.

via Rohm and Haas plans to cut 900 jobs | Reuters .

 

* Tandy Brands Accessories (TBAC.O) will slash about 17 percent of its salaried headcount as part of its cost-cutting efforts and realign its operations to focus on key products such as belts, small leather goods and gifts.

via UPDATE 1-Tandy Brands to cut 17 pct jobs; realign ops | Industries | Consumer Goods & Retail | Reuters .

 

* GLENDON | Air Products and Chemicals Inc. is sharply reducing operations at an electronic chemicals plant here, eliminating about 40 jobs.

via Air Products to cut 40 jobs, scale back operations at Glendon manufacturing plant – lehighvalleylive.com.

 

* LONDON, Jan 20 (Reuters) – Alcan, the aluminium unit of mining group Rio Tinto, plans to cut another six percent of output and will shed 1,100 employees to cut costs following a slide in metals prices, the firm said on Tuesday.

The move by the Canada-based firm will bring the total production cuts to 450,000 tonnes, or 11 percent of total annual capacity.

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

 

* BREWER, Main — A local automotive parts company that employs 127 people in eastern Maine announced that it will be completely phased out by mid-2010 in yet another ripple effect of the sagging national economy.

via Brewer auto parts plant to close in 2010 – Bangor Daily News.

 

* Interwoven, a known player in the Enterprise Content Management (ECM) market, has recently announced a round of layoffs for 2009.

To reduce costs, the company plans to eliminate approximately 70 positions across all functions and cut down on using contractors and consultants. The company had 1,012 employees worldwide as of December 31, 2008.

via Interwoven Layoffs: About 70 Positions to be Cut – CMSWire.

 

* Clayton Homes, the nation’s largest maker and financer of prefab and mobile homes, is laying off 135 workers from its manufacturing facility in Giles County — about 1 percent of the county’s total workforce.

via Clayton Homes cuts 135 jobs in Giles County – Nashville Business Journal: .

 

* MADISON, Wis. – The publisher of the Wisconsin State Journal and The Capital Times in Madison says it will cut 12 positions.

via Madison newspapers to cut 12 positions — chicagotribune.com.

 

* Update: Bose Corp., a Framingham company known for its audio products, confirmed news reports that it is cutting 1,000 jobs, or about 10 percent of its work force, as it seeks to adapt to a global economy in recession.

via Bose confirms layoffs – Daily Business Update – The Boston Globe.

 

* SPARTANBURG, S.C. (AP) — Spartanburg-based Milliken & Co. plans to close a textile plant in Barnwell County later this year, putting about 120 people out of work.

via Layoffs to begin Thursday at Milliken plant / – Augusta, North Augusta, Evans, Martinez, Thomson, Lincolnton, Waynesboro, Edgefield, Barnwell and more .

 

* Platte County is about to lose almost 200 jobs.

According to American Airlines spokesperson Tami McLallen, on Friday, Jan. 16, American Airlines will lay off 170 workers at its main overhaul base at Kansas City International Airport as part of a planned staff reduction.

via American Airlines to lay off 170 employees in K.C..

 

* BLUE HILL, Maine — Hoping to stem an ongoing financial crisis, officials at Blue Hill Memorial Hospital announced Tuesday that they have laid off 15 staff members.

via Blue Hill hospital lays off 15 – Bangor Daily News.

 

* WESTFIELD – H.B. Smith Co. will soon stop making boilers at its Westfield factory after 156 years in business.

“We’re just suffering from the times,” said company chief operating officer Wayne R. Walker.

via H.B. Smith to stop making boilers – MassLive.com.

 

* Epic Energy Resources Inc. said Tuesday that it plans to cut about 6 percent of its overall work force in an effort to reduce operating expenses.

The Woodlands-based Epic and its subsidiaries, Carnrite Group, Pearl Investment Co. and Epic Integrated Solutions, have about 220 full-time employees, according to filings with the U.S. Securities and Exchange Commission. That would mean about 13 jobs would be cut.

via Epic to cut 6 percent of work force – Houston Business Journal: .

 

* CEDAR RAPIDS – Employees at Clipper Windpower in Cedar Rapids report the company has laid off a large number of workers. The number mentioned by those workers is 150 out of a total work force of between 300 and 400 workers.

via Clipper WindPower Employees Report Big Layoff | KCRG-TV9 Cedar Rapids, Iowa | Local News .

 

* NASHUA – SkillSoft Public Limited Co. plans to lay off 120 employees by April 30, 2009, and take a charge of $1.6 million, the company disclosed in a filing with the Securities and Exchange Commission Tuesday.

via UnionLeader.com – New Hampshire news, business and sports – SkillSoft plans layoffs – Tuesday, Jan. 20, 2009.

 

* Time Warner Inc’s (TWX.N) Warner Bros. Entertainment on Tuesday said it would cut about 800 jobs, or 10 percent of its worldwide staff in coming weeks.

via UPDATE 1-Warner Bros. to cut 800 jobs in coming weeks | Markets | Markets News | Reuters .

 

* More than 150 workers at the Norfolk office of Cox Auto Trader Inc. will lose their jobs by March 20, the company said in a filing with state of Virginia.

via In report, Cox Auto Trader says it will lay off 153 | HamptonRoads.com | PilotOnline.com.

 

* Bank of America has sent a warn notice to the Texas Workforce Commission informing it of 85 layoffs at the company’s Preferred Services unit located at 1401 Elm St. The job cuts take effect March 10.

via BofA announces 85 Dallas layoffs – Dallas Business Journal: .

 

* San Diego-based Metabasis Therapeutics has joined the ranks of the restructuring. The company says it will reduce its workforce by about 43 percent, or 38 employees. As part of the restructuring, Metabasis will focus on the company’s product candidates, MB07811 for the treatment of hyperlipidemia and MB07803 for the treatment of type 2 diabetes, as well as on advancing its glucagon antagonist program.

via Metabasis shrinks workforce, hunts for new partners – FierceBiotech.

 

* TORONTO — Canadian regional telecom group Bell Alliant said Monday it will cut about 500 management jobs, or about 5% of its total work force, to reduce costs and help the company make decisions more quickly.

The cuts represent about 15% of Bell Aliant’s management, the company said.

via Bell Aliant to cut 500 management jobs .

 

* TORONTO (AP) — Bell Canada said Tuesday it is offering retirement incentives to 1,500 qualifying union workers in the latest move by Canada’s largest telecom operator to streamline and cut operating costs.

via The Associated Press: Canadian telecom offers buyouts to 1,500.

 

* France isn’t immune to the layoffs that Yahoo began last year.

PaidContent.org reported Tuesday that 52 of the country’s 251 employees will lose their jobs, citing Agence France-Presse.

via Yahoo layoffs to spread to France | Digital Media – CNET News.

 

* IDAHO FALLS, Idaho — An eastern Idaho car dealership has closed two stores and laid off 35 people.

via Fort Mill Times | FortMillTimes.com – E. Idaho dealerships close doors – Fort Mill, SC.

 

* GRANITE CITY, Ill. — A southwestern Illinois steel company that recently announced it was shedding 363 jobs says it will lay off an additional 206 workers.

Amsted Rail says it will lay off the latest group of employees in mid-March. The Granite City steel foundry once known as American Steel has filed a notice with the Illinois Department of Commerce and Economic Opportunity.

via Fort Mill Times | FortMillTimes.com – Steel company announces next round of layoffs – Fort Mill, SC.

 

* SAN ANTONIO (AP) – Clear Channel Communications is laying off 1,850 employees as the nation’s largest owner of radio stations grapples with the economic meltdown.

The cuts by San Antonio-based Clear Channel represent about 9% of the company’s total work force.

via KFDA – NewsChannel 10 / Amarillo, TX: newschannel10.com – Clear Channel cuts 1,850 jobs, 9 pct of work force.

 

* Dow Chemical will eliminate approximately 60 jobs at its South Charleston facility, company officials said.

The cuts include a variety of positions. The 60 workers will remain on the job through February, though a few employees might be asked to stay around a little longer, according to Jennifer Heronema, the company’s spokeswoman.

via Charleston Daily Mail – West Virginia News and Sports – Business – BREAKING NEWS: Dow cuts 60 jobs in South Charleston .

 

* Omaha, NE – Alegent Health announced it will cut 245 fulltime jobs by March 3rd. That’s in addition to 40 jobs and 7 vice president positions that are being eliminated.

via Action 3 News – Omaha, Nebraska News, Weather, and Sports | Alegent Cuts 47 Jobs; 245 More Gone By March 3.

 

* Eaton Corp. announced Tuesday it’s laying off 31 white-collar employees at its Marshall proving grounds as part of a companywide 10 percent reduction in workforce.

Another 25 professional and administrative workers at the company’s truck business headquarters in Kalamazoo County’s Charleston Township also are losing their jobs, as are four members of the company’s flight operations center at W.K. Kellogg Airport in Battle Creek.

via Eaton Corp. laying off 60 workers in area | battlecreekenquirer.com | The Enquirer.

 

Mike: The following layoffs don’t affect salaried workers? So there will be plenty of managers, but many fewer hourly workers. Managers will now be able to manage more managers. Makes sense to me. I guess they don’t eat their own until they have to.

* The General Motors Powertrain-Tonawanda Engine plant plans to lay off 30 percent of its workforce

The layoffs apply to non-salaried workers. The company has not said what the impact will be on salaried employees.

via GM engine plant announces layoffs – Business First of Buffalo: .

 

* Ameriprise Financial said today it will lay off 300 of its Minneapolis workers.

The news comes roughly one week before the financial advice company is scheduled to release its fourth quarter earnings. The cuts are part of a larger restructuring, but a spokesman for the Minneapolis-based company wouldn’t say how many more people companywide are affected.

via Ameriprise to cut 300 jobs in Minneapolis – TwinCities.com.

 

* Stanford’s athletic department is projecting a $5 million loss in revenue over the next three years and is considering cutting staff and eliminating some sports teams, The Associated Press has learned.

via cbs5.com – Stanford May Cut Sports Programs, Jobs 

 

* Tracker Marine Group is closing the Bolivar plant within the next two months, affecting as many as 80 employees, according to a press release from the the company’s corporate office in Springfield. The number could be lower, the company says, because employees at the Bolivar facility will be given consideration for available positions at other company sites.

via Bolivar Herald-Free Press – Bolivar, Missouri – Neighbor Newspapers > News > Tracker Marine closing Bolivar plant.

 

* EASTMAN, Ga. (AP) – The company that makes Goo Goo Clusters candy is closing its plant in Eastman and will relocate 250 jobs from eastern Georgia to Tennessee.

 

 

International News

 

* Jan. 19 (Bloomberg) — Brazil eliminated jobs at a record pace in December as companies scaled back production to adjust for slower economic growth and less consumer demand.

Latin America’s largest economy cut 654,946 government- registered jobs, the most since the series began in 1999, the Labor Ministry said today in a report distributed in Brasilia. The 1.45 million jobs created last year, compared with 1.62 million in 2007, trailed the government’s goal of 1.8 million.

via Bloomberg.com: Latin America.

 

* TOKYO (AFP) — Japanese carmaker Toyota Motor Corp. is considering shedding 3,000 more temporary workers at its domestic plants due to worsening sales, a report said Tuesday.

 

* US MEDICAL insurance company Cigna is to close its east Galway base with the loss of 180 jobs over the coming months.

Cigna HealthCare, a division of the US Cigna Corporation, has attributed the economic downturn to its decision to wind up its Irish branch in Loughrea, Co Galway.

via US medical insurance firm to lose 180 jobs in Galway – The Irish Times – Tue, Jan 20, 2009.

 

* FRANKFURT, Germany (AP) — Carmaker BMW AG said Tuesday it would reduce the working hours for some 26,000 German employees as part of efforts to slow production amid a deepening economic downturn.

The Munich-based company said management and employee representatives have agreed to expand production cutback measures to include shorter work times at selected plants in Germany. It will also reduce the number of temporary workers.

via BMW to reduce work hours for 26,000 employees – Yahoo! Finance.

 

* LONDON (AP) — Luxury goods maker Burberry Group PLC reported Tuesday a 30 percent rise in revenues in the final three months of 2008, but said it plans to lay off more than 500 workers in its British and Spanish operations.

via The Associated Press: Burberry 3Q revenue up 30 pct, cuts over 500 jobs.

 

* Greek cooler maker Frigoglass (FRIr.AT) said on Tuesday it plans to cut its workforce in a domestic unit and close its Polish factory as part of a plant restructuring programme.

The world’s largest maker of drink refrigeration equipment said it would reduce its workforce at its Kato Achaia plant by 120 employees, out of a total of 210 workers, through a voluntary redudancy scheme.

via Frigoglass to cut jobs in Greece, Poland | Industries | Industrials, Materials & Utilities | Reuters .

 

* Hugo Boss AG plans to dismiss as many as 150 of the company’s more than 2,800 employees in Germany, the Financial Times Deutschland reported, citing an unidentified company spokesman.

via Bloomberg.com: Germany.

 

* Jan. 20 (Bloomberg) — Mitsui Mining & Smelting Co., Japan’s biggest zinc smelter, forecast its first annual loss in more than a decade and will cut 20 percent of its workforce.

via Bloomberg.com: Asia.

 

* Jan. 20 (Bloomberg) — Metro AG, Germany’s largest retailer, will cut 15,000 jobs as part of a plan to increase profit by 1.5 billion euros ($2 billion) over four years.

via Bloomberg.com: Germany.

 

* Finland’s Nokian Tyres said in a statement it would launch another round of statutory cooperation procedure talks, adding the aim was to cut about 50 jobs and to lay off temporarily about 230 people.

via NewsRoom Finland.

 

* Denton Wilde Sapte has joined the ranks of London firms launching redundancy consultations, with up to 80 jobs at risk across the firm’s London and Milton Keynes, U.K., offices.

via Law.com – Denton Wilde Sapte to Make Job Cuts With 80 Under Threat .

 

* RETAILER David Jones will cut 150 jobs from head office and administration, after it cut its profit growth and sales forecasts.

via David Jones to cut 150 jobs, reduces sales forecast | Markets | News.com.au.

 

* Jan 20, 2009 (Dow Jones Commodities News via Comtex) — PERTH (Dow Jones)-Global Miner BHP Billiton Ltd. (BHP.AU) said Wednesday it will cut around 6,000 workers because of weakening demand for its products and the uncertain economic outlook.

 

 

Hiring News

 

* COLUMBUS — Uncle Sam is looking to hire area residents to help conduct the 2010 U.S. Census in and around Columbus.

The U.S. Census Bureau office in Lincoln is recruiting potential employees and encoura

via Census seeks 2010 counters – News – Local – The Columbus Telegram – Columbus, Nebraska’s Community Newspaper.

 

Mike: The international layoff news was even worse than the US news today. The new presindent’s task is a large one and he will have to make improvements quickly to keep unemployment at manageable levels. Earnings announcements continue tomorrow and if earnings are improved, as were IBMs today, the layoff news may slow. On that note, let’s end the day with  a little humor.

 

 

Rob Rogers - Jan 18

Rob Rogers - Jan 18

 

Mike: In case you missed yesterday’s news………

 

Vodpod videos no longer available.
more about “Barack Concert | The Daily Show | Com…“, posted with vodpod

 


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