January 28 – Starbucks spills 6700 jobs – SAP cuts 3000 – Avery labels 3600 unemployed – Another 1600 at GM on unemployment – Boeing to chop 10,000 total, not just 4500 – DuPont to release 8000 contractors – STMicroelectronics sheds 4500 – Jabil minus 3000 – Allstate hands 1000 pink slips – AOL disconnects 700 – Celestica cuts 590

Mike: Good day to all. The news at the start of the day is gloomy for many who have lost jobs at  SAP,  DuPont,  Molex  and other locations. But if you have money in the stock market, you can be thankful this morning as it appears that there is great optimism for the upcoming US stimulus vote. I’m not sure why the excitement, but it’s a bit of good news for a change

Mike; If anyone knows of layoffs that I haven’t posted, feel free to drop me a note and I’ll make sure they are recognized.

 

 

Microsoft/Google/IBM News & Rumors

 

ibm3* IBM has cut as many as 4000 positions in the US as it scales back due to the current economic climate.

The company is reluctant to release any specific numbers, as roles in hardware, software and sales jobs are axed, according to a report by the Associated Press.

via IBM makes 4000 ‘stealth’ job cuts // News.

 

ibm4* ESSEX JUNCTION — At Five Corners Variety in Essex Junction, down the road from IBM’s microelectronics plant, Heidi Clark said she worried the company’s latest round of layoffs would hurt the liquor store’s business.

“It all trickles down,” said Clark, an employee at the store. “If people can’t find jobs locally, they don’t shop here.”

Granted, each round of layoffs usually brings a day of good business to the store. One man bought a bottle Tuesday to celebrate keeping his job at IBM, Clark said.

“He said, ‘Either way, I was going to stop in here today,'” Clark said.

via IBM layoffs could have ripple effect | burlingtonfreepress.com | The Burlington Free Press.

 

ibm5* ROCHESTER, MN (KTTC-TV) — KTTC has confirmed that significant numbers of layoffs have happened at the Rochester IBM plant.  The “resource actions” had been scheduled by the computer firm for days, and had been the source of anxiety for many workers whose personnel reviews had been set for this week.

An inside source tells the NewsCenter the number is around 800, or about 18 percent of the workforce.  Most of the cuts happened in the Systems and Technology Group.  The Rochester Chamber of Commerce says about 4,400 people work inside the sprawling IBM complex along U.S. 52 in northwest Rochester.

via KTTC Rochester, Austin, Mason City News, Weather and Sports -Massive layoffs at Rochester IBM plant.

 

 

More on IBM:

 

 

General Economic News

 

* Update: Highlights

The Mortgage Bankers Association’s purchase applications index fell 2.9 percent to 294.3 in the holiday shortened week of Jan. 23. The refinance index dropped 48 percent to 3,373.9. These numbers bounce around quite a bit especially in shortened weeks. The most interesting numbers in the report are mortgage rates led by the 30-year fixed rate which remains stubbornly above 5 percent, at an average 5.22 percent for a 2 basis point decline in the week.


* Update: WASHINGTON (AP) — The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite “some time.”

Specifically, the Fed said it is “prepared” to buy longer-term Treasury securities if the circumstances warrant such action. At its December meeting, the Fed said it was merely evaluating that option. Such a move could help drive down mortgage rates and provide help to the stricken housing market, economists said.

via Fed pledges to use all tools to help economy – Yahoo! Finance.

 

kodak* Jan. 28 (Bloomberg) — Eastman Kodak Co., fresh from a $3.4 billion, four-year restructuring that cut its workforce in half, may announce a second shake-up amid a continuing drop in sales.

To see any sort of meaningful turnaround, they have to get costs way more in line with their peers,” Standard & Poor’s equity analyst Erik Kolb said in an interview. “That means cutting jobs, cutting anything wherever they can.”

via Bloomberg.com: Worldwide.

 

* John Thain is Hilariously Unacceptable

There is something hilariously ballsy about Merrill Lynch CEO John Thain trying to excuse spending $1 million to redecorate his office (including the now infamous $87k rug) by saying “It was over a year ago,” as if in 2007-2008 no one had an inkling that our markets were about to melt and therefore it was totally acceptable to spend more money than most people make in a lifetime on a room where you spend less than 25% of your time in.

via John Thain is Hilariously Unacceptable / Jossip.

 

* WASHINGTON – Massive deficits could force the post office to cut out one day of mail delivery, the postmaster general told Congress on Wednesday, in asking lawmakers to lift the requirement that the agency deliver mail six days a week.

If the change happens, that doesn’t necessarily mean an end to Saturday mail delivery. Previous post office studies have looked at the possibility of skipping some other day when mail flow is light, such as Tuesday.

via Postmaster General: Mail days may need to be cut – Yahoo! News.

 

 

Rob Rogers - Jan 27

Rob Rogers - Jan 27

 

 

Municipal News

 

All Fayette County school custodians, secretaries and office staff will have to take two unpaid days off before June 30 to offset a projected deficit.

The Fayette County school board on Tuesday unanimously approved the two-day mandatory furloughs, including a request for administrators to take voluntary furloughs.

via 2-day furloughs ordered for school employees | ajc.com.

 

* The combination of a nationwide recession and a state budget deadlock is forcing the county of Ventura to eliminate the equivalent of 71 full-time positions, bringing the total number of jobs cut in the past few months to more than 120.

via County cuts 71 more jobs but avoids layoffs : Breaking : Ventura County Star .

 

* RIDGEFIELD — Eight town employees were laid off Tuesday due to “declining revenues,” said First Selectman Rudy Marconi.

via Ridgefield cuts 8 town employees, more layoffs could follow – NewsTimes.com.

 

* (Rochester, N.Y.) – The Rochester City School District reports that its budget deficit has grown by $7 million to $61 million in just one month and is now projecting about 500 job cuts.

via RCSD Says 500 Jobs Cuts Possible; RTA Says Budget Deficit is Inflated – 13WHAM.com .

 

* Ada County eliminated 16 development services staff Tuesday, furthering a cut in the agency over the past 10 months from 41 employees to 20.

via Ada County eliminates jobs in development services | Local News | Idaho Statesman .

 

* Missouri Gov. Jay Nixon proposed cutting 1,300 state jobs during his State of the State address Tuesday night.

via Nixon proposes cutting 1,300 state jobs – Kansas City Business Journal: .

 

* The New Jersey Turnpike Authority will cut 80 positions in 2009 and maintain a hiring and promotional freeze, according to the operating budget approved this morning by the agency’s board of commissioners.

 

 

US and some Canada News –

 

sap* FRANKFURT, Germany (AP) — Software maker SAP AG said Wednesday it would cut 3,000 jobs worldwide to cut costs as its 2008 net profit fell 2 percent, weighed by a difficult year-end when the financial crisis deepened.

via The Associated Press: SAP says profit down 2 pct in ’08, axes 3,000 jobs.

 

sap1* But a troubling and unpredictable economic climate means that SAP, like many other companies inside and outside of high tech, will continue tightening its belt. SAP said Wednesday that it plans to trim its worldwide workforce by about 3,000 positions by the end of 2009, from 51,500 down to 48,500 jobs.

SAP said that the job cuts, at least some of which it expects to come through attrition, will lead to annual savings of 300 million to 350 million euros starting in 2010.

via SAP plans job cuts, despite solid earnings | Business Tech – CNET News.

 

* The company lowered its full-year earnings estimate for 2009 to $2 to $2.50 a share, down from its previous guidance of $2.25 to $2.75 a share. It also announced that it would cut 8,000 contractors from its work force.

 

avery1* Jan. 27 (Bloomberg) — Avery Dennison Corp., the world’s largest label maker, said it will eliminate about 10 percent of its workforce, or about 3,600 jobs, after reporting its first sales decline in 12 quarters.

The cuts will cost about $120 million, most of which will be booked in 2009, the Pasadena, California-based company said today in a statement. The sticker-maker said it will save $150 million annually over the next two years once the cuts are implemented.

via Bloomberg.com: Worldwide.

 

avery* Tuesday, Avery Dennison Corporation (AVY: News ), reported a drop in profit for the fourth quarter as net sales came down more than 11% during the three-month period. Additionally, the company also revealed restructuring actions to reduce its global workforce by 10%.

 

* DEXTER — McNeilus Trucking and Manufacturing is planning to close its Dexter plant with nearly 30 employees.

via Postbulletin.com: Rochester, MN.

 

* WILKES-BARRE — Intermetro Industries Corp. announced Tuesday the layoff of 20 employees, bringing the total number of jobs lost since November to 88.

Approximately 70 of the laid-off employees are hourly production workers, said Emily Umbright, spokeswoman for Emerson Electric Co., which owns Intermetro.

via W-B manufacturing facility plans to lay off 20 more employees | News | thetimes-tribune.com – The Times-Tribune .

 

* Up to 150 employees could face layoffs at the Auto Truck Transport terminal in Cleveland — a direct result of the job reductions and production cutbacks at Freightliner.

The Auto Truck Transport layoffs will take effect March 16. The terminal at 320 Bear Poplar Road near Freightliner employs mostly drivers and shop workers.

via SalisburyPost.com – Area – Cleveland company announces up to 150 layoffs .

 

* The newspaper industry’s deep-rooted problems combined with recessionary pressures have led the Athens Banner-Herald to eliminate 15 full-time employees.

via 15 jobs cut at Athens Banner-Herald | From Staff Reports.

 

molex* The restructuring moves will reduce 2,500 jobs in the March quarter, the company said in a conference call, in addition to 5,600 layoffs in the December quarter and an expansion of the 1,200 job cuts announced earlier this month.

via UPDATE 2-Molex posts Q2 loss, to cut jobs | Deals | Regulatory News | Reuters .

 

colts* INDIANAPOLIS Add the Indianapolis Colts to the growing list of job-cutting sports companies.

The team announced its decision Tuesday in a two-sentence statement, but declined to say how many jobs were cut. The Indianapolis Star reported the number is about 25.

via Colts to cut jobs in tough economy | CharlotteObserver.com.

 

lexmark* Lexmark International will cut or transfer nearly 160 jobs at its Lexington headquarters as part of its fifth restructuring or work-force reduction in five years.

via Lexmark to shed 160 jobs in Lexington – Daily Business Report – Kentucky.com.

 

black-decker* Black & Decker has laid off 33 hourly employees from its North Jackson location.

Employees were laid off on Monday and Tuesday of this week, said Carmen Simeon, manager of Human Resources in Jackson.

via Black & Decker lays off 33 workers | jacksonsun.com | .

 

* DECKERVILLE, Mich. — Dott Manufacturing in Huron County will be closing its doors in the next 60 days.

The Deckerville plant makes car emblems and plans to lay off nearly 160 people.

via Dott Manufacturing Closing Emblem Factory – News Story – WNEM Saginaw.

 

* A cookware supplier is closing its city store, with the loss of four jobs.

ProCook, which supplies both top brand and its own ProCook brand cookware and electrical appliances for the kitchen, is closing 18 of its stores nationwide, including its Norwich shop in Chapelfield shopping centre

via Evening News 24 – City cookware shop to close.

 

* Around 90 employees at Liberty Homes’ Statesville facility have been notified that the home manufacturer has decided to make their temporary layoffs permanent.

“Everybody is kind of sad,” Phil Cummings, plant manager, said. “Some people are getting laid off with almost 25 years of service.”

via Liberty Homes closing; 90 to lose jobs.

 

* The parent company of the Capital newspaper in Annapolis said Tuesday it is trimming 111 jobs in response to declining advertising revenue and a weak economy.

via Capital Gazette newspapers cuts 111 jobs – Washington Business Journal: .

 

honda* Honda Motor Co. Ltd. on Tuesday disclosed its fourth North American production cut in three months, part of a continued effort to align its vehicle inventory with slumping consumer demand.

The automaker, which recently opened a plant in Greensburg, Ind., said it will cut 29,000 vehicles from its plan at all North American plants for the remainder of its fiscal year, which ends March 31. That reduction includes 14,000 fewer cars and light trucks assembled at Honda’s Marysville and East Liberty, Ohio, plants.

Spokesman Ron Lietzke said the cuts will be accomplished by a mix of reduced daily output and temporarily idled assembly lines.

via Honda makes more North American production cuts – Business Courier of Cincinnati: .

 

* STAFFORD — Warren Corp. has laid off roughly a third of the employees at its woolen and fabric mill, according to a state Labor Department official…………

The 57 workers were given information on how to file for unemployment, as well as how to access employment services, such as the CTWorks offices and related services, Steffens said.

via Journal Inquirer > News > Stafford mill laying off 57 workers.

 

intel* Intel Corp. may cut up to 500 manufacturing jobs in Chandler as part of workforce reductions, the computer chipmaker announced last week.

Spokeswoman Dawn Jones said managers notified Intel’s Arizona workforce on Tuesday that the previously announced cuts would affect manufacturing plants at the company’s Ocotillo campus.

via Chandler’s Intel plant may see 500 jobs cut.

 

boe1Boeing Co.said Wednesday it plans to slash about 10,000 jobs across its businesses, compared to a prior announcement of 4,500 job cuts from its commercial airplane unit.

via Boeing plans to slash 10,000 jobs as the economy weakens – MarketWatch .

 

boe2* Boeing which posted a loss in the fourth quarter, said Thursday it will reduce its workforce by 6% or 10,000 positions.

CEO Jim McNerney, speaking on a fourth-quarter earnings conference call, said the positions will be eliminated “through a combination of attrition, retirements and reductions. Fundamentally, this is a solid company with a strong growing core business. “[But] the global economy continues to weaken and is adversely affecting air traffic growth and financing.”

via Boeing to Cut 10,000 Jobs | Aerospace/Defense | Financial Articles & Investing News | TheStreet.com.

 

* BOWLING GREEN, Ky. — A southern Kentucky car-parts manufacturer says it will lay off 90 workers next week.

Harman/Becker Automotive Systems in Franklin blames the layoffs on the ailing economy and the effect it has had on the automotive industry.

via Fort Mill Times | FortMillTimes.com – Ky. auto supplier to lay off 90 workers – Fort Mill, SC.

 

* Let the penny pinching commence! Merrill Lynch’s training program took a hit yesterday as many of its trainees were shown the door.

A Merrill Lynch spokesperson confirmed the layoffs, but could not provide details about the number of trainees let go. In general, trainees who had been generating revenue for fewer than 24 months and did not meet certain production thresholds were told to take a hike.

via Merrill Cuts Trainees .

 

S4Carlisle Publishing Services Inc. laid off 10 employees at its West End office Tuesday in what a company spokeswoman called a “company reorganization.”

via TH – Local News Article.

 

* Auto Truck Transport of Rowan County will begin laying off some 100 employees in mid-March, according to a filing with the N.C. Department of Commerce.

 

tellabs* Tellabs Inc. has laid off 25 percent of the workforce at its Petaluma optical networking unit as it struggles with flagging demand from telecommunications providers.

Despite a drop in sales, Tellabs reported higher quarterly profits Tuesday, largely because of the company-wide cutbacks announced last October.

via Tellabs cuts 25% of Petaluma jobs | PressDemocrat.com | The Press Democrat | Santa Rosa, CA.

 

* GREENVILLE (AP) — Two eastern North Carolina newspapers say declining business conditions will force them to eliminate a total of 28 jobs.

The Daily Reflector of Greenville said it will eliminate 23 positions across its 232-member staff, except for the circulation department. The Rocky Mount Telegram said it would eliminate five positions on its staff of 49 people.

via Cox cutting jobs at two N.C. newspapers : News-Record.com : Greensboro, North Carolina.

 

gm2* The moves come as GM and Chrysler are racing to get concessions from labor and other stakeholders as required under the terms of the $17.4 billion federal rescue of the two companies.

The 1,600 UAW workers in GM’s jobs bank will be placed on layoff and must apply for unemployment. Between a mixture of unemployment and company pay, they will then receive about 72% of their normal compensation, GM spokesman Tony Sapienza said.

via GM to shut jobs bank; 1,600 to be laid off | Freep.com | Detroit Free Press.

 

* In further signs that the deepening recession is having a major impact on Jewish universities and institutions, two major seminaries here announced tuition freezes and budget cuts, the city’s largest Jewish cultural institution laid off nearly 10 percent of its staff and Brandeis University is taking  the highly unusual step of selling off its prized contemporary art collection.

“This is one of the more challenging moments in recent history,” Jewish Theological Seminary Chancellor Arnold Eisen told The Jewish Week.

via Seminaries, 92nd St. Y Forced Into Painful Cuts .

 

* General Shale Brick announced today that they will be laying off 50 people this Friday.

We first told you about this news story July 19. The layoffs from General Shale’s Johnson City plant were originally slated to occur Sept. 15, but the company was able to hold on to the employees until this week.

via General Shale Announces Layoffs Friday | TriCities.

 

* Analogic Corp. of Peabody said that it will reduce its worldwide workforce by 9 percent, or 140 jobs, including 128 in Massachusetts, as part of a plan to cut costs by $9.6 million per year.

via Analogic will cut 9 percent of its global workforce – Daily Business Update – The Boston Globe.

 

aclu* The American Civil Liberties Union, impacted by the unfolding economic crisis, laid off ten percent of its national workforce this week. Thirty-six staffers lost their jobs, including five in the Washington, D.C. legislative office, a source familiar with the firings told the Huffington Post.

via ACLU Lays Off A Tenth Of Workforce.

 

aol* NEW YORK, Jan 28 (Reuters) – AOL will cut about 700 jobs, or 10 percent of its workforce, as the Internet services and media company struggles with an advertising downturn and recession, according to an internal memo circulated to employees on Wednesday.

via UPDATE 1-AOL to cut 700 jobs – internal memo | Markets | US Markets | Reuters .

 

aol1* AOL will cut up to 10 percent of its work force, or about 700 people, freeze some raises and consolidate its remaining operations centers.

CEO Randy Falco outlined the cuts in a memo to employees Wednesday afternoon. Falco also said the company was reviewing its international operations.

via AOL cutting hundreds of jobs – Baltimore Business Journal: .

 

* Hubbell Lighting in Christiansburg has let go of more workers.

A member of the local union for the company says 26 hourly employees were permanently laid off this month because of lack of demand for industrial lighting.

via WDBJ7 Roanoke News and Weather NRV Lynchburg Danville | Layoffs at Hubbell Lighting in Christiansburg.

 

* West Liberty Foods announced this week it is not immuned to the recession. The processing plant announced Thursday, Jan. 15, 2009, it will be laying off approximately 75 workers from the West Liberty plant, effective Monday, Feb. 9, 2009.

via West Liberty Foods to lay off 75 workers next month – West Liberty Index – West Liberty, Iowa.

 

starbuck* Starbucks said Wednesday that it would slash 6,700 jobs and close an additional 300 stores — including 200 in the U.S. — as the Seattle-based company continues to struggle during the recession.

via Starbucks announces 6,700 job cuts – Puget Sound Business Journal (Seattle): .

 

starbuck1* Starbucks will cut 6,000 positions in stores worldwide over the next eight months, and will eliminate about 700 non-store workers by mid-February.

The immediate cuts will include about 350 people at its headquarters.

via Business & Technology | Starbucks will cut 6,700 jobs, close 300 more stores | Seattle Times Newspaper.

 

* NEW YORK, Jan 28 (Reuters) – The Reader’s Digest Association Inc is cutting about 8 percent of its staff as it tries to strengthen itself against the world financial crisis………….

The company employs about 3,500 people, spokesman William Adler said, making the cuts equal to about 280 jobs. The cuts will include layoffs and leaving some positions unfilled, he said.

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

 

* Through layoffs and reduced hiring, Norfolk Southern Corp. has cut 758 train and service jobs since April, and 100 additional workers will lose their jobs over the next month, said Stephen Tobias, the company’s vice chairman and chief operating officer, during a conference call with analysts today.

via Norfolk Southern has cut 758 jobs since April; more to come | HamptonRoads.com | PilotOnline.com.

 

sepracor* Sepracor Inc., known for its Lunesta sleeping pill and Xopenex asthma medicine, is slashing 530 jobs, or 20 percent of its work force.

The Marlboro company announced the layoffs after the market closed, along with its fourth-quarter and full-year financial results and outlook for 2009.

via Marlboro drug maker Sepracor cuts 530 jobs – BostonHerald.com.

 

* Revel Entertainment laid off 400 workers today and said it would stop interior work on the one new casino project in Atlantic City that hadn’t yet fallen victim to the economic crisis and the credit crunch.

via Revel lays off 400 and slows work on Atlantic City casino – Breaking News From New Jersey – NJ.com .

 

celestica* Celestica will close plant in Arden Hills, cut 590 jobs

Citing reduced demand for its products, the Toronto-based company will eliminate 440 full-time jobs and 150 contract jobs in Arden Hills.

via Celestica will close plant in Arden Hills, cut 590 jobs .

 

* OMAHA, Neb. — First National Bank of Nebraska plans to eliminate 350 jobs across its operation, but most of the layoffs will be made in Omaha where the bank is based.

via Daily Herald | Castle Bank parent company cutting jobs.

 

hanes* Jan 28 (Reuters) – Underwear maker Hanesbrands Inc (HBI.N) posted a higher-than-expected fourth-quarter profit, helped by cost-reduction efforts and higher domestic product prices, and said it would cut 310 jobs.

 

allstate* Jan. 28 (Bloomberg) — Allstate Corp., the largest publicly traded U.S. home and auto insurer, will cut 1,000 jobs after the falling value of investments caused the company’s first annual loss as a public firm. Shares dropped 11 percent in extended trading.

via Bloomberg.com: Worldwide.

 

* In a Form 8-K, Skyworks Solutions (Nasdaq: SWKS) today committed to a restructuring plan to realign its costs given current business conditions. The Plan reduces global headcount by approximately 4%, or 150 employees, primarily affecting RF transceiver development.

 

* In response to the on-going global economic slowdown and resulting changes in demand requirements from customers, Jabil (NYSE: JBL) plans to cut its manufacturing capacity in certain geographies and to shrink its worldwide workforce of 85,000 by approximately 3,000. Jabil said the restructuring will appropriately align its manufacturing sites with the Company’s current customer demand outlook and increase operational efficiencies. Approximately ten global plant sites will be impacted, and approximately ten percent of the headcount reductions will take place in the United States.

via StreetInsider.com – Jabil (JBL) Cutting Workfroce by 3,000 Jobs.

 

* Athletic-clothing retailer Pacific Sunwear of California Inc (PSUN.O) said it cut 57 jobs and slashed its capital expenditure budget as part of its cost-cutting measures to combat the weak economy.

 

Saint Clare’s Hospital has announced a financial restructuring to reduce costs and improve productivity that will include 180 job cuts, including 100 people to be laid off today, hospital officials said this afternoon.

via – Breaking News From New Jersey – NJ.com .

 

* WEST DES MOINES, Iowa – FBL Financial Inc. has announced that it is cutting more than 70 jobs from its home office in West Des Moines.

via Farm Bureau cuts 76 jobs in central Iowa. — chicagotribune.com.

 

gm3* Workers at the General Motors Corp. Tonawanda engine plant have learned the impact on them of the recently announced production cutbacks at GM’s U.S. assembly plants.

The plant disclosed today that 65 additional hourly employees will be placed on indefinite layoff as of Jan. 30.

via GM Tonawanda lays off 65; job bank ends – Business First of Buffalo:

 

citrix* Citrix Systems plans to eliminate 10 percent of its global staff to reduce operating expenses as the recession hurts demand for networking software.

 

 

 

 

International News

 

* “We are talking 3,000 jobs across the country,” Dragos Parvan, spokesman at a local employment agency branch, told Realiatea TV.

via Romania agency says Petrom to cut 3,000 jobs -TV | Reuters .

 

* TOKYO—Panasonic Corp. said Wednesday it will cut 560 jobs in Asia due to the closure of two plants in the region, while declining to confirm a report saying the Japanese electronics giant will likely suffer its first net loss in six years.

via Panasonic to cut 560 jobs, close Asian plants – Chico Enterprise Record.

 

* LONDON (Reuters) – London water utility Thames Water on Wednesday said it was cutting up to 300 jobs to cope with soaring borrowing costs and lower revenues.

via Thames Water to cut up to 300 jobs | Reuters .

 

* Swiss firm Barry Callebaut, the world’s largest chocolate maker, is to cut around 100 jobs at its production site in Dijon, France.

via Barry Callebaut to cut 100 jobs at Dijon plant.

 

* Itella, a state-owned enterprise previously known as Finland Post, said in a statement Wednesday it would start a round of statutory cooperation procedure talks with the aim of cutting about 85 jobs.

via NewsRoom Finland.

 

May cut up to 100 jobs, not ruling out forced redundancies

via UPDATE 2-Renishaw reviews final dividend, to cut jobs | News | Company Results and Outlooks | Reuters .

 

* SAN JOSE, Calif. — Amid a loss and a poor outlook, STMicroelectronics Inc. outlined a major cost-cutting effort in 2009, including a plan to shed 4,500 jobs.

via ST to cut 4,500 jobs amid weak results .

 

* LONDON (Reuters) – Aerospace and automotive engineer GKN added to gloom in the jobs market by announcing a further 1,400 layoffs on Wednesday and plans for more cuts for 2009.

via GKN cuts further 1,400 jobs and plans more in 2009 | Reuters .

 

* Shop Direct has this lunchtime told staff that it is to close its Crosby call centre and reduce staff  numbers elsewhere.

The home retail group, which used to trade as Littlewoods, will shed 900 posts across its  Merseyside operations.

via Shop Direct to cut 900 Merseyside jobs – Liverpool Daily Post.co.uk.

 

* Business software maker Parametric Technology Corp (PMTC.O) said it would cut about 250 jobs in the wake of a sharp drop in license revenue as deals dry up in a weakening economy.

via Parametric Tech to cut jobs; forecasts weak 2009 | Deals | Regulatory News | Reuters .

 

Serious Food Ltd in Llantrisant, which employs 420 people, entered into a consultation with 200 employees over a redundancy programme in November.

 

Hiring News

 

* Those looking for work may want to help the government gather information for the 2010 Census.

The U.S. Census Bureau is seeking temporary part- or full-time workers who can be relied upon to compile information about area residents, either by traveling door-to-door or through phone work. The pay: between $11 and $15 per hour — or closer to $20 an hour if you become a supervisor. 

via Press Publications > Vadnais Heights Press > News > Census Bureau hiring temporary workers at $11 to $15 per hour.

 

LANSING — The state will hire an additional 276 workers — more than double the current staff– to handle an avalanche of unemployment claims, and beef up Internet capacity to speed up the filing process and ease the crunch on the overwhelmed system, Gov. Jennifer Granholm announced Wednesday.

via – Michigan to hire more workers to handle jobless claims

 

Mike: The large layoffs announcements waitedfor the afternoon to arrive. Tens of thousands again lost their livlihoods, but the stimulus package came closer to being approved, which hopefully leads to some robust job creation. Let’s end this hectic day with a couple of laughs. Till tomorrow ………….

 

 

Jerry Holbert - Jan 28

Jerry Holbert - Jan 28

 

 

 

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