Archive for February, 2009

February 28, March 1 – Weekend Edition – Are Obama’s economic recovery plans radical? – California declares drought emergency: 95,000 jobs at risk – CA unemployment at 10.1% – California paid for top officials’ free rides – Continental to cut 1,500 jobs in FR – Yale announces layoffs

Mike: The weekend is welcomed by this blogger. The unemployment news has been coming at a rapid pace, so I look forward to a couple of quieter days. With family visiting, I’ll just give you a few items in which to ruminate. There are plenty of California stories that show why the state is in such desperate straights.

– Are Obama’s economic recovery plans radical?

* Mike: I’ll start today’s post with the latest salvo from Obama, which is what I had expected from him when he was elected. I think he tried the bipartisan route to no avail (no surprise there) and now he’s getting back to the Obama people elected (note: I didn’t vote for Obama). While the following story depicts Obama’s views as radical, what is truly radical about his plans? This is the only developed country without some sort of universal health care plan, so why is that radical? The plan doesn’t have to be in the same mold as our Canadian or Danish friends, but I believe it’s a vital that all citizens have access to affordable health care. Making companies compete for Medicare involvement is a step in that direction. Having some type of health care for all will take that burden off of US businesses, which will make them more competetive with thier foreign counterparts that don’t have to pay for health care directly. That should allow for companies to spend their resources on research and development and that should create more jobs.

Greener energy is also important since we send billions of dollars overseas, which could be put to better use in this country. And once the economy recovers in a few years the price of gas will spike back to $4 a gallon, so why not get a head start at addressing that issue before people start screaming again. These plans may seem radical to those who like everything the way it is, but any change can seem radical if you have that view.  

And why wasn’t it considered radical to allow banks to create exotic and lethal investment instruments and assemble and sell unaffordable loan packages? Why wasn’t it considered radical to spend hundreds of billions on two wars and not report that spending as part of the overall budget? Why wasn’t it considered radical to pass a health care reform bill that didn’t allow for companies to compete? Why wasn’t it radical to increase the federal debt from $5 trillion to $10 trillion?  

We as citizens will be the ones who determine if Obama’s plans are radical, not the paid-for, corrupt lobbiests that defile the halls of Congress

 

 

Some analysts say Obama’s proposals are almost radical. But he said all of them were included in his campaign promises. “It is the change the American people voted for in November,” he said.

Nonetheless, he said, well-financed interest groups will fight back furiously.

Insurance companies will dislike having “to bid competitively to continue offering Medicare coverage, but that’s how we’ll help preserve and protect Medicare and lower health care costs,” the president said. “I know that banks and big student lenders won’t like the idea that we’re ending their huge taxpayer subsidies, but that’s how we’ll save taxpayers nearly $50 billion and make college more affordable. I know that oil and gas companies won’t like us ending nearly $30 billion in tax breaks, but that’s how we’ll help fund a renewable energy economy.”

via Obama tells powerful lobbies: Bring it on

 

 

Jeff Stahler - Feb 28

Jeff Stahler - Feb 28

 

 

 –Larger layoff announcements and ecnomic reports:

US/Canada:


International:

 

 

          

 

Microsoft/Google/IBM and other Rumors & News

 

* That possibility’s got the blogosphere all “a-twitter,” pardon the pun. Earlier this week, Google activated its Twitter account and all Tweets broke loose. As of Friday morning, Google had more than 26,000 followers.

The speculation is that, in a move similar to its purchase of YouTube, Google is interested in buying Twitter. Now, Google didn’t buy YouTube for its video capability—or at least not primarily. Google acquired YouTube in large part for its search tools. And it has paid off. Last summer, ComScore reported that YouTube’s search traffic for August surpassed Yahoo’s, which dropped some 5 percent in traffic from July.

via Wedding Bells For Google And Twitter? – The Channel Wire – IT Channel News And Views by CRN and VARBusiness.

 

General Economic News

 

* SAN FRANCISCO (Reuters) – California Governor Arnold Schwarzenegger on Friday declared a state emergency due to drought and said he would consider mandatory water rationing in the face of nearly $3 billion in economic losses from below-normal rainfall this year.

As many as 95,000 agricultural jobs will be lost, communities will be devastated and some growers in the most economically productive farm state simply are not able to plant, state officials said, calling the current drought the most expensive ever.

via California declares drought emergency | Environment | Reuters .

 

* New unemployment figures from the state of California are alarming. They show that one in ten people have lost their job.

via California unemployment rate at 10.1 percent – 2/27/09 – San Francisco News – abc7news.com.

 

 

* Carrie Lopez, director of the Department of Consumer Affairs, charged taxpayers to fly from Sacramento, where she works, to Los Angeles, where she lives, to attend a Justin Timberlake concert with her daughter. She listed the trip on her expense report as a meeting with the energy company that paid for the concert tickets. Lopez also billed the state for meals on days she received those meals for free from corporations, according to state records.

Rosario Marin, head of the State and Consumer Services Agency, blamed a miscommunication for her failure to repay $582 the state spent to fly her to Washington in July to speak at the Woodrow Wilson International Center for Scholars, an appearance for which she received $1,000. She reimbursed the state for the airfare after The Times inquired about the trip last month.

via California paid for top officials’ free rides – Los Angeles Times.

 

* WASHINGTON (AP) — The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.

The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month. It also was considerably weaker than the 5.4 percent annualized decline economists expected.

via The Associated Press: Economy shrinks at fastest pace in 26 years.

 

 

Ben Sargent - Feb 27

Ben Sargent - Feb 27

 

 

 

Municipal News

 

* The Dallas Housing Authority cut several jobs Friday after going over its budget for administrative costs in recent years.

US and some Canada News

 

* (Rochester, N.Y.) – Bausch and Lomb is cutting around 30 financial workers. The workers are based at the optics Center on North Goodman Street.

via Bausch and Lomb to Cut 30 Jobs – 13WHAM.com .

 

* New Haven (WTNH) – Yale University says as many as 300 employees could be laid off as the University copes with the economic downturn.

According the Yale Daily News , those who lose their jobs during the next six months will recieve double severance benefits. The University is also looking to cut staff salaries.

via Yale announces layoffs | WTNH.com.

 

* Faced with a 35 percent decrease in revenue, Selee Corp. laid off 23 hourly employees Friday.

It’s the first time since the early 1980s that the company has had to resort to layoffs, said President Mark Morse. The Hendersonville technical ceramics company specializes in the design and manufacture of porous technical ceramics and metals.

via Selee slashes 23 jobs | BlueRidgeNow.com | Times-News Online | Hendersonville, NC.

 

* LARGO — CVS Caremark plans to close its mail-order prescription drug operation here at the end of the month, eliminating 230 jobs.

 

*A manufacturing company is laying off employees at both of its facilities in northwest Iowa. Rosenboom Machine and Tool Human Resources Manager Jack Schreurs says the cuts include 12 permanent and 65 temporary layoffs in Sheldon and 19 permanent and 75 temporary layoffs in Spirit Lake.

via Radio Iowa: Company lays off workers in Sheldon, Spirit Lake.

 

* St. Cloud manufacturer Park Industries on Friday released statement saying it cut its staff but it wouldn’t say how many people it let go.

The company could not be reached for comment. The news release states Park Industries “would not comment” on the number of people affected by the cutbacks.

via Park Industries announces job cuts, number unknown | sctimes.com | St. Cloud Times.

 

* Another 84 full-time employees will be laid off at three-hospital William Beaumont Hospitals in Royal Oak, according to a hospital statement released Friday.

via Beaumont Hospitals to lay off another 84 employees – Detroit Business News and Information – Crain’s Detroit Business .

 

* The Boston Herald said today it needs 20 employees, about 5 percent of its staff, to take buy-outs as the recession takes a toll on advertising.

via Boston Herald to cut 20 more jobs – Daily Business Update – The Boston Globe.

 

* FOREST CITY, Iowa – Winnebago Industries is cutting pay and work hours in an effort to cut expenses and save jobs.

The Forest City-based motor home maker says most salaried employees will see a 3 percent cut in pay beginning March 1. Vice presidents will lose 10 percent of their paychecks, while Chairman and Chief Executive Bob Olson will receive a 20 percent salary cut.

The company also says workers must take a weeklong “unpaid leave of absence” in the company’s fiscal fourth quarter, with most taking June 29 to July 3.

via Winnebago Industries cuts salaries and hours –– chicagotribune.com.

 

* Hearst said it should not be assumed the reductions will result in the layoff of one-fifth of the paper’s payroll, which would equal roughly 90 people.

“We are already moving toward that 20 percent (cost reduction),” he said, noting a recent cut in newsprint use, among other changes.

via Times Union says it will cut staff size –– Page 1 — Times Union – Albany NY.

 

* Pearl River Casino Resort is continuing cost-cutting, this time reducing its workforce by 40 employees.

via Pearl River casino cuts 40 jobs | clarionledger.com | The Clarion-Ledger.

 

* The impact of the recession has caught up to Horizon, causing restructuring and benefit changes.

CEO Bill McKell confirmed Friday the company has had a reduction in mid-level management through both retirements and layoffs that included severance packages. The post-retirement benefits were eliminated for non-union employees, and the union recently voted to allow its post-retirement benefits to be terminated in lieu of layoffs.

via Horizon cuts retirement benefits, some positions | chillicothegazette.com | Chillicothe Gazette.

 

International News

 

* German tyre group Continental plans to close a French plant and cut some 1,500 jobs, the Europe 1 radio station reported on Saturday quoting labour union sources.

The lay-offs, if confirmed at a Mar. 16 extraordinary meeting of the works council, would be the biggest wave of redundancies in the French auto sector since the global economic crisis started.

via Continental to cut 1,500 jobs in France: radio | Motoring | Reuters .

 

* NEW DELHI – Software firm Sapient has laid off 300 employees at its offices in Bangalore, Noida and Gurgoan as a result of the global economic downturn, which has impacted several IT firms.

via India Journal – South Asian News for Southern California.

 

Cia. de Bebidas das Americas will shut a plant in Sao Paulo and cut 146 jobs as part of a cost- reduction plan, O Estado de S. Paulo reported, without saying where it got the information.

via Bloomberg.com: Latin America.

 

* Edinburgh-headquartered firm Dundas & Wilson has announced a redundancy consultation with up to 50 people across its three offices at risk of losing their jobs.

 

* Britain-based BBA Aviation will cut 350 jobs this year due to the fall in demand for private jet travel.

BBA, which provides services fro businesses and commercial jets, suffered a 20 percent decrease in demand for private jet travel in the last quarter of 2008.

via BBA Aviation to cut 350 jobs | Private Jet Daily.

 

Hiring News

 

* Wegmans, the high-end grocery chain that has built five markets in the Philadelphia region in six years, said yesterday that it would hire about 600 workers for a store in Collegeville due to open in October.

Hiring for the new 132,000-square-foot store – which will feature what is being billed as the first pub in a Southeastern Pennsylvania supermarket restaurant – will begin this month, with interviews taking place the final week of March, said Blaine Forkell, a 26-year Wegmans veteran who will manage the store. (Application information is at http://www.wegmans.com.)

via 600 hires and pub at new Wegmans | Philadelphia Inquirer | 02/28/2009.

 

* It may still be snowing outside, but the Forest Service is getting ready for its 2009 field season and will soon hire temporary, summer workers.

While most temporary employees will not actually start work until late in the spring or early summer, officials will begin reviewing applications and selecting temporary employees by mid-March.  The Forest Service is encouraging potential applicants to complete their applications as soon as possible. 

via Montana’s News Station – Fair. Accurate. To the Point. –Forest Service to begin summer hiring.

 

Mike: I keep receiving this note in the comment box, so I’ll post it and hope that this helps a few of you looking for work

About.com choose 3 websites where job seekers got the best results –

http://www.linkedin.com (networking for professionals)
http://www.indeed.com (aggregated listings)
http://www.realmatch.com (matches you to the perfect job)

For those looking, good luck!

 

Mike: I’ll try to add more news as the weekend goes along…………..

 

 

Rob Rogers - Feb 28

Rob Rogers - Feb 28

 

 

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February 27 – GDP contracts at a staggering 6.2% pace – Japan’s FDK Corp to zap 4,800 – GM cuts 1,633 jobs in BR – Layoff List exclusive: Up to 600 will be cut at Hamilton Sundstrand – GAP to close 100 more stores – 24 K-Marts to close – Sub-Zero Freezer cuts 350 – Latham layoffs at 440 – Sam’s Club Canada stores closing: 1200 jobs at risk – NiSource to cut up to 380 – Pilgrim’s Pride slashes 3000

Mike: Hello to all this Friday. While there are no specific job loss reports due today, the job markets will be influenced by the GDP  (Update: contracted at a staggering 6.2 percent pace) and NAPM-Chicago (Update:improved 34.2 in Feb vs 33.3 in Jan) reports. The mood of the “consumer” will be shown in the Consumer Sentiment (Update: U.S. consumer confidence fell to a three-month low) number at 10am. 
Mike: One of our readers, Troy, posted the following in the February 13 edition of The Layoff List:

Millions of Americans who lost their jobs prior to September 1, 2008 could not afford Cobra. Millions more elected Cobra but have now depleted their resources and can not continue on. Still millions more with pre-existing conditions who rely on cobra to bridge the 18 month gap between their former employers insurance and their state’s high risk insurance pools are struggling to pay their premiums every month to prevent being locked out of insurance permanently.  

Please join us in asking Congress and the Obama administration to eliminate the arbitrary September 1, 2008 cut-off date and 9 month limitation of assistance by signing our petition at ipetitions http://www.ipetitions.com/petition/cobrareform/ (search under cobra reform or click on my name above) and telling your friends about our efforts.

Mike: I urge the readers of The Layoff List to help out Troy and sign the petition at http://www.ipetitions.com/petition/cobrareform/ to improve the COBRA legislation.


 

My media complaint of the day:
Yesterday we had the weekly jobless claims number, which was a disturbing 667,000 – the highest number since 1982. Some news organizations reported that the numbers weren’t as bad as those in the 1970s and 1980s because of population increases, but they don’t give the same attention to the monthly unemployment numbers – currently at 7.6% – which were changed during the Clinton administration. The actual employment rate, when factoring in the “discouraged workers” who removed from the unemployment numbers in 1998 stand at 13.9%. Yet the MSM still sticks to the government line and doesn’t report that discrepancy. So while the 667,000 jobless claims reported on Thursday are less, percentage wise, than in the 70’s and 80’s, the actual unemployment rate is higher now than the 10.8 % unemployment rate reported at the peak of the 1982 recession.  Note the U6 level below and you will get a better picture the actual unemployment rate.

Chart of U.S. Unemployment

Mike: And as long as I’m thinking of it, why hasn’t the media pointed out that from January 15 to February 26 the weekly jobless claims number increased from 524,000 to 667,000. Not being a math wiz, but that’s 143,000 more unemployed in the span of five weeks!  That’s nearly a 22% jobless claims increase in that five-week span, yet the attention paid to that unsettling detail is marginal at best.
Mike: If you are interested in seeing the monthly unemployment rates from 1948 till now, take a look at the Civilian Unemployment Rate.
Rob Rogers - Feb 27

Rob Rogers - Feb 27

Larger layoff announcements and economic news:
US/Canada:


International:
                                 

 

Microsoft/Google/IBM and other Rumors & News

 

msft7* Microsoft is postponing, by about two weeks, the planned cuts in the amount it pays employment firms for many of its temporary workers, a spokesman confirmed this afternoon. The cuts had been set to start March 2, but they’re now slated to go into effect around mid-month.

via Microsoft delays temp cutbacks – TechFlash: Seattle’s Technology News Source.

 

msft9* Microsoft may have just accomplished what the WashTech labor union tried to do for years — motivating its workers to band together and fight for their common interests. At least, that’s the aim of a new site called MSRateCuts.org, which objects to the pay cuts expected to result from Microsoft’s decision to reduce the rate it pays the agencies that provide many of its temporary workers.

 

msft8* Microsoft on Thursday released a lengthy list of 36 improvements it plans to make to the release candidate (RC) for Windows 7, though the company did not provide any details on when that RC might actually be available.

 

General Economic News

GDP
[Report][Star]
8:30 AM ET
* WASHINGTON (AP) — The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.

The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated by the government last month. It also was considerably weaker than the 5.4 percent annualized decline economists expected.

via Economy shrinks even more than expected in 4Q – Yahoo! Finance.

 

NAPM-Chicago
[Report][Bullet
9:45 AM ET
* Feb 27 (Reuters) – The Institute for Supply

Management-Chicago said on Friday its index of Midwest business

activity rose in February to 34.2 from 33.3 in January.

via TABLE-Chicago PMI index 34.2 in Feb vs 33.3 in Jan | Markets | US Markets | Reuters .

* NEW YORK (Reuters) – U.S. consumer confidence fell to a three-month low in February on expectations that the recession would grind on throughout this year and the jobless rate will keep rising, a survey showed on Friday.

The Reuters/University of Michigan Surveys of Consumers said its final index reading of confidence for February fell to 56.3 from 61.2 in January.

via U.S. consumers’ mood sours in February: survey – Yahoo! Finance.

 

Jobs are being lost at the fastest rate in over 10 years, CBI survey reveals.

Jobs are being lost in the service sector at the fastest rate in over ten years as the recession deepens, the latest CBI Service Sector survey reveals today.

The quarterly survey, conducted between 28th January and 11th February, covers 196 service sector firms – across business and professional services, such as accountancy, legal and marketing firms, and consumer services, including hotels, bars and restaurants, travel and leisure.

Sharp falls in business volumes and profitability were reported by companies for the three months to February, along with plans to scale back investments and jobs.

via Financial news, business, blogs, finance director jobs – Director of Finance Online.

 

* WASHINGTON – Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report.

Payments went to a company whose president tried to sell nuclear bomb parts to North Korea, a company that jeopardized lives on the aircraft carrier USS John F. Kennedy, and a seller of body armor that the Air Force said was defective.

The companies were on a government database of 70,000 individuals and businesses suspended or barred by various U.S. agencies from receiving government contract work.

via Firms defraud government but get new US contracts.

 

* Lois Hiebsch’s Social Security check doesn’t stretch as far as it used to —in fact, it’s getting harder and harder for her to make ends meet.

Between her rent at a senior complex in Visalia, groceries and gas prices, there isn’t anything left over at the end of the month.

“I can’t afford to travel to see my children,” the retired former business manager said. “I don’t go anywhere anymore.”

Hiebsch isn’t alone. According to a statewide survey by University of California at Los Angeles, 48.8 percent of Tulare County’s adults over 65 who live alone live in poverty. An additional 26.9 percent of the county’s older couples aren’t able to pay for the basic necessities.

via Survey: Half of county’s seniors live in poverty | visaliatimesdelta.com | Visalia Times-Delta and Tulare Advance-Register.

 

 

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Municipal News

 

* About 50 employees of the Redwood City School District will be told they may lose their jobs after the school board voted Wednesday to issue layoff notices as part of a plan to close a multimillion-dollar budget gap.

via Layoff notices go out to about 50 Redwood City School District employees – San Jose Mercury News .

 

* SPSA, the financially reeling regional waste authority, is laying off 29 employees this week and 13 more next month as part of an effort to cut costs and reduce its overall work force by 15 percent.

via SPSA laying off 42 workers in effort to cut costs | HamptonRoads.com | PilotOnline.com.

 

* NEW HAVEN, Conn. — New Haven Mayor John DeStefano Jr. said layoffs and service cutbacks are being used to balance his budget.

The mayor says 27 city employees, including several executive management workers, are being laid off Friday. He says another 127 layoffs will come at the Board of Education

via New Haven Announces Major Layoffs – Money News Story – WFSB Hartford.

 

* ORANGE – The Orange Unified School Board voted Thursday night to cut 34 certificated jobs as part of an effort to trim a projected $30 million deficit over the next two years.

via Orange Unified to cut 34 certified jobs | school, district, million, cuts, elementary – News – OCRegister.com.

 

* The city’s Recreation and Park Department laid off 90 people today, part of a chunk of city layoffs taking place that Mayor Gavin Newsom has said will stretch into the “hundreds.”

 

US and some Canada News

 

hamilton-sundstrand* Hat tip to one of my readersHamilton Sundstrand (Connecticut based division of UTC) told all of its employees today (26th) that there will be layoffs in the near future.  The parent corporations CEO mention in a recent Hartford Courant article that layoffs should be complete by the end of the first quarter. The unfortunate ones number from  from between 400 to 600.  There will also be 5 furlough days off for all employees. 

Mike: If you have information on layoff announcements that haven’t reach the eyes and ears of main stream media, or if there are announcements that I have missed, pass them along and I’ll be sure to post them Mike@layofflist.org

 

gap* The operator of the Gap, Banana Republic and Old Navy chains said it plans to close 100 stores in fiscal 2009 out of more than 3,100 locations. It expects to open about 50 new stores during the year, with about half outside the United States and the remainder focusing on outlet stores.

via Gap quarterly profit falls, to close more stores | Quotes | Company News | Reuters .

 

wal-mart4* Wal-Mart Canada announced a rare failure yesterday, confirming it will close down its six-store Sam’s Club wholesale division after five years of struggling against rival Costco Wholesale Canada Ltd…….

The store closings will affect 1,200 employees. “We are hopeful many associates will obtain jobs in other areas of our business and expect the number of associates ultimately affected to be significantly less than 1,200,” he said.

via Wal-Mart to close Sam’s Clubs in Canada.

 

pilgrim_s-pride* PITTSBURG, Texas — Pilgrim’s Pride Corp. said Friday it will cut 3,000 jobs as it shuts down operations at three of its 32 chicken processing plants.

The closures, which will reduce the company’s chicken production by roughly 10 per cent, are designed to save the company US$110 million a year as part of an ongoing restructuring. The company filed for Chapter 11 protection in December under a heavy debt load.

via The Canadian Press: Pilgrim’s Pride to shut operations at 3 plants.

 

pilgrim_s-pride1* Chicken processing company Pilgrim’s Pride is closing three processing plants to create $110 million in annualized net savings in the midst of a rocky economy where the company’s supply outweighs market demand.

The plant closings will impact 3,000 people, or 7 percent of Pilgrim’s Pride’s U.S. work force. About 430 independent contract growers also will be impacted.

via Pilgrim’s Pride announces 3 plant closings – Dallas Business Journal: .

 

* A Honda supplier will permanently eliminate 200 jobs in Greenfield, a sign that Indiana’s weak economy could persist beyond 2010.

Tokyo-based Keihin Indiana Precision Technologies confirmed Thursday that it will cut about 20 percent of its workers by April 10 in the air- and fuel-systems plant east of Indianapolis.

via Honda supplier in Hancock County to cut 200 jobs | IndyStar.com | The Indianapolis Star .

 

aaa* AAA said today it’s closing six offices in the Las Vegas area as part of a campaign to reduce costs.

The insurance company and motorists’ club for Northern California, Nevada and Utah said the Las Vegas-area cuts are part of a plan to cut 17 of its 120 branch offices and reduce its workforce by about 250 positions.

Five of the affected branch offices are in Northern California. Eight are in Nevada and four are in Utah.

Besides laying off about 250 people, an additional 50 open jobs will not be filled.

via AAA announces layoffs, six offices to close – Las Vegas Sun.

 

Excellus Blue Cross Blue Shield today laid off 17 employees, less than 1 percent of its total upstate New York work force of 3,600.

via CNYBJ:Lead News.

 

* Trane released a statement today announcing that, on Tuesday and Wednesday, the company informed employees that another 45 hourly production employees are being laid off due to reduced orders for Clarksville products.

via theleafchronicle.com | The Leaf-Chronicle | Serving Clarksville, TN.

 

* As expected, the Recording Industry Association of America, the lobbying group of the four largest music labels, has laid off between 30 and 40 people.

via Sources: RIAA cuts more than 30 jobs | Digital Media – CNET News.

 

* The Liberty Science Center in Jersey City laid off 37 employees today, according to Elizabeth Romanaux, vice president of communications.

via Hudson Reporter – News, Events, Classifieds, and Businesses in Hudson County, New Jersey.

 

cisco4* Cisco Systems eliminated nearly 30 jobs at its Research Triangle Park campus this week, part of a larger effort to reduce costs as sales slow at the technology company.

via Cisco Systems cuts fewer than 30 jobs in RTP – Business – News & Observer.

 

trubion* Trubion Pharmaceuticals said today that it will lay off 25 employees, about one quarter of its work force, as the Seattle biotechnology company shrinks the number of product candidates it is pursuing.

via Business & Technology | Trubion lays off 25 as biotech sector struggles | Seattle Times Newspaper.

 

* SAN FRANCISCO—Test-equipment supplier Keithley Instruments Inc. plans to discontinue its S600 Series parametric testing product line and cut 6 percent of its workforce due to lack of demand amid the economic downturn.

via EETimes.com – Keithley cuts more jobs, halts product line.

 

medtronic1* Medical-devices giant Medtronic Inc. (MDT) plans to freeze its workers’ base salary and trim compensation for its executive team in an effort to control costs while it faces economic and market pressures.

The Minneapolis-based company is also considering layoffs, although no specific decisions about how many employees could be cut, or from which areas, have been made, spokesman Steve Cragle said Thursday. Reductions would start in the 2010 fiscal year that begins May 1.

via Medtronic Freezing Pay, Eying Layoffs Amid Econ Pressure.

 

akeena-sola* Akeena Solar Inc. said Thursday lost $9.2 million, or 32 cents a share, in the fourth quarter, and would cut 20 jobs, or about 10 percent of its total staff.

via Akeena Solar loss widens, 20 jobs cut: bizjournals.com Business News – MSN Money.

 

* For the second time in a year, a Rubbertown chemical plant is closing and dismantling its facilities.

Closing the OxyVinyls plant will cost about 75 jobs, said Stacey Crews, a company spokeswoman.

via Rubbertown OxyVinyls plant to close | courier-journal | The Courier-Journal.

 

fruit-of-the-loom* WETUMPKA, Ala. (AP) — Fruit of the Loom has announced it will close its carpet yarn plant in Wetumpka, cutting 138 jobs.

via Fruit of the Loom to close Wetumpka yarn plant, idling 138 workers – WHNT.

 

Sears told employees today that it will close a Kmart store at 300 Summit Drive in Lockport as part of its latest announcement that it will close another 24 stores due to poor sales.

via Sears to close Lockport Kmart store :: CHICAGO SUN-TIMES :: Business.

 

chrysler6* Chrysler LLC will lay off as many as 150 people next month for an indefinite period at its Kenosha engine plant in response to slowing sales.

via Chrysler will cut up to 150 jobs at Kenosha plant – JSOnline.

 

 

Mike Luckovich - Feb 26

Mike Luckovich - Feb 26

 

archer-daniels-midland* Archer Daniels Midland announced Thursday that it will lay off an undetermined number of workers at its Jackson plant within the next few months.

via Food processing plant to cut jobs | jacksonsun.com | .

 

* KOLKATA: As part of cost cutting measures to tackle global economic downturn, IT major TCS today said job cuts are possible and also ruled out salary hikes next year.

via TCS freezes salary, may cut jobs – Software & Services-News-Indiatimes – Infotech.

 

dell* Dell has posted a slump in profits for the full year ended 30 January, and it now plans to make a further $1bn in annual cost savings by 2011.

The firm is already conducting a $3bn annual cost savings programme by 2011, which has led to thousands of axed jobs. Dell now says the cost saving target is $4bn annually, meaning more jobs will go.

via Dell plans more job cuts as profits slump | 27 Feb 2009 | ComputerWeekly.com.

 

stantec-engineerin* Stantec Engineering joined the parade of mining sector layoffs by handing out 11 pink slips in North Bay and six in Sudbury this week.

It was the second round of workforce reduction blamed on the industry’s worldwide slowdown for the company formerly known as McIntosh Engineering. There were 11 layoffs split between the two centres in December.

via Stantec cuts 11 jobs in city – The North Bay Nugget – Ontario, CA .

 

* SEATTLE—Seven people were laid off at the University of Washington’s contemporary art museum last Friday, the Seattle alternative weekly The Stranger reports.

via Layoffs at University of Washington Museum – ARTINFO.com.

 

* JW Peters Inc., a Burlington manufacturer of precast and prestressed concrete, has informed state officials that it plans to cut 81 employees in what management believes is a temporary layoff.

via JW Peters sets temporary layoff of 81 – The Business Journal of Milwaukee: .

 

* UTICA, N.Y. (WKTV) – A day after it was revealed that re-organization efforts at Excellus BlueCross Blue Shield would result in layoffs, NEWSChannel 2 now learns that the total number of employees being let go will be 8.

via 8 layoffs at Excellus; employees given opportunity to apply for other positions | NBC-WKTV News Channel 2 | Local News .

 

sub-zero-freezer*  Sub-Zero Freezer/Wolf Appliance, a builder of refrigerators, freezers and cooking appliances with facilities in Madison and Fitchburg, announced Thursday it plans to lay off up to 350 local employees on or after May 1.

via Sub-Zero Freezer/Wolf Appliance cuts 350.

 

* More than 25 percent of the staff at Liberty Science Center in Jersey City was laid off today, officials there confirmed this morning.

via 37 layoffs at Liberty Science Center in Jersey City – Hudson County – NJ.com .

 

* The Augusta Chronicle reduced its workforce today according to Don Bailey, president of the newspaper. The positions were eliminated across a variety of departments. Mr. Bailey attributed the reductions to difficult economic conditions.

via Chronicle announces layoffs 022609 – The Augusta Chronicle.

 

kulicke-soffa* Kulicke & Soffa Industries Inc. plans to let go of 215 employees, according to a filing the company made with the Securities and Exchange Commission on Wednesday.

via Another 215 layoffs planned at Kulicke & Soffa – Philadelphia Business Journal: .

 

miami-univer1* OXFORD — Seventy-three Miami University employees will be informed next week their jobs will be eliminated as the university scales back 216 positions between its campuses.

A total of 216 classified and unclassified positions will be eliminated as Miami cuts its $22 million budget deficit, Miami President David Hodge told staff and faculty this week in a letter.

via Miami University to cut 216 jobs; 9 at Middletown campus.

 

footjoy* FootJoy will go the route of other shoe-related companies in Brockton as it falls victim to the dismal economy and shrinking demand for its products.

FootJoy is closing its manufacturing operation here, leaving 103 people without jobs.

via FootJoy plant that makes golf shoes in Brockton is closing, sunk by weak economy – Brockton, MA – Wicked Local Brockton.

 

wal-mart3* But Brinkley officials say it’s what’s keeping many families there. It’s been the backbone of the town for more than 35 years. It accounts for the majority of the sales tax and supports 48 jobs, making it the biggest business in the city of 3,900.

Mayor Barbara Skouras says, “That old saw that Wal-Mart ruins towns, maybe they did 35 years ago, but they certainly have been an asset to our community in recent years.”

via Wal-Mart Closing Its Brinkley Store – todaysthv.com | KTHV | Little Rock, AR .

 

* Hartford-based Phoenix Cos. said Friday it will cut more than 250 jobs — about 25 percent of its staff — and reported a net loss of $424.3 million for the fourth quarter of 2008 and a $772 million loss for the year.

via Phoenix To Cut 250 Jobs — Courant.com.

 

latham-watkins* US firm Latham & Watkins is to lay off a total of 440 employees across its global network.

Earlier this morning managing partner Bob Dell emailed the entire firm announcing a plan to shed 12 per cent of its associate ranks, the equivalent of 190 people, and 10 per cent of all paralegals and staff.

The firm’s London office will lose 15 employees.

via Latham to cut 440 jobs as workloads plummet – 27 February 2009.

 

* SAC Capital Advisors is the latest hedge fund firm to cut jobs, with the Connecticut hedge fund giant laying off back-office employees.

No investment staff are affected by the staff reductions, according to published reports. But between 30 and 40 operations support staff will lose their jobs.

via SAC Cuts Back-Office Jobs | FINalternatives.

 

* In order to return to profitability, Sotheby’s announced it would cut 15% of its workforce, or around 245 employees, in 2009.

via Dividend Stocks – The Dividend Daily » Blog Archive » Sotheby’s Swings to $8.45 Million Q4 Loss, Cutting Jobs (BID).

 

* Amarr Garage Doors on Thursday laid off another 18 employees in Lawrence, less than three months after the manufacturer cut 100 jobs amid a weak national housing market

via Amarr Garage Doors lays off 18 more workers – KTKA.com.

 

jcrew* SAN FRANCISCO (MarketWatch) — J. Crew Group Inc. said Friday it will cut 95 jobs, or about 10% of its workforce, to reign in costs. Most of the job cuts will affect the retailer’s New York offices. J. Crew also said it will suspend matching contributions for employees’ 401(k) plans, and eliminate merit based wage increases.

via J. Crew to cut 95 jobs, or 10% of workforce – MarketWatch .

 

nisource* Energy holding company NiSource Inc. on Friday said its business segment, NiSource Gas Transmission & Storage (NGT&S), will slash 370 to 380 jobs, across its 16-state operating territory over the course of 2009.

via NiSource to cut 370 to 380 jobs in 2009 – Forbes.com.

 

* Univera Healthcare said today it has cut 17 employees in its case management division, as it reorganizes the unit to cut costs and operate more efficiently.

via Univera cuts 17 jobs in Western New York : Latest Local News : The Buffalo News.

 

* Standard Solar Inc. has laid off 14 percent of its staff, and chosen not to renew two consultant contracts, citing a down economy as the reason for not growing as fast as anticipated.

via Standard Solar lays off nine people – Washington Business Journal: .

 

* COSHOCTON — More than 30 employees of Coshocton Ethanol, LLC were officially laid off Friday as the trend continues for production of the renewable fuel to be unprofitable.

via Ethanol plant lays off employees | coshoctontribune.com | Coshocton Tribune.

 

* Workers at Fargo`s Case-New Holland plant have been told of layoffs.

The company confirms 140 workers will be laid off next month and describes the layoffs as indefinite.

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

 

atk* BRIGHAM CITY — ATK Launch Systems has put its employees on alert, saying it plans to lay off 300 employees from the company’s three Utah locations by the end of March.

via Deseret News | ATK to lay off 300 by end of March.

 

* MURFREESBORO, N.C.—Metal Tech cut more than a fourth of its workforce Thursday, citing slow business.

“I didn’t lay off 20 employees; I laid off 20 family members,” said Ray Felton, who owns the company with his son, Brock. “It was the toughest day of my life.”

via Tidewater News | Metal Tech lays off 20.

 

tiara-yachts* Holland, MI — Without orders to fill, Tiara Yachts is laying off 3/4 of its workforce.

“These people are not being terminated. We just don’t have the work for them right now,” Dave Walsh, marketing director, said.

via Tiara Yachts laying off 300 – Holland, MI – The Holland Sentinel.

 

* FREEHOLD TOWNSHIP — Eleven employees will be laid off and another nine positions will be eliminated, under a plan to be submitted to the state, township officials announced Thursday.

via 11 will be laid off in Freehold Twp. | APP.com | Asbury Park Press.

 

* Lowenstein Sandler laid off about 8 percent of its attorneys on Thursday. The Roseland, N.J.-based law firm let go of 21 lawyers and 32 staff employees and reduced its incoming associate class size by three spots.

via Law.com – Lowenstein Sandler Lays Off 8 Percent of Attorneys .

 

* McCann today confirmed cutting 40 people, or 5 percent of the staff, in its San Francisco. The cuts were made yesterday. The San Francisco outpost works on Microsoft, Microsoft Xbox, Hewlett Packard’s global computers business and Cathay Pacific.

via More Cuts: McCann S.F. Trims 40.

 

* Castle & Cooke Hawaii has laid off 50 people at its Oahu and Lanai operations over the past six months, citing the slowdown in tourism and the real estate market.

via Castle & Cooke Hawaii cuts staff – Pacific Business News (Honolulu):

 

 

International News

 

 

gm26* General Motors Corp (GM.N) said on Thursday it would lay off more than 1,600 workers at one of its plants in Brazil and had put another 900 workers on paid leave for 30 days.

 

boart-longyear* BOART Longyear has posted a rise in annual profit but reduced its capital spending, suspended dividends and cut its global workforce by 20 per cent amid the sector downturn.

The drilling services contractor, which has axed more than 2000 jobs since late last year, warned of further job losses in the calendar year as it looks to reduce costs.

via Boart Longyear cuts workforce | The Australian.

 

fdk* FDK Corp, an affiliate of Japanese electronics firm Fujitsu Ltd, said on Friday it will cut 4,800 jobs or 40 per cent of its workforce at home and abroad to cope with a steep business downturn.

 

* Responding to speculation that a restructure of its sales and operational arm had led to some job losses, the firm issued the following statement: “Bailey Teswaine can confirm that it has recently entered into a period of consultation, which has resulted in a small number of redundancies.”

via Bailey Teswaine confirms redundancies – 26 Feb 2009 – CRN.

 

* A LIGHTING company has confirmed it is to cut 85 jobs – less than a month after the official opening of its £28m plant.

Thorn’s factory and training academy, in Spennymoor, County Durham, was welcomed by, among others, Business Secretary Lord Mandelson who heralded it as creating a “durable legacy”

via Thorn to cut jobs after opening £28m plant (From The Northern Echo).

 

* The Kent Messenger Group, which runs newspapers, radio stations and websites, has announced plans to cut 159 jobs – with 32 at risk in editorial.

The Folkestone and Thanet district offices could close in the cost-cutting proposals, with staff moving to Ashford and Whitstable.

via More than 150 jobs to go at Kent Messenger Group – Press Gazette.

 

* An historic Walsall foundry is to shut shedding around 150 jobs, it was announced today.

Ductile Wesson at Victoria Steel Works, in Moxley, will begin closing down on April 3, shutting the door on 200 years of steel-working history.

via 150 jobs to go at foundry : Express & Star.

 

loreal* PARIS -(Dow Jones)- French cosmetics giant L’Oreal SA’s (12032.FR) Body Shop chain Friday said it will cut 275 jobs, or about 3% of its workforce, worldwide, as the unit steps up efforts to respond to plummeting sales.

via Actualité de la bourse sur L’Oréal – OR : interviews, rumeurs de marchés, analyses, dossiersEasyBourse.

 

Hexaware to lay off 500 – Feb. 27: Walloped by recession, IT and BPO services provider, Hexaware Technologies will trim its workforce across India.

via The Asian Age – Enjoy the difference .

 

pacific-brands3* Clothing company Pacific Brands says it will consider a federal government request to rethink its decision to cut 18 hundred and 50 local manufacturing jobs.

Industry Minister KIM CARR met executives of the company yesterday, asking them to keep some or all of their Australian factories open.

via Sky News: Pacific considering rethink on job cuts .

 

Hiring News

 

* JACKSON, Miss. – A furniture manufacturer says it will add 125 new jobs at a north Mississippi plant as part of a consolidation of its North American operations that includes a Michigan facility closing.

Mississippi Gov. Haley Barbour announced the expansion of United Chair in Bruce at a news conference Thursday in his capitol office. A chair made by the company was on display.

via North Mississippi furniture plant to add 125 jobs — chicagotribune.com.

 

Mike: More news as the day develops………..

 If you have information on layoff announcements that haven’t reach the eyes and ears of main stream media, or if there are announcements that I have missed, pass them along and I’ll be sure to post them Mike@layofflist.org

 

Mike: I’ll try and put together a Weekend Update, but with family visiting, it may be short and sweet. With a busy week of layoff news and disappointing economic reports behind us and the weekend upon us, let’s try and forget those sour notes for a more sweet sound.

 

 

 

Dilbert - Feb 26

Dilbert - Feb 26

 

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February 26 – Weekly jobless claims at record 667,000 – Continued jobless at record 5.11 million – JPMorgan to cut 14,000 jobs – Republicans continue to reject additional aid for unemployed – Nissan cutting 1,400 in SP – Durable goods orders plunge – Cisco layoffs start with 250 – 40,000 jobs cut at UK town hall? – Xerox eyes more layoffs – Rocky Mountain News closing – Sales of new homes tumble to record low pace

Mike: I hope you are all having a fine day. Looks like a very busy day ahead for unemployment news. 

Some companies are releasing earnings numbers, with their associated job cut notices, but today’s most important economic report is the Jobless Claims,  which is reported at a record 667,000,  followed by the New Home Sales,  and Durable Goods Orders numbers. Durable Goods Orders declined for a record sixth month in a row. 
Mike: The headlines read that 667,000 new jobless claims were filed last week, but within those headlines are misstatements such as the following from CNN Money:
     

He noted that weekly filings, adjusted for population growth, would have to exceed the 1 million mark in order to break the jobless claims reported from the mid-1970s and early 1980s.

via Jobless claims spike to 667,000 – Feb. 26, 2009 .

 

Mike: I notice that this story seems to be fine with accounting for population growth to give a better picture of the job loss numbers. After all there are millions more in the workforce now than there were 30 years ago, but these same outlets don’t account for the change in unemployment reporting that occurred during the Clinton administration, which increases the unemployment rate. It would be nice if our trusted news organizations were a little more truthful in their reporting.

 

Larger layoff announcements and job related economic reports:

US/Canada:

International:
Robert Ariail - Feb 26

Robert Ariail - Feb 26

                            

 

Microsoft/Google/IBM and other Rumors & News

 

apple* Apple’s annual shareholder meeting was dominated, as usual, by groups using the event as a soapbox for furthering their political agenda. Apple COO Tim Cook only answered a couple real questions from individuals, and the crowd sang out happy birthday to Steve Jobs, who was away on medical leave.

The hour long meeting was consumed by four largely symbolic shareholder proposals that failed to pass in a preliminary tally of votes, each of which was rallied against by Shelton Urlick, a staunch conservative who grew increasingly upset as he voiced his opinions on various measures.

via AppleInsider | Apple shareholder meeting dominated by politics.

 

msft5* A chief executive has to work pretty hard to push his shares lower on a day when the market overall is surging.

Microsoft Corp. CEO Steve Ballmer managed that feat Tuesday: The software titan’s stock was the only one of the 30 issues in the Dow Jones industrial average to decline.

Microsoft slipped 4 cents to close at $17.17. It traded at midday at a new 11-year low of $16.36.

via Microsoft warns of a long workout after economic ‘reset’ | Money & Company | Los Angeles Times.

 

msft6*The thousands of contractors who work at Microsoft through third-party agencies are facing pay cuts beginning Monday, as Microsoft continues to look for ways to cut costs.

Microsoft and its contracting agencies agreed to a 10 percent cut in the bill rate, impacting all temporary worker assignments. Several contract employees have said the reduction is being passed on to them in the form of a pay cut. One person said some agencies are seeking to pass deeper pay cuts onto their workers. Several contractors contacted The Seattle Times, asking for anonymity for fear that speaking out would jeopardize their jobs.

via Microsoft Pri0 | Microsoft temps face 10 percent pay cut | Seattle Times Newspaper Blog.

 

apple1* Regardless of what Apple honchos said at today’s shareholder meeting, I have come to the sad conclusion that Steve Jobs will never return to the helm at Apple. This is another of those “I hope of am wrong, but . . .” posts that I hate to write. But, skipping the shareholder meeting is a more than subtle hint that Jobs won’t be back in the active role he’s enjoyed, if at all.

 

General Economic News

 

* Feb. 26 (Bloomberg) — Orders for U.S. durable goods fell for a record sixth consecutive month in January, signaling companies are cutting back on spending as customers worldwide retrench.

The 5.2 percent drop was more than twice as large as projected and followed a 4.6 percent decrease the prior month, the Commerce Department said today in Washington. Comparable data began in 1992. Excluding transportation equipment, orders fell 2.5 percent.

via Bloomberg.com: Worldwide.

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

* Feb. 26 (Bloomberg) — First-time claims for U.S. unemployment benefits unexpectedly rose last week and total benefit rolls soared to a record high, a sign companies may keep shedding jobs as the recession worsens.

First-time unemployment applications increased by 36,000 to 667,000, the highest since 1982, in the week that ended on Feb. 21 from a revised 631,000 the prior week, the Labor Department said today in Washington. The number of people staying on benefit rolls rose in the previous week by 114,000 to 5.112 million.

Job losses are crippling the consumer spending that makes up about 70 percent of the economy, threatening to prolong what may be the worst recession in the postwar era. President Barack Obama is counting on his $787 billion stimulus, to help stop the slide by creating 3.5 million jobs, and a separate plan to keep Americans struggling with mortgage costs from losing their homes.

via Bloomberg.com: Worldwide.

 

 

Mike: I wonder if these Republicans still think that giving the unemployed a few extra bucks is still a bad idea? There’s a constant Republican cry to cut taxes on businesses, but when times are tough and these same businesses shed jobs by the millions, shouldn’t those that were left jobless by these companies get at least enough money to survive until the next job comes along? There is no better way to show how these Republicans think more of big business than they do of the struggling person looking for work

* Jefferson City — Lt. Gov. Peter Kinder and Republican legislative leaders want Missouri to reject millions in federal stimulus dollars for increased unemployment insurance, saying the legislation would burden businesses with new taxes in future years.

New Home Sales
[Report][djStar]
10:00 AM ET
* WASHINGTON (AP) — New-home sales tumbled to a record-low annual pace in January and there’s no relief in sight as mounting damage from the collapsed housing market pushes the country deeper into recession.

The Commerce Department reported Thursday that sales fell 10.2 percent to a seasonally adjusted annual rate of 309,000, the worst showing on records going back to 1963. It was a weaker showing than the pace of 330,000 that economists expected, and shattered the previous all-time monthly low set in September 1981.

via New-home sales tumble to record low pace in Jan. – Yahoo! Finance.

Jeff Stahler - Feb 26

Jeff Stahler - Feb 26

 

Mike: For those of you who want to see the BLS ten-page PDF on the January Mass Layoff numbers, here you go (the link is a PDF).

* Employers took 2,227 mass layoff actions in January that resulted in the separation of 237,902 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Each action involved at least 50 persons from a single employer. The number of mass layoff events in January decreased by 48 from the prior month, while the number of associated initial claims increased by11,785. Over the year, the number of mass layoff events increased by 751, and the number of associated initial claims increased by 88,834. In January, 738 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 102,577 initial claims. Over the month, mass layoff events in manufacturing decreased by 133, and initial claims decreased by 2,825.

via – http://www.bls.gov/news.release/pdf/mmls.pdf

 

Municipal News

 

* On the heels of layoff announcements at area sawmills and other industries, the Clarke County Commission announced Tuesday that it will cut its 36- person road and bridge department by 15 employees.

via Clarke cuts 15 jobs | www.southalabamian.com | The South Alabamian.

 

nc1

Guilford County has cut 35 positions, including 10 active employees, as it works to create a budget that doesn’t include a property tax increase.

 

* A lack of funding at the Huron County Sheriff’s Office has cost four corrections officers and a dispatcher their jobs.

via Norwalk Reflector | Front | 5 sheriff’s workers laid off.

 

* SOUTH ZANESVILLE – The Village of South Zanesville has had to lay off a police officer and a custodian and won’t be opening the pool due to budget restraints, according to the South Zanesville mayor.

 

 

US and some Canada News

 

jpmorgan-chase* NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:JPM – News) said it is cutting up to 14,000 jobs, more than previously disclosed, as it tries to reduce costs in the face of a slumping economy and higher credit losses.

The second-largest U.S. bank on Thursday said it now expects to shed as many 12,000 jobs from integrating the former Washington Mutual Inc (Other OTC:WAMUQ.PK – News), up from 9,200 announced in December. It also expects to cut up to 2,000 investment banking jobs.

via JPMorgan now cutting up to 14,000 jobs – Yahoo! Finance.

 

cisco2Cisco Systems Inc. (CSCO: News ) eliminated about 250 jobs at its San Jose, California, headquarters, according to reports.

The company has laid off a number of positions in the U.S. and abroad as part of its realignment and restructuring initiative that will chop $1 billion out of its operating budget throughout fiscal year 2009.

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

 

cisco3* Cisco Systems released 250 of its employees from its Milpitas office Wednesday in an effort to “realign and restructure” in order to avoid a larger-scale layoff, according to company executives.

via 250 Bay Area Cisco Systems Employees Get Laid-Off – cbs5.com .

 

* Eclipse Aviation Corp. said it will not contest a motion by senior secured creditors to convert Eclipse’s bankruptcy proceedings to a Chapter 7 liquidation.

 

* OWENSBORO, KY (WFIE) – According to a local official Toyotetsu is laying off 135 production workers, about a quarter of their workforce.

Employees that say they found out shortly after 1:00 Wednesday afternoon that beginning Thursday they no longer need come to work.

via 14 News, The Tri-State’s News and Weather Leader-Workers say jobs cut at Owensboro’s Toyotetsu plant.

 

de-beers-canada* YELLOWKNIFE – De Beers Canada is laying off workers and suspending work with contractors at its Northwest Territories Snap Lake diamond mine.

The company says 128 workers will be let go and another 90 contract employees could join the unemployment rolls.

via De Beers announces 128 layoffs at N.W.T.’s Snap Lake mine | 610 CKTB.

 

* RAWLINS, Wyo. (AP) – Memorial Hospital of Carbon County has laid off seven workers in the past month.

via LocalNews8.com Idaho Falls, Pocatello – Weather, News, Sports – Rawlins hospital lays off 7.

 

sabic* Sabic says it will have to lay off 100-to-125 employees at its Mt. Vernon facility.

via SABIC Layoffs.

 

* WITF already announced a round of layoffs and cutbacks this week following similar cuts in November, reductions that total $687,000. In this latest round, three people were laid off, a fourth position will not be filled, and senior staff members took a second pay cut.

via WITF cites economy in layoffs, cutbacks – PennLive.com.

 

* NORMAN, Okla. (AP) – The Norman Regional Health Care system plans to lay off nearly 200 employees this week amid declining revenue and lower patient volume, company officials said.

via Norman Regional Hospital to lay off nearly 200 – FOX23 News .

 

abitibibowaterAbitibiBowater announced late Tuesday it was temporarily laying off 650 employees from its Fort Frances mill. It was the company’s second round of layoffs at the mill within three months.

via Abitibi lays off 650 in Fort Frances – Kenora Daily Miner and News – Ontario, CA .

 

* However, those were temporary jobs. P&G often hires contract employees who work certain lengths of time at the plant.

via WALB.com News, Weather and Sports for Albany, Valdosta and Thomasville.  | P&G cuts 150 contract jobs.

 

macerich1* The company said it would cut 142 employees from its total workforce of of 2,845, as it realigns its strategic priorities, including expectations for reduced development, the company said in a U.S. Securities and Exchange Commission filing after the close of the market on Wednesday.

via UPDATE 2-Macerich to cut 142 jobs, take charge | Industries | Financial Services & Real Estate | Reuters .

 

interfaceInterface Inc. reported a deeper loss for 2008 and said it will cut another 290 employees.

The Atlanta-based modular carpet company (NASDAQ: IFSIA) had a net loss of $41 million and a loss per share of 67 cents. This compares with a net loss of $10.8 million and a loss per share of 18 cents in 2007.

via Interface to slash jobs amid deeper annual loss – Atlanta Business Chronicle: .

 

* EL PASO, Texas — Fifty-eight jobs at Air Systems Components in Horizon City will be lost in early April, Lauren Macias-Cervantes of Workforce Solutions Upper Rio Grande said.

She also said that 55 jobs will be lost at Stored Value Solutions, a call center located at 20 Founders Lane.

via KVIA.com El Paso, Las Cruces – Weather, News, Sports – Over 100 jobs to be cut in El Paso area.

 

Keller said 20 to 30 jobs will be cut at the office on Breezewood in the Town of Vinland.

Keller blames a “terrible business climate” and said he won’t rule out the possibility of more cuts if the economy doesn’t get better.

via WBAY-TV Green Bay-Fox Cities-Northeast Wisconsin News: JJ Keller Lays Off Office Workers.

 

* High-profile metro Phoenix mall developer Westcor laid off an unspecified number of Valley employees Wednesday as it hunkered down to weather the worst economic recession in decades.

The company declined to say how many jobs were cut, but the number is believed to be about 15 percent, or around 50, at its Phoenix headquarters.

via Economy prompts layoffs at developer Westcor.

 

spansion4* Chipmaker Spansion Inc. has informed the Texas Workforce Commission that it cut 163 jobs in Austin this week, roughly 14 percent of its workforce

via Spansion lists 163 Austin job cuts | Statesman Business Blog.

 

elan-corp* Elan Corp. said it will cut about 230 jobs — including 115 in South San Francisco — as it awaits the results of Phase III trials with its potential Alzheimer’s Disease drug bapineuzumab.

via Elan to cut 115 jobs in South S.F. – San Francisco Business Times: .

 

* Westamerica Bancorporation laid off 38 former County Bank employees Wednesday, beginning its downsizing of the failed Merced financial institution.

via 38 former County Bank workers laid off – Breaking News – Merced Sun-Star.

 

* Coyote Springs says they are laying off some construction workers because of the economy. A spokesman for the massive housing development 55 miles north of Las Vegas says they are doing some downsizing.

via Las Vegas Now | Workers Laid Off at Coyote Springs.

 

* The firm confirmed that 10 staff attorneys have been let go for economic reasons. As of Wednesday afternoon (25 February), there were 76 people listed on the firm’s website under the ‘staff attorney’ category, with some being referred to as senior staff attorneys.

via Dechert lays off 10 more lawyers in the US – Legal Week, legal news, comment, events and legal jobs.

 

A financial services staffing firm has laid off 80 employees at its Hanover headquarters, part of 1,000 jobs the company cut nationwide.

Allegis Group, which recruits workers for accounting and finance, banking, human resources and sales and marketing firms, is the latest victim of a stagnant economy, said Neil Mann, the company’s executive vice president.

via Hanover firm lays off 80 workers (www.HometownGlenBurnie.com – The Maryland Gazette).

 

* The company said the newly announced job cuts, which include 49 workers and 36 open positions that won’t be filled, are in addition to the 150 positions it cut last summer in rebranding its higher-priced Limited Too stores to focus exclusively on its Justice chain. Tween runs 914 stores, 632 of which now display the Justice name. Before the company began the rebranding, it had nearly 600 Limited Too stores.

via Tween reports loss, cuts jobs – Business First of Columbus: .

 

arvinmeritor* TILBURY — The ArvinMeritor plant in Tilbury, which makes brakes for trucks, is shutting down. The Canadian Auto Workers union says it was informed yesterday morning of the decision to close June 3.

via London Free Press – Business – In Brief.

 

farmland-foods* Farmland Foods, Inc. has announced that it will shift spiral ham production to other facilities and close its New Riegel plant in April of this year.

The plant closure will affect approximately 230 hourly and salaried employees. The company will offer transfers to other facilities to some salaried employees.

via The Progressor Times.

 

xerox1* “When you’re in an economy that’s shedding millions of jobs, there’s not a lot of demand for incremental new copier capacity,” said Chris Whitmore, an analyst at Deutsche Bank AG. The slump also means more job cuts are likely at Xerox, he said. The company employed 57,100 people worldwide as of Dec. 31.

via Bloomberg.com: U.S..

 

pioneer-drilling* Pioneer Drilling Co (PDC.A) posted a quarterly loss, hurt by charges and weakness in its drilling and production services units, and said it would cut its workforce by 37 percent.

via UPDATE 1-Pioneer Drilling posts Q4 loss, cuts 37 pct jobs | Deals | Mergers & Acquisitions | Reuters .

 

amn-healthcare* SAN DIEGO — San Diego-based AMN Healthcare plans to eliminate nearly 190 positions in California and three other states, including about 40 jobs at the company’s Carmel Valley headquarters, it was reported Thursday.

via AMN Healthcare Plans To Cut 40 Local Jobs – San Diego News Story – KGTV San Diego.

 

* New media studio ManiaTV has laid off 15 of its 33 employees as the company preps itself for a sale, reports TheDeal.com.

via ManiaTV Lays Off Nearly Half of its Staff « NewTeeVee.

 

* The Commmercial Appeal has laid off 18 more employees, effective March 12, according to industry sources. Sources also report another round of layoffs could come in June.

via More layoffs at The Commercial Appeal – Memphis Business Journal: .

 

miami-univer* Miami University, in an effort to cut $22 million from its budget, will lay off 73 employees at its Oxford and Middletown campuse

via Miami University to lay off 73 – Business Courier of Cincinnati: .

 

longaberger-basket-company* NEWARK, Ohio (AP) — The Longaberger basket company is laying off 295 employees and reducing the wages of salaried workers, including the company president.

via The Associated Press: Ohio basket company lays off almost 300.

 

* Jeweler Finlay Enterprises (FNLY.OB), hurt by liquidity woes, is shutting its department store outlets over the near-term to concentrate on specialty jewelry stores, 40 of which it also earmarked for closure.

via UPDATE 1-Finlay to exit department stores, cut jobs | Reuters .

 

* CTVglobemedia Inc. yesterday joined the parade of media companies across North America who have chopped staff amid an industry downturn.

The company laid off 105 employees across its television operations, a company spokespman said.

via CTVglobemedia lays off 105 staffers from TV operations .

 

* Nautilus Inc. laid off 50 employees from its Vancouver headquarters on Wednesday in an attempt to cut costs at the shaky fitness company

via Nautilus lays off 50 Vancouver workers – Columbian.com.

 

hd1* Home Depot Inc. is laying off more than 100 local employees at its closing Expo Design Center store in Fairfax.

via Expo Center lays off 103 Fairfax employees – Washington Business Journal: .

 

* Excellus BlueCross BlueShield has laid off 50 employees, 7 in Rochester, Thursday in what the company is calling a re-organization of the company.

via 50 Workers Laid Off from Excellus BCBS.

 

* Lower-than-expected holiday sales have led Limited Brands to lay off 400 workers, 230 of them at  its Columbus headquarters, it said this morning.

via The Columbus Dispatch : Limited Brands lays off 400 as sales fall.

 

* SAN JOSE, Calif. — Hit hard by the dowturn, IC-assembly equipment maker, Kulicke & Soffa Industries Inc. has cut 215 more jobs, according to a filing.

via EETimes.com – K&S cuts 215 more jobs.

 

* Chesapeake Energy Corp. said Thursday that it will move or eliminate about 215 positions from its Charleston, W. Va., office in an attempt to cut costs amid tightening credit markets and falling energy prices.

via Chesapeake Energy to move, eliminate 215 jobs – Forbes.com.

 

* Jeffboat parent American Commercial Lines plans to close its downtown Houston office and move some work to its Jeffersonville headquarters.

Spokeswoman Kim Durbin said she didn’t know how many jobs will be added in Jeffersonville, but the number will be less than 100.

via American Commercial Lines plans to shift jobs to Indiana | courier-journal | The Courier-Journal.

 

* DENVER (AP) — The Rocky Mountain News will publish its last edition Friday.

 

Owner E.W. Scripps Co. announced on the newspaper’s Web site Thursday that its search for a buyer for the paper was unsuccessful…..

 

Boehne said the Rocky Mountain News’ 230 editorial employees would be paid through April 28.

via Rocky Mountain News closing after Friday edition – Yahoo! Finance.

 

 

International News

 

 

nissan4* MADRID (AFP) — Japanese automaker Nissan reached an agreement Wednesday with union officials at its plant in Barcelona to slash 1,400 jobs due to slumping global demand, Spanish media reported.

via AFP: Nissan to cut 1,400 jobs in Spain: reports.

 

basf* FRANKFURT (ICIS news)–BASF will shrink in 2009 as the company faces up to a year of “unprecedented challenges,” its CEO said on Thursday as the German chemical giant reported heavy fourth quarter losses and announced at least 1,500 worldwide job cuts.

 

town-hall-uk* At least 40,000 council jobs are expected to be lost this year, with two thirds of local authorities admitting that they are cutting posts to cope with the recession.

via 40,000 jobs threatened as recession hits town halls – Times Online .

 

* LONDON: RSA Insurance Group PLC said Thursday that it plans to cut 1,200 jobs as it reported a 7 percent fall in its full-year profit.

 

legal-general-group* British insurer Legal & General Group (LGEN.L) is planning to cut between 250 and 450 jobs, or up to 5 percent of it workforce, in response in changing business demand, the BBC reported on Wednesday.

via Legal & General to cut up to 450 jobs-BBC | Industries | Financial Services & Real Estate | Reuters .

 

* RSA has revealed plans to cut 1,200 jobs in the UK by mid-2010, as part of a cost reduction strategy aimed at making savings of £70 million.

 

gkn* GKN, the British car and aircraft parts maker, has warned that it will axe a futher 2,400 jobs this year as the collapse in demand for new cars intensifies.

The cuts come on top of 3,450 jobs axed last year, including 2,800 in the last three months of the year.

via GKN to cut 2,400 more jobs as car gloom deepens – Telegraph.

 

tietoenator* HELSINKI, Feb 26 (Reuters) – Top Nordic IT services company TietoEnator (TIE1V.HE) plans to cut about 350 jobs in response to weakening demand, it said on Thursday.

via UPDATE 1-TietoEnator to cut jobs as market weakens | Industries | Technology, Media & Telecommunications | Reuters .

 

carphone-warehouse* LONDON, Feb 26 (Reuters) – British independent mobile phone retailer Carphone Warehouse (CPW.L) is set to announce about 400 job losses on Thursday in a bid to cut costs and improve efficiency, The Guardian newspaper reported without citing sources.

via Carphone Warehouse to announce 400 job cuts – paper | Markets | Markets News | Reuters .

 

* GLOBAL construction giant Lend Lease will cut 2000 jobs and sideline about $2 billion worth of projects globally to survive the worsening economic conditions after booking an interim after-tax loss of $596.4 million.

 

 

Hiring News

 

wind* Centrica, the British Gas owner, is set to create 1,500 new jobs ahead of plans to invest £15bn by 2020 to ramp up its presence in the ‘green energy’ market.

via Centrica to create 1,500 green energy jobs – Telegraph.

 

* Wal-Mart Stores Inc. will hire 400 workers in the Jacksonville area for its new super center on the Southside.

via Wal-Mart to hire 400 for new Jacksonville store – Jacksonville Business Journal: .

 

* The Massachusetts unemployment agency is hiring 60 workers to deal with growing demand for services amid widespread job losses.

 

Mike: More bad news on the job front today as we can see from the above stories. The most disturbing report is the rapid rise in unemployment claims over the last month. I’ll discuss that in tomorrow’s posting. Fridays are usually a little calmer than Thurdays, so at least we can hope that trend continues. Until tomorrow, a laugh or two……..…….

 

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Tom Toles - Feb 26

Tom Toles - Feb 26

 

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February 25 – Nortel disconnects another 3,200 – Cummins to dump 985 – Dow Corning cuts 800 – RU’s Evraz cuts 2,000 – JN’s Advantest deletes 1,200 – Zales to close 115 stores – Buyout offers to 42,000 at Ford – Mass layoffs soared in January – Home sales fall sharply – Will your job benefit from the stimulus?

Mike: Greetings to all this fine Wednesday.  
Today’s economic reports deal more with housing  than employment, but as goes housing, so goes employment for many. So we”l be watching closely MBA Purchase Applications  and the  Existing Home Sales  reports for signs of any improvement. Update: MBA Purchase Applications  and Existing Home Sales  fell last week, which is not a good sign for a quick housing recovery.

Of course, those numbers are not always as they appear, so it’s best to wait for a complete analysis before reading too much into the numbers. While an improvement in purchase applications may be a sign of an improving housing market, many purchase applications can fail to materialize if banks are not lending as freely as they once were
Quote of the day:
* The crowning fortune of a man is to be born to some pursuit which finds him employment and happiness, whether it be to make baskets, or broadswords, or canals, or statues, or songs. Ralph Waldo Emerson
Mike: Obama delivered an upbeat yet realistic picture of our current financial situation. While little in specifics, it does show that he at least believes that those who receive bailout funds, and there will be many more, need to be held accountable, so no additional money is sent down the failed bank rat hole. If you haven’t heard the speech, it’s worth an hour of your time. I’ll also post the Republican response:



           

Bill Day - Feb 25

Bill Day - Feb 25

 



Larger layoff announcements and economic news reports:
US/Canada:

International:

                    

 

Microsoft/Google/IBM and other Rumors & News

 

* BOSTON (Reuters) – Microsoft Corp outlined plans to offset revenue declines as the PC market shifts to low-cost netbooks, but it failed to announce more cost cuts, sending its shares to an 11-year low.

Chief Executive Steve Ballmer told an analysts’ meeting in New York on Tuesday that Microsoft will offer robust versions of its yet-to-be-released Windows 7 operating software for netbooks, as the company looks to boost revenue from these hot-selling, low-cost computers.

via Microsoft says no new cost cuts, shares hit 11-year low | Reuters .

 

General Economic News

 

– Feb. 25 (Bloomberg) — Mortgage applications in the U.S. fell last week as higher borrowing costs tempered refinancing.

The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan decreased 15.1 percent to 743.5 in the week ended Feb. 20 from 875.3 in the prior week. The group’s refinancing measure dropped 19.1 percent and the purchase index slipped 2.6 percent.

via Bloomberg.com: U.S..

* NEW YORK (AP) — Another steep drop in home sales has dashed some hopes that the housing market would start to show some improvement.

A real estate group’s report that sales of existing homes fell in January to the lowest level in nearly 12 years is fanning a drop in stocks led by financial companies.

The National Association of Realtors says sales of existing homes fell 5.3 percent to an annual rate of 4.49 million last month, from 4.74 million units in December. It was the worst showing since July 1997.

via Stocks extend slide as home sales fall sharply – Yahoo! Finance.


Ben Bernanke Speaks
10:00 AM ET

– WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke on Wednesday again spurned speculation that the government may nationalize Citigroup or other big banks.

When asked about Citigroup during a House Financial Services Committee hearing, Bernanke said nationalization “is when the government seizes the bank and zeros out the shareholders and begins to manage and run the bank. And, we don’t plan anything like that.”

via Bernanke again spurns talk of bank nationalization – Yahoo! Finance.

 

* Hourly workers at Ford Motor Co. will get yet another round of buyout and early retirement offers, and the company’s top two executives will take 30 percent pay cuts as Ford tries to find a way out of the worst auto sales slump in 26 years.

Chief Executive Alan Mulally and Executive Chairman Bill Ford Jr. will see the salary reductions this year and next, according to a memo obtained by The Associated Press.

In addition, local union leaders were told Tuesday that the company will make buyout or early retirement offers to all 42,000 U.S. hourly workers. The offers are part of a series of contract concessions in a tentative agreement reached between the United Auto Workers and the company, according to two union officials briefed on the deal.

via Top Ford execs take pay cuts, more buyouts offered – Yahoo! Finance.

 

* President Obama has promised the $787 billion American Recovery and Reinvestment Act — commonly known as the stimulus plan — will boost to the flagging economy by creating jobs in a variety of sectors.

Though it will take a while before federal, state, and local governments determine how exactly to allocate the funds, economists agree that six sectors are poised to see a boost as a direct or indirect result of the stimulus. These include:

via 6 Fields That Stand to Benefit From the Stimulus Plan.

 

 

Rob Rogers - Feb 25

Rob Rogers - Feb 25

 

* Losing your job is one of life’s most stressful situations, and credit card debt adds to the strain. It is possible to survive unemployment with your credit score intact — and without late payments, soaring interest rates and scads of fees — but it takes a plan.

via Laid off and in debt: 5 steps to take now to keep credit intact.

 

* WASHINGTON (AP) — The government says the number of “mass layoffs” sharply increased last month as employers cut payrolls in the face of a deepening recession.

The Labor Department says mass layoffs, or job cuts of 50 or more by a single employer, increased to 2,227 in January, up by almost 50 percent from the same month last year.

The department says more than 235,000 workers were fired due to January’s cuts.

via Gov’t says ‘mass layoffs’ soared in January – Yahoo! Finance.

 

Municipal News

 

* * The cash-strapped Fayette County school system is expected to eliminate 157 jobs and slash all employee salaries, perhaps by nearly 4 percent as part of cost-cutting measures discussed during Monday night’s school board meeting.

 

* CIRCLEVILLE — At least 30 educators in the Pine Bush school district — and possibly as many as 54 — could be laid off next school year, Superintendent Phil Steinberg told a packed crowd of about 300 at Circleville Middle School Tuesday night.

via At least 30, perhaps 54 educators face layoffs in Pine Bush schools – recordonline.com – The Times Herald Record.

 

* TIPP CITY — Administrators and board of education members struggled through a list of $1.5 million in possible measures — eliminating 15 to 20 certified and classified positions, reducing busing and implementing a pay to participate program — that will be needed if two levies on the May 5 ballot fail.

 

US and some Canada News

 

nortel* Nortel will cut an additional 3,200 jobs in the coming months as part of efforts to restructure under bankruptcy protection.

Wednesday’s announcement is the latest news of layoffs at the struggling telecommunications equipment company. Nortel (OTCBB: NRTLQ) still has 1,800 jobs that it’s yet to cut under previously announced plans, the company says.

via Nortel to cut another 3,200 jobs – Atlanta Business Chronicle: .

 

nortel1* TORONTO — Nortel Networks (TSX:NT) is laying off another 3,200 employees worldwide, or more than 10 per cent of its global workforce, in an ongoing effort to restructure its operations while under court protection.

Analysts weren’t optimistic, however, with some saying that another round of layoffs won’t lift the telecom equipment maker out of its problems – which include heavy debts, an intensely competitive market and weak economies in several key countries.

via The Canadian Press: Telecom equipment maker Nortel to cut 3,200 jobs worldwide.

 

cummins* COLUMBUS, Ind. – Engine-maker Cummins Inc. plans to cut 985 employees worldwide by the end of this week, including 460 in Indiana.

The Columbus-based company said last month it would cut “at least 800” by the end of February. The new reduction announced Tuesday includes 225 salaried and 235 hourly workers in Indiana.

via Cummins to cut 985 jobs by week’s end — chicagotribune.com.

 

dow-corning*WILLIAMS TOWNSHIP, Michigan: Dow Corning Corp. says it will cut 800 jobs, or about 8 percent of its 10,000-member global work force, because of the poor economy.

The company, a joint venture between Midland-based Dow Chemical Co. and Corning, New York-based Corning Inc., will eliminate the jobs during the first half of 2009 through a combination of voluntary retirement programs and involuntary layoffs.

via Dow Corning says it will cut 800 jobs worldwide – International Herald Tribune.

 

* NEW YORK (AdAge.com) — Enfatico, the WPP marketing agency erected for Dell, today eliminated 8% of its staff — about 80 positions — from its global base of nearly 1,000.

via Dell Advertising Agency Enfatico Lays Off 8% of Work Force – Agency News – Advertising Age.

 

* Baltimore Aircoil announced Tuesday that it will close its Paxton manufacturing plant, which employs 223 and has operated in Paxton for 36 years

via Paxton’s largest employer closing – The Daily Journal.

 

* PEMBERVILLE — A village plant that makes radiators is expected to close by November, leaving its 226 employees without jobs, a company spokeswoman said.

Modine Manufacturing Co., located on Bierley Avenue, also will lay off 90 employees in March and April, said Susan Fisher, Modine spokeswoman. Sixty-five people will lose their jobs March 13, and 25 workers’ last day is April 15, she said.

via Radiator plant closing in Pemberville | thenews-messenger.com | The News-Messenger.

 

* FRANKLIN – Freudenberg-NOK General Partnership plans to close its transmission parts plant in Franklin within six months and consolidate it with the firm’s Bristol plant, the company said.

There are 66 employees at the Franklin plant and 190 in Bristol, according to Sheila Corneau, the firm’s human resources manager in Bristol.

via UnionLeader.com – New Hampshire news, business and sports – Freudenberg-NOK to close Franklin plant – Tuesday, Feb. 24, 2009.

 

* The Texas Youth Commission will eliminate 130 jobs at two TYC facilities in Mart east of Waco in a move that will include some layoffs, TYC Executive Commissioner Cherie Townsend said in a message posted on the agency’s Web site.

via 130 Jobs To Be Cut At Central Texas TYC Units, Some Layoffs Expected / – Waco, Temple, Killeen Weather and News Authority .

 

* PROVIDENCE – Some 100 jobs will be eliminated at the Providence Journal Co., including 18 news and 34 advertising positions, the president of the Providence Journal Unit of the Providence Newspaper Guild confirmed this afternoon.

via Newspaper Guild: Journal to cut 100 jobs – PBN.com – Providence Business News.

 

 

Robert Ariail - Feb 25

Robert Ariail - Feb 25

 

Mike here: An observation I’ve made since doing The Layoff List is that the best news reporting comes form the old guard newspapers. While they may not be as timely with certain information that changes rapidly, they do the best investigative work and usually present stories that are written well and easy to understand. On the other hand, I have determined that the worst reporting of issues comes from online TV news stories, especially the local variety. I couldn’t tell you how many times that I have looked at online TV news reporting and found it to be poorly written, poorly presented and poorly timed. Their online efforts show a lack of professionalism and they are usually days behind in telling many stories, and that’s true of their layoff story efforts. Tomorrow I’ll continue this rant, but my point is to let you know that supporting your local or regional newspaper ensures that you get a better news presentation. Don’t let the newspapers die or you’ll have to count on the lousy efforts of money starved TV stations and their talking heads as your main news source

 

* The Hartford Courant is eliminating about 100 jobs this week, mostly by layoffs, as the longtime slide in advertising revenues gains speed in 2009.

 

maui-land-pineapple* Maui Land & Pineapple Co. Inc., said Tuesday that it will eliminate 100 jobs at its Kapalua Resort and corporate offices this week and is cutting pay by 10 percent for its remaining employees.

via Maui Land & Pineapple cuts 100 jobs – Pacific Business News (Honolulu): .

 

* BEACHWOOD — Telarc International, the award-winning Beachwood recording company, will cut half its 52 employees and stop producing its own recordings, the outgoing president said Tuesday.

via Telarc International will cut 26 jobs and stop producing its own recordings – Business – cleveland.com.

 

* Eighty-three employees will receive layoff notices for the end of April. After layoffs last month, the plant employed fewer than 600 workers, down from more than 700 a year ago. In addition, the entire facility will close for 15 weeks from May through the summer.

A third of the plant’s production capability will be back on line in September. Meanwhile, Cliff Natural Resources Northshore Mine in Babbit and Silver Bay will idle production during April, resuming at reduced capacity in May. Northshore employs 557 workers.

via MPR: More mining layoffs hit Iron Range.

 

* Faced with declining revenue, a lower patient volume, and a “significant downtown” in the quality of its accounts receivable, the Norman Regional Health Care system is expected to lay off “under 200” of its employees this week, its CEO confirmed Monday.

via The Norman Transcript – Hospital to lay off about 200.

 

* NEW YORK There were more layoffs in the agency world today, as WPP Group’s Enfatico cut  8 percent of its global staff — approximately 80-100 people — and IPG’s The Martin Agency trimmed 5 percent of its workforce, or 24 employees.

via Enfatico, Martin Agency Slash Staff.

 

* Thirty-four more employees have been laid off from New Sabina Industries, according to Director Jack Filkins.

via More layoffs at New Sabina Industries .

 

* Trane Company spokesperson Art Scheskie tells NewsChannel 8, the company is laying off 79 hourly production employees at its La Crosse facilities as of Monday. 

via WKBT La Crosse, WI-NewsChannel 8-More Layoffs at Trane Co..

 

* A patent infringement lawsuit filed last month against Histogen has triggered a funding crisis at the San Diego biomedical startup, which was forced to lay off all 36 of its employees at the end of January.

via Patent Lawsuit Against Histogen Forces Layoffs And A Scramble For New Funding | Xconomy.

 

ethan-allen2* Danbury, CT (AHN) – Furniture maker Ethan Allen announced it is laying off 110 workers in Vermont and another 80 in North Carolina.

via Ethan Allen Announces 190 Job Cuts At Vermont, North Carolina Plants | AHN | February 25, 2009.

 

kmart* A Kmart store in Virginia Beach will close at the end of April, laying off 142 people, a company official said today.

via Kmart to close Virginia Beach store, lay off 142 employees | HamptonRoads.com | PilotOnline.com.

 

*The Elon factory, located near The Crest and Provence apartments, is one of six that the company plans to shut down by December of this year.

The company said that approximately 160 workers will be affected when the Elon factory halts its production of country ham.

via The Pendulum – Local pork factory to close, 160 will lose jobs.

 

* Dickens Books Ltd., the parent company of the soon-to-close Harry W. Schwartz Bookshops chain, has informed state officials that it intends to lay off seven employees from its business books division, 800-CEO-READ.

via Schwartz layoffs hit business books division – The Business Journal of Milwaukee: .

 

* The company, which had cut 150 positions last year, said it would eliminate an additional 85 positions, a move that would result in pretax savings of about $7 million in 2009.

via UPDATE 1-Tween Brands posts surprise Q4 loss, to cut more jobs | Industries | Consumer Goods & Retail | Reuters .

 

zales* Zale Corp. posted a fiscal second-quarter loss Wednesday and said it will close 115 unprofitable stores and has cut 245 jobs.

via Zale has cut jobs, will close stores after 2Q loss 7:34 AM CT | News for Dallas, Texas | Dallas Morning News | Retail | Dallas Business News .

 

* STANLEYTOWN, Va.–(BUSINESS WIRE)–Stanley Furniture Company, Inc. (Nasdaq-NNM: STLY) today announced plans to reduce the workforce at its Stanleytown, Va., facility by approximately 100 production positions.

via Stanley Furniture Announces Plans to Reduce Workforce at Its Stanleytown, VA Facility.

 

* FARGO, N.D. – Knight Printing says it’s cutting about 20 jobs in Fargo to eliminate duplication.

via About 20 jobs cut at Knight Printing — chicagotribune.com.

 

* NEW YORK (Reuters) – NFL Commissioner Roger Goodell has taken a pay cut of more than 20 percent as part of league belt-tightening moves that include the elimination of 169 staff jobs, the NFL said on Wednesday.

via Goodell takes pay cut, 169 NFL jobs go | U.S. | Reuters .

 

* As first reported on AgencySpy, BBDO Detroit is laying off a large number of employees today; 145 in all, according to the agency.

via BBDO Detroit: 145 Jobs Cut – mediabistro.com: AgencySpy.

 

* SAN ANTONIO — The San Antonio Express-News announced Wednesday it will cut its staff by 15 percent and leave dozens of jobs unfilled as the newspaper battles the slump that has pummeled it and other dailies across the country.

via San Antonio paper to cut workforce 15 percent | AP Texas News | Chron.com – Houston Chronicle.

 

* The High Museum of Art will cut salaries, enforce furloughs and trim 7 percent of its workforce as it weathers the recession and losses to its endowment, it reported Wednesday.

via High Museum cuts salaries and jobs – Atlanta Business Chronicle: .

 

* Fox6 WBRC cut 10 jobs, including on-air personality Chris Montana, on Friday.

via Fox6 WBRC cuts 10 jobs – Birmingham Business Journal: .

 

* KENNEBUNK, Maine — High-end stationery manufacturer William Arthur Inc. announced Tuesday it is reorganizing and will eliminate its third-shift printing operation as of Feb. 27.

via Kennebunk stationery manufacturer to cut 23 jobs by Friday.

 

* LOUISVILLE, Ky., Feb 25, 2009 (UPI via COMTEX) — U.S. corporate giant General Electric said it would lay off an unspecified number of salaried workers at its Consumer & Industrial Division in Louisville, Ky.

 

 

International News

 

 

* Russian steel maker Evraz Group (HK1q.L) could lay off nearly 2,000 workers by April at its steel and iron ore plants in the Ural mountains city of Nizhny Tagil, the city’s government said on Tuesday.

via Russia’s Evraz may cut about 2,000 jobs -city govt | Markets | Reuters .

 

advantest* Japan’s Advantest Corp (6857.T), the world’s biggest maker of semiconductor testers, said on Wednesday it would cut over a quarter of its workforce and reduce managers’ salaries to further lower costs amid the global chip market plunge.

 

lenovo1* Lenovo Group (0992.HK), the world’s fourth-largest maker of personal computers, will eliminate 450 jobs in China, a company official said, as it cuts costs in a bid to return to profitability in 2010.

via PC maker Lenovo cutting 450 jobs in China | Markets | Markets News | Reuters .

 

pacific-brands2* Update: PACIFIC Brands has been accused of “cutting its business to ribbons” in a strategic overhaul that will see it close its Australian manufacturing activities within 18 months.

Disillusioned investors dumped the company’s stock yesterday after chief executive Sue Morphet also announced a dismal first-half loss of $149.8 million.

Ms Morphet said the group was confident it could save $150 million a year through a groupwide crackdown on costs that will lead to 1850 jobs being axed in Australia.

via Pacific Brands manufacturing halt, big job losses, shares plunge | Herald Sun.

 

pacific-brands1* Update: AT least 550 Victorians will be sacked as clothing giant Pacific Brands shuts its Australian factories in favour of cheaper Asian manufacturing.

 

* The Wright Group busmakers in Ballymena, Co Antrim, yesterday announced that it faces shedding 235 jobs, or one-quarter of its workforce, after it lost a significant order.

via Northern busmaker to cut 235 jobs after lost order – The Irish Times – Wed, Feb 25, 2009.

 

Sparx Group Co., Asia’s biggest hedge-fund manager, said it will cut about 50 jobs and reduce payments for executives to help improve the company’s finances.

 

Felixstowe, Britain’s biggest box port, seeks to cut around 180 jobs from its 2,800 payroll to cap costs after container traffic fell 16 percent in January from a year earlier and 2009 volume is forecast to drop significantly.

via Traffic World OnLine – Ocean.

 

* The company also said it was considering closing 15 plants, including four in Europe, which would affect some 2,500 employees.

“We have taken and will continue to take quick and decisive action to right-size the business for current market conditions,” Nicol told Reuters.

via Tomkins to shut plants and cut jobs as it halves dividend – Telegraph.

 

The company cut 800 of the 4,000 to 4,500 jobs at the company’s so-called distributorship unit, Tak Hiemstra, executive director for strategic development at Johannesburg-based Imperial, said in an interview today. Agencies that distribute Hyundai Motor Co. and Daihatsu Motor Co. Ltd. brands were worst affected, he added.

via Bloomberg.com: Africa.

 

* Elan (ELN.I) will cut 230 jobs in the United States and Ireland as it pares costs at its biopharmaceuticals unit, the Irish drugs group said on Wednesday.

via UPDATE 1-Irish Elan cuts 230 jobs, keeps full-year guidance | Industries | Healthcare | Reuters .

 

* The Flintshire-based firm kicked off the housebuilding sector’s reporting season in gloomy fashion with plans to cut around 90 more jobs, leaving it with 650 staff – half the number employed in January 2008.

via WalesOnline – Business – Business News – Builders Redrow to cut more jobs after £21m loss.

 

* Plumbing and building supplies firm Wolseley is let go 180 staff in Co Offaly with the closure of four stores.

via Building supplies firm Wolseley to cut 180 staff – The Irish Times – Wed, Feb 25, 2009.

 

* Almost 200 roles in distribution will be lost, though Standard Life says the changes will not impact on service levels.

via Stan Life to cut 195 jobs in distribution cull | IFAonline.co.uk.

 

* Bodycote, which specialises in the heat-treatment of turbine blades and other aeroplane parts and car components to help guard against failure and fatigue, is to embark on another round of job cuts and plant closures as markets weaken.

via FT.com / Companies / Industrials – Bodycote to cut further 10% of job.

 

* Scandlines, a leading Baltic ferry freight line, confirmed it will lay off 400 of its 2,400 employees amid a deepening slump in cargo volumes that is forcing a radical restructuring in European short sea shipping. 

via Traffic World OnLine – Ocean.

 

* A&L Goodbody has become the first Irish firm to announce major cost-cutting measures in response to the financial downturn.

The firm is set to cut at least 45 jobs, including 6% of its lawyer headcount, while the firm also said that it expects to decrease salaries by 10%.

via Irish leader to lay off staff and cut pay by 10% – Legal Week, legal news, comment, events and legal jobs.

 

 

Hiring News

 

Mike: Another hectic day for layoff announcements and economic reports that merely reiterated the fact that the country is in the midst of a deep recession. Tomorrow brings the Jobless Claims number, which is expected to be in the 625,000 range. Till tomorrow, I’ll leave you with a laugh or two………

 

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February 24 – Hundreds of CA teachers sent home – Less water in CA could mean 40,000 less jobs – Microsoft says keep the cash (due to bad publicity) – Manitowoc Crane cuts 450 – Itronix lays offs 380 – Milliken & Company cuts 650 – UK: crime up, so are cop layoffs – Lonmin to axe 5,500 in SA – Updates: Spansion cuts 3000/Micron cuts 2000 – Pacific Brands drops 1850 – Record drop in U.S. home prices

Mike: A fine Tuesday greeting to all.

First of all I’d like to make a correction to a layoff notice that was listed on this site February 6

I wanted to bring to your attention that your posting of Sparton Corporation laying off 1,000 people is incorrect.  Actually, they laid off approximately 6% of their 1,000 total employees, or approximately 60 people.

Thanks for your interest.

Richard H. Pacini
Senior Vice President
The Millerschin Group

Mike: Thank you, Mr. Pacini, for bringing that to my attention and the change has been made. If any readers of this blog see any stories that need correction, please pass them along and I’ll make sure a correction is noted.

Today’s economic reports will show the health of the economy related to housing (S&P Case-Shiller HPI)  ,  Consumer Confidence and retail sales (Redbook) , all of which affect the job market going forward. An improved picture may lead to improved job numbers, but any improvement will be slow in developing
Mike: I am starting to see a large increase in municipal layoffs, especially at the school and state level. This is a trend that is likely to continue as states with less funds near budget approvals.
Larger layoff notices and economic reports:
US/Canada:

International:
Rob Rogers - Feb 24

Rob Rogers - Feb 24

                      

 

Microsoft/Google/IBM and other Rumors & News

 

msft4* Microsoft Monday backed off its requests that recently laid-off workers who received too much cash in their severance packages return the money.

However, by waiting two days since the story broke before reversing itself, Microsoft’s seemingly miserly behavior may have cost itself more through bad publicity than could be offset by the relatively minor financial loss.

“The P.R. issue over the past two days has cost Microsoft a thousand times more than the value of the payment error,” one former Microsoft (NASDAQ: MSFT) employee – not one laid off – told InternetNews.com in an e-mail.

via InternetNews Realtime IT News – Microsoft Drops Return of Overpayments Demand.

 

General Economic News

 

Redbook
[Bullet
8:55 AM ET
US chain store sales fall 1.5 pct.

[djStar]9:00 AM ET
* The S&P/Case Shiller composite index of 20 metropolitan areas fell 2.5 percent in December from November, compared with a 2.3 percent decline in the previous period, S&P said in a statement.

“There are very few, if any, pockets of turnaround that one can see in the data,” David Blitzer, chairman of S&P’s index committee, said in the statement. “Most of the nation appears to remain on a downward path.”

via U.S. home price drop at record pace in December: S&P – Yahoo! Finance.

– Mike: In my next life I’mgoing to be an economist, since they are rarley correct in their assumptions – as seen below in the consumer confidence report – they don’t get laid off and they make good money

* Economics is extremely useful as a form of employment for economists.

John Kenneth Galbraith (1908 – 2006)

via Economics Quotes – The Quotations Page.

The New York-based Conference Board said its Consumer Confidence Index, which was down slightly in January, plummeted more than 12 points in February to 25, from the revised 37.4 last month. That was well below the 35.5 level that economists surveyed by Thomson Reuters expected.

The index, which had hovered in the high 30s over the past few months, broke new lows since it began in 1967. A year ago, the consumer confidence reading stood at 76.4.

via Consumer confidence plummets to new low in Feb. – Yahoo! Finance.

 

Some Tax-Saving Scenarios in the Stimulus (the more you make, well, the more you’ll make: Mike)

A single person with no children making between $20,000 and $30,000 would see a 12.5% reduction in his or her tax liability for an annual savings of $453. The same person making between $50,000 and $75,000 would see a 4.6% drop, or $626.

At the upper income ranges, someone with income between $100,000 and $200,000 would see a 2.1% drop, which translates into $706.

With or without kids, a married couple filing jointly making between $50,000 and $75,000 could see a 10.5% drop for a savings of $991. Those making between $75,000 and $100,000 would see their tax liability go down 9.1%, or $1,457.

Couples with very high incomes — between $200,000 to $500,000 — could see a 7.5% decline in their tax bill, or $5,645.

via Stimulus tax breaks – CNN.

 

 

Tom Toles - Feb 24

Tom Toles - Feb 24

 

 

ford2* DETROIT (Reuters) – Ford Motor Co began transferring workers to a Detroit-area parts plant on Monday as it begins implementing an agreement with the United Auto Workers to phase out a program that had once provided near total job security to union workers.

The first 50 Ford workers began work at the parts plant in Saline, Michigan this week, displacing existing workers covered by a separate UAW contract with Visteon Corp, according to two memos posted on the website of the union local that represents the plant.

via UAW details part of Ford plan to end job security | Reuters .

 

calif9* The head of the nation’s largest sheriff’s department is warning that nearly 4,000 jail inmates might be released early and about 600 deputy and professional positions could be eliminated to meet budget cuts.

 

 

Municipal News

 

calif5* San Francisco revealed on Monday it’s sending out 500 layoff notices. San Jose anticipates sending out 570, but stresses it will rescind many of them due to retirements and other normal attrition. San Ramon says it might have to send out 500 notices. The situation is bad, but there may be some hope for San Francisco teachers.

via School districts plan to lay off hundreds – 2/23/09 – San Francisco News – abc7news.com.

 

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calif6* Federal water managers say they might have to cut off water supplies to some of California’s largest farms, thanks to the state’s severe drought.

This would be the first time in more than 15 years such a move was taken. The state predicts a loss of more than $1 billion and an elimination of as many as 40,000 jobs if this takes place.

via KSBY 6 Action News Santa Maria, San Luis Obispo, Paso Robles-Federal water supply may be cut off from California.

 

 

calif7* The largest employer in the Victor Valley will employ fewer people in August.

Inheriting a budget deficit in the millions of dollars from the state, the Hesperia Unified School District school board voted at their Monday night meeting to lay off 181 teachers and 17 principals and district office employees. (The HUSD currently employs almost 2,200 people.)

via 181 teachers laid off | school, teachers, state – Local News – Hesperia Star – The Star of the West.

 

mn1* While Minneapolis police will not see officer positions cut in 2009, they might not be as lucky next year.

Facing $30 million in state funding cuts, Minneapolis Mayor R.T. Rybak announced Monday that cuts to the 2009 budget will include the loss of 33 filled city positions, but larger cuts could come in 2010 when about 116 police officers could be cut.

via Rybak’s budget: 33 city jobs cut, police could be next | mndaily.com – Serving the University of Minnesota Since 1900.

 

newyork2* More than 230 social service and health-care workers employed in Housing Authority community centers were laid off Feb. 20, as the leaders of their District Council 37 locals railed against the city’s decision to contract out the work to the Department of Youth and Community Development funded non…

via 230 Community Center Layoffs at HA Despite Protests by Unions | www.thechief-leader.com | The Chief-Leader NYC Civil Service Newspaper.

 

nc* CHARLOTTE, N.C. — The Billy Graham Evangelistic Association is laying off 55 employees, or about 10 percent of its staff.

via Billy Graham association laying off 55 workers – NC Wire: Local & State – News & Observer.

 

* Union County Sheriff Rocky Nelson laid off eight employees Friday, including the two court-security officers who operated the metal detectors at the courthouse doors. A part-time deputy, four clerks and an office manager also were let go.

via The Columbus Dispatch : Union County sheriff lays off 8, gets pay raises waived.

 

oregon* ASHLAND, Ore. – The Ashland School District announced Monday that if it does not receive funding from the Oregon legislature, it will cut the equivalent of 20.5 full time teaching positions for the coming school year.

via Ashland School District announces teacher layoffs | KDRV.

 

* Eliminated for the 2009-10 school year will be 7.5 certificated jobs, including a high school math teacher position, a high school English teacher, a high school social studies teacher, a high school/East End Elementary special education teacher, a reading intervention elementary teacher, a guidance counselor in the elementary and middle school grades, a high school/middle school in-school-restriction teacher and a half-time speech therapy teacher.

via WCS to cut 11.5 positions.

 

* The cuts include: 14 teachers, 14 support staff, Five administrative positions

via West Clermont Schools Cut $1.8 Million, 33 Jobs From Budget – Education News Story – WLWT Cincinnati.

 

SANFORD — The equivalent of six municipal positions were eliminated Monday, resulting in the layoff and retirement of two full-time and one part-time worker, including one of the towns’ two deputy police chiefs.

 

 

US and some Canada News

 

spansion3*Update: Spansion is one of several chip makers battling to survive as global chip sales falter. German DRAM maker Qimonda filed for bankruptcy last month but continues to seek new operating funds, while Taiwan’s ProMOS Technologies faces a possible showdown with creditors over a US$350 million bond that it cannot repay in full.

via Spansion Slashes 3,000 Jobs in Bid to Cut Costs – PC World.

 

micron3* Update: Micron Technology says it will cut about 500 more jobs soon and up to 1,500 additional jobs by the end of August.

The Boise computer-chip maker said Monday that it will phase out its manufacturing of chips on 200 millimeter, or 8-inch, wafers because of deteriorating economic conditions and falling demand for the chips it makes on those aging wafers.

via Micron to lay off 500, up to 1,500 more by August | Idaho Economy | Idaho Statesman .

 

micron2* BOISE, Idaho — Micron Technology Inc. said Monday it’s eliminating 2,000 more jobs in Idaho and closing a manufacturing plant due to decreased demand for its memory chips.

The Boise-based company will cut 500 positions in the “near term,” with the remaining positions stricken by August.

via Micron to cut another 2,000 jobs in Idaho.

 

* GUELPH — The Guelph Mercury announced newsroom layoffs and restructuring today in moves its publisher anticipates will see it weather trying economic conditions that have bruised most Canadian media companies.

The Mercury notified 13 staff members that they will be laid off. Two work in the distribution department at the paper. The rest were newsroom employees

via GuelphMercury.com – News – Guelph Mercury cuts staff .

 

* TYLER, Texas — Carrier Corp. plans to close its plant in Carrollton and cut 150 jobs from its East Texas facility in Tyler.

via Carrier Corp. to close Texas plant, lay off 150 | Business news | Chron.com – Houston Chronicle.

 

chrysler5* TOLEDO, OH (WTOL) – Chrysler Corporation says a second shift layoff for Jeep Wrangler workers at Toledo South has been extended two weeks.

via WTOL.com, Toledo’s News Leader, News 11 | Layoff for Jeep Wrangler workers extended.

 

Rayonier plans to lay off 55 workers and suspend operations at its lumber mill in Eatonton.

“With the terrible housing market and the economy showing no sign of improving, we cannot be good to anybody operating at a loss,” company spokesman Mike Bell said Monday.

via Rayonier says layoffs, shutdown coming to Eatonton lumber mill – Breaking News – Macon.

 

* TORONTO — Three southern Ontario newspapers owned by Torstar Corp. (TSX:TS.B) are cutting a total of about 64 jobs in a streamlining caused by slumping advertising revenues.

On Monday, Torstar’s Metroland Media Group announced the elimination of 64 full-time-equivalent positions at three papers, including 30 at the Hamilton Spectator, 21 at the Waterloo Region Record and 13 at the Guelph Mercury.

via The Canadian Press: Torstar cuts 64 jobs at three southern Ontario newspapers.

 

itronix* SPOKANE VALLEY, Wash. – An Itronix spokesperson said the laptop manufacturing business will lay off 300 people by the end of the year as they move their operations to their similar location in Florida.

via Itronix announces layoffs of 380 workers | More Washington News | NWCN.com | Northwest News and Weather.

 

* The Catholic Diocese of Phoenix, citing the poor economy and a decline in donations, has eliminated 17 positions, resulting in 11 layoffs. Two other positions were converted to part-time.

via Catholic Diocese eliminates 17 positions.

 

ethan-allen1* ORLEANS, Vt. (AP) – State officials say the Ethan Allen furniture plants in Orleans and Beecher Falls have laid off 110 people.

via Fox 44 – Burlington and Plattsburgh News, Weather and Sports – Fox44.net | Ethan Allen lays off 110 in Northeast Kingdom.

 

* The Diocese of Colorado Springs has cut six staff positions at the Catholic Pastoral Center because of budget shortfalls, a diocese leader said Monday. Departments within the diocese have also been consolidated and restructured to operate more cost-effectively.

via Springs diocese eliminates six jobs | diocese, budget, employees – Top Stories – Colorado Springs Gazette, CO.

 

* A slowdown in the western Canadian oilpatch has put the brakes on the construction of two land-based drill rigs by two Nova Scotia companies.

Laurentian Steel Fabricators of Sydney won a $35-million contract last year to construct the rigs for Nabors Canada of Calgary.

via Rig work on hold, 40 to be laid off – Nova Scotia News – TheChronicleHerald.ca.

 

* VIZ Media CEO Hidemi Fukuhara has issued the following statement: “Viz Media is in the process of refining its focus and is restructuring to adjust to changing industry and financial market realities. Viz feels confident that with these changes, the company will be more streamlined to face the current economic climate.”

via Manga Publisher VIZ Media Restructures, Some Staff Laid Off.

 

* Harris said the company has since been reduced by about 40 employees who have retired or left and have not been replaced. Approximately 195 workers remain, he said.

via Freeburg company lays off 55 workers – Breaking news – Belleville News-Democrat.

 

international-paper2* KENTON – Hardin County’s largest manufacturer, International Paper Foodservice Business in Kenton, has laid off 40 employees, cutting its work force down to 400.

 

The Spectator is laying off 35 staff across the newspaper in reaction to the global economic downturn and the resulting slowdown in the media industry.

via TheSpec.com – Business – Hamilton Spectator to lay off 35 .

 

* The Borbet Alabama plant in Auburn is issuing more temporary layoffs effective this week, Human Resources Director Les Davis said Monday.

Approximately 20 employees with various positions will be affected, he said.

via More temporary layoffs at Borbet in Auburn | Opelika-Auburn News.

 

manitowoc-crane* SHADY GROVE, PA – The Manitowoc Crane Group has announced they will be laying off 450 employees at Grove Manufacturing within the next week.

via Manitowoc Crane Group to Cut 450 Jobs at Grove.

 

billy-graham* The Billy Graham Evangelistic Association is laying off about 10 percent of its staff, or 55 employees, in an effo

via Billy Graham Association to lay off 55 – Minneapolis / St. Paul Business Journal: .

 

aeropostale* Teen clothing retailer Aeropostale Inc (ARO.N) on Monday said it would close its 11-store Jimmy’Z chain to focus on its namesake store and a new concept that will target younger shoppers.

The company said it would close the Jimmy’Z stores in the second quarter.

via UPDATE 1-Aeropostale to close its Jimmy’Z stores | Reuters .

 

* MUNCIE — Two years after BorgWarner announced it would shut down its Muncie plant, the auto parts maker has given its final closing notice to the state.

BorgWarner has filed its Worker Adjustment and Retraining Notification Act letter — or WARN notice — with the Indiana Department of Workforce Development, confirming its intention to close its plant on Muncie’s west side in April.

via BorgWarner issues notice forecasting plant’s closing | thestarpress.com | The Star Press.

 

milliken-compan* Milliken & Company announced Tuesday it will reduce their workforce by around 650 associates – across 47 worldwide locations – because of the recession.

via Milliken & Company to Cut About 650 Jobs Worldwide | WSPA.

 

ppl* Electricity provider PPL Corp. (PPL) will shed about 200 jobs, or 6% its non- union U.S. work force, as it looks to cut costs amid financial pressures tied to the recession.

via Power Generator PPL To Cut 6% Of Non-Union US Work Force.

 

* CHICAGO — Neal, Gerber & Eisenberg, a Chicago-based law firm formerly with about 200 lawyers, has cut nearly 10% of its attorneys as a result of the downturn in the economy.

via Midsize Chicago firm goes through second round of layoffs .

 

* LITTLE ROCK (AP) — The Arkansas Democrat-Gazette is laying off as many as 60 people, including seven who work in newsrooms.

via Arkansas Democrat-Gazette announces layoffs | baxterbulletin.com | The Baxter Bulletin.

 

* The Daily News says that 77 full-time employees, many of whom had worked at the local facility from 12 to 17 years, were laid off in response to the continuously struggling economy.

via Report: Cuts continue at Delta Faucet in Greensburg | IndyStar.com | The Indianapolis Star .

 

* Trans World Entertainment Corp. has eliminated 45 stock and receiving jobs at its Albany, N.Y., distribution center, the second layoffs announced by the CD, DVD and video game retailer this year.

via Trans World cuts 45 jobs – The Business Review (Albany): .

 

hino* MARION, Ark. – Hino Motors Manufacturing has laid off 157 workers at its east Arkansas plant in Marion.

 

* In their open letter to openSUSE community members on Thursday, Bleser and Yunashko did not say how many of Novell’s open source developers have been impacted by the latest round of layoffs. But the two board members did say they remain convinced that Novell is committed to the openSUSE Project.

via Novell lays off openSUSE Linux developers | Betanews.

 

csx* CUMBERLAND – Rail operator CSX Corp. said the weak economy has forced it to lay off 57 workers at its Cumberland rail yard.

via Rail operator CSX lays off 57 in Cumberland –– baltimoresun.com.

 

* One of the latest area companies to announce layoffs is Johnson Brothers Rubber Co. in West Salem, which cut 20 percent of its labor force, about 24 of 122 employees, Vice President Eric Vail said.

via The-Daily-Record.com – W. Salem’s Johnson Rubber lays off 24.

 

fleishman-hillard* Fleishman-Hillard Inc., citing unprecedented economic times, announced Monday that it laid off employees at its Kansas City office.

Its announcement did not specify a number, but a source indicated that it was about 13 employees.

via Fleishman-Hillard lays off employees in Kansas City – St. Louis Business Journal: .

 

* Vacaville’s ALZA Corp., a pharmaceutical and medical delivery systems firm, this morning laid off 140 employees, or more than 18 percent of its remaining workforce, a corporate spokesman said.

via Layoffs announced at ALZA – The Reporter .

 

medtronic* At an employee meeting today, Medtronic Inc. CEO Bill Hawkins said the medical technology giant plans to reduce its global workforce in the coming fiscal year, but didn’t offer further details on the scope of the job cuts.

 

 

International News

 

 

lonmin* LONDON (AFP) — British mining group Lonmin is to axe up to 5,500 workers in South Africa, the company said on Tuesday after reaching a deal with trade unions on a restructuring plan to weather the global downturn.

via AFP: Lonmin to axe 5,500 jobs in South Africa.

 

pacific-brands* PACIFIC Brands will axe 1850 jobs from its manufacturing and administration operations after posting a first half loss due to difficult market conditions.

 

nokia3* HELSINKI (AP) — Nokia Corp., which announced this month it was planning cut jobs, said Tuesday it will seek up to 1,000 voluntary resignations to further reduce costs amid the global economic downturn.

 

* Large numbers of police forces are planning to cut thousands of officers despite the threat of a recession-driven surge in crime and disorder.

Representatives from dozens of police forces contacted by The Times last night gave a grim picture of falling numbers and “significant and painful” cuts.

via Thousands of police to lose jobs as forces feel the pinch – Times Online .

 

gm25* MEXICO CITY -(Dow Jones)- General Motors (GM) said Monday it’s planning several days of work stoppages at three of its plants in Mexico during March and April to adjust production for falling global demand.

via GM Plans Work Stoppages At Three Mexican Plants.

 

vodafone* Vodafone Group PLC (VOD) said Tuesday it will cut 500 jobs in the U.K. as part of its GBP1 billion cost cutting program announced in November. The mobile phone operator said the job cuts would come from all levels of the business with around 170 of those jobs going at its headquarters in Newbury, England, and a further 180 customer service jobs cut in various parts of the country.

 

* Labuan: Guocera Tiles Industries (Labuan) Sdn Bhd, the sole manufacturer of ceramic tiles in Sabah and Labuan, ceased its operation on January 9, this year, resulting in the mass layoffs of its 150 employees.

via Sole Sabah, Labuan tiles maker ceases op, 150 laid off | Daily Express Newspaper Online, Sabah, Malaysia..

 

* Arvin Meritor says the threatened jobs are in the brake components part of the factory, which employs 330 people.

via BBC NEWS | UK | Wales | South East Wales | Car parts factory to cut 56 jobs.

 

* At least 160 employees in the municipal and regional administrations in Varna will be laid off.

via News.bg – Over 160 employees laid off from Varna administrations.

 

* Navigant Consulting Inc (NCI.N) posted an 88 percent jump in fourth-quarter profit, helped by strength at its economic and financial advisory business, but said it will cut about 100 jobs to reduce costs.

 

Hiring News

 

* Now that Congress has passed and President Obama has signed the $787 billion American Reinvestment and Recovery Plan, its intent is to create or save up to 4 million jobs over the next two years.

If you’re a job seeker, no doubt you’re probably wondering: What does this mean for me? What kind of jobs will be created?

via Stimulus package for job seekers : The Work Buzz.

 

* Responding to the state’s 219,000 jobless overloading the system, the labor department on Monday put Hoehn and 27 other St. Louis claims center employees — most who lost their jobs last year — back to work at the reopened call center.

Another eight are scheduled to start next week.

The irony of the recession forcing the Labor Department to restaff an unemployment office with jettisoned employees was not lost on the agency’s director, Larry Rebman.

via 02/24/2009 – Jobless claims office rehires laid-off staff – STLtoday.com .

 

Mike: A busy day of layoff announcements with California leading the way with numerous state layoff announcements. Still a relatively tame day compared to the layoff stories of 20,000 being cut at various companies. Let’s end this hectic day with a few laughs……………

 

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Jerry Holbert - Feb 24

Jerry Holbert - Feb 24

 

top

 

February 23 – UK’s RBS to slice 20,000 – Some Republican governors don’t want stimulus funds – Employer must notify you about COBRA – Do you owe Microsoft money? No, they changes their minds – Russel Metals cuts 500 – Neiman Marcus dumps 450 – Z Gallerie sheds 350 – Micron deletes 2,000 more – Spansion zaps 3,000

Mike: I hope you all had a fine weekend. First off is the issue of some Republican governors refusing some stimulus funds: 
                  

GOV. JINDAL: Well, it, it’s–no. The $100 million we turned down was temporary federal dollars that would require us to change our unemployment laws. That would’ve actually raised taxes on Louisiana businesses. We as a state would’ve been responsible for paying for those benefits after the federal money disappeared.

MR. GREGORY: All right, but the Democratic senator from Louisiana, Mary Landrieu, says you’re wrong. This is how it was reported in The Times-Picayune Saturday: “Senator Landrieu disputed the governor’s interpretation and said the new unemployment benefits are designed to be temporary. `The bill is an emergency measure designed to provide extra help during these extraordinarily tough times,’ Landrieu said. `To characterize this provision as a “tax increase on Louisiana businesses” is inaccurate.'” Her point being, you could insert a sunset clause when this has to go away, but it would certainly be beneficial at a time when you’re in economic stress.

via Newsmax.com – Jindal to Turn Down $100 Million in Stimulus Funds. And:

Riley may turn down part of stimulus meant to expand unemployment benefits – Breaking News from The Birmingham News – al.com.

 

The fact that some Republican governors want to refuse stimulus funds makes me shake my head. Jindal is turning down funding for unemployment benefits at a time when unemployment is spiking to levels not seen since 1982, yet he wants to cut taxes on capital gains, which doesn’t benefit the immediate needs of the unemployed.
The taxpayer has provided an $800 billion stimulus with about 1/3 of that being Republican demanded tax cuts. Now you have these delusional Republican governors saying they may not take SOME of the stimulus money. I guess they are trying to show that they think government is spending excessively, but is denying their citizens the benefits of reduced joblessness, improved infrastructure, increased unemployment benefits the best course of action? Why would these governors want to refuse direct state aid so state layoffs are minimized when jobs are needed most? Should states spend the stimulus funds indiscriminately and unwisely? No, they should be held accountable for spending and each dime should be tracked to make sure it is spent prudently. The Republicans have some useful ideas about taxes that can be reviewed and implemented as needed, but to say more tax cuts are the only way to stimulate the economy is foolish at best.
It’s disappointing that these same Republicans didn’t try to be fiscally responsible during the Republican reign of Bush and the ever increased federal and trade deficits. Even the usually lame MSM reported the disturbing increase of the federal debt under Republican rule:

With no fanfare and little notice, the national debt has grown by more than $4 trillion during George W. Bush’s presidency.

It’s the biggest increase under any president in U.S history.

On the day President Bush took office, the national debt stood at $5.727 trillion. The latest number from the Treasury Department shows the national debt now stands at more than $9.849 trillion. That’s a 71.9 percent increase on Mr. Bush’s watch.

via Bush Administration Adds $4 Trillion To National Debt – Couric & Co..

Mike again: During the Republican controlled congress Bush years, the federal deficit increased from $5 trillion to $10 trillion! Talk about being irresponsible. Now these same fools don’t want to give some help to their citizenry. I didn’t vote for Obama, so this isn’t a Democrat rant, it’s more shock that these clueless Republican governors think that refusing taxpayer money is a badge of honor. No, it’s more a badge of stupidity and it puts their citizenry at further risk of job loss. It’s more a stage show than a show of financial responsibility and they should be admonished for their irresponsible and foolish grandstanding.  
* The debate over that federal stimulus money being offered to cash-strapped states like Texas continued Saturday.

Friday President Obama said Texans might lose out if Governor Rick Perry does not accept that money.

But as the nation’s Governors meet in Washington this weekend — some — including Perry – said they might turn some of it down

While he has not outright rejected the stimulus money, Governor Rick Perry questioned whether the nearly $800 billion bill signed into law this week will even help the economy. 

It is the same concern Austin resident Vince Hazen has.

I’m on the principle side that we shouldn’t take the money. I don’t think we need it, and I don’t think that’s the job of the federal government,” said Hazen

via Governors and Austinites debate stimulus | News for Austin, Texas | KVUE.com | State News.

 

John Stewart explains this Republican head fake better than most:

 

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Mike: At least this is a sign that the stimulus funds will have some level of oversight:

* WASHINGTON (AP) — President Barack Obama plans to announce Monday a former Secret Service agent who helped expose lobbyists’ corruption at the Interior Department as his pick to oversee the $787 billion economic stimulus plan.

Obama is set to name Earl Devaney as chairman of the new Recovery Act Transparency and Accountability Board, an administration official said Sunday. Vice President Joe Biden also will be given a role coordinating oversight of stimulus spending.

via Official: Investigator to lead stimulus oversight – Yahoo! Finance.

 

Robert Ariail - Feb 22

Robert Ariail - Feb 22

 

Mike: There are some who understand the importance of the stimulus funds:

* Gov. Martin O’Malley announced yesterday that he has canceled plans to lay off 700 state workers and slash millions from local school budgets, saying federal stimulus funds have saved Maryland from some of the most painful belt-tightening decisions proposed in recent weeks.

Mike: Onto the news of the day……………..
Larger layoff announcements and news you can use:
US/Canada 

International:
                             

 

 

Microsoft/Google/IBM and other Rumors & News

 

* SEATTLE (Reuters) – Microsoft Corp has dropped an attempt to recoup some severance money from 25 recently fired workers it mistakenly overpaid.

The Redmond, Washington-based company, which announced a plan to cut up to 5,000 jobs in January, acknowledged on Sunday that it had tried to get the overpaid workers to return the extra money. But late on Monday, it reversed course.

via Microsoft drops payback demand on ex-workers | U.S. | Reuters .

 

* Microsoft is announcing on Sunday a job training effort aimed at giving technical skills to as many as 2 million Americans over the next three years.

The most significant part of the program, in which Microsoft is offering free certification and other technical training, is being done in a phased approach, starting with Washington state. The second component of “Elevate America,” available online immediately, is a Web site designed to help people with the basics such as creating a resume and send e-mail.

via Microsoft aims to ‘Elevate America’ | Microsoft – CNET News.

 

* An accounting error by Microsoft Corp (MSFT.O) has reportedly led the world’s largest software maker to notify some laid off employees last week that they would need to give back part of their severance pay.

The company laid off 1,400 workers last month, the first of 5,000 jobs Microsoft has said it plans to cut over the next 18 months.

The error is believed to have overpaid some former employees and underpaid others. Those that were overpaid were sent letters requesting them to refund the company by sending a check or money order.

via Microsoft seeks refund from some laid off workers | Industries | Technology, Media & Telecommunications | Reuters .

 

General Economic News

 

* How do we get the subsidies for health-care coverage promised to unemployed workers in the economic stimulus package?

People across the country have been asking that question now that the package has been signed, sealed and delivered.

Although final details still are being hashed out, here’s what I learned from Kelly Traw, an executive at Mercer, a firm that advises companies on employee benefits:

Your former employer is responsible for notifying you of your eligibility for the COBRA subsidy included in the stimulus legislation.

via Companies to notify former workers of COBRA subsidy eligibility — chicagotribune.com.

 

* Wichita’s health care providers say the usual end-of-the-year rush for appointments hasn’t let up.

They’re attributing the continued demand to people who’ve gotten layoff notices and are trying to get medical, vision and dental needs taken care of before they lose their benefits.

Physician Ed Hett, president of Preferred Medical Associates, said the increase in the request for appointments is similar to “the kind of thing we see toward the end of every year, when people have met their deductible and see a new one coming — they try to squeeze in more what I call elective visits” before a new deductible requirement begins.

via Layoffs spur doctor visits before benefits run out | Wichita Business – Kansas Business | Kansas.com.

 

 

Jeff Stahler - Feb 22

Jeff Stahler - Feb 22

 

* Our primer can help you avoid pointless hours on hold and delays in getting the benefits you’re entitled to.

via Unemployment insurance: A guide – Los Angeles Times.

 

* “We’ve never had waiting lists like this, ever,” said Deborah Weaver, director of community education for Elkhart Community Schools.

David C. Harvey, president of ProLiteracy, a nonprofit literacy organization with 1,200 affiliates, said agencies that help people study for GEDs and other adult education classes are being deluged at a time when many are facing cuts in state funding and dwindling donations.

“This is quickly becoming a national crisis,” he said. “Our programs have gotten hit with less resources, but in turn they have a huge increase in demand for services that they can’t meet.”

via Demand for GED classes increase with job losses.

 

Municipal News

 

*Seven employees in the Canyon County Development Services department were laid off as a result of a dramatic decline in construction and development-related growth.

via Seven development employees laid off in Canyon County | Nampa, Caldwell | Idaho Statesman .

 

* BLACKSTONE — The town made an unexpected move to reduce operating costs last week by eliminating two top positions: director of public works and director of parks and recreation.

via Woonsocket Call – Two Blackstone department heads laid off.

 

* NORTH PROVIDENCE –– Mayor Charles A. Lombardi dismissed 20 town workers last night after their unions failed to meet a 7 p.m. deadline for accepting deep cuts in wages and benefits.

In all, 10 municipal workers and 10 public works employees lost their jobs. Lombardi also plans to lay off 30 firefighters following a Superior Court hearing tomorrow.

via N. Providence mayor lays off 20 unionized town workers | North Providence | projo.com | The Providence Journal .

 

* Goshen — Bracing for tough economic times, Orange-Ulster BOCES has decided to cut 40 jobs, 20 of them through layoffs as part of efforts to deliver the lowest cost increase in recent memory, officials of the educational service said.

 

US and some Canada News

 

micron* Micron Technology will lay off as many as 2,000 additional people as demand for DRAM products continues to decline.

Micron plans to phase out 200-millimeter wafer manufacturing operations at its Boise, Idaho, facility. That will initially result in layoffs of 500 employees, but as many as 2,000 people could lose their jobs by the end of Micron’s fiscal year, the company said.

via Micron to Lay off as Many as 2,000 in Boise – PC World.

 

micron1* Micron Technology Inc. (MU) will cut 2,000 jobs as it phases out 200- millimeter DRAM chip manufacturing operations in Boise, Idaho, by the end of its fiscal year in August.

These layoffs are in addition to a 15% reduction, affecting about 2,850 employees, announced last fall as the company stopped production of some NAND flash-memory chips, which are used to store data in iPods, digital cameras and other devices.

via Micron Tech To Cut 2,000 Jobs, Close Some Boise Operations.

 

spansion* Spansion Inc. said late Monday that it plans to cut its global workforce by roughly 3,000, making it the latest technology company to resort to job cuts in an attempt to grapple with the recession.

 

spansion1* SUNNYVALE, Calif. (AP) — Troubled flash memory maker Spansion Inc. said late Monday it will slash its global work force by 35 percent, affecting about 3,000 employees, mostly at manufacturing sites.

The move comes as Spansion, one of the world’s largest makers of flash memory chips used in digital cameras and other gadgets, is cutting costs amid a company-wide restructuring effort and exploring a possible sale.

via The Associated Press: Spansion cuts 3,000 employees, 35 pct of workforce.

 

window* CLARKSBURG — Eagle Glass in Clarksburg laid-off workers on Friday.

Company employees said they were not warned about the lay-offs. They were given pink slips after their work day ended on Friday. Representatives at Eagle said the lay-offs may be temporary. They were unable to confirm details or how many people lost their jobs. The company was just bought by the Switzerland based company EuropTec Group at the end of January.

via Eagle Glass Workers Laid-off – WBOY-TV – WBOY.com.

 

* Murray’s Webasto Roof Systems Inc. plant will close permanently July 15; a victim of sagging national automobile industry.

Andreas Weller, the company’s vice president for business development, said Friday afternoon that the closure was unfortunate, but necessary given economic conditions that have hit the automotive industry hard.

via Murray Ledger & Times Your Home Town News Source.

 

* Also facing a $1.7 million reduction, the College of Education hasn’t been as lucky when it comes to layoffs, according to Dean Andy Horne.

“We’ve had a number of part-time faculty that we’ve had to let go because we can’t afford them,” Horne said in a phone interview Thursday. “The people currently employed full time are staying employed.”

via University implements large cutbacks – News.

 

* TORONTO: Nine employees were laid off at Fleishman-Hillard Canada, as part of staff cuts across North America.

via Fleishman-Hillard Canada cuts staff – PRWeek US.

 

* WILLIAMSBURG – Ninety-two full-time employees will be temporarily laid off at Williamsburg Manufacturing, a division of Magna International Inc.’s Cosma operating unit. Those layoffs will take effect March 2, 2009.

via Williamsburg Manufacturing Announces 92 Layoffs | KCRG-TV9 Cedar Rapids, Iowa | Business News .

 

* Ninety-five people will lose their jobs as Macy’s closes its location at the Bellevue Center — 19 more than had been expected.

via Macy’s to cut 95 jobs in Bellevue – Nashville Business Journal: .

 

The Zenith National Insurance Corp. is shedding about 100 jobs, or 6 percent of its work force, but Chairman/CEO Stanley Zax said it should have little impact on the Sarasota operation.

via Business buzz: Zenith doubts layoffs will hurt Sarasota | HeraldTribune.com | Sarasota Florida | Southwest Florida’s Information Leader.

 

christopher-banks* Christopher & Banks said it would axe 24 positions from its corporate headquarters as part of a broader cost-cutting initiative for 2010.

via Christopher & Banks cuts 24 jobs at HQ – Minneapolis / St. Paul Business Journal: .

 

* A Red Oak, Iowa, window manufacturing company is closing today.

In a press release sent Sunday, the Chicago family that bought the former Traco plant last year cited the economy and labor strife in Chicago as reasons for shuttering the facility and eliminating 100 jobs.

via Omaha.com Metro/Region Section.

 

pacira* San Diego-based Pacira Pharmaceuticals, which raised $85 million in venture capital just three months ago, laid off about 40 employees last week.

via Pacira Cuts 40 Jobs After Setback in Clinical Trial of Painkilling Drug-Delivery Product | Xconomy.

 

z-gallerie* Z Gallerie Inc., a home decor retailer based in Gardena, Calif., is pulling out of Ohio and closing its store at Rookwood Commons in Norwood as it cuts its outlets by a third.

A company spokesman told the Cleveland Plain Dealer that Z Gallerie, founded in 1979 as a poster shop by three siblings, is closing 25 underperforming stores, consolidating its distribution network and laying off about 350 employees nationwide because of “deteriorating economic conditions.”

via Norwood among 25 Z Gallerie stores to close | Cincinnati Enquirer | Cincinnati.Com.

 

* In another sign of the deepening economic chill in Michigan, the Detroit Institute of Arts announced Monday that it will lay off 20 percent of its staff, or about 56 full-time and seven part-time positions.

via DIA announces 20-percent cut in staffing | detnews.com | The Detroit News.

 

russel-metals1Russel Metals (RUS.TO) said on Monday that it plans to cut 500 jobs and reduce the salaries of its top staff by 10 percent as it braces for a steep decline in demand for steel products.

via UPDATE 1-Russel Metals to chop staff, cut executive pay | Markets | Markets News | Reuters .

 

First Tennessee Bank will cut 250 jobs in the next year, but it’s uncertain how many jobs in the Knoxville region will be eliminated.

via First Tennessee cutting 250 jobs : Business : Knoxville News Sentinel.

 

T3 is shrinking its staff once again because of the ailing economy.

This is the advertising agency’s third round of layoffs in the last six months. The agency, which is one of the largest independent agencies in the country, let staff go in October after losing longtime client Marriott. Last month, the agency made small staff cuts when clients scaled back their advertising spending.

via Ad agency T3 slims down again – Austin Business Journal: .

 

* Neiman Marcus Inc. said Monday that it will cut another 450 jobs this week and that salaried employees are taking a pay cut.

The layoffs are companywide “across all divisions and across all levels,” said Ginger Reeder, vice president of corporate communications.

via Neiman Marcus lays off 450 more employees | News for Dallas, Texas | Dallas Morning News | Dallas Business News .

 

 

International News

 

rbs1* Royal Bank of Scotland will embark this week on a radical plan to split itself in two as it cuts tens of thousands of staff across the globe and confirms the biggest annual loss in British corporate history.

The split, into elements to be retained and those to be sold, comes as Stephen Hester, the chief executive of RBS, and Eric Daniels, his counterpart at Lloyds Banking Group, go to the Treasury today to agree terms for their banks’ entry into the Government’s insurance scheme for toxic assets.

via Up to 20,000 jobs will go as RBS chief prepares to sell off unwanted assets – Times Online .

 

rbs2* The move is expected to result in the loss of about 20,000 jobs, more than half of which will be in the United Kingdom. Large parts of its investment banking business will be designated for sale or close down. Its Asian operations and retail operations across central and eastern Europe will be sold off, the Times reported.

 

* Feb. 23 (Bloomberg) — Vodafone Group Plc, the world’s largest mobile-phone company, plans to cut hundreds of jobs in the U.K. to reduce costs and protect earnings amid the economic slowdown, two people with direct knowledge of the plan said.

via Bloomberg.com: Worldwide.

 

* Vodafone, the world’s largest mobile-phone company, plans to cut hundreds of jobs in the U.K. to reduce costs amid the economic slowdown, Bloomberg reports, citing people with direct knowledge of the plan.

The company could announce the measures Tuesday. The jobs will be eliminated at Vodafone’s U.K. operations, said the people, without giving a precise number.

via Vodafone to Cut Hundreds of U.K. Jobs: Report | Telecom | Financial Articles & Investing News | TheStreet.com.

 

* CLOSE to 250 workers at a gearbox factory in southern NSW are likely to be made redundant following the company going into receivership.

via Gearbox company to cut jobs .

 

* Lagardere Active is to cut 250 jobs in Spain, Italy and the United States as part of “exceptional measures” to combat the economic crisis, chief executive Didier Quillot told Le Figaro newspaper.

via Lagardere Active to cut 250 jobs | theBookseller.com.

 

* Rio Tinto has sacked a further 18 workers at its northern Tasmanian smelter.

via Bell Bay jobs cut – ABC News (Australian Broadcasting Corporation).

 

* BHP Billiton said today it would reduce the number of employees at its Melbourne head office to about 350 from 600 previously.

via BHP to cut staff from Melbourne head office | The Australian.

 

* Trinity Mirror is cutting up to 70 journalists, almost a third of editorial staff, from its Glasgow-based Scottish newspapers, including the Daily Record and Sunday Mail, as part of a radical shakeup.

via Trinity Mirror to cut 70 jobs at Glasgow newspapers | Media | guardian.co.uk .

 

* Merging Brazilian banks Itaú (NYSE: ITU) and Unibanco (NYSE: UBB) plan 100 lay-offs in their investment banking and brokerage operations, they said in a statement.

 

Hiring News

 

* SEATTLE – How would you like to work just a few hundred feet from future Hall of Famer Ken Griffey, Jr?

The Seattle Mariners are hosting a job fair to fill about 150 positions at Safeco Field for the 2009 season.

via Safeco Field hiring for 2009 Mariners season | Sports | NWCN.com | Northwest News and Weather.

 

* Social-networking player Facebook has begun recruiting for 40 positions in its new operation, which opened its doors in central Dublin. The company has appointed ex-Google sales director Colm Long as head of the Dublin operation.

via SiliconRepublic.com: Facebook’s European HQ is recruiting – Business.

 

Mike: More news as the day develops…………….

 

 

 Ed Stein - Feb 22

Ed Stein - Feb 22

 

 

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February 21, 22 – Weekend Edition – Kaiser readies the ax – AK Steel to layoff another 1000? – GM/Chrysler need billions more to survive – Stimulus increases unemployment benefits – Irish take to the streets of Dublin

Mike: I hope you all are having a fine weekend so far. 

This weekend’s post will catch up on a few missed layoff announcements and give a review of some of this past week’s economic events. Maybe an outrage may find its way into the posting as well.
If you have any unemployment related subjects that you would like to discuss, please post them in the comments area or send me an note at mike@layofflist.org and I’ll  make sure they are responded to. Also, send a note if you have any questions about the unemployment section of the stimulus bill or if you know of any pending layoff announcements that I may have missed. 

Thanks, Mike………
Mike: My thought of the day. Would it be more beneficial to you and your family to get an $13 a week or $7000 all at once? Read on for the details.……..
Mike: As the below story shows, it looks like the Irish are tired of banks getting billions in bailouts while the citizenry gets layoff notices and tougher times. In the US, banks are still being allowed to do as they please regardless of the antics of congress. Although Obama proposed limiting bank CEO salaries to $500,000, there are so many loopholes in the proposal that it is toothless in limiting compensation. It may not take much more bank and government ineptitude to push the American public to the streets to demand accountability and fairness. After all, it’s our money that fills the coffers of both banks and government, so we should take an active role in how that money is allotted. Right now that money is not going to where it is needed most, unless of course you think an extra $13 a week in your paycheck or $25 a week in your unemployment check is going to turn things around. I think of it this way ( just rough estimates); there are approximately 100,000,000 households in the US and if the government gave the people a $700 billion dollar bailout, like they did the banks, the government could send each household $7000. Now I don’t know about you, but having an extra $7000 in my pocket is going to help me much more than $13 a week.  I again urge us all to contact our congressional representatives (although they represent banks more effectively than the public at large) and demand accountability, transparency and justice in doling out your billions in bailout funds. Ask them why you are getting only $13 a week instead of $7000 up front.  Congressional contact info at Congress.org  
Go Irish!
* * DUBLIN (Reuters) – Nearly 100,000 people marched through Dublin on Saturday to protest at government cutbacks in the face of a deepening recession and bailouts for the banks.

Ireland’s Prime Minister Brian Cowen is under pressure from Brussels and ratings agencies to squeeze a ballooning budget deficit, but plans to introduce a pension levy on public sector workers and freeze their pay has hammered his approval ratings and those of his party to record lows.

via Tens of thousands march against cutbacks in Ireland | International | Reuters .

 

Mike: The following links may be some news you can use:

 

 

 

 

 

Microsoft/Google/IBM and other Rumors & News

 

* Microsoft released local and worldwide employment figures for January, showing that it brought hiring to a near-halt last month as it announced companywide layoffs for the first time.

Worldwide, Microsoft added 115 employees in January, bringing its global full-time work force to 95,943. That’s an increase of about one-tenth of a percent from Dec. 31.

via Microsoft Pri0 | Microsoft employment increased slightly in January; layoffs to be reflected in later figures | Seattle Times Newspaper Blog.

 

* The world’s largest software company is making a lot of boneheaded moves lately.

Big companies are going to make big mistakes from time to time. It’s inevitable. However, when a big company is making too many small mistakes, it makes one wonder.

Let’s go into just a few of my beefs with Microsoft (Nasdaq: MSFT) these days. Let me know if you agree.

via Dumb and Dumber Moves at Microsoft .

 

* The meandering Internet portal is rolling out Rich Ads in Search, a product to help advertisers get noticed before the lucrative search engine audience. The ads are called “rich” because we’re talking about rich media here. Sponsors will be able to insert graphical, interactive, and even video ads into Yahoo!’s query result pages.

Unfortunately, they’re not called “rich” because they will make Yahoo! shareholders rich.

via Try Again, Yahoo! .

 

General Economic News

 

Bigger and longer unemployment benefits. –

The stimulus bill also increases weekly unemployment benefits by $25 through 2009. The amount of your unemployment benefits continues to vary based on your previous income and your state, but everyone will receive an extra $25 per week. This increase is automatic — people who are receiving benefits won’t need to take any special steps to boost their benefits. But it may take a few weeks for the state unemployment offices to reprogram their software programs and add the extra money, says Rich Hobbie, executive director of the National Association of State Workforce Agencies.

Plus, people collecting unemployment benefits get a tax break. Unemployment benefits are usually subject to federal income tax. But people receiving unemployment benefits in 2009 will be able to exclude the first $2,400. Any benefits you receive beyond that in 2009 will be subject to federal income tax.

via How the stimulus helps laid-off workers – KHQ-TV- msnbc.com.

 

* Our primer can help you avoid pointless hours on hold and delays in getting the benefits you’re entitled to.

 

* WASHINGTON — President Barack Obama’s task force on the auto industry met for the first time Friday to start reviewing requests from General Motors Corp. and Chrysler LLC for $7 billion in loans before the end of March and up to $21.6 billion over the next couple of years.

 

The White House said that the panel’s leaders — Treasury Secretary Timothy Geithner and National Economic Council director Lawrence Summers — “emphasized the urgency of the issues affecting the American auto industry and the need for fundamental restructuring.”

via Obama auto team gears up as GM shares hit low | Freep.com | Detroit Free Press.

 

 

 

Ed Stein - Feb 21

Ed Stein - Feb 21

 

* While the tech industry has announced thousands of layoffs in recent months, as the global recession spread through Silicon Valley, some local companies are also starting to trim employee pay and benefits to reduce costs.

The moves, once considered unusual, are a way to “share the pain” that might save some jobs, according to executives and economists, although the cuts don’t sit well with some workers.

via Tech companies turning to pay cuts to lower costs – San Jose Mercury News .

 

Municipal News

 

* Eighty-two of Napa Valley Unified School District’s nearly 2,000 full-time employees won’t be returning for the 2009-10 school year.

via NVUSD to layoff 82 employees | Napa Valley Register.

 

Four people in the city-county Planning Department were told Thursday that their last day of work will be March 31.

 

US and some Canada News

 

* Kaiser will freeze the pay of top executives, hold staffing at 2008 levels, slash travel budgets by at least 25 percent, reduce the use of consultants and temporary employees, cut an unspecified number of jobs and hold capital spending to 2008 levels, giving priority to “projects needed to improve care, maintain our facilities, and position us for future growth.”

via Kaiser faces job cuts, pay freeze after $800M loss – Sacramento Business Journal: .

 

* AK Steel Corp. President and CEO Jim Wainscott painted a gloomy picture of the steel maker’s job prospects this year, in a Thursday interview with the Hamilton Journal-News.

Wainscott said about 1,000 of the company’s 6,500 workers have been laid off, and that number “will probably double before things get better,” according to the story.

via Wainscott: Layoffs may double at AK Steel – Dayton Business Journal: .

 

* * HNTB Corp. made job cuts on Thursday because of the weak economy.

That equates to about 240 employees. Prem confirmed that the layoffs included Kansas City-area employees, but did not disclose how many.

via HNTB makes job cuts – Kansas City Business Journal: .

 

* Stroh Die Casting, Wauwatosa, and Construction Forms Inc., Port Washington, notified the state Friday that it plans to conduct mass layoffs.

Stroh, 11123 W. Burleigh St., plans to lay off 60 workers, according to a notice filed with the Wisconsin Department of Workforce Development. The layoffs, which will be permanent, are expected to occur by April 27.

Construction Forms plans to cut 68 jobs, or about 25 percent of its work force, at its facility. However, the company indicated that the number and timing of the layoffs would be determined by business conditions over the next two months.

via Stroh Die Casting, Construction Forms plan layoffs – The Business Journal of Milwaukee: .

 

* California electronics firm that announced layoffs at its Rapid City plant last month has now announced it will close the plant.

On Thursday morning, Sanmina-SCI told the 275 employees of its Rapid City facility that the plant, located at 222 Disk Drive, will close by the end of June. Some workers will remain until the plant closes while others will depart once jobs they were working on are finished.

via The Black Hills Pioneer & Rapid City Weekly News | BHPioneer.com |Sanmina-SCI to close RC factory in June; 275 jobs lost.

 

* Its blast furnaces cold since October, ArcelorMittal’s Cleveland facility could be at least three to six months away from producing steel again, the plant’s general manager said today.

A third of the plant’s salaried employees soon will receive temporary assignments at ArcelorMittal plants in other states, the company said. Separately, a union official said perhaps hundreds more hourly workers could be laid off within a month.

via ArcelorMittal Cleveland furnaces could remain down for six months or more – Business – cleveland.com.

 

* KERNERSVILLE – Deere-Hitachi Construction Machinery Corp. said today that it will shut down its Kernersville operations for two one-week periods during March.

The shutdown will affect primarily its 550 production employees, which represent about 85 percent of the company’s local work force.

via Deere-Hitachi plans short-term plant closing.

 

* Accuride Corp., a maker of commercial vehicle components based in Evansville, Ind,, plans to close a Cuyahoga Falls plant that makes aluminum wheels, eliminating 132 jobs.

via Crain’s Cleveland Business: Accuride Corp. to close Cuyahoga Falls plant, eliminating 132 jobs .

 

* Sixteen administrative staff were laid off at the University of Vermont on Friday and two varsity sports were eliminated to help balance the budget.

No faculty were laid off, but the administration says contracts will not be renewed for a number of lecturers next year.

via VPR News: UVM lays off 16, eliminates varsity baseball and softball.

 

* ELLENSBURG, Wash. The Daily Record newspaper is shutting down its press and laying off six people next month after reaching a deal to be printed by the Yakima Herald-Republic.

via Ellensburg ‘Daily Record’ Lays Off Staffers After Reaching Printing Deal .

 

* VANSCOY, Sask. — Roughly 300 workers at the potash mine in Vanscoy, Sask. are being laid off next month for four weeks because their employer is choked with product and running out of warehouse space.

via The Canadian Press: Agrium goes ahead with four-week layoff at Vanscoy potash mine.

 

Managers of the Fayetteville-based location contacted local police Friday morning to request extra patrols. The call was prompted by the impending layoff announcement, which affected both production and salaried employees.

Marshalltown President Joe Carter wouldn’t say how many workforce members were affected, but that the layoffs were permanent.

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

 

* The British bank announced the shuttering of EquiFirst on Tuesday, citing “market conditions.” According to the filing, 275 employees will be let go on April 18, with the remaining 273 being laid off between April 20 and Dec. 31. After June 13, there will be 117 employees remaining at the unit.

via Filing: EquiFirst layoffs start April 18 | CharlotteObserver.com.

 

* When Faegre & Benson — the law firm employing more Minnesota lawyers than any other — announced that it was letting 29 of those lawyers go, the message was clear: Nobody is untouchable in an environment that one lawyer called an “economic tsunami.” 

At about the same time, other local law firms cut staff and attorneys, including:  Merchant & Gould, which eliminated 33 jobs, including seven attorneys; Maslon Edelman Borman & Brand, which cut five administrative positions, and Halleland Lewis Nilan & Johnson, which cut about six jobs, including two lawyers.

via Finance and Commerce.

 

* Glendo Corp. President D.J. Glaser said the layoffs started in January and continued for a couple of weeks.

Glaser said a couple of the positions were part-time and a couple were full-time.

via Glendo announces layoffs | emporiagazette.com.

 

* ProBuild, a lumber and hardware chain, said reports of 12 layoffs in Butte are inaccurate. However, due to company privacy, it refused to release the exact number of layoffs.

via Montana’s News Station – Fair. Accurate. To the Point. -Layoffs reported at ProBuild.

 

* NMS Lay-Offs Claim Approx. 5% of Staff

As you well know, news media isn’t the only industry feeling the economic burn. FBDC has confirmed that New Media Strategies; the company that employs/has employed heavy hitters and ex-media folk such as Howard Mortman, John Henke and Soren Dayton experienced a round of layoffs on Wednesday.

via NMS Lay-Offs Claim Approx. 5% of Staff – mediabistro.com: FishbowlDC.

 

* Loparex LLC has announced layoffs for more than 50 employees at the company’s 115,000 square-foot Cullman plant, according to a letter sent from Loparex to the City of Cullman which was recently obtained by The Times.

via CullmanTimes.com, Cullman, Alabama – Loparex to cut 53 jobs.

 

DeVilbiss Healthcare is laying off 46 hourly employees as the company relocates manufacturing positions to China.

via DeVilbiss lays off 46.

 

* Salem Electric Co. said yesterday that it has temporarily laid off about 30 employees, or 10 percent of its local work force, since the first of the year.

via Salem Electric temporarily lays off about 30 workers.

 

* Facing a global economic downturn and a depressed forest products market, Millar Western announced layoffs and cuts in production affecting employees at two Whitecourt mills last week.

Effective Monday, the Whitecourt sawmill reduced a daily shift from three to two shifts resulting in temporary layoffs affecting 50 people. The Whitecourt pulp mill also reduced production resulting in the permanent termination of 16 positions.

via Millar Western announces cuts – Whitecourt Star – Alberta, CA .

 

* FAIRMONT — Philips Lighting announced Friday that it is closing its Fairmont plant.

The plant, which manufactures fluorescent light bulbs, will begin phasing out production at the end of the month.

Eighty-nine workers will lose their jobs.

via Philips Lighting Plant in Fairmont to Close – State Journal – STATEJOURNAL.com.

 

* LOWVILLE, N.Y. — Climax Manufacturing says it is cutting 17 hourly positions at its Lowville plant. By making these cuts, Climax hopes to restructure its business and attract investors.

 

International News

 

* Clifford Chance has accepted the voluntary redundancy of around 50 fee earners over and above the 80 lawyers facing compulsory redundancy.

While the formal redundancy process had only looked to cut 80 fee-earners, lawyers were invited at the same time to come forward to discuss voluntary redundancies if they were interested.

via Fifty take voluntary redundancy at Clifford Chance – 20 February 2009.

 

* A HAULAGE firm is set to close its Larkhall operations amid a bitter row over severance pay.

Stobart Chilled in Strutherhill Industrial Estate will shut for good on Sunday with the loss of 95 jobs.

via Firm to pull out amid redundancy pay row – Hamilton Advertiser.

 

Hiring News

 

* One company ready to fill positions is Bethesda-based Lockheed Martin Corp., the nation’s largest weapons maker. It has more than 2,300 openings in the region, most involving engineering and information technology.

The Navy awarded Lockheed Martin a $78.6 million contract Feb. 11 to produce hardware for the Aegis modernization and Aegis ballistic missile defense programs.

via The contrarians: Amid big layoffs, some still hiring – Washington Business Journal: .

 

* FORT SMITH, Ark. (AP) – Rheem Manufacturing Co. may call back some laid off workers at its Fort Smith factory. Work is expected to increase after the shutdown of a Rheem plant in Georgia.

Rheem is cutting 800 permanent positions and 400 seasonal ones by closing its Milledgeville, Ga., factory for the rest of 2009.

The company has not determined how it will spread the work from the Georgia plant. Some production also will be shifted to a company plant in Nuevo Laredo, Mexico.

via WXVT-TV Delta News – More Local News and Weather WXVT.com | Rheem may add jobs at Fort Smith.

 

 

Dilbert - Feb 20

Dilbert - Feb 20

Mike: I hope you all are having a fine weekend so far. If you have made it to the bottom of this page, you probably found some useful information and you may be ready for a donor pitch 🙂

It’s been about three months since the creation of The Layoff List and while I enjoy bringing you all the latest in layoff news and economic reports, it does take many dedicated hours and some resources to keep this site up and running on a daily basis. As a result, I have ask for your support. On a personal note, I know that money is tight and that the economy is in a difficult period, but if you enjoy reading this blog and want to see The Layoff List continue to give you all the latest unemployment news and layoff announcements, please contribute what you can. Any amount will be greatly appreciated and will help keep this site up and running. Please use the secure PayPal link on the sidebar to make your contribution.

Thanks in advance for your kind support!

Mike (Mike@layofflist.org).

 

Mike: More news as the weekend continues…………

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