February 3 – 5800 less at PNC Financial Services – Beechcraft to cut another 2300 – More job cuts at CAT – Qimonda releases 1500 – EA layoffs at 1100 – Liz Claiborne sheds 725 – Honda exits 700 – Rockwell Collins dumps 600 – Kyocera cuts off 360 – Bashas’ cuts 350 – U of AZ dismisses 600 – SAS leaves 3000 behind

Mike: Good day to all. I hope that Tuesday brings a quiet layoff announcement day similar to that of Monday

 

Mike: If any of you have suggestions on how this site can better serve your layoff news needs, please send it along to me at layofflist@gmail.com, or leave your thoughts in the comments section. Do you want more of US layoff news and less economic reports, or more international news and less ranting? After all, this is your site and I’m here to make sure it meets your needs. Thanks………

 

Let’s start the day on  a lighter note……….

 

Going for the gold!

Going for the gold!

 

Today’s rant:

Mike: It will take more than a few foreign workers removing American workers from their jobs to get Americans onto the streets in protest, but eventually even the less aggresive American worker will say enough is enough and demand accountability from both government and corporate kings and queens. Europe and many other nations have a history of work related protest, while the American worker, especially after the demise of unions, has little organization or the wherewithal to protest in mass for their employment rights.

It needs to be noted that most companies are not benevolent entities that are in search of higher human standards, they are entities that demand profit, regardless of how that profit is achieved. I posted an article yesterday (The Layoff List – February 2), which detailed how US banks are attempting to hire foreign labor because it’s less expensive than American labor while these same corrupt banks take billions of US taxpayer bailout money. And the IBM story is similar:

– .An internal IBM document shows that the former PC maker wants to export its redundant American staff to India

The outfit thinks that it can send its expensive US workers to India where they will make loads less cash. Apparently the selling point is that there is no shortage of exotic food, and the cost of living is rock bottom.

via Fudzilla – IBM exports Americans to India.

 

Mike: Unless Americans stand up to these corrupt corporations and their lacky government representatives (US Congress), America as a country and the American worker stand little chance of improving it’s financial condition. I urge you to again: Contact your representative at Congress.org

 

* Workers protest the hiring of foreign laborers while British unemployment grows by the day. Such industrial unrest is sweeping Europe.

By Henry Chu

February 3, 2009

Reporting from London — Hundreds of British workers walked off the job Monday, part of a rising tide of industrial unrest sweeping Europe as the continent’s economic downturn worsens.

Employees at two nuclear power plants in northern England staged wildcat strikes in support of workers at an oil refinery who have been out in protest since the end of last week. The job action has tapped into a deep well of economic unease in this country as the British continue to grapple with failing banks, a moribund property market, a currency in free fall and a continuing series of layoffs and bankruptcies.

via British workers strike as economic unease spreads – Los Angeles Times.

 

                     

Microsoft/Google/IBM and other Rumors & News

 

ibm* THE LAST THING that would pop into our heads after being laid off from work with no money and a worrying time ahead is, “let’s move to India” – if only IBM felt the same way.

Since the beginning of this year IBM has laid off around 4,000 US workers, and boy has the company got a treat in store for them – a move half way around the world.

Of course IBM weighed up the pros and cons, and came to the conclusion that because India is a hot country with cheap living costs and a diverse variety of food it wouldn’t matter so much that you get paid diddly squat.

via IBM offers workers a permanent holiday – The Inquirer .

 

ibm1As IBM continues to quietly lay off workers – more than 4,800 –– the company takes yet another blow to its image as documents leak about an effort known as Project Match. The effort helps IBM’s US and Canadian employees find jobs in countries IBM is expanding in such as India and China while the company eliminates positions in the US. Meanwhile, Robert E. Kennedy, a professor at the University of Michigan’s Ross School of Business, says global sourcing and offshoring is a reality companies like IBM and its employees must come to accept. Also, as high-tech layoffs continue, what impact will there be on H1-B workers?

 

msft* Layoff announcements by IT vendors came fast and furious over the past two weeks. But it was Microsoft Corp.‘s that drew the attention of a U.S. senator, who said it was “imperative” that the company give job priority to U.S. citizens over foreigners with H-1B visas.

 

General Economic News

Mike: Today’s economic reports include the following reports listed at Bloomberg.com: Economic Calendar.

* DETROIT (AP) — General Motors’ U.S. vehicle sales plunged 49 percent in January while Ford’s sales dropped 40 percent, starting 2009 at an abysmal pace for the auto whole industry as lower sales to fleet buyers like rental car companies weighed down the U.S. automakers’ results.

Japanese rival Toyota’s sales dropped 32 percent for the month, and Honda’s sales fell 28 percent. Subaru bucked the trend of declines for a second month in a row, posting an 8 percent sales increase, but the industry overall was on track for its fourth straight month in which U.S. sales plunged 30 percent or more.

via GM US sales fall 49 pct; Ford, Toyota, Honda down – Yahoo! Finance.

* Highlights
Data were mixed for ICSC-Goldman’s tally for the Jan. 31 week, showing a clearance-driven 1.6 percent gain from the prior week but the lowest year-on-year reading yet at -2.5 percent.
Redbook
[Bullet
8:55 AM ET
* Highlights
Indications for January’s retail sales point to accelerating decline. Year-on-year same-store sales rates for both Redbook and ICSC-Goldman are at new lows, at -2.7 percent for Redbook in the Jan. 31 week and -2.5 percent, as reported earlier this morning, for ICSC-Goldman.

[Report][djStar]
10:00 AM ET
* Feb. 3 (Bloomberg) — More Americans signed contracts to buy previously owned homes in December for the first time in four months, signaling slumping prices may be boosting demand.

The index of pending home resales climbed 6.3 percent to 87.7, the first increase since August, from a revised 82.5 in November, the National Association of Realtors said in a report today in Washington. Pending sales rose in two of four regions.

via Bloomberg.com: Worldwide.

 

*”It’s a wonderful quarter, notwithstanding the fact that we need to do better,” said Donald Tomnitz, the company’s president and chief executive officer.

The Fort Worth, Texas-based builder saw its revenue fall by almost half to $900.3 million. The company sold 4,068 homes in the first quarter, compared with 6,549 in the period a year ago.

via D.R. Horton’s fiscal 1Q loss narrows – Forbes.com.

 

 

Dilbert - Feb 2

Dilbert - Feb 2

 

Mike: No shame in the world of banking.………

* WASHINGTON (AP) — Wells Fargo & Co., which received $25 billion in taxpayer bailout money, is planning a series of corporate junkets to Las Vegas casinos this month.

Wells Fargo, once among the nation’s top writers of subprime mortgages, has booked 12 nights at the Wynn Las Vegas and its sister hotel, the Encore Las Vegas beginning Friday, said Wynn spokeswoman Michelle Loosbrock. The hotels will host the annual conference for company’s top mortgage officers.

via Bailed-out Wells Fargo plans Vegas casino junkets – Yahoo! Finance.

 

Municipal News

 

* More than two dozen Northumberland County ounty workers will be laid off this week as county officials try to cover a multi-million dollar budget shortfall.

via Northumberland County Cuts Jobs.

 

* RIVERSIDE – Job cuts will be necessary in Riverside County government over the next fiscal year to save money amid economic uncertainty, according to an Executive Office report scheduled to be presented to the Board of Supervisors today.

In its 2008-2009 midyear budget report, the Executive Office says 50 workers will be laid off from various county departments by June, and another 150-200 positions likely will be eliminated in the 2009-2010 fiscal year to prevent budget overruns.

via KESQ.com Palm Springs, Coachella Valley – Weather, News, Sports: Riverside County to Cut up to 200 Jobs.

 

* Facing a $90 million budget shortfall and the prospect of running out of available cash as soon as April, Riverside County Supervisors on Tuesday endorsed a plan including 10-percent, across-the-board budget cuts to all county departments, including public safety and social services.

 

US and some Canada News

 

pnc* PNC Financial Services Group Inc (PNC.N: Quote, Profile, Research) said it plans to cut 5,800 jobs following its recent purchase of troubled lender National City Corp, and posted a fourth-quarter loss tied to the transaction.

The job cuts cover about 9.7 percent of the combined banks’ 59,595-person workforce. PNC expects to complete the cuts by 2011 to help save $1.2 billion annually.

via UPDATE 1-PNC to cut 5,800 jobs, reports quarterly net loss | Markets | US Markets | Reuters .

 

Bashas’ Family of Stores laid off 350 workers late last week, nearly 3 percent of its payroll, the Chandler-based grocer confirmed Monday.

The company has a workforce of about 13,000. Employees were not given severance packages.

via Bashas’ lays off 350 workers.

 

* MOBILE, Ala. — McPhillips Manufacturing Co. Inc., a 90-year-old custom doormaker located near the McDuffie Island Coal Terminal, will close its doors later this year, the latest local casualty of the housing crunch.

The company announced 50 layoffs last week, said Chairman J. Manning McPhillips, cutting its workforce to 25. The company is finishing the rest of its orders and selling off its inventory, winding down its business within five months, in part because it doesn’t foresee a quick recovery in construction of the expensive homes for which its doors are used.

via Mobile millwork firm McPhillips Manufacturing Co. to close because of housing crunch – Breaking News from the Press-Register – al.com.

 

* EL PASO, Texas — Bronco Communications laid off 80 call center employees at their office in East El Paso over the weekend, said Lauren Macias-Cervantes of Workforce Solutions Upper Rio Grande. Seventy of the positions were part-time.

via KVIA.com El Paso, Las Cruces – Weather, News, Sports – 80 workers laid off at Bronco Communications call center.

 

Mike: A little bit of good news:

Henniges Automotive is calling back employees, although the number of people working there is nowhere near staffing levels of last year.

A week ago, the Welland plant called back 50 of its laid-off workers. Thirty more were recalled Monday.

About 30 more employees are expected to be called back in the next two weeks, bringing the total working at the plant to about 260.

via Henniges recalls laid-off workers – Welland Tribune – Ontario, CA .

 

Pierce Atwood, the largest law firm in the state, laid off 21 employees last week, including seven attorneys and 14 staff members, Gloria Pinza, the law firm’s managing partner, told Mainebiz this morning.

via Mainebiz.

 

norfolksouthA drop in rail traffic has led Norfolk Southern Corp. to lay off 150 railroad workers in Ohio, including a reduction in shifts at the Buckeye Yard on the West Side.

via The Columbus Dispatch : Norfolk Southern layoffs so far total 150 in Ohio.

 

* Feb 2 (Reuters) – Christopher & Banks Corp (CBK.N), a retailer of women’s clothing, said its Christopher & Banks Inc unit cut 30 field management positions as part of a reorganization plan.

 

keystoneGoshen-based Keystone RV Co. plans to consolidate manufacturing facilities and lay off 350 workers.

via Keystone to cut 350 jobs, close Howe plant.

 

kyocera* Kyocera International announced late last week that it was reorganizing its business by combining its Kyocera Wireless unit with its Sanyo Telecom unit, and said that it would cut 360 jobs as a result of the moves. The job losses are the latest to affect the wireless industry, where handset makers and chip vendors have been hit by slumping demand. 

 

u-az*The University of Arizona will eliminate some 600 jobs as part of about $57 million in budget cuts through June.

In all, $141.5 million is being cut from the state’s university system under legislation Gov. Jan Brewer has signed because of the statewide budget shortfall.

via University of Arizona imposes job cuts, reductions.

 

* One of California’s most popular wineries is the latest to lay off workers. Jackson Family Wines, the purveyors of the popular Kendall-Jackson wines, has laid off workers in response to the recession. The Santa Rosa Press Democrat reports that around 170 people in all areas of the winery operations lost their jobs last week

via Job Cuts At Kendall Jackson – Luxist.

 

midwest-air* Midwest Airlines announced Monday that it will cut 59 managerial and support staff positions as part of an ongoing restructuring plan.

via Midwest Cutting 59 Jobs | Today’s TMJ4 – Milwaukee, Wisconsin News, Weather, Sports, WTMJ | Local News .

 

chief* KEARNEY, Neb. (AP) – Chief Industries has laid off 34 workers at its Kearney plant.

via KPTM FOX 42: Omaha News, Sports and Weather; Nebraska News, Sports; kptm.com | 34 laid off at Chief Industries in Kearney, Neb..

 

bh1* CLAREMORE — About 65 employees were laid off at the Baker Hughes/Centrilift plant in Claremore and a number of other employees were laid off at other locations throughout the state, said Gary Flaharty, director of investor relations for the company.

via Claremore manufacturing plant lays off 65 as part of global effort | NewsOK.com.

 

* NEILLSVILLE — Cummins Inc. laid off about 10 percent of the workforce at its Neillsville plant Friday because of a decreasing demand for automotive products, a company spokesperson said.

via Neillsville Cummins plant lays off 30 people | wausaudailyherald.com | Wausau Daily Herald.

 

* Fidelity Investments is expected to initiate a round of previously disclosed layoffs this week, according to industry executives who have been informed by company insiders, and the job cuts will likely include personnel from the company’s FMR Co. investment unit.

via Fidelity layoffs slated to start – The Boston Globe.

 

beech* Increased challenges and further erosion of the aviation industry have forced Hawker Beechcraft Corp. to eliminate an additional 2,300 positions, Chairman and CEO Jim Schuster announced Tuesday in a letter to employees.

 

cat* In addition to the production employees, a total of 416 support and management employees in Aurora, Decatur and East Peoria have also been notified of layoffs today. This includes 96 support and management staff in Aurora, 146 in Decatur and 174 in East Peoria. These 416 support and management staff make up a portion of the as many as 5,000 layoffs and separations announced by Caterpillar on January 26, 2009. Other Caterpillar business units are currently determining the level of layoffs and separations needed to reach the previously announced plan to reduce the company’s support and management workforce.

via Caterpillar Announces Additional Layoffs for Employees at Three Illinois Facilities.

 

* LAND O’ LAKES, Wis. – The Conserve School in Land O’ Lakes has notified the state of a mass layoff of 32 employees starting March 31.

via Private northwoods school to cut jobs — chicagotribune.com.

 

* Irving-based Michaels Stores will cut 95 headquarters jobs in the next 90 to 120 days.

via Michaels Stores to cut 95 jobs at Irving headquarters | Business | Star-Telegram.com.

 

liz* Fashion company Liz Claiborne Inc (LIZ.N) said on Tuesday that it planned to cut 725 jobs, or 8 percent of its U.S. workforce, as it aims to reduce costs in a difficult retail market.

via Liz Claiborne to cut 725 jobs | Special Coverage | Reuters .

 

* LandAmerica Financial Group Inc., a bankrupt Henrico County-based company with Richmond roots dating to 1925, is closing down.

LandAmerica filed notice with the state that all headquarters jobs would be phased out by Dec. 31.

via LandAmerica to cut 291 more jobs | Richmond Times-Dispatch.

 

* Northern California Public Broadcasting, the parent company of KQED television and radio and San Jose’s KTEH, announced Monday that it will cut its budget for the coming fiscal year by 13 percent and eliminate about 44 positions.

via KQED and KTEH slash budgets – San Jose Mercury News.

 

Chipmaker Maxim Integrated Products Inc. has announced the closing of a factory in Dallas, which will result in 172 job cuts.

Sunnyvale-based Maxim Integrated/Dallas Semiconductor notified the Texas Workforce Commission that the company has initiated a plant closing at its Dallas facility at 4401 S. Beltwood Pkwy. in Dallas.

via Maxim Integrated announces Dallas closing – Silicon Valley / San Jose Business Journal: .

 

Huntington Bancshares (HBAN) Cutting 500 Jobs; Suspends 401(k) Match, Bonuses

via StreetInsider.com – Huntington Bancshares (HBAN) Cutting 500 Jobs; Suspends 401(k) Match, Bonuses.

 

* JASPER, Tenn. — About 15 of the 350 people working at Grandview Medical Center in Marion County will lose their jobs, according to hospital officials.

via Chattanooga Times Free Press | Grandview Medical Center announces layoffs; CEO is leaving.

 

Network World Inc. and CXO Media Inc. today laid off an unspecified number of editorial, sales and design employees at the publications’ Framingham headquarters, said a spokesman for parent company IDG Communications.

via Network World, CXO Media announce layoffs – Massachusetts Biotech and Technology News and New England Local Business News.

 

rockwell-collins* CEDAR RAPIDS, Iowa (AP) — Rockwell Collins Inc., a defense contractor and manufacturer of parts for private jets and commercial airlines, is cutting 600 jobs and freezing salaries for all executives and managers at 2008 levels.

via The Associated Press: Rockwell Collins cuts 600 jobs.

 

* The Meridian Resource Corp. is planning some cost-cutting measures — including a reduction in its work force — in an effort to shave about $15 million from its operating budget.

via Meridian to cut jobs – Houston Business Journal: .

 

 

gm1* NEW YORK (CNNMoney.com) — General Motors is offering buyouts to virtually all of its remaining hourly workers, becoming the latest automaker to try to cut labor costs by giving nervous workers an incentive to leave the company.

The move follows a similar move by Chrysler LLC, which made an offer to its hourly workers on Monday.

via GM, Chrysler offers buyouts to all of its hourly workers – Feb. 3, 2009 .

 

April 4 is the approximate last day of work for 77 local employees of Harley-Davidson Transportation Co., according to a notice released today from the Pennsylvania Department of Labor and Industry.

via Harley drivers to lose jobs in April – The York Daily Record.

 

georgiapower* Georgia Power’s voluntary job attrition plan has attracted about 700 employees.

The unit of Southern Co. (NYSE: SO) put the offer out in January to all regular, full-time and part-time company employees who have been with the company for 10 years or longer. The company hoped to cut 300 to 400 jobs through the plan, which will give one year’s straight time pay. The company has a total of about 9,000 employees.

via About 700 go for Ga. Power attrition plan – Atlanta Business Chronicle: .

 

Eighty-two employees are off the payroll at Montana Tunnels Mine in Jefferson City at the end of the day on Tuesday, leaving the mine with a staff of around 104 as the ownership group seeks investors to help finance expansion of the 23-year-old open pit.

via helenair.com.

 

* KANSAS CITY, Mo. (AP) — MGP Ingredients Inc. said Tuesday it plans to leave the ethanol business and will temporarily shut down distillery operations in Illinois, requiring the temporary layoffs of 79 workers.

via The Associated Press: MGP Ingredients to end ethanol production.

 

* ERWIN, Tenn. – An electric motor plant in northeast Tennessee has laid off about 45 people.

Morrill Motors makes motors for commercial ice machines, supermarket display cases, beverage dispensers, heaters and water coolers.

via East Tenn. motor plant lays off 45 : Business : Knoxville News Sentinel.

 

* Citing “current economic and industry conditions,” San Diego-based Hollis-Eden Pharmaceuticals is bidding farewell to 20 employees (33 percent of its staff), freezing salaries and suspending bonuses for all employees, including officers.

via Hollis-Eden reduces workforce by 33% – FierceBiotech.

 

* Following a recent federal court decision invalidating key patents on the muscle relaxant Skelaxin, King Pharmaceuticals today announced deep cuts in its corporate and sales staff. Altogether King says it is cutting 760 jobs, including 240 corporate positions associated with its acquisition of Alpharma. Another 380 sales jobs and 140 corporate jobs are also being axed by the Bristol, TN-based pharma company.

via King axes 760 jobs after it loses patent fight – FierceBiotech.

 

* Rigel Pharmaceuticals Inc. said Tuesday it cut 20 percent of its staff in a cost-cutting move and will delay partnership discussions for its rheumatoid arthritis drug as it awaits study results.

via Rigel cuts staff, delays partnership talks – Forbes.com.

 

* Borders Group Inc. eliminated the jobs of six of its vice presidents and 10 department directors on Tuesday, as part of its effort to cut costs.

via Borders cuts 16 executive jobs, mostly in Ann Arbor – Ann Arbor Business – MLive.com.

 

More than 20 newsroom employees at The Chronicle Herald were receiving redundancy notices today as the newspaper took steps to deal with the global economic recession.

via Herald layoffs – Nova Scotia News – TheChronicleHerald.ca.

 

Hodgson Russ asked five lawyers and eight staff members in its Buffalo, N.Y., headquarters to leave last week, and also made additional layoffs in other offices.

via Biggest Buffalo, NY, Law Firm Lays Off At Least 5 Lawyers and 8 Staff | ABA Journal – Law News Now.

 

* Switzerland-based semiconductor maker STMicroelectronics is laying off about 200 workers at its Phoenix manufacturing plant as part of a planned closure of the facility.

STMicro gave affected workers 60 days’ notice on Monday that their positions were being eliminated, spokesman Michael Markowitz said.

via Another wave of STMicro workers laid off.

 

* Financial services company Harland Clarke, best known for its check-printing business, plans to close a South DeKalb County call center, eliminating 220 jobs.

via 220 to lose jobs as DeKalb call center closes | ajc.com.

 

* Sibling publication The National Law Journal reports that McDermott Will & Emery will lay of nearly 150 employees, citing a decrease in work from clients and its resulting impact on the firm.

The move comes a week after The Am Law Daily reported a slight dip in gross revenue at McDermott coupled with flat profits per equity partner.

via McDermott Terminates 60 Attorneys, 89 Staffers.

 

The Coleman Co. announced today that it is cutting 20 nonmanufacturing jobs in the Wichita area because of the r

via Coleman to cut 20 jobs in Wichita area | Business Updates | Kansas.com.

 

honda* LINCOLN — The company that provides temporary workers to Honda’s Alabama plant says that 706 of the part-time employees are to be laid off, starting March 27.

via Honda plant to lay off 706 | montgomeryadvertiser.com | Montgomery Advertiser.

 

* COVINGTON – Fidelity Investments today laid off more than 300 of its local workforce here, according to a top regional economic development official, further reducing the headcount of one of Northern Kentucky’s largest employers.

via Fidelity cuts 300 jobs in Covington | Cincinnati Enquirer | Cincinnati.Com.

 

* Pier 1 Imports Inc. is taking stricter measures to stay in business by cutting costs in a variety of ways, including renegotiating leases for stores, possibly laying off 10 percent of its full-time positions and potentially closing up to 125 underperforming stores.

via Pier 1 plans further layoffs, store closures; shares hit all-time low – Fort Worth Business Press.

 

S. Abraham & Sons Inc. will close its Milwaukee food warehouse, leaving 67 employees without jobs. Layoffs at the warehouse, 7500 N. 81st St., will begin April 10, according to a notice filed Feb. 2 with the Wisconsin Department of Workforce Development.

via Warehouse, school to close; nearly 100 jobs to be lost – The Business Journal of Milwaukee: .

 

ea* Electronic Arts on Tuesday said it would be laying off about 1,100 employees, or about 11 percent of its workforce, in order to cut costs.

The news came as part of EA’s third-quarter earnings announcement, and could be the final word on a set of staff reductions it has been talking about since October. Then, EA said it would be letting go about 6 percent, and that number jumped to 10 percent, or about 1,000 people, in December.

via EA cutting 1,100 jobs | Geek Gestalt – CNET News.

 

* Feb 3 (Reuters) – Navigation systems maker (TRMB.O) posted quarterly profit that beat market estimates by a penny, but forecast weak first-quarter results and said it would cut 10 percent of its workforce.

via UPDATE 1-Trimble Q4 profit beats estimates; to cut jobs | Reuters .

 

xerium* Xerium Technologies, a manufacturer of equipment used in paper production, said today it plans to cut 230 jobs company-wide by the end of March.

The layoffs announced by the Youngsville company, which come on top of the elimination of nearly 100 jobs last year, are part of a cost-cutting effort designed to boost cash flow and reduce debt despite the recession. Xerium employs about 3,700 people worldwide, including about 60 in Youngsville.

via Xerium will cut 230 jobs – Business – News & Observer.

 

qimonda* Qimonda (QMNDQ.PK) will shut its only U.S. plant with the loss of around 1,500 jobs, the insolvent German memory chip maker said on Tuesday, adding it faced liquidation if it cannot find investors with deep pockets.

via UPDATE 1-Qimonda to shut U.S. plant, 1,500 jobs go | Industries | Consumer Goods & Retail | Reuters .

 

* WMFE announced it will cut 15 jobs and cancel WMFE-TV’s The Art’s Connection to make up for a loss in revenue.

 

 

International News

 

 

sas* STOCKHOLM (AP) — Scandinavian airline group SAS AB on Tuesday announced a massive overhaul of the company — a 40 percent cut in staff, divestments and a plan to raise 6 billion kronor ($720 million) from shareholders — after losses widened to 2.8 billion kronor in the fourth quarter.

 

The struggling company said it would reduce its staff from 23,000 to 14,000, mostly by selling subsidiary airlines but also by laying off 3,000 SAS employees.

via SAS announces massive overhaul after 4Q loss: Financial News – Yahoo! Finance.

 

* BEIJING (AP) — The global economic crisis has taken hold deep in China’s impoverished countryside, as millions of rural migrants are laid off from factory jobs and left to scratch a living from tiny landholdings — creating unsettling prospects for a government anxious to avoid social unrest.

With demand for Chinese toy, shoe and electronics exports evaporating overseas, as many as 26 million of China’s estimated 130 million migrant workers are now unemployed, the government announced Monday. A day earlier, Beijing warned of “possibly the toughest year” this decade and called for development of rural areas to offset the economic fallout.

“The government should not sit idly and disappoint the farmers,” said Liu Shanying, a political scientist at the Chinese Academy of Social Sciences.

via The Associated Press: China: Up to 26 million rural migrants now jobless.

 

outokumpu* Finnish metals group Outokumpu Oyj said Tuesday it will continue production cuts and layoffs to adapt to a weaker market for stainless steel.

The world’s second-largest stainless steel maker said the measures mean some 2,000 temporary layoffs worldwide and a reduction of 250 jobs. In December, the company had announced 450 job cuts in Sweden.

via Outokumpu to continue production cuts, layoffs – International Herald Tribune.

 

* GENEVA: Investment firm Capital Group said Tuesday it is cutting 170 jobs in Europe, mostly in Switzerland, as it moves its IT operations to the United States.

via US firm Capital Group cuts 170 jobs in Europe – International Herald Tribune.

 

* British waste company Shanks Group (SKS.L) reported tough trading in Britain due to lower prices for recyclable materials and falling volumes, and said it would cut 55 jobs, sending its shares skidding to a six-year low.

via UPDATE 2-Shanks says UK trading tough, to cut 55 jobs | Industries | Industrials, Materials & Utilities | Reuters .

 

600 Group To Cut 110 Jobs In Restructuring And Expects Operating Loss

via Leading source of Financial News, Investor Forums, CEO Interviews, Financial Columnists, Stock Information – 600 Group to cut 110 jobs in restructuring and expects operating loss – 600 Group.

 

mitsubishi* TOKYO (AFP) — Japan’s Mitsubishi Motors plans to cut 300 US jobs as it braces to slip into the red in the current financial year due to weak sales and a strong yen, a report said Tuesday.

via AFP: Mitsubishi Motors to slip into red, cut jobs: report.

 

STOCKLAND has handed out redundancy slips to 150 staff in Australia and Britain, stoking fears the property group could soon issue its second profit downgrade this financial year.

via Stockland slashes 150 jobs.

 

dyson* Talks aimed at saving almost 100 skilled jobs at a Glasgow factory which makes parts for Dyson cleaners have collapsed, a union has announced.

via The Press Association: Dyson jobs cut as rescue plan fails.

 

scaniaSwedish truck maker Scania is to cut 2,000 jobs after quarterly profits fell by close to half.

via BBC NEWS | Business | Scania cuts jobs as profit slumps.

 

* BRATISLAVA, Slovakia (AFP)–U.S. electronics maker Molex Inc. (MOLX) said Tuesday it would close its car parts factory in Slovakia within a year and cut about 1,000 jobs because of low demand caused by the global crisis.

 

 

Hiring  and other good news –

 

* Another community college, this one in Westmoreland County, aims to give workers who lost jobs in the recession a chance to retrain themselves, free of tuition.

The program announced yesterday by Westmoreland County Community College waives tuition and fees for residents of that county and Fayette County who have been idled by layoffs or by plant closings since Jan. 1, 2008.

via Westmoreland County Community College waives tuition for laid-off workers.

 

* MIDDLETOWN, Ohio — Cincinnati-based AK Steel Holding Corp. is recalling more than 500 hourly workers who had been laid off at its plant in Ashland, Ky.

The company is restarting its blast furnace at Ashland Works while it idles the Middletown furnace for maintenance. AK Steel has planned to begin 45 days of the work in early March.

via Ohio-based AK Steel recalls laid-off workers – Business – cleveland.com.

 

Mike: If any of you have suggestions on how this site can better serve your layoff news needs, please send it along to me at layofflist@gmail.com, or leave your thoughts in the comments section. Do you want more of US layoff news and less economic reports, or more international news and less ranting? After all, this is your site and I’m here to make sure it meets your needs. Thanks……..

More news as the day unwinds……………..

 

 

Ed Stein - Feb 3

Ed Stein - Feb 3

 

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