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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1 Response to “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”


  1. 1 Maria February 27, 2009 at 4:35 pm

    Very good blog! To me very pleased!


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February 2009
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