Heavy weather has made for a slow start to March retail sales, according to Redbook’s same-store sales tally that shows a 1.4 percent year-on-year decline in the March 7 week. ICSC-Goldman’s tally, released earlier this morning, shows similar weakness at -0.9 percent.
* 157 Merillat Particleboard Plant workers will lose their jobs in September when the Rapid City factory closes via Radio 1380 KOTA News-On-Demand.
- With the downsizing of media outlets – in particular local newspapers – the news that does get through is often light of content and sometimes difficult to locate, even if there is an online component.
- Many smaller layoffs are not publicized because state laws don’t require it, or the company doesn’t want to advertise the fact that they are laying off. So there is little, if any, attention paid to those who lose jobs at these smaller companies and that can be disheartening to those who have lost their positions. In this case, no news is bad news.
- Discovering that others are in similar situations helps those affected by job loss to connect with one another for support.
- The more information you have, the better prepared you are to move forward in the event of a layoff.
So if you have any job loss information that The Layoff List has missed, please post it in the comments section or send me a note at Mike@layofflist.org. The information you pass along could be beneficial to many. Oh, and also pass along any company hiring plans or job openings, since reading about job openings is certainly easier on the eyes than reading about job losses. Thanks………
- Microsoft/Google/IBM and other Rumors/News
- General Economic News
- Municipal News
- US and some Canada Layoff News
- International News
- Hiring News
* A Wall Street analyst on Monday lowered earnings estimates for Apple’s fiscal second quarter and year, marking a second whack from a financial soothsayer in the past few days.
Mike: As I mentioned above with regards to companies not wanting to advertise layoffs, it seems as if IBM may be going that route:
* Some workers claim IBM is making layoffs in small numbers to avoid notification laws *
New layoffs are announced each week as the global economy worsens and companies are cutting back to ensure that they can remain viable. The layoffs and job cuts are becoming common even at some of the largest and most well known companies in the technology industry.
* Looks like the ax is falling at AOL today, according to a report posted this morning by Silicon Alley Insider.
In an internal memo, the company announced in January that it would be laying off workers as a result of the economic recession and a sharp reduction in spending by online marketers. The company’s plan is to shed about 10 percent of its workforce, or 700 workers, by the end of March. Most of the firings taking place today are, reportedly, at AOL’s Dulles campus
* March 10 (Bloomberg) — Hedge funds may cut 20,000 workers worldwide this year, a record 14 percent of the industry’s jobs, as investment losses and client withdrawals erode fees.
The dismissals will come on top of the 10,000 jobs that disappeared last year at the investment partnerships, according to estimates by New York-based Options Group, an executive-search firm. Employment peaked at 155,000 in 2007, and has since dropped to about 145,000, the firm said.
* With the unemployment rate at a 25-year high, employers indicate that hiring isn’t likely to pick up anytime soon, according to a staffing firm survey released Tuesday.
U.S. employers are projecting a slower hiring pace for the second quarter of 2009 compared to the first quarter and year over year, according to the Manpower Employment Outlook Survey, conducted quarterly.
Sixty-seven percent of employers surveyed expect no change in their April to June hiring plans, on par with the last quarter but up from 60% a year ago.
* The City of Eagle Point management met with employees on Mar. 4 to talk to them about reductions under consideration for the 2009-10 budget year, which begins July 1. The anticipated reductions reflect the downturn in the economy and in revenue to the city.
* “In hardships, whether it’s benefit freezes or salary freezes, there are places that are freezing everything,” he said. “Obviously, we are in a financial situation where we’ve got to lay off 30 positions.”
King County school layoffs:
* School districts across Sonoma County are beginning to issue layoff notices at the same time they are poised to increase class sizes, cut funding for sports and trim specialized courses.
But budgeting questions and the amount of money districts will receive from the federal stimulus package leave it unclear just how many jobs will be cut at the end of the school year.
* Sandwich Superintendent Mary Ellen Johnson announced last week that the district will cut one administrator, 18.4 teaching positions, and one educational support staffer.
* MANSFIELD — Mayor Don Culliver confirmed Monday night that four police officers will be laid off as part of a slew of cuts needed to balance the 2009 budget.
* SARASOTA COUNTY – In preparation for a mid-year budget reduction on March 23, Sarasota County announced today plans to eliminate a total of 56 positions; 24 will likely be layoffs.
* March 10 (Bloomberg) — Dow Chemical Co., the largest U.S. chemical maker, will use asset sales, job cuts and new debt to try to maintain investment-grade credit ratings after paying what some investors are calling a “rich” price for Rohm & Haas Co.
Dow plans to raise about $4 billion from selling assets, including at least $1.5 billion from Rohm & Haas’s Morton Salt unit, Dow Chief Executive Officer Andrew Liveris said yesterday. The company will issue $4.3 billion of debt and cut costs by $400 million more than previously estimated, partly by eliminating an additional 3,500 jobs, mostly at Rohm & Haas, Liveris said.
* United Technologies (UTX), which owns Pratt & Whitney jet engines and Sikorsky Aircraft, cut its 2009 profit target by about 13% and said it will eliminate 11,600 jobs as it no longer expects an economic recovery this year.
* March 10 (Bloomberg) — United Technologies Corp. plans to cut 11,600 jobs, part of a $750 million restructuring plan for this year as a global recession and credit crunch hurt the maker of Otis elevators and Carrier air conditioners.
* White & Case, which is responsible for well over half of the cuts, plans to lay off about 200 lawyers and 200 staff, according to an internal memo first reported by Above the Law. The firm also plans to restructure its partnership and has asked some 60 percent of its incoming first-year associate class to defer their start dates until 2010.
* K&L Gates on Monday cut 36 associates and 76 staffers in its U.S. Offices.
The law firm also has initiated the process of cutting six lawyers in its London office, according to a firmwide memo from Chairman Peter J. Kalis.
* Morgan Lewis & Bockius said Monday it has laid off 55 lawyers and 161 support staff across all U.S. offices. The firm said it would not break down the layoffs by city or practice group.
* Akin Gump Strauss Hauer & Feld laid off 47 associates and 57 paralegals and staff on Friday, a source within the firm has confirmed.
* Law firm Bingham McCutchen LLP has cut 16 lawyers and 23 non-legal staff as a result of the economic downturn, the firm said Monday.
* Morgan, Lewis & Bockius announced today that the firm will be laying off 55 lawyers and 161 staff members.
* Pepe & Hazard announced today that 12 employees, including five attorneys, have been laid off. Secretaries and administrative staff also were part of the group that was terminated. Pepe & Hazard, which has 61 lawyers listed on its web site, is based in Hartford and has offices in Boston, Southport and Waterbury. There are 37 lawyers in Hartford.
* Chadbourne & Parke has confirmed that the firm has laid off 25 associates and counsel across its 13 offices worldwide.
* 157 Merillat Particleboard Plant workers will lose their jobs in September when the Rapid City factory closes
* Facing continuing declines in freight volume, Con-way Inc. said Monday it will cut retirement benefits and salaries to save $100 million-130 million this year.
* The court-appointed receiver for Stanford Financial Group has notified the state that it has laid off 174 employees in Florida – 147 of them in Miami-Dade, Broward and Palm Beach counties – and closing its offices statewide.
* 36 people have been laid-off at the LaBounty Manufacturing plant in Two Harbors.
* The company has eliminated thirteen positions at its manufacturing facility in Mount. Prospect, Illinois, and has reduced hours for remaining staff. In addition, Northfield is closing the corporate offices and relocating staff to a company-owned facility in Mount Prospect to further reduce operating costs.
* BRODHEAD — Kuhn North America announced Friday it was laying off 60 workers at its Brodhead facility, effective immediately.
* SACRAMENTO—The Sacramento Bee says it is cutting 128 jobs, or 11 percent of its workforce, as revenue continues to fall in the beleaguered newspaper industry.
* Amid several cost-cutting moves, the foundation reduced its staff of 32 by two people, or about 6 percent. Philip said that in addition the foundation cut all contributions to employees’ retirement, increased the amount employees pay to their health insurance and cut out parking subsidies.
* It’s a precarious time to work in the arts. Madison Ballet recently laid off two of its seven-member staff: the company manager and a development associate.
* Advertising agency Mullen cut about 40 workers, or around eight percent of its staff, late last week, the agency confirmed Monday.
* MOSINEE, Wis. – Some 200 or more jobs could be cut when Cequent Trailer Products closes its central Wisconsin plant later this year….
Mike Szudarek is a spokesman for TriMas Corp. That’s Cequent’s parent company based in Bloomfield Hills, Mich. He says Cequent plans to move its production from Mosinee (moh-zih-NEE’) to other facilities in the autumn.
* 35 people are out of a job as a Kearney manufacturing plant lays off workers. The jobs are being cut at Chief Industries. The company makes steel buildings, grain bins and feed mill equipment among other Ag products.
* According to the employee, this morning about ten of them were let go…and believes more cuts could be on the way. The Desoto Parish Chamber of Commerce says MBI is one of the top employers in the parish…and would be devastating if they cut more jobs.
* The first permanent cuts at Summit Polymers are expected Monday.
* The company offered furlough packages to 45 employees for three months. They will get 75-percent of their pay during that period and full medical coverage.
* Monday, all 70 employees at the Bainbridge facility, received a 60 day warning notice of the closing.
* Fleetwood will close the Edgerton plant once all of its existing orders for travel trailers are filled.
* Spokeswoman Suzanne Steele said Monday that 22 of the extension’s 235 county-based extension-education jobs have been eliminated. The extension employs a total of 822 workers statewide.
* LINCOLN, Neb. – Duncan Aviation says 170 jobs in Lincoln are among the more than 300 jobs Duncan is cutting nationwide.
Duncan said Tuesday that 122 of the cuts are at its facility in Battle Creek, Mich., and a dozen cuts are being made in other company avionics facilities.
* STOKESDALE — Lowe’s Home Centers will close a Guilford County distribution center, a move that will cost 81 employees their jobs.
* Kadant AES, a maker of cleaning products for the paper industry, is closing its manufacturing operation in Queensbury and laying off 32 workers.
* More tough news on the labor front: Stanley LaBounty Manufacturing, which makes hydraulic equipment in Two Harbors, has laid off 36 people — nearly 25 percent of its workforce.
* CLOVIS, N.M. (AP) – Cummins Natural Gas Engine in Clovis has laid off 16 workers – about 30% of its work force.
* Huntsville – The Butterball plant at Huntsville has made its previously announced cut of 150 positions.
* He said the store has around 60 employees and there will be help through the Human Resources department to find them new jobs.
* Delta Air Lines plans to cut more jobs and pull back further on international flights, saying the worsening global economy has particularly weakened its revenues in international markets.
Delta said in a memo to employees Tuesday that its last round of buyouts, which 2,100 employees signed up for earlier this year, fell short of reaching the cuts needed in certain geographic areas and for certain positions. The buyouts included about 1,500 employees from Northwest and 600 from Delta.
The voluntary reductions met Delta’s overall target, but with the shortfalls in certain areas and additional international flight capacity cuts, “we again must reassess our staffing needs,” the memo from Delta chief executive Richard Anderson and president Ed Bastian said.
* The Wichita Eagle reports it will lay off 14 workers as its share of the 1,600 layoffs its parent company is making nationwide.
* Three hospitals in the Cleveland-Akron area on Tuesday announced more than 200 layoffs along with plans to shutter some programs and expand others all in an attempt to adjust to lower patient volumes and tough economic times.
* Kansas City, Mo.-based Interstate Bakeries Corp. said Tuesday that production at the Columbus plant will end by May 9. Spokeswoman Maya Pogoda said 125 workers at the plant will lose their jobs.
* University Hospital and the Drake Center will lay off employees this week as they struggle with a tough economy.
* German auto parts maker Karmann will cut 1,340 jobs because of a lack of clients amid a global slump in demand for cars caused by the economic crisis, the IG Metall trade union said on Monday.
* The story of gloom and doom just doesn’t seem to end. IT major Tata Consultancy Services [Get Quote] is all set to cut about 1,300 jobs over the next few months, according to an Economic Times report.
* March 10 (Reuters) – Design and engineering consultancy Scott Wilson Group Plc (SWG.L) said it planned to cut 10 percent of its global workforce and freeze salaries of the remaining UK staff to preserve cash amid recession.
* March 10 (Bloomberg) — Total SA, Europe’s third-largest oil company, plans to cut at least 500 jobs at its French refining and petrochemical operations to counter falling demand for gasoline exports, according to labor unions.
* Venuefinder Inntel has made 13 of its 100 staff redundant.
* Former Fairfax Media darling, online advertising technology developer Mooter Media, has gone into ‘stealth mode’ after reducing its staff to zero and going back to the drawing board on its overall strategy.
* All product and samples being processed in the United States would be transferred to the UK in a managed transition, Hardide said.
Hardide has seven employees in the United States and 26 in the UK.
* March 10 (Bloomberg) — Australian advertisements for job vacancies fell in February by a record amount, adding to signs the unemployment rate will rise as the economy shrinks.
* Environment Ministry restructuring will cost about 20 jobs, Prime Minister John Key said today.
* Italy’s biggest cement maker, Italcementi SpA, (ITAI.MI) will cut investment by 20 percent in 2009 and jobs by 6.5 percent as it prepares to face difficult market conditions, company executives said on Monday.
* VP Bank, which issued a downbeat outlook, said it will cut roughly 50 jobs in a bid to reduce budgets by 10% in 2009 to counter the slump.
* The union Unite said 62 workers at Tyrone Brick were to be made redundant.
* Toyota, the world’s biggest carmaker, is finalising plans for fresh cutbacks in its UK factories.
The BBC understands options being discussed include further shutdowns at its plants in Derby and Deeside, north Wales, and cuts in the working week.
* BHP Billiton has refused to rule out further job cuts after yesterday sacking 85 workers at its Olympic Dam operation in South Australia.
* The Dublin Meath Growers has laid off over 65 of its 75 staff since losing its contract with supermarket giants Tesco, last week, the Fingal Independent has learned.
* Of the 4 800 employees, not more than 900 would be considered for retrenchment at this stage and the consultation process under way with unions would seek to reduce that number still further, Samancor Chrome human resources head Deidre Bredell told Mining Weekly Online.
* Fuel cell developer Medis Technologies has become the latest cleantech company to lay off workers in these tough economic times, saying today that it’s cutting 50 employees at its Israeli office. That’s about 30 percent of the New York-based company’s workforce.
* Affiliated Computer Services Inc. (ACS) is in the process of ramping up its employment in San Antonio with plans to hire 500 people to support a new contract.
* AT&T said it was adding 2,000 new jobs in its wireless, video and broadband business segments, and taking on another 1,000 workers full-time in the United States for jobs that were previously handled by outside overseas contractors.
Mike: Good evening to all and till tomorrow………….
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