- Microsoft/Google/IBM and other Rumors/NewsGeneral Economic News
– With the recession forcing corporations and institutions to cancel projects, technology suppliers are eyeing the economic-stimulus package as an elixir to keep revenue flowing. It earmarks more than $100 billion that could be spent on information technology, according to research company IDC.
Mike: MBA Purchase Application increases were getting large headlines over the last month or so, but today barely a whimper. Not sure why, but maybe it’s because the applications are mostly for refinancing and not new homes.
MBA Purchase Applications
7:00 AM ET
Mortgage applications filed last week rose a seasonally adjusted 4.7%, increasing even as interest rates charged on home loans experienced an upturn from the week before, the Mortgage Bankers Association said Wednesday.
– A radically updated Pentagon spending plan announced Monday would cut off new orders of the F-22 Raptor fighter jet this year, jeopardizing thousands of Connecticut jobs that depend on the program.
Mike: Below is another one of those master strokes of genius from government decision makers. It struck me as being comparable to laying off firemen when arson is increasing or dumping police officers as crime spikes. Oh, wait, they are doing that………….
– LANCASTER, Ohio — More newly jobless people are seeking help from the Fairfield County Job and Family Services office, but there will be fewer workers to respond and longer waits.
The agency is laying off 42 workers and leaving 10 more jobs vacant. The cuts eliminate about 20 percent of the staff.
– Looking to plug a $44 million shortfall in its nearly $1 billion proposed budget, the Newark school district will close two middle schools and eliminate more than 50 central office jobs.
-Bishop says a total of 58 people will be let go. Of those, 22 are what are called professional positions, including the 15 teaching positions. The remaining 36 are classified and administrative positions. Bishop says she can’t tell us the specific positions because it would identify those employees.
– The plan? Close Port St. Lucie Elementary, and Southbend K-thru-8. Relocate 1,100 students. Lay off 331 teachers and staff.
Mandate an across the board 1% pay cut for all staff. The superintendant says plummeting sales tax revenues from the State is forcing the cuts.
– More than 120 teachers and staff will be notified that they won’t return next year after the Deer Valley Unified School District governing board approved layoffs Tuesday night
– Sixteen Nampa city employees lost their jobs Tuesday after city leaders determined a significant workforce cut was the most responsible way to address declining revenues.
– The city will cut one full-time dock attendant, which is the second staff cut since last summer. Overtime pay, which amounted to $6,000 last year, has been eliminated
– The city’s daunting budget crunch is having a local impact – three aides have been laid off from Los Angeles City Councilwoman Janice Hahn’s staff.
– – Just months after he ordered cuts to more than 9,000 jobs, Mayor Michael Bloomberg has asked city agencies to slash 7,000 more.
– The Scottsdale school board laid off almost 250 teachers, administrators and staff during an emotional board meeting Tuesday that brought some administrators and board members to tears.
– GILBERT — More than 400 Gilbert teachers will be out of a job come May.
– Crane Elementary School District has mailed out reduction in force (RIF) letters to 14 probationary teachers notifying them the district will not renew their contracts for next year, according to an official.
– Hit by the housing crisis and economic downturn, Portland-based Hampton Affiliates will lay off about 275 employees at its Oregon and Washington sawmills — including 85 in Tillamook — as a result of a reduction in operating hours.
– Citing a downturn in the lumber market, officials at the Portland, Ore.-based Hampton Affiliates announced this week that they plan to cut production and lay off 43 percent of the sawmill and planer mill employees at the Darrington operation.
– Philips Electronics North America has told state regulators that it plans to relocate its manufacturing and customer service operations at its Invivo Corp. business in Pewaukee, resulting in the permanent termination of 50 employees beginning in June.
– The plant will continue operating until June 30 “as we work with the 59 local team members to assist them with the transition,” the company said in a news release.
– About 100 sales support positions in stores across the country are being eliminated, and 31 jobs have been cut in a reorganization of marketing, public relations, advertising, creative services and production.
– Officials at Dean Health System (DHS) announced today approximately 90 positions currently held by staff within the organization will be eliminated. This represents less than 2% of the total staff. The affected positions are in both patient care and non-patient care areas.
– Facing a budget shortfall of $60 million this year, Nemours officials will eliminate about 325 positions at its clinics and offices in Orlando, Jacksonville and Pensacola, as well as a hospital in Wilmington, Del., and clinics in New Jersey and Pennsylvania. The foundation currently employs about 4,400 people.
– Farm machinery maker Deere & Co on Wednesday said it plan to cut 160 workers at its Des Moines, Iowa facility, effective April 27.
– Procter & Gamble Co. says it is cutting about 90 jobs at a plant in the central Puerto Rican town of Cayey that makes Olay skin care products and Vicks cold medicine.
– BEAVER, W.Va. (WSAZ) — A contract manufacturing plant that employs about 40 people in Raleigh County is closing down at the end of the month.
– EAST FLAT ROCK — General Electric Lighting Systems is laying off 10 people in its business office, plant officials said Tuesday.
– Kaiser Permanente Northern California has laid off 70 nonclinical staff across the region in response to declining enrollment, officials confirmed.
– Aurora-based Wagner Equipment Co., a dealer of Caterpillar heavy equipment, said Tuesday it would cut just under 10 percent of its workforce. “Despite our vigorous effort to avoid a staff reduction, due to current economic conditions we regretfully have to reduce our employment by approximately 140 people,” the company said in a statement.
– Uncertain economic times have resulted in staff reductions at the Las Vegas Chamber of Commerce. Chamber officials said yesterday that nearly a fifth of its 58 employees are out of jobs due to a falling membership roster, event participation and sponsorship brought on by the failing economy.
– New Philanthropy Capital (NPC) has cut one fifth of its research team, but denies reports that this is as a result of a drop in donations.
– Camosun College is raising tuition next year and cutting 18 staff positions.
– SCC laid off four staffers, cut the hours of four more and did not renew the contracts of two non-tenure faculty
– AUBURNDALE – The closing of the International Paper Company plant in Auburndale and the elimination of the 96 jobs there is a significant blow to the city, a community business leader said Monday.
– RTS Packing became the latest to join the list Tuesday with confirmation the company has shut down its Litchfield plant at a cost of more than 50 jobs. Workers already were removing equipment this week.
– A Franklin automotive supplier bruised by lagging sales plans to halt production in two months, putting 87 employees out of work.
– WEST CHESTER TWP. — Poor business conditions continue to take a toll on local steelmaking operations as AK Steel confirmed about 300 workers are still on layoff at Middletown Works.
– – But the company continues to lay off a few workers here and there, according to two Tyco employees who contacted The Patriot-News.
– Chicago-based American Medical Association is laying off 8-percent of its work staff.
– WEST SACRAMENTO, Calif. — Raley’s here said it laid off an undisclosed number of employees Monday in its corporate operations, primarily in the areas of facilities and construction.
– BOULDER, Colo. (AP) – Micro Motion Inc. says it is laying off 37 mostly salaried employees at its operations in Boulder as the economy declines.
– The Timmins Times has learned that roughly 130 contract worker layoffs are occurring at the Xstrata Nickel Montcalm Mine in Timmins as the result of what the company says is “an unplanned ground fall.”
– (Crain’s) — Vedder Price PC laid off nine lawyers, joining the growing ranks of firms that have cut staff amid an industry downturn.
– Vesuvius USA in Wurtland, Kentucky, laid off four employees last Friday. Plant Manager Mike Gilliam says four others were let go on February 16.
– – Stillwater’s Mercury MerCruiser plant has laid off about 135 workers this week, the company confirmed.
Affected are about 120 production employees and 15 salary employees, said Human Resources Director Jamie Payne. The workforce drops to around 400.
– Greenheck Fan Corp. announced today it is laying off 37 office employees at its Schofield facility, citing declining non-residential construction in the country and globally.
– Dawn Food Products told employees Tuesday that it plans to close its doughnut-making plant in Ossian on June 30. The decision means a loss of 59 area jobs.
– PROVIDENCE, R.I. — The Royal Bank of Scotland Group PLC announced it plans to eliminate as many as 9,000 positions globally, affecting some 1,250 jobs at Citizens Financial Group in the United States.
– TOKYO — Sharp Corp. Wednesday forecast a deeper net loss for its fiscal year ended March 31 citing restructuring costs and an additional securities valuation loss, and said it would cut 1,500 temporary jobs.
– Sharp Corp. (TYO:6753) have forecast a much deeper loss for its fiscal year than they first thought for the year ended March 31. The electronics giant were citing restructuring costs as well as an additional securities valuation loss, Sharp also announced that they will be cutting 1,500 temporary jobs.
– VIENNA, April 8 (Reuters) – Austrian fireproof materials maker RHI (RHIV.VI) said on Wednesday it would cut 1,000 jobs worldwide in 2009, as part of a cost-cutting programme to save around 80
– Whirlpool Corp (WHR.N) said on Tuesday it would close its washing machine manufacturing facility in Shanghai, China, eliminating 600 jobs, as the appliance maker consolidates its Chinese operations.
– Electrical firm Comet has announced 39 redundancies at its Hull business centre.
– More than 100 jobs face the axe at the NEC Group following a dramatic slump in revenue from exhibitions as the economic downturn bites.
The West Midland group, which runs the NEC, ICC, LG Arena and NIA, confirmed the job cutbacks and warned the short-term outlook for the exhibitions and conference market was “poor.”
– The Bank of Bermuda is cutting 14 jobs as it strives to trim expenses.
via The Royal Gazette.
– More than 160 staff at manufacturing giant Perkins Engines, in Eastern Industry, have been told they are at risk of compulsory redundancy as the firm seeks to make cost savings.
– The State Government’s railway arm has sent memos to each station across the network outlining the proposed cuts to staff hours and numbers.
Mike: For those of you looking to update your resume and/or receive career counseling in this difficult job market, you may want to pay a visit to: http://www.truecalling-group.com. The fine Certified Resume Writer / Career Consultant at True Calling Group will make sure you are on the right track when seekling that new position. When making contact with the consultants at http://www.truecalling-group.com, please mention that you saw their services posted at The Layoff List. Thanks and good luck……..
– http://www.usajobs.gov/, the official job website for the United States Federal Government, is listing over 47,000 jobs openings across the country, and hundreds and possibly thousands job openings in Utah
Mike:http://www.usajobs.gov/ is also lisied on the links section of this blog.
– It would add 98 jobs to a county which has a 16.9 percent unemployment rate (2,473 people looking for work in February, according to the N.C. Employment Security Commission).
Mike: See you on Thursday for the Jobless Claims report…………
Vodpod videos no longer available.