Archive for the 'Layoff and Unemployment News' Category



January 24, 25 – Weekend Update: IBM confirms layoffs – BNSF derails 2500 jobs – BNY starts layoffs in PIT – Air Canada departing with 345 less jobs – Caterpillar dumps 140 – Arctic Cat ices 100 jobs – Therma-Tru exits 220

Mike: Since the list of layoff announcements is getting larger by the day, I’ll do a weekend update instead of adding the weekend’s announcements to the Friday list.

-

Microsoft/Google/IBM News & Rumors -

 

* SAI called IBM earlier this week about the reports, and was told the company doesn’t comment on “speculation.”

But at least one spokesman in IBM Canada has finally gone on the record.

itbusiness.ca: IBM Canada spokesman Mike Boden confirmed on Friday to CDN that a round of layoffs is underway at IBM, including at IBM Canada. According to Boden, no exact numbers on the scope of the cuts are being released at this time.

via IBM Finally Admits: Yes, We’re Laying People Off (IBM).

 

* IBM Canada spokesman Mike Boden confirmed on Friday to ITBusiness.ca that a round of global layoffs is underway at IBM, including at IBM Canada. According to Boden, no exact numbers on the scope of the cuts are being released at this time.

“We’re not releasing numbers by site,” said Boden. “There’s no single area being targeted. As part of ongoing business operations at IBM we’re trying to manage the resources and skills we have so we’re ready and able to meet current and future client needs.”

via IBM Confirms Layoffs – PC World.

 

* Lee Conrad, a former IBM employee who now is national coordinator of Endicott, N.Y.-based Alliance@IBM, said the layoffs currently appear to be happening primarily in two IBM units: its software group, and its sales and distribution operations. But Conrad said he expects the cuts to spread to other units in the coming weeks……..

Unlike Microsoft, Sun and other technology vendors that have announced layoffs recently, IBM is being reticent about describing its workforce actions and the reasons for them. “We are not going to discuss specific numbers or locations,” IBM spokesman Doug Shelton said in a statement, adding that company officials expect some of the affected workers to find other jobs within IBM and that they’re “helping them with that effort.”

via Union: IBM layoff count nearing 3,000 this week.

 

* Severance and benefits for laid off Microsoft employees

Posted by Benjamin J. Romano

Microsoft is trying to ease the blow of layoffs to 1,400 people who were notified today. Their job responsibilities end Friday and, according to a WARN notice filed with the state, their layoff will be official on March 23. “The adjustments announced today impact Microsoft’s global operations, so employee Notification and the last day for individuals outside of the US will vary based on local laws,” a spokeswoman said in an e-mail.

via Microsoft Pri0 | Severance and benefits for laid off Microsoft employees | Seattle Times Newspaper Blog.

 

* Senator: Microsoft should cut foreign guests before Americans

In a letter made public today, Sen. Charles Grassley of Iowa addresses Microsoft’s layoffs and asks CEO Steve Ballmer to give Americans preference over foreign guest workers brought to the country under the H-1B visa program.

via TechFlash: Seattle’s Technology News Source.

 

* Microsoft should have made deeper cuts, analysts contend

The unprecedented layoffs and other cutbacks announced yesterday by Microsoft haven’t appeased Wall Street. Microsoft shares are down more than 6 percent since the news came out, and some analysts assert that the company needed to go much further.

“We believe the negative stock reaction may have had more to do with a head-fake regarding expense control than the weak results,” JP Morgan analyst John DiFucci wrote. “Management discussed the need to concentrate on running the organization more efficiently through expense reductions, but net/net, there were none. Operating expenses will increase in the second half from a year ago.”

via Microsoft should have made deeper cuts, analysts contend – TechFlash: Seattle’s Technology News Source.

 

 

- General Economic News -

 

Mike: It doesn’t take a rocket scientist to determine that if you are making $300 a week in unemployment benefits, you aren’t going to be able to afford family health insurance at a cost of $800 – $1000 a month. If any readers of  this blog have had difficult times paying for health care while laid off, please post them to the comments section. I’d like to start a campaign to send to our clueless leaders that keeping health insurance when laid off is difficult for all and impossible for many.

Only about one in 10 workers who lose their job opt to keep their employer-sponsored health insurance through the safety-net program COBRA, most likely because the premiums are too expensive, according to an analysis released Friday by the Commonwealth Fund, a private foundation that supports independent research on health care issues.

Experts worry that the highest unemployment rate in 16 years, combined with a health care system dependent on employer-sponsored health insurance, is a recipe for disaster, and will swell the ranks of the uninsured particularly if people aren’t using COBRA. About 46 million people in the United States (18 percent of those under 65) lacked health insurance in 2007.

via Few laid-off workers keep health insurance, report says - CNN.com.

 

Mike: The following shows how the $350 bailout was used and abused by those seeking its safety. As stated below, it’s doubtful that congress will do anything about these corrupt thieves, since they are so intertwined with their lobbiest brethren

* Merrill Lynch Execs Paid Themselves $15 Billion on $21.5 Billion in Losses in 2008

No wonder John Thain was sacked. On the surface it appears that he and his management were ‘hiding’ or at best unaware of enormous losses that were only revealed after they were purchased by the Bank of America, and the recipient of enormous amounts of government funds.

-And to make matters worse, they continued to pay themselves huge salaries and bonuses for the year despite those losses.

It will be interesting to see if there is any meaningful investigation of this. We doubt it very much. The Democratic leadership have shown themselves to be a lot of noise and little meaningful action so far, and almost all the Republicans are outrageous hypocrites. Such is the state of the deep capture of the government.

via Jesse’s Café Américain: Merrill Lynch Execs Paid Themselves $15 Billion on $21.5 Billion in Losses in 2008.

 

* Pfizer push to acquire Wyeth could cost thousands of jobs

Analysts say that if an accord is reached, cuts would hit Wyeth harder. It employs 5,000 in the Phila. region.

via Pfizer push to acquire Wyeth could cost thousands of jobs | Philadelphia Inquirer | 01/24/2009.

 

* Another big round of layoffs is expected at Starbucks, possibly 1,000 people — a third of its headquarters employees — and some district managers and field employees, according to an e-mail sent to a stock brokerage’s customers Friday.

“The cuts might be next week or in February,” wrote Diane Daggatt, a managing director at McAdams Wright Ragen in Seattle.

via Business & Technology | More layoffs expected at Starbucks | Seattle Times Newspaper.

 

* Thousands of restaurant workers could face layoffs in coming months, according to a recent survey of restaurant owners.

More than half of restaurant owners and managers who responded to a recent Washington Restaurant Association member survey said they expect to lay off staff in the first half of 2009. With 13,000 restaurants in Washington, the number of laid-off restaurant workers could easily exceed 6,900, the trade group’s Chief Executive Officer Anthony Anton said.

via Restaurant layoffs seen in Washington state – Puget Sound Business Journal (Seattle): .

 

* The unemployment rate in California soared to 9.3 percent last month – its highest point in 15 years – as construction firms, hotels, restaurants, casinos and amusement parks laid off workers in response to the widening recession.

via California jobless rate soars.

 

more about “Jobless Claims Squeeze States Video -…“, posted with vodpod

 

 

Mike: Hopefully this is a trend that catches on with other hospitals, especially since so many no longer have health insurance.

* YORK, Maine — In what could be the first of its kind in the country, a new York Hospital program offers patients an opportunity to receive health care and pay for it over time without interest.

The new “10 to Spend” program targets patients who, beginning Jan. 1, have to meet a new set of deductibles before their health insurance kicks in. Patients who receive services at the hospital between Jan. 1 and April 1 will be able to spread out payments at no interest over a 10-month period.

via York Hospital offers services at zero interest.

 

Jerry Holbert - Jan 23

Jerry Holbert - Jan 23

 

 

- Municipal News -

 

* ACCOMAC — The Accomack County School Board will hold a public hearing Feb. 3 on its proposed $43.9 million operating budget for 2009-2010, which could include the elimination of almost 66 positions.

via Schools could cut 66 jobs from staff | delmarvanow.com | The Daily Times.

 

* SACRAMENTO, CA – Sacramento County has a $42.3 million mid-year budget shortfall. One of the options to be proposed to the Board of Supervisors next month is $8.8 million worth of cuts to a variety Health and Human Services and Probation departments. If those cuts are approved, 198 employees will be out of jobs.

via 198 Jobs on the Line in Sacramento County | News10.net | Sacramento, California | News .

 

* Funding shortfalls tied mostly to declining student enrollment will force the Sturgis school district to cut the equivalent of eight full-time teachers next school year.

via Rapid City Journal | News » Local | Sturgis schools to cut teaching staff.

 

* Oakley Union Elementary School District officials had been hoping to avoid layoffs but are now saying that will be nearly impossible as the district faces a projected $2.9 million deficit for 2009-10.

District Superintendent Rick Rogers said the state’s proposed five-day reduction of the school year and the elimination of class-size reduction rewards would probably force the district to lay off classified and certificated employees.

via Oakley teachers told to expect layoffs – ContraCostaTimes.com

 

* SANTA CRUZ — County services, from public health to road maintenance, are expected to take their biggest hits in years as county administrators anticipate a 20 percent reduction in spending over the next year and a half, including some 250 layoffs.

via County expects 250 layoffs, cuts to health, road, park services – Santa Cruz Sentinel.

 

* If Salinas city workers .don’t agree to voluntary pay cuts by March, 123 could be laid off, or many more could be furloughed, city manager Artie Fields, said Friday.

Layoff would include police and fire personnel, Fields said.

via Layoffs approaching for Salinas city staff, emergency personnel | thecalifornian.com | The Salinas Californian.

 

* NEW PORT RICHEY – Friday was the last day of work for nearly two dozen members of Pasco County’s permitting and building inspection offices.

via Decline In Fees Brings Layoffs For 22 Employees.

 

* Pummeled by a recession that has caused a sharp drop in the building industry and resulting tax revenues, Union County is cutting 78 positions from its 1,066-person workforce.

 

- US and some Canada News -


Head NV Group, the parent company of the Head and Penn sports brands, is closing its tennis ball factory in Phoenix and moving those operations to China.

The factory will close in March, with 143 workers being fired. The Netherlands-based sports company has produced tennis balls in China since 2007 and continues to build that manufacturing presence. The company reported the layoffs to the Arizona Department of Economic Security.

Head to close Penn tennis ball factory in Phoenix, move jobs to China

 

* The Bay City area recently has seen the closing or announced closing of Andrews Fine Jewelers, at the Bay City Mall, and the Ruby Tuesday restaurant at 3898 State St., in Bangor Township.

Other announced closures include the Hampton 5 movie theater in Hampton Township, the Memory Lane scrapbook store and Elite Repeat clothing shop in downtown Bay City and the Rivard’s Home Furnishing store in Kawkawlin Township.

Many business owners blame economic times that have reduced customers and cash flow needed to continue operating.

“If I could look ahead and thought I could ride it out, I would,” said Gary Colopy, owner of the Heart of Ireland retail store at 914 Washington Ave. “I think it’s going to get a lot worse before it gets better.”

via - Longtime Bay City businesses closing because of economy

 

* Glenncoe is a 160-truck carrier primarily serving B.C., Alberta and the Pacific Northwest U.S. truckload markets. A market impact study recently confirmed the regional economy is weakening rapidly and cast doubt whether there was enough business to sustain the carrier over the next few years.

Business in the Pacific market Glenncoe concentrated on is drying up, fleet owner says.

“We’re profitable at this point, but the long range will not be if we continue. So we decided to shut down properly and orderly,” Coe explains in an interview with todaystrucking.com. “The long-term does not look viable. This is a business decision and we have to do what’s right by our people.

via Today’s Trucking.com: The Truck News Site – Canadian website and magazine publishing information and content on truck news, trucking regulations, trucking industry, fleet management, owners/operators and the latest in trucking products and trucking services..

 

* Profits are up but traffic volume is down, so a lot of employees are being laid off by the Burlington Northern Sanfa Fe railroad – including 101 in Lincoln and 68 in Alliance…..

The railroad began layoffs about two weeks ago. On Wednesday, BNSF said it would layoff some 2,500 workers nationwide, representing 5 percent of its work force. BNSF said it has approximately 4,500 employees in Nebraska, including more than 1,800 in Lincoln, and 1,700 in Alliance. 

via NE StatePaper.com – BNSF Railroad Announces Layoffs Despite Higher-Than-Expected Profits.

 

Mike: The following announcement was posted earleir in the week, but due to it’s significance with food poisoning, I thought it wise to post again:

The South Georgia peanut butter plant linked to the national outbreak of salmonella has laid off most of its approximately 50 workers, a company spokesman said Friday.

Federal health officials have said the Peanut Corp. of America’s plant in Blakely is considered the sole source of the salmonella outbreak that has sickened more than 480 people in 43 states and may have contributed to six deaths.

via Workers laid off at Blakely plant | ajc.com.

 

 

* Advertising Roundup — 80 Laid Off at Starcom; 26 Laid Off at Ogilvy; Lamar Debt Makes Hedge Fund Rich; More …

via Advertising Roundup — 80 Laid Off at Starcom; 26 Laid Off at Ogilvy; Lamar Debt Makes Hedge Fund Rich; More … | BNET Advertising Blog | BNET.

 

* MASSENA — Many of the employees at the General Motors Powertrain plant who were looking forward to returning to work are instead permanently losing their jobs.

Because of the dismal economy, the plant has been closed since before Christmas, putting workers on temporary layoff. They were supposed to return to work Monday, GM officials announced in December.

According to the latest announcement, more than 100 of the plant’s remaining 156 employees will be finished at GM as of next week.

via Watertown Daily Times | Many GM workers’ layoffs permanent.

 

* Union employees at Alcoa Davenport Works learned Friday that the company-wide staff reductions will affect about 220 of them. However, it remains unclear exactly who will be laid off or when

via Alcoa to lay off 220 hourly employees in the Q-C / QCTimes.com.

 

* ROBSTOWN – The LCS Corrections Facility in Robstown has laid off 35 employees just three months after opening up.

Luckily, all but 15 of the corrections officers have picked up jobs with surrounding law enforcement agencies.

via Corpus Christi, TX | KRISTV.COM |LCS Corrections Facility Lays Off Several Employees

 

* Dartmouth College lost about 18 percent of its endowment when the stock market went south. The college implemented a hiring freeze and about 70 employees accepted early retirement. But that wasn’t enough. Thursday, the Ivy League school announced additional job cuts cannot be avoided. School officials are not yet saying how many jobs will be cut, or when the layoffs will occur.

via WCAX.COM Local Vermont News, Weather and Sports-Dartmouth Plans Job Cuts.

 

* The Orlando Opera laid off four staffers Thursday — 25 percent of its full-time work force.

The layoffs will save the company about $135,000 to $140,000 a year, including benefits, said Jim Ireland, the opera’s president and CEO.

via Opera lays off 4 staffers to cut costs — OrlandoSentinel.com

 

* West Bend manufacturer Serigraph Inc. has made its sec-ond cutback in as many months, permanently eliminating nine administrative posts and placing about 60 production workers on indefinite layoff.

via Serigraph cuts more jobs .

 

* Two North Coast sawmills are laying off employees, blaming a sagging economy that continues to depress home building and remodeling — two sources of demand for lumber.

via Sawmills announce layoffs as industry declines.

 

* BROOMFIELD – Two months after announcing plans to slash up to 18 percent of its work force, Sun Microsystems Inc. this week made the first round of cuts, giving layoff notifications to 1,300 employees, 195 of whom work locally.

via The Pueblo Chieftain :: Sun Micro lays off 195 in Broomfield

 

* Bank of New York Mellon Corp. began laying off an undisclosed number of workers in Pittsburgh this week, part of a previously reported plan to let go 1,800 employees worldwide in 2009, a spokesman confirmed Friday.

via BNY Mellon begins layoffs in Pittsburgh – Pittsburgh Tribune-Review.

 

* Besser International manufactures concrete pipe machinery. Between 20 and 30 people have been laid off from the Sioux City plant in the past few months, about 25% of the workforce. A company representative says they expect more cuts in the near future.      

In Yankton, South Dakota, Sapa Extrusions laid off 40 to 45 employees, about 15% of its workforce. The company’s general manager says orders at its aluminum extrusion plant are at historic lows. 

via KPTH FOX 44: Local News and Entertainment for Sioux City and Siouxland | Local Layoffs & Job Hunt Tips.

 

* LAKE CITY — Federal-Mogul Corporation began laying off some of its 500 workers at its Lake City facility earlier this month.

via Postbulletin.com: Rochester, MN.

 

* GARDEN GROVE – Crystal Cathedral’s executive pastor, who was brought on board by the church’s former senior pastor Robert A. Schuller, was let go this week because of financial issues, church administrators said.

via Crystal Cathedral has a round of layoffs | church, cathedral, schuller, pastor, mysse – News – OCRegister.com.

 

* Baxter Healthcare Corp. plans to lay off 43 employees from its plant in Largo by March 23.

via Baxter cuts jobs in Largo – Tampa Bay Business Journal: .

 

* Air Canada has quietly announced that it intends to temporarily lay off 345 flight attendants at the start of March.

As a result of the cuts, there will be one less flight attendant working in business class on each transatlantic flight.

via CTV.ca | Air Canada to lay off 345 flight attendants.

 

* DUBUQUE, Iowa – Dubuque Stamping & Manufacturing has laid off about 40 workers in the past few weeks, roughly 25 percent of its work force.

via Dubuque Stamping & Manufacturing lays off 40 — chicagotribune.com.

 

* Mid-market lender Madison Capital has laid off 7 employees, or 10% of its staff, Senior Managing Director Chris Williams confirmed to peHUB. The layoffs occurred yesterday on the heels of news that Dymas Capital, another Chicago-based middle market lender, had laid off 10 employees. Six deal pros remain at Dymas.

via peHUB » Madison Capital Lays Off 10%.

 

* RANTOUL – One hundred employees at Eagle Wings Industries in Rantoul will be laid off for two months, beginning Jan. 30, a company official said.

The layoff at the auto parts supplier is related to production at Mitsubishi Motors in Normal, which accounts for “a large percentage of our business,” said Lynette Brokate, Eagle Wings’ human resources supervisor.

via The News-Gazette.com: Auto parts supplier to lay off 100 for 2 months.

 

* The Stanford Graduate School of Business is implementing across-the-board cuts and reducing its workforce by about 12 percent, the Stanford Daily reports. The GSB predicts a $15 million shortfall, 10 percent of its total budget. Forty-nine staffers were laid off, eight were put on a reduced schedule, and 12 temporary positions were eliminated. Other expenses—such as travel, food, library services, printing, and marketing—were cut off.

via Stanford Business School Lays Off 12 Percent – The Paper Trail (usnews.com).

 

* A reader tells us:

Major layoffs at Universal Music Group on Friday.  People from every department were axed (there were a few departments spared, it seems, though).  From what I can tell, most of the major imprints were hit (IDJ, Universal Records).

via Hushed Layoffs At Universal Music Group?*.

 

* NewsChannel 15 has learned a Pee Dee plant is laying off workers for the second time in two months.

Officials with the South Carolina Department of Commerce tell us Ina Bearing of Cheraw plans to cut 108 jobs.

via Pee Dee plant layoffs : News : WPDE .

 

* KVII-TV, citing a poor economic environment, eliminated several positions Friday. The layoffs at the Amarillo television station are part of a broader work force reduction by Barrington Broadcasting, the Illinois-based parent company of the local ABC affiliate.

via - KVII cuts jobs

 

* The Waterloo Community Arts Centre, also known as the Button Factory, has laid off all but its general manager.

In an attempt to reduce costs and keep the arts centre open, the seven-member board voted to lay off four employees this month.

via TheRecord.com – Local – Arts centre lays off four of its five staff .

 

* SAN FRANCISCO-AMB Property Corp. on Friday said it will lay off 22% of its global workforce as part of an effort to reduce its cost structure “in a difficult global economic environment.” AMB is an industrial REIT that develops properties for sale to third parties or funds. The company employed 716 people at the end of September, 200 more than it employed at the start of the year. The layoffs are the first in the company’s history.

via AMB Cutting Global Workforce by 22%.

 

* CARLSBAD — Mosaic Potash has announced a two-week layoff for more than 200 of its hourly employees beginning Feb. 15.

via Layoffs at Mosaic – Carlsbad Current-Argus.

 

* WINONA — River Valley Newspaper Group, which includes the La Crosse Tribune and the Winona Daily News as well as eight weekly papers in the region, announced it had cut 10 positions Wednesday.

via Postbulletin.com: Rochester, MN.

 

* Caterpillar is in the process of laying off 140 workers from its Oswego Township plant, a union representative confirmed Friday.

The eliminated positions run across the spectrum of Caterpillar’s hourly employees, covering a wide variety of jobs, according to Jim Steele, bargaining chairman for United Auto Workers 145, based in Montgomery. Local 145 has approximately 2,050 workers in the plant located off Route 31 near Aurora, Steele said.

via Caterpillar lays off 140 at Kendall plant :: Beacon News :: Local News.

 

* All-terrain vehicle and snowmobile maker Arctic Cat (ACAT.O) slashed about 100 jobs, or 7 percent of its workforce, as part of its cost-cutting efforts amid challenging economic conditions.

via UPDATE 1-Arctic Cat cuts 7 pct of workforce | Markets | Markets News | Reuters .

 

* MUSCATINE, Iowa — The Stanley Foundation of Muscatine announced Friday it’s laying off six of its 24 full-time employees.

via MuscatineJournal.com | Stanley Foundation lays of 1/4 of full-time workforce.

 

* ThyssenKrupp AG will delay the opening of its stainless steel operation at Calvert for about a year, until October 2010, stalling construction spending as part of a companywide effort to save cash in the global economic recession.

via ThyssenKrupp steel plant delays 1 unit – al.com.

 

* ROLAND, Okla. (AP) – About 220 people are expected to lose their job in the small eastern Oklahoma community of Roland as an Ohio-based door manufacturer announces plans to close its facility there.

Therma-Tru Corp. designs and produces residential fiberglass and steel exterior door systems. The company announced it will phase down production and ultimately close the Roland plant, effective Sept. 30.

via Roland door plant to close.

 

* HARTFORD CITY — International Paper on Friday announced it would permanently close the Hartford City corrugated container

plant at the end of March, resulting in the loss of 100 jobs.

via International Paper to close Hartford City plant | thestarpress.com | The Star Press.

 

* OXFORD — Local programming and 10 jobs will be lost once Miami University gives up control of WMUB-FM (88.5).

via WMUB shows will be lost in deal.

 

* WGAR FM/99.5 morning co-host Michelle Maloney, WTAM AM/1100 news reporter Greg Saber and WMVX FM/106.5 producer Brigette Dineen were victims of this week’s layoffs at Clear Channel Communication’s Northeast Ohio stations.

via Layoffs at WGAR, WTAM and WMVX part of Clear Channel cuts – Cleveland.com.

 

* SIOUX FALLS, S.D. – Ten days after cutting its Sioux Falls work force in half, Hutchinson Technology Inc. said Friday it is closing the plant and laying off the remaining 300 employees over the next three months.

via Hutchinson Technology closing Sioux Falls plant — chicagotribune.com.

 

HARDIN COUNTY — Akebono Brake Corp. reportedly laid off about 25 percent of its work force Friday as the brake parts manufacturer continued its staff downsizing at the Elizabethtown plant.

Carl Lay, Akebono’s Elizabethtown’s general manager of administration, did not return four phone messages left at his office and home or respond to an e-mail seeking comment. An e-mail to Laura Sullivan with Akebono North America went unanswered as well.

But worker Beverly Lacefield said she was called Friday and given the grim news.

via - The News Enterprise

 

* MIDDLEBURY, Vt. (AP) – Middlebury College is planning to cut 100 positions over the next three years through attrition.

via Fox 44 – Burlington and Plattsburgh News, Weather and Sports – Fox44.net | Middlebury College to cut 100 positions.

 

* Global paper and packaging manufacturer International Paper will permanently close its Howell facility and lay off 95 employees, company officials announced Friday.

It’s just the latest bad economic news for Livingston County. This month, auto parts maker May & Scofield LLC closed up shop in Fowlerville, idling 50 workers.

via International Paper closing its doors | livingstondaily.com | Livingston Daily.

 

* Greene Tweed is closing its Garden Grove plant with about 31 workers losing their jobs, a company spokeswoman has confirmed.

Judy Eby said the Pennsylvania-based company determined the molded plastics work done in Garden Grove could be done at other facilities.

via Greene Tweed closing Garden Grove plant – Handling Hard Times – OCRegister.com.

 

* MASSENA, N.Y. (AP) – They had dodged layoffs before, but now 100 furloughed workers at General Motors’ powertrain plant in Massena, N.Y., have been told their jobs are gone for good.

via KTVN Channel 2 – Reno Tahoe News Weather, Video – Workers a New York GM plant losing jobs sooner than expected.

 

* Accuride Corp., which was named Manufacturer of the Year on Thursday for its job-creation efforts, confirmed Friday that it is laying off 22 employees.


- International News -

 

* Cummins is to reduce its workforce worldwide by at least 800 employees by the end of February and freeze salaries for the year.

It means the engine company will cut 200 staff at its Daventry factory.

via BBC NEWS | UK | England | Northamptonshire | Engine company is to cut 200 jobs.

 

* As the UK officially falls into recession, it’s not a question of how many jobs will go in the regional newspaper industry, it’s more a case of how many will survive. Today, staff at DMGT-owned Northcliffe Media’s Western Daily Press and Bristol Evening Post were told the company is considering cutting 45 of its 154 editorial jobs from the two titles as part of plans to create single content and production desks for the papers, according to the NUJ. Sharing resources is a popular way to maximise resources for newspapers right now and is at the heart of proposed cuts at Newsquest’s Glasgow titles and Trinity Mirror’s Birmingham and South Wales centres.

via Northcliffe Media Restructuring Continues: Jobs Cut, Website Scrapped In Bristol | paidContent:UK .

 

* • We are proposing to reduce the costs of our head offices, subject to consultation with staff, with the loss of up to 450 jobs, representing around 15% of our head offices headcount.

• We will be making changes to the Marks & Spencer Final Salary Pension scheme by capping employees’ annual increases in pensionable pay to 1%iv and changing the early retirement benefits for members who joined the scheme before 1996.

via UK : Marks & Spencer to cut 1230 jobs – Apparel News UK.

 

* Jan. 23 (Bloomberg) — Linklaters LLP, the second-largest London law firm by revenue, will cut the number of lawyers at the firm as the economic crisis slows its business.

The worsening economic crisis and its effects on key clients means that reductions are necessary, said Sarah Peters, a firm spokeswoman. The Lawyer magazine reported today that Linklaters will cut as many as 70 partners and 10 percent of its salaried lawyers, citing people familiar with the plan.

via Bloomberg.com: U.K. & Ireland.

 

* The Cheltenham-based kitchenware and appliance manufacturer Pro Cook is to close all 18 of its high street stores.

via BBC NEWS | UK | England | Gloucestershire | Kitchenware firm to cut 100 staff.

 

* UP TO 100 jobs were at risk at brewer SA Brain last night.

Drivers, assistants, warehouse workers and customer services staff at the iconic brand’s South Wales distribution centre face losing their jobs after the 127-year-old company struck a deal with another brewer, Scottish and Newcastle.

via Cardiff brewer Brains looks set to shed 100 jobs – WalesOnline.

 

* THE UK’s leading aerosol contract filler ColepCCL is to axe more than a quarter of its 300-strong work force at its plant on the Foxhills Industrial Estate in Scunthorpe

via colepCCL, scunthorpe, north lincolnshire, north lincolnshire council, osmond aerosols, foxhills industrial estate, jobs, redundant, portuguese owned.

 

* MOSCOW, Jan 24 (Reuters) – The number of unemployed Russians rose to 6 million in December compared to 5 million in November as an economic downturn hit home, the head of the federal employment service Yuri Gertsiy said on Saturday.

Gertsiy said data calculated according to World Labour Organisation rules showed unemployment was much higher than the 1.5 million Russians who have officially registered as being out of work after six months of financial crisis.

via One million Russians lost jobs in Dec-official | Reuters .

 

- Hiring News -

 

* They’re hiring!

As many big companies are announcing mass layoffs, these 20 top employers have at least 350 openings each right now. Which Best Companies to Work For are doing the most recruiting and what kind of candidates are they looking for?

via They’re hiring! – Edward Jones (1) – FORTUNE.

 

Mike: Please feel free to send along any announcements that I may have missed and that you would like added. More as the weekend develops……………………

 

 

Bill Schorr - Jan 24

Bill Schorr - Jan 24

top

January 23 – Schlumberger cuts 5000 – Harley-Davidson quiets for 1100 – Union Pacific furloughs 3150 – BBVA Compass loses 1200 – Another 550 done at Motorola? – UPS delivers bad news to 500 – Polaris rides 460 out the door – 1000 more finished at Toyota – Microsoft layoffs & aftereffects – Beechcraft readies layoff plans – American Greetings condolences to 200 – ChannelAdvisor dumps 190 – Holy demolition, Batman! layoffs at DC Comics – Fannie Mae releases 100s – Starbucks to roast 1000 jobs? – Comerica to release 570

Mike: Yesterday proved to be a tumultuous day for layoff announcements and economic news. Microsoft disappointed with less than stellar earnings, but Google added some hope with positive earnings and they didn’t announce any large layoffs. Today should be a little quieter on the layoff announcement front, but with Harley-Davidson announcing the elimination of 1100 jobs, it will still be a disappointing day for many workers. Today’s economic calendar is light, but the earnings announcements will be active

 

 

Microsoft/Google/IBM News & Rumors -

 

* While overall growth was 2%, Microsoft took a big hit with its client software, and a big reason for that was netbooks. Here’s what the company said:

Client revenue declined 8% as a result of PC market weakness and a continued shift to lower priced netbooks.

That’s an astonishing admission. It means that people are forgoing higher-priced laptops, and instead buying netbooks — and many of those netbooks are powered by Linux. So Microsoft loses out not only on sales of Windows, but also sales of Microsoft Office as well. Estimates are that 30% of all netbooks ship with Linux.

This is all the more reason why Microsoft needs to ship Windows 7 quickly, and will most certainly do it before the announced 2010 ship date. Windows 7 has been designed to work with netbooks, and Microsoft hopes it will be a Linux-killer.

via Microsoft layoffs: Netbooks sales are killing us – Computerworld Blogs.

 

* Most of Thursday’s Microsoft layoffs centered in Redmond

Most of the 1,400 jobs being eliminated Thursday by Microsoft are at the company’s Redmond campus.

Employees whose jobs are being eliminated are being notified by their managers.

Microsoft says that some open positions at the company will be filled by employees whose jobs are being eliminated.

Those who do not get jobs will receive “generous severance and outplacement services to help their search for a new job,” according to the company. The company is not detailing severance packages, although employees are eligible for a minimum of 60 days of pay, as well as severance pay that is calculated on tenure and level.

via Most of Thursday’s Microsoft layoffs centered in Redmond.

 

* You may have heard just last week that Microsoft’s Gamerscore Blog would cease operation. You may have also heard about the 1,400 job cuts at Microsoft today (with more to come). What didn’t seem like it was related is now clear. Some of the team on the Microsoft Gamerscore Blog were let go today.

 

* SAN FRANCISCO (AP) — Google Inc.’s fourth quarter wasn’t picture perfect, but the results looked good in an ugly recession.

Although Google suffered its first-ever decline in quarterly profit because of a $1.1 billion accounting charge, the Internet search leader fared far better than its peers and proved it has the discipline to curb its free-spending ways in tough times.

Even as the Google tightened its belt, its fourth-quarter revenue climbed 18 percent to $5.7 billion. It’s the first time since Google went public in 2004 that its quarterly revenue growth has been less than 30 percent, but it was still a double-digit increase in a backpedaling economy.

“It was a pretty impressive performance in this kind of downturn,” said Stanford Group analyst Clayton Moran.

via The Associated Press: Google delivers good-looking 4Q in ugly recession.

 

* Two days after reporting a 6 percent drop in fourth-quarter sales and a 12 percent increase in net income, IBM (NYSE:IBM) is laying off employees, although the company isn’t disclosing the scope of the cutbacks or where they are occurring. Postings on a Web site for IBM employees indicated that the IBM Software Group was being particularly hard hit.

The cutbacks came the same day that Microsoft (NSDQ:MSFT) announced plans to eliminate some 5,000 positions, including the immediate layoff of 1,400 workers.

An IBM spokesman confirmed the company is “re-allocating our skills and resources” and notifying some employees in the U.S. that their jobs are being eliminated. But the company made no announcement of the layoffs and the spokesman declined to say in what IBM organizations or facilities the cuts were being made. Some of the laid-off workers might find openings elsewhere within the company, he said.

via IBM Lays Off Workers, Keeps Silent On Scope Of Cutbacks – IT Channel – IT Channel News by CRN and VARBusiness.

 

* Alliance@IBM, the union-backed employee group, has confirmed more than 3,000 cuts at Big Blue.

While IBM said it will not comment on where the cuts are happening or how many, employees have told the Times Herald-Record local cuts are expected to be the most severe on Tuesday and Wednesday.

via IBM layoffs: U.S. toll now eclipses 3,000 – RecordOnline.com – The Times Herald Record.

 

 

- General Economic News -

 

* Today’s earnings news: Bloomberg – Earnings calendar

 

Mike: I’m thrilled that the main stream media is finally getting to the truth about unemployment numbers. Many others, myself included, have complained that the unemployment numbers released by the feds aren’t complete and paint a rosier picture. The following NY Times article gives a more complete description of the unemployment numbers.

* How bad was today’s jobs report? The unemployment rate rose to 6.7 percent, its highest level since 1993 — and that understated the weakness in the labor market.

- According to the Labor Department, the number of unemployed workers rose by 251,000 in November. But the number of people who were outside of the labor force — that is, neither working nor looking for work — rose by much more: 637,000. These people aren’t counted as unemployed in the government’s statistics, because they are not looking for work. Many of them, presumably, have stopped looking for work because they didn’t think they could find a good job.

If you take a broader measure — one that tries to account for them — you see a darker picture of the labor market. The share of all men ages 16 and over who are working is now at its lowest level since the government began keeping statistics in the 1940s. The share of women with jobs has fallen almost two percentage points from the peak it reached in 2000; at no other point in the past 50 years has the share of employed women has fallen so much from its peak.

The jobs report doesn’t account for the 637,000 people who dropped out of the labor force.

 

* DETROIT -(Dow Jones)- Harley-Davidson Inc. (HOG) dealerships that serve as retailers, repair shops and de facto clubhouses to legions of loyal owners are falling victim to the company’s mounting financial pressures.

At least a half-dozen have closed in recent months, hit by sinking sales as cash-strapped Americans forgo luxury purchases.

Dealers worry the shutdowns will begin to chip away at one of Harley’s most prized assets: its loyal customer base.

via Harley-Davidson Dealers Under Pressure In Tough Econ.

 

* The unemployment rate in the San Jose-Sunnyvale-Santa Clara metropolitan statistical area was 7.8 percent in December 2008, above the year-ago estimate of 5.1 percent, according to a report released Friday by the state Employment Development Department.

This compares with an unadjusted unemployment rate of 9.1 percent for California and 7.1 percent for the nation during the same period. The unemployment rate was 12.1 percent in San Benito County, and 7.7 percent in Santa Clara County.

via Silicon Valley unemployment rises to 7.8% in December – Silicon Valley / San Jose Business Journal: .

 

* Florida ranks as one of the lowest-paying states in the nation in what it pays unemployed workers.

Whether you lose a $30,000-a-year job or one that pays six figures, your maximum unemployment compensation breaks out to $6.88 an hour — less than what most fast-food restaurant workers make in South Florida.

The state’s $275 weekly maximum benefit hasn’t changed in 10 years and is making the economic downturn more painful for Florida residents as more join the unemployment rolls each month.

via Could you live on $275 a week? That’s Florida’s maximum unemployment benefit : State News : TCPalm .

 

Non Sequitur - Jan 23

Non Sequitur - Jan 23

 

- Municipal News -

 

* WHITE MOUNTAIN LAKE, Ariz. — The fire station in White Mountain Lake is closed and the entire staff of the fire district has been laid off indefinitely following an announcement that the district has a deficit of about $400,000.

via Arizona Fire District Laid Off; Station Closed – Firehouse.com News.

 

* COSHOCTON – There will be fewer people helping those looking for jobs, applying for public assistance, seeking or paying child support or needing help through Children’s Service next month.

Four people will be laid off, including two part-time, a full-time and a temporary employee.

via JFS to lay off workers | coshoctontribune.com | Coshocton Tribune.

 

* WESTBROOK (Jan 22, 2009): The city of Westbrook laid off nine employees Friday, with more budget cuts expected as the city attempts to make up for a $580,000 revenue shortfall.

via keepMEcurrent.com – Community News – Current Publishing, LLC.

 

* MONROE, N.C. — Forty Union County employees will lose their jobs on Friday in the first round of layoffs for Union County government employees. It might not be the last.

Along with the 40 jobs that are being cut, another 38 positions that haven’t already been filled will be eliminated. County leaders made the decision on where the cuts would come from in their Thursday meeting. It’s expected that the hardest hit area will be positions within the general government offices.

via News 14 | 24 Hour Local News | Charlotte | Union County slashing jobs to save budget .

 

* WINSTED — Teachers and students were in tears last week after it was announced that teachers and paraprofessionals would have to be laid off this year to make up for repeated cuts to the proposed 2008-09 school budget.

Superintendent of Schools Blaise Salerno met with staff members last week to discuss a proposed list of cuts, including several teaching positions and paraprofessionals, along with extracurricular programs, instructional supplies, textbooks, maintenance projects, field trips and a one-day staff furlough.

via TCExtra.com Winsted schools rocked by layoffs .

 

* The state agency responsible for helping disabled Ohioans find jobs will cut a quarter of its rehabilitation staff through early retirements in the next 15 months to deal with deep budget cuts.

The Ohio Rehabilitation Services Commission expects to lose 153 rehabilitation counselors and staffers who run a program in which blind Ohioans stock vending machines and manage cafeterias.

via DispatchPolitics : State agency to cut 153 jobs; delay costly, critics say Columbus Dispatch Politics.

 

* EDCOUCH — Sixteen more Edcouch-Elsa schools employees lost their jobs this week as the district continues to cut costs in the face of a $5.6 million financial shortfall.

 

- US and some Canada News -

 

* MILWAUKEE (AP) — Harley-Davidson Inc. said Friday it will cut 1,100 jobs over two years, close some facilities and consolidate others as it grapples with a slowdown in motorcycle sales.

The company also reported its fourth-quarter profit fell nearly 60 percent, and said it is slashing motorcycle shipments in 2009 to cope with reduced demand.

The iconic motorcycle maker said it will consolidate two engine and transmission plants in Milwaukee into its facility in Menomonee Falls, Wis. It will shrink its paint and frame operations in its York, Pa., plant and close its distribution facility in Franklin, Wis. Harley also said it will end its domestic transportation fleet operation.

via Harley to cut 1,100 jobs as 4Q profit falls – Yahoo! Finance.

 

* Universal Orlando laid off about 70 workers — less than 1 percent of its work force — in an effort to adapt to slowing business conditions.

via Universal Orlando cuts 70 jobs – Orlando Business Journal: .

 

* Denver-based Quantum Resources has suspended its Jay Oil Field production and laid off about half its employees as a result of the economic recession and dramatic fall in oil prices.

Quantum spokesman Logan Magruder said the company anticipates reactivating the field when economic conditions improve.

Quantum said 29 employees were affected by the layoffs. A year ago at peak production Quantum had 72 employees.

via Production suspended at Jay Oil Field | pnj.com | Pensacola News Journal.

 

* On Jan. 8 company officials from Andersen Corporation announced that 450 workers were being laid off – that number just got larger.

Maureen McDonough, Andersen’s director of communications, said the company would be laying off an additional 150 production workers from the facility in Bayport, Minn.

via Andersen to layoff an additional 150 workers |  Pierce County Herald  | Ellsworth, Wisconsin .

 

* DURHAM (WTVD) — Auto parts maker AW North Carolina announced Thursday that it will idle about a quarter of its workforce at its Durham factory.

The move affects about 280 workers. AW is owned by a Japanese company and primarily supplies transmission parts and oil pumps to Toyota. It has a massive manufacturing facility in Treyburn.

via Durham auto parts maker idles workers – 1/22/09 – Raleigh News – abc11.com.

 

* Nichols Aluminum has laid off 55 employees, about 16 percent of its work force, company representatives confirmed Wednesday.

via Nichols Aluminum lays off 55 in Davenport / QCTimes.com.

 

* In another sign of the local effects of the economy being in a recession, the Starr Commonwealth and Montcalm School for Girls has laid off 10 employees locally and another unspecified number of employees corporate-wide.

via Starr Commonwealth lays off employees.

 

* Already, BNSF is shrinking its ready capacity. Rose said 2,000 workers are laid off and another 500 soon will be, 700 locomotives are stored away and 35,000 railcars are off-line. The company’s salaried workforce will get no merit pay hikes this year, he said, but a union contract gives wage earnings a 4.5 percent raise.

via Traffic World OnLine – Rail & Intermodal.

 

* A.O. Smith is cutting 13 positions at its Ashland City plant

via Cheatham County’s Largest Employer Lays Off Workers – Nashville News Story – WSMV Nashville.

 

* KEWASKUM – Facing a dreary economy and slowed sales, cookware manufacturer Regal Ware Inc. recently underwent a series of temporary and permanent layoffs.

The Kewaskum-based company on Wednesday also announced the retirement this month of a longtime official and a pair of promotions.

The layoffs affected a total of 26 administrative and production employees, Senior Vice President and Human Resources Officer David Lenz said.

via Temporary, permanent cuts hit Regal Ware .

 

* HSR Business to Business eliminated 12 jobs Monday, citing the loss of two clients and a generally weak economy.

via HSR agency trims workforce by 7 percent – Business Courier of Cincinnati: .

 

* Hewlett-Packard Co. is laying off nearly 100 workers at its manufacturing plant in Puerto Rico to reduce costs.

via HP to cut nearly 100 jobs at Puerto Rico plant – Taiwan News Online.

 

* Biopharmaceutical company Lexicon Pharmaceuticals Inc (LXRX.O) said it will cut about 102 jobs, or about 22 percent of its workforce, to conserve capital and focus on the development of its most advanced drug development programs.

via UPDATE 1-Lexicon Pharma to cut 102 jobs | Markets | Markets News | Reuters .

 

* American Greetings Corp. is closing 60 U.S. stores nationwide — including seven in Northeast Ohio — and cutting at least 200 more jobs as it continues to pare expenses during what has traditionally been its strongest quarter.

via American Greetings to cut 200 jobs, shut 60 retail stores – Business – cleveland.com.

 

* NEW YORK (CNNMoney.com) — United Airlines, one of the leading U.S.-based carriers, said Wednesday it will cut an additional 1,000 jobs to reduce overhead costs.

The airline had previously announced it was cutting 1,500 positions in the second quarter of last year.

via United Airlines to cut 1,000 salaried and management jobs – Jan. 21, 2009 .

 

* LEESVILLE, La. — A modular building company based in Center, Texas, has laid off workers in Louisiana and Texas.

Ameri-Tech Building Systems chief executive officer Jim Donnan did not say how many people were laid off in Leesville, La., and in Center, Troy and Big Springs, Texas.

via Texas, La., layoffs at modular building company | Business news | Chron.com – Houston Chronicle.

 

* PARACHUTE (KJCT) — Another local gas company says they are laying off employees, citing the economy and tighter regulations.  

Three hundred contracted employees of Williams, located in Parachute, will be losing their jobs over the next few months.

via KJCT8.com – Grand Junction, Montrose – Weather, News, Sports | Layoffs mount in local gas industry.

 

* Hoboken University Medical Center is looking at laying off employees and cutting services in the near future to stay afloat, according to the hospital’s January newsletter.

The document leads off: “As Harvey Holzberg told everyone this week, Hoboken UMC may have to join the legions of hospitals across the nation, around the state, and up the block in making painful cuts to staff and services in order to remain fiscally stable during this global recession.”

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

 

* In an interview with Channelweb.com, Avnet COO and Senior Vice President Rick Hamada did not specify exactly where the $50 million in reductions would come from. When asked if they would include layoffs or the closing of Avnet businesses, Hamada — who is also the acting president of Avnet Technology Solutions/Global during the position’s changeover from John Paget to Philip Gallagher ” said, “All of the above.”

via Economy Spells No Relief For Avnet – IT Channel – IT Channel News by CRN and VARBusiness.

 

* MARION – Sypris Technologies will close its Marion plant by the end of 2009, said Mark Kane, vice president of human resources for the Louisville, Ky.-based company.

The plant, which employs 82 workers, will be closed in phases, joining the company’s Kenton facility, which is to close by May.

via Sypris eliminating remaining 82 Marion jobs | marionstar.com | The Marion Star.

 

* Update: Bridgestone Corp. said Friday it will lay off about 800 workers at a tire plant in Tennessee as it phases out production of tires for cars and light tucks.

The plant, located in LaVergne, Tennessee near Nashville, will be restructured to focus solely on tire production for heavier vehicles, Bridgestone said in a statement published on its Website Friday.

via Bridgestone to cut 800 workers at Tennessee plant – MarketWatch

 

* Sun Microsystems Inc.’s latest round of layoffs will put 227 of its Denver metro-area workers of jobs by early April, according a notification the company sent to state officials Thursday.

The Santa Clara, Calif.-based computer networking and software company said in November it planned to trim its work force by between 15 percent and 18 percent by late 2009, eliminating as many as 6,000 jobs worldwide.

via Latest Sun Microsystems layoffs include 227 Denver-area jobs – Denver Business Journal: .

 

* Hawker Beechcraft warned employees in a memo Wednesday that a second round of layoffs “could very well touch all areas and levels of the company.”

Hawker Beechcraft is “conducting an extensive review of our business in an effort to reconcile our first-quarter and full-year 2009 production needs with the size of our workforce,” vice president for human resources Rich Jiwanlal said in the memo.

It expects to finalize plans within the next few weeks, Jiwanlal said. At that time, it will provide more details of the reduction.

via Hawker Beechcraft announces that layoffs will likely hit all levels of company | Top Stories | Kansas.com.

 

Mike: I have seen how these temporary layoffs can turn permanent quickly

* Bobcat Co., says it is extending a six-week shutdown of its two North Dakota plants by two weeks, citing the nation’s economic slowdown.

The West Fargo-based construction equipment manufacturer laid off about 2,000 employees at its plants in Bismarck and Gwinner in mid-December. They were due back to work Feb. 2.

via Ap |  The Jamestown Sun  | Jamestown, North Dakota .

 

* The Pratt & Whitney aircraft engine plant in North Berwick is looking to cut its hourly work force by 50, part of a cost-cutting measure linked to reduced manufacturing.

The workers, who are over 55 years old, are being offered a buyout package that includes a $5,000 payment and a week’s pay for each year of employment, according to company and union officials.

via Pratt & Whitney plans N. Berwick layoffs | Portland Press Herald.

 

* Trane plans to lay off about 100 workers in La Crosse on Feb. 2 due to the faltering economy, a company spokesman said Thursday.

via Trane to lay off 100 workers : La Crosse Tribune.

 

* On Jan. 8 company officials from Andersen Corporation announced that 450 workers were being laid off – that number just got larger.

Maureen McDonough, Andersen’s director of communications, said the company would be laying off an additional 150 production workers from the facility in Bayport.

via Andersen to layoff an additional 150 workers |  Stillwater Courier  | Stillwater, Minnesota .

 

* Update: A majority of the staff making up Canadian video game development studio EA Black Box, creators of the Electronic Arts’ skateboarding series, Skate, Skate 2, and Skate It, has been laid off.

Gamasutra reports that almost two-thirds of EA Black Box, which has also worked on NBA STREET Homecourt and most of the games in the Need for Speed series (everything from Need for Speed Hot Pursuit 2 to Need for Speed Undercover) has lost their jobs, the total number of employees let go being upwards of 200 people.

via Massive Skate team layoffs: 200 employees lose their jobs – Network World.

 

* Autobytel Inc., the Irvine Internet auto marketing firm, is laying off seven more workers this month, according to a state Employment Development Department filing.

The Internet auto marketing firm started slashing its staffing last year to stem the flow of red ink.

via Autobytel has additional 7 layoffs – Handling Hard Times – OCRegister.com.

 

* Checks Unlimited will lay off up to 100 employees in Colorado Springs after consolidating check printing operations in Salt Lake City and Kansas City, Mo., as a result of consumers switching to electronic payment methods from personal checks.

via Checks Unlimited to layoff 100 workers | checks, company, unlimited – Top Stories – Colorado Springs Gazette, CO.

 

* Cooley Godward Kronish became the latest law firm to issue layoffs Jan. 22, eliminating 52 attorney jobs and 62 staff companywide.

In a memo to its employees, the law firm cited economic uncertainty but said the layoffs do not reflect overall weakness of the firm.

via San Diego Business Journal Online – business news for San Diego, California .

 

* WNET-Thirteen, PBS’s flagship station in New York, is on the verge of enacting significant staff and budget reductions for the coming year. The layoffs will also affect sister station WLIW-21 and the station’s parent public media organization WNET.org.

Neal Shapiro, President and C.E.O. of WNET.org, told The Observer on Thursday evening that his organization, including the stations, will be cutting 8 percent of its budget for the upcoming fiscal year. The cuts will be achieved, according to Mr. Shapiro, through cost-cutting measures (such as reductions in back-office costs) and by reducing the current staff by roughly 14 percent.

via Observer.com Mobile: Unlucky 13: Significant Layoffs and Budget Cuts at PBS’s Flagship Station in New York.

 

* Tuesday, a wave of optimism accompanied the swearing in of Barack Obama as the 44th president. On Wednesday, that optimism was quickly tempered at Oxford University Press (OUP), after the nation’s largest university press laid off 60 people between its two offices in New York and Cary, NC. OUP president Tim Barton said the “cost-cutting exercise,” is “a result of the difficult economic environment impacting the publishing industry.”

The job cut is an uncharacteristic move for the historically stable press, which, throughout recessions, has rarely had go to layoffs. These are clearly unprecedented times, however, further evidenced today by Microsoft’s announcement that it will lay off 5000 workers over the next 18 months, the first job cut in the company’s history.

via Oxford U. Press Sheds 60 Jobs; Utah State U. Press on the Chopping Block? Nature’s New OA Initiatives – 1/22/2009 1:19:00 PM – Library Journal.

 

* EL PASO, Texas — In the next couple of weeks, hundreds of El Pasoans will find themselves without jobs because the weak economy is forcing some companies to close down.

Air System Components Inc. or ASC is another big company that’s reorganizing and moving some of its operations to Juarez.

via El Pasoans Bracing For Manufacturing Layoffs – News Story – KFOX El Paso.

 

* LAWRENCE, Kan. | The University of Kansas is cutting 11 jobs and not filling 110 others to satisfy a legislative mandate to cut 7 percent of its budget for the 2010 fiscal year.

via KU laying off 11, not filling 110 jobs – Kansas City Star.

 

* OTTAWA, Ontario–Publicly traded IP video manufacturer March Networks announced this week it has implemented a seven percent reduction in global workforce along with a six percent salary roll-back for all North American executives and staff. This follows another workforce reduction the company announced in November.

via March Networks announces more layoffs – Security Systems News

 

* Palo Alto – Stanford University’s Graduate School of Business has been struck by the recession as 49 staff members have been let go since the beginning of the year. Stanford University on the whole expects to cut its budget by 10% this year.

via KLIV – LAYOFFS AT STANFORD.

 

* Some nursing positions were eliminated, though hospital officials say staffing levels won’t be affected.

Citing the troubled economy, Frankford Hospitals Thursday announced it has eliminated 100 full-time employees including a small number of “clinical” nursing positions.

via PhillyBurbs.com:  Frankford Hospitals lays off 100 .

 

* Polaris Industries Inc. has cut 160 salaried jobs and about 300 contract part-time and temporary positions. The cuts were spread across all product lines and multiple facilities. The cuts represent about 5 percent of the company’s employee base.

via Polaris cuts 460 jobs at multiple locations – Minneapolis / St. Paul Business Journal: .

 

* Virginia-based MeadWestvaco Corp. announced today that it will shut its Consumer & Office Products’ envelope factory in Enfield by the end of March, leaving 190 workers jobless.

via Journal Inquirer > News > Envelope plant in Enfield to close:190 jobs will be eliminated.

 

* Lexicon Pharmaceuticals announced a new restructuring plan Thursday, which includes a 22 percent reduction in its workforce. The 102 positions cut will be primarily in basic research, early-stage discovery and support positions, the company’s statement said. 

via Lexicon restructures, cuts 102 employees–again – FierceBiotech.

 

Interline Brands Inc. has eliminated 85 full-time positions.

As a result of the layoffs, as well as several other expense control actions, the company expects to save about $12 million a year.

 

* MORRISVILLE, N.C. — ChannelAdvisor, a global provider of e-commerce services to retailers and other online sellers, is laying off up to 60 of its 290 workers.

The 19 percent work force reduction is part of a company-wide reorganization scheduled mfor a Friday announcement.

via Layoffs hit e-commerce services provider ChannelAdvisor :: WRAL.com.

 

* A Sweden-based firm that makes products for the pharmaceutical industry will move its Albemarle County production line to Cardiff, Wales, taking 50 local jobs with it.

Biotage announced Thursday that it would start transferring its production overseas in stages. The move is slated to be finished by the fourth quarter.

via 50 face layoffs as Albemarle firm departs | Charlottesville Daily Progress.

 

* Looking to cut overhead and focus on its lead drug program, Connecticut-based Penwest Pharmaceuticals is reducing its staff from 60 to 49. The company says the layoffs will build on the decreases in spending on general and administrative, as well as research and development, expenses over the past year.

via Penwest sharpens focus, cuts jobs – FierceBiotech.

 

* Semi-trailer maker Wabash National Corp (WNC.N) said it would further cut its workforce by 5 percent to reduce costs, and that it sees non-cash goodwill impairment charges of about $66 million in the fourth quarter.

The company said it would cut 25 jobs, bringing the total headcount reduction to over 25 percent since 2007, and reduce the base salary its executive officers and the senior management team by about 10 percent.

via UPDATE 1-Wabash to cut 5 pct jobs, sees Q4 charges | Deals | Regulatory News | Reuters .

 

* Japanese carmaker Toyota Motor Corp. is considering shedding more than 1,000 regular workers in Britain and North America as it fights its biggest ever crisis, according to a report.

The company aims to finalise the job cuts at its seven plants in North America and one in Britain by the end of the month, the business daily Nikkei reported, citing an unnamed senior Toyota official.

via AFP: Toyota may cut 1,000 jobs in Britain, US.

 

* Schlumberger Ltd., the world’s largest oilfield-services provider, said fourth-quarter profit fell 17 percent as a collapse in petroleum prices slowed exploration spending by customers. The company said job cuts “concern” 5,000 people worldwide.

via Bloomberg.com: Worldwide.

 

* Franklin Resources Inc. (BEN:52.14, +0.54, +1.1%) confirmed Thursday that it plans to cut 4% of its global workforce. The cuts, announced to staff on Wednesday, amount to about 350 of the firm’s 8,600 employees.

via Franklin Resources to cut 4% of staff – MarketWatch .

 

* NEW YORK, Jan 22 (Reuters) – Playboy Enterprises Inc plans to cut jobs, consolidate online and print operations and take a writedown as the adult entertainment magazine struggles with a declining audience in a poor economy.

The Chicago-based publisher said it will report a fourth-quarter loss as a result of the the writedown of goodwill and other intangible assets, which it expects to be more than $100 million.

It did not say how many jobs would be cut.

via Business Feed Article | Business | guardian.co.uk .

 

* Union Pacific Corp. has furloughed about 3,150 train and yard employees, and more cuts could be made in the first three months of this year if business doesn’t pick up, officials said Thursday.

 

A Union Pacific freight train travels in Omaha on Wednesday. On Thursday, Union Pacific reported a 35 percent increase in net income during its fourth quarter.

A few hundred more jobs could be cut from the railroad’s work force of 47,000, including some at the railroad’s Omaha headquarters, spokeswoman Donna Kush said.

“It all depends on volumes,” she said.

The latest cuts leave about 18,060 train and yard employees still working, officials said.

 

* HOLYOKE – An estimated 30 city employees will lose their jobs next fiscal year if the city receives less state aid as predicted, Mayor Michael J. Sullivan said this week.

via Omaha.com Money Section.

 

* Two of the area’s major health systems, Rochester General and Unity, will cut jobs and may lay some workers off this year.

Officials at Rochester General today announced a $24 million budget cut plan that includes eliminating 30 management jobs and 210 other positions. Officials said 140 positions have already been cut through turnover and by eliminating temporary and agency staff. Of the 100 other jobs targeted, system officials hope to place some of those employees in other positions, but there could be layoffs.

via Local hospitals cut jobs | democratandchronicle.com | Democrat and Chronicle.

 

* Sony plans to close two television factories and shed 2,000 jobs in its home country of Japan, according to a Bloomberg report Wednesday.

The report says CEO Sir Howard Stringer will make the announcement in a news conference but doesn’t say when.

via Report: Sony to cut 2,000 jobs, shutter two Japan TV factories | Business Tech – CNET News.

 

* Parker Hannifin Corp. is cutting 130 jobs at its New Haven plant, New Haven Mayor Terry McDonald said Thursday.

That will bring the workforce at the plant to between 450 and 500, McDonald said.

via Parker Hannifin to cut 130 jobs at New Haven plant | The Journal Gazette.

 

* New Customer Service Cos. Inc. is laying off dozens of workers at its Loudoun County headquarters and, as a result, will close its call center there.

The Sterling-based company will cut 57 workers March 15, according to a notice filed by the company with the Virginia Employment Commission.

via New Customer Service lays off 57 – Washington Business Journal: .

 

* 213 jobs at Wilsonville Movie Gallery Inc. announced it will lay off about 213 employees at one of its Wilsonville locations as part of its move to consolidate two distribution centers into one in Nashville, Tenn.

via Movie Gallery will cut – OregonLive.com.

 

* United Drug has said it is seeking to cut job numbers at its Irish businesses by just under 100 as part of a cost saving programme.

The company provides services to pharmaceutical retailers and manufacturers and is one of the biggest drug wholesalers in the country.

via RTÉ Business: United Drug to cut 300 jobs, 90 in Ireland.

 

* D/FW AIRPORT – United Parcel Service is eliminating 250 positions at its overnight sorting facility in North Texas, and another 250 jobs will be cut at a similar facility in Columbia, South Carolina.

In December, UPS announced it would eliminate 72 jobs at the UPS Air Cargo Distribution Center at the Dallas/Fort Worth International Airpor

via UPS cuts 500 positions – half at D/FW Airport | Texas Cable News | TXCN.com | News for Texas | Local News: TV .

 

* Abercrombie & Fitch Co has laid off about 50 employees at its headquarters, a spokesman said on Friday, as part of what the teen retailer called its ongoing focus on managing expenses in the recession.

via Abercrombie lays off workers in ongoing process | U.S. | Reuters .

 

* Based in Norwalk, Conn., Xerox (NYSE: XRX) employs 1,750 in Wilsonville, home to the Xerox Office Group. On Jan. 15 Xerox laid off 50 Wilsonville employees, part of a corporate-wide 5 percent reduction in workforce.

via Xerox breaks even in Q4 – Portland Business Journal: .

 

* Dubuque Stamping & Manufacturing has laid off 40 workers in the last few weeks, comprising about 25 percent of its work force.

via TH – Local News Article.Dubuque Stamping & Manufacturing has laid off 40 workers in the last few weeks, comprising about 25 percent of its work force.

via TH – Local News Article.

 

* BLAKELY, Ga. — Channel 2 learned Thursday nearly all the people who work in the Georgia peanut plant linked to salmonella have lost their jobs.

The Peanut Corporation of America plant is in Blakely in southwest Georgia. All but three of the 46 employees at the Blakely Peanut Corporation of America plant were laid off, plant officials told WSB-TV Channel 2 Thursday.

via Georgia Plant Blamed For Peanut Butter Recall Lays Off Almost All Workers – Consumer News Story – WSB Atlanta.

 

* Based in Uppsala, Sweden, Biotage makes products in the medicinal chemistry area for the pharmaceutical industry, biotech companies and academic institutes.

About 50 jobs will be lost when the Charlottesville factory closes. Biotage said Thursday the transfer is expected to be finished by the fourth quarter.

via Factory in Albemarle Co. Closes; 50 Jobs Lost .

 

* Keihin Indiana Precision Technology in Greenfield has laid off 100 temporary workers and made other cuts amid reduced demand from its primary customer, Honda Motors.

via Honda supplier in Greenfield lays off 100 | IndyStar.com | The Indianapolis Star .

 

* Domain name registrar Name.com has laid off 10% of its staff, according to a post on its company blog.

After growing last year, the company started to cut back on costs in October. But the cuts were not enough. Name.com cites razor small margins on domain names and intense competition, along with the faltering economy, for its woes.

via Domain Name Wire » News » Name.com Lays Off 10% of Staff – The Domain Industry’s News Source.

 

* Law firm Choate Hall & Stewart has laid off 15 lawyers and 23 non-legal staff members, or 8 percent of its workforce, citing the slumping economy, the firm confirmed Friday.

via Choate cuts 15 lawyers, 23 staffers – Boston Business Journal: .

 

* Motorola Inc. has filed notices with the state of Illinois on the upcoming layoffs of nearly 550 local employees.

The state’s Department of Commerce and Economic Opportunity has received two notices from Schaumburg-based Motorola dated Thursday. The Illinois Worker Adjustment and Retraining Notification Act, or WARN, requires employers to give 60 days advance notice of mass layoffs.

via Motorola warns of 550 local layoffs — chicagotribune.com.

 

* The Beat reports on layoffs at DC Comics and Diamond Comics, apparently due to the continuing economic crisis.  The most high-profile among them is Bob Schreck, who co-founded Oni Press, edited “Sin City” at Dark Horse, and edited “The Dark Knight Strikes Again” and “All-Star Batman and Robin” for DC. 

via Report: Layoffs at DC Comics, Diamond | Nerdage.

 

* NEW YORK – The company that operates two public television stations in New York City says it’s cutting 85 jobs because of the economic downturn. 

via – Newsday.com 85 jobs cut at 2 NYC public TV stations

 

* NorthShore Skokie Hospital said it would eliminate 150 full-time jobs, or nearly 14 percent of its workforce in the next two months.

via NorthShore Skokie Hospital to cut 150 jobs — chicagotribune.com

 

* Webster Financial Corp. said today it will cut 200 jobs and slash its quarterly cash dividend on common shares from 30 cents to 1 cent, as it steers through the recession and braces for even tougher times ahead.

via Webster Financial To Cut 200 Jobs — Courant.com.

 

* Jan. 23 (Bloomberg) — Fannie Mae, the mortgage-finance company under federal control, cut several hundred jobs today at its Washington headquarters as it adds workers elsewhere to combat rising foreclosures.

via Bloomberg.com: Worldwide.

 

* Birds Eye Foods has cut more than 30 positions, nearly half of which are at the corporate headquarters in Rochester.

via –  Birds Eye Foods

 

* RIVERDALE, Iowa (AP) — Alcoa Inc. is cutting jobs at its Davenport Works plant in the Quad Cities as part of a worldwide reduction.

The aluminum producer says in a news release issued Friday that it will reduce its hourly work force by about 220 positions. Alcoa says the number of salaried employees affected hasn’t been finalized.

via Alcoa Cuts 220 Jobs In Iowa .

 

* Birmingham’s ABC 33/40 television station laid off about 20 full-time and part-time employees today, including sports reporter Melissa Lee and meteorologist Brian Peters, a station official confirmed.

via -Birmingham ABC affiliate lays off 20 staffers, citing declining ad income

 

* Chicago’s Starcom MediaVest laid off 80 staffers yesterday, AgencySpy has learned. A Starcom representative confirmed the cuts today, stating that the current economic climate is to blame.

via Starcom Lets 75-100 Go – mediabistro.com: AgencySpy.

 

* Another big round of layoffs is expected at Starbucks, possibly as many as a third of its corporate employees as well as district managers and field employees, Diane Daggatt, a managing director at McAdams Wright Ragen in Seattle, wrote in an e-mail to the brokerage’s customers today.

via Business & Technology | Big layoffs expected at Starbucks, brokerage says | Seattle Times Newspaper.

 

* Comerica Inc. is set to cut another five percent of its work force in a move that will affect all business units in all geographic markets, including Texas.

via Comerica to trim another 570 jobs – Houston Business Journal: .

 

* JAE Oregon Inc. in Tualatin, a subsidiary of Tokyo-based Japan Aviation Electronics Ltd. (JAE), laid off 26 of 157 employees this month and will cease production for a week each month in January, February and March, the company said Friday.

via Tualatin’s JAE Oregon Inc. lays off 26 – OregonLive.com.

 

* NORFOLK - Children’s Hospital of The King’s Daughters laid off 28 employees on Friday, just one in a series of cost-cutting measures the facility is taking to shore up finances.

via CHKD lays off 28 people, won’t thaw 90 frozen positions | HamptonRoads.com | PilotOnline.com.

 

* BOULDER, Colo. — Niwot-based Crocs Inc. this week cut 14 positions companywide as part of a continued “reorganization” of the shoemaker’s business, officials said.

via Niwot-based Crocs lays off 14 : Breaking News : Boulder Daily Camera.

 

* JONESBORO, AR (KAIT) – Officials with Hytrol Conveyor Company have announced the lay-offs of 100 employees, triggering concerns about Jonesboro’s economic outlook. Couch’s Barbecue, one of the oldest restaurants in Jonesboro, has had to make job cuts as well

via KAIT – Jonesboro, AR: Hytrol Layoffs Concern for Surrounding Businesses.

 

* An analyst says as many as 1,000 Starbucks Corp. employees could be laid off within weeks, according to published reports.

The layoffs could include one-third of corporate employees, district managers and field employees, according to an e-mail sent Friday by Diane Daggatt, managing director at Seattle-based brokerage McAdams Wright Ragen. No barista jobs were expected to be cut, she said.

via Starbucks may cut 1,000 jobs – Puget Sound Business Journal (Seattle): .

 

* DETROIT — A person briefed on General Motors’ plans says one of the two remaining shifts at an assembly plant in Lordstown, Ohio, will be laid off starting in April.

The person asked not to be identified because the plans have not been finalized. The person says workers at the plant have been told about the cuts and an official announcement could come as soon as Monday.

via Reports Say GM To Cut 1 Of 2 Shifts At Lordstown Plant – Money News Story – WEWS Cleveland.

 

* BBVA Compass announced Friday it will cut 1,200 positions in its six-state footprint.

The cuts, which amount to 10 percent of its work force, will include 200 in the Birmingham area, a spokesman said.

via BBVA Compass cutting 1,200 jobs: bizjournals.com Business News – MSN Money.

 

* McQuay International announced today it will temporarily lay off approximately 60 employees at its Auburn facility for 90 days. The layoff was voluntary, said McQuay spokesperson Chris Sackrison, and people will retain their health benefits during the three months.

“We’re not immune to the economy right now,” he said.

via AuburnPub.com – McQuay lays off 60 workers in Auburn.

 

* WYOMING, Mich. (WOOD) – The first round of layoffs at the General Motors plant in Wyoming has been announced.

The facility on 36th Street will close at the end of this calendar year.

via WARN letter for 500 at Wyoming GM plant.

 

* Pinnacle Airlines Inc. is rolling back personnel and other expenses to keep its regional jets flying amid economic turbulence.

The Delta Connection and Northwest Airlink carrier is freezing executive pay, suspending 401(k) company matches and targeting 30 to 50 employees for layoffs.

via Pinnacle freezing executive pay, planning layoffs : Business News : Memphis Commercial Appeal.

 

* Now, for at least the third time in six months, more layoffs at Truseal Technologies in Barbourville.

The manufacturer of window and door sealants is laying off 25 workers. It’s a blow to each of the families of those employees, and the affect is far reaching.

via More Layoffs At Truseal Technologies.

 

* Hillel, which laid off six employees this week, has been hit hard by the downturn in the economy, reports the Washington Jewish Week. The organization lost $20,000 it had directly invested in Madoff, but also another $600,000 that is was supposed to receive next year from the Chais Foundation, which closed after losing all of its money with Madoff.

via Loose Change: Layoffs at Hillel, none at local Hadassahs and Jews push for healthcare | The Fundermentalist | JTA – Jewish & Israel News.

 

* Muzak Holdings LLC, the Fort Mill, S.C., provider of background music to businesses, confirmed today it has laid off “fewer than 30” of its 1,250 employees.

via Muzak confirms ‘fewer than 30′ layoffs | CharlotteObserver.com.

 

* To cut costs, two of the state’s biotechnology companies — Baltimore’s Alba Therapeutics and Novavax Inc. of Rockville — have shed more than 40 jobs this month.

via Biotech cash crunch leads to layoffs at Alba, Novavax – Baltimore Business Journal: .

 

* Motorola has notified the state that it will lay off 77 employees at its Plantation facility, effective March 27. The company said it will no longer conduct new Windows mobile development at the facility.

via Motorola to lay off 77 in Plantation – South Florida Business Journal: 

 

* A big Nevada insurance company said today it’s cutting its workforce by about 14 percent.

Employers Holdings Inc., parent of Employers Insurance Company of Nevada, said the layoffs are in response to the economic downturn and are part of a restructuring plan following the company’s acquisition of AmCOMP Inc.

via Nevada workers’ comp insurer to cut 14 percent of jobs – Las Vegas Sun.

 

* RIVERDALE, Iowa — Alcoa is losing a battle to reduce costs and avoid layoffs. The world economy is hitting close to home at the Davenport Works, taking with it 220 hourly jobs at the plant.

via Alcoa cuts 220 hourly jobs at Davenport Works.

 

* NASHVILLE, Tenn.- There are more victims of the slumping auto industry. Almost 5,000 employees across the country, a few of them in the mid state are losing their jobs as a magazine that advertises cars for sale goes out of business. 

via NewsChannel 5.com – Nashville, Tennessee – Jobs Lost as Auto Magazine Goes Out of Business.

 

 

* HUNTINGBURG, Ind. (AP) – A southern Indiana furniture company is closing an assembly plant where about 70 people work.

OFS Brands announced Friday that that 1 of its plants in the Dubois (doo-BOYSS’) County city of Huntingburg would end operations by the end of March.

via Fox 28: South Bend, Elkhart IN News, Weather, Sports -Furniture company closing southern Indiana plant.

 

* FISHER, Ill. — The owner of an eastern Illinois plant that makes products for the steel industry says the facility will close, costing 98 people their jobs.

via Fort Mill Times | FortMillTimes.com – E. Illinois factory closure will cost 98 jobs – Fort Mill, SC.

 

* THOMASVILLE, N.C. (AP) – A North Carolina wood products plant that has been in business for 75 years is closing because of a decline in its customer base.

    The High Point Enterprise reported Friday that Commercial Carving Co. will shut down next month.

    The company didn’t say how many workers it employed, but the newspaper reported Commercial Carving employed about 90 people last year.

via NC carving plant to close after 75 years | WNCT.

 

* MOUNT POCONO — Liz Claiborne will close its Mount Pocono distribution center sometime in March, leaving 350 employees without jobs.

The company made the announcement to its employees Thursday morning.

via Liz Claiborne plant in Poconos to close – poconorecord.com – The Pocono Record.

 

* ELLENBORO, W.Va. — Parkersburg-based Simonton Windows has laid off 115 workers at its Ritchie County facility and 42 others at a plant in Paris, citing the slumping housing market.

via Daily Herald | Downstate window plant closing.

 

* ACA Co-operative Ltd. of Kentville is cutting more than 300 jobs at two of its Kings County poultry processing facilities, one of which is closing permanently.

via 300 poultry plant jobs gone – Nova Scotia News – TheChronicleHerald.ca.

 

* Avnet Inc., a distributor of electronic components, computer products and embedded technology, will close its Texas operations and move them to Nogales, Sonora.

The Fortune 500 company will transition its assembly operations from Grapevine, Texas, to the Mexican border town over the next 18 months, the company said in a news release.

via AVT BRIEF: Texas distribution plant closing, relocating to Nogales.

 

* HOWELL, Mich. – The auto industry’s ongoing sales slump is being blamed for the closing of another small supplier in Livingston County.

International Paper Co. says it’s shuttering its corrugated container plant in Howell, resulting in the loss of 95 jobs.

via International Paper to shut down Howell plant — chicagotribune.com.


- International News -

 

* KUALA LUMPUR, Malaysia: Malaysia has banned the hiring of foreign workers in factories, stores and restaurants to protect its citizens from mass unemployment amid the global economic downturn, a government official said Thursday.

The government has also ordered companies to lay off foreign employees first if they must slash their work force, a Human Resources Ministry official said.

via Malaysia bans foreign hiring for factories, stores – International Herald Tribune.

 

* Mishcon de Reya has completed its redundancy consultation with 17 members of staff, including two partners, losing their jobs.

via Mishcons lays off 17 after redundancy consultation – Legal Week, legal news, comment, events and legal jobs.

 

* Superquinn is to cut 400 jobs and close a store in Dundalk as part of a cost-saving plan which, it says, has been forced upon it following “recent developments in cross-border shopping”.

via Superquinn to shed 400 jobs and close Dundalk store – The Irish Times – Wed, Jan 21, 2009.

 

* MANILA, Philippines – Intel Corp., the first US semiconductor firm that established a facility in the Philippines, will shutter its Cavite factory, laying off 1,800 workers and an undisclosed number of executives this year.

via GMANews.TV – Intel shutters RP factory, lays off 1,800 employees – Business – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA.

 

* ZURICH: UBS, the largest Swiss bank, said Thursday that it was planning a fourth round of job cuts at its securities division to downsize the fixed-income unit after record losses from the global financial crisis.

The bank, which is based in Zurich, will exit its real estate and securitization and exotic structured products businesses, Carsten Kengeter and Jeff Mayer, co-heads of fixed income, currencies and commodities, said in a memorandum dated Wednesday.

via UBS to cut more jobs at money-losing division – International Herald Tribune.

 

* Almost 700 jobs are set to be axed by a UK parcel carrier following a decision to restructure its delivery network, unions say.

via Parcel Firm Job Losses: Home Delivery Network Could Be Cutting 700 Jobs Say Unions | Business | Sky News.

 

* The drinks group Britvic Ireland is to shed 145 jobs over the next twelve months as part of a cost-cutting plan.

via Britvic Ireland to cut 145 jobs – Business, Ireland – Belfasttelegraph.co.uk.

 

* The number of construction apprentices being made redundant during the economic downturn now stands at well over 1,000.

The total has nearly trebled over the past two months with only one in three finding a fresh site placement. And the industry’s training leaders are forecasting still more apprentice redundancies to come.

via Over 1,000 construction apprentices made redundant – 23/01/2009 – Contract Journal.

 

* Northcliffe’s Bristol News & Media division is understood to be planning up to 45 job cuts as speculation mounts that the Western Daily Press could in future rely on content supplied by other company titles in the region.

via Bristol News & Media plans up to 45 job cuts | Media | guardian.co.uk .

 

* ALMOST 1,000 jobs have been axed in the Rochdale area over the last nine months.

The shocking figures obtained by the Observer show for the first time the extent of the economic downturn on the local economy.

The statistics revealed that 980 workers were made redundant, with the majority of the jobs lost in the retail and manufacturing sectors.

via Jobless misery as axe falls on 1,000 – News – Rochdale Observer.

 

* Dutch-owned food firm Vion will eliminate 470 jobs at its Haverhill site in Suffolk, 200 at Malton in North Yorkshire, and 150 at Cambuslang in Scotland.

The job cuts in Scotland are due to the loss of business supplying food products to supermarket chain Marks & Spencer. The job losses in Suffolk and North Yorkshire are due to the restructuring of Vion’s abattoir and cooked meats businesses.

via Vion to cut 820 jobs – Food Business Review.

 

* QUITO — State oil company Petroecuador will carry out a restructuring plan that includes eliminating 1,500 jobs, Ecuadorian President Rafael Correa said, adding that just $3 billion will be earmarked for the firm this year to fund ongoing projects.

via Latin American Herald Tribune – PetroEcuador to Cut 1,500 Jobs.

 

* SJ Berwin today became the latest law firm to announce job cuts as the City’s leading legal advisers brace themselves for a recession. Up to 50 jobs could go.

via SJ Berwin to cut up to 50 jobs as downturn worsens – Times Online .

 

* Tata Steel’s Corus Plc, Europe’s second-largest steel company is planning a major revamp at Ijmuiden steel plant in the Netherlands, which could lead to nearly 1,000 workers losing their jobs due to decline in sales in the global steel industry, caused by the current economic slowdown.

via domain-b.com : Corus to cut 1,000 jobs in the Netherlands.

 

* Crisis worsens in civil engineering sector, while SMEs express doubts over latest bank bail out

The bloodbath in the civil engineering sector worsened this week as Buro Happold and Faber Maunsell followed Arup’s cull of 400 UK staff last week.

A source close to Faber Maunsell said 16% of UK employees – about 500 people – faced the chop. A spokesperson said this figure was “inaccurate” and that the figure was closer to 4%, but refused to give the actual figure. Senior salaries at the firm are also understood to have been frozen and bonuses reduced.

via Buro Happold and Faber Maunsell plan swingeing job cuts – Building.

 

* Jan. 23 (Bloomberg) — Sotheby’s in Amsterdam will cut two-thirds of its 60 employees, according to a Dutch newspaper Het Financieele Dagblad, citing director Mark Grol.

via Bloomberg.com: Arts and Culture.

 

* INDUSTRIAL property investor Goodman Group will slash up to 175 positions across its global business as it aims to cut overheads by about 20 per cent a year.

The positions make up about 16.5 per cent of its “headcount” and will either be restructured or made redundant, group chief executive Greg Goodman said on Thursday.

via Goodman slashes jobs across the board | Herald Sun.

 

* Spain’s unemployment rate, which was already the highest in the eurozone, hit 13.9% in the last quarter of 2008.

During the period, 3.2 million people were out of work, which was nearly 1.3 million more than in the same three months of the previous year.

via BBC NEWS | Business | Spain’s jobless rate hits 13.9%.

 

* More job losses in the consulting sector were announced today with Buro Happold to cut 10% of global staff and 4% job cuts at Faber Maunsell.

via Jobs cut at Buro Happold and Faber Maunsell .

 

* Stirling Council has announced that up to 170 posts could be cut as part of a financial review to save £5m annually and deliver better frontline services to the community.

via Council To Axe Up To 170 Jobs To Save 5m (from The Herald ).

 

* A CONCRETE plant will shut with the loss of 55 jobs after efforts to rescue it failed.

Marshalls, in Llay, near Wrexham, will lose 20 workers today with the rest leaving next month company bosses said.

via Marshalls’ Wrexham concrete plant to shut – Daily Post North Wales

 

 

- Hiring News -

 

* HOUSTON (Reuters) – Unemployment lines across the United States are growing, but demand for workers in the oil patch remains healthy with exploration and production companies still hiring workers in anticipation of the next leg up in oil and gas prices.

Even so, the sector got a surprise last week when ConocoPhillips (COP.N), the third largest U.S. oil company said it planned to cut 4 percent of its workforce, or about 1,300 jobs in a bid to control costs. But smaller peers like Devon Energy Corp (DVN.N) say so far they have no plans to take similar action.

“We have over 150 jobs to fill,” Chip Minty, spokesman for Oklahoma City-based Devon, said. “We are hiring, but we are watching our budget.”

via U.S. independent oil companies hiring-for now | Reuters .

 

* In a time when so many businesses are closing their doors, the US Census Office in Fresno is doing something out of the ordinary…opening.

“Our business ultimately is to count everybody in the district for the purpose of the census which is carried out every ten years,” David Hess, Local Census Office Manager, said.

via KMPH Fox 26 Central San Joaquin Valley News Source in Fresno, California Entertainment, News, Sports and Weather | Fresno Census Bureau Now Hiring.

 

* EL PASO, TX — (Marketwire) — 01/23/09 — TeleTech Holdings, Inc., one of the largest and most geographically diverse global providers of business process outsourcing (BPO) solutions, today announced it will be adding approximately 1,000 customer service positions to its TeleTech@Home workforce in January.

 

Mike: The layoff news came fast and hard at the end of the day with some big news from Schlumberger, Harley-Davidson and BBVA Compass. Good thing the weekend is here and the job less announcements should be minimal. I’ll update this post throughout the weekend with any job loss announcements, but let’s start the weekend with a little humor and song. The first video is especially entertaining. Don’t you want your TARP?.………..

 

 

 

 

Ed Stein - Jan 23

Ed Stein - Jan 23

 

Hillary Clinton frees the State Department, and Barack Obama moves to close Guantanamo.

more about “Fox News Fear Imbalance | The Daily S…“, posted with vodpod
-

 

top

January 22 – Jobless claims rise to 589,000 – Tyco cuts 2500 – Intel: up to 6000 jobless – 2000 more gone at GM – Huntsman releases 1175 – Nokia slams 1000 – OHSU trims 1000 – UAL to discharge 1000 – How many jobs cut at IBM? – Microsoft to layoff 5000 – Eaton to chop another 3200 – Yahoo to end 3000 jobs? – SUN sets on 1300 jobs – F5 minus 7% – Black day for 200 at Black Box

  
Mike: Good day to all. Today’s much anticipated news will likely revolve around earnings releases from Microsoft and Google, as well as the  Jobless Claims  numbers.  Yesterday, a few earnings reports were better than expected, as in the case of Apple, but the layoff announcements didn’t slow their brutal pace. If today’s earnings news and the  Jobless Claims  numbers improve, the outlook for jobs may also improve in the near term, or at least we can hope that’s the case.
Update: As the news indicats, the numbers were worse than expected for Microsoft, jobless clains and housing starts
-
* NEW YORK (CNNMoney.com) — The number of Americans filing for first-time unemployment benefits rose last week to a 26-year high, according to a government report released Thursday.

The Labor Department said that initial filings for state jobless benefits rose 62,000 to 589,000 for the week ended Jan. 17.

via Jobless claims surge to 26-year high – Jan. 22, 2009 .

 

 

Microsoft/Google/IBM/etc. News & Rumors -

 

* Microsoft Earnings and Revenues Take a Big Hit; 5,000 to Be Laid Off (Plus the Full Press Release)

 

* NEW YORK/BOSTON (Reuters) - Microsoft Corp is expected to post a quarterly profit that misses its own target and announce thousands of job cuts this week as the global economic slump hurts even the technology industry’s biggest players.

When the leading software maker reports fiscal second quarter results on Thursday, investors are likely to press for comments on its outlook and on Yahoo Inc, whose search business has been the object of Microsoft’s desires.

The report comes against a backdrop of a wounded global economy that has stifled demand for everything from personal computers to business software and video games, all markets in which Microsoft is a significant player.

via Microsoft expected to cut jobs as profit weakens – Boston.com.

 

* Jan. 22 (Bloomberg) — Microsoft Corp., reporting second- quarter earnings today, may announce its first companywide job cuts as the software maker trims costs amid slumping demand.

The company will probably cut full-time positions, contract workers and outside vendors, said Heather Bellini, an analyst at UBS AG in New York. Microsoft will probably slice 5 percent to 7 percent, or $1.37 billion to $1.92 billion, from annual operating expenses, she estimates.

via Bloomberg.com: News.

 

* With the PC market having tanked along with the rest of the market, Microsoft is seen as unlikely to be able to live up to the financial forecast it issued in October.

In a further sign of just how rough the economy is, Microsoft is also expected to announce shortly its plans for a significant, companywide layoffs. Although Microsoft has cut jobs in a particular unit or location in the past, it has managed to navigate through all past downturns without having to resort to such broad job cuts.

via PC sales slump to bite even Microsoft | Microsoft – CNET News.

 

Mike: That Vista was a problem for Microsoft is not surprising at all. They should have shelved it before it started and just tweaked XP:

Windows Vista has been trouble for Microsoft perhaps since the operating system’s beginning. And this last quarter was certainly no exception. Despite a dip in client software revenue, however, one analyst says the workforce reduction Microsoft detailed on Thursday is healthy — at least from enterprise IT shops’ perspective.

When Microsoft released its earnings report on Thursday, the company indicated not only that it would lay off up to 5,000 workers or 5 percent of its total headcount but also that software client revenue — as in Windows Vista — sank by 8 percent.

via Vista main culprit in Microsoft layoffs | InfoWorld | News | 2009-01-22 | By Tom Sullivan, InfoWorld .

 

* MOUNTAIN VIEW, Calif. — After a decade of mostly feel-good stories, Internet search leader Google Inc. is expected to join in the economy’s tale of woe with its fourth-quarter earnings report and commentary about the state of the online ad market.

The results, due out after the stock market closes Thursday, will likely reflect the slowest growth since Google went public in 2004, and help explain why management has been pulling a variety of financial levers to boost profits.

via Ahead of the bell: Google 4Q growth likely to slow – washingtonpost.com.

 

* This should be put in the “rumor” file immediately because it is based on one anonymous source inside Yahoo!.

Yahoo!’s (YHOO) new CEO, Carol Bartz, has told her board that she does not need outside help from consultants to restructure the company. Previous CEO Jerry Yang had brought in Bain.

via 24/7 Wall St.: Rumor: Yahoo! (YHOO) Will Cut 3,000 Jobs Or $850 Million.

 

IBM JOB CUTS ARE HAPPENING in SWG and Sales and Distribution in the US and Canada 1/21/2009!

Comment 1/21/09: IBM Atlanta – Entire team has been RA’ed. after the usual announcement we made a good quarter blah blah. -Anonymous-

Comment 1/21/09: I am one of the chosen for the resource action -Anonymous-

Comment 1/21/09: Tivoli Software Developer Atlanta – End of life the TSOM product All but two employees were RA’d -anon-

via Job Cuts Comments.

 

* A day after releasing a record-setting earnings report, IBM began cutting jobs — up to 1,400 by some estimates.

The company confirmed generally that a job action was under way on Tuesday, but refused to provide details.

Employees did report that an unspecified number of layoffs happened on IBM’s Rochester campus, though IBM would not confirm or deny that.

via Postbulletin.com: Rochester, MN.

 

* The site details that IBM employees nationwide are anxiously waiting for the company to publicly announce the number of job cuts likely to take place in the United States and indeed, the discussion section of the site is buzzing with comments from people claiming to have been laid off.

via Rumors Rage Regarding IBM Layoffs – Tom’s Hardware.

 

* The Humboldt Redwood Co. is laying off about 30 workers and shutting its Scotia fencing operation for an indeterminate period.

via Layoffs at Humboldt Redwood announced – ContraCostaTimes.com.

 

* Sun Microsystems Inc. officials confirmed Thursday that the networking and storage company has notified 1,300 employees they would be laid off as part of a previously announced workforce reduction.

It was not immediately known how many people at Sun’s Broomfield campus — where 2,380 people work — might be affected. Spokeswoman Dana Lengkeek said the company is not providing a breakout by location.

via Sun notifies 1,300 people of layoffs : Local Business : Boulder Daily Camera.

 

- General Economic News -

 

  • Thursday –   Housing Starts - Housing starts measure initial construction of residential units (single-family and multi-family) each month. 

* Update: Jan. 22 (Bloomberg) — U.S. builders probably broke ground in December on the fewest houses since record-keeping began as sales and credit dried up, economists said before a government report today.

Housing starts fell 3.2 percent last month to an annual rate of 605,000, the lowest level since the Commerce Department started compiling data in 1959, according to the median estimate in a Bloomberg News survey. Building permits, a sign of future projects, also probably dropped to a record low.

via Bloomberg.com: Worldwide.

 

  • Thursday -  Jobless Claims  - This is the week’s big job number. With the effect of the holiday shortened weeks behind, this number should better reflect current job losses. The consensus estimate is for job losses of 610,000.

* Update: Jan. 22 (Bloomberg) — The number of Americans filing first- time claims for unemployment benefits matched the highest level in 26 years as firings forced more workers to seek government assistance in a deepening recession.

Initial jobless claims increased by 62,000 to 589,000, more than forecast, in the week ended Jan. 17, from a revised 527,000 the prior week, a Labor Department report showed today in Washington.

via Bloomberg.com: Worldwide.

 

* NEW YORK (AP) — Disappointing results at Microsoft Corp. and increasing concerns about the nation’s banks sent Wall Street sharply lower Thursday, extending a new streak of stock volatility into a third day. The Dow Jones industrials fell more than 200 points.

Microsoft surprised investors by reporting its fiscal second-quarter earnings early — and the news was not good. The software giant posted an 11 percent drop in profits and said it will slash 5,000 jobs over the next 18 months.

via Wall Street tumbles on Microsoft report, bank woes – Yahoo! Finance.

 

* The steep decline in the stock market last year triggered an erosion of foundation wealth, with many grant makers losing nearly one-third of their assets, according to a new Chronicle survey of some of the nation’s largest philanthropies.

For the 57 grant makers that provided financial data for 2007 and 2008, endowments declined a median of 29 percent. (A table showing this data is available to Chronicle subscribers.)

Foundations with investments in bankrupt or hard-hit companies, of course, fared much worse. For example, the Starr Foundation, in New York, which held a significant portion of its portfolio in American International Group stock, lost $1.7-billion – almost 57 percent of its assets.

via Many Foundations Have Lost Almost One-Third of Their Assets, Chronicle Study Finds – Philanthropy.com.

 

* Wednesday marked the last day for most workers at Chrysler’s Mopar parts distribution center in Newark, according to union officials and workers.

The facility, which supplies parts to Chrysler, Dodge and Jeep dealers in the region, has been winding down operations since the closure last month of Chrysler’s assembly plant at the same site.

The plant’s closure, which came a year earlier than expected, resulted in the loss of more than 1,100 jobs. Chrysler also employed more than 100 at the Mopar facility, and workers there had the same options as those at the assembly plant: transfer to another Chrysler location, take a buyout package or retire.

via Mopar workers finish up in Newark | delawareonline | The News Journal.

 

* Jan. 22 (Bloomberg) — Japan’s exports plunged by a record in December, signaling companies will be forced to shut factory lines and fire more workers, driving the economy deeper into recession.

Exports plummeted 35 percent from a year earlier, the sharpest decline since 1980, the earliest year for which there is comparable data, the Finance Ministry said today in Tokyo. The December drop eclipsed a record 26.7 percent decline set the previous month. Economists predicted a 30.3 percent contraction.

via Bloomberg.com: Japan.

 

Mike: A couple days ago, National Economic Council director Lawrence Summers, said that the unemployment rate wouldn’t hit 10%.(Summers says does not see jobless topping 10 percent | Reuters )    Yet in Michigan it has already exceeded 10% and this is just the beginning of layoffs across a wide range of professions. While Michigan could be an exception to the Summers’s 10% top, it may also be a bellwether for the rest of the country. Let’s hoe that the new administration is a little more honest with the people it serves than the one that recently departed, but it’s not looking that way, yet.

Michigan’s unemployment rate hit double digits in December and rose to its highest level in a quarter century.

With employers shedding workers throughout the economy, the state’s December jobless rate jumped to 10.6% from November’s 9.6%, the state’s Department of Energy, Labor and Economic Growth said Wednesday.

via Michigan’s jobless rate hits 10.6% | Freep.com | Detroit Free Press.

 

* Nearly a year ago, Gov. Rick Perry trumpeted $90 million in savings to businesses by temporarily suspending some of the burden of paying unemployment insurance taxes — money meant to replenish the unemployment compensation trust fund.

The suspended tax was reinstated this month, but officials said it won’t be enough to bridge the gap between the $414 million the state expects to be in the fund Oct. 1 and the $861 million it’s supposed to have.

via Texas jobless fund likely to have $447 million shortfall | Houston & Texas News | Chron.com – Houston Chronicle.

 

* Faced with overwhelming financial losses during this economic crisis, more and more investors and financiers are committing suicide, now known as “econocide.” Bob Orr reports from Washington.

 

 

- Municipal News -

 

* City Manager Greg Johnson said that a code enforcement officer and a senior accountant were laid off as part of budget reductions. A vacant position for an assistant planner remains frozen.

- US and some Canada News -

 

* Amid speculation it may be close to reporting its first quarterly loss in 22 years, Santa Clara computer chip maker Intel Wednesday said it will lay off at least 5,000 employees — including an undetermined number in the Bay Area — and shut five manufacturing plants.

As part of a corporate-wide restructuring, the world biggest chip maker said it will cease plant operations in four locations — Santa Clara, Hillsboro, Ore., Penang, Malaysia and Cavite, Philippines.

via Intel to lay off 5,000, close five plants – San Jose Mercury News.

 

* ROSEAU, Minn. – Polaris Industries Inc. has cut production of its Ranger utility vehicle at its plant in Roseau and laid off more than 110 employees.

The maker of snowmobiles, ATVs and other leisure vehicles has been battered as the economy turned to recession and discretionary spending has tapered off.

via Polaris: More than 100 workers laid off.

 

* More than 50 people have been laid off at the Las Vegas Strip’s newest resort. Wynn Design and Development announced they are reducing the workforce at Encore from 129 to 76 employees.

via Las Vegas Now | Dozens Laid Off After Encore Opening.

 

* Almost three hundred people in Alberta are being laid off from steelmaker Evraz because of the slumping economy. About one hundred people are to be laid off at operations in Calgary, another seventy five are getting notice in Red Deer and one hundred and twenty will be out of work in Camrose.

via AM 770: News. Talk. Sports. – Local News .

 

* Colville Tribal Enterprise laid off 230 workers Friday from the mill that is one of Omak’s largest employers. CEO Troy Johnson says he hopes prices will rise in the spring.

The tribe’s lumber mill, Precision Pine, continues to operate with more than 120 employees.

via KPQ -Wenatchee – Omak mill closes.

 

* This is a list of 2009 Orange County layoffs. It is based on official notices filed with the state Employment Development Department, public announcements by companies and independent reporting by the Orange County Register.

via Orange County layoffs | county, orange – Money – OCRegister.com.

 

* Layoffs in the Canadian legal community are picking up steam with the announcement yesterday that Toronto-based Cassels, Brock & Blackwell let 38 support staff go, about 7% of its total workforce.

via Cassels Brock cuts staff – FP Legal Post .

 

* NEW YORK (AP) — Phillips-Van Heusen Corp., which owns the Calvin Klein, Izod and Van Heusen clothing brands, said Wednesday it will close 175 stores and lay off 400 employees due to the recession.

via The Associated Press: Phillips-Van Heusen lays off 400, shuts 175 stores.

 

* Electrolux will close its Webster City vacuum plant later this year and move roughly 85 jobs to plants in Juarez, Mexico, and El Paso, Texas, the company announced Wednesday.

via Electrolux to cut Webster City plant, 85 jobs | DesMoinesRegister.com | The Des Moines Register.

 

* Dana Corp. has laid off 60 of its hourly and salaried employees from its manufacturing plant in Humboldt.

The reductions leave a total of 225 workers at the plant, which manufactures axles for medium- and heavy-duty trucks.

via Dana Corp. lays off 60 in Humboldt | jacksonsun.com | .

 

* REGINA — Steel maker Evraz Group SA confirmed Wednesday that it has issued layoff notices to about 400 employees across Western Canada because of the slumping economy.

via -Evraz cuts 400 jobs in Western Canada

 

* Patriot Coal Corp (PCX.N) said it will idle its Remington and Black Oak mines and scale down activity at it Rocklick facility, resulting in about 400 job cuts. The US coal producer said its Remington complex mine produced 1 million tons of thermal coal in 2008, but lower mining recovery had resulted in a higher cost structure.

via UPDATE 1-Patriot Coal to close some mines, cut 400 jobs | Industries | Energy | Reuters .

 

* A big employer in our area cuts jobs again, announcing the closing of 2 more local plants on Wednesday. This time, Tyco Electronics is closing the Carlisle location in Cumberland County and the Emigsville plant in York County by the end of March.

A spokesperson for the company, Mike Ratcliff, tells CBS 21 News that 25-hundred jobs will be cut worldwide, but he won’t say how many people in our area will be out of a job. Ratcliff says the demand for the company’s products have dropped 16-to-19 percent over the last year.

via Tyco to Close 2 More Plants – CBS 21 .

 

* Woodcraft Industries Inc. in St. Cloud is the latest employer to cut employees from its staff, although it is giving little information about how many people it let go.

via Woodcraft cuts jobs, doesn’t say how many | sctimes.com | St. Cloud Times.

 

* Pineville, LA (AP) – International Paper’s Pineville Mill is temporarily laying off 180 employees. Company officials say that the Mill’s number five paper machine will go through a six-week downtime, beginning January 24th.

via KSLA News 12 Shreveport, Louisiana |More Layoffs for Pineville paper mill.

 

* Twenty-seven employees of WASHEX, a manufacturing plant that has been in Wichita Falls since 1973, were laid off Monday, according to President Bob Montgomery.

“It’s the economy. We hope to build our backlog back up and that it is a temporary situation. If the economy turns around, and we see orders, we would try to hire them back,” Montgomery said.

via Plant cites economy, slumping orders for decision : Local : Times Record News.

 

* Dana Corp. has laid off 60 of its hourly and salaried employees from its manufacturing plant in Humboldt.

The reductions leave a total of 225 workers at the plant that manufactures axles for medium- and heavy-duty trucks.

via Dana Corp. lays off 60 from plant in Humboldt | jacksonsun.com | .

 

* The Holden Arboretum will lay off more than a dozen employees to cut costs because of a sharp reduction in its endowment.

via Holden Arboretum to lay off 13 workers as endowment investments suffer – Cleveland.com.

 

* Three-dozen Jeld-Wen employees in Bend got the word Wednesday they won’t have scheduled hours for an undetermined amount of time.

via KTVZ.com Central Oregons News, Weather and Sports Leader – Jeld-Wen laying off 51 Bend workers.

 

* US firm Cooley Godward Kronish has axed 52 lawyers and 62 staff, reports The Recorder. 

The 725-lawyer firm has laid off associates, including some who had just started at the firm in the autumn, and three special counsel. The practice areas most affected by the layoffs are among those being hardest hit in the economic downturn – corporate, transactional and public securities.

via Cooley lays off 114 as cutbacks continue – Legal Week, legal news, comment, events and legal jobs.

 

* Eight people were laid off from Madison’s Clear Channel radio stations Tuesday, according to sources close to the matter.

via news: Clear Channel lays off 8 in Madison.

 

* Children’s Place Retail Stores Inc (PLCE.O) said it will cut about 350 jobs as it relocates its e-commerce business, citing lack of space at its present center.

via UPDATE 1-Children’s Place to relocate e-commerce biz, cut jobs | Markets | Markets News | Reuters .

 

* F5 Networks would cut 5 percent to 7 percent of its workforce at the end of the second quarter as part of its restructuring plan, resulting in charges of $4.5 million to $5.5 million, a company executive said in a conference call with analysts.

via UPDATE 2-F5 Networks Q1 profit up, Q2 outlook solid; to cut jobs | Industries | Autos & Transport | Reuters .

 

* BETHLEHEM | FLSmidth Inc. plans to trim its global work force by 600 workers across three locations, including local operations, in response to the economic downturn.

The exact number of local employees to be affected was not immediately clear.

CEO Christian Jepsen said Wednesday the company is identifying which positions to cut and expects to know more details by Jan. 30.

via FLSmidth Inc. to cut 600 jobs worldwide – lehighvalleylive.com.

 

* Comerica Inc (CMA.N), a large U.S. regional bank, on Thursday said it barely broke even in the fourth quarter, plans to cut 5 percent of its workforce by the end of March and will freeze salaries for higher-paid employees.

via UPDATE 1-Comerica barely breaks even, cutting jobs | Markets | Bonds News | Reuters .

 

* Bolivar — Eighty workers at the Tracker Marine plant in Bolivar will be out of work by March with the company’s decision to consolidate boat-building at its Lebanon plant, Tracker officials said.

via Tracker Marine closing plant in Bolivar | News-Leader.com | Springfield News-Leader.

 

* Harry & David’s retail store at the Bend Factory Outlets will shut by the end of next month, as the Medford-based fruit and gift basket seller has decided not to renew its lease, officials said Wednesday.

via KTVZ.com Central Oregons News, Weather and Sports Leader – Harry & David closing Bend Factory Stores outlet.

 

* NEW YORK (Reuters) – Microsoft shocked Wall Street on Thursday with disappointing results and said it would slash up to 5,000 jobs and stop offering profit forecasts for the rest of the fiscal year.

The world’s top software maker blamed the weakness of the PC market and the popularity of low-cost netbook computers for the miss. Its shares fell 8 percent in early trading.

via Microsoft to cut up to 5,000 jobs | Technology | Reuters .

 

* NEW YORK (AP) — Chemicals maker Huntsman said Thursday it will cut 1,175 jobs, close a plant in the United Kingdom and cut capital spending to slash costs as demand for its products falls amid the recession.

The job cuts, which represent more than 9 percent of its work force, are expected before the end of the year.

via The Associated Press: Huntsman to cut 1,175 jobs, close UK plant.

 

* Eaton Corp., the Cleveland-based maker of circuit breakers and fuel pumps, plans to slash 5,200 more jobs worldwide amid weak demand after already shedding 3,400 workers last year.

The two rounds of reductions represent about 10 percent of the workforce, and the company began notifying employees yesterday, spokeswoman Kelly Jasko said in a phone interview.

via Bloomberg.com: Worldwide.

 

* Update: Williams-Sonoma Inc.’s plan to cut 1,400 jobs is necessary to achieve long-term visibility and shows just how much the home furnishing sector is suffering, an analyst said Thursday.

Late Wednesday, the San Francisco company said it planned to cut the jobs by the end of the month and close a call center and a distribution center in an effort to save an estimated $75 million.

via Ahead of the Bell: Williams-Sonoma cuts jobs – Forbes.com.

 

* Jones Apparel Group Inc. announced today that it is looking for annualized cost savings of $33 million as it sheds jobs and makes other belt-tightening moves.

New York-based Jones Apparel, which has some financial offices in Bristol, Bucks County, also said it would be recommending a cut in the quarterly dividend from 14 cents to 5 cents a share, and cutting 2009 capital spending to $45 million, from about $70 million last year.

via Jones Apparel to cut jobs, trim dividend | Philadelphia Inquirer | 01/22/2009.

 

* YPSILANTI, Mich. (AP) — A Washtenaw County-based air freight and maintenance company says more work force reductions are planned.

WJRT-TV reports Kalitta Air LLC of Ypsilanti will cut an undisclosed number of positions and most will be contract employees. The cuts come on top of the roughly 200 jobs that were cut in December and will be made by month’s end.

via - Michigan air freight company plans more layoffs

 

* Comerica Inc. said this morning it plans to eliminate 570 jobs or 5% of its workforce in the first quarter and freeze the salaries of its top 20% of employees this year.

 

Though the job cuts are spread across the regional bank’s operations, many of them are expected to occur in Michigan, which has about 7,000 of Comerica’s slightly more than 10,000 workers.

via Comerica to cut workforce by 5% | Freep.com | Detroit Free Press.

 

* Barnes & Noble’s elimination of about 100 jobs at its corporate headquarters last week reportedly were due to “the reduction in store openings and consolidation of functional areas within the retail and online operations.” However, the cuts apparently have also spread to the company’s wholly-owned subsidiary, Sterling Publishing. An estimated 15 people have been cut from Sterling’s New York office.

via Authorlink.com: News Item Barnes & Noble-Job Cuts Extend-To Sterling Publishing.

 

* Digg CEO Jay Adelson this morning is announcing that the social media site is laying off a “very small” portion of its workforce, but will also be hiring a new direct sales force and head of sales to drive the company to profitablity this year.

The overall job cuts at the 75-person company will be “microscopic in size,” Adelson said to me, later confirming a figure of “about 10%.” He reiterated that Digg this year is focusing on profitability and growth, and for the first time is building out its own advertising support structure, “which we’ve never really focused on before.”

via Digg announces 10% layoffs, still aiming for profitability this year | Webware – CNET.

 

* EDMONTON – Suncor’s decision to slash capital spending will cut into as much as $185 million in revenues from two Alberta-based companies.

Flint Energy Services Ltd. said Thursday it will immediately begin laying off construction workers as the company responds to an expected loss of $100 million to $150 million in revenues this year compared to 2008.

via Suncor spending cuts lead to oilsands layoffs .

 

* HUNTINGTON, W.Va. (AP) — A manufacturer of customized rubber and plastic products has laid off 16 workers, citing the industrywide downturn as a result of the economy.

via 16 laid off at Rubberlite – The Herald Dispatch.

 

* O’Reilly Media, the technology company and Internet advocate, laid off 30 employees last week in an effort to restructure the Sebastopol-based tech publisher.

Company spokeswoman Sara Winge told the media that “We’re being hit by the economic malaise.”

via Authorlink.com: News Item O’Reilly Media-Lays Off 14%-Of Workers.

 

* ST. MARYS, Ohio — Auto supplier AAP St. Marys Corp. says it plans to lay off about 100 of its 475 workers next week.

via Ohio Auto Supplier To Lay Off 100 Workers – Automotive News Story – WEWS Cleveland.

 

* MASON CITY, Iowa — The Globe Gazette in Mason City has laid off nine full-time employees and will leave six open full- and part-time positions unfilled.

via Mason City Newspaper Cuts 15 Positions – Des Moines News Story – KCCI Des Moines.

 

* Layoffs announced by the parent company of EA Tiburon in December will be felt at the Maitland studio, according to Gamasutra, an online video game industry news and employment site.

EA officials would not comment on the layoff reports by Gamasutra.

The Web site reported “multiple staffers” have been let go at the Maitland studios, the primary home of the company’s EA Sports which produces Madden NFL, NBA Live, NCAA Football, Tiger Woods PGA Tour, NHL Hockey and NASCAR franchises.

via Online site: Layoffs at EA Tiburon – Orlando Business Journal: .

 

* San Diego-based Akesis Pharmaceuticals is calling it quits, opting to file for Chapter 7 bankruptcy after anlayzing data from its sole remaining development program.

via Akesis shutters program, files for Chapter 7 – FierceBiotech.

 

* Akron, Ohio–The recessionary economy has forced Sterling Jewelers Inc. to layoff 114 employees at its home office in Akron, Ohio, the company announced on Wednesday.

via Sales slowdown forces Sterling layoffs.

 

* The U.S. recession struck the Browns this week with 15 employees laid off, 12 receiving the news Wednesday and three Tuesday.

Economic woes were given as the reason for the layoffs, which were not performance-related. One person was let go from each of the front-office support staff departments, including the team’s legal counsel, the director of youth development, the media information director, the events and special projects manager and a staff writer for the team’s Web site.

via Ohio.com – Team blames economy for layoffs of 15 staffers .

 

* The Spartan Light Metal Products production facility in Sparta recently conducted a series of lay-offs. Actually, an extensive series of lay-offs that started in November that have gradually picked up speed.

The current action taken by Spartan Light Metal Products  has displaced approximately 170 employees at the Sparta facility.

via Spartan Light Metals lay-off 170, more possible – Chester, IL – Randolph County Herald Tribune.

 

* WAUTOMA – Cummins, Inc. announced Thursday that it will close its Wautoma plant by the end of March.

187 people will be laid off as a result of the closure. The plant makes emission control devices for the company’s diesel engines.

via Cummins closing Wautoma plant.

 

* Citing the uncertain economy, Cooley Godward Kronish LLP laid off 52 attorneys in a further sign of economic distress buffeting law firms.

via Cooley Godward lays off 114 people – Triangle Business Journal: .

 

* Circuit City Stores Inc. will eliminate as many as 1,903 positions reporting to its corporate headquarters when the retailer closes its doors for good.

About 1,500 to 1,600 of those jobs are in the Richmond area, a company spokesman said today.

via Up to 1,903 Circuit City jobs to be eliminated | Richmond Times-Dispatch.

 

* Liberty Mutual Group announces it will eliminate the Wausau brand, Thursday morning.

The company announced today that it will drop the Wausau Insurance brand, and will restructure some of it’s staffing within the Wausau offices.  Some people may lose their jobs, others have a chance to re-apply in other positions.

According to employees, they were given eight weeks notice before changes will be made.

via WAOW – Newsline 9, Wausau News, Weather & Sports – WAOW.com -Liberty Mutual Group to eliminate Wausau Insurance brand.

 

* Nokia’s (NOK) fourth-quarter results saw a steep 69% drop in net profit on the back of declining sales.

The European tech bellwether now sees industry mobile device volumes down by 10% this year. Earlier, Nokia had projected a 5% decline.

The cell phone manufacturer also reduced its dividend and stated that it will eliminate nearly 1,000 positions as part of its cost-cutting measures.

via NOK Sees Steep Fall in 4Q Profit .

* Indianapolis-based Ice Miller is eliminating about 2 percent of its staff positions. Firm spokeswoman Joy Fischer told Indiana Lawyer that the cuts will eliminate 14 positions from a variety of support areas. However, the firm is not cutting attorney positions. She could not be reached for further comment on Tuesday.

via Law.com – Ice Miller Latest Law Firm to Cut Staff Positions .

 

* To meet state budget restrictions, Kansas University will eliminate 11 currently filled jobs and not fill 110 open positions on its Lawrence campus.

via LJWorld.com / KU eliminating 11 jobs and not filling 110 open positions.

 

* Interstate Hotels & Resorts has laid off 45 of its corporate employees as part of a cost-saving program.

The Arlington-based hotel real estate investor and management company (NYSE:IHR) said most of the cuts were made at its headquarters, which previously employed 225 people.

via Interstate Hotels & Resorts lays off 45 – Washington Business Journal: .

 

* Citing a drop in demand for its tires, Bridgestone Americas Inc. said today it plans to lay off about 644 more employees at its La Vergne manufacturing plant starting in mid-March.

About 385 of the cuts are related to the company permanently ceasing production of tires for cars, pickups and SUVs. Another 259 workers who make tires for commercial trucks and buses also will be temporarily laid off and could be called back in the future.

via Bridgestone cutting 644 jobs in La Vergne | www.tennessean.com | The Tennessean.

 

* Despite having just posted a solid year of sales and operating profits, East Hartford-based Pratt & Whitney plans to cut 150 hourly workers from its payrolls through buyouts and layoffs by Monday, company and union officials said today.

via Pratt cutting 150 hourly workers, 100 in CT | Hartford Business.

 

* EA Lays off Hundreds at Black Box Today

By Brian Crecente, 1:00 PM on Thu Jan 22 2009, 5,992 views

Electronic Arts today laid off as many as 150 to 200 people today as part of the company’s ongoing cut backs announced back in December, sources tell Kotaku.

These latest rumors come on the heels of word that there was a company-wide meeting today held at EA Canada to discuss the current state of the industry and the future of the company.

via Disturbance In The Workforce: EA Lays off Hundreds at Black Box Today.

 

* Angus-Palm Industries, which has two local manufacturing plants, has placed most of its workers on a four-day week in reaction to the nation’s recession, according to Jay Roths, the company’s general manager here.

He said that Angus-Palm also has laid off about 20 percent — or about 84 workers — from among the 420 personnel it employed here last summer, leaving it with about 336 employees.

via The Greeneville Sun – News Story – Angus-Palm Lays Off 20% Of Workers, Goes To 4-Day Week.

 

* Oregon Health & Science University will eliminate up to 8 percent of its 12,400 jobs as it comes to grips with a funding gap estimated between $30 million and $35 million.

OHSU President Joe Robertson told staff on thursday that the financial situation will result in the loss of at least 500 jobs and as many as 1,000.

via OHSU may cut 1,000 jobs – Portland Business Journal: .

 

* Fuel prices caused the parent company of United Airlines to lose $5.35 billion in 2008, and the airline will cut 1,000 additional jobs by the end of 2009.

via United Airlines parent loses $5B, will cut 1,000 jobs – Wichita Business Journal: .

 

* DETROIT (AP) — The worsening U.S. auto sales slump claimed another 2,000 workers Friday as General Motors Corp. announced layoffs at three more car factories.

The company said it will cut shifts at car factories in Lordstown, Ohio; Orion Township, Mich.; and Oshawa, Ontario, starting in February due to slowing demand for their products.

via GM to lay off 2,000 more workers at 3 factories – Yahoo! Finance.

 


- International News -

 

* MANILA (AFP) — Up to 60,000 jobs could be lost in the Philippines’ key electronics sector after Intel Corp. shut a facility and Texas Instruments announced a number of lay-offs, an official said Thursday.

Intel, the world’s biggest computer chip maker, announced plans Wednesday to close plants in Malaysia, the Philippines and the United States, with the loss of 1,800 jobs in its assembly test facility in Cavite province south of Manila.

via AFP: Philippines fears 60,000 IT job losses after Intel shutdown.

 

* Australia largest industrial property investment trust, Goodman Group Ltd, has reported that it will cut up to 175 jobs, around 16.5 per cent of its headcount, as part of plans to target a 20 per cent reduction in overheads on an annualised basis.

via Business Spectator – Goodman Group to cut up to 175 jobs.

 

* As many as 500 jobs could go at London Metropolitan University as the university faces a clawback of more than £50 million of funding – according to the lecturers’ trade union.

via Times Higher Education – London Met may cut 500 jobs, UCU claims.

 

* Jan. 22 (Bloomberg) — UBS AG, Switzerland’s largest bank, is planning a fourth round of job cuts at its securities division to shrink the fixed-income unit after record losses from the global financial crisis.

The Zurich-based bank will exit its real estate and securitization and exotic structured products businesses, Carsten Kengeter and Jeff Mayer, co-heads of fixed income, currencies and commodities, said in a memo dated Jan. 21.

via Bloomberg.com: Worldwide.

 

* Sony said Thursday it plans to cut another 1,000 temporary workers in Japan and close one of two domestic TV plants.

Sony also will offer early retirement packages to its regular, full-time workers in an effort to cut 30 percent of its personnel costs in its TV business by March 2010. It refused to give a head count but said they are part of the 8,000 job cuts announced earlier.

via Sony forecasts first annual net loss in 14 years – Yahoo! Finance.

 

* OC Oerlikon Corp., the world’s biggest maker of spinning machines, is eliminating more than 2,000 jobs, adding temporary workers to a job-cut program designed to counter a textile and automotive slowdown.

Oerlikon began cutting more than 1,000 jobs last year. Most of the total reduction will be completed by the end of the first quarter, spokesman Burkhard Boendel said today in an interview. More details will be provided soon, he said.

via Bloomberg.com: Europe.

 

* The Home Delivery Network (HDNL) is planning to slash nearly 700 jobs across its business as it looks to cut costs and make efficiency savings.

via Home Delivery Network to cut almost 700 jobs – 22/01/2009 – RoadTransport.com.

 

^ Amsterdam — TomTom will cut 115 jobs, reducing its global workforce by seven percent, excluding Tele Atlas, as a result of the current economy.

The job cuts are part of a “cost cutting program aimed at aligning its cost structure to reflect to the current challenging consumer spending environment,” TomTom said in a statement.

via TomTom Cuts Jobs – 1/22/2009 9:18:00 AM – TWICE.

 

- Hiring News -

 

* A motorsports engine product manufacturer will add 55 new jobs at its Aberdeen plant after closing a facility in Tijuana, Mexico.

Gov. Haley Barbour and state and local officials gathered Wednesday to announce the new jobs at the Holley Performance Products plant. The Aberdeen facility and the Mexico plant both made Flow Tech Headers and the company decided to consolidate production.

via WREG-TV Memphis – Holley Performance to add 55 new jobs in Aberdeen.

 

* Syracuse, New York (WSYR-TV) – While many places are cutting back, the U.S. Census is adding on, looking to hire 700 people here in central New York — and the starting pay is good, at more than $12 an hour.

Needless to say, the positions are filling up fast.

via Local U.S. Census Bureau hiring; positions filling fast – NewsChannel 9 WSYR .

 

* Tampa-based HomeBanc (www.homebanc.com) and its parent company HomeBancorp, Inc., which has plans to hire 15-25 new employees to help process and underwrite the strong volume of mortgage applications expected in the months ahead. The new hires will double the size of HomeBanc’s residential mortgage staff.

 

Mike: A dramatic day for job loss announcements that started with Microsoft and its 5000 layoffs and ending with UAL and 1000 less jobs. The unemployment numbers came in worse than expected at 589,000 claims and housing starts are at record lows. Needless for me to say, it was a bad day all around in the economic department. I don’t thin tomorrow will be able to match today’s brutal layoff numbers, at least I hope not. 

- It will be vital that the Obama administration try to stop the job loss bleeding by at minimum lengthening the eligible weeks that those laid off can collect benefits and to make those benefits tax free. Another suggestion is to allow benefits to those that performed contract work  and part-time workers. Once the economy gets back on its feet, those changes can be  reversed, but it’s imperative that unemployment benefits allow those who lost jobs through no fault of their own to at least know that have a small check coming in each week. Some will argue that it becomes more of a welfare benefit than a true unemployment benefit, I would say that these are unprecedented times and that deserves unprecedented responses. If the big dogs at the big banks can continue to draw unworldly salaries at the taxpayer expense, even after driving their companies and the world economy into the ground, the laid off worker should be able to get through these difficult and troubling times with a small sense of security. Oh, and then make sue the culprits of this economic crime are brought to justice, but that’s a rant for later.

I wish you all a good evening and till tomorrow, I’ll end with a laugh or two………

 

more about “President Yo-Yo Ma | January 21st | C…“, posted with vodpod

 

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Mike Luckovich - Jan 22

Mike Luckovich - Jan 22

 

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