Archive Page 12

January 14 – 4000 gone at Motorola – Pink slips for 500 at Oracle – Microsoft/IBM/ layoff rumors – Mount Carmel cuts 300 – Neiman Marcus exits 375 – Jaguar dismisses 450 in UK – Barclays axes another 2000 – bon voyage to 800 at Air Canada – Seagate deletes 2950 – Reebok runs out 300 – Plantronics -18% – 1000 done at Ecolab

Mike: Good day to all.

- One of my pet peeves remains the rather quiet ride that the MSM is giving upcoming congressional pay raises. Congress enacted law that raises their salary automatically indexed for inflation – a COLA (cost of living allowance) increase. I personally don’t believe that they deserve any raise whatsoever, since they are the stewards of this sinking financial ship and all it’s job losses.

Congress oversaw all the housing/banking/financial corruption  and dishonesty while sitting back and doing nothing to prevent those abuses. They readily accepted campaign contributions from the same culprits that created this mess and was complicit in ignoring and often willingly assisted the current financial carnage. Let me list a couple ways that congress acted irresponsibly:

- Congress shouldn’t accept a raise until they perform their duties in a competent manner. Stupidity, ignorance, greed, befriending lobbyists at the expense of constituents, and endless campaigning are not reasons to be receiving pay raises. There are a few honest politicians who take their jobs seriously and are quite capable, but as Henry Kissinger put so aptly, “Ninety percent of politicians give the other ten percent a bad reputation.”
- Visit DOES CONGRESS DESERVE A PAY RAISE? and voice your opinion by filling out the simple form letter

 

- There is some action pressure mounting to stop these automatic raises and let’s hope the voices get louder:

* With Congress under fire for accepting a pay raise while many Americans are getting pink slips, momentum is building to nix the automatic pay hike for 2010.

Angry feedback from constituents could push the issue to a vote this year, according to taxpayer watchdog groups and supporters of legislation introduced in the House last week.

via Irate taxpayers may put Congress’ COLA on ice – PittsburghLIVE.com .

 

- Thanks for listening. Onto today’s layoff news:

 

 

 

Microsoft/Google/IBM News & Rumors -

 

 

* A wild news day for tech stocks, with Sony posting its first quarterly loss in 14 years and rumors running rampant that Microsoft will start laying off employees after all.

A week or so ago, Microsoft issued a statement saying that the company would avoid layoffs, and would instead focus on cutting back on contractors and not replacing employees who left the company. So much for that, apparently. But we’ll know for sure by January 22, the date of Microsoft’s next earnings call.

via Layoffs at Microsoft After All? Apple Weathers the Storm.

 

* Did SAP & Oracle cut loose staff?

There have been a number of web sites reporting planned or executed layoffs at various software firms. Some of the rumored layoffs are supposed to occur at venerable firms like SAP, Oracle, Infor and others.

via Layoffs at large software firms – Fact or Fiction? | Software & Services Safari | ZDNet.com .

 

* Tomb Raider: Underworld’s lackluster performance has left Eidos smarting. Earlier this week, the British publisher revealed that sales of the game, while respectable at 1.5 million units worldwide, failed to live up to the company’s internal expectations. As a result of the lackluster sales, Eidos said it would be trimming its full-year revenue forecast by £20 million ($30.39 million).

The game’s performance has apparently negatively impacted developer Crystal Dynamics. Over the weekend, Joystiq received word that the Redwood City, California-based developer served approximately 30 staffers their walking papers on Friday.

via Tomb Raider dev trimmed, makeover planned? – News at GameSpot.

 

* When economist Jeff Carr builds his economic forecast for the state, he estimates how many jobs the state will lose. Carr makes a special estimate for Vermont’s largest manufacturer, IBM.

He projects the Essex Junction semiconductor plant will lay off 400 workers a year over the next five years. “I don’t know if that’s enough. That was before the latest rumors,” he cautioned Tuesday.

via Economist forecasts IBM layoffs | burlingtonfreepress.com | The Burlington Free Press.

 

* Telecom company Nortel Networks Corp. could be set to file for bankruptcy protection as early as Wednesday morning.

The board of directors of North America’s largest telecom equipment maker met in Toronto Tuesday night to discuss the company’s limited financial options.

via Nortel may be poised to file for bankruptcy protection.

 

* Motorola’s (MOT) cellphone division layoffs are set to start today, Phone Scoop editor Eric Zeman says on Twitter.

“According to some DM’s I got from Motorola peeps, the layoffs are happening today. Keep an eye out for announcements via WSJ, Reuters, et al”

via Motorola Layoffs Underway? (MOT).

 

* 9:40 AM — It seems there’s more dire device business news to come from Motorola Inc. (NYSE: MOT – message board) in 2009. Speculation is mounting that Motorola is set to announce later this week major cost cutting measures, including more layoffs in its struggling handset division.

via Unstrung – More Moto Cuts Rumored – Wireless Bits.

 

* NEW YORK, Jan 13 (Reuters) – Motorola Inc (MOT.N) is expected to make steep cost cuts, including more layoffs, at its mobile devices division as a broad slump in demand for cell phones exacerbates its own market share declines.

With even market leader Nokia (NOK1V.HE) warning about weakening phone demand, analysts say Motorola could miss Wall Street’s already low expectations for phone sales in the fourth quarter and the current quarter.

via Motorola cutting more jobs as phone sales fall | Reuters .

 

- General Economic News -

 

* WASHINGTON (AP) — Retail sales plunged far more than expected in December, a record sixth straight monthly decline as consumers were battered by a recession, a severe credit crisis and soaring job losses, none of which are likely to ease anytime soon.

The Commerce Department reported Wednesday that retail sales dropped 2.7 percent last month, more than double the 1.2 percent decline that Wall Street expected.

via Retail sales plummet 2.7 percent in December – Yahoo! Finance.

 

Mike: Below is another optimistic report from the feds who have to come out with optimistic reports to calm the public. His determination that unemployment won’t reach double digits is one of those rose-colored-glasses scenarios. He fails to say that the unemployment rate is calculated differently than it was in the 1980s as discouraged workers are no longer counted in today’s unemployment figures. As a result, the true unemployment figure today is already greater than 10% as shown in the graph that follows:

 Chart of U.S. Unemployment

Mike: According to  Shadow Government Statistics   “The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated “discouraged workers” defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment.” So the following fed statement is false if you are comparing 1980′s and 2000′s unemployment numbers. Why they continue to twist the truth and confuse the matter is something I find disheartening, if not disturbing.

 

* NEWARK, Del. (AP) — The president of the Federal Reserve Bank of Philadelphia expects the economy to slowly start recovering in the second half of 2009 and inflation to remain below 2 percent over the next year.

In a speech Wednesday at the University of Delaware, Charles Plosser also said that the unemployment rate probably won’t drop anytime soon, but that he doesn’t expect it to rise to double digits, as it did during the recession of the early 1980s.

via Fed official expects start of recovery in 2nd half – Yahoo! Finance.

 

* Yet another ignominious statistic to close out the nation’s decade of descent. The United States now has 3.8 job seekers for every job vacancy, the U.S. Labor Department’s Bureau of Labor Statistics announced Tuesday.

What’s more, the 3.8 job seeker stat in November 2008 is more than double the 1.8 job seekers per job vacancy stat recorded a year ago, in November 2007. The nation had 3.4 job seekers per vacancy in the previous month, October 2008.

via U.S. now has 3.8 job seekers for every job vacancy – BloggingStocks.

 

* WASHINGTON — After years of record highs, the trade gap has taken a dive. It’s a bit of good news on the surface, but it happened for a bad reason: A severe recession has sharply cut U.S. demand for foreign-made goods.

The deficit for November plunged by 28.7 percent to $40.4 billion, the Commerce Department reported Tuesday. That was the lowest monthly trade gap in five years and a far bigger improvement than economists had been expecting.

via Meltdown 101: A lower trade gap isn’t always good.

 

* A tidal wave of discontent threatens China

The most famous Chinese dissident predicts the Government will be trapped between the angry poor and the powerful rich

Wei Jingsheng

The whole world is suffering from an economic crisis. Some in the West, like a desperate drowning man clutching at a straw, have said the Chinese Government has a lot of money, let us beg them to save us from the crisis. But they do not realise that the Government in Beijing does not know how to save itself.

China has a $2 trillion foreign currency reserve but it also suffers from a huge disparity between the rich and poor: while 0.4 per cent of the people hold 70 per cent of the wealth of the country, a fifth of the population – more than 300 million Chinese – have daily incomes of less than one dollar. This extreme concentration of wealth is a serious problem for the Chinese Government and threatens its grip on power.

via A tidal wave of discontent threatens China | Wei Jingsheng – Times Online .

 

* The 25 strongest housing markets in America

 

 

- Municipal News -

 

 

* The governor also proposes eliminating the Kansas Technology Enterprise Corp and Kansas Inc, which would mean the loss of 21 jobs total in 2010. Those positions would be absorbed by Commerce.

A 14-week, or seven pay period, moratorium on payments into the state employee health plan would free up $23.7 million. Goossen said there is enough money in the health plan fund that suspending the payments would not affect current health benefits of state employees.

A number of tax cuts planned for FY 2010 would be suspended indefinitely.

via State Agencies Asked to Sacrifice to Make Up Budget Deficit .

 

* SARASOTA COUNTY – School Board members will be asked today to move forward with $31 million in budget cuts, some of which will have a dramatic impact on how students learn in Sarasota classrooms.

The proposals include eliminating 43 data and literacy coaches and cutting the high school block schedule — both core pieces of the district’s Next Generation strategic plan to help keep struggling students from falling behind.

via Sarasota schools look at painful choices today | HeraldTribune.com | Southwest Florida’s Information Leader.

 

* Los Angeles Unified school board members voted Tuesday to send layoff notices to about 2,300 teachers, although the district superintendent said the move might not lead to layoffs if more money can be found.

Beginning this week, about a third of the teachers who have been with the district for two years or less will receive notice that they could be laid off within two weeks.

via L.A. school board approves teacher layoffs – ContraCostaTimes.com.

 

* LODI – The Lodi Unified Board of Trustees made its first round of teacher layoffs Tuesday night and heard reports on how district office staff could be reduced mightily in the coming months to help bridge a $20 million budget shortfall and declining enrollment.

With a 7-0 vote, trustees opted to lay off six temporary elementary teacher positions and eliminate 120 percent contracts for high school instructors who work through their daily preparatory periods

via Recordnet.com: Lodi Unified makes first round of teacher layoffs.

 

* TUSCALOOSA | The Tuscaloosa County Schools notified 71 employees Tuesday that their jobs would be eliminated in two weeks, part of more than $8 million in budget reductions that will be implemented as quickly as possible.

via Board cuts 71 county school jobs | TuscaloosaNews.com | The Tuscaloosa News | Tuscaloosa, AL.

 

* About 180 longtime St. Paul city workers will be asked to retire voluntarily before the end of the month as Mayor Chris Coleman attempts to reduce costs.

Officials will roll out the plan this morning at a City Council Budget Committee meeting in City Hall.

The administration also will continue its hiring freeze, encourage workers to voluntarily reduce their hours or take unpaid leaves, reduce overtime and freeze the wages of nonunion workers, including Coleman.

via St. Paul / City will ask 180 workers to retire – TwinCities.com.

 

* Visalia, CA, USA (KFSN) — Tulare County Supervisors voted to lay off more than two hundred people, and close two clinics. It’s part of the board’s plan to bridge a two-point-four million dollar budget deficit.

Dozens showed up to Tuesdays Board of Supervisors meeting angry that the county couldn’t find another way to save money that didn’t include closing the two clinics. But supervisors hope a local hospital can still provide the same services.

via 225 Job Cuts, 2 Clinics Close in Tulare County – 1/13/09 – Fresno News – abc30.com.

 

 

- US and some Canada News -


 

* TRENTON, Maine (AP) — A luxury yacht maker that laid off 49 workers in October now says that 25 more employees at its production facility in Trenton are being let go.

via Maine yacht maker announces more layoffs – Fosters.

 

* Nacogdoches, TX (KTRE) – Pilgrim’s Pride has announced that 450 employees will be laid off from the Nacogdoches Plant.  Company spokesman Ray Atkinson tells KTRE’s East Texas News that the employees were notified last week.  Two-hundred-fifty of the positions are temporary, and roughly 100 have been there less than 90 days.  Many of those who will lose their job will be able to find employment in the Lufkin plant.  And, according to Atkinson, others will be given the opportunity to work at other plants around Texas.

via KTRE.com Lufkin and Nacogdoches |Pilgrim’s Pride layoffs in Nacogdoches.

 

* Bank of America Corp. will lay off 139 employees in Ballantyne, according to a filing with the N.C. Department of Commerce.

The jobs will be cut by March 10. Eligible employees will be offered severance.

via BofA cuts 139 jobs in Ballantyne – Charlotte Business Journal: .

 

Mike: An excellent discussion of the Pfizer layoffs can be found at the link below:

 

* Pfizer’s made an announcement about the dimensions of its research cuts – 5 to 8%, which means about 500 to 800 scientists this year. These are (for the most part, I presume) the “not in our current research areas” people from the company’s recent re-work of their therapeutic areas.

via More on Pfizer’s Layoffs. In the Pipeline: .

 

* CHEYENNE (WTE) –About 66 Cheyenne workers were laid off from Sierra Trading Post here Monday.

An additional 18 were laid off in Cody and Boise, Idaho, making for a total of about 10 percent of the company’s workforce.

via Wyoming Tribune Eagle Online : Sierra Trading Post announces layoffs.

 

* GE Transportation, which has hired nearly 2,000 people in the past five years, could be poised to let some of them go.

“Given the brutal economic environment, there is a high probability of layoffs,” company spokesman Stephan Koller said Monday.

Just last week, the company temporarily furloughed 35 people due to a lack of work.

via GoErie.com: GE warns of layoffs.

 

* Pfizer is cutting 556 sales reps in Italy and about 800 researchers across its R&D divisions worldwide. The moves were expected, as Pfizer braces for a round of cuts at the end of January as part of CEO Jeff Kindler’s plan to ax $2 billion from its cost structure. (Read BNET’s back-story on Pfizer’s layoff plans here.)

via Pfizer Layoffs: 556 Reps; 800 R&D Staff | BNET Pharma Blog | BNET.

 

* YADKINVILLE, N.C. — Around 20 employees at the Yadkinville Unifi plant will be losing their jobs due to a company shift restructuring, Unifi spokesman Ron Smith said.

via 20 Yadkinville Unifi Employees Laid Off – Winston-Salem News Story – WXII The Triad.

 

* GreenFiber LLC announced it is closing its Sacramento, Calif., insulation plant. The company, headquartered in Charlotte, N.C., will service customers in California from its facilities in Salt Lake City, Utah and Phoenix.

via Storage & Destruction Business Magazine :: News :: GreenFiber Closing Sacramento Plant.

 

* NEW YORK (MarketWatch) — Sunoco Inc. said Tuesday that it will close a polypropylene manufacturing facility in Bayport, Texas, by April 30. The Philadelphia-based petroleum-refining company said its three other polypropylene facilities will assume part of Bayport’s production.

via Sunoco to close Texas facility – MarketWatch .

 

* Anderson business Pre-Employ.com laid off about 10 employees Jan. 1 in positions that were found to be redundant after a business acquisition and internal reorganization, according to Pre-Employ.com C.E.O. Robert Mather.

via Pre-Employ.com lays off many after aquiring Redding business : Anderson : Anderson Valley Post.

 

* We’re hearing that some on- and off-air talent at KGO Radio are being let go.

They are, we’re told by an inside source: Anchor Gregg Jarrett, East Bay reporter Greg Edmonds, producer Harry Hall, internet producer David Rich; and Sue Ostrom, general manager Mickey Luckoff’s secretary of 41 years.

via The Bottom Line.

 

* In a meeting with employees yesterday, Old Salem said it will lay off workers and change the way it tells its story to tourists.

The museum will trim its staff from 120 to 95 full-time workers and from 103 to 79 part-time workers through voluntary retirements and layoffs, said Lee French, the president of Old Salem Inc.

via Old Salem plans layoffs to cut costs.

 

* SAN FRANCISCO (MarketWatch) — Server and storage technology company Rackable Systems Inc. said late Tuesday it has reduced its expectations for its financial results for 2008, helping send its shares nearly 10% lower in late trading.

via Rackable Systems cuts ’08 view, and employees – MarketWatch .

 

* TACOMA, Wash. —KeyBank’s call center in Tacoma is being closed, and bank officials say 200 workers face layoffs this year.

The Cleveland-based bank’s regional president, Tom Spilman, tells The News Tribune hr spoke with the affected employees Tuesday. Spillman says other call center jobs will be available to them in Cleveland or Buffalo, N.Y., and other kinds of jobs may be available in the Puget Sound area

via Local News | KeyBank national call center in Tacoma to close | Seattle Times Newspaper.

 

* After cutbacks this fall, an additional 13 employees of Midwest Grain Company in Pekin were laid off Tuesday. That’s according to their union president.

via More Layoffs at midwest Grain | WEEK News 25 | Local News .

 

* A major Sarnia engineering firm is laying off 10 per cent of its workforce.

Colt Engineering’s 330 member staff is being reduced by 30 to 40.

via Bayshore Broadcasting Corporation.

 

* MARSHALL, Minn. — The Schwan Food Co. is cutting more jobs, citing the need to stay competitive in the frozen food industry during challenging economic times.

The Marshall-based company announced it’s second group of layoffs in the last four months. The company cut 52 jobs.

via MyFox Twin Cities | Schwan Food Co. Announces 2nd Group of Layoffs.

 

* NEW YORK, Jan 13 (Reuters) – Oracle Corp. has trimmed its workforce, but not as much as some people had speculated, The Wall Street Journal reported on Tuesday.

Citing people familiar with the matter, the newspaper said the software giant cut around 500 positions in its North American sales and consulting businesses on Friday.

via Software giant Oracle cuts 500 jobs — Wall St Journal | Markets | Markets News | Reuters .

 

* Officials with the Cajundome announced a 20% deficit reduction plan, that unfortunately calls for the elimination of jobs.

Cajun Dome Director Gregory Davis, tells TV 10 a number of factors, including the national economy and the newly required sales tax is to blame for the one million dollar deficit in their five million dollar budget.

via KLFY TV 10 – Acadiana’s Local News, Weather and Sports Leader | Cajundome Announces Job Cuts.

 

* Topeka-based Security Benefit is cutting 120 jobs.

The move is part of part of several the company announced Tuesday in light of current market conditions. They’re also keeping associate salaries flat, reducing compensation for key officers and eliminating non-essential operating expenses.

via Security Benefit Cutting 120 Jobs .

 

* Announcements were made Tuesday January 13th that as many as sixteen employees will be getting pink slips. The cuts cross a wide array of services: eight directors of ministries, from hispanic ministries to religious education to social justice and others. In addition eight more part time workers on staff will be axed.

Father Robert Siler is a spokesman for the diocese. Siler says the church’s funds are way off: “We knew that our investment fund had suffered a loss over the last fiscal year and of course the economy has just gotten worse over the last six months,” he says.

via Job Cuts At Yakima Catholic Diocese | KIMA CBS 29 – News, Weather and Sports – Yakima, WA – Yakima, Washington 29 | News .

 

* In past economic downturns, many people have applied for jobs at hospitals because health care had been considered recession-proof.

But this downturn is not like others, and one Columbus hospital system has announced job cuts as the others tighten their belts.

Mount Carmel Health System announced today that it will eliminate 300 positions from its payroll. The cuts include an unspecified number of layoffs.

via The Columbus Dispatch : Mount Carmel announces 300 job cuts.

 

* Neiman Marcus Inc. is laying off about 375 employees this week across all divisions, including Neiman’s stores, Bergdorf Goodman and NM Direct.

The reduction in the luxury retailer’s 16,000 employees is the result of an efficiency review that started several months ago, said Ginger Reeder, a company spokeswoman.

via Neiman’s Trimming 375 Jobs – Business News – WWD.com.

 

* DUBUQUE, Iowa – Deere & Co. is announcing more layoffs at its Dubuque plant.

John Deere Dubuque Works says it will indefinitely layoff another 40 people as a result of economic conditions. The company announced the move on Tuesday and says the job cuts are effective Feb. 9.

via Deere & Co. announces layoffs at Dubuque site — chicagotribune.com.

 

* Florida Tile underwent a consolidation last month in response to the U.S. economic downturn, Zerbini said. Ten positions were cut from Lakeland’s operations, leaving about 60 employees. In total, 30 positions were cut companywide.

 

* VENICE – PGT Inc. laid off another 150 people in the face of the downturn in Florida’s home building industry.

The latest round leaves the Venice-based maker of hurricane-resistant windows and doors with a work force of 1,350, down 44 percent from its peak.

via PGT cuts 150 jobs at plants | HeraldTribune.com | Southwest Florida’s Information Leader.

 

more about “HeraldTribune.com | Southwest Florida…“, posted with vodpod
* One of Minot`s largest employers is starting to feel the hit of the national economy.

The financial services company ING will be cutting jobs throughout the nation, in light of the current economic situation.

750 people nationally will be let go, but just a fraction of that will come from the Minot office.

18 to 20 people in Minot will be let go.

Minot`s ING currently employs about 900 people.

via KFYR-TV North Dakota’s NBC News Leader.

 

* ING Group will lay off 750 employees in the U.S., including 96 in the Hartford area, as the Dutch financial services company

trims expenses in a recession that has taken a heavy toll on the stock market and property values.

via ING To Cut 96 Jobs In Hartford Area — Courant.com.

 

* Heil officials said Tuesday it will lay off about 100 people this week at its Fort Payne plant.

Officials said the layoffs are due to cities’ budget cuts and the postponement of some planned capital equipment purchases both nationally and globally. The decision comes as the refuse collection vehicle manufacturer looks to reduce costs.

via The Times-Journal.

 

* Another valley business says it’s going to have to lay off some of its employees due to the economy. Up to 90 employees at American Standard in Salem will be out of a job this coming Monday.

via American Standard Announces Layoffs – 33 News – We Believe in This Valley .

 

* SOLOMON — Cutting 16 jobs isn’t huge when the payroll exceeds 500, Katie Platten said, but it’s enormous if you’re one of the 16 cut Monday at Solomon Corp.

“It was a very hard day, one of those days where it’s not very fun to own a company. It is painful,” said Platten, who owns Solomon Corp. with her four brothers, Tom, Matt, Phil and Joe Hemmer.

via salina.com – an online service of the Salina Journal.

 

* WATERLOO, Iowa – Wheaton Franciscan Healthcare-Iowa plans to eliminate about 80 full-time, non-clinical positions over the next year

because of worsening national economic conditions.

via Wheaton Franciscan Healthcare t0 cut 80 jobs — chicagotribune.com.

 

* Sonus Networks, Inc. (SONS: News ) on Tuesday announced a restructuring initiative to further reduce its workforce by about 40 people,

or 4% of employees worldwide.

via RTTNews – Quick facts Articles, Positive EPS Surprises, News Analysis, Earnings, Audio News…. .

 

* Continental AG expects to cut about 10% of its North American workforce this year, as the supplier reduces its costs to meet lower production

volumes and continues to integrate the operations of automotive electronics maker Siemens VDO.

The North American arm of Continental — a German supplier that makes engine components, safety systems, tires and electronics —

is based in Auburn Hills.

via German supplier Continental to cut jobs | Freep.com | Detroit Free Press.

 

* Lowe’s Cos. Inc. will cut 31 jobs at the end of January, including 17 in Wilkesboro.

via Lowe’s to cut 31 jobs – The Business Journal of the Greater Triad Area: .

 

* (RTTNews) -  Tuesday, biopharmaceutical company GeoPharma Inc. (GORX: News ) said it plans to consolidate distribution operations,

reduce head count and lower SG&A, as a part of its strategic restructuring plan to improve financial performance.

via RTTNews – Breaking News, financial breaking News, Positive EPS Surprises, Stock research …. .

 

* Fenner Plc (FENR.L) said on Wednesday it would cut 290 jobs to reduce costs in some markets experiencing weaker demand, and reported satisfactory first-quarter trading that was ahead of last year.

via UPDATE 1-Fenner says to cut 290 jobs, Q1 trading satisfactory | Industries | Industrials, Materials & Utilities | Reuters .

 

* SACRAMENTO, Calif.—J.C. Penney says it will close its call center in the Sacramento suburb of Carmichael, eliminating 260 jobs.

via J.C. Penney to close Sacramento-area call center – San Jose Mercury News.

 

* DECATUR – Everything goes, including Tommy, the resident cat.

Ryan Equipment and Supply, selling and renting equipment and supplies for the food industry and janitorial industry for 39 years, is closing Friday, Jan. 16.

There’s a ground floor showroom and three floors of items, 32,000 is Wally Ryan’s guess, in the huge building at 805 N. Morgan St. “It’s the only business of its kind in Decatur,” Ryan explains.

via Herald & Review Archives | Life: After 39 years, Ryan Equipment prepares to close up shop.

 

* SAN FRANCISCO (AP) — Retailer Gottschalks Inc. says it put itself up for sale and has filed to reorganize in a Chapter 11 bankruptcy.

The regional department store chain has negotiated a $125 million debtor-in-possession financing from a group of lenders led by GE Capital, it

said in a statement Wednesday. The financing, if approved in bankruptcy court, will fund its employee wages and benefits, some vendor payments

and other operating expenses while it reorganizes.

via Gottschalks files for Chapter 11 protection – Yahoo! Finance.

 

* January 14, 2009 09:09 AM – More than 800 members of the Canadian Auto Workers union will lose their jobs as part of a new collective agreement reached with Air Canada.

via Canada’s air carrier slashes 800 jobs – The Mississauga News – Mississauga.com .

 

* A union leader said Tuesday that Mercy Health Partners officials reneged on a 2008 pledge to keep layoffs to a minimum when they announced plans earlier this week to cut 31 nursing jobs.

via More staff cuts expected at Muskegon’s Mercy Hospital – MLive.com.

 

* Hill-Rom Co. said Wednesday it will combine some operations and cut 450 jobs in response to softening demand for its products.

The medical products company said it posted revenue of $350 million, up 2.6 percent, for its fiscal first quarter. It will report complete first-quarter results Feb. 5.

via Hill-Rom to consolidate, cut jobs – Business Courier of Cincinnati: .

 

* Lakeside Steel Inc. (TSX-V:LS) says it is laying off up to 61 hourly employees at its manufacturing site in Welland, Ont.

The company, which also laid off 40 employees in December, says the move is being made to contain costs in declining markets.

via Lakeside Steel Inc. in Welland announces more layoffs – The Sault Star – Ontario, CA .

 

* WHEELING – The recession has hit the local newspaper business.

Workers confirm they were called into the office at the Ogden downtown location on Tuesday and notified by newspaper management their jobs were eliminated.

via - Layoffs at Ogden Newspaper

 

* Newell Rubbermaid Inc. plans to cut 75 jobs from its manufacturing facility in the south-central Kansas town of Winfield as it copes with the global economic downturn.

Employees learned of the layoffs Monday, and the Atlanta-based company announced them publicly Tuesday.

via Kansas Rubbermaid plant announces 75 job cuts – Forbes.com.

 

* About 150 people are no longer working for Nabors Drilling USA in Williston as falling oil prices have produced layoffs that are likely to expand.

“There will be more layoffs,” said Scott Reid, Nabors’ district manager.

via Williston Herald – Online Edition.

 

* POINT TUPPER — Upwards of 40 workers could be laid off as one of the two paper machines at the NewPage mill in Point Tupper shuts down for a week, a union official says. Ronnie Beaton, president of the Communications, Energy and Paperworkers Local 972, said that word came from a meeting between the union and NewPage Port Hawkesbury management Tuesday morning. A more precise number of those who will be laid off during the shutdown won’t be known until later in the week, however.

via The Nova Scotia Business Journal: Daily Business Buzz | Point Tupper mill shutdown could bring 40+ layoffs.

 

* CASPER, Wyo. (AP) – Casper Star-Tribune Communications has announced that it’s laying off 15 employees to cut costs in response to the economic downturn.

via LocalNews8.com Idaho Falls, Pocatello – Weather, News, Sports – Casper Star-Tribune lays off 15.

 

* Gannett Inc., struggling with falling advertising revenue at its newspapers, is making almost all employees, from part-time and hourly workers all the way up to Chief Executive Officer Craig Dubow take one week of unpaid leave this quarter.

via Gannett orders companywide furloughs – Washington Business Journal: .

 

* Seagate (STX), which earlier this week pushed out CEO Bill Watkins and announced a 10% cut in its U.S. workforce, this morning disclosed that it will cut its global staff by 2,950 people, or about 6% of its total headcount. The announcement includes the previously announced U.S. job cuts.

via Tech Trader Daily – Barron’s Online : Seagate Cutting 2,950 Jobs; Reducing Exec Salaries.

 

* Lakeside Steel Inc. is laying off up to 61 hourly employees in Welland.

The company, says the move is to contain costs in declining markets.

The layoff represents about 19% of its unionized workforce at the Welland site.

via Layoffs at Lakeside Steel | 610 CKTB.

 

* NEW YORK — Employees have been laid off at two newly formed divisions of Random House Inc.

The Crown Publishing Group, where authors include President-elect Barack Obama, and the Knopf Doubleday Group, which publishes Toni Morrison and Anne Rice among others, separately announced a wave of promotions and personnel changes on Wednesday, and confirmed that some employees had been cut.

 

* Adhesives Research of Springfield Township said it is permanently laying off 45 workers from its main facility near Glen Rock in the first layoff of any kind for the company in more than 30 years.

Prior to the cuts, the company employed about 415 people at the Glen Rock facility and about 515 globally. The permanent layoffs are effective today and the economy is to blame, Adhesives Research said.

via Adhesives Research cutting 45 jobs – The York Daily Record.

 

* Reebok International Ltd. laid off approximately 300 employees in North America and Latin America today, including 100 at its Canton headquarters and 12 at its Mattapoisett headwear facility.

via Reebok slashes 300 jobs – BostonHerald.com.

 

* WASHINGTON — Departing administrator Michael Griffin warned Tuesday that NASA would have to lay off an unspecified number of contractors if Congress freezes the agency’s spending at current levels.

via Griffin warns of NASA layoffs if Congress freezes spending | Houston & Texas News | Chron.com – Houston Chronicle.

 

* ROGUE RIVER, Ore. (AP) — A plywood plant in Rogue River has closed, putting 125 employees out of work.

Panel Products, which is Rogue River’s largest employer, says it is closing the plant because demand for plywood is down.

via Rogue River plywood plant closes – NewsFlash – OregonLive.com.

 

* Sleep Innovations Inc. will permanently close its Elkhart plant, resulting in the layoffs of 104 workers, according to a Jan. 12 letter sent by the company to the Indiana Department of Workforce Development.

via Sleep Innovations will close Elkhart plant.

 

* Lee Z. Davis, Owner & Proprietor of The Zipper Factory, announced today the sudden closing of both the theater and the tavern effective immediately.

 

* Crystal Cabinet Works laid off an estimated 100 plus employees Wednesday last week.

The factory, which has been in Princeton since 1975, had a workforce of 560 before the layoff.

via Mille Lacs County Times – Crystal Cabinet lays off 100.

 

* More layoffs are rippling through Seattle’s tech community. The latest is Varolii. The Seattle-based software company laid off 8 percent of its staff yesterday.

Spokeswoman Robin Rees said many of the laid-off employees were in finance and administration, an area where Varolii had beefed up after it filed for an initial public offering in Sept. 2007. Varolii withdrew its IPO registration last June.

via Varolii cuts 8 percent staff – TechFlash: Seattle’s Technology News Source.

 

* SANTA CRUZ – Plantronics will lay off 18 percent of its worldwide work force, cut management salaries and reduce other operating expenses, company officials announced today.

Company officials did not release details about the timing or location of the layoffs.

Company officials said revenue and earnings per share for the third quarter of fiscal 2009 will be lower than originally expected. They had projected net revenues of $205 million to $220 million but now are expecting revenues to be $184 million for the third quarter. Final third-quarter earnings will be announced Jan. 27.

via Plantronics to layoff 18 percent of global work force – San Jose Mercury News.

 

* Rumors have been flying lately and the tip emails won’t stop – now Motorola’s plans to undergo a significant workforce reduction have been confirmed by the Chicago Tribune. When all is said and done this year, Motorola will have laid off approximately 4,000 workers across all divisions. The hardest hit area of the company, as we’re sure you could have guessed, will be the mobile phone division.

via Motorola confirms rumors of layoffs, 4,000 to be affected in 2009 : Boy Genius Report.

 

* Jan. 14 (Bloomberg) — Motorola Inc., the second-biggest U.S. seller of mobile phones, is cutting 4,000 more jobs as the economic slump erodes consumer spending.

About three-fourths of the cuts will come from its mobile devices unit, Schaumburg, Illinois-based Motorola said today in a statement. The reduction follows 3,000 cuts disclosed in October as the declining phone business leached profitability.

via Bloomberg.com: Worldwide.

 

* Smart Modular, the Fremont maker of storage chips, said it is planning to cut an other 5 percent to 7 percent of its employees, on top of the 19 percent it reported laying off in September.

via Smart Modular announces new round of layoffs | SiliconBeat.

 

* Ecolab Inc., which provides cleaning and pest-control services, said Wednesday it will cut 4 percent of its work force in a restructuring move, but backed its prior 2008 profit outlook.

The company expects to cut 1,000 positions, or 4 percent of staff, while taking other cost cutting measures. It expects a charge during the fourth quarter of about $19 million and between $65 million and $75 million in 2009. But the company expects the move to eventually save it between $70 million and $80 million annually.

via Ecolab cutting 1,000 jobs in restructuring – Forbes.com.

 

* Jan. 14 (Bloomberg) — General Electric Co., the world’s biggest jet-engine maker, plans to eliminate more than 1,000 salaried jobs at its GE Aviation division as orders slow and it integrates the acquisition of Smiths Group Plc’s aerospace unit.

 

 

- International News -

 

 

* LONDON (AFP) — British banking giant Barclays is to cut over 2,000 jobs in its retail and commercial businesses, it said Wednesday, a day after announcing a similar number of job losses in its investment divisions.

 

* Merrill Lynch and Bank of America, its new owner, are planning to slash nearly 1,900 jobs in London, a move which would represent one of largest single layoffs in the history of the City, according to a report in The Times, London.

via BofA and Merrill eye 1,900 layoffs at City operations.

 

* Train company DSB announces administrative layoffs

National train company DSB has announced that it will layoff 200 administrative employees as part of cost cutting measures.

via Train layoffs.

 

* The ConMet plant in Canton announced today it could be laying off as many as 80 workers. Employees say they were told of the coming layoffs in a meeting, but they still don’t know exactly how many there will be, or who they will affect.

via ABC 13 – Top Stories.

 

* Jiangsu-based photovoltaic cell and module manufacturer Suntech Power Holdings (NYSE:STP) CEO and chairman Dr. Zhengrong Shi said on Monday night that the company has cut 800 employees, about 10% of its staff, reports China Business News in a follow-up to rumors that the company was laying off 4,000 employees between October and January.

via JLM Pacific Epoch – Suntech Sets Rumor Straight: 800, Not 4,000, Layoffs.

 

* Teesside chemical plant Invista Textiles is to close with the loss of 300 jobs.

Teesside chemical plant Invista Textiles is to close with the loss of 300 jobs.

via Invista Textiles to close chemical plant with loss of 300 jobs – JournalLive.

 

* The Department of Labor has ordered the revocation of the work permits of 155 alien workers at Uno Moda Corp. effective Jan. 31, 2009, the date of the garment factory’s shutdown.

via Saipan Tribune.

 

* Published Date: 13 January 2009

The UK’s last major TV manufacturer is closing its Suffolk base with the loss of 60 jobs.

Sanyo UK plans to stop work at its factory in School Road, Lowestoft, by the end of February.

via Job losses as TV manufacturer closes site – Fenland Today .

 

* LIMA, Peru (AP) — A Peruvian labor federation says 5,460 mining and steel workers have lost their jobs since the start of November as sinking global mineral prices hammer the mining sector and stall new investments.

via The Associated Press: Peru sheds 5,460 mining, steel jobs.

 

* News that 250 jobs will be lost from mining closures in the Mt Isa region will take the gloss off the good monsoon season, a local councillor has said.

via Mining job cuts to shake Mt Isa – Business – BrisbaneTimes.

 

* DUBAI: An average of 1,500 work permits and visas are being canceled in Dubai each day as companies lay off employees in the wake of the global financial crisis.

via Dubai cancels 1,500 work permits daily.

 

* WA-based Argyle Diamonds, the world’s largest supplier of diamonds, is believed to be laying off more than 100 staff as it becomes the latest victim of its owner’s cost-cutting.

via Rio sacks more than 100 at Argyle.

 

* LONDON, Jan 14 (Reuters) – British luxury car manufacturer Jaguar Land Rover announced 450 job losses on Wednesday due to a “severe” reduction in demand for new cars.

The Coventry, West Midlands-based company, part of India’s Tata Motors (TAMO.BO) said it was proposing to shed about 300 management roles and a further 150 salaried agency staff.

via UPDATE 1-Jaguar Land Rover to cut 450 jobs | Industries | Consumer Goods & Retail | Reuters .

 

* Dutch bank Van Lanschot (VLAN.AS) will cut salaries of its employees by up to 10 percent and lay off a few dozen people to reduce costs and cope with the economic slowdown, the company said on Wednesday.

via Dutch bank Van Lanschot cuts salaries, jobs | Industries | Financial Services & Real Estate | Reuters .

 

* Tens of thousands of public sector jobs will be lost across Britain this year as councils struggle to cope with the impact of the recession.

Forty councils approached by The Times yesterday were planning a total of 7,000 redundancies, and unions fear that few of the 442 local authorities across England, Scotland and Wales will escape the cutbacks. Although most of the job losses will be among backroom staff, there is concern that services will be affected.

via Councils start to shed jobs in their thousands – Times Online .

 

* DUBLIN BUS plans to reduce its fleet by more than 100 buses and cut at least 250 jobs as part of a radical restructuring plan aimed at countering a significant reduction in passenger numbers.

via Dublin Bus to cut jobs and services in radical plan – The Irish Times – Wed, Jan 14, 2009

 

* Civils sector no longer immune to credit crunch as consultant prepares to shed up to 8% of UK workforce

Engineering giant Arup is preparing to cut up to 400 staff in the UK, the latest sign that the recession has taken hold in the civil engineering sector.

via Arup to cut up to 400 UK jobs – Building.

 

* Sweden’s second biggest hospital plans to cut 900 jobs, or 6 percent of its work force, in an effort to cut costs by 450 million kronor ($55 million) a year, officials said Wednesday.

 

 

- Hiring News -

 

 

* At a time when jobs are scarce, there is at least one employer who is recruiting: the federal government.

The local office of the 2010 Census is looking to fill some 1,300 temporary positions in the next few months to help count the residents of San Diego County. The government especially is looking for bilingual applicants for jobs that range from office administrators and recruiters to workers who actually go house to house.

via Somebody is hiring: Census Bureau looks to fill 1,300 jobs.

 

* You may be wanted by the FBI and not even know it. Even though unemployment continues to rise in the United States, the FBI is offering thousands of new positions.

The FBI calls it a hiring frenzy, and hopes to add nearly 3,000 new employees in 2009. Special Agent in Charge Keith Slotter says hiring during a recession has its advantages.

via 760 KFMB, San Diego Talk Radio-The FBI Wants To Hire 3,000 New Employees.

 

* The long-awaited return promises to bring a couple hundred jobs at a crucial time for the local economy. House of Blues is holding a job fair from 9 a.m. to 7 p.m. today and on Wednesday at Fenway Park’s Absolut Clubhouse, around the corner on Brookline Avenue.

Robert Simeone, a senior vice president of operations with Live Nation Inc.’s House of Blues chain, said the company has already filled about 20 management positions and is looking to fill another 200 nonmanagement positions, such as food servers, door hosts, retail workers and bartenders

via House of Blues looks to hire 200-plus people in Boston – Framingham, MA – The MetroWest Daily News.

 

Mike: The perfect job follows, but unfortunately it had so many applicants that the site crashed. Maybe it will be back up and running tomorrow:

 

* The job, which was announced on Monday by the Queensland tourist board, will involve looking after Hamilton Island.

The idyllic island, just off mainland Australia, has year-round sunshine, sandy beaches, warm lagoons and sea life galore.

People enticed by the almost £6,000-a-month “best job in the world” flocked to Islandreefjob.com – only for the site to crash.

via Perfect Job: Site Offering Caretaker Job On Hamilton Island, Queensland, Down After Being Overloaded | World News | Sky News.

 

 

 

Mike: The layoff announcements picked up steam later this day and culminated with the layoff of 4000 Motorola. I’ll post any significant news this evening, but hopefully all is relatively quiet and tomorrow brings a little relief. On that note I leave you with a couple laughs……………..

 

 

more about “The Word – Sweet Smell of Success | J…“, posted with vodpod

 

 

 

Tom Toles - Jan 14

Tom Toles - Jan 14

 

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January 13 – Motorola Rumors Still Buzzing – Pfizer to Release 800 – Oracle to Cuts 500 – 750 Layoffs at ING – Cummins Dumps 800 – Lexmark Erases 375 – WB, Foss, Harrahs to Layoff 100 ea – Sweden’s TeliaSonera to Shed 1200 and Volvo Exits 1620 – Barclays Minus 2100

Mike: The layoff announcements continue to come this evening. I’ll post any large scale layoffs tonight. I also urge The Layoff List readers to send along any job cuts that I miss and any inside information you may have about potential layoffs:

 

 

Microsoft/Google/IBM and other News & Rumors -

 

* January 12, 2009 (Computerworld) Oracle Corp. made “major” cuts in its global workforce on Friday and more are expected to come, say multiple sources and news reports.

Sales staff and consultants working for Oracle in North America were hit hard, say sources, as well as employees who had joined Oracle recently through its acquisitions of Hyperion Solutions Corp. and BEA Systems Inc.

The number of people let go on Friday is unclear. Tim Klasell, an analyst with Thomas Weisel Partners, told Computerworld he thought the layoffs were likely to be in the hundreds or low thousands, rather than the 8,000-figure buzzing about on some blogs and message boards.

via Sources: ‘Major’ layoffs at Oracle, more to come.

 

Mike: Microsoft layoff rumors have quieted over the past few days as the company concentrates it’s energies on Windows 7 release. I’m still running XP, but I certainly hope 7 is a better product than Vista:

 

* Microsoft issued an apology Saturday for the delays in downloading the Windows 7 beta, and said it would make available an unlimited number of beta downloads and keys for the next two weeks.

“I know many of you had issues with the Windows 7 beta site of the last 24 hours,” Brandon LeBlanc, a Windows communications manager, wrote in a blog post. “As you may have noticed the download site has been up and running smoothly since this morning. That said, we apologize for the inconvenience that it caused some of you.”

via Microsoft Apologizes, Adds Unlimited Win7 Beta – News and Analysis by PC Magazine.

 

* Reports that Microsoft could be laying off thousands of employees this month continue to swirl around the tech world, as the company nears its January 22 earnings call.

Will they? Well, Microsoft is in the same downturn as everyone else. That said, the company has a history of not cutting workers during the downtimes.

via Microsoft Layoff Rumors Still Swirling All Eyes on Jan. 22: Tech Ticker, Yahoo! Finance.

 

more about “Microsoft Layoff Rumors Still Swirlin…“, posted with vodpod

 

 

* Another 135 people have lost their jobs, albeit temporary ones, at IBM Corp. in Poughkeepsie.

Manpower Inc. has laid off people who were assigned to work at IBM Corp., according to a filing by Manpower with the state Department of Labor.

via 135 temp jobs at IBM end | PoughkeepsieJournal.com | Poughkeepsie Journal.

 

* Motorola may cut as much as half of the jobs in its handset division as early as this week, as the struggling mobile devices division continues to falter, according to a report in Phone Scoop.

The company’s other divisions, including home and networks and enterprise devices, will not be affected by the layoffs, according to the report. The company also plans on pulling out of the CTIA trade show in April and on trimming the number of devices it brings to market down to about a dozen per year. The only smartphones the company will release will be based on Google’s Android platform.

via Rumor Mill: Massive layoffs may be coming for Motorola – FierceWireless.

 

* In the final week of December, Motorola disclosed with the SEC that it will cut an additional 400 jobs on top 1,500 already announced, but our friends over at PhoneScoop are reporting that Motorola (NYSE: MOT) is gearing up to make much more significant job cuts, which may include up to 50 percent of the entire handset division. In addition, Motorola is not planning on having a booth at CTIA Wireless in April, and that going forward it will only deliver about a dozen handsets a year. The only smartphones that it will produce will use Google’s Android operating system. A spokeswoman declined to comment, saying the company doesn’t comment on rumors.

 

General Economic News -

 

* “We are in an extremely heavy workload period due to the increase of new claims being filed.” That’s the message Kimberly Magnan kept hearing over and over.

“It took me two weeks in order to actually get a hold of somebody and that was hanging up and dialing,” said Magnan.

Like thousands of others, Magnan was just trying to file an unemployment claim.

“I’m a mom and you need that money, that’s your only source of income. You need that money,” Magnan said.

via Unemployment line still backed up | KY3 | Local .

 

Mike: Steal a pair of jeans and you get time in the slammer, steal $50 billion you get sweet freedom in your penthouse:

 

more about “Madoff Still A Free Man Video – CBSNe…“, posted with vodpod
* (CBS/AP) A judge allowed disgraced investor Bernard Madoff to remain free on bail Monday, rejecting an attempt by prosecutors to send him to jail for mailing more than $1 million in jewelry to family and friends over the holidays.

The judge’s decision leaves accused swindler in his $7 million penthouse to await trial while investors like Larry Leif, who says he was cheated out of his life savings, are outraged, reports CBS News correspondent Randall Pinkston.

via Madoff To Remain Free On Bail In Penthouse, NYC Judge Imposes More Restrictions On Disgraced Investor But Rejects Bid By Prosecutors To Send Him To Jail – CBS News.

 

 

* BEIJING (AP) — China’s trade slump worsened in December as exports fell at their fastest rate in a decade amid global economic turmoil, government data showed Tuesday, aggravating a decline that has fueled a wave of layoffs and fears of unrest.

December exports fell 2.8 percent from the same month a year earlier, after a 2.2 percent decline in November, the Chinese customs agency said. China’s global trade surplus last year rose 12.7 percent over 2007 to a record $295.5 billion, possibly worsening tensions with the government of U.S. President-elect Barack Obama.

via China’s trade slump worsens in December – Yahoo! Finance

 

* As the recession bites deeper, vendors are beginning to feel the pinch and are cutting staff.

Oracle (NASDAQ: ORCL) is reported to have trimmed one percent of its workforce, which totals 85,000 worldwide.

Meanwhile, Google (NASDAQ: GOOG) is reported to have laid off more than 5,000 contract workers, and Microsoft (NASDAQ: MSFT) is said to be planning cuts of 10 to 17 percent of its employees, for the first time ever.

Analysts expect more companies to trim their workforce because many payrolls are bloated.

via InternetNews Realtime IT News – Tech Companies Begin Trimming Head Counts.

 

Mike: A short recap of today’s business headlines:

 

 

- Municipal News -

 

* RENO – The Sparks City Council Monday approved new budget cuts that will lead to 35 city employees being laid off.

No police officers or firefighters are included in those layoffs.

via Sparks Layoffs Become Official / Northern Nevada, Reno, Lake Tahoe, News Now, Live Streaming Darren Mack Trial .

 

* HAMILTON — Pink slips are going out to a dozen employees at Butler County Job and Family Services due to budget cuts at the state and federal levels.

This means long lines at the agency tasked with helping residents with job and income assistance could soon become longer as the need for such programs increases amid a recession.

via County layoffs impact services to poor.

 

* Local legislators, Democrat and Republican alike, are calling Maine Gov. John Baldacci’s 2010-11 biennial budget a good first step toward what all are calling a challenging, difficult time for Maine state government.

Baldacci on Friday unveiled a $6.1 billion budget to make up an $830 million shortfall. The budget involves cutting hundreds of state jobs, increasing fees — including fees to lobstermen — trimming funding from higher education, sending more than 100 state prisoners to private prisons out of state, and requiring some state employees to pay a portion of health care cost.

via Maine’s budget: cut jobs, up fees.

 

* Mount Carmel Health System plans to announce work-force cuts today that apparently will rely more heavily on the elimination of vacant positions than layoffs.

Janice Piscitelli, Mount Carmel spokeswoman, said last night that she couldn’t discuss any employment changes until today.

Pressed for details, she said she wouldn’t describe the cuts as layoffs but rather as a “work-force reduction.”

via The Columbus Dispatch : Mount Carmel system to cut vacant jobs, employees.

 

* ROSEVILLE, CA – Despite two years of cost-cutting, the city of Roseville says it will begin making buyout offers to reduce its workforce by 40 to 50 positions.

via Roseville to Cut 40 to 50 Jobs | News10.net | Sacramento, California | Local News .

 

* Members of the Acton-Boxborough Regional and Acton Public school committees agreed to an $853,700 first round of cuts outlined by Superintendent Bill Ryan at their Jan. 8 meeting. Those cuts include reductions in special education programs, supplies and one teacher being laid off.

Ryan has also asked officials at each of the Acton public and Acton-Boxborough regional schools to outline a total of $950,000 in additional cuts. That number is likely to come heavily from staff layoffs, Ryan said.

via Schools to cut $1.8 million – Acton, MA – The Beacon.

 

- US and some Canada News -

 

* Cost Plus Inc. on Monday identified the 26 underperforming stores it plans to close and eight media markets it will leave.

On Friday the specialty home retailer also said it would cut 18 percent of the staff in its home office and distribution center. Cost Plus had 808 corporate office and distribution employees as of Feb. 2, according to a Securities and Exchange Commission filing. The company had 2,719 full-time and 3,986 part-time employees at the time.

via Cost Plus to close 26 stores, exit 8 media markets – BusinessWeek.

 

* Human Resources representative Rick Small says ADO International in Spartanburg had to lay off workers because of the economy. Small says they had to outsource some of the jobs that were in fabrication.

via Employees Laid Off At Spartanburg Plant | WSPA.

 

* Stung by a drop in income from all sources — donations as well as sales — the Cincinnati Art Museum has laid off seven staff members, or about 4 percent of its staff.

via Cincinnati Art Museum Lays Off Seven Staffers.

 

* VALHALLA, N.Y. (AP) The Westchester Medical Center said Monday it will close a nursing home and cut 400 jobs to deal with reductions in Medicaid and other funding.

via cbs3.com – New Jersey Wire .

 

* Gates Canada Inc., Denver, CO, will close its London, Ontario, Canada power transmission facility as a result of declining sales volumes, continued pricing pressures and higher raw material costs.

The Company plans to transition a portion of its operations to its facility in Windsor, Ontario by the end of the second quarter of 2009. Full closure of the facility is expected by December 2009 to allow for completion of production to meet customer requirements. There are 179 associates at the London facility.

via Gates Canada Closing London, Ontario, Facility.

 

* Nearly 300 manufacturing layoffs were announced Monday across Indiana, adding to the 30,000 job cuts the sector has handed the state in the past year.

In Indianapolis, Color-Box will shed 74 jobs at its cardboard-packaging plant, according to filings with the Indiana Department of Workforce Development.

via Indy packaging plant leads list of layoffs | IndyStar.com | The Indianapolis Star .

 

* Little Falls boat manufacturers Larson, Glastron and Seaswirl will lay off employees this week, President Al Kuebelbeck said Monday. Larson, Glastron and Seaswirl are divisions of Genmar Industries.

He would not say how many employees the company is laying off because that decision is not yet final. They will know by the end of the week, he said.

via Layoffs planned for Little Falls boat plants | sctimes.com | St. Cloud Times.

 

* Protocol Integrated Direct Marketing plans to close its Cheshire call center at the end of March and lay off more than 160 workers, company officials said.

“This is a full facility closure,” said Phil Luquette, the company’s human resources director. “This will be a permanent layoff. There will be no transfer or bumping rights.”

via Layoffs: Direct Marketing Call Center To Close — Courant.com.

 

* EL PASO — Valcent Products Inc., which is developing biofuel from algae and a vertical farming system at its Upper Valley test facility, has laid off 19 people as part of cost-cutting and restructuring, company officials said.

via Valcent restructures, lays off 19: more layoffs could follow – El Paso Times.

 

* YANKTON, S.D. (AP) A Yankton company has laid off 15 employees because of the downturn in the economy.

MtronPTI said it needed to cut the positions because of drop-offs in orders from its main customers in the telecommunications industry.

via Yankton company cites economy for 15 layoffs | KXNet.com North Dakota News.

 

* HAMPTON — What officials called “a significant layoff” occurred at Foss Manufacturing on Friday, Jan. 9. The layoffs represented an attempt by Foss owners to bring the company in line with current economic conditions, said Chief Operating Officer Bill Cummings.

An individual who identified himself only as one of the workers laid off Friday, indicated that a total of 114 Foss employees were told there were no jobs for them. Cummings said that number was a bit high, but would not comment on the exact number of workers who were laid off other than to say it was “significant.

via ‘Significant’ layoffs at Foss Manufacturing.

 

* Jan 13 (Reuters) – U.S. Time Warner Inc’s (TWX.N) Warner Bros is asking its departments to cut their budgets by at least 10 percent, the Associated Press reported on Tuesday, citing people in the company who are familiar with the plans.

The cuts could mean layoffs of more than 100 employees, the agency said.

via Warner Bros plans 10 pct budget cut – AP | Markets | Markets News | Reuters .

 

* Lebanon — Nineteen employees were laid off from St. John’s Hospital-Lebanon on Friday, the city’s latest victims of the economic downturn.

The hospital eliminated eight full-time and 11 part-time positions, and reduced additional staff hours effective Friday, said Karen Simpson, vice president of St. John’s Hospital — Lebanon.

via Nineteen lose jobs at St. John’s Hospital-Lebanon | News-Leader.com | Springfield News-Leader.

 

* CHARLESTON, S.C. (AP) – The slowdown in the construction industry has prompted a South Carolina company to eliminate 45 jobs at a cement plant.

Giant Cement Co. of Summerville said Monday it was eliminating the jobs at its plant in Harleyville. The 45 positions represent nearly a quarter of its 170 workers.

via Cement plants announces layoffs | WCBD.

 

* Quad Graphics, the Sussex, Wis., based commercial printer, is eliminating 550 jobs in five states, including 27 in Oklahoma City.

via Quad Graphics to cut 27 Oklahoma jobs.

 

* CHEROKEE – Harrah’s Cherokee Casino and Hotel is facing job cuts for the first time in its 11-year history, company officials said on Monday.

The casino will reduce its workforce this year by 5 percent – or about 100 jobs. The company is making the cuts voluntary at first, with offers of severance to workers based on years of service.

via Harrah’s Cherokee cuts jobs | CITIZEN-TIMES.com | Asheville Citizen-Times.

 

* DANVILLE, Ill. – The Walgreens office in the east central Illinois city of Danville has offered voluntary retirement and severance packages to 140 local workers.

via 140 to lose jobs in Danville — chicagotribune.com.

 

* LEWISTON, Maine (AP) – Lewiston-based Geiger, the promotional products maker that’s best known as the publisher of the Farmers’ Almanac, has laid off about 8 percent of its work force.

About 30 of the company’s 400 workers lost their jobs. Those affected include managers and workers at company headquarters and field offices around the country.

via Maine-based almanac publisher announces layoffs | NECN.

 

* The downturn in the economy has forced the Billings Gazette newspaper to lay off eight employees.

via Montana’s News Station – Fair. Accurate. To the Point. -Billings Gazette announces layoffs.

 

* SIOUX FALLS, S.D. – Hutchinson Technology in Sioux Falls followed through with layoff plans and let 275 workers go Monday — almost half its work force.

via Hutchinson Technology in Sioux Falls cuts 275 — chicagotribune.com.

 

* EXETER, N.H. (AP) Osram Sylvania is laying off 35 workers at its Exeter, N.H., lighting plant.

A spokeswoman says the company hopes another 15 employees will take several months off voluntarily, or else more will have to be laid off.

via wbztv.com – New Hampshire Wire .

 

* St. Joseph’s Hospital has cut 20 positions and reduced some staff hours, citing the economic downturn.

via Charleston Daily Mail – West Virginia News and Sports – State News – Parkersburg hospital cuts 20 jobs, cites economy .

 

* Jan. 12 (Bloomberg) — Shane Co., the family-owned jewelry retailer with 23 stores in 14 states, sought bankruptcy court protection blaming “disappointing” holiday sales and a “grim” outlook on the deepening U.S. recession.

via Bloomberg.com: News

 

* HENDERSON, Ky. — Dana Corp.’s truck axle plant has laid off 45 workers indefinitely and has another 50 on a voluntary layoff through the end of this week, a company spokesman confirmed Monday.

via Dana lays off 45 from Henderson, Ky., plant : Local : Evansville Courier Press.

 

* Engine maker Cummins Inc. said Tuesday it will cut 800 employees worldwide by the end of February and freeze salaries for the rest of the year in response to lower sales.

Cummins (nyse: CMI – news – people ) said the cuts will be accomplished through buyout offers for certain employees and layoffs. In addition, the company said it will reduce its officers’ salaries by 10 for the year.

via Cummins to cut work force by 800, freeze salaries – Forbes.com.

 

* The Columbus, Ind. maker of fuel systems and controls will also reduce executive salaries by 10% this year and freeze other wages.

Combined with its previous actions taken in December, Cummins (CMI:

25.95, -0.23, -0.9%) will have reduced its professional workforce by more than 1,400 people or 10%.

via Cummins to lay off 800 more workers, freeze pay – MarketWatch .

 

* Lexmark has announced a 2009 restructuring plan that will affect 375 jobs at the company.

A news release on the company’s website says a weak performance in the fourth quarter is the reason for the job cuts.

via - Lexmark Cuts 375

 

* Jan 13 (Reuters) – Neurobiological Technologies Inc (NTII.O) said it suspended further development of Viprinex, its treatment for acute ischemic stroke, and would cut about 75 percent of its workforce.

via UPDATE 1-Neurobiological ends stroke drug development, cuts jobs | Industries | Healthcare | Reuters .

 

* Motiva Enterprises laid off some contract workers involved in the crude oil expansion project, spokeswoman Verna Rutherford said Tuesday.

Rutherford said she did not know the number of people affected because the contractors have that information, but she did say there still are more than 2,500 contract workers on the project.

via Motiva announces layoffs on its expansion project >> www.beaumontenterprise.com – Local.

 

* CEDAR FALLS — The slumping world economy has struck close to home with the announcement of cutbacks at Viking Pump in Cedar Falls.

The company was established in Cedar Falls in 1912 but became a subsidiary of Northbrook, Ill.-based IDEX Corp. in 1989 through a series of buyouts.

Viking officials would not provide details about the nature of the personnel cutbacks or the numbers involved.

via WCFcourier.com – Waterloo and Cedar Falls Iowa News Homepage | News » Breaking News.

 

* Neurobiological Technologies says that the late-stage data gathered so far on Viprinex doesn’t justify further research as a treatment for acute ischemic stroke and the developer immediately announced it would lay off 75 percent of its staff. The developer had already announced in December that it was suspending enrollment in the trial for Viprinex, saying that the data didn’t demonstrate any improvement for patients taking the therapy.

via Neurobiological Tech slashes majority of staff, shelves drug – FierceBiotech.

 

* EXETER, N.H. — Osram Sylvania is laying off 35 workers at its Exeter lighting plant.

A spokeswoman said the company hopes another 15 employees will take several months off voluntarily, or else more will have to be laid off.

via Osram Sylvania Laying Off Workers In Exeter – Money News Story – WMUR Manchester.

 

* CARLSBAD, Calif. — TaylorMade-adidas Golf Company (TMaG) announced a workforce reduction of 70 employees from across all areas of the company, a direct response to today’s uncertain global economic climate.

via TaylorMade-adidas Golf Company announces workforce reduction | World Golf News .

 

* PGT Inc. said Tuesday it was laying off another 10 percent of its workers as part of a restructuring to save more than $6 million a year.

The hurricane-resistant window and door maker did not specify how many people were let go, but with 1,500 workers prior to the announcement, the 10 percent cut would equate to 150. PGT listed 1,350 workers in its announcement of the cuts.

via PGT lays off another 10 percent of work force | HeraldTribune.com | Southwest Florida’s Information Leader.

 

* DALLAS — Neiman Marcus Inc. is cutting about 400 jobs across the country – including almost 100 people in the Dallas area – as part of an organizational review started six months ago.

via Hundreds of layoffs at Neiman Marcus | Latest News | WFAA.com .

 

* Heil officials said Tuesday it will lay off about 100 people this week primarily at its Fort Payne manufacturing facility.

Officials said the layoffs are due to cities’ budget cuts and the postponement of some planned capital equipment purchases both nationally and globally. The decision comes as the refuse collection vehicle manufacturer looks to reduce costs.

via The Times-Journal.

 

* TULSA, Okla. (AP) – Dozens of employees at Oral Roberts University started receiving word today that they will be laid off.

University spokesman Jeremy Burton says employees to be laid off will be notified throughout the day. He says ORU will release more information later today.

via KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo – AP NewsBreak: ORU begins layoffs.

 

* ING Groep NV said it will cut 72 Des Moines-area workers, part of 750 employees who will lose jobs nationwide.

Dana Ripley, an ING spokesman, said the insurer will notify workers this week about the cuts. In all, the Netherlands-based company employs about 1,100 local workers.

via Local Business Watch: Insurer ING to cut 72 workers in Des Moines | DesMoinesRegister.com | The Des Moines Register.

 

* TRENTON, N.J. (AP) — Pfizer Inc., the world’s biggest drug company, is laying off up to 800 scientists this year in its latest effort to refocus disappointing research efforts and cut its massive overhead ahead of an anticipated crash in revenue.

New York-based Pfizer plans to reduce its global research staff — currently about 10,000 people — by 5 percent to 8 percent this year, company spokeswoman Kristen Neese said Tuesday

via Drugmaker Pfizer cutting up to 800 scientist jobs – Yahoo! Finance.

 

* Bank of America Corp., one of Charlotte’s largest employers, confirmed in a state filing that it is laying off approximately 139 workers in Ballantyne.

The workers are in a financial-advising unit called Preferred Services, which is aimed at middle-class investors and is reportedly being replaced by a comparable Merrill unit. The bank said in a Monday letter to Mayor Pat McCrory, which it is required to file, that notifications began Friday and that layoffs will be completed by March 10. One employee told the Observer that some workers were informed they were being let go on Friday and asked to leave immediately.

via BofA confirms 139 job cuts in Ballantyne | CharlotteObserver.com

 

* SOUTH BURLINGTON, Vt. — Layoffs are in the offing at GE Healthcare in South Burlington, according to a statement released Tuesday by the company.

via GE Healthcare Announces Layoffs – News Story – WPTZ Plattsburgh.

 

* TACOMA, Wash. — KeyBank’s call center in Tacoma is being closed, and bank officials say 200 workers face layoffs this year.

via KeyBank national call center in Tacoma to close

 

* SAN FRANCISCO—Probe-card maker FormFactor Inc. Tuesday (Jan. 13) said it would reduce its workforce by 22 percent as part of a global reorganization and cost reduction plan.

A spokesperson for FormFactor said the reduction involved approximately 200 jobs. The company now has approximately 750 employees, most of which are based at company’s headquarters and manufacturing facility in Livermore, Calif., the spokesperson said.

via EETimes.com – FormFactor to cut workforce by 22%.

 

* Auto parts maker Superior Industries International Inc. (SUP: News ), Tuesday announced the closing of its manufacturing facility in Van Nuys, California, which would ultimately result in the elimination of 290 jobs or 9% of its total work force. Superior explained the move as to effort to pull it out of the unprecedented business downturn as a stronger, leaner company.

 

* Newell Rubbermaid announced Monday it will layoff 75 employees from the manufacturing facility in Winfield.

The company produces coolers, outdoor storage sheds and plastic storage shelving.

Rubbermaid said the layoffs are a result of a changed business climate for the goods manufactured there. It says its seen a decrease in sales because of the decline in consumer spending, combined with the seasonality of many of the products.

via - Winfield Rubbermaid Plant will Layoff Workers

 

* Signature Healthcare Brockton Hospital has cut six jobs in an effort to improve efficiency in administrative services, a hospital official said.

via Brockton Hospital cuts 6 jobs – Brockton, MA – Wicked Local Brockton.

 

* JBS Swift & Co. has let go an unknown number of people from its corporate headquarters in west Greeley, and it’s probably a sign of the economic times impacting meat packers, an industry expert said Tuesday.

Steve Kay, publisher of Cattle Buyers Weekly, said he had not heard of the layoffs, but said such a move would not be a surprise, noting Tyson Foods laid off half a dozen or so senior management people in the last week.

via JBS Swift lays off corporate workers | Greeley Tribune.

 

* NEW YORK (Reuters) – Oracle Corp. has trimmed its workforce, but not as much as some people had speculated, The Wall Street Journal reported on Tuesday.

Citing people familiar with the matter, the newspaper said the software giant cut around 500 positions in its North American sales and consulting businesses on Friday.

via Software giant Oracle cuts 500 jobs: report | Reuters .

 

- International News -

 

* Northampton-based building materials company Travis Perkins has announced it is to cut 12 per cent of its workforce to reduce costs.

via 1,500 jobs to be cut at Travis Perkins – Northampton Chronicle and Echo .

 

* Cargotec has announced further plans to cut capacity at two of its Finnish plants, Tampere (Kalmar) and Raisio (Hiab). All 900 staff at the two plants will be subject to 90 day temporary layoffs.

via Cranes Today – More cuts at Cargotec.

 

* HONG KONG – Japanese brokerage Nomura Holdings Inc plans to shed another 80 jobs in the next few months in Asia, excluding Japan, sources familiar with the matter said.

via Business Spectator – Nomura to shed another 80 jobs in Asia, ex-Japan.

 

* Swedish-Finnish telecommunications operator TeliaSonera gave notice to 1,200 employees in Sweden on Monday as part of the firm’s ongoing “efficiency measures”.

via TeliaSonera announces job cuts in Sweden – The Local.

 

* Regional newspaper publisher Archant plans to cut as many as 20 jobs at its East Anglian Daily Times publishing centre in Ipswich.

via Archant to cut up to 20 jobs on Suffolk papers | Media | guardian.co.uk .

 

* LONDON: Financial services major Bank of America, which acquired Merrill Lynch recently, is considering to slash about 1,900 jobs from the

combined workforce in the UK, says a media report.

via BofA-Merrill Lynch may cut 1,900 jobs in UK: Report- International Business-News-The Economic Times.

 

* Australia’s metals industry suffered another round of production cutbacks as three major miners moth-balled operations and shelved expansion plans in an effort to cope with falling demand and prices.

via Business Spectator – Miners cut Australian output, shelve projec

 

* Jan. 13 (Bloomberg) — Home Retail Group Plc, the owner of Britain’s second-largest home-improvement chain, will cut 210 jobs at a distribution center in Manchester, England, to lower costs.

via Bloomberg.com: U.K. & Ireland.

 

* The largest employer in the north-western Queensland city of Mount Isa has announced it is cutting almost 150 jobs as a result of the global economic crisis.

via Xstrata to cut 150 Mount Isa jobs – ABC News (Australian Broadcasting Corporation).

 

* Volvo Trucks has given notice to 1,020 workers in Sweden, the company announced on Tuesday afternoon.

Volvo sees truck deliveries tumble in November (16 Dec 08)

The truck maker’s Umeå plant is set to be hardest hit, with 610 new job cuts predicted on top of the 500 people who have already lost their jobs at the facility, according to union sources cited by Sveriges Television.

via Volvo plans fresh layoffs – The Local.

 

* British building materials distributor Travis Perkins plc cut 12 percent of its workforce after sales by volume slipped 25 percent, the Bloomberg news service reported.

via Travis Perkins lays off 12 percent of workforce – 1/13/2009 6:24:00 AM – Industrial Distribution.

 

* Redundancies at one of Limavady’s biggest employers, the Radisson SAS Hotel, is “devastating” for the town, Mayor Brenda Chivers has said.

The hotel opened in June 1995, and employs 180 staff.

“It’s just frightening,” said Mayor Chivers. “When is this going to stop; all these redundancies?”

via Radisson to cut jobs – Derry Today .

 

* HR jobs will be among 400 cut by a local authority, a senior official has revealed.

Earlier this week, Buckinghamshire County Council unveiled a plan to save £22m a year by March 2012 by reducing back office managers and support staff.

via Buckinghamshire County Council to cut 400 jobs – HR jobs at risk.

 

* LONDON (AP) — Barclays PLC will cut 2,100 jobs in its investment banking, fund management and private banking units in response to the global economic downturn, according to a person knowledgeable about the decision.

The cuts revealed Tuesday, representing about 7 percent of the bank’s global staff, are in line with layoffs by other major banking institutions in recent months.

via UK bank Barclays to cut 2,100 jobs due to downturn – Yahoo! Finance.

 

- Hiring News -

 

* As news of layoffs continue to grab headlines every day, one St. Louis company said it is hiring.

Online investment firm Scottrade, one of the fastest-growing companies in St. Louis, said Monday it’s looking to fill 50 open information technology positions through a career fair this week, according to Caroline Dybala, recruitment manager.

via Scottrade hiring 200 IT workers in 2009 – St. Louis Business Journal: .

 

* Starting next month, AirTran Airways will call 60 pilots back to work from furlough, in preparation of what the Orlando, FL-based low-cost carrier expects will be a busy summer travel season. The carrier is also hiring as many as 120 new flight attendants, reports The Atlanta Journal-Constitution.

via .:: Aero-News Network: The Aviation and Aerospace World’s Daily/Real-Time News and Information Service ::..

 

* Officials with the census bureau say they intend to hire 3,500 workers to conduct the 2010 census, including 800 in the Albuquerque area alone.

via KOB.com – Feds hiring for 2010 census .

 

Mike: The layoff announcements continue to come this evening. I’ll post any large scale layoffs tonight. I also urge The Layoff List readers to send along any job cuts that I miss and any inside information you may have about potential layoffs. On that note, I’ll leave you this day with a little humor. Have a good evening……………..

 

 

Mike Luckovich - Jan 10

Mike Luckovich - Jan 10

 

more about “The Daily Show with Jon Stewart Offic…“, posted with vodpod

 

 

top

January 12 – Motorola to Drop 50% of Handset Jobs? – Suntech to Dismiss 4000? – Kennametal to Cut 1200 – GMAC Releases 212 – Quad/Graphics Erase 550 – 2000 Dumped by Cessna

Mike: I hope you all had a fine weekend. We NY Giants fans are a little disappointed this day, but you have to score to win and the Eagles did  so they were the better team on Sunday.  At least they still have jobs while many will be losing theirs this day. Let’s see how the jobs news is shaping up this morning:

 

 

Microsoft/Google/IBM News & Rumors -

 

* For many IBM employees, last week was torture. Rumors have been swirling that jobs are on the chopping block and that close to 16,000 workers will become victims of a one-two combination punch from the economic downturn and IBM’s continual moves to lower its costs and extend its string of profitable quarterly reports.

As is its standard practice, IBM has nothing to say on the topic of layoffs. That includes any denial that this move is about to be made.

Information on the rumored job losses comes primarily from the Website of the IBM Employees Union, Alliance@IBM. (Yes, IBM does in fact have a union in the United States, which is a local of the Communications Workers of America.) Postings on the current job elimination status can be found on this Web page.

via The Four Hundred–Layoff Rumors Panic IBM Workers; Nothing Confirmed .

 

* According to the latest news on the web, Motorola is preparing a large number of layoffs as soon as this week. It seems that sources familiar with the company’s plans have stated that the handset division will suffer a massive workforce reduction, as nearly 50 percent of the employees might be given the pink slip. Knowing this, it seems that the financial turmoil has affected the mobile phone maker harder than expected.

The company is reported to plan on keeping all the people from its set top box, networking equipment, and enterprise device businesses. As the handset division could be dropped to only half of its personal, the company is rumored to plan on releasing only twelve phones per year. Moreover, it seems that the focus will be placed on smartphones based on Google’s Android platform, while other similar devices are expected to be left aside.

via Motorola Cuts Jobs, Focuses on Android – The company is reported to plan on releasing only about 12 phones a year – Softpedia.

 

* Phone Scoop has learned that Motorola’s handset division is expecting a large round of layoffs as soon as this week, according to someone familiar with Motorola’s plans. The layoffs are confirmed to be significant and may amount to 50% of the entire handset operation.

via Motorola’s Handset Arm Prepping for Massive Layoffs (Phone Scoop).

 

* IT In Action | 11 Jan 2009 : 

Microsoft is likely to employ cost-cutting measures in the upcoming months to help it maintain a strong position during the economic downturn, according to a fresh wave of reports.

The latest indications suggest that the firm will hold back on hiring new staff and not renew contract employees, rather than instigate a major lay-off operation.

Restructuring plans could be announced ahead of Microsoft’s second-quarter earnings statement due on 22 January.

via IT In Action Blog – Microsoft restructure rumours abound .

 

* s word of impending layoffs continues to spread among IBM workers, some job cuts started this week in the Hudson Valley, according to the New York Department of Labor.

Its Rapid Response Unit for displaced workers confirmed it received a notice Dec. 24 from Manpower Staffing in Poughkeepsie that 135 IBM contract jobs would be gone “commencing Jan. 5.”

Spokesman Doug Shelton said IBM was “not going to comment on specific actions.”

Big Blue has also remained mum on reports that 16,000 jobs worldwide will be cut Jan. 23, but information continues to trickle in from sources who have requested anonymity.

via IBM Notebook: Will IBM cut jobs after getting state aid? – RecordOnline.com – The Times Herald Record.

 

 

General Economic News -

 

 

* NEW YORK - Officials at state unemployment offices say they’ve never seen anything like it: Layoffs are happening so fast that those seeking unemployment benefits are overloading state computer systems, jamming phone lines, and making it necessary for administrators to hire temporary workers.

- In some states, it’s so bad officials suspect that only half the calls are getting through. Frustrated, the unemployed are e-mailing anyone they can find at the state agencies or are just hitting redial on their phones, sometimes hundreds of times. The problem will get worse before it gets better, say some officials.

via Jobless claims overwhelm state offices | csmonitor.com.

 

* Just as the recession is throwing people out of work at an alarming rate, the unemployment insurance system in New York and many other states will start cutting off benefits this week for thousands of people who have been unable to find jobs since early last year.

Julio Ponce, who is seeking work as a chef, said he did not know how he would cover his rent after his unemployment benefits lapsed this week.

 

About 50,000 New Yorkers who had been collecting unemployment checks for 11 months — the longest stretch that benefits have been available since the last recession eight years ago — will stop receiving weekly payments this week, according to the State Labor Department.

via Adding to Recession’s Pain, Thousands to Lose Jobless Benefits – NYTimes.com.

 

* Seagate (STX) CEO Bill Watkins told Tech Trader Daily on Friday that December was “just terrible” in terms of disk-drive demand, due in part to a sharp drop in distribution channel inventories. Watkins said channel inventories for disk drives are the lowest he has ever seen, as low as four weeks, and notes that distributors are having trouble getting credit.

Watkins notes that the company will announce a restructuring sometime this month which will likely result in a reduction in production capacity and significant layoffs. The company currently has about 50,000 employees worldwide; it’s not hard to imagine there will be thousands job cuts.

via Seagate Says December Was ‘Just Terrible’ — Seeking Alpha.

 

* BASEL, Switzerland: The global economy will recover in 2010 from a sharp slowing this year as official steps to lift growth hit home, senior central bankers said on Monday.

The European Central Bank president Jean-Claude Trichet, who chaired talks here on the world economy, said restoring confidence was crucial as emerging markets join the industrialized world in feeling the impact of the financial crisis.

via Central bankers expect global recovery in 2010 – International Herald Tribune.

 

* But after a rapid rise in health-care costs this decade, the economics of continuing on Cobra are beyond the reach of many, according to a study released Friday from Families USA. The average monthly Cobra premium for family coverage, $1,069, consumes 84% of the average monthly unemployment check, which is $1,287, the study found.

“If you’re subsisting on an unemployment insurance check and 84% of that check is what’s needed to continue family coverage, clearly it’s unrealistic to expect you can afford to do that and still have money left for food and rent and utilities and other necessities,” said Ron Pollack, executive director of Families USA.

via Health coverage takes big bite out of unemployment checks – MarketWatch .

 

* The green energy sector has a lot riding on 2009. Policymakers from Washington to Beijing have pledged billions of dollars in “cleantech” investment to jump-start the depressed global economy and create millions of new low-carbon jobs.

That should be a boon to the wind power industry, which is working to harness the world’s second-largest source of renewable energy after hydroelectric. As with the solar industry, wind power has been hit by a sudden slowdown in private sector investment as credit has dried up and the price of oil has fallen from its mid-2008 high. The industry hopes public spending will help fill the gap until the global economy gets back on its feet.

via A Chill Blows Through Wind Power – BusinessWeek.

 

 

- Municipal News -

 

 

* Two county health clinics and hundreds of county jobs are on the chopping block this week as officials wrestle with reduced income and higher costs to provide health-related services to county residents.

The Board of Supervisors in Tuesday will take community input on plans to close health clinics in Lindsay and Tulare, and then will consider staff recommendations to lay off more than 200 county employees.

via Tulare County eyes clinic closures, job cuts | county, health, tulare – Local News – Recorderonline.com.

 

* CHICO — Five city firefighters received layoff notices Saturday morning after the city and the fire union failed to agree on wage and benefit concessions.

via City lays off five firefighters: Vacant position also to be cut after bargaining talks fail – Chico Enterprise Record.

 

* Pemberton Township, also in Burlington County, is considering layoffs and issued a memo to municipal employees on Jan. 6 that cited difficulties posed by the tax-levy cap and that said the municipality would work with union leaders to minimize job losses, even as the “problem is a serious one.”

via Burlington Township, facing $1.6 million shortfall, plans layoffs | Philadelphia Inquirer | 01/12/2009.

 

* Tuesday, Jan. 13, the Springboro Board of Education is scheduled to cut the custodians’ jobs as part of $467,000 in budget cuts designed to bring the district’s budget into balance.

 

 

- US and some Canada News -



NAPLES — As part of a consolidation of its Florida operations, Centex Corp. has once again reduced its workforce in its divisional office in Naples.

Locally, more than a half-dozen employees have lost their jobs in the past month. More layoffs are coming.

The division office now has an estimated 40 employees, excluding agents in its sales centers. That’s down from a high of about 250 at the peak of the real estate boom in 2005.

via Centex makes more job cuts, may shut down Naples office : Real_Estate : Naples Daily News.

 

* ATHENS – A financially-troubled poultry giant with several plants in northeast Georgia announces layoffs at one of them.

Channel 2 Action News reports that nearly 100 workers at the Pilgrim’s Pride poultry plant in Athens will lose their jobs early next month.

via Layoffs at Pilgrim’s Pride | AccessNorthGa.

 

* St. Francis Medical Center in Grand Island announced Friday more employee layoffs for a total of 22 since October.

The news of layoffs at St. Francis Medical Center is coupled with news Friday that Good Samaritan Hospital in Kearney has laid off 32 people in the past few weeks.

According to St. Francis Medical Center officials, the total layoffs in Grand Island include people affected by the closing of the Wood River and Cairo Primary Care Clinics and Wellness Works/Por Su Salud at the Conestoga Mall as well as various departments of the hospital. The clinics and Wellness Works are permanently closed.

via The Independent > Archives > News > Local > St. Francis announces layoffs.

 

* Update: Freeport-McMoRan Copper & Gold Inc. will curtail production and lay off at least 1,550 Morenci mine employees, according to an announcement from the mining company Friday.

As of Friday, about 3,300 people are employed at Morenci. The anticipated layoff will cut that work force by nearly half.

“Detailed plans for the curtailment are currently in development,” Freeport spokesman Richard Peterson said in an e-mail message to the Courier.

According to Peterson, the date of the first layoffs is expected to be in the 14-day period beginning March 16 and ending March 29. The majority of affected employees will be placed on a paid leave of absence starting Feb. 2.

via News : 1,500 laid off from Morenci mine – Eastern Arizona Courier.

 

* It is reported that Gerdau Macsteel will lay off 46 hourly workers at its Monroe mill with effect from January 16th 2009, largely due to the continuing auto industry slump. The plant makes bar quality steel mainly for automotive uses. It employs 452, so the layoffs affect about 10% of its total work force. The cutback represents about 14% of the 328 member hourly work force. No salaried workers are being laid off.

via SteelGuru – News.

 

* VICKSBURG, Miss. — LeTourneau Technologies Inc. has laid off 50 workers at its oil rig construction yard in Vicksburg.

via LeTourneau lays off 50, cites economy – Regional Wire – SunHerald.com.

 

* Reality of the situation is that the publishing industry is taking a beating in large part due to the the Internet and the failing economy. Even our parent company, Village Voice Media, isn’t immune to it, having just done a round of company-wide layoffs and cost-cutting measures. Still, it’s sad to see that a city so desperately in need of more quality publications lose one as good as MAP.

via Miami – Riptide 2.0 – MAP Magazine Folds After Only Six Issues.

 

* BOSTON, Jan 12 (Reuters) – Diversified U.S. manufacturer Kennametal Inc (KMT.N) said on Monday that its profit for the just-ended quarter would be lower than investors expected and that it planned to cut 1,200 jobs as it scrambles to respond to a deepening global recession.

 

* Jan. 12 (Bloomberg) — Christie’s International will cut jobs as the financial crisis damps demand for art.

The London-based auction house plans “a companywide reorganization which includes significant staff reductions,” Christie’s said in an e-mailed statement today.

“There’s a consultation process going on at the moment, so we’re not in a position to comment on numbers,” Alexandra Buxton, Christie’s European head of public relations, said in a telephone interview. She said that Christie’s employs about 2,100 people worldwide.

via Bloomberg.com: Arts and Culture.

 

* Tropicana told the Bradenton Herald via e-mail it plans to cut its workforce at the Bradenton plant.

According to spokeswoman Karen May, the plant will reduce 50 to 60 hourly positions in Bradenton, most by the end of March.

via Tropicana to cut local jobs – Top Stories – Bradenton.com.

 

* Book publisher Courier Corp. said Monday it will close manufacturing unit Book-mart Press Inc., which will result in the elimination of 72 jobs.

via Courier to close Book-mart Press, cut 72 jobs – Forbes.com.

 

* (Marietta, Ohio) – Plastics manufacturer Americas Styrenics will shut down six of its ten production lines here and permanently eliminate 63 positions. The layoffs will start March 7, according to a notice filed with the state of Ohio.

via Ohio Plastics Maker American Styrenics to Shut Six of 10 Production Lines, Layoff 63 – Manufacturing & Technology eJournal.

 

* Bankrupt manufactured-home builder Patriot Homes Inc. will close a Middlebury plant that employs 125 workers, according to a notice filed with the state.

via – IBJ.com – Indianapolis Business Journal – Story Det

 

* Update – Boeing: Hence, net orders during 2008 were down more-than 53.1% from 2007. Even so, during 2008, Boeing booked 287 more orders than deliveries (2008 deliveries consisted of 290 737s, 14 747s, 10 767s, 61 777s and 0 787s, for a total of 375 shipsets); consequently, its commercial ship-set backlog continued to rise during 2008. But, alas, that does not bring good tidings!

Boeing announced Friday that employment at its Commercial Airplanes business unit is expected to decline by approximately 4,500 positions in 2009 as part of an effort to ensure competitiveness and control costs in the face of a weakening global economy. The reduction will bring Commercial Airplanes’ employment to approximately 63,500, similar to the level it was at the start of 2008.

via Boeing Cutting 4500 Jobs.

 

* MADERA — Pacific Ethanol announced Friday that it will temporarily suspend operations at its production plant in Madera County beginning today, blaming “unfavorable market conditions” for ethanol production.

via The Modesto Bee | Ethanol plant closes; 40 employees laid off.

 

* Eight Dominos pizza stores are closing the Reno area, according to franchise owner Brandon Jones.

Jones said the latest closures leave 120 to 130 people out of a job.

via Dominos Stores Close; More than 100 Laid Off / Northern Nevada, Reno, Lake Tahoe, News Now, Live Streaming Darren Mack Trial .

 

* DOVER — Production at ElectroCraft’s Dover facility is expected to shut down at the end of April, but that comes as no surprise to the company’s local employees.

Officials at ElectroCraft bucked the trend of same-day pink slips last spring when they gave workers nearly a year’s notice that production would cease.

via ElectroCraft to shut down at end of April – Fosters.

 

* GreenFuel Technologies, the Cambridge, MA-based algae farming company that was seemingly rebounding from technical setbacks and massive layoffs in the summer of 2007, has this morning laid off close to 50 percent of its staff. We received a tip about the layoffs this morning, and they were confirmed by CEO Simon Upfill-Brown in a telephone call.

“We’re still in the middle of this,” Upfill-Brown said. “The facts are it’s about 19 people, just under half” the total staff.

via GreenFuel Hit By Big Layoffs—Nearly Half Staff Let Go This Morning | Xconomy.

 

* WILMINGTON — ABX Air Inc., the contractor which operates DHL’s U.S. freight hub at Wilmington, is laying off an additional 84 employees by Jan. 23 as DHL prepares to transfer the hub’s work to United Parcel Service at Louisville, Ky.

via ABX Air cutting 84 more jobs at Wilmington.

 

* UNCASVILLE, Conn. – Officials at the Mohegan Sun casino say they will be reducing the pay of all 9,800 employees but will avoid layoffs in new cost-cutting moves spurred by declining revenues.

via Mohegan Sun cutting workers’ pay | turnto10.com.

 

* Automated Conveyor Systems in Lynchburg laid off 17 workers last week, about one month after having a similarly sized layoff.

via Automated Conveyor Systems lays off 17 more | Lynchburg News Advance.

 

* Courier Corp. is closing its New Jersey book manufacturing facility, citing the economic troubles plaguing the publishing industry.

The North Chelmsford, Mass., book manufacturer and publisher (Nasdaq: CRRC) said Monday it was closing Book-mart Press, consolidating the subsidiary’s one-color printing operations into its other facilities. Book-mart press employs 72 people and generated approximately $7 million in sales.

via Courier Corp. closing unit – Triangle Business Journal: .

 

* The unexpected closing of a new automotive wheel plant in Sarnia has prompted Mayor Mike Bradley to renew his call for an economic summit into Ontario’s loss of manufacturing jobs.

Ube Automotive has announced it is shuttering the massive plant it opened along Highway 402 in 2002, putting 200 out of work. The first 100 were let go last Frida

via London Free Press – Local News- Bradley renews summit call.

 

* PITTSBURGH–HFF, Inc. announced today that during fourth quarter 2008 it completed a top-to-bottom review of each of its business lines and support functions in light of the current global and capital market conditions. This action was taken to ensure HFF is producing superior value-added services for its clients as efficiently as possible while repositioning select lines of business to take advantage of opportunities that are unfolding in the current global credit and liquidity crisis facing the commercial real estate sector. As part of this process, HFF has reduced its operating costs and expenses which include a reduction in its workforce by approximately 12% equating to 57 positions nationwide.

via dBusinessNews :: Daily Business News Delivered to Your Desktop.

 

* Jan 12 (Reuters) – EpiCept Corp:

* Discontinues drug discovery operations and reduces workforce

* Says actions expected to reduce annual expenses by at least $5.5 million

* Says implementing an approximate 65 percent reduction in its workforce

via BRIEF-EpiCept slashes 65 pct of workforce – Forbes.com.

 

* GMAC said its closing Nuvell Credit Co., its Jacksonville-based subprime lending subsidiary, following its decision to stop funding loans for customers with bad credit.

Nuvell stopped writing new business Jan. 7 in preparation for the closure, which will affect 348 employees in Florida, Arkansas and Texas. A GMAC,spokesman told trade magazine Automotive News that 136 employees will take jobs at GMAC and the other 212 will be laid off.

via Nuvell Credit to close; layoffs coming – Jacksonville Business Journal: .

 

* USA Technologies Inc. said Monday it has laid off 22 people who worked at its Malvern, Pa., headquarters, as part of a cost-saving effort.

via USA Technologies lays off 22 to meet cash requirement – Philadelphia Business Journal: .

 

* Quad/Graphics Inc., the nation’s third-largest privately held printer, said Monday that it will cut back on production, resulting in the layoff of 550 workers in five states, to better match print demand that has softened because of the economy.

via Quad/Graphics scales back production, lays off 550 – The Business Journal of Milwaukee: .

 

* Those rumored layoffs at Tomb Raider: Underworld developer Crystal Dynamics have been confirmed by studio owner Eidos, with the company telling Joystiq that this was a result of “increased the focus on the Tomb Raider franchise at Crystal Dynamics.”

Roughly 30 employees were laid off, including Tomb Raider: Underworld creative director Eric Lindstrom. It is not known if Crystal Dynamics was working on any non-Tomb Raider games–the studio is believed to be wrapping up the 360-exclusive TR:U downloadable content, and doing tentative work on the next Tomb Raider.

via Tomb Raider Dev Sees Layoffs Amidst Increased Focus on Series, Looking at Batman-like Redesign – Shacknews – PC Games, PlayStation, Xbox 360 and Wii video game news, previews and downloads .

 

* SAN FRANCISCO—California State University officials are freezing salaries and hiring to control costs in the face of the state’s budget crisis.

Officials with the 23-campus system announced Friday that salaries would be frozen for senior administrators, including campus presidents and the chancellor.

via CSU officials freeze salaries and hiring – San Jose Mercury News.

 

* AMR Research is reducing its workforce about 10 percent as it retrenches in a poor economy, the company confirmed Monday.

The Boston-based supply chain technology research company said reductions would be across all departments, including a handful individual analysts. The company employs about 200 people.

via AMR Research makes layoffs – Boston Business Journal: .

 

* About 500 Best Buy Co. (BBY) workers, or about 12.5% of headquarters employees, have agreed to voluntary layoffs, including enough company officers that one Wall Street analyst said the move could create a “slight ‘brain drain’” at the consumer-electronics retailer.

via 500 Best Buy Workers, Or 12.5% At HQ, Take Layoff Package.

 

* Cessna Aircraft officials told employees today they plan to cut 2,000 positions from the planemaker’s work force.

“These reductions will affect all pay categories,” Cessna vice president Jim Walters said in a memo to employees today.

via Cessna cutting 2,000 employees | Business Updates | Kansas.com.

 

* Oracle has apparently ushered in the new year with a bit of a bloodletting. Thomas Weisel Partners analyst Tim Klasell says the company has sacked some employees in sales and marketing. “Our sense is that the current reduction was well planned and not a hasty reaction to an unplanned event,” he claims in a research note issued today.

via Oracle Layoffs: Hundreds, Not Thousands | John Paczkowski | Digital Daily | AllThingsD.

 

* Well, we may have to get use to this kind of announcement… Hearts on Fire laid off a number of employees last week; truly a sign of the times. CEO Glenn Rothman just sent me the following statement…

via Layoffs at Hearts on Fire – Cutting Remarks – Blog on JCK Online.

 

* GUELPH — There is early word of layoffs of some 60 workers at the Hitachi plant on Woodlawn Road.

The city lists Hitachi Construction Truck Manufacturing has having about 300 workers in Guelp

via GuelphMercury.com – BreakingNews – Layoffs at Hitachi in Guelph .

 

* Portland’s PCC Structurals Inc. — a division of Precision Castparts Corp., the second-largest publicly traded company based in Oregon — will cut 10 percent of its salaried workers, a PCC spokeswoman confirmed today.

Eileen Drake, PCC Structurals vice president for administration and legal affairs, said the manufacturing company has a little over 400 salaried workers, meaning that about 40 would be let go

via Precision Castparts division laying off workers – Business – Oregonlive.com.

 

* BOISE – A Boise area hospital is laying off employees.

Jennifer Krajnik, St. Alphonsus hospital spokesperson, says 66 employees have been laid off. The hospital now has laid off more than 100 employees in the past year. In March, about 40 employees were let go.

via St. Alphonsus lays off 66 employees | KBCI CBS 2 – News, Weather and Sports – Boise, ID Boise, Idaho | Local & Regional .

 

* EAST FLAT ROCK — General Electric Lighting Systems is adding to its layoffs figure announced in 2007 with a new round of job losses, employees said Monday.

The East Flat Rock plant is expected to lay off about 47 people as a result of an ever tightening economy, the workers said. It is unknown exactly when the layoffs will take place, but the company observes a general rule of last hired, first fired, they said.

via GE to layoff 47 workers | BlueRidgeNow.com | Times-News Online | Hendersonville, NC.

 

* TRENTON — The Hinckley Co. announced Monday that it will be laying off approximately 25 workers at its Trenton facility.

The company stated in a press release that the layoffs are due to “the continued and deepening slowdown in the U.S. economy in general and the marine industry in particula

via The Ellsworth American – Hinckley Announces Layoffs at Trenton Facility.

 

* The severe slowdown in the construction business has triggered 45 layoffs at a Harleyville cement-making plant.

via Giant Cement lays off 45 Dorchester County workers.

 

* TORONTO, Jan 12 (Reuters) – Bell Alliant (BA_u.TO) said on Monday it will cut about 500 management jobs, or about 5 percent of its total workforce, to reduce costs and help it make decisions more quickly.

via UPDATE 2-Bell Aliant to cut 500 management jobs | Industries | Technology, Media & Telecommunications | Reuters .

 

* Evergreen Shipping Agency (America), agent for Evergreen Marine Corp., will consolidate some North American offices and reduce staff in the face of the downturn in the global ocean shipping business.

“The worldwide economic turmoil has created a situation we have not seen in our lifetime,” the company said in a statement to its North America employees. The measures being taken will reduce costs and put the agency on a more sustainable structure moving forward, it

via Pacific Shipper Online — Evergreen to cut US jobs.

 

* Potash and fertilizer producer Mosaic Co. has issued layoff notices to a total of 1,000 workers at two locations in Canada.

Mosaic, headquartered in Plymouth, Minnesota, said Monday the layoffs affect 700 people in Esterhazy, Saskatchewan and 300 at its Cononsay, Saskatchewan operation.

via Mosaic laying off 1,000 in Canada.

 

*Mercy Health Partners is laying off 31 licensed practical nurses (LPNs) next month and will no longer employ nurses with that level of education, hospital officials said Monday.

via Mercy laying off 31 LPNs, will only hire RNs at West Michigan facilities – Muskegon News – The Latest News, Blogs, Photos & Videos – MLive.com .

 

* Saint Alphonsus Regional Medical Center in Boise announced 66 layoffs on Monday and said its patients’ skyrocketing bad debt and charity care are to blame.

via Saint Al’s says it will lay off 66 people, citing skyrocketing bad debt | Business | Idaho Statesman .

 

* GRAND RAPIDS — Steelcase Inc. has warned 300 more factory workers in the Grand Rapids area they may lose their jobs by Feb. 27.

The office furniture manufacturer already issued warnings to another 300 local workers, and, last week, extended expiration dates for those warnings by a month to Feb. 13.

via Steelcase warns 300 more Grand Rapids factory workers may lose jobs by end of February – Grand Rapids, Michigan Business News – The Grand Rapids Press – MLive.com.

 

* ING Groep NV said it will cut 72 Des Moines area workers, part of 750 employees who will lose jobs nationwide.

via ING to lay off 72 in D.M. | DesMoinesRegister.com | The Des Moines Register.

 

* About 260 people will lose their jobs when the J.C. Penney call center in Carmichael closes its doors on March 20.

Citing changes in customer-ordering habits, the Plano, Texas-based retailer confirmed last week that it would shutter the center at Fair Oaks Boulevard and El Camino Avenue.

via 260 layoffs at J.C. Penney Carmichael call center – Latest News – sacbee.com.

 

* Boise Cascade will close its plywood mill in White City, Or., March 13, eliminating 110 positons.

“At this point in time, we consider this a permanent closure,” said spokesman Robert Smith. “We have already experienced numerous temporary curtailments during the past several months in 2008. In fairness to our employees, we don’t think it is appropriate to continue these repetitive curtailments when our market outlook remains dim.”

via Building-Products.com.

 

* In a Form 8-K, Hutchinson Technology (Nasdaq: HTCH) today announced that its workforce reduction will actually total approximately 1,380 or approximately 30% of its workforce.

via StreetInsider.com – Hutchinson Technology (HTCH) to Cut 1,380 Jobs, or 30% of Workforce.

 

* Battle Creek Health System today reported recent staff cuts.

The hospital eliminated 27 staff and 10 open positions from its total workforce of about 1,500 in late 2008 and already this year.

via Hospital announces workforce reductions | battlecreekenquirer.com | The Enquirer.

 

 

- International News -

 

 

* The Financial Times Group is making another 80 redundancies worldwide after opting for further online/print integration and to eliminate overlaps with recently-acquired businesses, which include FTB, Money Media, OCO and Executive Appointments. CEO John Ridding, in a staff memo reproduced below, said the restructure runs across several departments and staff consultation begins today.

via FT Doing 80 New Layoffs: Online/Print Tie-Ups, Ridding’s Memo | paidContent:UK .

 

* Jiangsu-based photovoltaic cell and module manufacturer Suntech Power Holdings (NYSE:STP) plans to cut a total of 4,000 employees, or roughly 30% of its staff, and has stopped production in about half of its factory lines, reports China Business quoting a former Suntech employee.

via JLM Pacific Epoch – Rumor: Suntech to Dismiss 4,000 Employees, Slash Production by 50%.

 

* Zlín/Mladá Boleslav – There is no doubt about it. The first quarter of the new year will bring a wave of layoffs and people without jobs.

Employment agencies are especially worried about this because their employees tend to be the first to go when there are layoffs. And most of the time the people in question are foreigners, for whom losing a job means a very problematic situation.

via Thousands of foreigners losing jobs, legal status – Czechnews – Aktuálně.

 

* IXI Mobile Inc. (Bulletin Board:IXMO) will lay off 30 employees. The company, which is developing the Ogo that is intended to be a mass market BlackBerry, with telephone, e-mail, Internet surfing, and instant message applications, has been plagued by problems over the past year, which was marked by two previous rounds of layoffs.

via IXI lays off more employees.

 

* U.S. drugmaker Pfizer Inc. said Monday it’s cutting 556 sales jobs in Italy as part of its global reorganization plans.

The layoffs, from Pfizer’s total workforce of 2,780 in Italy, will mostly affect sales representatives that visit family doctors. Other sales operations in Italy, including specialty and cancer drugs, will undergo “very minor adjustments or not be affected at all,” Pfizer said in a statement.

via Pfizer To Cut 556 Sales Jobs In Italy As Part Of Operating Reshuffle.

 

* Swedish industrial giant Alfa Laval announced plans on Monday to lay off 1,000 workers globally in the next six months, including 300 redundancies in Sweden.

via Alfa Laval to trim 300 jobs in Sweden – The Local.

 

*ATHENS, Jan 12 (Reuters) – The world’s second largest Coke bottler, Coca-Cola Hellenic (CCH) (HLBr.AT) will cut 150 jobs in Poland from February as part of its efforts to

via Greek Coke bottler to cut 150 jobs in Poland | Reuters .

 

* UP TO 100 Wedgwood office staff are believed to have been axed this morning.

Administrator Deloitte called in support workers at 9.30am to be told the news.

via Wedgwood office staff job loss fears | Wedgwood in administration | Stoke & Staffordshire news.

 

* Jan. 12 (Bloomberg) — Travis Perkins Plc, the U.K. building-materials distributor that owns the Wickes home- improvement chain, has cut 12 percent of its workforce to lower costs amid Britain’s worst housing slump in 25 years, Finance Director Paul Hampden Smith said.

via Bloomberg.com: U.K. & Ireland.

 

* Machinery giant JCB is to cut 684 jobs because of the lack of credit available from banks coupled with continuing low confidence, the company announced today.

via JCB cuts 684 jobs in latest blow – Business News, Business – The Independent.

 

* EIGHTEEN workers have been laid off from the Spectrum building site on Douglas seafront – but developers Dandara insist the move is not linked to the credit crunch or any downturn in the construction industry.

via Dandara lays off 18 workers from seafront site – Isle of Man Today .

 

* ELLESMERE Port-based Gibsons Foods has closed, leaving as many as 240 people out of work.

Production stopped after the food manufacturer told workers the company has gone into administration.

via Ellesmere Port food company sheds 240 jobs – Chester Evening Leader .

 

* TeliaSonera (TLSN: News , TEE.L) announced efficiency measures in the Swedish and Finnish operations, to be implemented in 2008 and 2009. These efficiency measures are expected to result in annual gross savings effects of approximately SEK 5 billion compared to the cost base of 2007 and result in a reduction of approximately 2900 employees, of whom two-thirds in Sweden.

via RTTNews – Latest Earnings,Upcoming Earnings, Pos Pre Announcements, Pos Pre Announcements , Positive Surprises, Negative Surprises, Hot Stocks, Stock Split Calendar, Stock Buybacks, Dividends, Negative, Positive PreAnnouncements,Surprises …. .

 

* Bookshop chain Waterstone’s has announced it will make redundancies after moving to a new distribution system.

But it would not put a number on the job losses to come as it introduces the cost-cutting system for delivering books to its stores.

The announcement comes at a time of difficult trading for Waterstone’s, which last month blamed poor non-fiction demand for a drop in sales.

via The Press Association: Bookshop chain to cut jobs.

 

* A Dublin media company has cut more than 100 workers from its headquarters, citing tough economic conditions.

Inoveris LLC, which does business as Zomax, said in a filing with the Ohio Department of Job and Family Services that it cut 103 workers in Dublin last Tuesday.

via Zomax cuts 103 jobs in Dublin – Business First of Columbus: .

 

* Travis Perkins Plc, the U.K. building-materials distributor that owns the Wickes home- improvement chain, has cut 12 percent of its workforce to lower costs amid Britain’s worst housing slump in 25 years, Finance Director Paul Hampden Smith said.

via Bloomberg.com: U.K. & Ireland.

 

* A DELICATESSEN chain has gone into administration with the loss of 175 jobs.

McLeish Brothers, which has 10 stores in Scotland including branches in Lochrin Square and South Bridge in Edinburgh, employs 205 full and part-time staff.

via 175 jobs lost as McLeish Brothers deli chain into administration – Scotsman.com Business .

 

* Jan. 12 (Bloomberg) — Alfa Laval AB, the world’s biggest maker of heat exchangers, said it will cut 1,000 jobs in the first half after shipmaking customers canceled orders.

via Bloomberg.com: Europe.

 

* SAO PAULO, Brazil (AP) — A top General Motors official in Brazil says the company is laying off 797 temporary workers.

via The Associated Press: Report: GM laying off 797 in Brazil.

 

* Rockwell Diamonds is likely to cut jobs at its Wouterspan operations, the mid-tier diamond mining and exploration company said on Monday.

“Global economic conditions have brought diamond prices under pressure. In this environment, we continue to take steps to improve operational efficiencies and maintain the competitiveness of the company.

via News – Finance/ Labour: Rockwell Diamonds to reduce workforce.

 

 

- Hiring News -

 

 

* NEW BRUNSWICK — The recession is claiming thousands of New Jersey jobs, and yet employers are still recruiting — to fill job vacancies today and to prepare for an economic upturn in the future.That was the message last week at a job fair at Rutgers University that drew 200 employers and thousands of job candidates. Employers said they are still hiring, despite an alarming economic slump that several dated to last October.

Princeton-based R Square, a staffing company that places information technology professionals with companies, was at Rutgers looking for at least 50 job candidates. Sandeep Sharma, vice president of sales and marketing, said the economy slowed dramatically in October, though clients now are more responsive. “But they are getting very selective — they want more and more experienced people.”

Despite Recession, There Are Jobs to Fill

 

* RENO, Nev.—The Hartford Financial Services Group plans to hire 150 full-time workers by spring for a Reno call center.

via Company hiring 150 workers for Reno call center – San Jose Mercury News.

 

* Facebook founder Mark Zuckerberg says the company did “really well” against its revenue expectations for 2008, and that the company is still hiring, especially engineers and salespeople.

via Zuckerberg: Facebook Revenue Growth ‘Really Strong’, Still Hiring

 

Mike: Another busy day for layoff announcements. This is corporate earnings season, so the layoff news may get busier as companies miss estimates and then slash workforces in order to boost share price. Let’s hope for some goodnews tomorrow that slows this layoff train. On that note a little humor.…………….

 

 

Jeff Stahler - Jan 9

Jeff Stahler - Jan 9

 

 

top

January 9, 10, 11 – Unemployment Risies to 7.2% – Highest Yearly Job Loss Since 1945 – Google Rumors – Freightliner Dismisses 2137 – Semitool Chips Away 280 Jobs – Union Pacific Derails 231 – Boeing to Layoff 4500? – Beechcraft Ending 1600 Jobs? – Seagate to Delete More this Month

                                     Mike: Good day to all. Today’s big number is the Employment Situation, which is released at 8:30 EST. The consensus is a loss of 500,000 jobs with the unemployment rate increasing to 7%.    - If these numbers are as expected, the markets may react favorably, but if these numbers are higher than expected, there will likely be an adverse market reaction. I mention the market because companies can use a stronger stock price to borrow money at more favorable rates, which in turn be used to develop more products that require more workers. Also, if a companies share price falls below a certain value, they could be taken over by another company. In that case when the companies merge, the usual scenario is to cut jobs. That’s merely my simple take on the matter.    Mike: The unemployment news is worse than even some of the more dire forecasts as the unemployment rate rose to 7.2%.            

* Breaking newsYet another sobering government labor report released Friday showed the economy lost 524,000 jobs in December, bringing 2008′s total job loss to 2.6 million.

Last year’s steep drop in employment marked the highest yearly job-loss total since 1945.

Economists surveyed by Briefing.com had forecast a loss of 525,000 jobs in the month.

According to the Labor Department’s monthly jobs report, the unemployment rate rose to 7.2% last month from 6.7% in November and higher than economists’ forecasts of 7%.

via Total 2008 job loss: 2.6 million – Yahoo! Finance.

 

The following graph was taken from an excellent unemployment overview from via Mish’s Global Economic Trend Analysis: Jobs Contract 12th Straight Month; Unemployment Rate Soars to 7.2%.

 

In December 2007 I predicted a jobs disaster every month this year. That prediction is now 12 for 12. Here is a synopsis of the BLS report.

Nonfarm payroll employment declined sharply in December, and the unemployment rate rose from 6.8 to 7.2 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment fell by 524,000 over the month and by 1.9 million over the last 4 months of 2008. In

December, job losses were large and widespread across most major industry sectors.

 

Unemployment Rate Soars

Unemployment Rate Soars

Mike: It’s refreshing to see the news media (story below) start to look beyond the stated rate of unemployment to the real unemployment rate, which could be approaching 16% by some estimates:

* But 7.2 percent doesn’t capture how many people are out of work. By another measure — from the same employment report — as much as 13.5 percent of the labor force is either unemployed or underemployed.

- The 7.2 figure everyone knows measures something very specific: the portion of people in the work force who wanted to work, looked for a job last month, but weren’t working during the first week in December.

via The Associated Press: Meltdown 101: Unemployment by the numbers.

 

 

Mike: But on the other hand, the news could have been worse because the monthly number was less than expected. Take your pick; it’s either worse or better than expected. The unemployment rate went up higher than expected, but the number laid off in December was less than expected:

 

Employers cut 524,000 jobs in December, less than economists’ forecast for a loss of 550,000 jobs, according to Thomson Reuters.

While overall job losses were less than expected, the unemployment rate still jumped to 7.2 percent from 6.7 percent a month earlier. The rate is the highest since 1993.

via The Associated Press: Stocks turn higher on monthly jobs report-

 

Mike: Obama’s view of the unemployment situation:

 

 

Mike: Our congressional reps are being rather mum about their upcoming pay raises. They sure don’t deserve a merit raise and in this time of increasing job loss and difficult economic  times, they don’t deserve their inflation raise either. After all, they are the overseers of the economy and they didn’t do their job when doing something like demanding that the SEC or even FBI investigate the shenanigans at Fannie/Freddie would have blown the cover off banking corruption

- I will again urge you to write your representative and remind them of how they failed to heed the warning signs of an imploding economy and as a result they don’t deserve a pay raise. You use the easy contact form at Congress.org to let them know your thoughts.

 

 

Non Sequitur - Jan 8

Non Sequitur - Jan 8

 

 

 

Microsoft/Google/IBM News & Rumors -
  

 

Mike: The rumor mill is a bit quieter today for MSFT and IBM. Hopefully it stays that way.

 

* The search giant that’s redefining the digital age used paper filings with federal regulators to outline layoffs and cost-cutting plans. The analog filing kept investors in the dark for more than two weeks.

Google has announced that it will cut its temporary workforce, but no one is quite sure how many people will be affected. 

via Google Goes Analog to Warn of Pending Layoffs – News.

 

 

* A couple more notes on Microsoft before we get to our big year-in-review / 2009 forecast post tomorrow.

First off, for those that didn’t catch it, this is worth mentioning: Microsoft forgoes South Lake Union lease

via More Signs of Shrinkage at Microsoft? | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area..

 

General Economic News -

 

Mike: Affording health insurance on unemployment is an amost impossible task for many, as this story below shows. I’ll do a post on this soon. Please feel free to post any of your health insurance suggestions for those that get laid off in the comments section:

* America’s ongoing tsunami of pink slips is washing away workers’ health coverage as well as their jobs.

That’s because most laid-off workers cannot afford to pay for temporary continuation of their health insurance through COBRA coverage, according to a report issued this morning by Families USA.

The consumer health advocacy organization said the average national premium cost for family COBRA coverage gobbled up nearly 84 percent of average unemployment benefits in 2008.

via Laid-off workers can’t afford COBRA, report says - Kansas City Star.

 

* According to new employment and business forecast figures released by the Associated General Contractors of America, about two thirds of the nation’s non-residential construction companies are planning to cut their payrolls.

The layoffs are predicted to result in a 30 percent decline in the number of people working on construction projects. The forecast results are based on a representative survey conducted by the AGC in late 2008.

via Large construction layoffs looming - New Mexico Business Weekly:

 

* TORRANCE, CA: Toyota Motor Corp., whose US sales dropped more than a third in December, said it has made PR budget reductions and will seek to “do more with less,” according to Joe Tetherow, national manager of Toyota Division Communications.

 

Tetherow declined to give dollar amounts of the cuts, but said it would have an affect on both internal and agency PR support.

via Difficult sales climate spurs Toyota PR cuts - PRWeek US.

 

* According to new employment and business forecast figures released by the Associated General Contractors of America, about two thirds of the nation’s non-residential construction companies are planning to cut their payrolls.

The layoffs are predicted to result in a 30 percent decline in the number of people working on construction projects. The forecast results are based on a representative survey conducted by the AGC in late 2008.

via Survey: Large construction layoffs looming - Nashville Business Journal: .

 

* Jan. 9 (Bloomberg) — U.S. job losses may double to more than 5 million by the end of 2009, the most since the Great Depression, as a prolonged recession shatters business confidence, economists said.

Payrolls may drop by an additional 2.4 million workers this year, projected Ethan Harris, co-head of economic research at Barclays Capital in New York. The Labor Department reported today that job losses last year totaled 2.6 million, the biggest annual decrease since 1945.

via Bloomberg.com: Worldwide.

 

- Municipal News -

 

* Macomb County commissioners laid off 10 employees Thursday, making good on a promise to cut workers every month until unions cut $10 million from their pension and health care benefits.

via 10 Macomb County workers laid off | Freep.com | Detroit Free Press.

 

* Some part-time employees of the Ross County Sheriff’s Office will be laid off sometime in the next few weeks, new Sheriff George Lavender said Thursday.

via Sheriff’s office to cut workers | chillicothegazette.com | Chillicothe Gazette.

 

* School districts are apparently not immune to the recent plague of layoffs; just days after Syracuse University announced it would cut 48 positions, word got out that West Genesee Central School District would follow suit.

via - West Genesee

 

* AUGUSTA, Maine — Gov. John Baldacci on Friday unveiled an historically austere two-year state budget that includes plenty of pain for everyone.

The $6.1 billion state spending package proposes deep cuts to address an $838 million shortfall due to the recession and increased cost of providing services. It would eliminate 219 state positions, requiring 139 layoffs, trim some state tax rebate programs, transfer many inmates to privately run prisons and reduce public funding of gubernatorial campaigns.

via Maine budget eliminates 219 jobs – Bangor Daily News.

 

* Twenty city employees were laid off Thursday to help close an $11 million budget deficit in the upcoming fiscal year, the city announced late in the afternoon.

“Our focus was on non-core services and non-front-line personnel so as to minimize the impact noticed by the residents,” City Manager Doug Krieger said Thursday afternoon.

via Naperville cuts workforce by 5 percent :: Naperville Sun :: News.

 

* ARLINGTON – Health and cleanliness inspections at Arlington restaurants won’t occur for several weeks after the city recently handed out 19 pink slips to city employees.

via Arlington layoffs may delay restaurant inspections | News for Austin, Texas | KVUE.com | State New

 

* DETROIT — Wayne County officials laid off 44 members of Sheriff Warren Evans’ executive staff Friday, claiming his out-of-control spending on crab, shrimp and other foodstuffs for his employees left them little choice.

Evans is denying most of the allegations, but a Department of Management & Budget report found $928,569 in purchase orders from 2006 to 2008 it labels “abusive spending.” The tally included luxury meals, food for staff Christmas parties and meals for jail inmates that could be bought cheaper or should not have been bought at all, according to the report.

via Sheriff’s spending prompts layoffs | detnews.com | The Detroit News.

 

* Fulton Mayor Ronald Woodward said the layoff of 36 workers at A.L. Lee Memorial Hospital in Fulton is just a taste of things to come.

Lee Memorial will lay off 36 employees by Sunday. Executive director of the hospital, Dennis Casey, cited a decrease in the facility’s inpatient volume as the reason for the layoffs, according to published reports.

via Oswego County Business Magazine.

 

* OLYMPIA, Wash– With the economic downturn, Governor Gregoire has had to make some budget cuts. Some of those cuts include the Department of Corrections.

On Friday the D.O.C. confirmed they will be making some layoffs. KNDU talked to the Deputy Director of the Department. He says besides budget cuts they did a case load forecast.  They found that the number of offenders is going down. Now that means less offenders will be filling beds in Washington State Prisons.

via KNDO/KNDU Tri-Cities, Yakima, WA | Layoffs at WA Department of Corrections.

 

* SARNIA, Ont. — City officials in Sarnia, Ont., meet Monday to deal with the fallout of the latest victim of the sputtering auto industry.

Ube Automotive said over the weekend it will be closing the doors of its wheel-manufacturing plant.

About 200 workers are losing their jobs over the next six months as a result of the shutdown.

via TheSpec.com – Business – Wheel plant Ube in Sarnia, Ont., closing doors, throwing 200 out of work .

 

- US and some Canada News -

 

* Even with the current recession and the industry’s history of up-and-down employment cycles, the layoffs at three area Freightliner plants announced Thursday are staggering.

One truck plant in Mount Holly will be almost completely idled, with nearly 600 workers sent home. Another plant in Rowan County will lose almost 1,300 employees, leaving it with one-fourth the work force it had less than a year ago.

via Freightliner cuts 2,137 N.C. jobs | CharlotteObserver.com.

 

* CHARLOTTE, N.C. — More than 2,000 workers in North Carolina are being laid off because of production cutbacks at three Freightliner plants.

Nearly 1,300 jobs will be cut at the plant in Cleveland in Rowan County. In Gastonia, 275 positions are being cut. And in Mount Holly, 572 jobs will be lost.

via Freightliner announces 2,000 job cuts in NC | WCNC.com | Local News for Charlotte, North Carolina | Local Business.

 

* Stein Mart Inc. is laying off more than 200 employees as it tries to cut expenses as sales continue to fall. The Jacksonville-based retailer reported December sales of $178 million, down 9.3 percent from the previous December.

via Sales fall, Stein Mart to cut 209 jobs – Jacksonville Business Journal: .

 

* Jan. 9 (Bloomberg) — Seagate Technology, the world’s biggest maker of hard-disk drives, plans to cut jobs and reorganize the company as it copes with the slumping economy, Chief Executive Officer William Watkins said.

“We are going to announce another round, and we think we’ll do it in January,” Watkins said today in an interview at the Consumer Electronics Show in Las Vegas. “There will be restructuring, and there will be some layoffs.”

The recession is crimping orders for personal computers, sapping demand for Seagate’s storage products. The company’s biggest rival, Western Digital Corp., announced plans last month to eliminate 2,500 jobs. In 2006, Seagate said it would shed about 6,400 jobs after acquiring Maxtor Corp. for $1.9 billion.

via Bloomberg.com: Worldwide.

 

* WAUSEON — About 100 employees of the former Plastech factory here, now Johnson Control Injection Molding, will be permanently losing their jobs in two months.

 

BATH (AP) — Bath Iron Works has announced the layoffs of 179 workers, the largest single job cut in at least three years.

The cuts, announced Thursday, cover 11 trades including shipfitters, machinists, pipefitters and welders. The effective date of the layoffs is Jan. 23.

via WCSH6.com | Portland, ME | BIW To Eliminate 179 Workers.

 

* About 230 employees of Genworth Financial in Lynchburg are losing their jobs, a Genworth spokesman said this morning.

The company announced in December that it would eliminate about 1,000 positions from its global workforce. It notified affected employees this week. Most affected workers were told on Thursday.

via Genworth laying off 230 in Lynchburg | WSLS 10.

 

* Though AK Steel Corp. said Wednesday it would take back an unspecified number of 365 idled workers locally and restart production in its Mansfield plant, most of those employees have not been called back to work, according to reports released Thursday.

The firm told investors Thursday it will start a company-wide layoff of salaried workers company-wide and will lay off up to 47 employees at one of its other Ohio facilities.

via AK Steel to lay off 47 workers at Ohio plant | mansfieldnewsjournal.com | Mansfield News Journal.

 

* The online “campus” of Colorado State University laid off 12 workers today as part of the site’s efforts to weather the bad economy.

“We’re just being very proactive,” said CSU-Global CEO Rich Schweigert. “I fully expect (the) Global campus to be here in five years, 10 years.”

via CSU’s online campus lays off 12, cuts budget by at least $2M | LovelandConnection.com | Loveland Connection.

 

* Another Siouxland employer is feeling the economic pinch, laying off a handful of employees effective immediately.

MtronPTI out of Yankton, South Dakota says the 15 layoffs are necessary, because of a slowdown in orders.

via More Layoffs Come From Another Siouxland Employer.

 

* At least 1,000 of Alltel’s 2,900 positions in Pulaski County likely will be cut or sent to other states eventually.

Basking Ridge, N.J.-based Verizon closed the deal by paying$5.9 billion for the equity of Alltel, which had been the nation’s fifth-largest wireless carrier.

Between 50 and 75 Alltel employees, mostly at the executive level, were let go Thursday, Verizon spokesman Robin Nicol …

via Verizon closes deal on Alltel; 50-75 jobs cut, more expected.

 

It’s no secret that Warner Bros. is poised to slash dozens if not hundreds of jobs at its Burbank headquarters in the first quarter. The Time Warner Inc. studio will join a train of other entertainment companies including NBC/Universal and Viacom Inc. to cut costs across their operations in the face of tough industry economics and the deepening recession.

Although the number and timing of layoffs at Warner is still being determined, it will definitely impact scores of “back office” workers in management information systems, finance and accounting. Many of those jobs will be outsourced to India and Poland, according to people familiar with the situation. Once Warner finalizes its plans, it will conduct training sessions with the outsource workers at its Burbank lot as well as at its various offices around the world.

via – Warner Bros. outsourcing jobs to India and Poland

 

* Another day brings with it another round of layoffs. Three companies announced job cuts Friday that will affect hundreds of workers in Minnesota.

Cirrus Design Corporation informed employees that 50 administrative positions have been eliminated and nearly 100 furloughed workers will not be returning to work. This comes just days after most of the Duluth-based company’s employees returned to the job after a month-long furlough.

via kare11.com | Twin Cities, MN | Three companies plan to cut nearly 900 jobs in Minnesota.

 

* Between 70 and 80 hourly and salaried employees at ATK’s Lewiston site are losing their jobs at the ammunition maker permanently.

via http://www.lmtribune.com/breaking-news/790/ .

 

* CHARLESTON, W.Va. — The Greenbrier announced Friday that the resort will furlough almost half its 1,350 employees, citing the bad economy and hundreds of empty hotel rooms.

Hotel officials decided to furlough 650 hourly and salaried workers “due to a sharper than normal seasonal decline in business, as w

via The Charleston Gazette – West Virginia News and Sports – News – Seasonal layoffs larger than normal at The Greenbrier .

 

* Crozer-Keystone Health System began eliminating 400 jobs this week.

The Delaware County organization, which employs 7,000 people at five hospitals, notified managers and medical staff of its plans yesterday. Some non-union employees already have left, Kathy Scullin

via Crozer-Keystone Health cutting 400 jobs | Philadelphia Inquirer | 01/08/2009.

 

* News 5 has learned 21 full-time employees are being laid off at Hastings Thermo King manufacturing facility. The layoffs take effect January 16th.

via Thermo King announces layoffs – Top Local Stories – News : KHAS-TV.

 

* Jan. 8–The weakened carpet market and the loss of a major fiber supplier were major factors in Gulistan Carpet’s decision to close its Turnersburg plant in February.

About 120 people are expected to lose their jobs when the carpet yarn plant closes its doors Feb. 28.

via Turnersburg plant to close doors.

 

* MONTREAL, Jan. 9 /CNW Telbec/ – BPR-Bechtel has found it necessary to lay

off 330 workers from its offices across Quebec. This represents a temporary staff reduction of nearly thirty-six percent.

Certain of BPR-Bechtel’s clients are being directly affected by the global economic slowdown, and are consequently reducing their investments,

scale of operations, and numbers of staff. This all, of course, directly impacts BPR-Bechtel and its employees.

via CNW Group | BPR-BECHTEL | Layoffs at BPR-Bechtel .

 

* Beacon Energy Holdings, a US-based company engaged in the production and marketing of biodiesel, has reduced its workforce at its Cleburne, Texas facility. The reduction amounted to approximately 30% of the on-site staff.

via Beacon Energy reduces workforce at Texas facility – Energy Business Review.

 

* Adotas — The new year is starting as badly as last year ended.

World Avenue, an interactive marketing services firm, said today due to market conditions and an expected decline in advertising spending during the first half of the year, it has cut approximately 30 percent of its workforce. The reductions were made in full compliance with the WARN ACT, according to the company.

via World Avenue reduces workforce » Adotas.

 

* DAYTON — The Dayton Art Institute has reduced its work force by 9 percent, according to museum director Jan Driesbach.

Of the institution’s 36 full-time employees, four positions were eliminated as of Wednesday, Jan. 7. In addition, two full-time jobs were reduced to part-time, and an equivalent of four-and-a-half part times jobs were cut by reducing the hours of 15 additional staffers.

via Dayton Art Institute reduces workforce.

 

* Salary.com said it has cut 100 jobs, or 16 percent of its workforce, “in response to the current and anticipated macro-economic uncertainties.”

via Salary.com lays off 100 employees – Daily Business Update – The Boston Globe.

 

* The state of the economy is forcing another area plant to reduce its workforce.

Eramet in Marietta announced employee layoffs Thursday and will continue doing so Friday.

“The company has decided to reduce its workforce by 110 employees,” Joy Frank-Collins, Eramet spokesperson, said.

via Eramet Marietta Plans Layoffs .

 

* Facing economic pressures, yet another local company is reducing its workforce.

Brush Wellman issued layoff notices Wednesday morning to 56 hourly and nine salaried employees.

via Brush Wellman in Elmore lays off 65 people.

 

* Avago Technologies Finance Pte. Ltd. (“Avago Finance”), a leading designer, developer and global supplier of analog semiconductor devices, today announced it will consolidate its worldwide workforce, reducing the number of employees by approximately 230, or about 6 percent of total headcount.

 

* McAdenville-based Pharr Yarns is planning employee layoffs to adjust for the softening in demand for soft spun carpet yarn.

Mel Collins, Pharr’s vice president for human resources, said there wouldn’t be mass layoffs or plant closings and that demand for other product lines remains strong.

via Pharr Yarns to reduce work force | CharlotteObserver.com

 

* Butterball, LLC today announced in a news release it will adjust operations at its Carthage facility, resulting in layoffs to 75 employees.

The changes, scheduled to begin around March 1, 2009, will combine two deboning shifts into one shift. The adjustment is the result of the reduction of turkeys raised on farms in 2008 to help Butterball, LLC properly meet decreased demand projections, the release said.

via Butterball in Carthage to lay off 75 workers | News-Leader.com | Springfield News-Leader.

 

*  Bargain-priced footwear at Niagara Shoe Factory outlets across Niagara will be priced even lower until mid-February when the Port Colborne-based business closes its doors……

Mike Klemm is listed as the owner of the Port Colborne business. According to the city of Port Colborne’s website, the factory employs about 25 people. That doesn’t include the retail portion of the business.

via NiagaraThisWeek.com: News: Story: Niagara Shoe Factory closing its doors.

 

* MasterCraft Boat Co. in Vonore continued layoffs Wednesday, which takes the layoff number to over 100 since early fall 2008.

via The (Maryville, Tennessee) Daily Times : Your source for news and info in the Blount County area. Celebrating serving Blount County for 125 Years..

 

* Vermont Teddy Bear Co. laid off 35 employees today and announced its Waterbury retail store will close at the end of January.

The job cuts, which were spread throughout the company’s Shelburne and Newport locations, eliminated about 14 percent of the company’s work force.

via Vermont Teddy Bear lays off 35 employees | burlingtonfreepress.com | The Burlington Free Press.

 

* Stock Building Supply laid off 9,000 workers in the United States during the past 14 months, president Joe Appelmann told Charlotte’s News & Observer.

The cuts, part of British parent Wolseley plc’s plan to slash its American building materials distribution division’s workforce, come in response to a national housing crunch that has hit building materials suppliers particularly hard.

“When housing is talked about, I think people strictly think about homebuilders,” Appelmann said during a conference call. “There’s an exact trickle-down effect when their business is impacted.”

via Stock Building Supply president: We’ve laid off 9,000 workers in the last 14 months – 1/8/2009 7:42:00 AM – Industrial Distribution

 

BUFFALO, N.Y. The Buffalo News is offering buyouts to about 300 employees in the newsroom and other departments because of tough economic times.

This is the second recent round of buyouts at the Berkshire Hathaway Inc.-owned daily, but the first to include editorial employees. The Buffalo News has about 820 employees.

via - ‘Buffalo News’ Offers Buyouts to Hundreds of Employees – Editor & Publisher

 

* Charlotte law firm Parker Poe Adams & Bernstein has laid off 28 employees, saying it is responding to the economic downturn.

The layoffs included 13 lawyers, four paralegals and 11 other staffers in various practice areas.

via Parker Poe lays off 28 employees – Charlotte Business Journal: .

 

* Thursday, Multi-Color Corp. (LABL: News ) revealed plans to consolidate its heat transfer label, or HTL, manufacturing facility located in Framingham, Massachusetts into its other existing facilities. The transition will begin immediately with final plant closure within the next several months.

via RTTNews – Latest Earnings,Upcoming Earnings, Pos Pre Announcements, Pos Pre Announcements , Positive Surprises, Negative Surprises, Hot Stocks, Stock Split Calendar, Stock Buybacks, Dividends, Negative, Positive PreAnnouncements,Surprises …. .

 

* A large public tools manufacturer is closing its Escondido plant and laying off about 80 employees, some of whom will be rehired at other facilities.

Snap-on Inc., based in Wisconsin, is combining the Escondido operations with those of a Los Angeles-area facility, said company spokesman Richard Secor.

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

 

* More than a dozen farmers in our area say they are losing everything.

As Eyewitness News first reported, Pilgrim’s Pride poultry plant in Live Oak is cutting more than 500 jobs, but the plant’s closing means 19 area chicken growers are down on their luck, too.

These farmers say they aren’t just losing business, they’re losing their livelihoods.

via Local Poultry Growers Lose Farms .

 

* WHITE CITY — The imploding residential housing market dealt Boise Cascade’s White City plywood plant a fatal blow Thursday.

The worst year for housing starts in post-World War II America led the Boise, Idaho, wood products firm to announce it will close the Antelope Road plant and lay off 110 workers on March 13.

via MailTribune.com: 110 jobs lost in White City.

 

* TORONTO, Jan 9 (Reuters) – Canada’s Globe and Mail plans to use voluntary severance and layoffs to cut 80 jobs, or about 10 percent of its workforce, as the national daily newspaper copes with a slowdown in the advertising market, its publisher said on Friday.

via Globe and Mail aims to cut 80 jobs, publisher says | Markets | Markets News | Reuters .

 

* Optisolar, which makes thin-film solar panels and builds large solar farms, has laid off around 300 employees, or half of its staff.

via Greentech Media | Optisolar Lays off 300, Half the Staff.

 

* One of Charlotte’s oldest law firms has become the latest to feel the economic pinch.

Parker Poe Adams & Bernstein laid off 28 employees, including 13 attorneys, to “align the firm’s staffing levels and structure with market demand during the economic recession,” firm officials announced Thursday. The cuts occurred across the 480-employee firm’s six offices in the Carolinas.

via Law firm cuts 28 employees | CharlotteObserver.com.

 

* WAUSEON — About 100 employees of the former Plastech factory here, now Johnson Control Injection Molding, will be permanently losing their jobs in two months.

via Crescent-News.com – Wauseon plant closing, about 100 jobs will be lost.

 

* EVART – The struggling auto ¨ industry brought down yet ¨ another victim Thursday as the PPG Industries Works 23 plant in Evart discussed closure Thursday.

Corporate officials visited the plant to begin negotiations with union officials, according to Plant Manager Mike Soderberg, who declined further comment on the company’s status.

via cadillacnews.com.

 

* About 90 people are losing their jobs as Armor Metal Group plans to close a southern Indiana plant and move at least some of that work to an Ohio factory.

Cincinnati-based Armor Metal plans to close the Madison plant over the next six months. The factory makes shipping and storage containers, racks and other kinds of equipment, mostly under contracts with the federal government and the military.

via Armor Metal closing southern Indiana factory — chicagotribune.com.

 

* Herff Jones, Inc. announced Thursday it will close its manufacturing plant and photography lab in Lewiston, and consolidate the work to their facility in Charlotte, North Carolina.

Herff Jones employs about 275 people at the Lewiston facility. Mike Williams, vice-president of Human Resources for Herff Jones, would not comment on the number of employees affected by the closing, but did say some employees would remain at the Lewiston facility.

via WKBT La Crosse, WI-NewsChannel 8-Herff Jones to Close Lewiston Manufacturing Plant, Photo Lab.

 

* Ryder will close its local operations February 19th.

Plant closings and production cutbacks have led to the shut-down of still another Findlay business.

Ryder Trucking, which has 68 employees in Findlay and Bowling Green, will close its local operations February 19th.

via 1330 WFIN News with Tom Sheldon and Scott Jennings – Findlay Ohio.

 

* Nearly 200 workers at what was once known as the Freightliner plant on Swan Island will lose their jobs at month’s end as part of sweeping cuts by Daimler Trucks North America that will shed 9 percent of its work force

via 190 at Daimler Trucks’ Swan Island plant to lose jobs Jan. 30 – OregonLive.com.

 

* Following what has become a trend among businesses across the country, the state and the community, Straits Steel has had to lay off some of its Ludington employees.

The wire manufacturer has about 85 employees still working, down 15 from 100 prior to the holidays. The company had 180 employees years ago but then after a near plant closing has been at 100 for several years, Varenhorst said.

via Ludington Daily News – News.

 

* SUNRISE, Fla. – Protective Products of America, Inc. (PPA:TSX), a maker of ceramic armour products for military and law-enforcement customers, is cutting its workforce by one-quarter as it awaits a major contract.

Formerly known as Ceramic Protection of Calgary, PPA announced Thursday from its Florida headquarters that most of the staff reduction will affect an unspecified number of contract workers.

via nbbusinessjournal.com – Armour maker cuts workforce by 25 per cent – Breaking News, New Brunswick, Canada.

 

* SARNIA, Ont. – Nova Chemicals Corp. (TSX:NCX), Canada’s largest plastics producer, says it will cut 400 jobs worldwide, including an undisclosed number at its petrochemicals plant in the southwestern Ontario community of Sarnia.

via Nova Chemicals Corp. to cut 400 jobs amid slumping prices and weak demand | AM 1150.

 

* New York & Company said that key components of the restructuring and cost reduction program includes – permanent reduction of 12% of the company’s field management and about 10% reduction in corporate office professionals;

via RTTNews – Latest Earnings,Upcoming Earnings, Pos Pre Announcements, Pos Pre Announcements , Positive Surprises, Negative Surprises, Hot Stocks, Stock Split Calendar, Stock Buybacks, Dividends, Negative, Positive PreAnnouncements,Surprises …. .

 

* PORTAGE, MI — Auto parts supplier Summit Polymers Inc. said Thursday it is closing one of its Portage plants and laying off 215 workers.

The plant closure and 13 percent reduction in its local work force were blamed on lowered car and truck production, the Portage-based company said in a written statement.

via Summit Polymers shuttering Kilgore Road plant; laying off 215 workers – Kalamazoo News – The Latest News, Blogs, Photos & Videos – MLive.com .

 

* WASHINGTON — The Washington Redskins laid off at least 20 employees at Redskins Park in Ashburn, Va., this week and an undetermined number at FedEx Field, according to several sources with knowledge of the situation.

via HeraldNet: Redskins lay off at leat 20 employees.

 

* CHICAGO – Sun-Times Media Group Inc. plans to close 12 weekly newspapers in suburban Chicago and has asked its union employees to take a cut in compensation as part of cost-cutting measures brought on by declining advertising revenue.

The company, which operates the Chicago-Sun Times, also wants to lay off up to 15 employees in suburban newsrooms, a union official told Crain’s Chicago Business for a story on its Web site Thursday.

via Sun-Times Media Group to close 12 suburban papers — chicagotribune.com.

 

* Jan. 8–About 55 contracted workers at Big West refinery have lost their jobs because of problems stemming from the plant owner’s recent bankruptcy filing, a union official briefed on the situation said Thursday.

via Big West lays off 55 workers amid financial turmoil.

 

* Array Biopharma released a statement today confirming rumors that the company laid off 10 percent of its staff. In addition to the 40 employees cut from research and support positions, Array announced it will be scaling back its R&D over the next 2 years. The company expects the restructuring to reduce its burn rate from $30 million per quarter to $20 million. 

via Array biopharma cuts staff, seeks partnerships – FierceBiotech.

 

* Jan 9 (Reuters) – World Wrestling Entertainment (WWE.N) said it plans to cut 10 percent of its global workforce to control costs, and increase earnings and margins.

via UPDATE 1-WWE to cut 10 percent of its workforce | Industries | Consumer Goods & Retail | Reuters .

 

* “There’s a lot of rumors going around. That’s about it,” says Nancy Hamilton. Mark Edminster adds what he’s heard, “1,500 to 1,600 hundred hourly and the rest management, you know indirect people.”

In the next few days, confirmation of one thing will arrive in their mail boxes. A letter, from Hawker Beechcract CEO Jim Schuster, that says layoffs will happen.

via The Kansas CW | Hawker Beechcraft Announces Job Cuts.

 

* Semitool on Thursday announced the layoffs of 280 employees, including about 200 in the Kalispell and Libby offices.

The layoffs also include a “scattering of service/sales people in Texas, California, Minnesota and the East Coast,” the company said in a news release. The few remaining layoffs came at plants in Asia and Europe.

via Semitool laying off 280, mostly in Montana | greatfallstribune.com | Great Falls Tribune.

 

* WEST CHESTER, Ohio — AK Steel Holding Corp. said it will temporarily lay off an undisclosed number of salaried workers due to falling demand for steel.

The company with headquarters in suburban Cincinnati said that the layoffs could become permanent and will likely affect employees in all of AK Steel’s plants and offices. Officials didn’t said how many workers would be affected by the layoffs.

via AK Steel Announces Layoffs For Salaried Workers – News Story – WHIO Dayton.

 

* Cirrus Design officials announced Thursday that 10 employees at the Grand Forks plant have been laid off, citing a worse economic performance than hoped for as the reason behind the cuts.

via Cirrus Design announces 10 layoffs in GF |  Grand Forks Herald  | Grand Forks, North Dakota .

 

* ST. LOUIS | The St. Louis Post-Dispatch is laying off 39 employees, including 14 in the newsroom.

The others are in operations, advertising and finance departments.

Publisher Kevin Mowbray said in a story Thursday at the STLtoday.com that the layoffs result from a fall in advertising revenue caused by the recession.

via St. Louis newspaper lays off 39 employees – Kansas City St

 

* KNOP-TV – Union Pacific Railroad announced Thursday it is temporarily laying off hundreds of employees. In the North Platte area about 231 workers will be off the job.

via Union Pacific lets go hundreds in North Platte – Top Local Stories – News : KHAS-TV.

 

* Intermec said today that it would cut 150 jobs, or 7 percent of its global work force, mainly in selling, general and administrative areas, as it responds to the global economic meltdown. The Everett company said the job cuts will save up to $16 million a year.

via Business & Technology | Intermec to cut 150 jobs, 7% of work force | Seattle Times Newspaper.

 

* The weakened carpet market and the loss of a major fiber supplier were major factors in Gulistan Carpet’s decision to close its Turnersburg plant in February.

About 120 people are expected to lose their jobs when the carpet yarn plant closes its doors Feb. 28.

“It is just the overall state of the economy,” plant manager Frank Wells said

via Turnersburg plant to close doors.

 

* Erickson Retirement Communities, which develops and operates retirement communities in 11 states, laid off 260 employees Wednesday, a 2 percent staff reduction that the Catonsville-based company blamed on the deepening recession.

via Erickson Retirement idles 260 workers — baltimoresun.com.

 

* America’s ongoing tsunami of pink slips is washing away workers’ health coverage as well as their jobs.

That’s because most laid-off workers cannot afford to pay for temporary continuation of their health insurance through COBRA coverage, according to a report issued this morning by Families USA.

The consumer health advocacy organization said the average national premium cost for family COBRA coverage gobbled up nearly 84 percent of average unemployment benefits in 2008.

via Laid-off workers can’t afford COBRA, report says – Kansas City Star.

 

* HAMPTON — What officials called “a significant layoff” occurred at Foss Manufacturing on Friday.

The layoffs represented an attempt by Foss owners to bring the company in line with current economic conditions, said Chief Operating Officer Bill Cummings.

Maine budget eliminates 219 jobsGreenland restaurant and pub closeStrafford County lays off 40 workersCoping with life after a layoffL.L. Bean: Layoffs possible in new yearRetailer KB Toys files for bankruptcy protectionBoston Market closesBeer co. slashing 1,400 jobsCall center to close in Dover; 300 jobs cutTweeter closing doors

An individual who identified himself only as one of the workers laid off Friday indicated that a total of 114 Foss employees were told there were no jobs for them. Cummings said that number was a bit high, but would not comment on the exact number of workers laid off other than to say it was “significant.”

via Foss job cuts ‘significant’.

 

* SACRAMENTO, Calif. — OptiSolar tells KCRA 3 that 105 of its employees from the facility at McClellan Air Park will be laid off Friday.

via OptiSolar To Lay Off 105 Employees – KCRA 3 News Story – KQCA Sacramento.

 

* Cortland, New York (WSYR-TV) – Employees at the BorgWarner Morse TEC facility in Cortland tell us just under 200 workers have been laid off from the Cortland facility and two Ithaca facilities.

 

* In a letter to Hawker Beechcraft employees today, chief executive Jim Schuster said he expects more layoffs at the Wichita planemaker.

“As we enter 2009, we see the economy continuing to erode and find ourselves facing a highly uncertain and unpredictable business climate,” Schuster said in the letter. “As a result we are forced to substantially decrease our 2009 production levels and take the painful step of reducing our work force accordingly.”

via Hawker chief expects more layoffs | News Updates | Kansas.com.

 

* About 85 employees will be affected by Carter’s closing, although a few who live in the Thomasville area will retain their jobs. In addition, Directional will lease a frame operation in Denton, just south of Thomasville, which employs 18 people.

via Directional Furniture buying Carter Furniture assets – 2009-01-08 14:30:32 – Furniture Today.

 

* Global Tungsten & Powders Corp. announced Thursday that it is laying off approximately 60 full-time production workers at its Towanda plant, and is planning to temporarily shut down the plant for one week, the human resources director at the plant said.

 

* The Albuquerque Journal has announced staff reductions as part of a restructuring aimed at reducing costs but said the cuts were limited to fewer than 10 in the newsroom.

via Albuquerque Journal announces layoffs – Forbes.com.

 

* “In response to the economic situation that is affecting everyone, we decided the prudent thing to do was to take a hard look at our expenses and budget,” said Anne Leach, chairwoman of the center’s board of trustees. “By consolidating positions, we are now stronger and leaner.”

The National Steinbeck Center, the cultural hub of Oldtown Salinas, the city’s downtown business district, now has a full-time staff of eight, down from 13 before the layoffs, Leach said.

via Steinbeck Center cuts staff | thecalifornian.com | The Salinas Californian.

 

* Teleflex Marine, which makes boat steering controls, has announced plans to close its Hagerstown area plant, The Herald-Mail in Hagerstown reported.

In a filing with the Maryland Department of Labor, Licensing and Regulation, the company says 93 employees will lose their jobs.

via 93 to lose jobs when Teleflex Marine closes Hagerstown plant — baltimoresun.com.

 

* BELMOND — Eaton Corp., one of Belmond’s top employers, will cut 78 jobs representing about 20 percent of its workforce, company officials announced on Thursday.

via WCFcourier.com – Waterloo and Cedar Falls Iowa News Homepage | News » Breaking News.

 

* MUSCATINE, Iowa — HNI Corp. officials said Thursday they had laid off employees “across the board” in Muscatine in response to sluggish sales of office furniture made by the company.

“We’re not going to announce the numbers,” said Gary Carlson, HNI’s vice president of member and community relations. “It’s several people … We’re doing it at all locations.” 

via MuscatineJournal.com | HNI announces another round of layoffs.

 

* NEW YORK Skippy Haik, publisher of the Hattiesburg (Miss.) American — who garnered praise for living in her office for 12 straight days following Hurricane Katrina in an effort to keep the paper going — is leaving the Gannett Co. daily, the paper announced Thursday.

The announcement stated that Haik’s departure was part of a reorganization that will mean the loss of 38 jobs as the American’s printing is relocated to the Clarion-Ledger in Jackson, also owned by Gannett.

via ‘Hattiesburg American’ Publisher Out, 38 Jobs Cut .

 

* Avago Technologies Finance Pte. Ltd. said Friday it will cut about 230 jobs, or 6 percent of its work force.

via Avago Technologies to cut 230 jobs – Silicon Valley / San Jose Business Journal: .

 

* Meredith Corp. plans to ax 250 jobs, including roughly 100 in Des Moines, and cease publication of Country Home magazine as part of its response to a bad economy and still-declining advertising revenue, the company announced Thursday.

via Meredith magazine cut; 100 lose jobs | DesMoinesRegister.com | The Des Moines Register.

 

* The economy has taken its toll on another Knoxville area company. ImagePoint Inc. said today it will close its sales and manufacturing operations and seek a buyer “for strategic parts of its business.”

The shutdown is immediate and “will include termination of the company’s 450 employees,” according to a press release.

via ImagePoint to sell business units, cut 450 jobs : Business : Knoxville News Sentinel.

 

* Officials with Delco Remy and Roadway Express have confirmed large cutbacks are planned for their Meridian operations.

Roadway Express will make cutbacks as part of a company-wide integration program being implemented by parent transportation company YRC. Some have said as many as 100 or more jobs could be lost.

via Meridian Star – Delco Remy, Roadway to cut local jobs.

 

* KALAMAZOO, MI — The Kalamazoo DesignWare plant expects to layoff 15 workers later this month, or about 5 percent of its local work force, the plant’s owner, American Greetings Corp., said today.

via Kalamazoo DesignWare plant to cut 15 jobs this month – Kalamazoo News – The Latest News, Blogs, Photos & Videos – MLive.com .

 

* Black & Decker announced Thursday it again will cut its U.S. workforce – this time by 125, said Roger Young, vice president of investor and media relations.

The power tool company began notifying those employees who were being laid off this week.

via Black & Decker to cut jobs; Jackson’s Ruby Tuesday still open | jacksonsun.com | .

 

* Sparrow Hospital eliminated 23 managers’ positions Thursday as part of a plan to cut costs at Lansing’s largest health care facility.

via Sparrow cuts 23 manager jobs | lansingstatejournal.com | Lansing State Journal.

 

* Good Samaritan Hospital in Kearney is also feeling the effects of the struggling economy. 

   Good Sam completed its cost reduction plans by laying off 32 employees.

via NTV – KHGI/KWNB/WSWS-CA – Where your news comes first. – Grand Island, Kearney, Hastings, Lincoln | Kearney Hospital Finishes Cut Backs.

 

* TULSA, Okla. (AP) – More than 300 people will lose their jobs because of cutbacks at one Tulsa company and the closure of another.

Penloyd/OFC will lay off 187 employees at its plant in northeast Tulsa. The company makes display fixtures for stores such as Dillard’s and Eddie Bauer and says the recession has cut into their customer’s spending.

via More than 300 to lose jobs in Tulsa.

 

* Sprint Nextel said yesterday it will lay off 160 employees from its Herndon operations. The announcement comes amid frozen credit markets,

economic turmoil and questions about the success of the company’s high-speed Internet technology venture with Clearwire.

via Sprint Nextel to Cut 160 Jobs in Herndon – washingtonpost.com.

 

* Ambassadors Group Inc., which organizes educational travel programs, said Thursday that it plans to cut up to 20 percent of the company’s work

force because fewer families have signed up for its 2009 trips.

via Ambassadors to cut up to 20 percent of its jobs – Forbes.com.

 

* G&K Services Inc., which provides uniforms and facility services, on Friday said it is eliminating 460 jobs, including 340 employees and 120

open positions, from its work force as it aims to trim costs amid weak demand.

via G&K Services cuts 460 positions – Forbes.com.

 

* An Essex company working to install a wind-power project on Grandpa’s Knob in Castleton, Vt., is closing its Rutland office.

Brad King, the local project manager for Noble Environmental Power, says the company has not given up plans for the wind farm in Vermont and will continue to gather data from meteorological towers installed on the ridge last year.

via CT wind company shuts doors in Vermont | Hartford Business.

 

* The restructure was necessary to improve performance, says Motivaction managing director

Agency Motivaction has made 11 staff redundant as part of an internal restructure.

via Motivaction restructure sees 11 jobs cut.

 

* When Teck Cominco Ltd. bought the assets of Fording Canadian Coal Trust for US$14-billion last year, it had one obvious goal: dig up and sell as much coking coal as possible.

via Teck Cominco cuts 1,400 jobs.

 

* U.S.-based home decor retailer Cost Plus Inc (CPWM.O) said it will close 26 stores and reduce its home office and distribution center staff by 18 percent as part of its cost-cutting initiatives amid sluggish economic conditions.

 

* Boeing is expected to announce a major layoff of workers in its Commercial Airplane division later today.

A person familiar with the plan said 4,000 to 4,500 people face layoff.

via Business & Technology | Boeing to announce layoffs today | Seattle Times Newspaper.

 

* UPDATE:

The Boeing news release is posted below.

SEATTLE, Jan. 9, 2009 – Boeing [NYSE: BA] said today that employment at its Commercial Airplanes business unit is expected to decline by approximately 4,500 positions in 2009 as part of an effort to ensure competitiveness and control costs in the face of a weakening global economy.

via Boeing Commercial Airplanes to shed 4,500 jobs.

 

* Grand Island – Saint Francis Medical Center has announced employee layoffs that bring the total to 22 since Oct. 2008. This completes the organization’s planned layoffs.

The total includes those people affected by the closing of the Wood River and Cairo Primary Care Clinics and Wellness Works/Por Su Salud as well as various departments of the hospital.

via NTV – KHGI/KWNB/WSWS-CA – Where your news comes first. – Grand Island, Kearney, Hastings, Lincoln | St. Francis Announces Lay Offs.

 

* To weather the economic storm, hospitals are cutting staff. Good Samaritan has cut 32 jobs in Kearney, and St. Francis another 22 in Grand Island. At St. Francis Medical Center, that’s less than two-percent of the hospital’s 1,200 jobs.

 

Freeport-McMoRan Copper & Gold Inc. will lay off at least 1,550 workers at its Morenci copper mine, the Phoenix-based company said Friday.

The layoffs come on heels of a major cost-cutting plan Freeport unveiled late last year, which included reducing production at mines in Arizona, New Mexico and Colorado and laying off workers at those facilities.

via Freeport-McMoRan to cut mining job

 

- International News -

 

* Japan Airlines, facing a profit slump this year, expects to shed 1,640 jobs by March 2011 as part of efforts to boost efficiency, a company spokesman said.

via Sky News: Japan Airlines to whittle workforce .

 

*  Jan. 9 (Bloomberg) — Canadian employment fell by almost twice as much as expected in December, led by construction, more evidence that the world’s eighth-biggest economy is suffering from the effects of a global recession.

Employers shed a net 34,400 workers after a drop of 70,600 in November, Statistics Canada said today in Ottawa. The jobless rate rose to a three-year high of 6.6 percent from 6.3 percent the month before. Economists surveyed by Bloomberg anticipated the unemployment rate would jump to 6.5 percent and employers would cut 20,000 positions.

via Bloomberg.com: Canada.

 

* The North East of England was hit by a fresh jobs blow today when 150 finance positions were axed following the 1,200 cuts at car giant Nissan.

 

* AMSTERDAM, Jan 9 (Reuters) – Struggling Dutch chip equipment maker ASM International (ASMI.AS) plans to move part of its operations

from the Netherlands to Asia, affecting about 200 jobs, it said on Friday.

via UPDATE 1-ASMI plans restructuring, to cut 200 Dutch jobs | Industries | Technology, Media & Telecommunications | Reuters .

 

* Nissan announced Thursday it will cut 1,200 jobs in the U.K. as it reduces production because of declining consumer demand.

via Nissan to cut 1,200 positions at U.K. plant – MarketWatch .

 

* LONDON (AP) — British builder Bovis Homes Group PLC said Friday that it will shed another 200 jobs and will

not pay a dividend this financial year as sales of its homes fell sharply amid a decline in the British housing market.

via The Associated Press: British builder Bovis Homes to slash jobs.

 

* MORE jobs have been lost in the automotive industry, as both Nissan and BMW joined the list of car makers to cut jobs in the UK after losing sales.

BMW said it was cutting 70 agency staff from its Hams Hall engine-making plant in Warwickshire.

via Birmingham Post – Business – Business News – Automotive Business – BMW to cut 70 jobs at Hams Hall.

 

* LONDON, Jan 9 (Reuters) – British transport operator Go-Ahead Group’s (GOG.L) Southeastern rail franchise said on Friday it was planning to

cut 300 jobs in 2009 due to lower passenger growth and the economic downturn.

via UPDATE 2-Go Ahead unit Southeastern to cut 300 jobs | Industries | Industrials, Materials & Utilities | Reuters .

 

* UNIONS FIGHT MEAT PLANT CLOSURE.

Union leaders are swearing to fight the closure of the Tulip meat plant, in the North West of England, that was announced last week meaning to loss of 300 jobs.

via United Kingdom-Union fights Tulip meat factory closing. : Agriculture – Dairy, Poultry, Pigs, Sheep, Cattle, Veterinary, Diseases

 

- Hiring News -

 

* TAMPA – The FBI in Tampa is joining the agency’s national hiring spree, with four to six jobs posted today, an FBI spokesman said.

Openings in the Tampa office, which covers 18 Central Florida counties, include telecommunications specialist, electronics technician and office service supervisor, FBI spokesman Dave Couvertier said.

On Tuesday, Couvertier said there were no openings in the Tampa office. But that changed. Couvertier urged jobseekers to go to http://www.fbijobs.gov every day for new openings.

The federal law enforcement agency has launched what it describes as “one of the largest hiring blitzes in our 100-year history” and hopes to hire more than 2,100 professional staff employees and 850 special agents nationwide.

via Tampa Office Part Of FBI Hiring Spree; Web Site Fixed.

 

* COASTAL BEND – One of the world’s largest makers of steel pipe announced plans Thursday to build a $1 billion factory in the Coastal Bend.

The Chinese-owned Tianjin Pipe Corporation (TPCO) will now become a part of the San Patricio County landscape.

The factory will be built near the intersection of State Highways 361 and 35, just east of Gregory.

via Multi-Million Dollar Manufacturing Plant Coming To Coastal Bend – KRIS-TV- msnbc.com.

 

* The latest job cuts included 300 at train firm Southeastern, 150 at the Newcastle Building Society and 200 at housebuilder Bovis Homes, while almost 200 jobs were under threat at paving stone maker Marshalls after the firm launched its latest cost-cutting drive to cope with “uncertain” markets.

Prime Minister Gordon Brown has summoned union and business leaders to a jobs summit in Downing Street on Monday, and met Welsh business leaders in Cardiff last night.

via New wave of jobs cuts – WalesOnline.

 

- News you can use -

* PITTSBURGH — A Pittsburgh-area community college is offering free tuition to laid-off workers who want to take classes in five different educational programs.

The Community College of Allegheny County will pay the tuition and fees of laid-off workers that are not covered by financial aid the workers receive.

via Fort Mill Times | FortMillTimes.com – Pa. community college free to laid-off workers – Fort Mill, SC.

 

Mike: Unfortunately for many, it was a very busy layoff announcements day. The weekend is approaching, so the news should be a little

lighter the next couple days. I’ll leave you with a few weekend goodies to lighten the mood a bit. Enjoy your weekend and if any breaking news

arrives, I’ll post it  this weekend……….

 

Mike: This video is a little off the wall, but there’s a lot of truth in the humor:

 

 

Mike: If you like Dilbert……………..

 

 

Mike: Enjoy your weekend…………..

 

 

 - Wang Chung – Everybody Have Fun Tonight -

/div>
 

top

January 8 – Microsoft/IBM Rumors Swirl – Jobless Claims Fall to 467,000 – Lenovo (China)/Dell (Ireland)/TDK (Japan) Layoffs – Spring Global Ends Jobs for 365 – 111 Depart at Trane – 1000 Less Jobs at Schlumberger – Layoff Outrage of the Day: Banks Offshoring IT Jobs –

     

  The Layoff Outrage of the Day

Mike: I thought I would title the daily discussion to save readers any confusion about my intentions, which are simply to highlight a daily kick in the butt to the workers and taxpayers of America. Today I’ll discuss the often mentioned subject of outsourcing. While outsourcing is and will continue to happen, unless we demand accountability from our elected congressional reps, the following example is particularly egregious:  

 

“Offshoring” is a word feared by financial technologists, increasingly with good reason. According to Jerry Luftman, lead researcher of the Chicago-based Society for Information Management (SIM), “offshoring” has become the favorite buzzword of today’s bank CIO, replacing “reengineering” from 10 years ago. (For IT staff, either can amount to being laid off.)

Having crunched SIM’s latest survey numbers, released in November, Luftman has reversed an earlier assertion that “Offshoring is greatly exaggerated.” SIM’s June survey of its 3,600 CTO/CIO members, one in six of whom are in financial services, asked participants how much of their IT budgets they planned to allocate to offshoring. “It’s increasing from 4 percent to 5.6 percent,” reports Luftman, “which is a big jump, considering it’s been flat for about six years and was, in fact, down last year.”

- This confirms what BS&T has been hearing frequently from bankers and vendors: Offshoring and outsourcing are on the rise — as one might expect when there’s an acute need to cut costs. However, as reported in last month’s issue, there are those who predict that the new presidential administration might limit offshoring practices, as President-elect Barack Obama promised during his election campaign…….

Hoffer says that while Union Bank started offshoring in 2006, it really focused on the strategy in 2007. “We’re not looking to have X many offshore [positions],” he reports. “It’s more about ROI.”

via Offshoring of Bank IT Jobs Looks Likely to Rise in 2009 – Bank Systems & Technology.

 

Mike: Let me restate some recent banking bailout news and stats. Why did our esteemed congressional reps send over $350,000,000,000 taxpayer dollars to banks for their, so far, unrestricted use? By the way, that $350 bn doesn’t include the money given to AIG. It was done to prop up a failing system caused by recklessness, corruption and greed. Banks, and non-banks like American Express; which weren’t banks but became banks, were given this taxpayer money to improve their circumstances, which would then improve the taxpayers situation. So how do these titans of banking pay back the taxpayer for the billions of free money

  • Failing banks, with this unfettered money from Uncle Sam, decided to start buying successful banks in order to prop up thier balance sheets. That’s easier than cleaning up their own books and returning to profitability.
  • The same outfits continued to spend lavishly on CEO pay, executive bonuses and retreats to heal their wounded pride.
  • The fed is lending these banks money at 0% interest, while the banks continue to lend at 5%-7% for 30 year mortgages.
  • Banks are reducing credit card limits, cancelling cards and increasing fees and interest rates.
  • Banks are laying off thousands of workers, but keeping those corporate jets and CEO golden parachutes.
  • Banks are saying that they are unable to track their bailout funds. Can you imagine if you told your banker when going in for a loan that you couldn’t keep track of your money, but you want 100k?
  • Now as the story above shows, these banks are outsourcing IT jobs and tech support. They have the gall to beg for billions and then layoff hundreds of thousands and then outsource jobs to other countries. I’m sure there’s a sweet tax break for the banks in job outsourcing provided by our dazed congressional reps.
Mike: And as a result of offshoring and a dismal economy, IT jobs are now paying less:

- The economy is bad, and it’s hitting the IT sector head on.

The country is experiencing the lowest hiring demand for IT professionals in at least 15 years as extensive layoffs, cost-cutting and hiring freezes are putting the squeeze on higher-payed positions, like IT jobs. This is according to a survey of IT salaries from Janco Associates.

The mean salary for IT positions in mid-sized enterprises dropped 2.91% to $73,607. The mean salary for IT positions in large enterprises dropped less; it fell 1.2% to $81,128.

via IT Salaries Tanking | National Spending Journal – By Shoeboxed.

 

Mike: And you can add this to the list of banking deception, dishonesty and delusion:

* The 116 banks that are receiving billions in taxpayer-provided bailout money this year actually paid out $1.6 billion in compensation and benefits to their top executives last year – even though the results at some of these institutions were so poor that they would soon have to turn to Washington for a government-engineered rescue.

via Banks That Got $188 Billion in Bailout Money This Year Paid Out $1.6 Billion to Top Execs Last Year.

Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal is finalized.

* PNC Financial Services Group Inc. (PNC), which will get $7.7 billion from Treasury’s Troubled Assets Relief Program (TARP), is using that cash infusion to help finance its $5.2 billion buyout of embattled National City Corp. (NCC).

via Billions in U.S. Bank Rescue Funds are Fueling Buyouts Worldwide – Instead of Lending at Home.

 

Mike: If you are outraged by this continued taxpayer fleecing there is but one option, and that is to write your congressional reps and demand accountability and an explanation as to why they are allowing this all to happen with congressional approval. You can find your representative easily at Congress.org. Write or call your rep because it’s the only way they will pay attention to American workers

 - Thanks for listening. That’s the Layoff Outrage of the Day: Please feel free to discuss this in the comments area.

 

Mike: - Today’s big news is Thursday: Jobless Claims. which came in better and worse than expected, again. More on this later today.

* WASHINGTON (AP) — New claims for unemployment benefits dropped unexpectedly last week while the number of people continuing to seek aid rose sharply, the government said Thursday.

The Labor Department reported that initial applications for unemployment insurance dropped by 24,000 to a seasonally adjusted 467,000 for the week ending Jan. 3. Wall Street economists expected initial claims to increase to 540,000. The figure partly reflects seasonal volatility that occurs around the New Year’s holiday.

- But the number of people continuing to claim jobless benefits jumped unexpectedly by 101,000 to 4.61 million. That was above analysts’ expectations of 4.5 million and the highest level since November 1982.

via New jobless claims drop unexpectedly – Yahoo! Finance.

 

Microsoft and IBM News/Rumors -

 

* Rumors of Microsoft Layoffs

posted by DOMINIC HOLDEN on WED, JAN 7 at 1:56 PM

Speculation is brewing across the interwebs that Microsoft may announce up to 15,000 layoffs this month. Sources on the Redmond campus, who describe the departments as fragmented, say they’ve heard gossip, but nothing certain. Some have seen budget cuts and hiring freezes in their departments. One source describes the mood as “cautious” and says staffers are “worried.” Most at risk, they believe, are the battalions of temporary contract employees.

via The Stranger | Slog | Rumors of Microsoft Layoffs.

 

Mike: Cutting costs of office space is preferable to cutting jobs:

 

Microsoft has discontinued negotiations over leasing a new office building in Seattle due to the deteriorating economic situation, it said.

The company was originally interested in the building not for new employees but to help alleviate crowding on its suburban campus and to help consolidate business groups, said Lou Gellos, a Microsoft spokesman. The building, still under construction, will have 300,000 square feet of office space.

via Cutting Costs, Microsoft Backs Away From Office Space - PC World.

 

* Rumor Mills Working Overtime On Reports Of Pending Layoffs At IBM, Microsoft Even the biggest IT vendors aren’t immune from layoffs — or at least the rumors of employee cuts – in the current economic environment. This week the blogosphere is rife with rumors that layoffs might be in the works at Microsoft and IBM.

- Rumors of layoffs of up to 16,000 employees at IBM are being fueled by postings on an IBM employee union Website, the Alliance@IBM, part of the Communications Workers of America union. Most of the comments hint of the ax falling around Jan. 22 or 23.

One Jan. 2 posting from “Tipster,” who identifies himself/herself as a Security and Exchange Commission employee, said he/she has seen documents filed with the SEC about layoffs that may come Jan. 23. “IBM is not 100 percent sure; but the fact that we have already been notified of these cuts means there’s a good chance the layoffs will go through,” the posting said.

via Rumor Mills Working Overtime On Reports Of Pending Layoffs At IBM, Microsoft – The Channel Wire - IT Channel News And Views by CRN and VARBusiness.

 

But in press interviews throughout the day, Microsoft executives talked about the economy and fended off questions about layoff rumors.

“We don’t have anything specific to announce,” said Robbie Bach, president of Microsoft’s Entertainment & Devices Division, when I asked him to detail how his division is cutting back on operating expenses. “We do what we always do, which is make sure we’re investing our dollars and our people, talent, in the right places.

via Chief Optimist Ballmer tries to cheer up the tech industry - TechFlash: Seattle’s Technology News Source.

 

* Under the radar

The law, which Gov. David Paterson signed in September, is more stringent than the federal WARN Act, which requires only 60 days’ notice to workers and the state; the federal law also carries weaker penalties.

With Jan. 23 only weeks away, the state Department of Labor has not heard a peep from IBM.

If it is coming out, they’re keeping a big hush on it,” labor analyst Johny Nelson said.

But workers at IBM are on pins and needles, with many posting messages on employee Web sites that the ax is about to fall.

“The stress level has gone through the roof,” said Lee Conrad, national coordinator of Alliance@IBM, a group trying to unionize IBM workers. “People are left to guess because IBM is not forthcoming.”

via Stress levels rise at IBM as word of job cuts swirls - RecordOnline.com – The Times Herald Record.

 

General Economic News -

 

Mike: Even WalMart is finally feeling the economic pinch:

 

* BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc.’s December sales miss analysts’ expectations, and the company is cutting its earnings forecast for the fourth quarter.

via Wal-Mart’s same-store sales miss analyst forecasts – Yahoo! Finance.

 

* NEW YORK (AP) – Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating economy.

Pedestrians walk past Generations Menswear on 8th Ave. in New York Wednesday, Jan. 7, 2009. Retailers are reporting dismal sales for December, confirming fears that the holiday season was the weakest in four decades. (AP Photo/Craig Ruttle)

As merchants reported their sales figures, confirming fears that the holiday season was the weakest in four decades, the malaise cut through practically all areas from kitchen gadget stores to apparel retailers.

via Retailers report dismal December sales - Yahoo! Finance.

 

Mike: I like the thought of legislatures taking a pay cut, yet I have a feeling they will not cut their own paychecks; but they will likely cut everything else they can think of:

Assemblyman Richard Merkt today announced that he will introduce legislation next week in the Assembly to roll back legislative salaries by 10%. The state’s 120 senators and Assembly members currently each receive $49,000 per year, plus benefits, for what is classified as a part-time job. Under Merkt’s proposal, legislative salaries in each house would be reduced to $44,100. 

via MERKT CALLS FOR 10% ROLLBACK IN LEGISLATIVE SALARIES | Politicker NJ .

 

* ALBANY, N.Y. (Jan. 7) - Electronic unemployment filing systems have crashed in at least three states in recent days amid an unprecedented crush of thousands of newly jobless Americans seeking benefits, and other states were adjusting their systems to avoid being next.

via Surge in Jobless Claims Crashes Systems – AOL Money & Finance.

 

Mike: Not something that US businesses should be proud of:

 

A new global study by Right Management has found that employees laid off in the United States earn the least amount of severance pay worldwide – no matter what level of employee or amount of tenure with the organization. The global study across 28 countries draws from more than 1,500 responses from human resource professionals and senior managers responsible for making severance decisions in their organization, including 456 from the United States.

via U.S. employees earn least amount of severance pay worldwide - 01/06/09.

 

- Municipal News -

 

Mike: Missouri is a state that is running out of unemployment benefit funds and needs to borrow from the feds to pay it’s unemployed workers. With luck these newly laid off Missourians will be able to collect their due benefits:

 

* Missouri Gov.-elect Jay Nixon told 150 state employees Wednesday that they will lose their jobs effective next Monday.

via Nixon cuts 150 state workers: bizjournals.com Business News – MSN Money.

 

* RALEIGH, N.C. — The state Department of Transportation has now laid off more than 750 temporary workers, an agency spokesman said Wednesday, as sagging revenues lead to further cost-cutting and delays for highway projects.

via DOT layoffs of temp workers surge beyond 750 :: WRAL.com

 

* The state Department of Mental Health, facing a more than $9 million cut in its budget, yesterday laid off nearly one quarter of the case managers who supervise people with severe mental illness and make sure they get the services they need.

- About 100 case managers received their pink slips or will get them today, said John Labaki, president of the Department of Mental Health chapter of local 509 of the Service Employees International Union, which represents state case managers, clinical social workers, and others.

via Mental health liaisons laid off - The Boston Globe.

 

* POTTSTOWN — There have been more layoffs at borough hall. In addition to the 13 union and non-union positions eliminated as part of the 2009 budget process, add three part-time positions, including the only remaining parking enforcement officer and the borough’s only part-time water meter reader.

via Pottstown lays off more employees - The Mercury News: Pottstown, PA and The Tri County areas of Montgomery, Berks and Chester Counties (pottsmerc.com).

 

* Macomb County commissioners this morning voted to lay off 10 employees in the first round of job cuts this year after union negotiations fell apart earlier this week.

 

- US and some Canada News -
 

* EMC Corp. is slashing 2,400 jobs, freezing salaries and eyeing real estate sell-offs in a comprehensive cost-saving campaign as the recession drags down technology spending. Some 600 workers will be laid off in Massachusetts.

 

* FORT MILL, S.C. — Springs Global announced today it will start phasing out towel manufacturing and distribution operations at the Griffin, Ga facility and transfer production to Brazil. The phase out will begin around February 28, 2009 and be completed within 45 days.

- The announcement affects 365 associates at the Griffin facility located at 349 Railroad Avenue, Griffin, Ga.

via Thomaston Times – Your source for local news, classifieds, business listings and events in Thomaston, Georgia..

 

Economic considerations are forcing the closure of the NetShape Technologies plant at 114 Appalachian Drive in Clearfield.

NetShape Technologies said the Clearfield plant will be consolidated into its plant in Falls Creek. The Clearfield plant will cease operations in June.

The privately held company manufactures powdered metals components for various industries.

via Courier-Express/Tri-County – Clearfield PM plant closing.

 

* The aluminum industry in West Virginia is melting down, and it could be taking Tyler County with it.

- Precision, Inc. in Sistersville has laid off over 20 employees. The plant has over 50 employees. The plant has also been temporarily shut down since Dec. 31. Precision specializes in heavy fabrication and machining of components for aluminum smelters and other production facilities.

via Tyler Star News: Aluminum industry melts down .

 

* JACKSON, Miss. — Regulators said on Wednesday that Mississippi casinos lost about 2,300 jobs in the first 11 months of 2008.

via Mississippi Loses Casino Jobs – Jackson News Story – WAPT Jackson.

 

* CHAMPAIGN – Americall Group has informed the state it will close its call center in Champaign by March 6, affecting 74 workers.

The call center has been in business for nearly 12 years, having operated in downtown Champaign before moving to its current location at 103 S. Country Fair Drive in 2003.

via The News-Gazette.com: Local Americall center will close by March 6.

 

* In response to falling aluminum prices and demand, Alcoa Inc. announced significant job reductions worldwide, including at Alcoa Intalco Works near Ferndale.

- There will be 80 job cuts at the Alcoa Intalco Works facility, and an additional 10 contractor positions eliminated, said Mike Rousseau, plant manager.

via Bellingham, Whatcom County Local News | Bellingham Heral

 

* MONTREAL — The downturn in the newsprint industry has forced Kruger Inc. to cut newsprint production by 25,000 tonnes in the first half of 2009.

The Montreal-based private company says the production cuts will be spread out at two mills in Quebec and one in Corner Brook, N.L. But company spokesman Jean Majeau says a plan has not been finalized on how the cuts will be carried out at the mills.

Job cuts are expected, but the company did not say how the latest cuts will affect its workforce.

via The Canadian Press: Kruger Inc. reduces production of newsprint by 25,000 tonnes.

 

* BUFFALO, N.Y. – A longtime Buffalo company, Frontier Lumber, has been forced to close its doors after nearly 70 years in business.

The Elmwood Avenue lumber and construction supply company had been struggling in these poor economic times making drastic cutbacks last Spring . It finally closed with a workforce of 23 employees

via Frontier_Lumber | WIVB.com.

 

* KIRKWOOD – L-3 Communications Corp. eliminated 11 full-time positions Tuesday at its Link Simulation & Training facility as it prepares for the company’s future needs, spokesman Rick Oyler said.

The layoffs were within the “engineering organization,” he said. He would not elaborate on the specific positions affected.

via 11 workers laid off at L-3 Communications | pressconnects.com | Press & Sun-Bulletin.

 

* In a prepared statement, Trane confirmed this afternoon that it will lay off another 111 hourly production workers because of slow sales.

On Tuesday and Wednesday of this week, we informed employees that we are

laying off 111 hourly production employees due to reduced orders for

Clarksville products. The layoffs are effective Friday,” the statement from Trane General Manager Doug Apelt reads.

via theleafchronicle.com | The Leaf-Chronicle | Clarksville and Fort Campbell news, community, entertainment, yellow pages and classifieds. Serving Clarksville, TN.

 

* The bad news for startups keeps on coming in. This time it’s RubyOnRails application hosting provider Engine Yard that has laid off 15% of its staff, as publicly reported on the company’s blog earlier this week. We’ve contacted co-founder Lance Walley and can confirm that 12 out of 82 people have been let go, across several departments.

via Engine Yard Cuts 15% Of Workforce – Examiner.com.

 

* Jan 7 (Reuters) – Facet Biotech Corp (FACT.O), which was spun-off from PDL BioPharma Inc (PDLI.O) in December last year, said it would cut about 80 jobs as it tries to reduce costs and narrow its focus on oncology drug candidates.

via UPDATE 1-Facet Biotech to cut 80 jobs, narrow focus on oncology | Markets | Markets News | Reuters .

 

* Syracuse, New York (WSYR-TV) – Syracuse University has announced that it is laying off nearly 50 people as part of its plan to cut down on administrative costs.

via Syracuse University to lay off nearly 50 workers - NewsChannel 9 WSYR .

 

* Jewelry television has begun a new round of layoffs at its Knoxville, Tenn., headquarters, according to media reports.

A spokeswoman for the television shopping network was unable to release an exact number of jobs that will be cut but she did say that it will affect all departments.

via More Layoffs at JTV - 1/7/2009 2:39:00 PM – JCK-Jewelers Circular Keystone.

 

* ONEIDA, N.Y. – Oneida Ltd., once the world’s pre-eminent flatware maker, is closing its remaining 20 retail outlet stores in North America.

Beginning Friday, the company will hold inventory clearance sales at its outlets. The sales are expected to be completed by April.

via Oneida Ltd. to close North American outlets — Newsday.com.

 

* ICT Group Inc. said Tuesday it plans to close all or part of six call centers in the United States and Canada and reduce staffing at its European and Australian call centers as part of a plan to move its call-center operations to countries with lower labor costs.

via ICT closing call centers, seeking lower-cost sites – Philadelphia Business Journal: .

 

* CRANFORD, N.J. – (Business Wire) Beacon Energy Holdings, Inc. (OTC Bulletin Board: BCOE) (“Beacon” or the “Company”), an emerging producer and investor in the developing biodiesel sector, announced today that it had reduced its work force at its Cleburne, Texas facility (the “Texas Facility”)…………

 The duration of this scale-back will be determined by numerous factors including anticipated future sales volume. The reduction amounted to approximately 30% of the on-site staff.

via Beacon Energy Holdings, Inc. Announces Reduction in Work Force.

 

* WALNUT CREEK — Virgin Mobile USA has decided to shut its offices here in a move that will eliminate nearly 200 jobs once the cutbacks are complete by early 2009, the wireless services provider said Monday.

For the most part, the devastating economic slump nationwide and globally did not unleash these job reductions at Virgin Mobile.

via Virgin shuts Walnut Creek office; 200 jobs gone – Inside Bay Area.

 

*  WEIRTON, W.Va. — Weirton Medical Center announced Wednesday that it is reducing its workforce by approximately 36 full-time equivalent employees.

via Weirton Medical Center Announces Workforce Reduction - News Story – WTOV Steubenville.

 

Koch Industries is in the process of reducing its Wichita work force by about 150 employees, the company told The Eagle today.

That represents about a 7 percent reduction since the moves began in November.

via Koch cutting 150 from Wichita work force | Business Updates | Kansas.com.

 

* WESTFIELD, Mass. (WWLP) – Noble Hospital in Westfield has announced that 9 workers have been laid off from the hospital’s clinical and non-clinical areas.

 

* The Marcus Whitman School District will lay off 12 full-time teachers and one part-time employee in the next school year. Additionally, a vacancy that will be left by a teacher’s retirement at the end of this school year won’t be filled.

via Whitman to cut 12 teachers – Canandaigua, NY – MPNnow.

 

* “In addition, Ahlstrom has started the process of reducing personnel at several plants globally,” Lang said. “The adjustments concern personnel both in the Specialty Papers and the Fiber Composites segments,” he said, adding that the measures will result in a reduction of around 150 employees.

via Journal Inquirer > Business > More cuts at Ahlstrom.

 

* SAUK RAPIDS — A cabinet maker laid off a “substantial” number of employees Wednesday in response to a weak economy and called in state advisors to talk to the newly unemployed about what happens next.

Crystal Cabinets Works Inc. cut employees at its offices in Sauk Rapids and Princeton. It refused to say how many workers were let go at both offices but said it employed 560 before the job cuts.

via Crystal Cabinets announces \”substantial\” layoffs | sctimes.com | St. Cloud Times.

 

* The LPGA wasted little time in gearing up for a season that doesn’t begin until next month.

Several staff members were promoted in a “reorganization of business functions’’ that Golfweek has learned also resulted in as many as seven layoffs.

Commissioner Carolyn Bivens, speaking with Golfweek in response to the tour’s Jan. 7 news release announcing the changes, would only confirm that chief operating officer Chris Higgs was among those who were let go.

via LPGA Tour | LPGA shakeup: Promotions, pink slips

 

Hartwell’s Tenneco plant is still in business, but 127 employees learned Wednesday morning they will be laid off for the rest of January.

The plant normally employs about 300 workers.

via The Hartwell Sun Online

 

* Wednesday, Asyst Technologies, Inc. (ASYT: News ) announced that it would additionally cut 15% of the company’s global workforce to further reduce the company’s break-even level and improve cash flow in response to continued weakness in the semiconductor equipment industry.

via RTTNews - Quick facts Articles, Positive EPS Surprises, News Analysis, Earnings, Audio News…. .

 

* SAN FRANCISCO — Google Inc. has jettisoned a substantial number of temporary workers in a recent austerity drive spurred by the recession, although the Internet search leader still intends to spend billions of dollars during the next two years on product research, development and acquisitions

via Google cuts temp jobs but murky on details – ContraCostaTimes.com.

 

Morganton – Valdese Weavers laid off some workers this week.

Mike Shelton, president and CEO of the company, wouldn’t say how many were laid off but the workers included salaried and hourly, with some management positions involved.

via More Valdese Weavers workers lose jobs.

 

* FORT MILL, S.C. — Springs Global announced today it will start phasing out towel manufacturing and distribution operations at the Griffin, Ga facility and transfer production to Brazil. The phase out will begin around February 28, 2009 and be completed within 45 days.

The announcement affects 365 associates at the Griffin facility located at 349 Railroad Avenue, Griffin, Ga.

via Thomaston Times - Your source for local news, classifieds, business listings and events in Thomaston, Georgia..

 

WENATCHEE — For the first time in recent memory, the Chelan County PUD has announced layoffs. It will eliminate 10 jobs at its two Columbia River dams to cut costs.

via - Chelan PUD to cut 10 jobs at dams

 

Austin-based Motion Computing Inc. said Wednesday that it cut about 30 workers, or roughly 25 percent of its work force; the company also announced the departure of CEO Scott Eckert.

via Motion Computing cuts about 30 workers.

 

* As skittish consumers scrap plans for elaborate holiday trips, the phones at Collette Vacations have quieted. Advanced booking for travel this year is down 21 percent.

Yesterday, the Pawtucket-based company said it was laying off 40 employees, 9 percent of its global work force.

via Collette lays off 40 as recession hits travel industry | Business | projo.com | The Providence Journal .

 

The One Laptop Per Child initiative laid off about half of its staff Wednesday, leaving 32 employees on reduced salaries to forge ahead on “a new path that will allow us to realize the moral purpose of OLPC,” according to OLPC founder Nicholas Negroponte.

via OLPC Sacks Half Its Staff, Reboots Mission – Custom Systems/White Box – IT Channel News by CRN and VARBusiness.

 

* NEW YORK (MarketWatch) — Cytec Industries Inc. (CYT: 23.51, -0.52, -2.2%) lowered its 2008 adjusted-earnings forecast to $3.45 to $3.50 a share, compared to a prior range of $3.75 to $3.85 a share. The West Patterson, N.J., specialty chemicals and materials company said it would also lay off about 10% of its workforce, or 600 employees, due to the downturn in the global economy.

via Cytec cuts 2008 outlook, slashes jobs as economy sinks – MarketWatch .

 

Greater Baltimore’s work force is shrinking by another 250 jobs.

Shipping giant DHL Express Inc. plans on laying off 123 employees at its Baltimore facility and 65 in Hunt Valley, according to a notice the company filed with the Maryland Department of Labor, Licensing and Regulation.

via DHL Express, Old Mutual detail layoffs in state DLLR filings – Baltimore Business Journal: .

 

About 70 employees of Roadway Express at 3700 78th Ave. West, Rock Island, will be laid off by March 1, the parent company, YRC Worldwide, has said.

According to a news release from YRC Worldwide, the facility will employ about 60 people, down from the current work force of about 130. Some laid-off employees may be able to transfer to other regional facilities, the news release added.

via Rock Island’s Roadway Express to lay off 70 employees / QCTimes.com.

 

* NEW YORK (AP) -- Drugstore operator Walgreen Co. says it will cut 1,000 jobs this year, or about 9 percent of corporate management, through a combination of voluntary buyouts and layoffs.

The Deerfield, Ill., company says the job cuts will come from corporate and field management and won’t include store employees. The targeted workers will be able to resign or retire with severance pay and benefits based on their tenure.

via Walgreen will cut 1,000 management jobs in 2009 - Yahoo! Finance.

 

* NEW YORK (AP) — Department-store operator Macy’s Inc. said Thursday it will close 11 underperforming stores in nine states – affecting 960 employees – and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years.

Stores slated to close include locations in Los Angeles, West Palm Beach, Fla., Nashville, Tenn., and St. Louis, among others. Cincinnati-based Macy’s Inc. says the closures will cost about $65 million, most of which will be booked in the 2008 fourth quarter.

via Macy’s will shutter 11 stores in 9 states – Yahoo! Finance.

 

* Sprint Nextel’s top executive said Wednesday that — even though signing more customers is the top priority — more job cuts are coming in 2009.

“From a profitability point of view, job one has to be about doing something about the top line and subscriber numbers,” Dan Hesse, Sprint’s chief executive officer, said Wednesday during an investment conference in Arizona.

“We can take costs out and we will continue to do that, just like we did last year,” Hesse said. “We will do more of that in 2009.”

via Sprint Nextel’s leader says company will cut more jobs - Kansas City Star.

 

* OTTAWA, Jan 8 (Reuters) - Teck Cominco Ltd (TCKb.TO: Quote, Profile, Research) will cut about 1,400 jobs, or 13 percent of its staff, as part of its plan to clip costs and keep competitive as commodity prices remain weak, the Canadian mining company said on Thursday.

via UPDATE 1-Teck cuts 1,400 jobs, 2009 coal production | Markets | US Markets | Reuters .

 

* Oscilloscope maker LeCroy Corp. yesterday said it was cutting jobs, pay and retirement plan contributions in the face of a weakening global market for both its sophisticated electronics and those of its competitors.

Chief Executive Officer Tom Reslewic said the company would eliminate about 45 jobs, or about 10 percent of its global work force. Only a “fraction” of the job losses would occur among the staff of 190 at its Chestnut Ridge headquarters, he said.

via LeCroy cuts jobs, pay, benefits due to economy | lohud.com | The Journal News.

 

* The west Michigan based maker of Hush Puppies and Merrell footwear said this morning it would cut 450 jobs worldwide and likely close its Rockford tannery.

Wolverine World Wide said the job cuts in the U.S., Canada, Europe, Asia and the Dominican Republic would result in a pretax annual savings of $17 million to $19 million.

via Shoemaker Wolverine World Wide to cut 450 jobs | Freep.com | Detroit Free Press.

 

* The Crozer-Keystone Health System, Delaware County, Pa.’s largest employer, said it is planning to cut up to 400 positions in a cost-reduction move.

via Crozer-Keystone Health cutting up to 400 jobs - Triangle Business Journal: .

 

* KENTWOOD — X-Rite Inc. said today it will cut 90 jobs and incur $3.5 million in restructuring charges for 2009. The moves are expected to save $20 million, after the company weathered a tough fourth quarter and a chill in business.

via X-Rite cuts 90 jobs, lowers 2008 sales estimate – Grand Rapids, Michigan Business News – The Grand Rapids Press – MLive.com.

 

* While the il mostro racing yacht they built for Puma Racing departs from Singapore Saturday on the next stage of its around-the-world race, Goetz Custom Boats is riding out stormy seas back at home.

Effective Tuesday, Jan. 6, the company has been petitioned into receivership and all of its 75 workers have been laid off.

via EastBayRI.com.

 

Windsor Vineyards laid off 16 workers this week in response to the tough sales environment for high-end wines.

via Windsor Vineyards lays off 16 workers | PressDemocrat.com | The Press Democrat | Santa Rosa, CA.

 

* WTAP has just learned that Eramet Marietta will be announcing employee layoffs Thursday and Friday.

An Eramet spokesperson says 110 employees will be notified over the next few days of the layoffs.

via Eramet Will Lay Off 110 Employees .

 

* DES MOINES, Iowa — Meredith officials announced Thursday that close to 250 employees will be laid off nationwide.

Officials said 100 of the jobs will be cut in the Des Moines offices.  Nationwide, the company employs more than 3,500 people.

via BREAKING NEWS: Meredith Announces 250 Layoffs – Des Moines News Story – KCCI Des Moines.

 

* HARRIS TOWNSHIP — Brush Wellman’s Elmore plant laid off 56 hourly and nine salary positions Wednesday morning, Plant Manager Randy Drummond said this morning.

 

* Jim Schuster, chairman and CEO of Hawker Beechcraft Corp. sent all employees a letter today notifying them of pending job reductions.

In the letter, Schuster cites the current economic conditions and an “unpredictable business climate” as reasons why the company will be forced to lower its production level for 2009.

via Hawker Beechcraft to commence with more layoffs – Wichita Business Journal: .

 

* The struggling economy is to blame for a round of layoffs at the Burlington Northern Santa Fe (BNSF) railway operation in La Crosse.

- 30 train crewmen, including conductors and engineers, were laid off in La Crosse, according to Steve Forsberg, general director of public affairs for BNSF.

via WKBT La Crosse, WI-NewsChannel 8-30 BNSF Employees Laid Off in La Crosse.

 

Mike: Canadian mining is taking a beating. That’s not a good sign in a country so dependent on natural resources as a means of wealth:

 

* A mining project on the Baie Verte Peninsula is the latest sector of the province’s natural resources industry to feel the pinch of worldwide financial challenges.

- Rambler Metals Mining announced today that it will scale back operations at its Ming copper-gold project and lay off 18 employees.

via TheWesternStar.com: Business | Layoffs announced at mine on Baie Verte Peninsula .

 

* Only a little more than a month after an earlier round of job cuts, Butler-based Burt Hill laid off nearly 50 people Thursday from its international studio office located Downtown.

J. Rossi, the chief marketing officer for Burt Hill, the Pittsburgh region’s largest architecture firm, said the firm’s latest layoffs were caused by some major projects being put on hold in Dubai.

via Architecture firm Burt Hill cuts 50 jobs in Pittsburgh office; Dubai slowdown blamed – Pittsburgh Business Times: .

 

* Jan 8 (Reuters) – Bank of America Corp (BAC.N: Quote, Profile, Research) began laying off staff in its investment bank and capital markets group, the New York Post said, citing sources.

via Bank of America begins layoffs - NY Post | Markets | US Markets | Reuters .

 

* MIDDLETOWN — About 45 workers will be laid off at AK Steel’s Middletown Works facility, union officials confirmed this afternoon.

The layoffs are in response to decreasing demand for the company’s products, said Scott Rich, president of the International Association of Machinists and Aerospace Workers Local Lodge 1943 — which represents hourly workers at the Middletown Works.

via AK announces layoffs at Middletown Works.

 

* Sluggish business is getting the blame for more layoffs at a Watertown manufacturer.

- Stature Electric in Jefferson County’s Industrial Park temporarily laid off 17 of its workers for an indefinite period of time.

via More Layoffs At Stature Electric : WWNY TV 7.

 

Musashi Auto Parts Canada Inc. is feeling the effects of a reeling automotive industry and just prior to Christ mas it laid off 81 em ployees at its Arthur plant.

via The Wellington Advertiser – Complete Article.

 

Mike: This is one of the downsides of cheap oil:

 

Schlumberger, the world’s largest oil field services provider, has begun cutting about 5 percent of its North American work force amid a downturn in oil and natural gas drilling.

The cuts , which started Wednesday, will eliminate up to 1,000 administrative, operations and contractor jobs from the company’s 20,000-strong work force in North America, company spokesman Stephen Harris said today. Up to 100 jobs will be cut among the company’s 5,000 employees in the Houston area, he said.

via Schlumberger to cut 1,000 jobs, up to 100 in Houston | Energy | Chron.com – Houston Chronicle

 

* VIROQUA, Wis. – A company that manufactures supplies for ATMs and retail checkout machines said Thursday it will close its plant in Viroqua (vir-OH’-kwah).

NCR says it will end its 40 years of production in Viroqua by March 31, idling about 80 workers. Company spokesman Alan Ulman says production in Viroqua will be moved to NCR’s plant in Morristown, Tenn.

via NCR closing Viroqua plant -- chicagotribune.com.

 

* The slowdown in the housing market is claiming another victim. Door maker Jeld-Wen is closing its Rockford distribution facility as of Feb. 17, idling 40 workers.

The Portland, Ore.-based company did not renew its lease at the 5960 Falcon Road facility, according to a news release. Several years ago, Jeld-Wen ramped up door operations at other Midwest locations to serve the then-thriving housing business.

via Jeld-Wen’s Rockford plant to close - Rockford, IL – Rockford Register Star.

 

* According to Tami McLallen, American Airlines spokeswoman, on Friday, Jan. 16, the airline will lay off 170 workers at its main overhaul base at Kansas City International Airport as part of a planned staff reduction.

via American Airlines to lay off 170 employees in K.C..

 

About 55 contracted workers at Big West refinery recently lost their jobs because of problems stemming from the plant owner’s bankruptcy filing last month, a union official briefed on the situation said Thursday.

via Big West lays off 55 workers amid financial turmoil - Today’s Paper > Local News | Bakersfield.com – Kern County news, events,shopping & search .

 

* The Freightliner truck manufacturing plant in Cleveland will reduce its workforce by 1,290 workers effective March 13.

The second shift will be discontinued.

- In total, 2,327 production line and shop positions are being wiped out at Freightliner’s four manufacturing plants, including three in North Carolina. The Mount Holly plant will become idle, with the exception of limited component assembly activities.

via SalisburyPost.com – Area – Freightliner laying off 1,290 in Cleveland .

 

* The diamond exploration company is also laying off 89 employees as part of the cutback.

Saskatoon-based Shore plans to spend $17.9 million this year, including $2.5 million on its Star property, $1 million on Star West and $9.5 million at the Fort a la Corne joint venture.

via Shore Gold scales back budget, lays off 89 employees 

 

Vistakon, the Jacksonville-based contact lens maker, is laying off 85 employees.

Officials with the company confirmed today about 110 employees of the company are being let go, with 85 in Jacksonville.

via Vistakon laying off 85 workers in Jacksonville | Jacksonville.com.

 

* Window and door manufacturer Andersen Corporation announced layoffs Thursday.

Andersen, which is based in Bayport, permanently cut 50 employees.

via KSTP TV – Minneapolis and St. Paul – Anderson Corp. announces layoffs .

 

* In a Dec. 17 letter to the Indiana Department of Workforce Development, plastics manufacturer Fortis Plastics LLC said it intends to move its Elkhart operations to an existing plant South Bend.

In the letter, Fortis stated 75 employees will be transferred to South Bend facility, while others will be laid off. The company stated it had not yet determined which employees would be transferred or laid off.

via Plastics maker to close Elkhart plant.

 

* Officials with Andersen Corporation announced layoffs at the company’s Bayport, Minn., and Cottage Grove, Minn. in a late-afternoon press conference.

The company will be making 50 permanent layoffs and approximately 400 employees will be laid off temporarily.

via Andersen announces layoffs at Bayport and Cottage Grove |  New Richmond News  | New Richmond, Wisconsin .

 

Plum Creek Timber Company announced another round of layoffs Thursday, eliminating a total of 145 jobs and leaving an additional 221 employees temporarily out of work in Kalispell, Columbia Falls, Fortine and Pablo.

via Plum Creek Announces Sweeping Round of Layoffs; 145 Jobs Lost | Flathead Beacon.

 

* BOSTON: Shift Communications has cut about 10% of its workforce in response to gloomy PR forecasts in 2009.

Eleven staff members were told today, January 8, that they would be let go, according to Jim Joyal, a principal at Shift. The layoffs were spread almost evenly between the firm’s San Francisco and Boston offices. Those let go were “mostly but not exclusively” junior level staffers, Joyal noted. 

via Shift cuts 10% of staff - PRWeek US.

 

* As a result of cutbacks during the current economic downfall, the Lozier Corporation is closing its Cedar City location.

Dave Fox, plant manager, said the company is phasing out production beginning in March, and is officially closing in August.

There are currently 82 employees at the plant, located at 5080 West 400 N, and primarily produces store fixtures like display shelving for companies including Wal-Mart, Fox said.

via Lozier plant to close, 82 possible job losses | thespectrum.com | The Spectrum.

 

- International News -

 

* TOKYO – Japanese electronics component maker TDK Corp. said Thursday it would cut 8,000 workers and post its biggest net loss ever this fiscal year, due to falling orders and a stronger yen.

The company — known to consumers for its DVDs, audio tapes and other recording media — will cut the jobs as it closes four factories outside of Japan, said spokesman Kazutoshi Kogure. He declined to comment on which factories it would close.

via Japan’s TDK to cut 8,000 jobs, forecasts loss – Yahoo! News.

 

* With rumours still circulating that Microsoft Corp. may be on the brink of jettisoning thousands of jobs from its global workforce, computer manufacturer Dell Inc. has become the latest industry heavyweight to crack beneath mounting economic pressures.

Specifically, recent rumours suggesting the onset of significant job losses at Dell have now panned out after the Texas-based giant confirmed that 1,900 employees at its long-serving facility in the west of Ireland are to be cut free as the company strives to reduce its costs.

via Dell culls 1,900 Irish jobs while turning to cheap Polish labour - Business.

 

Dell has confirmed the worst fears of Irish officials after announcing that it will cut 1,900 of the 3,000 jobs at Limerick in the Irish Republic, ending production at its largest manufacturing plant outside the US. The move is a massive blow for the Irish economy, and comes as the PC maker seeks to cut $3 billion (£1.99 billion) of costs globally.

Last month analyst house IDC warned that slowing demand for new equipment could affect PC makers next year, leading to industry consolidation.

via Techworld.com – Dell joins EMC and Lenovo in axing staff.

 

*  NAKHON RATCHASIMA, Jan 8 (TNA) – After experiencing global economic recession and declining purchase orders from overseas, two major foreign firms producing auto and electronics parts laid off 623 of their employees Thursday with severance pay.

 

Chinese PC maker Lenovo confirmed Thursday that it is carrying out a restructuring, which involves the company letting go of 2,500 employees–about 11 percent of its workforce.

With the changes, the company is targeting to save $300 million annually, according to a Singapore-based company spokesperson.

The announcement comes after a report surfaced earlier this week, saying that the PC maker would lay off 200 employees in its Beijing-based headquarters, including around 10 senior management staff. In response to queries from ZDNet Asia, Lenovo had dismissed the report as rumors.

via Lenovo to cut 2,500 jobs amid restructuring | Business Tech – CNET News.

 

WORKERS were reeling yesterday after the world’s biggest beer maker announced it was shutting a British brewery with the loss of 182 jobs.

ANHEUSER-BUSCH INBEV blamed tough trading conditions and high beer duty for its decision to close the historic Stag Brewery in Mortlake, South-West London.

Beer making began at the site in the 15th century and Budweiser has been produced there for over a decade.

The brewery, which also produces Bud Ice and Michelob, will shut next year.

via Sun City | Market report | All the latest business news | The Sun |News|Sun Money|Sun City.

 

* Staff at Total Produce in Lansdowne Road, Norwich, have been told the firm will shut its doors later this month.

The firm, which was formerly known as Fyffes, said 44 jobs would be lost. The closure will leave only one fruit and vegetable wholesaler in the area.

via BBC NEWS | UK | England | Norfolk | Job losses as wholesaler closes.

 

* THE Capital’s economy suffered another blow today after it emerged that 135 jobs have been lost following the liquidation of a printing company.

Leith-based Summerhall was liquidated just one month after being saved from administration by Livingston firm Stewarts.

via 135 jobs lost at Summerhall - Scotsman.com Business 

 

* ANKARA, Jan 7 (Reuters) – Turkish auto maker Tofas (TOASO.IS), a joint venture of Italy’s Fiat (FIA.MI) and local group Koc, said on Wednesday it had laid off 657 workers amid poor demand for cars.

via UPDATE 1-Turkey’s carmaker Tofas lays off 657 workers, 241 leave | Industries | Consumer Products & Retail | Reuters .

 

* Aleris International Inc. has set a one-month shutdown-possibly longer-for most of its specialty alloy production capacity in Coldwater, Mich., resulting in the temporary layoff of 100 workers.

via (AMM) Aleris idling Mich. specialty alloy plant (UPDATE) – Metal Bulletin .

 

Mitsubishi Motors is preparing to cut some 900 more jobs as Japanese automakers downsize to cope with a slump in demand for cars, media reports said Wednesday.

via Mitsubishi Motors plans 900 more job cuts › Japan Today: Japan News and Discussion.

 

* Jan 7 (Reuters) – Fair Isaac Corp (FIC.N), a provider of credit-scoring system, said it would cut 250 jobs globally as part of an ongoing cost-reduction program and expects to reduce expenses by about $40 million in fiscal 2009.

via UPDATE 1-Fair Isaac to cut 250 jobs worldwide | Industries | Financial Services & Real Estate | Reuters .

 

* Profits slide at Grant Thornton

Grant Thornton is first big accounting firm to show the effects of the economic downturn, after reporting a fall in profits in 2008

Grant Thornton has become the first big accounting firm to report a fall in profits in 2008, blaming the drop on the economic downturn and the cost of its merger with Robson Rhodes.

via Profits slide at Grant Thornton – Accountancy Age.

 

Up to 100 jobs could be at risk following an announcement by F&C that it was looking to reduce its annual costs by a further £15m.

via FTAdviser.com – F&C review could see 100 jobs cut.

 

* MILAN, Italy (AP) — The Italian automaker Fiat Group SpA’s layoff plans are now hitting white-collar workers.

Fiat informed unions this week that 1,800 white-collar workers will be temporarily laid off for the first week of February, and 1,500 during the second week, the company confirmed Thursday.

via The Associated Press: Fiat announces white-collar layoffs.

 

* LONDON (Reuters) – Japanese car maker Nissan said on Thursday it was cutting 1,200 jobs at its Sunderland plant in response to a dramatic decline in customer demand.

via Nissan to cut 1,200 jobs at Sunderland plant | Reuters .

 

* Clifford Chance has launched a redundancy program in its London headquarters, with the Magic Circle firm potentially set to cut around 70 to 80 lawyers.

via Law.com – Clifford Chance Set to Lay Off up to 80 Lawyers in London .

 

More than 250 workers are to be made redundant at County Antrim engineering firm FG Wilson.

 

- Hiring News -

 

* COLUMBUS, GA – The Georgia Department of Labor’s Columbus Career Center will help Valley Hospitality fill about 200 job openings for full-time and part-time hospitality workers at Doubletree Hotel in Columbus.

via WTVM.com and WTVM News Leader 9, Columbus, GA | Valley Hospitality job fair underway! Hiring 200.

 

* The new Hurricane Wal-Mart is hiring 285 people before the store opens March 18th.

KCSG went to the hiring center at 1155 West State Street in Hurricane, to talk to the new store manager Alberto Rivera.

via One Company Set to Hire 285 People in Southern Utah | KCSG-TV St. George, UT | Local .

 

* South Whitley, Ind. – ShindigZ is bringing good news to the northeastern Indiana economy. Plans are in the works to hire over 200 seasonal workers through May.

via Indiana Party Supply Company to Hire 200 - Newsroom – Inside INdiana Business with Gerry Dick.

 

The Brawley Police Department is looking to hire some more officers And they’re changing the way they recruit their officers this time around. KSWT News 13′s Jennifer Jones has the details.

For the past decade, the Brawley Police Department has been hiring officers with prior experience. But now you could be their next hire.

The Brawley Police Department is looking to hire 2 officers to complete their 36 man squad, And they’re looking for any average joe to apply. “No prior law enforcement experience, you will need to be an individual of good moral standings, in good physical condition, no felony convictions.” says Brawly Police Chief Mark Gillmore.

via KSWT: Local News, Weather, Sports Yuma, AZ El Centro Imperial Valley, CA | Brawley Police Officers Wanted; No Experience Needed!.

 

———-News you can use————

 

People who have been laid off from their full-time jobs can apply to attend Kent State University’s Trumbull campus for free in the spring semester.

Those who were laid off since Oct. 1, 2008, can have application and tuition fees waived for up to 12 credit hours in the semester that begins Jan. 20. Potential students must be able to prove that they were laid off due to the recession by providing a letter from their former employer or documentation of unemployment benefits.

via Crain’s Cleveland Business: Kent State Trumbull campus offers free schooling to laid-off workers .

 

Mike: This was a very active 24 hours of layoff announcements. I was trying to find a little more video, but the announcements came fast and furious all day. I’ll post any large scale layoff announcements as they arrive, but if it’s quiet I’ll just leave you with  a laugh or two …………….

 

The Obama girls start their first day of school, and Rachel Maddow doesn’t own a television.

more about “Ordinary Pupils | The Daily Show | Co…“, posted with vodpod

 

 

 

Ed Stein - Jan 8

Ed Stein - Jan 8

 

top

January 7 – IBM/MSFT Layoff Rumors Remain – Oglivy Cuts 10% – LM Glasfiber Spins 150 Out the Door – Cessna Warns – 400 Less at Barclays – Aloca Sheds 15,200 – EMC Deletes 2400 – Lenovo Erases 2500

                                  

Mike: Good day to all. I hope that today’s news doesn’t bring another whopper like the 13,000 jobs being lost at Alcoa. The jobs news for today is rather light Challenger Job-Cut Report. with the big news coming on Thursday Jobless Claims. and Friday Employment Situation. Let’s hope the jobs landscape shows less severe job loss than expected.

 

Mike: The following article is based entirely on hope without any factual support. This reminds me of the real estate experts who said that the housing market would pick back up in short order and now is the time to buy. This type of article merely gets hopes up for the delusinal characters that operate these clueless organizations.

The job market has just started to deteriorate and likely won’t start to improve until 2010. Why do I say 2010? Let me count the ways:  Easy money is gone for quite some time as banks won’t be lending $25,000 for a new car to those with credit scores of 500 who don’t have a steady job. Credit cards are drying up for many, which prohibits those with marginal credit from purchasing with credit cards. Homes are no longer ATMs and the consumer will not be able to buy that new boat, second home, expensive vacation, or $4000 plasma TV from refinancing the house. The auto industry is still dying a slow death and will continue to shed jobs throughout the year.  Those are just a few reasons for continued jobloss throughout 2009. The promised stimulus will help the job market, but Republicans are already threatening to holdup progress and diminish funding, so don’t count on a quick fix from the feds

 

 

* “Everything is coming to a head right now and will be over in the next three or four months, maybe six, in terms of layoffs and the slowing of the economy,” Naroff said.

John Challenger is chief executive officer of Challenger, Gray and Christmas, a Chicago-based international employment company. He said “there is no question that layoffs are real heavy right now” and agreed that companies are reacting more swiftly to sales data.

I think there is real hope they (layoffs) will subside in the spring or summer time period,” he added.

The Society for Human Resource Management in Alexandria, Va., learned from a recent survey of members that 48 percent had laid off workers in 2008 and 60 percent planned to lay off more in 2009. The most likely to be laid off were unskilled laborers and those in administrative posts. Least likely: executives and sales workers.

In addition to the recession, Challenger said layoffs were growing because companies have moved away from keeping loyal employees through the ups and downs. “I think today companies look at their hiring or employment as a more just-in-time basis,” he said.

via Experts: Layoffs may peak by summer.

 

Mike: As you can see, the article below flies in the face of the article above by realistically projecting that unemployment won’t improve in 2009.

* The U.S. economy is likely to deteriorate further this year and unemployment will rise into 2010, according to the latest forecasts from the staff of the Federal Reserve………

I think that the Fed is really very scared right now — like everybody else — and they want to pull out all the stops,” said David Wyss, chief economist for Standard & Poor’s.

The Fed indicated that most members at its meeting expected a slow recovery to begin in the second half of the year, but that unemployment would still rise “significantly” into 2010.

Employers cut 1.9 million jobs over the first 11 months of 2008, which took the unemployment rate up to 6.7%. The December report will be released by the Labor Department Friday and economists surveyed by Briefing.com expect a loss of 475,000 jobs and that the unemployment rate will rise to 7%, which would mark a 15-year high.

via Fed sees longer economic decline than earlier forecasts: Financial News – Yahoo! Finance.

 

Mike: What I gather from the two stories above is that it’s safer to take facts and figures into account when trying to determine your next financial or job related decision then it is to put your faith in the blind hope offered by MSM. Rant over. Onto the layoff news of the day……

 

-

- Stupid Congressional News of the Day

Mike: I hope I don’t need to use this column too often, but there are times when our congressional reps are even more clueless than ususal and the below story is one of those cases:

 

* TALLAHASSEE, Fla. – Thursday’s championship football game between No. 2 Florida and No. 1 Oklahoma is obviously a big game, but big enough to shut down Congress?

Rep. Cliff Stearns hopes so. Stearns, a Republican from Ocala, wrote to U.S. House Speaker Nancy Pelosi on Tuesday asking her to move votes scheduled for Thursday evening and Friday so House members from Florida and Oklahoma can go to the Bowl Championship Series national title game

Stearns wrote, ” As you may be aware, on Thursday January 8, the University of Florida and the University of Oklahoma will play for the national football championship. Members of the Florida and Oklahoma delegations have expressed interest in attending the game as the congressional schedule allows. However, votes are currently scheduled to continue into Thursday night and Friday afternoon. We ask that you move these votes to either Wednesday and/or Thursday morning to allow Members to attend this historic game.”

Oddly – or maybe not - none of the other members Stearns referred to as “we” signed the letter, which was obtained by The Associated Press.

To help his cause, Stearns added a handwritten message to Pelosi.

Madam Speaker – Kindly consider. Thanks, Cliff,” he wrote.

- Pelosi’s office said she would not agree to the request. Among the votes to be considered Thursday afternoonis certification of the Electoral College vote that gives Barack Obama the presidency.

Stearns was first elected to Congress in 1988. While he didn’t attend the University of Florida, his district includes the Gainesville area, where the school is located. The game is being played in Miami.

A message left after hours at Stearns’ Washington office seeking comment wasn’t immediately returned.

via Florida congressman Cliff Stearns asks Nancy Pelosi for football break – Yahoo! News.

Mike: Hey, I’m a football fan, but I don’t think I would have the temerity to ask Congress to halt business, especially during these troubled times, so I could watch a football game. Stearns misses  out on a little free PR at the game, but if he wants to watch it that badly, then he can use Tivo. If this is the kind attitude makes your blood boil, after you have laughed at the absurdity of it all, go to Congress.org  and write your representative. Besides their paying attention to campaign contributions from their big money donors, your congressional rep listens and responds to your letters and emails.

 

Microsoft and IBM News/Rumors -

 

Mike: Coming from Bloomberg gives this rumor a little more validity:

 

* Jan. 6 (Bloomberg) — International Business Machines Corp., the biggest technology employer, may cut thousands of jobs this month amid the global economic slowdown, according to the employee group Alliance for IBM.

Employees have been hearing that layoffs will take place in late January, said Lee Conrad, national coordinator of the Alliance, an organization seeking union recognition at Armonk, New York-based IBM. The size of the reduction may be larger than those in the past few years, he said today in an interview.

“Generally they go in batches of a couple hundred here and a couple hundred there,” Conrad said.

via Bloomberg.com: Worldwide.

 

IBM India has refused to deny a report that the company is planning to cut 16,000 jobs globally, calling it ‘just a rumour’.

The employee union for IBM, Alliance IBM, made the claim on its website. If true, it would be the biggest round of lay-offs in recent years. In 2007, more than 2000 employees were shown pink slips in two phases. In 2002, IBM made huge job cuts of 15,600.

via IBM refuses to deny massive job cuts.

 

* At first it was thought that Microsoft was preparing to cut a massive 17% of their staff (in comparison to Sony’s 5%) or 15,000 employees. However, Jim Goldman of CNBC has been told that this speculation was “grossly exaggerated” and that cuts would be made through the non-renewal of contract employees, rather than through a mass lay-off.

- Goldman’s source explains that it’s still imperative for Microsoft to stay ahead of the game; “any company not paying careful attention to headcount in a climate like this is nuts.

via Microsoft Readying Cuts, Not Necessarily Jobs - Gamezine.co.uk .

 

Check out the Alliance@IBM website for some interesting reading. IBM employees smell upcoming layoffs around the third week of January and they’re nervous. There’s a lot of detail (e.g., specific office locations, headcount changes, etc.) in their postings, too much if you ask me. Either these employees are really paranoid or there are few secrets in that company.

If there’s any truth to the rumors around Microsoft, then Microsoft will try to beat IBM to the layoffs a week earlier. Check out this story in the Seattle Post-Intelligencer . It does a good job of playing back the headcount concerns some on Wall Street have about Microsoft.

via A New Year and layoff rumors start flying for IBM and Microsoft | Software & Services Safari | ZDNet.com .

 

- General Economic News -

 

Mike: The below report shows a slight improvement in planned layoffs from November. Time will tell if it’s a trend or an anomaly. In my rant above, I mention Challenger and their optimistic outlook as being full of hot air and they seem to carry that over into today’s news. While hope is wonderful, facts are usually more reliable when making decisions:

Today’s job related announcement: Challenger Job-Cut Report

NEW YORK (Reuters) – Planned layoffs at U.S. firms eased in December from the previous month’s seven-year high but they were up an astounding 275 percent annually as the year-old recession cut a huge swathe of destruction through job market.

The economy could begin to mount a comeback in the second half of the year, if the new administration can achieve quick passage of its proposed economic and job-growth stimulus package,” said John Challenger, chief executive officer of Challenger, Gray & Christmas.

“The plan to rebuild the nation’s crumbling infrastructure will benefit not only laborers on the front lines, but it will push up through the economy, creating jobs for manufacturing workers, engineers, architects, technology specialists, etc.”

- Job cuts announced in December totaled 166,348, down 8.4 percent from November’s 181,671, Challenger, Gray & Christmas said. Despite the monthly decline, layoffs were up from just 44,416 in the year-ago period.

Overall, employers announced 1,223,993 job cuts in 2008, the largest annual total since 2003, when there were 1,236,426 job cuts.

 

via U.S. 2008 planned layoffs most in 5 years: Challenger | Reuters .

 

* Some jarring reports Wednesday that show the labor market is still staggering are giving economists reason to fret about the government’s monthly jobs report due at week’s end.

The reports – one from payroll processor ADP showing 693,000 lost private-sector jobs in December, and another from outplacement firm Challenger, Gray & Christmas showing 166,348 announced job cuts last month – raise concern that the worst of the job losses in the current recession may not be over.

“The loss of jobs is beginning to create a bit of a negative feedback loop,” said Mark Vitner, senior economist at Wachovia. He said the slowing economy causes employers to chop jobs, which in turn slows the economy further.

via Labor market was battered in December, reports show – Yahoo! Finance.

 

Intel warned Wednesday that its fourth-quarter revenue will fall $2 billion short of its original forecast, due to PC makers curtailing chip orders.

The announcement comes less than two months after Intel warned on November 12 that its fourth-quarter performance would fall below its original forecast.

via Intel expects fourth-quarter revenue to drop 23 percent | Business Tech – CNET News.

 

Mike: At least the IRS is aware of the nation’s economic health and as a result, it may not be as difficult to settle some tax issues related to this recession. At least we can hope they are being cooperative:

 

* Massive losses in the financial markets. Seemingly never-ending layoffs. Plummeting home values. Taxpayers walloped by financial hardships may find some reprieve and possibly a silver lining when it’s time to pay taxes in April.

The Internal Revenue Service rang in the tax filing season Tuesday by calling attention to the new tax credits and emphasizing the agency’s willingness to work with financially distressed taxpayers.                                 

What we’re doing today is saying we recognize the economic realities out there and we’re available to work with people,” said IRS Commissioner Douglas Shulman.

For starters, IRS employees have been given greater authority to suspend collection actions. They have more flexibility in allowing taxpayers facing difficult economic situations to miss or reduce a monthly installment payment on taxes previously owed without automatically ending the installment agreement, Shulman said.

Both home equity line and indirect auto loan delinquencies reached the highest levels ever recorded during the third quarter, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin.

Home equity line delinquencies increased seven basis points to a record high 1.15 percent during the quarter, while indirect auto loans, which account for 90 percent of auto loans, saw lates increase to 3.25 percent from 3.07 percent.

via Mortgage Help and News | The Truth About Mortgage.com.

 

more about “Americans Late On Paying Loans Video …“, posted with vodpod

 

 

Mike: Finally a little justice:

 

* HOUSTON (AP) — An appeals court has upheld former Enron Corp. CEO Jeff Skilling’s convictions for his role in the energy giant’s collapse but orders that he be resentenced.

A three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans on Tuesday denied Skilling’s request that his convictions be overturned because they were based on an incorrect legal theory.

via Skilling convictions upheld, resentencing ordered: Financial News – Yahoo! Finance.

 
- Municipal News -

 

Mike: Besides CA, SC seems to be the most active in cutting state costs regardless of the consequences. Below you’ll see a story about the cutting of public school funding for bus drivers and mechanics, but you have to laugh if you think that the Superintendent, Rex, would consider a pay cut for him or the other overpaid cronies that occupy the SC Education Department. I’ll try and find out how much the Education Department heads make in this time of cost cutting

* COLUMBIA, S.C. — South Carolina Education Superintendent Jim Rex said public schools need flexibility to handle spending cuts.

- State lawmakers asked Rex on Tuesday why highly paid agency employees are not taking pay cuts.

St. Matthews Rep. Harry Ott questioned Rex about agency plans to cut 66 bus mechanics and cut bus driver pay. School spending has been cut by $334 million since July.

via Rex Plans To Cut SC Bus Drivers’ Pay – News Story – WHNS Greenville.

 

Seven city fire companies ceased operations yesterday as part of Mayor Nutter’s budget-cutting plan, but not without rancor, as the head of the firefighters’ union claimed that “people will die” because of the closures.

via Philadelphia Department Shutdowns Begin - Firehouse.com News.

 

* The bright promise of an ethanol plant in Hancock County is somewhat dimmer with the start of 2009.

Nationally, the U.S. saw the second-biggest corn crop ever after ideal summer growing conditions last year. But when harvesting began, the U.S. economic crisis fueled fears that foreign demand would drop. In October, ethanol took a big hit.

via Forest City Summit Britt News.

 

The state (FL) is projecting a $2.3 billion shortfall in revenue.

Superintendent James Browder said the budget reduction will lead to the cut of at least 400 jobs, including teachers, support personnel and district office staff.

via School funding loss to lead to job cuts | news-press.com | The News-Press.

 

* EUCLID, Ohio — Seventeen people are being laid off at the Euclid City Jail as the city tries to cut $2.4 million from its budget.

Thirteen full-time corrections officers, three part-time officers and one secretary will be dismissed Feb. 13.

via Local City Lays Off 17 Jail Workers – News Story – WEWS Cleveland.

 

* Attorney General Terry Goddard said Tuesday his office is laying off 20 workers, apparently the first such cuts by a state agency in response to Arizona’s worsening budget crisis.

via Ariz. attorney general laying off 20.

 

* Fulton, NY – Three dozen employees at A.L. Lee Memorial Hospital in Fulton learned Monday they are about to lose their jobs.

Betsy Copps, who works in community relations for the hospital, is one of the employees being laid off. Her last day will be Friday, she said.

via Fulton hospital lays off 36 employees.

 

The city of Sparks is laying off 34 full-time employees and reducing services as it struggles to cut $2.7 million from its budget.

The latest round of spending cuts for the 2009-2010 fiscal year follow $4.5 million cut last year, City Manager Shaun Carey said.

via Sparks lays off 34 employees; cuts services – Las Vegas Sun.

 

- US and some Canada News -

 

Mike: The following list is taken directly from the Alcoa website

  • Alcoa Taking Decisive Action to Address Economic Downturn
  • Smelting Output Reduced 750,000 mtpy, or 18% of Output
  • Reducing Headcount by 13,500 (13% of Global Workforce) and an Additional 1,700 Contractor Positions
  • Freezing Salaries and Hiring
  • Selling Four Non-Core Downstream Businesses
  • Reducing 2009 Capital Expenditures by 50%
  • Taking Advantage of New Sourcing For Raw Materials
  • Exchanging Equity Stakes with Orkla; Alcoa To Take 100% Ownership of 2 Elkem Smelters For its 45% Stake in SAPA
  • After-Tax Charges For 4Q 2008 Range from $900 to $950 Million, 80% Non-Cash

 

Alcoa Inc. will lay off 13,500 employees, or about 13 percent of its global workforce, by the end of 2009 as “extraordinary times” squeeze the aluminum giant.

Besides slashing personnel, Alcoa will freeze salaries and hiring, further throttle back production and halve 2009 capital expenditures, the company announced in a news release Tuesday afternoon.

via Alcoa to cut 13,500 jobs, slash production – Pittsburgh Business Times: .

 

Alcoa To Lay Off 15,200, Reduce Operations -

Aluminum giant Alcoa just announced it is dealing with the economic crisis — and abetting the economic contraction — by letting go 15,200 employees and reducing its smelting output by 18 percent.

The headcount reduction will come via 13,500 staff jobs — about 13 percent of the global workforce — and an additional 1,700 contractor jobs.

via The Ticker – Alcoa To Lay Off 15,200, Reduce Operations – Economy Watch  .

 

* The economic cycle of a recession affecting sales grabbed two more area companies, costing more than 100 people their jobs.

Bob Kuenning, vice president of manufacturing for Nishikawa Standard Co., said Tuesday that the company is laying off nearly 50 people each at its plants in Topeka and Bremen because of “slower sales.”

via Auto woes hit two more local companies | WSBT South Bend – Your Local News Leader | Local News .

 

* McLean, Va. – Just months after raising $18 million in its third round of funding, Clearspring Technologies, the developer of a widget network designed to connect publishers and advertisers to audiences on social networking sites, has laid off an unspecified number of employees — possibly up to 20%, according to a report in TechCrunch.

 

* The Ogilvy Group today cut about 10 percent of its staff across multiple units in response to client spending reductions that exceed the WPP Group shop’s new business growth, sources said.

The cut affected the North American offices of units such as Ogilvy & Mather, OgilvyOne, Ogilvy Interactive and OgilvyAction, according to sources. Some sources estimated the number of layoffs at 300, but others said it was about half that, or roughly 10 percent of the total headcount at those offices.

via Sources: Ogilvy Group Cuts 10% of Staff.

 

The Tulsa World today terminated 28 employees citing deteriorating economic conditions nationwide and in media business.

via Tulsa World: Tulsa World announces staff reduction .

 

* LM Glasfiber said Tuesday that it will idle production at its facility on Scott Hamilton Drive in Little Rock and cut 150 jobs in the capital city as a result of the nationwide credit crunch, which the wind blade manufacturer said is causing delays in wind projects.

via LM Glasfiber to Cut 150 Jobs, Idle Scott Hamilton Plant – ArkansasBusiness.com .

 

* VANCOUVER, B.C. — Western Canadian Coal Corp. (TSX:WTN), a Vancouver-based coal producer, says it plans to reduce operations at its Brule mine and Wolverine operation in British Columbia, affecting hundreds of jobs, because of reduced demand from steelmakers…….

- The company said 35 of its contractor’s employees will be impacted at Brule mine near Chetwynd, B.C.

It said the number of jobs impacted at Wolverine, located just outside of Tumbler Ridge, B.C., is unclear at this stage, but that 300 of its contractor’s employees and 100 of the company’s own employees were given notice Tuesday.

via The Canadian Press: Western Canadian Coal to cut operations at the Brule and Wolverine operations.

 

Goss International Corp. today said it would cut between 200 and 250 jobs across its U.S. facilities.

via Goss cutting jobs .

 

* SULLIVAN – It was New Year’s Eve, and as the last hours of 2008 ticked away, the phone rang in the homes of several employees of the Mason Point nursing home in Sullivan.

Brenda Rambo wasn’t home for the call. But when she got home, she had a message from interim Administrator Renee Bogard telling her they needed to talk before Rambo returned to her housekeeping job.

“I called the next morning, she came to the phone and I told her who I was. She laughed and told me it was not necessarily good news, that my services were no longer needed,” said Rambo, who would have completed 11 years at the nursing home in March.

Rambo was one of about 15 employees told they no longer had a job after Peoria-based Petersen Health Care took over the former Illinois Masonic Home on Jan. 1.

via The News-Gazette.com: Sullivan nursing home makes job cuts.

 

* BURNABY, BC, Jan. 6 /PRNewswire-FirstCall/ – Day4 Energy Inc. (TSX: DFE), a solar electric technology developer and manufacturer of superior performance solar modules, today announced the company has implemented a reduction in its overall headcount affecting approximately 95 people primarily at its Burnaby production facility.

via Day4 Energy Announces Reduction in Workforce .

 

* LOGAN, Utah — Utah State University is facing a possible budget cut of $30 million and job losses of more than 660 positions when the Legislature meets starting later this month.

USU President Stan Albrecht said Monday cuts of that size — or even smaller — could force the university to declare a major financial crisis for the first time in the school’s history.

via Daily Herald – Budget cuts could mean 660 jobs lost at Utah State.

 

The Doe Run Co. says it will cut more than 100 jobs and reduce its planned lead mining output by 1 million tons.

The St. Louis-based lead producer says the global economic downturn has eroded the market price for the metal used in such products as car batteries, forcing it to adjust production plans.

via Doe Run reduces 2009 lead mine output, cuts jobs – Forbes.com.

 

Cessna Aircraft officials warned employees today that more job cuts are coming.

The domestic market remains soft and the international market, which were strong a year ago, have quieted, chief executive Jack Pelton said in a memo to employees.

via Cessna says it will cut more jobs | News Updates | Kansas.com.

 

* Jan 6 (Reuters) – Video-conferencing products maker Polycom Inc (PLCM.O) forecast fourth quarter earnings above market estimates and said it laid off 6 percent of it workforce to reduce costs, and its shares rose 8 percent.

The company said the 150 job cuts were with immediate effect and that it would take a related charge of about $6.5 million in the first quarter of 2009. Polycom however cut its revenue view due to a continued weakness in its voice communications business. It now expects revenue to fall to $263 million to $265 million in the fourth-quarter ended December 31.

via UPDATE 1-Polycom sees Q4 earnings above estimates, cuts jobs | Industries | Technology, Media & Telecommunications | Reuters .

 

* The managing director at the National Business Institute in Altoona tells us he laid off 25 workers Monday.

The company had to let nine people go last month. NBI has been in business since 1983, putting on educational seminars for legal professionals.

via NBI Announces Layoffs .

 

* In the end, it’s Unisys Corp.’s sending a message to the city: Thanks. But no thanks.

- Unisys announced today that the company would keep its corporate headquarters in Blue Bell rather than relocate it – and 225 jobs – to Center City.

via Unisys drops plan for Philadelphia headquarters | Philadelphia Inquirer | 01/06/2009.

 

Mike: While most of the country should avoid a depression and suffer through a protracted recession, Michigan residents are already suffering near depression economics:

 

* MARQUETTE, Mich. – Cliffs Natural Resources says more than 300 employees of the Tilden and Empire mines in Marquette County will be laid off Sunday because of the economic slowdown.

And company spokesman Dale Hemmila tells The Mining Journal of Marquette that 70 additional workers will be laid off in March.

via Hundreds to be laid off at Mich. mines — chicagotribune.com.

 

* The Atlanta History Center cut 15 employees from its 74-member staff on Monday as part of a museum-wide belt-tightening, including most of the workers at the Margaret Mitchell House and Museum.

via Most of Margaret Mitchell House staff laid off | ajc.com.

 

Mike: Wow! Some good news below:

 

* Great Lakes Chemical Corp., a Chemtura Co., announced Monday that it is continuing to monitor effects of current economic conditions and has plans to call back 31 employees who were laid off last year.

via Great Lakes has plans to call back 31 laid off workers.

 

Some Tri-Cities workers found themselves out of work Monday, at least temporarily.

Your Tri-Cities news source confirmed Bush Hog in Telford, Tennessee is closing the plant for two weeks.

via Bush Hog Workers Temporarily Laid Off | TriCities.

 

* LITTLE ROCK, Ark. – Windmill blade maker LM Glasfiber announced Tuesday it will lay off more than 150 employees and halt production at one of its two Little Rock plants, though the company says it remains optimistic about its long-term growth.

via Pine Bluff Commercial Online Edition.

 

Temecula Valley Bancorp laid off 36 employees, or about 10 percent of its staff, closed all its business loan production offices outside California, and essentially shut down its construction lending in reaction to an awful 2008, Temecula Valley Bank’s parent company said Jan. 6.

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

 

Ziff Davis Media today announced the sale of the 1UP Digital Network, including 1UP.com, MyCheats.com, GameVideos.com and GameTab.com, to UGO Entertainment. EGM’s last printed issue is January 2009. The fate of 1Up podcasts is unclear, following comments received by MTV Multiplayer from Ziff’s Sam Kennedy.

via MTV Multiplayer » EGM Shuts Down, More Than 30 Ziff Davis Employees Laid Off.

 

* Even a market-leading television station like KSL Channel 5, which has led the nightly news rating race for more than two decades, is not safe from the current economic downturn.

The station, which is owned by the LDS Church, laid off eight employees Monday, including news reporter Gene Kennedy, who covered the courts and general-assigment stories.

via KSL lays off 8 employees - Salt Lake Tribune.

 

* The Seven Feathers Hotel Casino & Resort in Canyonville laid off 51 workers Monday, just over 6 percent of its work force.

via Seven Feathers lays off 51 | The News-Review – NRtoday.com.

 

* (ABC 6 NEWS)— The nation’s faltering economy is being felt close to home again.

Owatonna’s largest manufacturer, Viracon started handing-out layoff notices to factory workers and office staff today.

Two weeks before Christmas, the company announced that it expected to hand out more than 100 layoff notices early in the new year.

via KAALtv.com – Viracon Lays Off More than 100 Workers .

 

* Another Treasure Valley employer is cutting costs by cutting employees.

Plexus Corp. said Tuesday that it has cut 35 full-time and 100 temporary employees from its Nampa work force because of the deteriorating economy.

via Nampa electronics company lays off 35 full-time, 100 temporary workers | Business | Idaho Statesman .

 

* ATLANTA, Jan 6 (Reuters) – Fortune Brands Inc (FO.N: Quote, Profile, Research) expects pretax charges of $100 million tied to workforce reductions and other cost cuts, the company said in a regulatory filing on Tuesday.

The company said the pretax charges would include about $30 million for job cuts, about $20 million tied to closing or consolidating plants, and about $50 million in noncash charges to write down buildings, equipment and other assets it is disposing of.

via UPDATE 1-Fortune Brands to cut jobs in restructuring | Markets | US Markets | Reuters .

 

* Chemical giant LyondellBasell Industries filed for Chapter 11 bankruptcy protection today and warned more job cuts may be on the way as the company restructures.

Reeling from plummeting sales and crushing debts, the Dutch company filed in U.S. Bankruptcy Court in the Southern District of New York just a year after a major merger made it one of the world’s biggest chemical makers.

via LyondellBasell files for bankruptcy protection | Business | Chron.com – Houston Chronicle.

 

Two Austin employers announce job cuts -

HelioVolt, Borland reorganize

HelioVolt Corp. said it had made a “modest” reduction in its work force, and Borland Software Corp. said it will cut 130 jobs, or 5 percent of its force, as part of a reorganization plan that is expected to yield annualized savings of $12 million to $14 million.

via Two Austin employers announce job cuts.

 

MORE than 20 full-time jobs will be lost in a restructure of Moonee Valley Racing Club.

The club this week announced a new organisational structure will be implemented over the next two months.

via 20 jobs cut in Moonee Valley Racing Club restructure | Herald Sun.

 

* Canadian Mineral company Shore Gold has announced that it will considerably reduce the size of it’s staff this year.

The company introduced a much smaller budget for 2009, and says with that, they must cut on-site staff.

via Shore Gold To Cut Jobs | News Talk 650.

 

Yorktowne lays off 70 workers -

(Danville Register & Bee Via Acquire Media NewsEdge) Jan. 7–Seventy workers at Yorktowne Cabinetry’s manufacturing plant in Ringgold were laid off Tuesday, according to a company spokesman.

via BRIEF: Yorktowne lays off 70 workers.

 

* CHEYENNE, Wyo. (AP) - The Wyoming Tribune Eagle has laid off two newsroom employees as part of cost-saving measures prompted by the economic recession.

via LocalNews8.com Idaho Falls, Pocatello – Weather, News, Sports – Cheyenne Tribune Eagle announces newsroom layoffs.

 

* CARY, N.C. - Consonus Technologies is laying off 14 workers due to the current uncertain economy, leaving the Cary data-management company with about 200 employees.

via Consonus To Layoff 14 Employees - Wake County – MyNC.com.

 

* Telecommunications equipment maker Network Equipment Technologies Inc. said Tuesday it plans to cut about 40 employees.

Fremont-based NET (NYSE:NWK) said the cuts will leave it with about 255 employees.

via Network Equipment Tech plans job cuts - Silicon Valley / San Jose Business Journal: .

 

* SAN FRANCISCO, Jan 6 (Reuters) – Ethan Allen Interiors Inc (ETH.N) said on Tuesday it would consolidate operations of an upholstery factory and several retail service centers, with pretax charges expected of about $8 million to $9 million.

via UPDATE 1-Ethan Allen to close upholstery plant, take charge | Markets | Markets News | Reuters .

 

* TULLY, N.Y. — Alcoa isn’t alone. Barden Building Systems announced it is shutting down its Tully factory. The plant builds prefabricated homes and commercial buildings.

Chief Sales Officer Eric Barden says the slump is the result of too many new homes built across the country, coupled with the economic downfall. Twenty people will lose their jobs and local merchants fear they’ll also be losing business.

via - Barden Homes shutting down Tully factory

 

* ROCK ISLAND, Illinois– More jobs could be cut in the Quad Cities as a Rock Island trucking firm says it’ll consolidate operations. …..

A company spokesman tells the Dispatch-Rock Island Argus that 70 local employees will be laid off and 60 will stay on the job. 

via Rock Island trucking firm cutting 70 jobs.

 

Sun Capital to cut 10% of workforce -

The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession, including Blackstone and Carlyle. Sun invested alongside Lubert-Adler in US retailer Mervyns, which last year filed for bankruptcy.

via P E R E – Sun Capital to cut 10% of workforce .

 

* MANSFIELD — The new year isn’t getting off to a very good start for Jay Industries. The local manufacturer has cut nearly half its 1,000-person work force.

Rick Taylor, president of the metal and plastic product supplier, said some of the layoffs at Broshco Fabricated Products on West Longview Avenue are temporary, some permanent. All of the company’s operations have seen hourly and salaried employees take a 10-percent wage reduction, he said. Some of the salaried personnel have gone back to hourly status.

via Jay Industries cutting work force | mansfieldnewsjournal.com | Mansfield News Journal.

 

* Two more Bay State companies, Kronos Inc. and Boston Company Asset Management, confirmed plans yesterday to cut scores of jobs, the latest in a stream of businesses handing out pink slips.

- Kronos Inc., a human resources technology firm, said yesterday it cut nearly 8 percent of its worldwide workforce.

The Chelmsford company said it let go roughly 250 people worldwide, including about 100 in Massachusetts. The company had about 3,300 workers around the world before the job cuts.

Separately, Boston Company Asset Management said it is laying off 90 people, nearly 30 percent of its staff, because of last year’s stock market plunge.

via Two firms are cutting scores of Mass. jobs – The Boston Globe.

 

* KOKOMO, Ind. — Another 150 jobs are being cut from Delphi’s Kokomo operation, which manufactures components for General Motors.

via Delphi To Trim 150 More Jobs - Indiana News Story – WRTV Indianapolis.

 

* More layoffs announced for Andersen Windows in Menomonie

- Andersen Windows will be laying off 55 employees temporarily at the company’s plant in the Stout Technology Park in Menomonie.

via RiverTowns.net: Daily coverage of events. Courtesy of the Pierce County Herald..

 

* Scheels sporting goods store made the cuts last week, Store Manager Larry Theis told News 4 Wednesday morning.

Theis would not comment further, yet according to a local media report, Theis said the sporting goods store – located in the Legends at Sparks Marina - has laid off 50 to 60 people.

via Channel 4 KRNV.com: Local News and Weather for Reno-Tahoe Region: Sparks sports giant Scheels reports Nevada layoffs.

 

* BENNINGTON — A second Bennington manufacturer is laying off workers, citing a slowdown in aerospace industry work.

Vermont Composites, which makes carbon fiber parts for commercial and military aircraft, laid off 28 employees Monday.

via Bennington manufacturer lays off 28 | burlingtonfreepress.com | The Burlington Free Press.

 

* Late last month, the Stillwater Mercury MerCruiser plant laid off employees for the third time in 2008.

About 70” employees were laid off effective Dec. 31, said Jamie Payne, director of human resources. That followed the layoff of 130 people in June and 68 people in August.

via Stillwater NewsPress - About 70 lose jobs.

 

About 140 employees at Edson’s Weyerhaeuser mill have been handed 60-day notices that indicate they may be laid off in two month’s time.

via Weyerhaeuser looking at layoffs - Edson Leader – Alberta, CA .

 

* They were among 25 layoffs of full- and part-time employees at the company’s four weekly papers. Remaining are 117 employees, including the Democrat’s other editors, reporters and photographers.

via - NJ.com.

 

* Facing a possible $380,000 deficit for the fiscal year ending in June, due to dwindling corporate sponsorships and falling box office revenues, the Fulton is slashing its budget and laying off four full-time employees from its 30-member staff.

via LancasterOnline.com:News:Layoffs, cuts at Fulton theater.

 

San Diego-based Sangart is restructuring, triggering a “significant reduction in work force” as it names four new additions to its executive staff. The executive changes include the appointment of Howard Levy MD, PhD, as chief scientific officer.

No details on the layoffs were provided in the company’s release, but Sangart said that the axe will fall in its product manufacturing division.

via Sangart axes staff, focuses on lead therapy – FierceBiotech.

 

Boston Co. Asset Management laid off 89 of its 305 employees in response to “unprecedented” market declines, according to a company statement.

The layoffs include 24 portfolio managers and analysts, 16 of whom comprised the firm’s two Denver-based investment teams managing U.S. large-cap and microcap growth equity strategies. The responsibilities of those teams have been transferred to the firm’s main office in Boston.

via 30% of Boston Co. Asset staff laid off - Pensions & Investments .

 

* (Waterloo-Cedar Falls Courier (IA) Via Acquire Media NewsEdge) Jan. 7–WATERLOO — Community National Bank laid off about 15 percent of its staff — cutting 16 positions.

via Community National Bank lays off 16.

 

* HOPKINTON, Mass. (AP) — Data storage company EMC says it expects fourth-quarter earnings to beat Wall Street expectations on growing sales.

However, the Hopkinton, Mass.-based company announced it will lay off 2,400 workers, or about 7 percent of its staff, consolidate facilities and reduce costs to boost its competitiveness.

via EMC says 4Q results will beat expectations – Yahoo! Finance.

 

EMC Corp. is slashing 2,400 jobs, or about 7 percent of its global work force, the Hopkinton-based tech giant announced today.

The provider of data storage devices and software said the restructuring program will save the company about $350 million this year and about $500 million in 2010.

The layoff announcement came even as EMC said it expects to report record quarterly revenue of $4 billion for the final three months of the year.

via EMC cuts 2,400 jobs – BostonHerald.com.

 

* Jan 7 (Reuters) – Fair Isaac Corp (FIC.N), a provider of credit-scoring system, said it would cut 250 jobs globally as part of an ongoing cost-reduction program and expects to reduce expenses by about $40 million in fiscal 2009.

via UPDATE 1-Fair Isaac to cut 250 jobs worldwide | Industries | Financial Services & Real Estate | Reuters .

 

ValueVision Media Inc. on Wednesday cut 60 jobs, or 11 percent of its workforce, in an effort to reduce costs.

The cuts primarily affect workers at the firm’s Eden Prairie headquarters, and are spread across several departments, a company spokesman said.

via ShopNBC cuts 60 jobs, mostly in MN – Minneapolis / St. Paul Business Journal: .

 

* Nova Chemicals will cut 400 jobs worldwide, including an undisclosed number at its facilities in the Pittsburgh region, as part of an effort to reduce costs by $100 million this year.

Nova, which produces chemicals and plastics, is incorporated in Calgary, Canada, maintains executive operations in Moon and has a plant in Beaver County.

via Nova Chemicals cutting 400 job

 

* ON Semiconductor Corp. is scaling back costs in 2009 and issuing a lower forecast for the year as the company looks at laying off 10 percent of its work force, closing plants temporarily and giving employees unpaid time off.

The Phoenix-based semiconductor manufacturer said it would furlough about 1,500 workers, or about 10 percent of its global employee base. It also plans to take temporary actions, such as closing factories for four to six weeks during the first and second quarters, cutting about $80 million out of capital spending, 23 percent out of senior executives salaries and 15 percent out of other employee salaries.

via ON Semiconductor announces layoffs, restructuring – Phoenix Business Journal: .

 

Dozens of employees at an Ottawa County nursing home are about to lose their jobs. Riverview Healthcare campus in Oak Harbor tells us it’ll lay off 29 full-time and ten part-time employees next month.

via Oak Harbor nursing home announces layoffs – 1/07/09 – Toledo News – 13abc.com.

 

* The fallout from the failure of First National Bank of Arizona earlier this summer continues as its new owner has laid off about 100 people across Arizona, Nevada and California, bank officials said.

via Mutual of Omaha jobs hit by First National Bank of Arizona fallout – Phoenix Business Journal: .

 

* Jan. 8 (Bloomberg) — Lenovo Group Ltd., China’s biggest personal-computer maker, will cut about 2,500 jobs, or 11 percent of its workforce, amid a worldwide economic slump that has damped demand for electronics.

Lenovo expects savings of about $300 million in the fiscal year ending March 2010, it said in a statement today. The company said it will book a charge of about $150 million this fiscal year

via Bloomberg.com: Worldwide.

 

- International News -

 

Mike: Good news for the Aussies regarding the Alcoa layoffs:

* Jan. 7 (Bloomberg) — Alcoa Inc., the world’s largest aluminum maker, isn’t planning to cut jobs in Australia after announcing the firing of 13 percent of its global staff.

“While Alcoa of Australia will not be hiring additional people, the company has no plans at this stage to reduce our current Australian workforce,” the unit said today in a statement on its Web site.

via Bloomberg.com: Australia & New Zealand.

 

* Security solutions vendor Symantec has confirmed that it has been retrenching local staff in order to offset the effects of the global economic crisis.

The company would not disclose exact numbers but said this morning that it intends to achieve a 4.5% cost savings within its workforce budget “in the form of job reductions”.

The retrenchments started in November and sources say as many as 800 workers could be affected worldwide. In SA, some five employees have already been retrenched across all tiers of the business.

via ITWeb :Symantec cuts local jobs.

 

* NSK Ltd., Japan’s largest manufacturer of bearings, plans to dismiss about 2,000 temporary workers, about 80 percent of such staff, at the group’s domestic plants by March, company sources said Tuesday.

via NSK to dismiss 2,000 temp staff at plants | The Japan Times Online.

 

* Jan. 7 (Bloomberg) – Cattles Plc, a U.K. provider of subprime loans, plans to cut 1000 jobs and write fewer loans this year as part of plans to reduce costs to weather the recession.

Cattles is in talks with employees about cutting 20 percent of its workforce, the Batley, England-based company said today in a statement. The lender also plans to reduce new business in its personal loan division by 75 percent this year compared with 2008.

via Bloomberg.com: U.K. & Ireland.

 

* LONDON, Jan 7 (Reuters) – British bank Barclays Plc (BARC.L) is to cut just over 400 jobs in its UK technology departments, it said on Wednesday.

via Barclays says to cut 400 UK technology jobs | Industries | Financial Services & Real Estate | Reuters .

 

British high street retailer Marks & Spencer has announced the closure of 27 stores and the loss of 1,230 jobs across the UK.

The company will shut 25 of its 355 Simply Food stores as well as 2 of its regular outlets, resulting in 780 job losses. The remaining 450 jobs will be cut from the head office.

via Marks & Spencer to cut jobs and close stores | Finance | ICM Commercial & Business News.

 

* HELSINKI, Jan 7 (Reuters) - Finnish fibre materials group Ahlstrom (AHL1V.HE) said on Wednesday it would cut staff, close plants and take a fourth-quarter charge due to weak demand.

The firm said it planned to cut some 210 jobs globally – 60 in Italy through site closures and 150 at other global sites. It also said it was planning to temporarily lay off around 310 staff in Finland.

via UPDATE 1-Ahlstrom to cut staff as weak demand hits Q4 | Reuters .

 

* Berlin – German unemployment rose for the first time in nearly three years in December, data released Wednesday showed, adding to signs of the tough year ahead for the nation as shrinking global growth hits Europe’s biggest economy.

Seasonally adjusted unemployment rose by a more-than-forecast 18,000 last month, the nation’s Labour Office said, resulting in the jobless rate edging up to 7.6 per cent from 7.5 per cent in November.

via German unemployment jumps as economic downturn gains ground (Roundup) .

 

* Jan. 7 (Bloomberg) — China may face social unrest in 2009 as unemployment rises because of the global financial crisis, a state-run weekly magazine said in a report this week.

The Outlook (Liaowang) Magazine, issued by the official Xinhua news agency, said slowing economic growth may provoke anger among migrant workers and university graduates if they lose their jobs.

via Bloomberg.com: Asia.

 

TEESSIDE-BASED Garlands Call Centres is to cut up to 90 jobs. The Hartlepool-based company is also set to close one of its Tees Valley bases following the reduction in headcount.

via Garlands’ job cuts – nebusiness.co.uk.

 

* LONDON, Jan 7 (Reuters) – Mizuho Corporate Bank, part of Mizuho Financial Group, plans to cut between 5 and 7 percent of jobs in London, a source familiar with the matter said on Wednesday, which could result in about 50 layoffs.

via Business finance news - currency market news – online UK currency markets – financial news – Interactive Investor.

 

* Loss making EMCORE Corporation, said in an SEC filing that its is planning a sweeping range of cost cutting measures and refinancing moves to improve the company’s financial liquidity. A workforce reduction will be made to lower operating costs, though how deep the cuts will be was not disclosed.

via EMCORE to cut workforce due to liquidity issues – Photovoltaics International.

 

* SELEBI-PHIKWE: BCL mine in Selebi Phikwe has announced that it will retrench 348 employees as a result of the commodity market crunch that has seen the metal prices dropping below the mine’s break even point.

Nickel prices have dropped by 61 percent, copper by 47 percent and cobalt by 62 percent. The mine will retrench 15 percent of the workforce in management positions and seven percent of the non-management staff.

via Mmegi Online :: Metal price plunge triggers job cuts at BCL .

 

Mike: This bodes ill for the US report that is expected later in the week:

Permanent placements and temp billings fell at series record rates while there were record rises in candidate availability.

KPMG and The Recruitment and Employment Confederation (REC) have today released their joint report on jobs that reveals a sharp fall in demand for labour.

via Financial news, business, blogs, finance director jobs – Director of Finance Online – KPMG reports record decline in demand for staff.

 

MORE than 300 jobs are to be lost with the closure of Bromborough meat processing firm Tulip International.

The Danish-owned company summoned workers to the canteen early this afternoon to inform them they were now on 90-days notice.

via Tulip International closing with 300 jobs to go – Liverpool Echo.co.uk.

 

- Hiring News -

 

* While companies in our area and across america cut back, Tuesday, two companies announced adding hundreds of jobs.

Liberty Medical Call Center is based in Port St. Lucie.

1,800 people already call it home, now 800 more will join the mix. Tuesday, in front of a crowd of business men and woman the economic boost was announced.

via More than 800 new jobs coming to St. Lucie County | jobs, companies, new – Top Story - .

 

* TAMPA – Here’s a bit of good news for those weary of negative economic reports: Ikea has begun hiring in Tampa.

Ikea is seeking people in the following areas: home furnishings sales, interior decoration, customer service, safety and security, cashiers, maintenance, goods flow, receiving, warehouse and stock replenishment.

via Ikea Store Is Hiring.

 

If you’re looking for work in the New Year, here are a variety of such strong companies in various industries, which are looking to hire a diverse selection of jobs in 2009, despite the tough economy:

via 13 companies hiring this year - CNN.com.

 

* The $9 billion CityCenter project in Las Vegas is targeting the metro Phoenix area to fill more than 12,000 jobs needed to staff the 18 million-square-foot development, set to open later this year.

via New resorts in Las Vegas hiring for thousands of positions.

 

Mike: A very busy day in layoff land and with earnings season underway, companies that report poor numbers will be forced to cut employees. Even those such as EMC that beat estimates are cutting employees in a large way. Tomorrow brings a big unemployment stat and that will dictate the market’s reaction and the direction of the economy. On that note, here’s a little humor to end the layoff list:

 

more about “Ponzi Schemes | January 6th | Colbert…“, posted with vodpod

 

top

January 6 – Microsoft Mum? – Logitech Trims 525 – No Apple for 3000 LA Teachers? – Wind Blows Cold for 20% at DMI – 350 Gone at R.L. Stowe – IRS Files Away 711 – Brunswick Sinks 275 – Alcoa Cans 15,200!

Mike: States throughout the country are facing difficult financial times. Some states are running low on operating funds, such as CA (see below video). States like SC and now MO are exhausting their benefit funds at this early stage of the recession. Many states have understaffed unemployment offices which leads to many not receiving benefits for weeks. Without some immediate financial help from the feds, many states will be forced to increase taxes AND institute draconian job and service cuts. Police and fire departments are already being decimated with layoffs. Prison guards are being dismissed along with the prisoners they once guarded because prison funding is being chopped. Substandard schools are losing funding, which means fewer teachers teaching more students per class. These are just a few examples of the troubles facing states. What follows are a couple of stories which show the dire straights of state funds for unemployment and general operating expenses

 

- Let’s start with CA where the governator recently told the state that they are facing a dire financial situation:

 

more about “Golden State Out Of Cash Video – CBSN…“, posted with vodpod

 

Mike: Not only is Michigan getting crushed with job losses, as the story below shows, but the unemployed are having a tough time getting timely benefits:

 

* MID-MICHIGAN (WJRT) — (01/05/09)–A Mid-Michigan man has been laid off and is on hold.

Cases like his are on the rise as the state’s government tries to keep up.

Michigan’s automated phone system for unemployment benefits is backed up. And it’s leaving some families struggling to survive.

via Unemployment system flooded with calls for help – 1/05/09 – Flint News and Saginaw News – abc12.com.

more about “Unemployment system flooded with call…“, posted with vodpod

 

 

Mike: Missouri’s unemployment fund is broke and needs to be replenished:

 

* JEFFERSON CITY | Missouri may soon have to borrow money to pay benefits to the rising number of unemployed people.

State Labor Director Todd Smith said Monday that Missouri may have to borrow about $40 million from the federal government before April to pay jobless benefits.

via Missouri jobless benefits fund going broke — again – Kansas City Star.

 

Mike: Unemployed South Carolinians were caught in an audit squabble between the governor and and the state’s Commerce Department. Funding was restored, but it shows how the unemployed are not showed any respect for their needs:

 

* More than 70,000 out-of-work South Carolinians caught up in a fight between the governor and the Employment Security Commission were relieved when the state’s chief executive agreed to an 11th-hour action that continues their benefit checks.

Gov. Mark Sanford agreed to sign off on a request for a $146 million federal loan just as unemployment benefits were set to run out. But he demanded that the commission meet certain requirements.

via Sanford comes through on state jobless benefits.

 

Mike: And FL is feeling the budget heat in all areas:

 

* On Monday Miami-Dade school superintendent Alberto Carvalho told CBS4′s Michael Williams, “Florida ranks 47th in the nation in per pupil funding. To make additional cuts is just unthinkable. We are destroying public education.”

 

 

Mike: While the Obama stimulus plan is expected to bring states some relief, the Republicans in congress won’t be in any hurry to make Obama look good, so don’t think the states will be bailed out quickly:

 

Many parts of Obama’s plan would infuse money quickly into the economy, according to budget experts. These include up to $200 billion for recession-hit state governments to avoid layoffs, cutbacks in services and raising their own taxes. Expanded food stamp and unemployment benefits would arrive mostly in 2009. The Obama team says the measure will include up to $300 billion in federal tax cuts, about half taking effect almost immediately by withholding less from paychecks of most workers.

via The Associated Press: Analysis: Can Uncle Sam spend cash fast enough?.

 

 

Mike: Needless to say, this will be a very trying time for many states and their residents. We can hope for better times sometime during 2009, but that’s being optimistic, especially after reading and hearing from Nobel Prize winning economist Paul Krugman:

 

 

Mike: In closing, things are bad and likely to get worse for the next year, but the US and world economies have seen difficult financial conditions in the past and fought their way to prosperity. Keep those fingers crossed….

- Onto the latest layoff announcements and economic news:

 

 
Microsoft and IBM News/Rumors -

 

Bloggers and analysts on Monday poured cold water on rumors that Microsoft plans to lay off a substantial number of its employees. The rumors, which surfaced in late December, suggested that the company might shave off as much as 17 percent of its 95,000-plus workforce.

via Redmond Channel Partner Online | News: Microsoft Mum on Rumored Layoffs .

 

* In an e-mail to Edge, a Microsoft spokesperson stopped short of denying the report, stating the company “does not provide comment on rumor and speculation.” He did not offer any color on how the games division could possibly be affected.

via News: Microsoft tight-lipped on layoff rumors - ComputerAndVideoGames.com.

 

Windows — the cornerstone of Microsoft’s software portfolio — was hard hit toward the end of the year. In early December, analysts announced that the OS’s market share had dipped below 90 percent for the first time. Then its share declined yet another percentage point over the Holiday Season. Most of those Windows machines were replaced with computers running Apple’s Mac OS X, but some also went to Microsoft’s most hated rival, the open source Linux OS.

 

* According to comments made by numerous IBM workers on several discussion boards, the outfit is planning a massive job cut in January.

Workers believe IBM announce the move in the first half of January, before it posts its quarterly results. The outfit currently employs 386,000 workers worldwide, and according to some of them who took part in the discussions, as many as 4 percent, or 16,000, will get their notice on January 23.

via Fudzilla – Significant job cuts rumored at IBM.

 

General Economic News -

* WASHINGTON (AP) — The National Association of Realtors says pending home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to put their purchases on hold.

The trade group said Tuesday its seasonally adjusted index of pending sales for existing homes fell 4 percent to 82.3 from a downwardly revised October reading of 85.7 in October.

via Pending home sales plunge to record low in Nov.: Financial News – Yahoo! Finance.

 

Mike: The fallout from the above report can be seen in the following stroy:

 

* TAMPA - Tampa-based Walter Industries Inc. announced today that it is closing its Jim Walter Homes subsidiary.

Jim Walter Homes has built more than 350,000 homes since it opened in 1946, but it has not been profitable in several years.

The closure will result in 230 jobs lost nationwide, including 45 at the company’s headquarters in Tampa.

via Jim Walter Homes Closing; Job Losses Include 45 In Tampa.

 

* WASHINGTON (AP) — Orders to factories fell for a record fourth straight month in November, reflecting the intensifying effects of the country’s steep recession.

The Commerce Department says orders declined by 4.6 percent in November, nearly double the 2.5 percent drop economists expected. Orders have been falling since August, including a 6 percent plunge in October, the biggest setback in eight years.

via Factory orders drop more than expected in Nov.: Financial News – Yahoo! Finance.

 

Mike: The following  “slowing” in the decline in the service sector is a similar to the UKs report, which is available in the International section of this post. I guess a slowing contraction is an improvement:

* NEW YORK (AP) — A private research group says the U.S. services sector contracted at a slower pace in December as new orders and employment improved.

The Institute for Supply Management, a trade group of purchasing executives, said Tuesday that its services sector index rose to 40.6 in December from 37.3 in November. Wall Street economists surveyed by Thomson Reuters had expected the index to slip slightly to 37.0.

via Services index shows less contraction in December: Financial News – Yahoo! Finance.

 

Mike: US and imports both saw dramatic yoy sales declines
The U.S. auto industry closed out its worst year in more than a decade as automakers reported sales slumped 31% or more in December – the fourth-straight month of such declines.

The grim numbers underscore how matters went from bad to worse for automakers last year as jittery consumers stayed out of showrooms. Those woes are expected result in even lower sales for 2009, with automakers expected to ratchet back incentives starting in the spring and financing remaining tighter than had been the norm.

via 2nd UPDATE: US Auto Sales Slump Again, Capping Woeful 2008.

        -
- Municipal News

 

Orange County handed out layoff notices to 210 social service workers Monday, the first of a wave of cuts intended to trim more than $32 million from this year’s budget.

Another 100 vacant positions in the agency were also eliminated.

via OC lays off 210 county workers | county, services, year, orange, cuts – News – OCRegister.com.

 

* Eyeing an ever-widening budget gap, Los Angeles Unified School District officials said Monday they could soon send nearly 3,000 nonpermanent teachers notices warning of imminent layoffs.

via-3,000 LAUSD teachers face layoffs

 

Lincoln is the latest city in the region to face a wave of layoffs, and city workers, including police and firefighters, have been notified that their jobs could be gone.

What was once one of California’s fastest growing cities is now racking up substantial debt, and city leaders say layoffs may be in the works as early as this week.

“We don’t have enough money to provide the same level of service as we have in the past,” said city councilman Tom Cosgrove. “I think [layoffs] are the toughest. They’re also the last resort.”

via cbs13.com – Lincoln City Workers Facing Layoffs This Week .

 

* RENO – Citing the loss of 17 flights since last year, the Reno-Tahoe International Airport is announcing 11 people are being laid off, and other measures taken to save $2.5 million dollars.

In addition to the layoffs, the budget cuts will also include freezing positions, a voluntary salary freeze, buyouts, and program eliminations.

via Reno-Tahoe Airport Announces Layoffs / Northern Nevada, Reno, Lake Tahoe, News Now, Live Streaming Darren Mack Trial .

 

* BROOKSVILLE – The downturn in the local construction industry has claimed the jobs of six more building department employees, the county announced Monday.

 

* COLUMBIA — The South Carolina Education Department says most of a potential $349 million budget cut that legislators may need would fall on local school districts………

Meanwhile, the department said it would cut 107 jobs and the biggest reductions would affect bus operations, jobs and salaries. But it would also look to eliminate school nurse slots, reduce teacher incentive pay and text book spending as well as dropout and assessment programs.

via SC schools agency plans for $349 million cut | Spartanburg, South Carolina | GoUpstate.com | Spartanburg Herald-Journal.

 

Sacramento on Monday announced it has laid off eight workers in the city’s development services department due to falling revenue.

The affected workers, civil engineers and technicians within the department, were notified Friday.

via City lays off eight development services workers - Sacramento Business Journal: .

 

* BROOKSVILLE — Six workers in Hernando County’s Development Department were laid off Monday due to the continuing slump in new construction.

via More county workers laid off in Hernando .

 

* BATON ROUGE, La. (AP) — Gov. Bobby Jindal’s plan to close a $341 million budget deficit will cost at least 335 state employees their jobs — mainly in the state Department of Corrections.

Seventy people hired for a new skilled nursing unit for prisoners will be let go because the facility at the Elayn Hunt Correctional Center in St. Gabriel won’t be expanded as planned.

via More than 300 jobs to be cut in Louisiana Department of Corrections | thetowntalk.com | The Town Talk.

 

* SANTA ANA – City officials are raising some trash rates and will begin laying off several dozen workers this week as they struggle to fix a cash-strapped budget in an unraveling economy.

Most cities are feeling an economic pinch as their main sources of money – especially the sales tax – slow. But Santa Ana started the fiscal year facing down a multimillion-dollar budget deficit, and its bottom line has only gone south from there.

via Santa Ana to lay off workers, raise trash fees | city, layoffs, workers, budget, week – News – OCRegister.com.

 

Eleven employees of the Kansas Racing and Gaming Commission will be laid off because casino projects haven’t started, Stephen Martino, executive director of the agency, said Tuesday.

via LJWorld.com / “State gaming commission lays off 10 workers” by Statehouse Briefing .

 

* Fresno, CA, USA (KFSN) — Clovis city leaders made a painful decision that could affect residents the next time they need a police officer to respond.

The council agreed to cut eleven police officer positions and six firefighters.

via Clovis Police and Fire Fighter Job Cuts - 1/06/09 – Fresno News – abc30.com.

more about “Clovis Police and Fire Fighter Job Cu…“, posted with vodpod

 

 

- US and some Canada News -


 

* FREMONT, Calif. – Logitech International SA, a maker of mice, webcams and other computer peripherals, said Monday it is cutting its salaried work force by 15 percent in response to weak consumer demand amid what it expects to be an extended global downturn.

Switzerland-based Logitech, which also has offices in Fremont, has about 3,500 salaried employees in a total work force of about 9,000.

via Logitech to cut salaried staff by 15 percent (AP) by AP: Yahoo! Tech .

 

* Jan. 6 (Bloomberg) — Logitech International SA, the biggest maker of computer mice, will cut 15 percent of its non- manufacturing jobs and withdrew its fiscal 2009 profit targets because of the deepening global recession.

 

* LOS ANGELES (Reuters) – Health insurer Cigna Corp (CI.N) said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.

As a result, the company said it expects to record after-tax restructuring charges of $30 million to $40 million in the fourth quarter of 2008.

via Cigna to cut 1,100 jobs, citing weak economy | Reuters .

 

* In a second round of cuts, Perceptive Software Inc. laid off 53 employees on Monday, or 10 percent of its work force.

via Perceptive Software lays off 53 - Kansas City Business Journal: .

 

* Xerox was one of the first companies to recognize the slumping economy and take steps to deal with it.

The company has offered separation packages seeking to trim roughly 5.2 percent of its employees worldwide. If not enough people step forward to reach that goal, some will face layoffs.

via Xerox Copes With Recession; Layoffs Possible – 13WHAM.com .

 

Wind tower manufacturer DMI Industries says it is cutting about 20 percent of its work force due to declining demand from developers struggling to get financing for wind projects.

via Wind tower maker cutting about 20 percent of jobs – BusinessWeek.

 

* SPRINGFIELD – The daily and Sunday Republican announced Monday it will reduce its workforce and restructure some of its operations as a result of a deteriorating economy.

Publisher Larry A. McDermott told employees in a letter that 22 full-time represented positions and 14 part-time positions would be eliminated.

via Republican plans layoffs – MassLive.com .

 

* Harrah’s Entertainment announced late Monday that it had eliminated or “reclassified” 70 positions at the Rio Hotel & Casino.  Reclassified is defined by reducing full-time staff to part-time.

via Layoffs at the Rio Hotel-Casino.

 

* Atlanta-based Definition 6 laid off approximately eight staffers in recent weeks. Cuts at the full-service digital agency affected employees at all levels, from director positions to rank-and-file account executives.

via Atlanta’s Definition 6 Joins Digital Agency Layoff Club – ClickZ.

 

Automotive castings company JL French has enacted layoffs at the Glasgow plant.

 

* NEW YORK -(Dow Jones)- LPL Financial, an independent broker/dealer, said it will cut 10% of its work force, or approximately 275 employees, according to a recent filing with the Securities and Exchange Commission.

In the Dec. 31 filing, LPL said it announced the staff reduction to reduce costs as part of a “comprehensive strategic business review.”

via LPL Financial To Lay Off 10% Of Work Force To Cut Costs.

 

R.L. Stowe Mills will close its doors after almost 108 years in the sales yarn business, company officials announced today.

Harding Stowe, the company’s president and chief executive, said the yarn operation will close facilities in Tennessee and North Carolina which will put about 550 people out of work. About 350 of those employees work in the Chattanooga area, he said.

via Chattanooga Times Free Press | R.L. Stowe’s closing will lead to about 350 being laid off in Chattanooga .

 

* The tough economy is hitting specialty veterinarian manufacturing company Heska.

The company today started laying off “less than 10 percent” of its 312 workers in Loveland and Des Moines, Iowa, chief financial officer Jason Napolitano said.

via Economic slowdown hits Heska | LovelandConnection.com | Loveland Connection.

 

* U.S. Steel Corp. said today it is eliminating its drawn-over-mandrel tubing products business and closing those lines at its Lone Star, Texas, plant, resulting in a fourth-quarter pre-tax charge of about $25 million and the loss of about 50 jobs.

via U.S. Steel to close tubing unit in Texas - Pittsburgh Tribune-Review.

 

Robert Bosch Corp. will trim about 10% of its 2,100-member work force in North Charleston, the company said Monday.

Out of the roughly 200 people who will be affected, about 75 accepted a severance package offered by Bosch in early December, said spokeswoman Becky MacDonald.

via Charleston Regional Business Journal | Charleston, SC.

 

* GRAND RAPIDS — Slowdowns in housing and consumer spending are driving cutbacks at Kindel Furniture Co., the city’s only residential furniture maker.

On Monday, company officials told their 130 employees they would lay off 19 full-time and five part-time workers, and go to a four-day work week for everyone else starting this week.

via Kindel Furniture Co. laying off 24 employees; going to four-day week for other employees – Grand Rapids, Michigan Business News – The Grand Rapids Press – MLive.com.

 

* In Kleberg county, about a hundred people have lost their jobs after a uranium mining operation shut down.

more about “Uranium Mining Shutdown | “, posted with vodpod

 

Les Schwab Tire Centers is laying off 27 people at its Prineville distribution center, according to Bend TV station KTVZ.

“We’re selling fewer tires, and that affects everyone,” Schab executive Jodi Hueske told the station. “We’re loading (fewer) tires on our trucks and hauling fewer tires to our stores.”

via Schwab Tire lays off 27 in Prineville - Business – Oregonlive.com.

 

Mike: And this is before Logitech’s 500 layoof:

* This year’s job market is starting out on a dismal note. Fremont is being jolted with about 500 job cuts this month, primarily from a high-tech sector that has begun to erode.

Over a span of several weeks from New Year’s Eve through mid-February, companies are cutting 534 jobs from their Fremont operations.

via High-tech job cuts landing in Fremont - ContraCostaTimes.com.

 

* The Internal Revenue Service will eliminate more than 700 area jobs this year due to consolidation sparked by a rise in the electronic filing of tax returns.

The IRS service center headquartered on Route 133 in Andover will no longer process tax returns after September 2009, according to IRS spokeswoman Peggy Riley.

As a result, 711 full- and part-time positions in Andover, Methuen, Lowell and Fitchburg will be terminated, the majority of the job losses occurring in Andover.

via With e-filing on the rise, IRS to cut 700 jobs - GloucesterTimes.com, Gloucester, MA.

 

* MAIDEN – Getrag Corp. laid off 141 of its approximately 500 employees Monday.

The manufacturer of General Motors and Chrysler auto parts cited the continuing worldwide economic crisis as the reason for cutting its work force by nearly 28 percent.

via Catawba County axle maker cuts 141 jobs.

 

* Laird Technologies, which makes electronic components used by a wide range of industries, has seven manufacturing plants in the United States and operations spread around the world. The company said late last year that it is closing or downsizing three of its U.S. manufacturing plants.

via 01/06/2009 – Laird Technologies to close Earth City manufacturing plant - STLtoday.com .

 

* CLEMSON — A possible cut of 70 jobs at Clemson University’s Public Service & Agriculture division is — for now — a budget exercise, a spokeswoman said on Monday.

The Associated Press reported that Clemson’s PSA division, which includes its extension service, could lose 70 jobs from the research and extension service, if it chose to meet an 8 percent cut in the coming year by reducing staffing.

via Clemson says 70 job cuts just an exercise for now : Local News : Anderson Independent-Mail.

 

* Boat maker Brunswick Corp. said Tuesday it will cut up to 275 jobs by Friday in order to deal with softening demand.

The recreational boat industry has been squeezed as consumers curb discretionary spending due to the ongoing housing downturn, rising food costs, eroding credit and unemployment concerns.

via Brunswick to cut up to 275 jobs as demand weakens – Forbes.com.

 

* SAN FRANCISCO—IC vendor Micrel Inc. plans to cut its workforce by 6 percent, the company said Tuesday (Jan. 6) in announcing that it has revised its fourth quarter 2008 revenue and earnings outlook downward.

According to an Associated Press report that cited financial-information service CapitalIQ, Micrel has 923 employees, meaning that the company plans to cut about 55.

via EETimes.com – Micrel to cut jobs after Q4 profit warning.

 

* Jan. 6 (Bloomberg) — McGraw-Hill Cos., the owner of the Standard & Poor’s credit-rating service, cut 375 more jobs in the fourth quarter as the market slowdown and U.S. recession erode revenue.

via Bloomberg.com: U.S..

 

* In another cost-cutting effort, BusinessWeek publisher the McGraw-Hill Company today said it eliminated 375 positions company-wide during the fourth quarter. Seventy of those came from its information and media division.

via McGraw-Hill Cut 375 Jobs in Fourth Quarter – M and A and Finance @ FolioMag.com.

 

The Milwaukee-area labor market lost 12,400 jobs between November 2007 and November 2008, according to employment figures released Tuesday by the U.S. Bureau of Labor Statistics.

via U.S.: Milwaukee loses 12,400 jobs in November – The Business Journal of Milwaukee: .

 

* After the merger, the company will be known as Markquart Motors and will do business out of the current facility in Lake Hallie. Markquart says about 10 percent of its staff, or fewer than 20 jobs, will be cut.

via WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports-Markquart Car Dealership Announces Merger of Two Locations.

 

* Just over 300 trucking jobs near Lancaster are expected to be lost starting on March 1, due to decisions announced Monday by Yellow Transportation and Roadway Express.

Yellow Transportation plans to lay off 207 workers from its facility at 5100 Main St. in East Petersburg, according to a notice filed with the Pennsylvania Department of Labor and Industry.

via Layoffs, closing hit trucking industry in Lancaster - Central PA Local News | Midstate Pennsylvania– PennLive.com .

 

* BOZEMAN – The Bozeman Community Food Co-op has laid off 27 people from its staff of 160, citing lower sales and a lack of its normal winter attrition

via Bozeman Food Co-op lays off 27 | Max Media Montana | State News

 

* BENNINGTON – A Bennington plant that makes auto parts is continuing to reduce its work force.

The latest layoffs at NSK Steering Systems America brings to a total of 200 the number of layoffs since October.

via Company that makes auto parts lays off 71: Rutland Herald Online.

 

* According to news reports, Titan has laid off some 80 employees at its Freeport, Ill., tire plant, and may be going on a six-weeks-on/two-weeks-off schedule.

via Tirereview – Global Tire News .

 

* ADOTAS — LiveJournal, a social media, blogging space, announced restructuring (layoffs) today, though no number was given.

via LiveJournal Layoffs » Adotas.

 

* It’s time to tighten the belt on budget. Follansbee Mayor Anthony Paesaus says they don’t have any other choice with the situation at Wheeling Nisshin.

Layoffs at the hot dip coating mill in Brooke County took effect Tuesday. The plant employs 175 local workers and 90 are impacted by the layoffs. These are the first layoffs at the plant in its 20-year history.

via West Virginia Headline News and Talk Radio.

 

* More bad news has been announced for Chatham’s Richmond Street truck plant.

- International Truck and Engine Corp. has issued additional layoff notices of up to 199 employees — both plant and office workers.

via London Free Press – Business – Another 199 jobs to go at International Truck.

 

Micrel cuts Q4 outlook; announces 6% workforce reduction – update

(RTTNews) -  Micrel, Inc. (MCRL: News ), a provider of analog, high bandwidth communications and Ethernet IC solutions, Tuesday lowered its earnings and revenue outlook for the fourth quarter of fiscal 2008. The company attributed the shortfall in revenue to lower-than-anticipated OEM turns-fill orders and distribution resales occurred in late November and December. In addition, Micrel said that it is reducing 6% of its workforce to control expenses.

via RTTNews - Latest Earnings,Upcoming Earnings, Pos Pre Announcements, Pos Pre Announcements , Positive Surprises, Negative Surprises, Hot Stocks, Stock Split Calendar, Stock Buybacks, Dividends, Negative, Positive PreAnnouncements,Surprises …. .

 

Renegy Holdings Inc. announced it will restructure and lay off 42 employees to focus on its Snowflake biomass power plant, which serves Arizona Public Service Co. and Salt River Project.

via Renegy announces restructuring, layoffs.

 

* Specifically, this is the post to which inquiring minds are referring, one that contains a memo that landed in our in-boxes on New Year’s Eve in which New Times founders Mike Lacey and Jim Larkin announced 15-percent pay reductions for “all VVM senior managers and officers, including Larkin and Lacey”; 10-percent pay cuts for all VVM publishers and editors; and the company’s decision to no longer match money put into our 401-K plan.

via Dallas – Unfair Park – Dallas Observer’s Parent Company Announces Pay Cuts and Layoffs.

 

In a sign that the magazine bloodletting hadn’t ended in 2008, Forbes Media said today that it laid off another 19 people, this time from the editorial side.

It was the company’s second round of cuts in the past two months. In November, 43 people, mostly from the business side, were axed as Forbes took steps to undo its longstanding practice of operating its print and online businesses separately.

via Forbes Lays Off Another 19 in Second Round of Cuts.

 

Mike: You know the economy is suffering when even the Berkshires have to take a hit in the yoga arena:

* STOCKBRIDGE — Joining a growing number of the area’s larger employers, the Kripalu Center for Yoga and Health has laid off a significant portion of its workforce.

Sixty-one employees — or roughly 15 percent of the staff — have been laid off by Kripalu in recent days. The cuts are part of significant changes the nonprofit’s executives say are essential to maintaining their mission, in light of economic struggles that have drastically reduced business expectations for 2009.

via Kripalu latest to trim work force – Berkshire Eagle Online.

 

Alcoa (AA Quote – Cramer on AA – Stock Picks) said Tuesday it’s planning to slash more than 15,000 full-time and contractor positions and further cut output to better cope with the downturn afflicting economies around the world.

By the end of 2009, more than 13,500 employees, or 13% of the company’s global workforce, will be let go. Additionally, 1,700 contractor positions will be eliminated. At the same time, Alcoa has instituted a salary and hiring freeze.

via Update: Alcoa Slashes Jobs, Cuts Output | Industrials | Financial Articles & Investing News | TheStreet.com.

 

* NEW YORK, Jan 6 (Reuters) – Aluminum producer Alcoa Inc said on Tuesday it will curtail metal production by about 18 percent and cut some 15,200 jobs to save cash and reduce costs as it seeks to counter the impact of the global economic downturn.

The company said it also has instituted a global salary and hiring freeze, will sell four non-core businesses and reduce 2009 capital expenditures by 50 percent.

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

 

* The Phoenix Coyotes laid off 18 people Monday, a move the team said is in line with cutting costs amid the recession.

The losses were from the team’s business and arena operations, and do not include the hockey unit, said Doug Moss, Coyotes’ president and chief operating officer.

via Phoenix Coyotes lay off 18 in cost-cutting move – Phoenix Business Journal: .

 

Aqua Glass in Adamsville will lay off an additional 30 employees from various positions throughout the plant after letting go more than 100 employees last year.

via Aqua Glass in Adamsville to lay off 30 | jacksonsun.com | .

 

* Dozens of workers are now looking for work after a Franklin County company announced layoffs on Tuesday.

- Topy America let 45 workers go. The company makes steel wheels for the automotive industry.

via Automotive Parts Company Cuts Workforce.

 

* IDAHO FALLS – We have a follow-up to a story we first told you Monday night about Budget Car Rental.

The company that owns the franchise at the Idaho Falls Regional Airport has filed for bankruptcy.

On Tuesday, we’ve learned that five people have been laid off and the business will be shut down.

via Budget Car Rental shuts down at I.F. Airport; Employees laid off | KIDK CBS 3 – News, Weather and Sports – Idaho Falls – Pocatello – Blackfoot, ID – Idaho Falls, Pocatello, Blackfoot – Idaho | News .

 

- International News -

 

Jan. 6 (Bloomberg) — Indian exporters expect to cut as much as 10 million jobs by March as the global recession prompts overseas buyers to cancel orders

via Bloomberg.com: India & Pakistan.

 

* TOKYO (AFP) — Japan’s Sanyo Electric Co. plans to cut up to 1,000 jobs to revamp its struggling businesses before being bought by Panasonic Corp., a press report said Tuesday.

Sanyo Electric is considering shedding about 500 of its 20,000 regular employees in Japan, mainly in the semiconductor division, by the end of March, the Nikkei business daily reported.

via AFP: Japan’s Sanyo to cut up to 1,000 jobs: report.

 

* LONDON, Jan 6 (Reuters) – The euro zone private sector services economy shrank sharply in December and firms cut more jobs than first estimated, a survey showed, pointing to a deep recession lasting for at least a good part of the year.

With inflationary pressures evaporating and no sign that businesses — now cutting payrolls at a rapid pace — are sensing a pick-up any time soon, the data reinforces expectations the European Central Bank is likely to cut interest rates to new lows.

via Euro zone services PMI at record low, firms slash jobs – Forbes.com.

 

* London, UK (AHN) – The services purchasing managers index of the U.K. surprisingly improved in December to 40.2 compared to a market expectation for a decline to 39.2, according to a data.

But the country’s service sector activity contracted at a near-record pace last month, a report showed.

via U.K. December Services PMI Unexpectedly Improve | AHN | January 6, 2009.

 

A COLLAPSE of Jaguar Land Rover would put around 75,000 jobs at risk and cost the British taxpayer up to £2 billion, a top Midland business expert warned.

Professor David Bailey, director of Birmingham Business School, said the consequences of Government inaction over JLR would be “huge” as pressure grows for a New Year £1 billion state-sanctioned loan.

via 75,000 jobs risk if Jaguar collapses - Coventry Telegraph.

 

* The Philippine Overseas Employment Administration (POEA) yesterday reported that at least 1,000 more overseas Filipino workers (OFWs) have lost their jobs in Taiwan and other countries due to the global financial crisis.

via 1,000 more OFWs laid off in Taiwan | Home >> Pinoy Abroad >> Asia .

 

* LONDON, Jan 5 (Reuters) – British retailer Marks & Spencer (MKS.L) is set to cut more than 1,000 jobs in stores, its head office and support functions following disastrous Christmas trading, The Times web-site reported on Monday.

via Marks & Spencer to cut over 1,000 job losses-paper | Industries | Consumer Goods & Retail | Reuters .

 

* LONDON (Reuters) – Consumer morale sank lower in December as worries about job losses resulting from the economic downturn soured the Christmas spirit.

The Nationwide Building Society said its consumer confidence index fell four points to 47 last month — the lowest since the survey began in 2004.

via Consumer morale worsens in December - Investing | More commentary – MSN Money UK.

 

* TOKYO, Jan. 6 (PNA/Kyodo) — Domestic sales of new vehicles, excluding minivehicles, fell to a 34-year low of 3,212,342 units in 2008 — nearly half of the peak level in 1990 — as worsening economic conditions depressed consumer demand, an industry body said Monday.

The sales figure — the lowest recorded since 1974 in the aftermath of the first oil shock — represents a 6.5 percent year-on-year decline and the fifth consecutive yearly fall, the Japan Automobile Dealers Association said.

via Philippines News Agency.

 

- Hiring News -

 

* WASHINGTON (CNN) — Despite a bleak economic environment featuring wide-ranging layoffs and rising unemployment, the nation’s premier law enforcement agency is touting “one of the largest hiring blitzes in our 100-year history.”

The FBI is about to embark on its biggest hiring spree since immediately after the September 11, 2001.

The FBI posted openings for 850 special agents and more than 2,100 professional support personnel. Officials say it’s the largest FBI job posting since immediately after the September 11, 2001, terrorist attacks.

via Wanted: 850 new FBI agents - CNN.com.

 

More than 12,000 jobs will soon open up at the MGM Mirage’s new CityCenter on the Las Vegas Strip.

via KTVN Channel 2 – Reno Tahoe News Weather, Video – 12,000+ Jobs to Open Up at CityCenter in Las Vegas.

 

* Having trouble finding a job in, say, New York City or South Florida? You might give Madison, Wis., a try. It’s got an unusually healthy outlook for job growth and a strikingly low unemployment rate–3.5% in October, when the national rate was 6.5%.

via Ten Cities For Job Growth In 2009 – Forbes.com.

 

Here’s a look at 13 cutting-edge careers, viable now and poised for future growth. They stem from megatrends like globalization, digitization, and the wave of environmentalism sweeping the world.

 

Mike: There were a number of shockers today, but the Alcoa news was at the top of the list, although the people laid off from Brunswick, Logitech, and R.L. Stowe would likely disagree. More to come tomorrow, but let’s end the listing night with a little humor.……………..

 

 

Jeff Stahler - Jan 6

Jeff Stahler - Jan 6

 

 


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