Mike: Good day to all. Friday is starting out to be a little quieter in the job loss department than Thursday started. There are no job reports due today and that should also add to the hoped for quiet. A bit of quiet on the job loss front would do everyone some good
The stimulus package appears set to be approved in the next couple of days and that should bring some relief to some of us. I hope only that the money is going  to where it’s needed.
Rob Rogers - Feb 13

Rob Rogers - Feb 13

Larger job loss announcements:


Microsoft/Google/IBM and other Rumors & News


* SEATTLE (AP) — Microsoft Corp. on Thursday announced plans to open its own stores despite the economic downturn that has left many retailers struggling.

The company hired David Porter, a 25-year veteran of Wal-Mart Stores Inc., as its corporate vice president of retail stores. Porter was head of worldwide product distribution at DreamWorks Animation SKG Inc. since 2007.

via Microsoft to open own retail stores – Yahoo! Finance.


General Economic News


* Feb. 13 (Bloomberg) — The stimulus plan emerging from Congress may jolt the U.S. economy in successive waves: relief to cash-strapped consumers, businesses and states, then a job- creating lift from spending on roads, utilities and public transit.

While the package will take time to have an impact, and unemployment is likely to keep rising for months, it will start returning the U.S. toward growth by the end of the year, economists said.

via Bloomberg.com: Worldwide.


* WASHINGTON (AP) — President Barack Obama’s massive, $790 billion economic stimulus plan is on track for a Friday vote in the House, Democratic leaders say, after a 24-hour delay caused by late, lingering controversy.

AP – House Speaker Nancy Pelosi of Calif. walks to her office on Capitol Hill in Washington, Thursday, Feb. 12, …

The Senate could vote on the package of spending and tax cuts later in the day or over the weekend, sending the measure to Obama’s desk and awarding him a crucial victory. He says the measure will create or save 3.5 million jobs, while critics contend the bill is filled with wasteful spending and provisions that won’t boost the economy.

via Congress readies final vote on $790B stimulus bill – Yahoo! Finance.


Consumer Sentiment


* Feb. 13 (Bloomberg) — Confidence among U.S. consumers fell in February as job losses and declining prices for stocks and homes undermined Americans’ view of their financial well-being.

The Reuters/University of Michigan preliminary index of consumer sentiment fell to 56.2, from 61.2 in January. The drop is the first in three months and puts the index near a 28-year low of 55.3 reached in November.

via Bloomberg.com: Worldwide.



Jeff Stahler - Feb 13

Jeff Stahler - Feb 13


Mike: The following Economist article on the stimulus is worth a  read:

*This week marked a huge wasted opportunity in the economic crisis *

Illustration by KAL

THERE was a chance that this week would mark a turning-point in an ever-deepening global slump, as Barack Obama produced the two main parts of his rescue plan. The first, and most argued-over, was a big fiscal boost. After a lot of bickering in Congress a final compromise stimulus bill, worth $789 billion, seemed to have been agreed on February 11th; it should be only days away from becoming law. The second, and more important, part of the rescue was team Obama’s scheme for fixing the financial mess, laid out in a speech on February 10th by Tim Geithner, the treasury secretary.

America cannot rescue the world economy alone. But this double offensive by its biggest economy could potentially have broken the spiral of uncertainty and gloom that is gripping investors, producers and consumers across the globe.

Alas, that opportunity was squandered. Mr Obama ceded control of the stimulus to the fractious congressional Democrats, allowing a plan that should have had broad support from both parties to become a divisive partisan battle. More serious still was Mr Geithner’s financial-rescue blueprint which, though touted as a bold departure from the incrementalism and uncertainty that had plagued the Bush administration’s Wall Street fixes, in fact looked depressingly like his predecessors’ efforts: timid, incomplete and short on detail. Despite talk of trillion-dollar sums, stockmarkets tumbled. Far from boosting confidence, Mr Obama seems at sea.

via The trouble with Obama’s rescue | The Obama rescue | The Economist.


* BRUSSELS (Reuters) – The euro zone suffered its deepest contraction on record in the last quarter of 2008 with its main constituents — Germany, France and Italy — all faring badly, casting severe doubt on any nascent recovery hopes.

Gross domestic product in the 15 countries then using the euro shrank 1.5 percent from the previous quarter, worse than forecasts for a 1.3 percent drop, statistics office Eurostat said on Friday.

“These are huge contractions in Europe, the largest in living memory in most cases,” said Ken Wattret, economist at BNP Paribas.

via Eurozone shrinks sharply – Yahoo! Finance.


Municipal News


Charlotte-Mecklenburg Schools is now looking at cutting more than 1,200 jobs – 500 more than the superintendent outlined two weeks ago – and some board members say across-the-board pay cuts may be needed as well.

via CMS looks at cutting 1,200 jobs as money trouble grows | CharlotteObserver.com.


* LYNN – The Lynn School Department mailed, as well as delivered, approximately 120 layoff notices to teachers, clerks and aides Thursday morning as employees anxiously await the results of next Wednesday’s School Committee vote which will determine if teachers and administrators can take a furlough day to save jobs.

via Lynn school layoff notices delivered.


* NEW BEDFORD, Mass. (AP) – New Bedford is laying off dozens of city workers because of a $2.8 million cut in state local aid.

Mayor Scott Lang said about 85 workers were let go Thursday and about 100 more will get pink slips on Friday. Lang tells the Standard-Times newspaper he is trying to keep the layoffs below 200 and to maintain the city’s police, fire and emergency service jobs.

via New Bedford laying off dozens.


* Twenty-five Luzerne County court employees, including the director of probation services and the department’s fiscal director, were notified Wednesday they would be dismissed in the first of a series of layoffs intended to reduce court spending by $2.1 million.

via 25 court employees marked for layoffs | Hazleton, Pa. News | standardspeaker.com – The Standard Speaker.


* Despite rising demand for unemployment benefits and food stamps, the Department of Economic Security on Thursday announced furloughs for 9,000 employees and said “a significant number” of layoffs are imminent.

via 9,000 at DES will be placed on unpaid leave.


Exactly 200 public school employees have taken advantage of a buyout offered by Hamilton County Schools, officials confirmed today.

Eight principals, nine assistant principals and 21 central office personnel took the retirement incentive, which was offered last month to long-time employees.

via Chattanooga Times Free Press | Chattanooga: 200 school employees take buyout, layoffs still coming.


US and some Canada News


* Grappling with softening demand from its customers, Power-One has slashed 1,000 jobs, or 22 percent of its global work force, in an aggressive move to curb operating costs and become more efficient.

Founded in 1973, the Camarillo-based company designs and manufactures power conversion and power management products for communications equipment, including routers, data storage and servers.

via Power-One in Camarillo cuts 1,000 jobs, most of them offshore : Markets : Ventura County Star .


teck-cominco* Teck Cominco Ltd., which recently acquired Fording Canadian Coal Trust’s assets in a blockbuster $13 billion deal, is cutting 1,400 jobs, including 93 in Alberta, as the global economic meltdown saps demand and prices cool for metallurgical coal.


usaa* Financial services company USAA is closing its 625-person Sacramento campus by the end of September, and is offering to relocate most of its workers to offices in other states, the company announced Thursday.

via USAA closing 625-person Sacramento campus – Sacramento Business Journal: .


usaa1* Norfolk to lose 475 jobs in USAA consolidation

NORFOLK — Norfolk is losing 475 jobs as part of a broader consolidation by USAA, an insurance and financial-services company that serves military members and their families.

via BUSINESS BRIEFS | Richmond Times-Dispatch.


* An auto parts company with two Northeast Missorui plants is planning additional layoffs and what it calls a temporary production shutdown.

More than 50 workers at the Monroe City plant will lose their jobs and a two-week shutdown will start on Feb. 16.

via Intermet plans more layoffs, temporary shutdown – Hannibal, MO – Hannibal Courier-Post.


* RARITAN TWP. — About half the newsroom staff of the Democrat was laid off yesterday, as NJN Publishing strives to keep the newspaper’s expenses in line with its revenue.

The layoffs included four part-timers and seven full-timers — an editor, five reporters and a photographer.

via Layoffs in Hunterdon County Democrat newsroom announced – .


* A-dec Inc., one of the world’s largest manufacturers of dental chairs and equipment, announced the elimination of nearly 100 jobs at its headquarters in Newberg.

via Newberg-based A-dec cutting 100 jobs – OregonLive.com.


About 20 University of Sioux Falls employees will lose their jobs and the rest will see immediate 9 percent pay cuts under a plan to save $2.2 million during the next 17 months.

Eleven to 16 staff members will be dismissed today, and four to eight faculty will leave at the end of the semester. Administrators will take the next two weeks to decide which faculty will not return.

via USF braces to cut jobs, pay | argusleader.com | Argus Leader.


* DANVILLE – FreightCar America Inc. plans to cut nearly four of every five jobs at its Danville facility, starting this week.

FreightCar America Inc. started notifying workers this week about what it calls layoffs, according to information filed with the Illinois Department of Commerce and Economic Opportunity.

via The News-Gazette.com: Danville’s FreightCar America Inc. laying off workers.


* The Baltimore Sun announces consolidation measures, plans staff cuts

via Baltimore Sun to close suburban bureaus, cut staff –– baltimoresun.com.


* APPLETON — Miller Electric Mfg. Co. today announced plans to cut 165 jobs, or roughly 12 percent of its 1,400-person work force in the Fox Cities.

via Appleton’s Miller Electric Mfg. Co. cutting jobs | Postcrescent.com | Appleton Post-Crescent.


staples1* Office supply chain Staples Inc. says it’s shutting a distribution center in Lincolnshire.

About 130 jobs will be cut when the Lincolnshire location closes later this spring.

via Daily Herald | Staples to close Lincolnshire center, cut 130 jobs.


* The Wal-Mart return center in south Bibb County will close by mid-September, affecting the jobs of 400 workers.

The return operation for Wal-Mart Stores Inc., where returned merchandise is processed for the company, will be transferred to a third party and relocated near Spartanburg, S.C., said Wal-Mart media spokesman Dan Fogleman from the company’s headquarters in Bentonville, Ark.

via 400 to lose jobs at Wal-Mart return center in south Bibb – Local & State – Macon.


* A feed production plant is shutting down in Arkona, cutting 14 jobs.

The Cargill plant, which supplies dairy operations in Michigan, will shift production to other Cargill plants in Southern Ontario and some workers may land work at those operations, Robert Meijer, director of corporate affairs for Cargill in Winnipeg, said yesterday.

via Cargill cutting jobs – The Sarnia Observer – Ontario, CA .


texas* BigTex, however, is not the only company who has announced layoffs this week. In addition, Oxy Permian, an oil and gas exploration company, told NewsWest 9 they have eliminated a small number of positions, but no word on how many exactly. 

NewsWest 9 has also been telling you about the dozens layed off in February as part of the Flint Hills chemical plant shutting down in May. This week, 57 employees were supposed to receive a pink slip. 

via KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com | Numerous Layoffs Hit the Permian Basin.


* However, despite strong growth, McAfee execs said that they anticipate having to further “improve cost efficiencies” with personnel reductions and facility consolidations. Company execs said they will continue to impose travel restrictions, hiring freezes to keep the headcount flat, mandatory time off, salary freezes, and suspension of certain compensation benefits. In addition, McAfee plans include a 50 percent consolidation of Secure Computing’s back office resources, and closing more than two-thirds of Secure’s facilities following the acquisition.

via Despite Strong Q4, McAfee Plans Layoffs – Security – IT Channel News by CRN and VARBusiness.


* The Potash Corporation of Saskatchewan is issuing notices which begin March 22nd, and end May 16th.

Spokesperson Ronda Speiss, says many of those employees will have the oppurtunity to work on capital and maintenance projects.

via Saskatoon Homepage.ca – Its All About Your Community. – More Layoffs at PCS after all.


* ROGERSVILLE — TRW Automotive in Rogersville announced to employees Thursday that about 45 permanent layoffs would take effect by the end of the month, reducing the Rogersville plant’s employee count to 330.

via TRW notifies employees of layoffs, 45 workers to lose jobs at Rogersville plant – Kingsport Times-News Online.


SALAMANCA – More than 100 workers at Philadelphia Furniture Manufacturing Co. are dealing with layoffs and weeks of unpaid work as the company’s plant in Salamanca faces closure.

via More than 100 workers at Philadelphia Furniture Manufacturing Co. are dealing with layoffs


* Washington, D.C. (AHN) – Even lawyers aren’t immune from losing their jobs and that is exactly what happened as one of the nation’s largest law firms, Holland & Knight, felt the pinch of the nation’s recession.

Holland & Knight, with 21 offices in 11 states announced it was laying off 243 employees. That includes 70 lawyers and 173 support staff.

via Law Firm Giant Holland & Knight Lays Off 243 | AHN | February 13, 2009.


* CEDAR RAPIDS, Iowa – Officials with Yellowbook say about 200 employees in Cedar Rapids will be laid off.

via Yellowbook to lay off 200 workers — chicagotribune.com.


* YELM – Lasco Bathware plant manager Bill Kysor said Wednesday that an additional 20 people directly involved in manufacturing will leave the business at the end of the month.

via Yelm bathtub maker adds 20 to list of those laid off – YahooNews – The Olympian – Olympia, Washington.


SJE-Rhombus, a Detroit Lakes, Minn.-based manufacturer of controls and switches, has laid off 31 workers at its headquarters plant in Detroit Lakes.

via Detroit Lakes manufacturer lays off 31 | INFORUM | Fargo, ND .


* BELLINGHAM, Wash. — Workers at a call center in Bellingham said they lost their jobs on Wednesday when supervisors handed out layoff notices to hundreds of shocked employees.

The workers at Results-Bellingham said the firm that provides call services for several businesses, including a health care provider and a mobile phone company, recently expanded to a 10,000-square-foot building in an industrial park.

The workers said the layoffs came without warning.

via Hundreds Laid Off At Bellingham Firm – Money News Story – KIRO Seattle.


* LUBBOCK, TX (KCBD)- Lubbock, Texas is doing well as other parts of the U.S. suffer with major job losses.

Tyco informed 80 of the 430 workers that they would be laid off.

via KSLA News 12 Shreveport, Louisiana |Workers are being laid off at Tyco.


* UTICA, N.Y. (WKTV) – More job losses to report as 40 people being let go worldwide from Indium Corporation.

The developer, manufacturer, and supplier of specialty alloys has a branch in Utica, and Director of Communications Rick Short says that 40 people are being let go across the board.

via 40 laid off from Indium Corporation | NBC-WKTV News Channel 2 | Local News .


NTN Driveshaft has shed 200 jobs. Employees found out in a letter from management Thursday morning. The compnay cites the continued downturn in the automotive industry according to a statement.

via NEWS/TALK 1010 WCSI Radio – WCSI Weather – Columbus Indiana.


* Officials with Rexel USA say the company has laid off several dozen employees at its Meridian location.

via Rexel Lays Off 31 Employees .


* BILLINGS – A shortage of money forced the Crow Tribe to layoff 180 seasonal workers, a tribe official said Thursday.

The employees were laid off last Friday, said Cornelius Little Light, personnel director for the Crow Tribe. On Thursday, the tribe plans to bring in representatives from Job Service of Billings and other agencies to assist the displaced workers.

via Missoulian: Crow Tribe lays off 180 seasonal workers Posted on Feb. 12.


* Conifer Revenue Cycle Solutions, a division of Tenet Healthcare Corp. subsidiary Conifer Health Solutions Inc., will lay off 57 employees within its Center for Patient Access Services, the company confirmed in a warn letter to the Texas Workforce Commission.

via Tenet subsidiary announces job cuts – Dallas Business Journal: .


* The San Diego Convention & Visitors Bureau said yesterday that it would cut its staff and programs, citing a funding shortfall because of the faltering economy and declining tourism.

via Tourism promotion agency to cut staff and programs.


* PORTSMOUTH – Strawbery Banke, the venerable museum in the heart of the city, is laying off nearly 40 percent of its full-time workers and slashing budgets because of a drop in revenue.

The museum announced in a statement yesterday that it would terminate eight of its 21 full-time year-round workers and significantly cut its seasonal staff, likely by size and the number of hours worked.

via UnionLeader.com – New Hampshire news, business and sports – Strawbery Banke cuts workforce – Friday, Feb. 13, 2009.


* Holland & Knight today confirmed it has cut its associate ranks by 70 and laid off a total of 173 support staff.

The US firm has made widespread cuts, totalling 243 employees, across its 21 offices.

via More layoffs as Holland & Knight and Faegre cut jobs – 12 February 2009.


* MONROEVILLE — Harrigan Lumber Co. announced Thursday that it will suspend production at its plant east of here, resulting in the layoff of 87 workers, nearly all of the plant’s current workforce, the company said.

via Harrigan Lumber Co. mill near Monroeville to lay off 87 – al.com.


* The Francis Howell Board of Education Thursday night voted unanimously to eliminate at least 62 positions next school year, part of $5.3 million cut from the 2009-2010 budget.

via Suburban Journals | Special Feature | NEW: Francis Howell will cut 62 jobs .


Canada’s Tembec Inc (TMB.TO) said it will cut 100 jobs and implement a salary freeze for 2009 in an effort to preserve capital amid depressed markets for lumber, pulp and newsprint.

via UPDATE 1-Tembec to cut 100 jobs, freeze salaries | Industries | Industrials, Materials & Utilities | Reuters .


Eaton Corporation has temporarily laid off 37 employees from its Kearney plant on February 16, 2009.

   Officials with the plant told NTV they are hoping by April they will be able to bring them back on, but that it will depend on the markets and demand.

via NTV – KHGI/KWNB/WSWS-CA – Where your news comes first. – Grand Island, Kearney, Hastings, Lincoln | Eaton Lays Off 37 More.


spr* Sprint Nextel Corp. is closing a warehouse in Grand Prairie and will lay off 204 positions, the company said in a letter to the Texas Workforce Commissio

via Sprint Nextel layoffs hit Grand Prairie – Dallas Business Journal: .


* ST. LOUIS | St. Louis-based Bryan Cave is laying off 58 lawyers and 76 staff members because of the economic downturn.


International News


* PARIS -(Dow Jones)- Airline Air France-KLM (3112.FR) is to cut 1,000 to 1,200 jobs this year through attrition, as people retiring won’t be replaced, a company spokeswoman said Friday.

“These aren’t pure job cuts, these are retirements that won’t be replaced. It’s part of the life of a company,” the spokeswoman said.

Last year, around 2,000 jobs were lost within the company through attrition, she added.

via Actualité de la bourse sur Air France-KLM – AF : interviews, rumeurs de marchés, analyses, dossiersEasyBourse.


* Feb. 13 (Bloomberg) — Air France-KLM Group, Europe’s biggest airline, said it will eliminate as many as 2,000 jobs after lower ticket revenues and dwindling cargo volumes pushed it to a third-quarter loss.

The cuts at the Air France unit will be achieved by scrapping posts when people leave and no one will be fired, spokesman Nicolas Petteau said today. The company had a 505 million-euro ($653 million) net loss in the three months ended Dec. 31 versus a year-earlier profit of 139 million euros.

via Bloomberg.com: Worldwide.


* THE organisation supposed to lead Scotland out of recession yesterday announced it was shedding 160 jobs.

News of the job losses at Skills Development Scotland drew consternation from opposition MSPs, who said they had come at the wrong time.

via Jobs retraining agency to cut 160 staff – Scotsman.com News .


* Group chief executive officer Michael McGavick says: “The ground has shifted in the past six months for the insurance industry, the global economy, and XL. We must recognise these changes and adjust. Therefore, we will look to trim approximately 10 per cent of our global workforce this year to streamline operations to best position XL to compete effectively.

via XL Capital trimming workforce by 10% – 13 February 2009.


* Australia’s Novogen announced today that it will suspend its cardiovascular and anti-inflammatory programs to focus its resources on advancing its oncology business.” With the current economic climate making capital raising for extended programs difficult, Novogen is relying on its internal resources to concentrate on the expanding oncology portfolio,” the company said in a statement. Predictably, the move be accompanied by job cuts. 


Hiring News


* USAA, a diversified financial services company with deep San Antonio roots, says it will relocate its Sacramento, Calif., operations and part of its Norfolk, Va., operations to San Antonio; Phoenix; Colorado Springs, Colo.; and Tampa, Fla.

via USAA to add 1,000 jobs in San Antonio in wake of consolidation – San Antonio Business Journal: .



Dilbert - Feb 12

Dilbert - Feb 12


Mike: More news later in the day………….






Tags: , , , , , , , , , , , ,

Leave a Reply

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>