February 27 – GDP contracts at a staggering 6.2% pace – Japan’s FDK Corp to zap 4,800 – GM cuts 1,633 jobs in BR – Layoff List exclusive: Up to 600 will be cut at Hamilton Sundstrand – GAP to close 100 more stores – 24 K-Marts to close – Sub-Zero Freezer cuts 350 – Latham layoffs at 440 – Sam’s Club Canada stores closing: 1200 jobs at risk – NiSource to cut up to 380 – Pilgrim’s Pride slashes 3000
Please join us in asking Congress and the Obama administration to eliminate the arbitrary September 1, 2008 cut-off date and 9 month limitation of assistance by signing our petition at ipetitions http://www.ipetitions.com/petition/cobrareform/ (search under cobra reform or click on my name above) and telling your friends about our efforts.
Mike: I urge the readers of The Layoff List to help out Troy and sign the petition at http://www.ipetitions.com/petition/cobrareform/ to improve the COBRA legislation.
- Economy shrinks at staggering 6.2% pace
- Up to 600 will be cut at Hamilton Sundstrand – (link to follow – hat tip to Layoff List reader, U, for this information)
- Gap quarterly profit falls, to close more stores
- Jobs are being lost in the service sector at the fastest rate in over ten years
- Honda supplier Keihin to cut 200 jobs
- Chrysler will cut up to 150 jobs at Kenosha plant
- Sub-Zero Freezer/Wolf Appliance cuts 350
- Another 215 layoffs planned at Kulicke & Soffa
- Miami University to cut 216 jobs
- Latham to cut 440 jobs as workloads plummet
- Wal-Mart to close Sam’s Clubs in Canada, up to 1200 jobs at risk
- NiSource to cut 370 to 380 jobs in 2009
- Pilgrim’s Pride announces 3 plant closings, 3000 job cuts
- ATK to lay off 300
- Tiara Yachts laying off 300
- Microsoft/Google/IBM and other Rumors/News
General Economic News
US and some Canada Layoff News
* Microsoft is postponing, by about two weeks, the planned cuts in the amount it pays employment firms for many of its temporary workers, a spokesman confirmed this afternoon. The cuts had been set to start March 2, but they’re now slated to go into effect around mid-month.
* Microsoft may have just accomplished what the WashTech labor union tried to do for years — motivating its workers to band together and fight for their common interests. At least, that’s the aim of a new site called MSRateCuts.org, which objects to the pay cuts expected to result from Microsoft’s decision to reduce the rate it pays the agencies that provide many of its temporary workers.
* Microsoft on Thursday released a lengthy list of 36 improvements it plans to make to the release candidate (RC) for Windows 7, though the company did not provide any details on when that RC might actually be available.
8:30 AM ET
The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated by the government last month. It also was considerably weaker than the 5.4 percent annualized decline economists expected.
9:45 AM ET
Management-Chicago said on Friday its index of Midwest business
activity rose in February to 34.2 from 33.3 in January.
9:55 AM ET
The Reuters/University of Michigan Surveys of Consumers said its final index reading of confidence for February fell to 56.3 from 61.2 in January.
* Jobs are being lost at the fastest rate in over 10 years, CBI survey reveals.
–Jobs are being lost in the service sector at the fastest rate in over ten years as the recession deepens, the latest CBI Service Sector survey reveals today.
The quarterly survey, conducted between 28th January and 11th February, covers 196 service sector firms – across business and professional services, such as accountancy, legal and marketing firms, and consumer services, including hotels, bars and restaurants, travel and leisure.
Sharp falls in business volumes and profitability were reported by companies for the three months to February, along with plans to scale back investments and jobs.
* WASHINGTON – Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report.
Payments went to a company whose president tried to sell nuclear bomb parts to North Korea, a company that jeopardized lives on the aircraft carrier USS John F. Kennedy, and a seller of body armor that the Air Force said was defective.
The companies were on a government database of 70,000 individuals and businesses suspended or barred by various U.S. agencies from receiving government contract work.
* Lois Hiebsch’s Social Security check doesn’t stretch as far as it used to —in fact, it’s getting harder and harder for her to make ends meet.
Between her rent at a senior complex in Visalia, groceries and gas prices, there isn’t anything left over at the end of the month.
“I can’t afford to travel to see my children,” the retired former business manager said. “I don’t go anywhere anymore.”
Hiebsch isn’t alone. According to a statewide survey by University of California at Los Angeles, 48.8 percent of Tulare County’s adults over 65 who live alone live in poverty. An additional 26.9 percent of the county’s older couples aren’t able to pay for the basic necessities.
* About 50 employees of the Redwood City School District will be told they may lose their jobs after the school board voted Wednesday to issue layoff notices as part of a plan to close a multimillion-dollar budget gap.
* SPSA, the financially reeling regional waste authority, is laying off 29 employees this week and 13 more next month as part of an effort to cut costs and reduce its overall work force by 15 percent.
* NEW HAVEN, Conn. — New Haven Mayor John DeStefano Jr. said layoffs and service cutbacks are being used to balance his budget.
The mayor says 27 city employees, including several executive management workers, are being laid off Friday. He says another 127 layoffs will come at the Board of Education
* ORANGE – The Orange Unified School Board voted Thursday night to cut 34 certificated jobs as part of an effort to trim a projected $30 million deficit over the next two years.
* The city’s Recreation and Park Department laid off 90 people today, part of a chunk of city layoffs taking place that Mayor Gavin Newsom has said will stretch into the “hundreds.”
* Hat tip to one of my readers: Hamilton Sundstrand (Connecticut based division of UTC) told all of its employees today (26th) that there will be layoffs in the near future. The parent corporations CEO mention in a recent Hartford Courant article that layoffs should be complete by the end of the first quarter. The unfortunate ones number from from between 400 to 600. There will also be 5 furlough days off for all employees.
Mike: If you have information on layoff announcements that haven’t reach the eyes and ears of main stream media, or if there are announcements that I have missed, pass them along and I’ll be sure to post them Mike@layofflist.org.
* The operator of the Gap, Banana Republic and Old Navy chains said it plans to close 100 stores in fiscal 2009 out of more than 3,100 locations. It expects to open about 50 new stores during the year, with about half outside the United States and the remainder focusing on outlet stores.
* Wal-Mart Canada announced a rare failure yesterday, confirming it will close down its six-store Sam’s Club wholesale division after five years of struggling against rival Costco Wholesale Canada Ltd…….
The store closings will affect 1,200 employees. “We are hopeful many associates will obtain jobs in other areas of our business and expect the number of associates ultimately affected to be significantly less than 1,200,” he said.
* PITTSBURG, Texas — Pilgrim’s Pride Corp. said Friday it will cut 3,000 jobs as it shuts down operations at three of its 32 chicken processing plants.
The closures, which will reduce the company’s chicken production by roughly 10 per cent, are designed to save the company US$110 million a year as part of an ongoing restructuring. The company filed for Chapter 11 protection in December under a heavy debt load.
* Chicken processing company Pilgrim’s Pride is closing three processing plants to create $110 million in annualized net savings in the midst of a rocky economy where the company’s supply outweighs market demand.
The plant closings will impact 3,000 people, or 7 percent of Pilgrim’s Pride’s U.S. work force. About 430 independent contract growers also will be impacted.
* A Honda supplier will permanently eliminate 200 jobs in Greenfield, a sign that Indiana’s weak economy could persist beyond 2010.
Tokyo-based Keihin Indiana Precision Technologies confirmed Thursday that it will cut about 20 percent of its workers by April 10 in the air- and fuel-systems plant east of Indianapolis.
* AAA said today it’s closing six offices in the Las Vegas area as part of a campaign to reduce costs.
The insurance company and motorists’ club for Northern California, Nevada and Utah said the Las Vegas-area cuts are part of a plan to cut 17 of its 120 branch offices and reduce its workforce by about 250 positions.
Five of the affected branch offices are in Northern California. Eight are in Nevada and four are in Utah.
Besides laying off about 250 people, an additional 50 open jobs will not be filled.
–Excellus Blue Cross Blue Shield today laid off 17 employees, less than 1 percent of its total upstate New York work force of 3,600.
via CNYBJ:Lead News.
* Trane released a statement today announcing that, on Tuesday and Wednesday, the company informed employees that another 45 hourly production employees are being laid off due to reduced orders for Clarksville products.
* As expected, the Recording Industry Association of America, the lobbying group of the four largest music labels, has laid off between 30 and 40 people.
* The Liberty Science Center in Jersey City laid off 37 employees today, according to Elizabeth Romanaux, vice president of communications.
* Cisco Systems eliminated nearly 30 jobs at its Research Triangle Park campus this week, part of a larger effort to reduce costs as sales slow at the technology company.
* Trubion Pharmaceuticals said today that it will lay off 25 employees, about one quarter of its work force, as the Seattle biotechnology company shrinks the number of product candidates it is pursuing.
* SAN FRANCISCO—Test-equipment supplier Keithley Instruments Inc. plans to discontinue its S600 Series parametric testing product line and cut 6 percent of its workforce due to lack of demand amid the economic downturn.
* Medical-devices giant Medtronic Inc. (MDT) plans to freeze its workers’ base salary and trim compensation for its executive team in an effort to control costs while it faces economic and market pressures.
The Minneapolis-based company is also considering layoffs, although no specific decisions about how many employees could be cut, or from which areas, have been made, spokesman Steve Cragle said Thursday. Reductions would start in the 2010 fiscal year that begins May 1.
* Akeena Solar Inc. said Thursday lost $9.2 million, or 32 cents a share, in the fourth quarter, and would cut 20 jobs, or about 10 percent of its total staff.
* For the second time in a year, a Rubbertown chemical plant is closing and dismantling its facilities.
Closing the OxyVinyls plant will cost about 75 jobs, said Stacey Crews, a company spokeswoman.
* WETUMPKA, Ala. (AP) — Fruit of the Loom has announced it will close its carpet yarn plant in Wetumpka, cutting 138 jobs.
* Sears told employees today that it will close a Kmart store at 300 Summit Drive in Lockport as part of its latest announcement that it will close another 24 stores due to poor sales.
* Chrysler LLC will lay off as many as 150 people next month for an indefinite period at its Kenosha engine plant in response to slowing sales.
* Archer Daniels Midland announced Thursday that it will lay off an undetermined number of workers at its Jackson plant within the next few months.
* KOLKATA: As part of cost cutting measures to tackle global economic downturn, IT major TCS today said job cuts are possible and also ruled out salary hikes next year.
* Dell has posted a slump in profits for the full year ended 30 January, and it now plans to make a further $1bn in annual cost savings by 2011.
The firm is already conducting a $3bn annual cost savings programme by 2011, which has led to thousands of axed jobs. Dell now says the cost saving target is $4bn annually, meaning more jobs will go.
* Stantec Engineering joined the parade of mining sector layoffs by handing out 11 pink slips in North Bay and six in Sudbury this week.
It was the second round of workforce reduction blamed on the industry’s worldwide slowdown for the company formerly known as McIntosh Engineering. There were 11 layoffs split between the two centres in December.
* SEATTLE—Seven people were laid off at the University of Washington’s contemporary art museum last Friday, the Seattle alternative weekly The Stranger reports.
* JW Peters Inc., a Burlington manufacturer of precast and prestressed concrete, has informed state officials that it plans to cut 81 employees in what management believes is a temporary layoff.
* UTICA, N.Y. (WKTV) – A day after it was revealed that re-organization efforts at Excellus BlueCross Blue Shield would result in layoffs, NEWSChannel 2 now learns that the total number of employees being let go will be 8.
* Sub-Zero Freezer/Wolf Appliance, a builder of refrigerators, freezers and cooking appliances with facilities in Madison and Fitchburg, announced Thursday it plans to lay off up to 350 local employees on or after May 1.
* More than 25 percent of the staff at Liberty Science Center in Jersey City was laid off today, officials there confirmed this morning.
* The Augusta Chronicle reduced its workforce today according to Don Bailey, president of the newspaper. The positions were eliminated across a variety of departments. Mr. Bailey attributed the reductions to difficult economic conditions.
* Kulicke & Soffa Industries Inc. plans to let go of 215 employees, according to a filing the company made with the Securities and Exchange Commission on Wednesday.
* OXFORD — Seventy-three Miami University employees will be informed next week their jobs will be eliminated as the university scales back 216 positions between its campuses.
A total of 216 classified and unclassified positions will be eliminated as Miami cuts its $22 million budget deficit, Miami President David Hodge told staff and faculty this week in a letter.
* FootJoy will go the route of other shoe-related companies in Brockton as it falls victim to the dismal economy and shrinking demand for its products.
–FootJoy is closing its manufacturing operation here, leaving 103 people without jobs.
* But Brinkley officials say it’s what’s keeping many families there. It’s been the backbone of the town for more than 35 years. It accounts for the majority of the sales tax and supports 48 jobs, making it the biggest business in the city of 3,900.
Mayor Barbara Skouras says, “That old saw that Wal-Mart ruins towns, maybe they did 35 years ago, but they certainly have been an asset to our community in recent years.”
* Hartford-based Phoenix Cos. said Friday it will cut more than 250 jobs — about 25 percent of its staff — and reported a net loss of $424.3 million for the fourth quarter of 2008 and a $772 million loss for the year.
* US firm Latham & Watkins is to lay off a total of 440 employees across its global network.
Earlier this morning managing partner Bob Dell emailed the entire firm announcing a plan to shed 12 per cent of its associate ranks, the equivalent of 190 people, and 10 per cent of all paralegals and staff.
The firm’s London office will lose 15 employees.
* SAC Capital Advisors is the latest hedge fund firm to cut jobs, with the Connecticut hedge fund giant laying off back-office employees.
No investment staff are affected by the staff reductions, according to published reports. But between 30 and 40 operations support staff will lose their jobs.
* In order to return to profitability, Sotheby’s announced it would cut 15% of its workforce, or around 245 employees, in 2009.
* Amarr Garage Doors on Thursday laid off another 18 employees in Lawrence, less than three months after the manufacturer cut 100 jobs amid a weak national housing market
* SAN FRANCISCO (MarketWatch) — J. Crew Group Inc. said Friday it will cut 95 jobs, or about 10% of its workforce, to reign in costs. Most of the job cuts will affect the retailer’s New York offices. J. Crew also said it will suspend matching contributions for employees’ 401(k) plans, and eliminate merit based wage increases.
* Energy holding company NiSource Inc. on Friday said its business segment, NiSource Gas Transmission & Storage (NGT&S), will slash 370 to 380 jobs, across its 16-state operating territory over the course of 2009.
* Univera Healthcare said today it has cut 17 employees in its case management division, as it reorganizes the unit to cut costs and operate more efficiently.
* Standard Solar Inc. has laid off 14 percent of its staff, and chosen not to renew two consultant contracts, citing a down economy as the reason for not growing as fast as anticipated.
* COSHOCTON — More than 30 employees of Coshocton Ethanol, LLC were officially laid off Friday as the trend continues for production of the renewable fuel to be unprofitable.
* Workers at Fargo`s Case-New Holland plant have been told of layoffs.
The company confirms 140 workers will be laid off next month and describes the layoffs as indefinite.
* BRIGHAM CITY — ATK Launch Systems has put its employees on alert, saying it plans to lay off 300 employees from the company’s three Utah locations by the end of March.
* MURFREESBORO, N.C.—Metal Tech cut more than a fourth of its workforce Thursday, citing slow business.
“I didn’t lay off 20 employees; I laid off 20 family members,” said Ray Felton, who owns the company with his son, Brock. “It was the toughest day of my life.”
* Holland, MI — Without orders to fill, Tiara Yachts is laying off 3/4 of its workforce.
“These people are not being terminated. We just don’t have the work for them right now,” Dave Walsh, marketing director, said.
* FREEHOLD TOWNSHIP — Eleven employees will be laid off and another nine positions will be eliminated, under a plan to be submitted to the state, township officials announced Thursday.
* Lowenstein Sandler laid off about 8 percent of its attorneys on Thursday. The Roseland, N.J.-based law firm let go of 21 lawyers and 32 staff employees and reduced its incoming associate class size by three spots.
* McCann today confirmed cutting 40 people, or 5 percent of the staff, in its San Francisco. The cuts were made yesterday. The San Francisco outpost works on Microsoft, Microsoft Xbox, Hewlett Packard’s global computers business and Cathay Pacific.
* Castle & Cooke Hawaii has laid off 50 people at its Oahu and Lanai operations over the past six months, citing the slowdown in tourism and the real estate market.
* General Motors Corp (GM.N) said on Thursday it would lay off more than 1,600 workers at one of its plants in Brazil and had put another 900 workers on paid leave for 30 days.
* BOART Longyear has posted a rise in annual profit but reduced its capital spending, suspended dividends and cut its global workforce by 20 per cent amid the sector downturn.
The drilling services contractor, which has axed more than 2000 jobs since late last year, warned of further job losses in the calendar year as it looks to reduce costs.
* FDK Corp, an affiliate of Japanese electronics firm Fujitsu Ltd, said on Friday it will cut 4,800 jobs or 40 per cent of its workforce at home and abroad to cope with a steep business downturn.
* Responding to speculation that a restructure of its sales and operational arm had led to some job losses, the firm issued the following statement: “Bailey Teswaine can confirm that it has recently entered into a period of consultation, which has resulted in a small number of redundancies.”
* A LIGHTING company has confirmed it is to cut 85 jobs – less than a month after the official opening of its £28m plant.
Thorn’s factory and training academy, in Spennymoor, County Durham, was welcomed by, among others, Business Secretary Lord Mandelson who heralded it as creating a “durable legacy”
* The Kent Messenger Group, which runs newspapers, radio stations and websites, has announced plans to cut 159 jobs – with 32 at risk in editorial.
The Folkestone and Thanet district offices could close in the cost-cutting proposals, with staff moving to Ashford and Whitstable.
* JACKSON, Miss. – A furniture manufacturer says it will add 125 new jobs at a north Mississippi plant as part of a consolidation of its North American operations that includes a Michigan facility closing.
Mississippi Gov. Haley Barbour announced the expansion of United Chair in Bruce at a news conference Thursday in his capitol office. A chair made by the company was on display.
Mike: More news as the day develops………..
If you have information on layoff announcements that haven’t reach the eyes and ears of main stream media, or if there are announcements that I have missed, pass them along and I’ll be sure to post them Mike@layofflist.org.
Mike: I’ll try and put together a Weekend Update, but with family visiting, it may be short and sweet. With a busy week of layoff news and disappointing economic reports behind us and the weekend upon us, let’s try and forget those sour notes for a more sweet sound.
Tags: COBRA, cut jobs, economic, employment, factory closing, firing, hiring, job loss, jobs cut, laid off, layoffs, plant closing, positions eliminated, redundancies, staff cuts, unemployment, workforce reduction