Mike: Mike: A very difficult day for many who lost their jobs, from SUN in the morning to 3M in the afternoon. Till Wednesday…………… Today’s economic calendar showed retail sales Retail sales rose last week and consumer sentiment U.S. consumer confidence barely above record low, but there were no job reports this day. There was […]

Continue reading about March 31 – Sun confirms 1500 gone this week – Commerzbank to dump 2,200 – Cardinal Health to slash 1,300 – Dutch KPN to cut 1,400 jobs – 700 dismissed at Forest City – Online Job Demand Down 100,000 in March – US home price drops set records – Walgreens offers free health care to laid-off workers – 3M dumps another 1,200

Mike: I hope you all had a good weekend. A relatively quiet Monday, but plenty of job losses are possible later in the week at SUN and the auto makers . The Onto the news of the day……….. Mike: Now the government is the new backer of car warranties. Amazing stuff these days. I wonder […]

Continue reading about March 30 – UBS may cut 8000 more jobs – Nielsen to cut 1,600 Jobs – KLA-Tencor chops 550 – Las Vegas Sands lays off 280 – Government rejects GM/Chrysler plans, but will back warranties – SUN to layoff thousands this week?

Mike: Good day. It was a busy day for layoff announcements, especially for a Friday. A couple of economic reports showed the state of the consumer Consumer Sentiment and Personal Income and Outlays , both of which showed some improvement. Mike: There are a great deal of daily layoffs, so if I have missed any […]

Continue reading about March 27 – IBM jobs cut fallout continues – GM hiring, but wages cut in half – Johnson Controls to cut jobs, close 10 plants – Disney To Eliminate 800 Jobs – Wal-Mart axes 650 in Columbus, OH – Tyson chops 580 OK jobs – Amazon shuts centers, 210 affected – Merck readies job axe