Mike: A very busy day with layoff announcements arriving all day and there are still some I have missed that will have to wait until tomorrow. As a reminder, the jobs claims numbers arrive at 8:30 and they are expected to be bad. Maybe good fortune shines for a day and the losses are less […]

Continue reading about March 4 – Tyco Electronics announces 20,000 layoffs – 30,000 government jobs lost in PR – GM Opel may cut 3,500 jobs – Rheem closes the doors on 1200 – Sony Entertainment to cut 300 – Private sector cuts 697,000 jobs in February – 1,200 jobs cut at Windsor Chrysler plant – U.S. Steel to lay off 1,500 in Canada

Mike: Good morning to all. This is starting out to be a very quiet layoff announcement day, which I’m sure all of us are grateful for. A couple of economic reports due this morning, Motor Vehicle Sales and Pending Home Sales Index will give a clearer picture of the auto and home construction job market […]

Continue reading about March 3 – Manitowoc Crane cuts 400 more jobs – BMW to cut 1,000 jobs – Vale Inco slashes 900 jobs – Toyota asking for $2 billion JN loan – Citi to lower some mortgage payments – BAE chops 500 TX jobs – Pending home sales at record low- Ford, GM sales halved – 4500 gone at Kühne & Nagel – Layoffs at Apple?

Nike: I hope you all had a fine weekend. – The week is starting out with the announcement of HSBC cutting 6100 US jobs. The banking sector remains in deep trouble and larger layoff notices shouldn’t be a surprise, especially once earnings reports are released. – Larger layoff announcements and important economic reports: US/Canada: HSBC […]

Continue reading about March 2 – HSBC eliminates 6100 US jobs – Anglo Coal axes 1000 AU jobs – 900 gone as Pilgrim’s closes plant – Timken cuts 400 jobs – JM Family chops 500 jobs