Mike: A good Thursday to one and all. Today’s Jobless Claims report came in at 631,000, which is 14,000 less than expected. That’s decent news, but it should not be taken as the final word, since the revised numbers have been higher each week for the past six months. On the other hand, a reduction in the four-week moving average does portend a stabilizing trend in job losses. I’ll have more on these numbers tomorrow.

 

- Fewer Americans filed first-time applications for unemployment insurance last week, indicating the pace of job losses is slowing even as the total number of people on benefits continues to break records.

Initial jobless claims decreased by 14,000 to a less-than- forecast 631,000 in the week that ended April 25, from a revised 645,000 the prior week, Labor Department figures showed today in Washington. The number of people staying on jobless benefit rolls increased by 133,000 to 6.27 million, the 13th straight week the figure has set a record.

via U.S. Initial Jobless Claims Fell 14,000 to 631,000 Last Week - Bloomberg.com.

 

Don’t forget to track the flu here: Google maps app –  swine flu tracker.

 

 

Bruce Beattie - Apr 30

Bruce Beattie - Apr 30

 

 

 

 

- Microsoft/Google/IBM and other Rumors & News -

 

apple2-Rocked by the slumping PC sales, the semiconductor industry really doesn’t need more bad news.  However, reports indicate that Apple is making a surprising move that likely has some of its cell phone silicon partners reeling — it is forming its own team design chips for its future iPods or iPhones.

via DailyTech – Jobs’ Gambit: Apple to Design Its Own Cell Phone Chips

 

yahoo2- The surprise is that Flickr was hit especially hard by these cuts, losing a number of its few remaining engineers.

 

- General Economic News -

 

Jobless Claims
[Report][djStar]
8:30 AM ET

- First-time claims for state unemployment benefits fell to their lowest level since early April, the Labor Department reported Thursday. The number of initial claims in the week ending April 25 fell 14,000 to 631,000. It’s the lowest level since the week ended April 11. The consensus forecast of Wall Street economists was for claims to rise to 645,000. Claims in the previous week were revised to an increase of 32,000 to 645,000 compared with the initial estimate of a rise of 27,000 to 640,000. The four-week average of initial claims fell 10,750 to 637,250. Meanwhile, the total number of Americans receiving state jobless benefits set a record for the 13th straight week. Continuing claims rose 133,000 to 6.27 million.

 

Mike: Even Mr. Perez of Kodak is so embarrassed by his leadership that he is cutting his multi-million dollar pay. These types actually may have some shame after all. It’s either that or they’re worried that the board may take action first  - Nah, that will never happen, I just had an ethical moment.

- The company will stop paying a dividend to conserve cash, and Chief Executive Officer Antonio Perez will reduce his salary by 15 percent, Kodak said today. Salaries of directors and senior managers will be cut by 10 percent. All other U.S.-based Kodak employees will take one week of unpaid leave this year.

via Kodak Reports Loss, Stops Dividend as Sales Tumble (Update1) – Bloomberg.com.

 

chrysler2- WASHINGTON – Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, two administration officials said Thursday.

 

 

Dana Summers - Apr 30

Dana Summers - Apr 30

 

- Despite the efforts, however, more homeowners fell into default in March. Servicers initiated foreclosure proceedings against 290,000 mortgage borrowers, a jump of nearly 20% from February’s 243,000, and the highest monthly total since the coalition began tracking data in mid-2007. Starts have risen by more than a third since January.

- Government Layoff News -

 

- Issaquah School Board members voted unanimously to lay off 158 of its 1,097 teachers April 22, after district officials presented their reduction in force plan.Teachers can expect to receive layoff notices by May 1.

via 158 teachers to get layoff notices : The Issaquah Press – News, Sports, Classifieds in Issaquah, WA.

 

- That change will leave Fort Wayne Community Schools more than $6 million in the hole and in turn force officials to cut 108 teachers.

via FWCS Cutting 108 Teachers | Indiana’s NewsCenter: Fort Wayne WPTA-TV, WISE-TV, CW, and My Network | Local & Regional .

 

- Atascadero officials on Wednesday laid off at least five employees and eliminated an additional 10 positions as a way to close a $775,000 budget gap created by plunging revenues.

via Atascadero lays off five, cuts 10 jobs – Local – San Luis Obispo.

 

- Twenty-eight teachers at Airport Community Schools are being laid off this spring due to declining enrollment and revenues, but virtually all of them are expected to be hired back.

via MonroeNews.com – The Monroe Evening News, Monroe, MI.

 

- Those deficits translate into anywhere from 512 to 854 layoffs for teachers. Hundreds of other school staff would also get pink slips.

via Funding squeeze will mean more than 500 teacher layoffs, superintendents warn.

 

-FLINT, Mich. — The Flint school board has approved a budget that includes closing eight schools over the next two years and giving layoff notices to more than 200 staff members.

via Flint Board OKs 8 School Closures, Layoffs - News Story – WNEM Saginaw.

 

- LEETONIA- The Leetonia school board instituted an athletic participation fee schedule and suspended the contract of five teachers in cost-saving maneuvers at its regular meeting Wednesday night.

via Pay-to-play, staff cuts set in Leetonia - Salem News.

 

- While the lost positions — 13 legal clerks and 2 prosecuting attorneys — will create new demands on her legal staff, Miller said the move was necessary because of the need to find about $2 million in reductions by the end of the year.

via Deseret News | District attorney cuts 15 temporary jobs.

 

- Faced with a 2009 operating budget that is expected to fall far short of balanced by the end of the year, Brookfield’s village manager announced Thursday afternoon that he has laid off seven full-time and two part-time employees.

 

 

- US and some Canada Layoff News -

 

 

ubs1- Swiss bank UBS (UBSN.VX: Quote, Profile, Research)(UBS.N: Quote, Profile, Research) said on Thursday it had axed 2,000 U.S. jobs as part of its latest mammoth round of job cuts announced earlier in April.

via UBS axed 2,000 U.S. jobs in latest round of cuts | Markets | US Markets | Reuters .

 

textron- At the same time, the Providence, R.I.-based company has reportedly decided to ramp up its job cuts by an additional 2,100 jobs.

 

- The oldest, smallest and most recognizable supplier of Anheuser-Busch has called it quits after being outbid for a job they have been doing since the 1960s.

Now dozens of people are unemployed.

via Millington Beer Plant Shut Down.

 

phillip-morris1- Update: Henrico County-based Philip Morris USA announced yesterday it will cease production at its Cabarrus County, N.C., plant by the end of July, months earlier than initially expected. Most of the plant’s remaining 1,100 employees will be laid off as the company consolidates its manufacturing operations at its South Richmond cigarette plant.

via Philip Morris to close North Carolina plant by July | Richmond Times-Dispatch.

 

- TRW Automotive plans to close its Kelsey-Hayes Co. plant in Ettrick, in western Wisconsin, affecting about 70 employees.

via TRW BRIEF: TRW Automotive to close Ettrick plant.

 

- MORAINE — The DMAX truck engine plant is ceasing production for seven weeks, a plant spokeswoman said today, April 29.

The plant’s 563 employees will be laid off for that time, said Courtney Strickler, DMAX spokeswoman.

via DMAX to suspend production for seven weeks.

 

- The Heritage general manager says he and the rest of the employees — about 25 in all — were told Tuesday that they’re losing their jobs. Employees at Ozark Dodge tell KY3 News they received the same news of closure.

via Heritage Chrysler-Jeep and Ozark Dodge will close | KY3 | Local .

 

cessna2- COLUMBUS — Cessna Aircraft, which is trimming employment nationwide and closing an Oregon plant, has notified 89 workers in Columbus that their jobs will be eliminated in two months.

via Georgia Cessna plant cutting 89 jobs | ajc.com.

 

-Stewart Information Q1 loss widens, cuts 170 jobs

via UPDATE 1-Stewart Information Q1 loss widens, cuts 170 jobs | Industries | Financial Services & Real Estate | Reuters .

 

- OrangeSoda, a fast-growing American Fork company that helps small and midsized businesses drive potential customers to their Web sites, said Wednesday it had laid off 13 percent of its staff of 224. Other recent layoffs have included Move Networks of American Fork, Orem-based iMergent, Digital Technologies International of Springville and Novell of Provo.

via Tech sector chops some jobs – Salt Lake Tribune.

 

- DCI Inc. of St. Cloud has laid off 25 of 200 workers in response to the recession.

via 25 employees laid off at DCI Inc. | sctimes.com | St. Cloud Times.

 

hospital9- The Reading Hospital has laid off 106 more workers in the final phase of its efforts to reduce its workforce of 6,400 by 3.9%.

via Hospital Lays Off 106 In Final Phase of Cuts : WFMZ-TV 69News.

 

Nineteen employees of General Cable in Scottsville and 16 from TieTek in Marshall recently joined the ranks of the unemployed, laid off due to decreasing demand for product, according to company officials. Of those laid off at TieTek, six have been rehired.

via Area companies forced to lay off some workers.

 

- Four bank employees in Baraboo are among 116 people losing their jobs in Wisconsin and Illinois as Amcore Bank restructures itself after taking a $30 million loss last quarter.

via WiscNews.com : Baraboo News Republic.

 

newspaper9- CHATTANOOGA, Tenn. (AP) – The Chattanooga Times Free Press has laid off 15 people in newsroom cuts that editor and publisher Tom Griscom attributes to the economic slump.

 

gavel4- Nearly four months after laying off 10 lawyers, Chicago’s Wildman, Harrold, Allen & Dixon has taken the job-cutting ax to another 10 associates.

via Law.com - Wildman Harrold Lays Off 10 More Associates .

 

- Stung by falling sales of optical networking products, Sycamore Networks Inc. will lay off 30 percent of its workforce, or about 140 employees, while Acushnet Co. plans to lay off 169 workers, due to a sharp drop in sales of its Titleist golf balls.

via Sycamore to lay off 140, Acushnet to cut 169 - The Boston Globe.

 

us-steel- U.S. Steel Corp. already has let go of 384 employees at Minntac. By the end of this week, up to another 250 workers at the Mountain Iron taconite processor are expected to join the ranks of laid-off miners.

via Minntac layoffs: No volunteers accepted | DL-Online | Detroit Lakes, Minnesota .

 

- Stung by falling sales of optical networking products, Sycamore Networks Inc. of Chelmsford will lay off 30 percent of its workforce, or about 140 employees.

via Sycamore reduces workforce 30 percent - Daily Business Update – The Boston Globe.

 

newspaper10- 39 employees will be leaving, with 43 remaining. Presstime’s last print edition will be May 2009 but it will continue in a digital form.

via Newspaper Association of America cuts staff, magazine goes digital – Editors Weblog .

 

- SPX Process Equipment is closing a North Buffalo process equipment facility with 46 employees, the company announced.

via SPW SPX Process Equipment closing its 46-job plant in Buffalo.

 

- The spokeswoman says JDSU is laying off some but not all of the Louisville, Colo., employees; some will remain in Colorado working from home. (JDSU isn’t giving up specific numbers.) The Picolight closure should be completed by September 2010, CEO Thomas Waechter said on yesterday’s call.

abercrombie- NEW ALBANY, Ohio —NBC 4 has learned that there will be 170 jobs eliminated at Abercombie’s New-Albany-based home office.

via Abercrombie To Eliminate 170 Jobs At Home Office | NBC4i.com.

 

- The retirement, insurance and financial services company said it is cutting 75 jobs in its global asset management division. Most of the workers facing layoffs are in Des Moines, where the company is based.

via Principal Financial cuts 75 jobs -- chicagotribune.com.

 

hospital10- MetroHealth Medical Center announced today that has cut 400 jobs, or 6 percent of its work force, to generate $20 million in savings as the hospital continues to shore up its finances.

via MetroHealth to lay off 270 workers, leave 130 more jobs unfilled to cut spending by $20 million – Metro – cleveland.com.

 

- By the end of today, many of the 120 people employed at the Kankakee production facility of American Spring Wire Corp. will be out of work.

via 120 lose jobs as American Spring Wire closes doors today – The Daily Journal.

 

- The biggest hit, however, will be the $710,000 cut to personnel costs. In all, six full-time positions will be eliminated along with four part-time positions and a reduction in work hours for 17 other jobs. The job cuts affect mostly academic support positions and part-time faculty members.

via WBIR.com | Knoxville, TN | Maryville College to cut jobs, financial aid.

 

motorola- (Crain’s) — Motorola Inc. is cutting an additional 500 jobs as the recession’s impact spills over into its non-phone businesses.

The company said Thursday it will cut 7,500 jobs by June 30, instead of the 7,000 jobs announced in two previous cutbacks.

via Motorola to cut more jobs as non-cell business weakens | Crain’s Chicago Business.

 

- Corel Corporation, the Ottawa-based software company, said Thursday that 20 of the 80 jobs it’s cutting globally will come from the Ottawa region.

via Corel cuts 20 Ottawa jobs.

 

wells-fargo1- “We’re focused on having a very smooth transition,” she said. Eshet declined to say how many jobs will be lost in the closure.

via Wachovia staffing unit to close | CharlotteObserver.com.

 

- A Fontainebleau Resort spokesman today said construction workers are being laid off because of financing problems at the $2.9 billion resort on the Strip.

via Fontainebleau workers laid off amid funding concerns – Las Vegas Sun.

 

- FAIRBANKS — Seven people are being laid off at the Geophysical Institute, which is part of the University of Alaska, the second-largest employer in Fairbanks.

via newsminer.com • University of Alaska lays off 7 employees in Fairbanks.

 

gavel6- Squire, Sanders & Dempsey LLP laid off seven attorneys in its Cleveland office, the firm’s largest, and about 23 in offices throughout the United States and nine other countries.

via Crain’s Cleveland Business: Squire, Sanders & Dempsey lays off more lawyers .

 

principal-financial- Principal Financial Group said it is cutting 75 jobs in its global asset management division, due to challenging markets.

via Principal lays off 75, most in Des Moines | DesMoinesRegister.com | The Des Moines Register.

 

- Wichita Clutch, founded here in 1949, laid off 23 employees late Tuesday afternoon.

via Wichita Clutch lays off workers : News : Times Record News.

 

- The work has been shifted to Fort Bragg, affecting at least 200 contractor employees. Many of them, though, already have gotten other jobs.

via FayObserver.com – Current Article Page.

 

tv4- Among those cut were general assignment reporter Joanie Lum and entertainment reporter and film critic Bill Zwecker, as well as assistant news director Todd Woolman and other behind-the-scenes staffers.

via WBBM-TV eliminating jobs; Joanie Lum, Bill Zwecker among those cut | Tower Ticker.

 

- About 50 engineering and other research and development employees at ABB Inc.’s facility in Wickliffe will lose their jobs in the coming 12 to 18 months.

via ABB Inc. to cut 50 jobs in Wickliffe - .

 

- The Federal-Mogul Ignition Co. plant at Dumas will be shut down and 107 jobs lost, Sammye Owen, executive director of the Dumas Chamber of Commerce, confirmed on Thursday afternoon.

via Dumas Plant Closing, 107 Jobs Lost - ArkansasBusiness.com .

 

sony-elec1- Sony Hawaii Co. will cut its staff by 44 percent at its 960 Mapunapuna St. offices through buyouts and layoffs beginning in June.

via Sony Hawaii to cut 31 jobs - Pacific Business News (Honolulu): .

 

crocs- NIWOT, Colo. — Crocs Inc. laid off 38 employees at its Niwot headquarters this week, spokeswoman Tia Mattson confirmed Thursday.

 

 

- International Layoff News -

 

 

fujifilm- Tokyo: Japan’s Fujifilm Holdings Corp. said Thursday it would lay off or redeploy 5,000 workers as part of its streamlining efforts to weather the global economic slump.

via Fujifilm to cut or transfer 5,000 jobs – Corporate News – livemint.com .

 

basf- BASF, the world’s largest chemicals company, is cutting its workforce by at least 2,000 after suffering a slump in profitability.

 

st-ericsson- ST-Ericsson, the wireless technology company created in February by French-Italian group STMicroelectronics and Sweden’s Ericsson, have announced the loss of 1,200 jobs worldwide due to a slowdown in demand.

 

bae- Defence giant BAE Systems is to close three factories in the UK, resulting in the loss of 500 jobs.

 

- The Engineering, Printing and Manufacturing Union has been advised of a proposal to make 67 redundancies at Caravans International Munro in Hamilton.

via 67 Redundancies Proposed At CI Munro | Voxy.co.nz.

 

- Reed Business Information (RBI) has launched a voluntary redundancy programme in the UK, as part of plans to cut 50 staff.

via Journalism.co.uk :: RBI to make 50 redundancies in UK.

 

- CHEMICAL giant Croda is to close its Bromborough factory with the loss of 115 jobs.

via Chemical company Croda to close Wirral factory with loss of 115 jobs – LDPbusiness.

 

- Despite the recent surge in boat arrivals, about 700 jobs will be cut from the department, which has 7000 staff in 100 locations in Australia and worldwide.

via 700 jobs to go as Rudd’s axe falls | watoday.com.au .

 

- Ukraine-focused oil and gas firm Cadogan Petroleum Plc (CADP.L) said on Thursday it would cut 126 jobs, or 27 percent of its workforce, effective July 1, as part of an ongoing operational review.

via CORRECTED – UPDATE 1-Cadogan Petroleum to cut 126 jobs by July 1 | Reuters .

 

- Insurance giant Clerical Medical is axing 115 jobs at its Clevedon office.

The company, now owned by banking giant Lloyds TSB, is merging its sales and support teams for Scottish Widows and Clerical Medical – and said yesterday it would be making 305 people redundant in the UK by July 1.

via Clerical Medical slashes Clevedon jobs | Bristol News | This is Bristol.

 

- Zinc producer Nyrstar has announced it will slash 60 jobs over the next 18 months at its Hobart smelter to cut costs as the recession bites.

via Nyrstar to cut 60 jobs in Hobart.

 

- British supply chain group Wincanton (WIN.L) is axing up to 283 jobs at its home delivery unit following a strategic review, the company told Reuters on Thursday.

via Wincanton to cut up to 283 jobs in home delivery unit | Industries | Industrials, Materials & Utilities | Reuters .

 

anglo-platinum- A total of 4,195 jobs have been cut since December, said Anglo Platinum, in line with a plan to reduce the payroll by 10,000 positions by the end of this year. The CEO said in February the company would fire contract workers and not replace permanent staff who left.

via Anglo Platinum Reduces Output, Cuts About 5% of Jobs (Correct) – Bloomberg.com.

 

- Workers at Hamilton-based Caravans International Munro may find out next week if a further 67 jobs are to go, two months after the company’s last round of redundancies.

via Tourism Holdings arm cuts staff | Stuff.co.nz.

 

gavel5- Japanese banking giant Nomura has cut up to 12 legal positions in London as the bank nears the end of restructuring its in-house team in the wake of its takeover of Lehman Brothers’ European and Middle East equities and investment banking operations.

commerzbank- FRANKFURT, April 30 (Reuters) – Commerzbank’s (CBKG.DE) real estate financing unit Eurohypo is set to cut around 300 jobs in Germany and overseas, sources familiar with the plans told Reuters.

via Commerzbank unit Eurohypo to cut around 300 jobs -sources | Markets | Markets News | Reuters .

 

- MUMBAI: Jet Airways, India’s largest private airline, laid off 60 of its cabin crew members late on Thursday night.

 

 

- Hiring News and News You Can Use-

 

 

Mike: Are you interested in knowing what the unemployment rate is in your neck of the woods or thousands of miles away? This little tool from Google lets you do just that: Google Public Data .

 

- Teleperformance USA is looking for 350 full-time customer service representatives for its Fairborn call center, the company said Wednesday, April 29.

via Company returns 350 jobs to area.

 

- Delta Air Lines is adding as many as 500 jobs in Atlanta as a result of its merger with Northwest Airlines, even as it cuts thousands of positions throughout its system through buyouts.

via Merger lets Delta add 500 jobs to Atlanta | ajc.com.

 

- To help with your job search, Forbes digs through the U.S. Department of Labor’s lists of open jobs to find the highest-paid professional positions and posts them every other week. Along with the title, we’ll tell you a little about each job and its salary range and provide a direct link to the official listing and online application.

via Government Jobs You Should Apply For Now – Forbes.com.

 

- The $10 million in stimulus money sailing into Saugatuck harbor will bring  with it more than 275 jobs.

via $10 million harbor stimulus brings 275 jobs to Saugatuck - Holland, MI – The Holland Sentinel.

 

- OMAHA, Neb. (AP) – PayFlex Systems USA plans to add 100 new jobs in Omaha, and it will use a $337,500 state grant to help pay for the new employees’ training.

via Benefits company adds 100 jobs in Omaha, Neb..

 

-NEWPORT NEWS –  More than 1,000 jobs are being created with the opening of Canon Virginia’s new manufacturing plant in Newport News.

via Canon Virginia expansion creating 1,000 jobs | TOP STORIES | WVEC.com | News for Hampton Roads, Virginia.

 

- Atlantic.Net Inc. plans to set up two new data centers this year and add up to 60 new information technology jobs that pay an average of $58,000 annually.

via Atlantic.Net adding 60-plus high-wage jobs - Orlando Business Journal: .

 

- The U.S. Department of Labor today announced a $2 million grant to assist 240 workers who lost their jobs when Fleetwood Enterprises Inc. closed plants in La Grande and Pendleton..

via $2 million federal grant for laid off RV workers – OregonLive.com.

 

Mike: I hope you all have a fine evening and I’ll give some further details on today’s jobless claims numbers tomorrow.…………………

 

 

 

 

Gary Varvel - Apr 30

Gary Varvel - Apr 30

 

 

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