Unfortunately, today was a difficult day for job loss announcements and economic reports. The only bright spot was that businesses reduced their inventories, which may encourage hiring once new products need to be made. All the job loss announcements left me little time for commentary, which is something I enjoy doing, but getting out the news is more important.
Tomorrow brings us the ever important Jobless Claims report, which is expected to be 609,000. Last week I pulled a guess of 602,000 out of my hat and missed by 1000. This coming week is tougher to call, since last week had some busy days and some slow days, so I’ll go with 615,000.–The job cuts announcements are starting to be heard from the auto parts suppliers and school boards this day. The demise of the auto manufacturers is crushing a number of suppliers quickly and with school budgets having to be made balanced before the next school year, school boards have to make draconian job cuts in many locations. This is bad news on an already fragile job market, but it should have been expected. These cuts won’t be part of tomorrow’s weekly jobless claims, but they should show up in the following week. Sorry to relay such lousy news, but that’s what’s being reported. The sooner we hit bottom, the sooner we can begin an honest bounce.Since I believe that most of us, whether employed or unemployed, should be aware of how many people are losing their jobs, I’m going to start a weekly jobless claims number contest. I’ll ask you to send me your guess as to the weekly claims number and the closest to the mark gets a $20 online gift certificate to a retailer to be determined. While it’s a dark challenge that may seem inappropriate to some, it’s meant more to be an exercise in current events. Ties will be determined by random drawing. If you have any thoughts about the contest, send them to me atmike@layofflist.org. Till Thursday…………………..
Mike: I posted the below story to illustrate the difficult job market. Last week there were many pundits announcing that the lower jobless claims number was a good sign that job-loss was bottoming. While the total number of people losing their jobs week to week may be leveling, it’s not an indication that firms are hiring readily. Businesses will be cautious to hire until they are certain that the overall economy is improving. It’s a Catch-22, somewhat, since people need jobs to spend money, but businesses won’t hire until people spend more money. Maybe the fed’s largess can break that logjam, but it won’t happen overnight.
May 12 (Bloomberg) — Job openings in the U.S. fell to a record low in March, signaling the jobless rate is likely to keep climbing even as firings abate.
Openings, or the number of jobs available as a percent of total employment, fell to 2 percent from 2.2 percent in February, the Labor Department said today in Washington. The percentage of jobs available was the lowest since record-keeping began more than eight years ago.
The separations rate, which includes dismissals and those who quit their jobs, held at 3.6 percent, the same as the prior month. While recent reports show that companies aren’t announcing as many firings as they had earlier in the year, they are still slow to start hiring because demand remains weak.
via Job Openings in U.S. Fall to Record Low, While Firings Steady – Bloomberg.com.
Mike Thompson - May 12
- Chrysler to cut 800 dealers on Thursday
- Seagate Technology to cut 1,100 jobs
- OmniSource eliminates 135 jobs in Fort Wayne
- U.S. FORECLOSURE ACTIVITY INCREASES 23 PERCENT IN FIRST QUARTER
- US business inventories drop 1 percent in March –
- Continental Airlines to shut center, cut 500 jobs
- ArcelorMittal announces nearly 1,000 layoffs at Indiana Harbor
- Continental auto plant to lay off 377
- GM, Chrysler cutbacks force Colfor to lay off nearly 600
- MetLife Dismissed 1,000 U.S. Workers in First Quarter
- Harley-Davidson considering moving York, Pa., production facility as part of cost-cutting
- Microsoft/Google/IBM and other Rumors/News
General Economic News
Government Layoff News
US and some Canada Layoff News
International Layoff News
Hiring News and News You Can Use
– Microsoft/Google/IBM and other Rumors & News –
– This turned out to be one of the busiest Patch Tuesdays in a long while: Adobe, Apple and Microsoft all independently released software security updates today.
Adobe patched two vulnerabilities in its PDF Reader and Acrobat software. The update applies to all supported versions of both programs on Windows, Mac and Linux systems.
via Security Fix – Adobe, Apple and Microsoft Issue Security Updates .
Mike: From the first story below, according to the author, you can at least take solace that the record amount of foreclosures was ONLY 1% higher in April than the previous month’s record. I visited RealtyTrac to get the scoop on their thoughts and a more realistic picture. Do some comparisons and see which source gives you a more accurate pictureI prefer the RealtyTrac account.
– More than 342,000 households received at least one foreclosure-related notice in April, RealtyTrac Inc. said. That means one in every 374 U.S. housing units received a foreclosure filing last month, the highest monthly rate since the Irvine, Calif.-based foreclosure listing firm began its report in January 2005.
April was the second straight month with more than 300,000 households receiving a foreclosure filing, as the number of borrowers with mortgage troubles failed to abate.
The April number, however, was less than one percent above that posted in March, when more than 340,000 properties were affected. The March data was up 17 percent from February and 46 percent from a year earlier.
via RealtyTrac: April foreclosures rise 32 percent – Yahoo! Finance.
-IRVINE, Calif. – April 29, 2008 – RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its Q1 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 649,917 properties during the first quarter, a 23 percent increase from the previous quarter and a 112 percent increase from the first quarter of 2007. The report also shows that one in every 194 U.S. households received a foreclosure filing during the quarter.
via U.S. FORECLOSURE ACTIVITY INCREASES 23 PERCENT IN FIRST QUARTER .
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8:30 AM ETWASHINGTON (Reuters) – Sales at U.S. retailers fell for a second straight month in April, pulled down by sluggish gasoline and electronic goods purchases, government data showed on Wednesday.
The Commerce Department said total retail sales slipped 0.4 percent after falling by a revised 1.3 percent in March, previously reported as a 1.2 percent drop.
via U.S. retail sales slump for second straight month – Yahoo! Finance.
8:30 AM ETMay 13 (Bloomberg) — Prices of goods imported into the U.S. increased in April for the second straight month, as oil costs rose.
The import-price index increased 1.6 percent, more than three times as much as forecast, after a revised 0.2 percent gain in March, the Labor Department said today in Washington. Excluding oil, prices fell 0.4 percent.
via U.S. April Import Prices Rise 1.6% on Higher Oil Cost (Update1) – Bloomberg.com.
10:00 AM ETWASHINGTON (AP) — U.S. businesses slashed their inventories for a seventh consecutive month in March, the longest stretch in seven years, as companies struggled to cope with a prolonged recession.
The Commerce Department says inventories dropped 1 percent in March. That matched economists’ expectations and followed a 1.4 percent drop in February.
via US business inventories drop 1 percent in March – Yahoo! Finance.
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– But the precious creature — the university’s fundraising office, the most successful collegiate moneymaker in the nation — is suffering through painful surgery. Stanford’s Office of Development has cut the equivalent of nearly 20 percent of its staff. It is also scaling back on events, reducing travel and shifting publications from print to online
Mike: Here we go again. Banks holding back much needed cash may cost 300 more jobs. I know it’s best if banks lend wisely, but after getting billions in taxpayer bailout funds, you would think they could work out a deal to keep this factory running.
ROCK ISLAND, IL – A dispute between Wells Fargo and the largest men’s wear company in the nation may leave 300 people without jobs here in the Quad Cities. Wells Fargo may not extend more credit to the clothing company Hartmarx, which filed for bankruptcy protection in January. That move may force the company to close down completely and impact employees here in Rock Island.
via Hartmarx dilemma may cost 300 jobs in Rock Island – WQAD.
Dana Summers - May 12
– Earlier this month, 75 Toledo police officers were laid off as part of the mayor’s budget balancing plan. The new round will affect around 70 other employees paid through the general fund.
via Layoffs looming for City of Toledo workers – WTOL.com, Toledo’s News Leader, News 11 | .
– In total, the city is shedding 14 city jobs effective June 1. The mayor said some of the cuts included students who were working on a special project.
via First on WSFA.COM – Job cuts come to Tuskegee – WSFA 12 News Montgomery, AL |.
-Atlanta school board members Monday evening approved a $652.5 million budget for a 12-month period beginning July 1 that includes some staff cuts to grapple with the ongoing economic recession.
via Atlanta schools OKs budget; 200 job cuts set | ajc.com.
– SAN DIEGO —- The Board of Supervisors voted on Tuesday to eliminate 79 positions as part of an effort to deal with the county’s dwindling revenues.
via SAN DIEGO: County supervisors eliminate 79 jobs : North County Times – Californian 05-12-2009.
– Hennepin County Medical Center says they will cut 75 to 100 full-time positions by the end of June.
via KSTP TV – Minneapolis and St. Paul – HCMC to cut up to 100 jobs.
– PERTH AMBOY — It appears the jobs of about 18 city employees working for the water and sewer departments are being eliminated June 30, as part of a city cost-cutting proposal.
– The president of the Seattle teachers’ union, however, said she’s been told that about 170 teachers and other certificated staff members will lose their jobs.
via Education | Seattle school district to lay off teachers | Seattle Times Newspaper.
– Desert Sands Unified School District will lay off 120 teachers this year, the school board voted 5-0 Tuesday night.
via District votes to lay off 120 teachers | MyDesert.com | The Desert Sun.
– Five staff members will be laid off at the end of the school year as part of Saline Community Schools’ quest to reduce its projected $1.945 million operating budget deficit.
– Facing a loss of $1 million next school year, the Arab Board of Education laid off three instructional aides and a bus driver on a route that is being cut.
– Ninety-two people would be laid off and 144 more employees would take incentives to retire early in the proposed
via Washoe to lay off 92 workers, retire 144 others | www.rgj.com | Reno Gazette-Journal.
– According to Santa Rosa County Clerk of Court Mary Johnson, the clerk’s office has laid off 10 employees.
– The township’s Board of Trustees approved the layoff of Janet Bentley, receptionist and clerk’s administrative assistant; Laura Gibson, supervisor’s administrative assistant; Becky Torok, assessor; and Bob Kollen, payroll accounting clerk, at its May 7 meeting.
– WHITTEMORE — Six members of the Whittemore-Prescott schools support staff will be laid off due to the March 9 decision to close the district’s middle school. The layoffs were approved at Monday night’s school board meeting.
via W-P lays off six, tables further discussion on program reductions – Ogemaw County Herald.
– Facing $3.2 million in budget cuts, the Shasta County sheriff may have to eliminate 47 positions – about a fifth of his department – and close a floor of the jail, Sheriff Tom Bosenko said Tuesday.
via Shasta County sheriff may have to cut a fifth of his staff : News : Redding Record Searchlight.
– KEANSBURG — The Board of Education voted Tuesday to retain the same number of teachers next school year but cut 14 nonteaching positions.
via Keansburg BOE cuts 14 staff, but keeps teachers | APP.com | Asbury Park Press.
– The final staff cuts include six teacher positions: two at the high school, two at the middle school and two at the elementary buildings combined. The cuts also bring a 5 percent reduction in total nursing staff and a nearly half-time reduction in counseling hours at the middle school and elementary schools.
– US and some Canada Layoff News –
DETROIT – Chrysler LLC plans to fire up to 800 of its 3,200 dealers on Thursday, a lawyer seeking to represent the dealers said on a conference call.
The lawyer, Stephen Lerner, who heads the bankruptcy and restructuring practice of the law firm Squire Sanders, told dealers on the Tuesday call that the automaker plans to reject at least 800 franchise agreements, according to a dealer who listened to the call.
via AP Source: Chrysler to cut 800 dealers on Thursday.
– SCOTTS VALLEY, Calif. (AP) — Hard drive maker Seagate Technology said Wednesday it plans to cut about 1,100 jobs, or 2.5 percent of its global work force, as part of a restructuring plan.
Seagate said the cuts are needed to reduce costs and help the company reach its goal of becoming cash flow and earnings positive in fiscal 2010.
via The Associated Press: Seagate Technology to cut 1,100 jobs.
– Citing an “extraordinary economic environment,”ArcelorMittal said Wednesday it planned to indefinitely layoff 978 employees at its Indiana Harbor facilities.
The company said it alerted the United Steelworkers and other stakeholders of the action Tuesday in accordance with the Worker Adjustment and Retraining Notification Act.
via ArcelorMittal announces nearly 1,000 layoffs at Indiana Harbor / nwi.com.
– GEORGETOWN, S.C. — A South Carolina steel mill is shutting down and laying off 242 workers until the market for steel improves.
ArcelorMittal says the shutdown is part of its move to temporarily cut global production of steel by 45 percent.
via SC steel mill shuts down; 242 workers laid off : News : WACH .
– ArcelorMittal told the United Steelworkers of America that 69 people will be laid off when the plant is idled, said Bill Prejsnar, unit president of Local 1375 at the plant.
– Didata, as it’s known, cut about 70 workers in North America, or 9 percent of its workforce, and as many as 50, or 4 percent, of employees in Asia, Chief Executive Officer Brett Dawson said in a telephone interview from Johannesburg today. Across the business, the headcount remained “flat,” he said.
via Didata Cuts North American, Asian Jobs to Save Costs (Update2) – Bloomberg.com.
– FORT WAYNE » Scrap metal processor OmniSource Corp. has cut 209 jobs, including 135 at its Fort Wayne operation.
via OmniSource eliminates 135 jobs in Fort Wayne | IndyStar.com | The Indianapolis Star .
– MAYFIELD TWP — The Penda Corporation, owners of Durakon Industries, announced Tuesday that it will close all of its extrusion and most of its thermoforming activities at its Lapeer plant located at 2101 N. Lapeer (M-24) in Mayfield Township.
via The County Press.
– MTD Products: According to reports, the closing of the Brownsville plant would eliminate 200 full-time and 280 seasonal jobs in that region. Reportedly, the company also plans to close the 290,000 square feet distribution center in Brownsville but no closing date has been announced.
via Local factory sees small impact from closing of sister plant on NWTNTODAY.COM.
– There are major changes on the way at Geisinger South in Wilkes-Barre. The emergency department is closing and dozens of workers will lose their jobs.
via Geisinger Announces Job Cuts – WNEP.
– Progress Tank recently announced it will close its production facility in Arthur on July 9, resulting in the loss of 96 jobs. The business had been part of the community for 87 years, at one time making products as diverse as fertilizer tanks and caskets.
via The News-Gazette.com: Arthur’s Progress Tank closing; 96 people expected to lose jobs.
– HOUSTON (AP) — Continental Airlines Inc. said Wednesday it is closing a call center in Tampa, Fla., and cutting 500 reservation agents companywide. The carrier cited a weak economy and customers’ growing preference for Web-based reservations.
via The Associated Press: Continental Airlines to shut center, cut 500 jobs.
– Morgan Insulation will start shutting down July 13 and should finish within two months, plant manager Tom Walters said Tuesday morning. The move will affect 42 employees.
via Morgan Insulation in Erwin closing its doors; 42 jobs lost – Kingsport Times-News Online.
– With the switch on July 13, the emergency department will have shut down, most patients requiring overnight stays will be treated seven miles away at Geisinger Wyoming Valley and 179 jobs will be eliminated.
via Geisinger South to cut 179 jobs | Wilkes-Barre News | The Times Leader .
– The Continental Automotive plant in Huntsville has notified 346 hourly and 31 salaried bargaining unit employees that they’ll be laid off on Friday or within 14 days after that.
via Continental auto plant to lay off 377 – al.com.
– Nearly 600 salaried and hourly workers will be laid off at American Axle & Manufacturing’s Colfor plants here, in Malvern and in Salem.
– Maloof Sports & Entertainment announced Tuesday it has laid off about 1 percent of its 1,200 workers, or about a dozen employees.
via Maloof lays off about 12 employees – Sacramento Business Journal: .
– A Morganton auto brakes manufacturing plant told the state it has temporarily laid off 90 people in the wake of Chrysler’s bankruptcy filing.
via Morganton plant temporarily lays off 90 | CharlotteObserver.com.
– State Sen. R. Creigh Deeds, a Democratic candidate for governor, has laid off about five campaign staffers in order to keep airing TV ads four weeks before the June 9 primary.
via Deeds Lays Off Staff – Virginia Politics – .
– PHILLIPSBURG | Atlantic States Cast Iron Pipe Co. laid off 40 people last week, or about one-sixth of its work force, citing the economic downturn and related decline in home construction.
– Fennemore Craig PC cut 17 positions in two sets of layoffs.
via Fennemore Craig cuts staff – Phoenix Business Journal: .
– FREEDOM PLAINS – Arlington schools will do without over 54 of its staff positions next school year.
– MetLife Inc., the biggest U.S. life insurer, cut 1,000 jobs in its home market in the first three months of this year as the recession deepened, Chief Financial Officer William Wheeler said.
via MetLife Dismissed 1,000 U.S. Workers in First Quarter (Update1) – Bloomberg.com.
– RENO, Nev.—The ailing economy has forced the Lake Tahoe Shakespeare Festival to lay off one full-time worker and reduce pay to other staff.
via Tahoe Shakespeare festival cuts staff – MontereyHerald.com :.
– WEST FARGO, N.D. (AP) Trail King Industries Inc., says it will close its West Fargo semitrailer production plant from June 8 to Aug. 3, due to the economic slowdown.
via Trail King temporarily closing West Fargo plant | KXNet.com North Dakota News.
– The Chocolate Bayou plant has a nameplate capacity of 480 million pounds per year of HDPE. The site has a workforce of approximately 50 employees and those positions will be eliminated.
via The Alvin Sun Advertiser Online > News > LyondellBasell announces closing of plant.
– The state Employment Security Commission is sending in a Rapid Response team to assist displaced employees. The plant, one of Marion County’s largest employers, once employed as many as 200 people.
via Marion’s Datwyler plant to close in October | SCNow.
– An Indianapolis-based company is closing its Akron manufacturing facility on Gilchrist Road with the loss of 31 jobs.
via Ohio.com – 31 to lose jobs with closing of Akron manufacturing facility
– RICHMOND, Va. — MeadWesvaco says it is closing a plant in North Carolina and shifting production to other facilities.
via Chattanooga Times Free Press | MeadWesvaco to close North Carolina plant .
– Spokesman Bob Klein said the Milwaukee-based company is exploring ways to reduce costs at its York location. That could include a move, though he declined to say where. The York facility employs about 2,400 workers and consists of two motorcycle factories that assemble its Touring and Softail motorcycles.
– Shiloh Industries Inc. will shutter permanently its Liverpool manufacturing plant in Valley View this summer, putting 111 employees at the Medina County operation out of work, according to a company filing with the state of Ohio.
via Crain’s Cleveland Business: Shiloh Industries to close Liverpool plant, eliminating 111 jobs .
– Chester-based AdvantaStaff has notified the state that it will lay off 261 employees.
Employees at the staffing services company were notified last week, and the cuts will take effect on June 5.
via Chester staffing firm cuts 261 jobs | www.chesterfieldobserver.com | Chesterfield Observer.
– The embattled German car parts company Schaeffler aims to achieve personnel savings of roughly 250 million euros ($A444.56 million) in Germany, the equivalent of around 4,500 jobs, the company announced.
– May 13 (Bloomberg) — Mitsubishi Fuso Truck & Bus Corp., Daimler AG’s Japanese commercial-vehicle unit, will eliminate 15 percent of its workforce and shut two factories in Asia as the global recession causes sales to drop.
The division will cut about 2,300 workers globally by the end of 2010, offering buyout packages or not replacing people who retire or quit, Fuso President Harald Boelstler said today at a press conference in Kawasaki, where the unit has its headquarters. Fuso will end production at a Thai plant this year and shut a small-bus factory in Oye, Japan, in 2010.
via Daimler’s Fuso Truck Unit to Cut 15% of Workforce (Update1) – Bloomberg.com.
– May 13 (Bloomberg) — Las Vegas Sands Corp., controlled by billionaire Sheldon Adelson, plans to cut as many as 4,000 more jobs in Macau as the casino operator seeks to reduce costs.
via Las Vegas Sands Plans to Cut as Many as 4,000 Jobs in Macau – Bloomberg.com.
– Dutch photocopier and printer maker Oce NV (OCEN.AS) said on Wednesday it would speed up plans to cut costs and announced it would further reduce 800 jobs and 64 million euros ($87.2 million) in costs through 2010.
via UPDATE 1-Oce to cut 800 jobs, book charges, amends covenants | Reuters .
– Twenty-five jobs are to go at Seagate Technologies in Londonderry, the BBC understands.
via BBC NEWS | UK | Northern Ireland | Foyle and West | Twenty-five jobs to go at Seagate.
– Vestra Wealth has made five former UBS recruits redundant, as the firm looks to rapidly grow its assets under management and shed its association with UBS.
via Vestra makes raft of redundancies | Professional Investor | Citywire .
– A SERIOUS jobs blow has hit Kirkcudbright after dairy manufacturer Milk Link announced proposals to close its base in the town with the loss of 121 employees.
via Kirkcudbright faces axe of 121 jobs – Galloway Today .
– In the UK and Ireland, which accounts for half of sales, SIG said it will close branches and lay off staff in the distribution business. In mainland Europe, also accounting for half of sales, there will be 100 job losses in Germany and 30 in France.
via ShareCast – News you can use.
– BRIERLEY Hill workers are reeling after Virgin Media announced plans to axe 322 customer service jobs at its Waterfront centre.
via Virgin to cut 322 Brierley Hill jobs (From Stourbridge News).
– DLA Piper has concluded its redundancy consultation, leading to the loss of 124 jobs.kit
via DLA Piper cuts 124 jobs at end of consultation | News | The Lawyer.
-A total of 75 jobs are set to be lost in Co Donegal, it was confirmed today.
via Labour Court to hold hearing into Lufthansa Technik row | IOL.
– Seventy-seven jobs are under threat after leading travel agent Thomas Cook revealed plans to close its High Street operation in the Republic.
via The Press Association: Travel agent poised to axe 77 jobs.
– Supermarket giant Tesco is to cut 140 jobs from its workforce in the Republic, it has been announced.
via The Press Association: Tesco plans 140 job losses.
– Twenty five more government jobs are to be lost, with two Labour Department units being canned, just a day after the Ministry of Social Development said up to 200 jobs could be lost in a restructure.
via twnety five jobs to be cut at the Department of Labour | NATIONAL.
– In a trading update, SIG on Wednesday revealed further job losses in both its UK and European operations, as well as other cost-cutting measures. The job cuts will be focused in continental Europe, with 100 jobs to go in Germany and 30 in France. The group has cut 645 jobs in the UK so far this year.
via FT.com / Companies / UK companies – SIG to axe jobs after winter chill.
– Polish media group Agora AGOD.WA is increasing staff cuts to 400 from 300, the company said in a statement on Wednesday.
– Hiring News and News You Can Use–
– Wal-Mart Stores Inc. is getting ready to open its newest Dayton-area location and it has 100 jobs to fill.
via Wal-Mart hiring 100 for new Dayton-area store – Dayton Business Journal: .
– Company spokeswoman Anna Anderson said store management is now hiring staff and will continue taking applications through the end of the month. Each store hires 150 to 250 employees. Managers for new stores are hired by the corporation and members of the management team go through training before the hiring of general staff.
via New Target in Greenland now hiring | SeacoastOnline.com.
– Aeras Global TB Vaccine Foundation of Rockville celebrated the opening last week of its new tuberculosis vaccine manufacturing plant, which its CEO said will create 25 new bioscience jobs in Montgomery County.
via Nonprofit’s new vaccine plant to create 25 jobs.
– May 13, 2009 — Fred Landrum, President and Chief Executive Officer, Prosperity America, Inc., announced 300 new jobs over the next three years. The company is locating in the former W.C. Bradley’s call center at 7100 Jamesson Road.
via Prosperity America, Inc. Locates in Columbus, Creating 300 Jobs.
– CEDAR RAPIDS — Iowa Precision Industries will gain three brands and 50 new jobs as its parent company consolidates plants to gain efficiency.
via Iowa Precision gaining 3 product lines; 50 jobs | GazetteOnline.com – Cedar Rapids, Iowa City.
– NEW YORK, NY — (Marketwire) — 05/13/09 — With unemployment rates hitting record highs, 50StateJobs.com (http://www.50statejobs.com) is offering free job postings to all employers across the United States.
Mike: A wild ride on the unemployment announcements train today! The day started with some larger international announcements and then it continued all day with some substantial job loss announcements from US companies. Tomorrow brings us the ever important Jobless Claims report, which is expected to be 609,000. Last week I pulled a guess of 602,000 out of my hat and missed by 1000. This coming week is tougher to call, since last week had some busy days and some slow days, so I’ll go with 615,000.
Since I believe that most of us, whether employed or unemployed, should be aware of how many people are losing their jobs, I’m going to start a weekly jobless claims number contest. I’ll ask you to send me your guess as to the weekly claims number and the closest to the mark gets a $20 online gift certificate to a retailer to be determined. If you have any thoughts about the contest, send them to me at mike@layofflist.org. Till Thursday…………………..
Walt Handelsman - May 12
Tags: COBRA, cut jobs, economic, employment, factory closing, firing, hiring, IBM, job loss, laid off, layoffs, plant closing, positions eliminated, redundancies, staff cuts, workforce reduction
