Mike: Due to a problem with my page layout, the “Previous entries” link is at the top of page 1 and not at the bottom where it belongs. I hope to fix that soon, but I need to find someone that’s wiser to this than I am. Sorry for the inconvenience.
Due to the holiday weekend it looks as if most companies have cut back on their layoff notices, which is a relief for many. I hope you all have a fine weekend and I’ll try to update the post as needed. All the best and now onto the news…………
Mike: While bailout repayment transactions from the banks to the fed can get complex for my little brain, the winner again seems to be the banks. The taxpayer paid to bailout the banks and then the banks give the feds less than fair value for their bailout holdings and the fed accepts it! I believe it goes something like this: I borrow $1000 from you and tell you to hold onto my $1000 car. When it’s time to repay you, I say here’s $200 and I want my car back. Under normal circumstances you would say, no way! But under TARP repayment of your tax money that would be considered acceptable. I’m sure it’s more complicated than that example, but getting 20% only back from a loan is a business model that is bound to fail.
– May 22 (Bloomberg) — Banks negotiating to reclaim stock warrants they granted in return for Troubled Asset Relief Program money may shortchange taxpayers by almost $10 billion if Treasury Secretary Timothy Geithner’s first sale sets the pace, data compiled by Bloomberg show.
While 17 financial institutions have repaid TARP funds, only one has come to terms with the U.S. on the value of the rights to buy stock that taxpayers received for the risk of recapitalizing the industry. That was Old National Bancorp in Evansville, Indiana, which gave the Treasury Department $1.2 million for warrants that may have been worth $5.81 million, according to the data.
If Geithner makes the same deal for all companies in the rescue program, lenders may walk away with 80 percent of profits taxpayers might have claimed.
Mike: The fine people at Feature Story News FSN REPORTERS BLOG mentioned The Layoff List on their site. I urge you to pay a visit to both their blog entry site at FSN REPORTERS BLOG and their main offeirng at http://www.featurestorynews.com/. As they state on their site: Founded in 1992, FSN is the world’s leading independent broadcast news agency.
Job-loss website a sign of the times
FSN just stumbled across the following blog/website http://www.layofflist.org/ which is devoted entirely to reporting and cataloguing job losses and lay-offs. It’s a pretty depressing read at times but could not be more of the moment…
via FSN REPORTERS BLOG.
- About 400 to lose jobs as Whataburger closes 14 stores in Central Florida
- 247 Jeld-Wen Layoffs in Hawkins
- Mass Layoffs Summary
- NY Resume Writing Examiner: Resume tips for success (Part 1)
- GM Said to Plan New Cuts Focused on North America Salaried Jobs (4400)
- Filene’s predicting 1,600 job cuts
- CBC’s English-language service to lay off 180
- LA schools avert 3,700 layoffs with federal funds
- 304 CMS teachers get layoff notices
- $50 million for green job retraining
- 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
– Apple has come under fire for its relations with companies that have allegedly abusive work practices reports the Global Post.
According the newspaper, protesters gathered outside Apple’s offices in Taipei to voice their anger over its relationship with flat-panel maker Wintek, which labour groups claim exploits workers in Taiwan and China.
– Employers took 2,712 mass layoff actions in April that resulted in the separation of 271,226 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Each action involved at least 50 persons from a single employer.
The number of mass layoff events in April decreased by 221 from the prior month, and the number of associated initial claims decreased by 28,162. Compared to last year, the number of mass layoff events and associated initial claims more than doubled. In April, the manufacturing sector reported 1,111 mass layoff events, seasonally adjusted, resulting in 135,252 initial claims. Over the month, mass layoff events in manu- facturing decreased by 148, and initial claims decreased by 20,657.
– WASHINGTON (AP) — Forty-four states lost jobs in April, led by California where employers slashed 63,700 positions, as the recession took a further toll on U.S. workers.
The U.S. Labor Department says that behind California in over-the-month job losses were: Texas, which saw 39,500 jobs vanish; Michigan, which lost 38,400 jobs; and Ohio, which lost 25,200.
-When two out-of-work pilots, bearing signs that say “Will Fly” and “for Food,” appeared on a busy street corner at 6:30 a.m. Thursday, they got honks, a book, offers of money and a teddy bear.
What they want most, however, are flying jobs.
Mike: Here’s some good news on the job front:
Four “jobless” elephants from islands off the east coast of India have found new roles in wildlife reserves on the mainland.
Mike: A little clarity on what can be confusing employment reports:
One week, a federal report says the number of people filing new claims for unemployment insurance has unexpectedly dropped, pointing to a slowdown in layoffs. Good news, right? Maybe not.
Within weeks, another government report says the unemployment rate has climbed. Bad news? Not so fast: Soon a privately issued report says the labor market appears to be strengthening, news that reassures investors and sends stocks higher.
Confused yet? Don’t worry — so are some of the nation’s leading economists.
– Some 2,000 of those jobs are held by SEIU and Workers United. Hartmarx is best known for its Hart Schaffner & Marx and Hickey Freeman suits – 122 years as a noted American clothier.
The unions are urging the liquidated company’s chief creditor, Wells Fargo, to support the sale of Hartmarx to a buyer who would keep the company alive, even if some of the jobs continued overseas.
But Wells Fargo Chairman Richard Kovacevich has resisted keeping the company alive and jobs here despite complaints from members of Congress as well as unions. Kovacevich, who also called the federal stress test on his bank’s assets “asinine,” sits on the board of Target, which is holding an annual meeting at the Waukesha store. Which explains why Target seems the target, though it’s not.
– LOS ANGELES—The Los Angeles Unified School District says it has more than halved the number of layoffs slated for June 30 with the help of federal stimulus funds and an early retirement program.
Superintendent Ramon Cortines said Friday that about 2,000 teachers and 260 support personnel are set to lose their jobs at the end of the academic year. That figure is down from the 5,971 workers who were sent layoff notices in March.
– Just over 300 classroom teachers got layoff notices from Charlotte-Mecklenburg Schools today, with more coming next week.
– JACKSONVILLE, N.C. – Onslow County will cut 71 jobs and two aid programs in an effort to curb spending. The board of commissioners made the announcement on Wednesday.
– Nine full-time and nine part-time teachers in the Green school district will lose their jobs at the end of the school year.
– The city of Saline has laid off four employees as it struggles to balance the budget for next year.
– FREDERICTON – The region’s French school district has confirmed 22 staff positions will be eliminated next fall, due to a reduced budget from the provincial government.
Mike: Yes, here are our children’s instructors who, by the nature of this layoff email, are showing children the uncivil, uncaring, boorish ways of handling delicate matters. Those who sent this email are merely looking to that next paycheck and that sweet retirement after putting in 20:
– Eight Herrera Student Intake Center workers are going to be eliminated on Sept. 1. In addition to being upset about losing their jobs, the employees are disturbed that they learned of their cuts via a mass e-mail, KRLD reported.
– Behind closed doors earlier this week, the Oakland City Council denied a last-minute request to hire 11 fire recruits poised to take part in a graduation ceremony set for next week.
– May 22 (Bloomberg) — General Motors Corp., shedding costs before a probable June 1 bankruptcy, is preparing thousands of new cuts in North American salaried jobs, people familiar with the planning said.
The reductions will be at least as large as the elimination of 4,400 such positions in the region in early 2009, said the people, who asked not to be identified because details aren’t set. In bankruptcy, GM has said its best assets probably would be used to form a new, smaller company that needs fewer people.
– As many as 1,664 Filene’s Basement employees, including 105 in Central Ohio, could be out of work pending the outcome of the retailer’s bankruptcy auction.
-After a four-year turnaround effort that produced no profit, Whataburger is pulling out of Central Florida.
About 400 people who work in 14 stores in the Tampa Bay, Orlando, Ocala and Gainesville areas will lose their jobs when the stores lock their doors for good at 3 p.m. on May 31.
– Hundreds of layoffs are moving from temporary to permanent at Jeld-Wen windows in Rusk County.
The company notified the state that 247 people will lose their jobs. The plant, in Hawkins, has been temporarily laying off workers since the start of the year.
— MADISON (WKOW) – Representatives of Madison car dealer Don Miller informed state officials of plans to layoff workers.
Department of Workforce Development officials said Don Miller provided notification of its intention to layoff as many as 35 employees by June 3.
– Caesars Windsor issued layoff notices to 10 employees this week, the result of the seasonal closing of coat check operations.
– BizJet International, the Tulsa corporate and general aviation aircraft maintenance, repair, and overhaul company, is laying off 14 people or 6.5 percent of its employees, company executives said Wednesday.
– A dramatic drop-off in attendance at the Winston-Salem Dash’s baseball games this season led the organization to reduce its off-field work force this week.
Kevin Terry, the general manager of the Dash, confirmed yesterday that there have been job cuts, but he declined to say how many positions were eliminated.
– Kmart Corp. has told state of Wisconsin officials that it will close a store on the east side of Green Bay Aug. 16, resulting in the loss of 62 jobs.
– Biotechnology company ARCA Biopharma Inc. cut about 40 employees in a restructuring move and expects charges of about $1 million during the second quarter, according to a filing with the Securities and Exchange Commission Friday.
– ST. PETERSBURG — The Florida Orchestra has laid off three staff members and instituted pay cuts for next season.
– ELYRIA — Four Elyria businesses — Krazy Mac’s, Blockbuster, Pulse Cafe and World Leather Outlet have closed, along with Carpet & Tile Liquidators in Sheffield.
As if that weren’t bad enough, four more downtown properties owned by real estate developer Jay G. Tokar go on the auction block Wednesday, creating more uncertainty
-Monsanto Co. has laid off 55 workers at its Mississippi facilities and restructured some its operations.
– Boeing is handing out another 100 layoff notices today as it tries to reduce the company’s workforce by 6 percent this year.
– ST. LOUIS – The St. Louis Post-Dispatch has eliminated 39 jobs and moved the functions to two other properties owned by Lee Enterprises.
– Momentive Performance Materials Inc. plans to cut 25 jobs from its Waterford plant and send that work to Indiana, Germany and China.
– According to Publishers Weekly, Scholastic laid off 11 employees last week. The cuts were made in the Klutz division and trade publishing.
– Demmer Corporation laid off 125 workers. The Lansing-based company makes parts for the US Military. Demmer has four plants located in Lansing and employs 1,500 people.
– HUNTINGTON — The Herald-Dispatch has announced that 24 employees were laid off Friday, eliminating 15 percent of the newspaper’s work force.
– Seagate has effectively crippled its VAR channel effort by laying off virtually all of its commercial VAR sales and marketing team and pulling the rug out from under two key distributors, Tech Data (NSDQ:TECD) and Arrow.
– Citing decreased demand from advertising, design and marketing firm clients, Bloomington-based Sierra Bravo Corp., a software and interactive services provider to about 70 ad agencies, has laid off seven employees, or nearly 9 percent of its work force.
via Finance and Commerce.
-Graham Packaging Co. of York said it is closing its Levittown manufacturing plant and laying off its 45 employees.
– TORONTO — CBC will lay off up to 180 employees in its English-language service next week, says Richard Stursberg, executive vice-president of CBC English Services.
– Another retail giant bites the dust. This time S&K Menswear is closing all of its stores, not only nationwide but also all 4 stores here in Western New York. It means that 10-15 full-time employees will be out of a job and right now all of their merchandise is being liquidated.
May 24 news:
-Fruit of the Loom Inc. has set Aug. 21 as the closing date for its Vanity Fair Brands dye plant in Monroeville and its knitting plant in Jackson, the company said.
– Martinrea Heavy Stamping’s plant in Shelby County, which supplies auto parts such as hoods and doors to Louisville’s two Ford plants, will close this summer.
About 170 people still work at the plant, their numbers reduced by past layoffs as a result of declining sales of Explorer sport utility vehicles and F-Series Super Duty trucks.
– MILAN (AP) — Italian automaker Fiat said Friday that its offer for Germany’s Opel calls for less than 10,000 job cuts in Europe — far fewer than many experts were expecting.
Fiat’s statement was its first official comment on the offer presented Wednesday for Opel and the British brand Vauxhall, both units of General Motors Corp.
-The national postal service Polish Post (PP) is undergoing a major restructuring program that will cut 1,000 jobs, while another 1,000 staff will be offered the opportunity of staying with PP on poorer terms.
– Television Broadcasts Ltd (TVB)<0511>, a Hong Kong-based media company, on May 20 announced that it will cut 110 jobs, principally in the engineering and production departments, sources reported.
– BOLTON Council is planning to halve the number of staff in its department which cares for elderly and vulnerable people in bid to save £1 million.
But despite the cuts in adult care services, which could see the number of posts slashed from 250 to 120, town hall chiefs insist residents will not see a change in the level of care they receive.
– SAICA Packaging is to make 18 jobs redundant at its box plant in Edinburgh. A total of 18 redundancies are to be made on the shop floor as a result of a downturn in sales, which the company said was “directly attributable to the current economic climate”, as Packaging News informed Lesprom Network.
– The owners of three companies have announced plans for a total of 108 redundancies at their bases in Wiltshire.
Furniture-makers Smallbone, of Devizes, and Mark Wilkinson, in Bromham, are to lose 100 workers between them.
– Shocked staff at Shepherd Construction were yesterday told this time jobs were going from their division which is based in Fulford Road.
– Bircham Dyson Bell has completed a second redundancy consultation, which has seen 15 jobs cut at the top 80 firm.
– Fourteen posts are to go at their Solway Steel plant in Creetown, with a further 15 at the firm’s Barrhill base.
– DLA Phillips Fox has made 20 fee earners and 26 support and administrative staff roles redundant, The New Lawyer can reveal.
May 24 news:
British Airways is poised to slash thousands more jobs as it vows to cut costs this year by a further £200million.
Chief executive Willie Walsh has already made hundreds of managers redundant but is now expected to concentrate on check-in staff, cabin crew and engineers.
– WASHINGTON — Hard-hit auto communities in Michigan and elsewhere will compete for $50 million in new funds set aside to retrain workers for jobs in new energy and green-technologies fields, the White House said Thursday.
– Velesco Pharmaceutical Services is setting up a presence in Michigan’s two big brain centers, Ann Arbor and Kalamazoo.
– The Warren-based firm employs 1,625 people across nine states, with a little more than 800 working in Southeast Michigan. It plans to add another 432 jobs within the next seven years now that it has a $2.7 million state tax credit and $172,305 tax abatement from the city of Warren.
– Diagnostic Devices Inc., which now has 50 local employees, hopes to secure a 50,000-square-foot facility in the Huntersville area by month end, says Richard Admani Abulhaj, chief operating officer.
– HARRISONBURG – Like most poultry producers, Tyson Foods has struggled recently with high costs and competitive markets in the meat and poultry industry.
But the company is looking to adapt. As part of its plan, the firm will shake up its Harrisonburg plant on North Liberty Street, resulting in the addition of 100 jobs.
– RIM is planning to add somewhere around 200 jobs in the Atlanta area, according to a report over at the Atlanta Business Chronicle.
– While the unemployment rate rises, jobs are still out there.
J.C. Penney is having a career fair for full- and part-time jobs at its soon-to-open store and styling salon at The Village at Fairview in Fairview.
– Fearful of a dwindling drug pipeline, big pharma players are adding to head count and square footage in the hope of jump-starting innovation. The focus on early-stage research is driven by one stark fact: approximately one-third of drugs are slated to go off patent between 2011 and 2013, opening them up to competition from cheaper generics, and reducing drug makers’ revenue from those drugs by up to 90 percent.
– Red Robin Gourmet Burgers is hiring more than 100 people for a new East Valley restaurant set to open in June.
– Autovan, a manufacturer that makes vehicles wheelchair accessible, is planning to open a second plant at Fort Custer Industrial Park with several tax breaks from the state and city of Battle Creek, said Jim Mayfield, vice president of sales.
– In the midst of a recession, a Quad City company is hiring. United Healthcare of the River Valley has openings for 42 full-time positions, with benefits.
– American broadcaster NBC is hiring local staff for the 2010 Winter Olympics.
From dishwashers, cooks and accountants, to producers, editors and camera operators, the corporation has posted 51 jobs to be filled on a contract basis for the Vancouver Olympics.
– As a professional resume writer I am frequently asked about what works and what doesn’t on resumes. In other words, what do hiring managers and recruiters look for when it comes to a resume?
In parts I and II of this article, I will list a series of Dos and Don’ts. Section I will deal with the technical aspects of writing, such as grammar, typos, and other issues to identify and avoid. Section II will cover Content, and deal with the types of information that should or shouldn’t be used on a resume.
-DES MOINES, Iowa — If you’re a recent college graduate or about to get that diploma, you’re likely stressed out by the thought of looking for a job in the midst of the highest unemployment rate in a generation.
A National Association of Colleges and Employers annual student survey said just 20 percent of 2009 graduates who applied for a job actually have one. But some big companies have good news: They are looking for people like you.
– First, let’s go over some basic job-hunting statistics. Only 15-20 percent of jobs are found through actual job ads, and 60-70 percent of jobs are found through networking. In this market recruiters are dodging hundreds of resumes for every opening. Only 2-3% of resumes actually get to recruiters after they have gone through database filters at which time they only get about 15 seconds of a recruiters time. Yes, recruiters are receiving hundreds of resumes for a job opening, but in my experience as a Corporate Recruiter, regardless of the market, the best matches are hard to find.
– “By the end of 2009, Rolls-Royce will have created almost 400 new jobs in under two years,” said Karen Vonder Meulen, a Rolls-Royce spokeswoman, in a phone interview. Total employment at the Goodwood plant in West Sussex, England, is expected to approach 900.
– Chromalloy Gas Turbine Corp. is expanding its Port San Antonio employment by 130 workers to nearly 400 total, the company and the San Antonio Economic Development Foundation announced Friday.
– UnitedHealthcare of Iowa and Central Illinois is adding to its Quad-City work force with 40 new jobs – including several openings for bilingual-speaking candidates.
– The Beaumont DuPont Performance Elastomers plant will remain in production longer than expected – perhaps through September – but still will close by year’s end, a DuPont spokeswoman said Friday.
DuPont had planned to close the performance elastomers unit by June 30.
Mike: I hope all who are celebrating the upcoming Memorial Day holiday have a wonderful weekend and to tohse who are haiving a regular weekend do the same. I’ll try and update this post as needed, but if not I’ll see you all Tuesday.………………………..
Tags: COBRA, cut jobs, economic, employment, factory closing, firing, hiring, IBM, job loss, jobs cut, laid off, layoffs, plant closing, positions eliminated, redundancies, staff cuts, unemployment, workforce reduction