Mike: Today is shaping up to be a quiet day on the economic report front, but layoff announcements are numerous and large this Friday.

Mike: The following story illustrates one of the reasons why so many are upset at the AIG bonuses. The union rejected a contract offer for further lowering of wages, which may or may not be a good idea (in this economy, I personally think it’s a bad idea, since you can demand higher wages when the economy improves in a couple years). These workers were being asked to rewrite a contract, so why can’t the financial destruction wizards at AIG rewrite their contracts? If they don’t want to rewrite their contracts, then they can take the same course as the union members at New Process Gear by saying no and moving on. I am constantly amazed that the financial destruction wizards feel that they need to be treated differently than other workers. With tens of thousands of Wall Street layoffs occurring over the past six months, there is certainly going to be a talent pool to choose from if those AIG wizards decide to pack their bags and move on because their bonuses were withheld.

Union leaders spent last week explaining the agreement, which hinged on the plant’s ability to break even in operations by July, in the midst of a recession. If it did, workers would keep their wages of $20.16 per hour. If it came close to break-even, their wages would be cut to $16 per hour, and if the plant missed the mark altogether, the company would close it.

“It’s a terrible contract. I couldn’t vote for that,” said Mike Capriotti, 53, of Lyncourt, who has worked at the plant for 15 years. Capriotti was so intent on the vote that he waited at the union hall for almost three hours Tuesday evening to learn the result.

Rejecting the agreement sealed the fate of the plant’s 1,400 union and nonunion workers.

via Union workers reject contract offer; New Process Gear to wind down DeWitt operations - syracuse.com.

Mike: Crooks tend to keep a low profile. As you can see, there are plenty of holes in the AIG argument that the bonuses are obligated.

* AIG’s initial arguments that the bonuses were contractually obligated didn’t wash with New York Attorney Bruce Blakeman, who said bonuses, by nature, are discretionary and not ironclad obligations. He said AIG should make public the terms of the contract and the names of those being employed, especially because the public is funding those bonuses.

AIG also is facing the wrath of state governments. New York Attorney General Andrew Cuomo has subpoenaed the company for documents related to the bonuses and actions in Connecticut.

via AIG bonus earners have large homes, now keep low profile.

Mike: And what may be the most disturbing aspect of this bonus fiasco is that so many people knew about the bonus package, but were clueless to the potential public outrage. This shows that those in government and in the financial kingdom are completely disconnected from the plight of the person on the street. They sit in their comfortable lairs and blissfully ignore those that they work for; the taxpayer.

Interviews with senior Federal Reserve and Treasury officials, as well as members of Congress, leave little doubt that the bonus program was a disaster hiding in plain sight. Mr. Geithner is not the only one who appears not to have understood the populist fury the bonuses would set off.

Career staff officials at the Treasury, Fed and Federal Reserve Bank of New York exchanged e-mail messages about the A.I.G. bonus program as early as late February, according to a person familiar with the matter. A.I.G. itself revealed the bonus plan in regulatory filings last September.

via Many in Government Knew Weeks Ago About A.I.G. Bonuses – NYTimes.com.

Mike: You know that your congressional representative is getting plenty of heat on an issue when they can move this fast to address an issue. We have to keepthe heat on this crowd of civil servants and make certain that they are working for the people and not just the large campaign contributors.

The second paragraph below is even more bizarre than the bonus issue. The same companies that have stolen billions of taxpayer dollars aren’t even paying their fair share of taxes! You would think that they would at least have the courtesy to pay their taxes with some of the billions they’ve been given, but then again, they feel as if they don’t need to follow the rules; only those silly people on the street below need to do that.

* Reporting from Washington — Struggling to keep ahead of public outrage, the House of Representatives on Thursday passed a bill to recoup the lion’s share of the $165 million in bonuses paid to executives of American International Group Inc.

But the infuriating news just kept coming. A prominent congressman said 13 financial firms that had received an injection of government money owed more than $220 million in unpaid taxes. And Citigroup Inc., which has received $45 billion in federal money, planned to spend $10 million for new offices for its top executives, Bloomberg News reported.

via House passes bill to tax AIG bonuses – Los Angeles Times.

Jerry Holbert - Mar 18

Jerry Holbert - Mar 18

* Larger layoff announcements and important economic reports:
US/Canada


International:
   

- Microsoft/Google/IBM and other Rumors & News

 

* Microsoft Corp. (MSFT) Chief Executive Steve Ballmer said Thursday he expects less acquisition activity in the economic downturn since targets will be less likely to sell at depressed valuations.

- General Economic News

 

* WASHINGTON (AP) — Unemployment rose in all but one of the 372 metropolitan areas tracked by the Labor Department at the start of 2009 and areas of California were among the hardest hit, according to government data released Thursday.

That means jobless rates rose in January in 99.7 percent of the cities compared with a year ago. By comparison, in January 2008, one month into the current recession, unemployment increased in only 234 metro areas, or 63 percent.

Waterloo-Cedar Falls, Iowa, where the unemployment rate was unchanged at 4.4 percent, was the only metro area that didn’t see an increase. All 49 metro areas with more than 1 million people saw their rates rise in the past year, the department said.

via The Associated Press: Unemployment rises in 99.7 percent of metro areas.

 

- Municipal News

 

* The city of West Linn laid off one employee last week to offset declining revenues in the building department.

- US and some Canada News

 

federal-express1* MEMPHIS — FedEx’s profits have nose-dived 75 percent from year-ago levels, prompting the company to slash 1,000 more jobs and cut $1 billion in expenses.

The Memphis-based express delivery giant on Thursday reported fiscal third-quarter earnings of 31 cents per share — significantly worse than the 48 cents per share analysts predicted.

via FedEx to cut 1,000 jobs, $1 billion in expenses | www.tennessean.com | The Tennessean.

 

riotinto* Rio Tinto Limited (RIO) said its aluminium production subsidiary Rio Tinto Alcan would slash around 1,100 jobs. The measure was one of a raft of cost-cutting programmes announced by the company as the mining giant struggles with the global economic downturn.

magna-international* The latest closing will cost 1,400 jobs at New Process and hundreds more in companies that depend on the plant.

“Today is a very difficult morning after, after what is certainly very big news and very difficult news, not only for our employees, but for the central New York community,” D’Angelo said.

via News 10 Now | 24 Hour Local News | TOP STORIES | Shut down begins for New Process Gear .

 

magna-international1* Union leaders spent last week explaining the agreement, which hinged on the plant’s ability to break even in operations by July, in the midst of a recession. If it did, workers would keep their wages of $20.16 per hour. If it came close to break-even, their wages would be cut to $16 per hour, and if the plant missed the mark altogether, the company would close it.

“It’s a terrible contract. I couldn’t vote for that,” said Mike Capriotti, 53, of Lyncourt, who has worked at the plant for 15 years. Capriotti was so intent on the vote that he waited at the union hall for almost three hours Tuesday evening to learn the result.

Rejecting the agreement sealed the fate of the plant’s 1,400 union and nonunion workers.

via Union workers reject contract offer; New Process Gear to wind down DeWitt operations – syracuse.com.

 

* SAN FRANCISCO—Chip gear vendor Lam Research Corp. will eliminate 375 jobs, or 10 percent of the company’s workforce, as a cost-cutting measure, the company said Thursday (March 19).

* Bassett Furniture says in a news release that it plans to cut 50 additional jobs this year, as part of a plan to help the company save between seven and eight million dollars.

via Bassett Furniture to cut 50 jobs | WSLS 10.

 

newspaper23* The Daily News will eliminate 45 positions and cut wages for others, Publisher Patrick Doyle announced in a letter to employees.

via Anchorage Daily News to cut 45 positions - Forbes.com.

 

newspaper24* The Commercial Appeal has begun a series of layoffs delayed from earlier this month.

* CLEVELAND — KeyCorp this week cut 120 technology jobs, 100 of them in Greater Cleveland.

via KeyCorp cut 120 technology jobs, 100 of them in Greater Cleveland. – Business – cleveland.com.

 

gavel17* Jenner & Block said Thursday it has eliminated 34 support staff in its Chicago and Washington offices.

via Jenner & Block cuts 34 staffers – chicagotribune.com.

 

gavel18* Katten Muchin Rosenman announced today that they have laid off a total of 23 lawyers and 46 staffers, but what’s more interesting are the steps the firm says it’s taking to avoid further layoffs: namely, cutting salaries by 20 percent for associates who did not bill within 200 hours of their billable hours target (2000) in 2008.

via BREAKING: Katten Announces Layoffs, Salary Cuts.

 

gavel19* Since October 2008, Manatt Phelps laid off a total of 12 attorneys, 3 paralegals and 32 administrative staff nationwide, the firm says in a written statement provided to Above the Law.

* BP Amoco has announced plans to lay off 52 employees at its Naperville location beginning May 11. Employees were notified as of March 12, while Naperville City Council members learned of the layoffs in a packet that was distributed this week.

via BP Amoco to lay off 52 at Naperville plant :: Naperville Sun :: Local News.

 

* Fifty-eight people will be laid off in Sacramento, and 142 will lose their jobs in Hayward. All will receive a severance package of two months’ pay and benefits, Bernheimer said.

* SASKATOON — Areva Resources Canada Inc. is laying off about 100 employees after the company decided it was not economical to move ahead with mining a specific deposit at its McClean Lake property.

via Areva laying off 100 employees .

 

* MANITOWOC – Koenig & Vits, operators of the aluminum rolling mill on Mirro Drive, will begin a permanent elimination of 23 salaried and 63 hourly production employees beginning in May and continuing through July.

via Koenig & Vits to conduct ‘mass layoff’ | htrnews.com | Manitowoc Herald Times Reporter.

 

* CEDAR RAPIDS — Changes in St. Luke’s Home Care and Women’s Health Spa will affect 43 positions and leave 120 home patients needing to find alternative care.

via Service changes affecting 43 jobs at St. Luke’s | GazetteOnline.com – Cedar Rapids, Iowa City.

 

* Rourke said he couldn’t discuss a specific number of layoffs but said “the reductions have been across the board in all our businesses,” including the Marysville and Port Huron plants.

via Mueller Brass layoffs leave workers reeling | thetimesherald.com | The Times Herald.

 

* The work force reduction affects approximately 40 production workers, and was prompted by a downturn in business for the plant that produces wiring harnesses and performs cable manufacturing and custom assembly operations.

via More layoffs for Kirby Risk | www.jconline.com | Journal and Courier.

 

casino1* A total of 77 workers lost their jobs as a result of eliminating the third shift on Sundays at the Golden Moon Casino, according to Warren Strain, communications director for Pearl River Resort.

via Resort layoffs total 77.

 

* Motorsports Authentics, a joint merchandising venture by the country’s two largest speedway owners, laid off 40 employees Wednesday, said Joe Mattes, the company’s new interim president.

via Motorsports Authentics cuts 40 | www.thatsracin.com.

 

* International Paper Co. will lay off 58 at its Mount Vernon container plant as it shifts from a four-shift, seven-day-a-week operation to a three-shift, five-day operation, it has announced.

via The Columbus Dispatch : International Paper to lay off 58 at Mount Vernon plant.

 

* The release said about 60 hourly and 11 salary employees will be impacted. At its peak, the plant had more than 200 employees.

via Commercial Vehicle Grp to close Wash. state plant: Associated Press Business News – MSN Money.

 

* TERRE HAUTE, Ind. (WTHI) – Direct Brands, formerly known as Columbia House, decided to consolidate their DVD and Music Club services to a plant in Pennsylvania, resulting in layoffs.

The closing means 147 more jobs will be lost in Terre Haute.

via Former Columbia House makes layoffs.

 

* ROTHSCHILD — Wausau Homes has eliminated 79 more jobs, and its sister company WH Transportation will cut 49 positions, the company confirmed Thursday.

- International News

 

thyssenkrupp* FRANKFURT (AFP) — ThyssenKrupp plans to shed more than 3,000 jobs, a press report said on Friday, the first time a German industrial group would slash permanent posts as a result of the country’s recession.

via AFP: ThyssenKrupp to cut 3,000 jobs.

 

thyssenkrupp1* German industrial conglomerate ThyssenKrupp (TKAG.DE) plans to cut more than 3,000 jobs or about 1.5 percent of its total staff amid a slump in demand, the Financial Times reported on Friday.

The cutbacks will affect the group’s steel and car parts unit as well as its shipyards, the newspaper cited people close to the situation as saying.

via ThyssenKrupp to cut more than 3,000 jobs: report | Reuters .

 

dell7* It has been reported this morning that Dell are to cut a further 230 jobs in Ireland representing 10% of its workforce.

* In an interim management statement published this morning, the Cambridge-based firm said that 20 redundancies had been made in the first four months of its financial year, which began on 1 November, on top of the 200 redundancies announced at the end of October.

via Domino announces more redundancies as sales decline | Business | packagingnews.co.uk.

 

* Says plan will lead to net reduction of 91 jobs

via BRIEF-Rhodia sheds jobs to cut costs – Forbes.com.

 

* Finnish wiring maker PKC said in a statement Thursday it would launch a round of statutory cooperation procedure talks with the aim of closing a wiring harness factory in Kempele in Finland with the loss of up to 226 jobs.

- Hiring News

 

* The FBI announced a hiring blitz in January to fill more than 2,100 professional staff positions. The job postings run the gamut from scientists to accountants to auto mechanics. In addition, the bureau said it wants to hire 850 FBI agents.

What happened next caught many at the FBI by surprise. More than 270,000 people applied over about six weeks. The FBI said about 70,000 people seek positions in a normal year.

via FBI gets 270,000 applications for 3,000 jobs - CNN.com.

 

* Another Columbia Falls lumber mill plans to resume operations after a layoff.

Officials with F.H. Stoltze Land & Lumber Co. plan to restart its sawmill next Monday, after a seven-week shutdown.

via Business & Technology | Another Columbia Falls lumber mill to restart after layoff | Seattle Times Newspaper.

 

Mike: More news as the day unwinds…………….

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Mike: I hope you are all having a fine day. This day brings the weekly Jobless Claims number, which is expected to remain steady at 654,000. This is a closely watched number, which has a great deal of impact on government policy, as well as the private sector and the stock market. An improving number will indicate that current fiscal policy is having a positive effect on the job market: more people are working which leads to more spending and an uptick in stock prices. A worsening number indicates that government policy is ineffectual: fewer people are working which leads to less spending and downward pointing stock prices. We’ll know the reaction when the Jobless Claims is released at 8:30 EDT.

Mike: Some better news and some worse news from the jobless claims number , but nothing that seems surprising. The continuing claims is likely to keep rising since unemployment benefits have been extended for a greater number of weeks. As long as the fed keeps funding extended unemployment, the continuing claims number should also increase. Once those extended benefits are exhausted, the continuing claims number will decrease. So seeing a declining continuing claims number is not necessarily a reason to think that jobs are being created.

* Highlights

The number of unemployed keep rising. Continuing jobless claims for the March 7 week rose a very steep 185,000 to a record 5.473 million. It’s taking longer and longer for the jobless to find work. Initial claims for the March 14 week did fall back 12,000 but remain at a severely high 646,000 for a four-week average of 654,750. Initial claims as well as the insured employment rate, at 4.1 percent, are the highest since the early 80s.

-Bloomberg.com: Economic Calendar.

 

* Larger layoff announcements and important economic reports:
US/Canada


International:
    

Microsoft/Google/IBM and other Rumors & News

Mike: A little off topic here, but an IE upgrade is long overdue. I avoid using IE as much as possible because of frequent crashes and slow performance:

* SEATTLE (AP) — Microsoft Corp. will release a new version of Internet Explorer Thursday, adding features meant to speed up common Web surfing tasks and bringing the browser’s security measures in line with those of major competitors.

via Microsoft adds shortcuts, security to new browser: Financial News – Yahoo! Finance.

 

* Boulder’s largest private-sector employer, IBM Corp., reportedly is in talks to purchase Sun Microsystems Inc., Broomfield’s biggest, in a move that has analysts pondering corporate culture clashes and possible job losses.

- General Economic News

 

Jobless Claims
[Report][djStar]
8:30 AM ET
* The number of people collecting state unemployment benefits jumped by 185,000 to a record seasonally adjusted 5.47 million in the week ending March 7, while new claims dipped by 12,000 to 646,000 in the week ending March 14, the Labor Department reported Thursday. The four-week average of new claims rose by 3,750 to 654,750, the highest level in 26 years. The insured unemployment rate – the proportion of covered workers who are receiving benefits – rose by two-tenths of a percentage to 4.1%, the highest in nearly 26 years.
* NEW YORK (AP) — A private sector group’s index of leading economic indicators dropped less than expected in February, but its broad decline of the past 19 months persisted and is unlikely to end until next year.

The New York-based Conference Board’s monthly forecast of economic activity fell 0.4 percent last month. Economists surveyed by Thomson Reuters expected a 0.6 percent decline.

via Leading indicators drop less than expected in Feb. - Yahoo! Finance.

* NEW YORK, March 19 (Reuters) – Factory activity in the U.S. Mid-Atlantic region shrank less severely in March, a survey showed on Thursday.

The Philadelphia Federal Reserve Bank reported its business activity index at minus 35.0 in March versus minus 41.3 in February. Any reading below zero indicates contraction in the region’s manufacturing sector.

via Philly Fed factory activity slump moderates - Forbes.com.

———————————————————————————————————————————————————————————-

Mike: The below story shows how Citi is spending your hard earned tax money. These egotistical, narcisstic, greedy and corrupt bank execs cannot be controlled without strict oversight of taxpayer funds. I think of it this way: would you go to a bank and tell them to give you $50,000 to bailout your failing business and then tell the bank that you are going to use some of that money for new office wallpaper and a chandelier? I’m not sure the bank would think that you are using those bailout funds responsibly. But on the other hand, maybe Citi is the plaice to go for irresponsible loans! With the spotlight on AIG, Citi may have thought that they could sneak this one past the tired eyes of the taxpayer.

* March 19 (Bloomberg) — Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank.

* NEW YORK (Reuters) – The U.S. jobs sector hit hardest by the recession, construction, may not reach bottom until sometime next year.

With one in five U.S. construction workers out of a job, prospects for the sector remain dim amid ongoing cuts in construction spending, a decline in nonresidential projects, and concerns that government stimulus will take months to have any measurable effect, industry experts say.

via U.S. construction jobs seen weak for rest of 2009 | Special Coverage | Reuters .

 

* WASHINGTON, March 18 /PRNewswire-USNewswire/ — The U.S. Department of Labor today will make available to employers nationwide a free database of 1,921 job candidates with disabilities seeking employment in a wide variety of fields. Federal employers can tap into this ongoing recruitment resource online at https://WRP.gov, and private sector, other government and nonprofit employers can request unlimited searches by calling a toll-free telephone number.

- Municipal News

 

* The Stark County Board of Mental Retardation and Developmental Disabilities has delivered layoff notices to 11 of its adult workshop specialists.

via MRDD lays off 11 - Canton, OH – CantonRep.com.

 

* Budget cuts and staff reductions in New Hanover County will require the elimination of one county department, consolidation of two others and reduced hours at the public libraries.

via County eliminating human relations department, reducing library hours | StarNewsOnline.com | Star-News | Wilmington, NC.

 

* IRONTON — Six employees with the Lawrence County Department of Job and Family Services will be laid off April 6.

via Lawrence, Ohio, Job and Family Services staff cut - The Herald Dispatch.

 

* Twenty-nine Eagle Point School District employees received pink slips Monday in preparation for what is expected to be a difficult financial year in 2009-10

via 29 EAGLE POINT SCHOOL TEACHERS ARE LAID OFF.

 

* MANNING — Clarendon County’s work force received another blow Friday when Trimaco LLC of Manning announced the layoff of 10 employees. According to Corporate Human Resources Manager Kay Finley, the layoff was a reduction in force due to a lagging economy.

via The Item – South Carolina.

 

* NAPLES — Naples Airport Authority laid off nine people and cut the hours of all full-time airport employees who are not management to 32 hours per week.

- US and some Canada News

 

cat9* But on Tuesday, Sites — who works on excavators at the company’s Aurora plant — received one of 665 envelopes given to production workers who will be laid off in June. Another 150 support and management employees in Aurora also will be cut then, Caterpillar announced Tuesday.

cat8* Caterpillar Inc. said Tuesday it is laying off 289 employees in Georgia —- part of a restructuring that will eliminate 2,454 jobs as the global economy takes its toll on the Peoria, Ill.-based construction and mining equipment maker.

via Caterpillar layoffs will hit 289 at Georgia plants | ajc.com.

 

* Pacific Capital Bancorp (Nasdaq:PCBC), a community bank holding company, today announced plans to reduce its workforce by approximately 300 employees, or approximately 22% of its total full-time equivalent staff, in an ongoing effort to improve its cost structure.

finisar-corp* Finisar Corp., a California manufacturer of optical telecommunications equipment, said it planned to lay off 55 employees who work at its Horsham facility in response to a slowdown in product demand.

via Finisar to cut 55 jobs in Horsham | Philadelphia Inquirer | 03/18/2009.

 

* HiRel Systems LLC will close a plant in Hillsboro in April, according to a filing made public Tuesday.

More than 50 workers will lose their jobs.

via HiRel Systems to close Hillsboro plant, lay off 50 - Portland Business Journal: .

 

* Citing “unprecedented financial challenges,” the New York City Health and Hospitals Corporation announced on Thursday a plan to lay off 200 workers and eliminate another 200 positions through attrition, part of a move to close a $316 million budget gap. The announcement touched off outrage within District Council 37, the powerful municipal labor union that represents the workers.

* AMHERST, N.Y. – American Steamship is warning its crews that there may not be work for everyone this shipping season.

The Buffalo-area Great Lakes shipping company has notified the New York state Labor Department that layoffs may be coming, though it’s not yet known how many.

via Layoff warning at American Steamship in upstate NY — Newsday.com.

 

toro1* The Toro Company announced a temporary layoff of approximately 235 workers at its Tomah location. The layoffs are expected to begin April 20 or within 14 days thereafter. The company said that employees were notified of the layoffs in March.

cerus-corp* Hoping to save some $10 million a year, Cerus Corp. will lay off 31 people, or nearly a third of its workforce.

via Cerus Corp. to cut 31 people: bizjournals.com Business News – MSN Money.

 

* Syracuse, NY–The owner of the New Process Gear auto parts plant in DeWitt today said it will begin closing the plant and transfer operations elsewhere.

gm3* GM is idling all shifts that work on the rear-wheel drive, 6-speed at the Toledo plant for one week.

Another round of layoffs at GM’s Toledo Powertrain plant. About 600 hourly workers at Toledo Powertrain and about 25 workers in the aluminum department at the Powertrain plant in Defiance will be laid off next week because of a slow down in work at GM’s assembly plants.

via Another round of layoffs for GM Powertrain – 3/18/09 – Toledo News – 13abc.com.

 

* The company would not give specific numbers, but we’ve been told by other sources that 158 workers will be laid off.

via Knapheide announces layoffs : News : KHQA .

 

western-carolina-university* Under a budget cut scenario announced last Friday (March 13), 31.75 employees will be laid off from Western Carolina University due to state budget cuts.

* Faced with a loss in its endowment of more than 20 percent, the Wadsworth Atheneum Museum of Art quietly laid off six employees from its staff of 109 last month, and can’t rule out further reductions of staff in the coming months.

via New Haven Advocate: News – Layoffs at the Wadsworth.

 

ford1* Up to 50 hourly workers at Ford Motor Co.’s Woodlawn stamping plant are facing temporary layoffs of one- and two-week durations between now and late June.

via Layoffs hit Ford’s Woodlawn plant – Business First of Buffalo: .

 

unilever-foodsolution* Unilever Foodsolutions this summer will close its Wichita plant as the European company transitions away from its custom-produced foods business.

The closing will put 110 employees out of work. Employees were given 60-day layoff notices earlier this month, while 60 received notices in January.

via Unilever Foodsolutions to close Wichita plant – Wichita Business Journal: .

 

* GREENWOOD, Miss. — PYCO Oil Mill has laid off 30 workers amid a continued decline in cotton production in the Delta.

* AmericasMart, the 7.7-million-square-foot retail and gift complex in downtown Atlanta, has laid off just under 10 percent of its staff of about 250.

via AmericasMart lays off almost 10% of staff | ajc.com.

 

gw-lisk* Thirty employees at G.W. Lisk Co. will lose their jobs this week as the company reduces its workforce 6 percent. The private, locally-owned company makes electronic parts used in transportation, construction and mining, factory automation and the aerospace industries.

via G.W. Lisk lays off 30 – Canandaigua, NY – MPNnow.

 

* PC Connection at the DHL Commerce Park in Wilmington has laid off 12 to 14 employees in a companywide cutback due to the bad economy.

via PC Connection lays off dozen.

 

* COLORADO SPRINGS, Colo. (AP) — The U.S. Olympic Committee has laid off 54 employees as a key part of its plan to trim its budget by 5 percent to deal with rough economic times.

via The Associated Press: USOC lays off 54 as cost-cutting measure.

 

* Kosciusko Community Hospital laid off 11 of its 850 employees last week, according to KCH CEO Steve Miller. He said the positions are spread across the hospital and will have no impact on the quality of care provided at the hospital.

via KCH Lays Off 11; Health Care Providers Eye Expenses.

 

gavel16* A faltering economy has led to layoffs at another Kansas City law firm. Polsinelli Shughart PC let go of nine attorneys and 16 other staff members.

via Polsinelli Shughart lays off nine attorneys, 16 others – Kansas City Business Journal: .

 

* The American Red Cross of Summit and Portage Counties laid off 10 paid employees this week.

us-steel6* About 200 workers at the Fairfield (Ala.) Works of U.S. Steel Corp were temporarily laid off this week amid growing concerns that the plant might join the list of company facilities idled by the deepening global economic crisis.

via Log in to AMM.com.

 

crain-communications*New York – Crain Communications, a publisher of business trade magazines including Advertising Age, Crain’s New York Business and TelevisionWeek, has laid off 150 employees and cut salaries for all staff by 10%, PaidContent reported, citing anonymous sources.

via Report: Publisher Crain Lays Off 150; Cuts Salaries | Digital Media Wire.

 

* NORTH ADAMS — Beset by a worldwide drop-off in demand for personalized stationery, Crane & Co. on Tuesday announced the elimination of 70 hourly and salaried jobs in its stationery division, where it also implemented a 9 percent wage reduction for the remaining employees.

via More layoffs, cuts – Berkshire Eagle Online.

 

* IOLA, Kan. (AP) — Industrial and automotive products maker Gates Corp. is laying off 68 more workers at its Iola plant.

via Gates Corp. to lay off 68 more workers at Iola plant - KFSM.

 

mm-mars* Company officials say more than 20 people are being laid off. Click the video link to the right for more on this developing story.

via M&M Mars Laying Off Workers - Local News – WTVC Newschannel9.com.

 

* All avenues were explored, and NIACC’s strategic planning for implementing anticipated budget cuts means 7 full-time employees will be laid off, 6 positions will go unfilled, 3 strategic personnel restructuring assignments will be implemented, program offerings will be re-evaluated in comparison to area needs

via More Cuts at NIACC - KIMT.com – Iowa & Minnesota Together .

 

* Swanson Group, which is headquartered in Glendale, is reducing lumber production and laying off about 112 employees in Roseburg, Glendale and other divisions. The layoffs are effective March 31.

Ingram Book Co. laid off 30 employees from its distribution center in Green. For those employees, Tuesday was their last day on the job.

via Layoffs hit 140 workers | The News-Review – NRtoday.com.

 

ustream* Ustream, a live streaming video service based in Mountain View California, has laid off 4 people, or about 10% of staff, we’ve confirmed. At least two of the four staff let go were Director level or higher.

via 10% Layoffs At Ustream .

 

Mike: Bill Day is a fine cartoonist who will land on his feet someplace:

* BILL DAY, veteran political cartoonist at the Commercial Appeal in Memphis, tells Comic Riffs that he has just been let go by the newspaper as part of more than a dozen layoffs announced by the paper there today.

graco-inc* NEW YORK (AP) — Graco Inc. said Wednesday it will cut an additional 180 jobs, or 8 percent of its global work force, to reflect a drop in demand for its fluid handling systems and components.

via The Associated Press: Graco to cut 180 jobs as 1Q orders drop.

 

* About 10 Mead Johnson employees in Evansville have lost their jobs as part of greater changes affecting the company’s medical sales division throughout the country.

via Mead Johnson reduces local workforce by about 10 : Local : Evansville Courier Press.

 

ramtron* Colorado Springs-based Ramtron International, a developer of random access memory and other semiconductor products, said Tuesday afternoon that it is cutting 17 percent of the firm’s workforce, as well as reducing salaries of its employees by 5 to 12 percent. The firm said it now employs 102 worldwide.

via Ramtron Cuts Workforce, Salaries.

 

* Xcorporeal, Inc.has terminated 19 employees, or 73% of its staff, as a result of general economic conditions and a deterioration in its liquidity position.

via XCR Xcorporeal Cuts 73% Of Workforce.

 

yazaki* Yazaki North America in Canton Township — which supplies advanced power and data networks for auto companies worldwide — is one of those companies feeling the pinch of the current economic slowdown. Company officials have announced that approximately 150 people have accepted severance packages, reducing its workforce at the North American headquarters by about 10 percent.

via Yazaki sheds 10 percent of its workers | hometownlife.com | the Observer & Eccentric Newspapers, Mirror Newspapers and Hometown Weeklies.

 

newspaper22*The Ledger-Enquirer said Tuesday it is cutting its work force for the third time in less than a year as part of a restructuring by its parent firm, The McClatchy Co.

via Ledger-Enquirer.com | 03/18/2009 | Ledger-Enquirer eliminates 20 positions .

 

* NEW YORK Interpublic Group media agency Universal McCann this week laid off 59 staffers, or almost 8 percent of its U.S staff. The cuts hit employees working on accounts across the board in UM’s New York, Detroit, Dallas, Los Angeles and San Francisco offices.

via Updated: UM Cuts 59 Employees.

 

capital-group* The company’s new layoff warning was first reported Tuesday by the online fund-industry newsletter ignites.com.

Capital Group employs about 2,500 people in California, mainly in Los Angeles and Orange counties. That includes portfolio managers, analysts and customer-service representatives.

via American Funds parent Capital Group plans more job cuts | Money & Company | Los Angeles Times.

 

* Layoffs mounted this week at Dura-Bond Industries Inc., with the company’s Steelton, Pa., plant the latest to be hit by the economic downturn and a reduction in exploration and production of natural gas.

via Log in to AMM.com.

 

* More than 100 employees were offered voluntary buyouts Wednesday afternoon, said company spokeswoman Michelle May. The GE Security plant has about 425 workers.

via Pittsfield: GE Security to cut 100+ jobs | Maine News Updates.

 

* Social services agency La Causa Inc. plans to lay off 87 employees as a result of terminating its $11 million case management and safety services contract with the Wisconsin Department of Children and Families.

via La Causa to cut 87 jobs - The Business Journal of Milwaukee: .

 

* ATS Automation Tooling Systems Inc (ATA.TO) said on Thursday it will cut its workforce by around 240 people to adjust to lower demand.

meadwestvaco* March 19 (Reuters) – Packaging maker MeadWestvaco Corp (MWV.N) said on Thursday it would close two plants to cut costs, eliminating 278 hourly and salaried jobs.

via UPDATE 1-MeadWestvaco to shut two plants, cut 278 jobs | Markets | Markets News | Reuters .

 

federal-express* US parcel delivery giant FedEx said it will cut jobs, working hours and salaries after earnings tumbled in the third quarter as it felt the impact of the global recession.

via FedEx to cut jobs and non-US salaries


* The president of the union that represents Timken steelworkers said Wednesday that Timken has laid off at least 155 union employees at its Canton-area plants since mid-December.

via Union: Timken laid off 155 hourly workers since December - Canton, OH – CantonRep.com.

 

* Irvine, CA-based Cortex Pharmaceuticals is joining the ever-growing list of biotech companies opting to restructure. The developer is handing out pink slips to half of its workforce, cutting executive salaries as well as research work and scrambling to raise money from a new round of deals.

via Cortex cuts half its staff, scrambles to raise cash - FierceBiotech.

 

* The warehouse, which distributes bookclub content directly to customers, was once known as BMG Columbia House. Although not entirely unexpected — Direct Brands has been making hints that it would consolidate its operations for some time — it’s still horrible news for the 170 employees who will lose their jobs.

via Layoff Watch: Direct Brands to Close, 170 Jobs Cut | Spartanburg Spark: Because Spartanburg Matters.

 

* Members of the Lexington Newspaper Guild voted in favor of a Herald-Leader company proposal Wednesday night that would mean the loss of the equivalent of 14 union-covered jobs in the newsroom.

via Herald-Leader union approves wage cuts; 14 jobs to be eliminated – Local – Kentucky.com.

 

wind3* Acciona Windpower plans to cut employment by 58 at its West Branch facility in response to slackening demand for wind turbines.

via Acciona Windpower to cut 58 jobs at West Branch plant | GazetteOnline.com – Cedar Rapids, Iowa City.

 

* The Port of Portland will cut about 50 jobs and use furloughs and executive pay reductions to trim $7.5 million from its budget over the next 15 months as it grapples with the weak economy.

Of the 50 job cuts, between 25 and 30 are filled positions.

via Port announces 50 job cuts – Portland Business Journal: .

 

* INDIANAPOLIS — Indianapolis financial services provider OneAmerica has cut 114 jobs and adjusted non-salary expenses because of the economy.

via Business & Technology | Indianapolis financial services provider OneAmerica cuts 114 jobs, adjusts expenses | Seattle Times Newspaper.

 

university-of-rochester* ROCHESTER, N.Y. – The University of Rochester says it has cut 40 jobs and frozen faculty salaries as it copes with a sharp drop in the value of its endowment.

via University of Rochester cuts 40 jobs — Newsday.com.

 

* Berkeley’s famed Claremont Resort & Spa will lay off 77 workers.

- International News

 

rbs1* AN RBS boss today said the bank was looking to shed 2700 jobs in the UK as part of a plan to cut costs by £2.5 billion over the next three years – including around 260 in Scotland.

via RBS looks to axe 2700 jobs in UK - Scotsman.com Business .

 

* First Group has announced plans to cut 3,500 jobs – representing 3 per cent of its cost base – over the next year in one of the most drastic responses yet by a bus and rail group to the economic downturn.

* Around 850 jobs, out of a total workforce of 4,000 are to be cut in the voluntary program.

via Ghana Telecom Cuts 850 Jobs.

 

* LONDON – Aegis, the Carat and Vizeum parent company, said today that it planned to cut 5 per cent of its workforce, around 780 staff, as part of a cost-saving programme.

* Nearly 60 people will be laid off from 2 Plovdiv firms.

This was announced by the municipal coordinator of KNSB Tatyana Miran, cited by radio Plovdiv.

via News.bg – More laid off people in Plovdiv.

 

big-huge-games* Sources close to the studio say that Big Huge Games, developer of the Rise of Nations series and Catan for Xbox Live Arcade, has been given notice by THQ, which has intentions to close the studio within 60 days.

via THQ Cuts Down Big Huge Games, Lets Go Two More – Kotaku Australia.

 

* Jewett-Cameron Trading Co. Ltd. (JCTCF: News , JCT.TO) said it will reduce 5% of its workforce. The staff reduction also includes chief financial officer, Terry Schumacher.

via RTTNews – Latest Earnings,Upcoming Earnings,

 

* New Zealand based infrastructure consultancy Opus is planning to cut its British workforce of 360 by 75.

via Opus to cut British workforce by 75 as struggles with revenue | BUSINESS.

 

* Sources inform ”Globes” that Zim Integrated Shipping Services Ltd. will shortly send 70 employees over the age of 50 on early retirement.

via Zim cuts workforce by 10%.

 

* NEW YORK, March 17 – Hoya Corp plans to cut the Japanese workforce in its digital camera operations to less than 400 employees from about 800 currently, the financial daily Nikkei said in its Wednesday edition.

via Hoya to cut Japan digital camera workforce-Nikkei.

 

* A MEAT processing factory in Wirral will close and cost 300 workers their jobs.

via Liverpool Daily Post.co.uk – News – Liverpool News - Three-hundred jobs lost as Wirral factory Tulip closes .

 

* Up to 280 jobs are going at gas and electrical appliance retailer Apollo 2000 and a sister firm which have gone into administration, KPMG said.

via BBC NEWS | UK | England | Jobs going at electrical retailer.

 

* Landor is in the process of making six redundancies.

- Hiring News

* CLEARWATER, Fla.–(BUSINESS WIRE)–PODS Enterprises has experienced solid business gains, leading the company to hire an additional 116 employees for its Clearwater headquarters and other locations across the U.S. and Canada to accommodate its growth in the moving and storage industry.

via PODS Hiring 116 to Meet Growth Demands.

 

* The United States Census Bureau is looking to hire in our area for the 2010 census.

Officials say they are hiring 80 people total in Steuben, Schuyler and Chemung counties.

via U.S. Census Bureau Is Hiring – WETM 18 Online .

 

* TAIPEI – BRITISH banking giant HSBC Holdings said on Thursday it is planning to hire 200 people in Taiwan to expand its mortgage business on the island.

Mike: As you can see from the above list, it was another tough day in the job loss area. Yesterday may have been an anomaly or I missed plenty of announcements. If you are aware of any layoffs that are not listed here, please drop me a note at mike@layofflist.org, or leave your news in the comments area. Thanks. Till tomorrow ……………………..

 

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Mike: Wednesday started out quiet and remained that way. This has to be the quietest weekday for layoff announcements in a couple of months. If this is a trend, it’s a trend we can all live with.
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Mike: The fine people at The 405 Club (http://www.the405club.com/) are running their first major event on March 25th (4-7pm @ The Galway Hooker Pub) called the PROJECT 405 PARTY. It’s a casual gathering with recruiters, advisers, counselors, and fellow unemployed New Yorkers. So if you are in the NYC area, stop by the event and visit with this fine gathering. Their poster follows. Please pass it along to all that may benefit and be sure to visit http://www.the405club.com/ for additional information.
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Jeff Stahler - Mar 19

Jeff Stahler - Mar 19

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Mike: Wednesday started out quiet and remained that way. This has to be the quietest weekday for layoff announcements in a couple of months. If this is a trend, it’s a trend we can all live with.
-
Mike: The fine people at The 405 Club (http://www.the405club.com/) are running their first major event on March 25th (4-7pm @ The Galway Hooker Pub) called the PROJECT 405 PARTY. It’s a casual gathering with recruiters, advisers, counselors, and fellow unemployed New Yorkers. So if you are in the NYC area, stop by the event and visit with this fine gathering. Their poster follows. Please pass it along to all that may benefit and be sure to visit http://www.the405club.com/ for additional information.
4051
-
* Larger layoff announcements and important economic reports:
US/Canada

International:
  

- Microsoft/Google/IBM and other Rumors & News

 

ibm3* International Business Machines (IBM) may buy Sun Microsystems (JAVA) to bolster its position in the server market. If so, it would end the smaller company’s years of poor management, layoffs, and pain for shareholders.

- General Economic News

 

* MBA Purchase Applications

[Report][Bullet7:00 AM ET

* NEW YORK (Reuters) – U.S. mortgage applications surged in the latest week, driven by a spike in demand for refinancing as the average rate on 30-year fixed-rate home loans fell, the Mortgage Bankers Association said on Wednesday.

via U.S. mortgage applications spike on refinance demand | Reuters .

*Consumer prices rise in Feb. by largest amount in 7 months as gasoline, clothing prices jump
Mike: This should be an entertaining Congressional questioning:
* WASHINGTON (AP) — The head of insurance giant AIG goes to Capitol Hill this morning, where he’ll reluctantly defend millions of dollars’ worth of bonuses doled out to employees despite the company’s need for a $170 billion government bailout. Edward M. Liddy, who took over AIG last fall, says the bonus payments, while “distasteful,” had to be paid.
Mike Luckovich - Mar 17

Mike Luckovich - Mar 17

 

- Municipal News

* CLIFTON PARK The Shenendehowa school district is looking to shed 46 jobs as the nation’s economic problems are even reaching into the normally prosperous suburb.

via Shenendehowa looks to cut 46 jobs -- Page 1 — Times Union – Albany NY.

 

* The Delaware River and Bay Authority will freeze wages, eliminate 14 jobs and cut its donations to local nonprofits this year to cope with the economic downturn, officials decided Tuesday.

via DRBA to freeze wages, cut jobs | delawareonline | The News Journal.

 

* EAGLE POINT — Twenty-eight Eagle Point School District employees received pink slips Monday in preparation for what is expected to be a difficult financial year in 2009-10, employees said Tuesday.

via MailTribune.com: Eagle Point schools to cut 28 workers.

 

* The new school budget, which totals $96,049,345, includes a 2-cent school tax increase and eliminates 11 district positions, all of which are currently filled.

via Millville BOE axing 11 jobs – NJ.com.

 

* ELLENSBURG — Six Kittitas county employees will be out of a job by the end of this month.

via KAPPTV.com.

 

* Mayor Jonathan Weinzapfel said the city will cut 12 jobs. He said most of those will be made by eliminating open positions.

via NEWS 25 – WEHT: Evansville, Henderson, Owensboro.

 

* Last week, the city’s utilities department laid off 15 employees, and six new employees still in their probationary period were let go. Eleven other workers were reassigned within the department. Officials said the cutback is due to lack of work for utility hookups in new homes, not the anticipated $10 million shortfall in next year’s city budget.

- US and some Canada News

 

Mike: I’ve noticed over the last couple of months that a number of these temporary layoffs (2 stories below) have turned into permanent layoffs.

* Signature Aluminum has notified government officials that it is closing its plant in Mercer County by the end of the month, eliminating about 300 jobs.

The company said about 275 workers were already in temporary layoff from the Greenville plant because of a drop-off in orders and the deteriorating economy

via Mercer County aluminum plant closing.

 

* MARATHON, Ont. – Marathon Pulp Inc. told its workforce of about 240 Tuesday that its pulp mill is going bankrupt and won’t be seeking an extended 30-day protection period from creditors.

via Marathon Pulp Inc. closing for good - The Sault Star – Ontario, CA .

 

siemens1* Siemens Energy Inc. is laying off 75 workers in Churchill and throttling back its fuel cell business that was launched by Westinghouse Electric Corp. more than a generation ago.

via Siemens Energy to lay off 75 in Churchill – Pittsburgh Tribune-Review .

 

* Ramtron International Corp. laid off 21 people last week as part of a restructuring to free up cash for manufacturing equipment that will be used in an IBM Corp. plant in Vermont to produce new lines of semiconductors.

* DALLAS — What began as a curtailment several weeks ago ended as a closure Tuesday.

Weyerhaeuser announced Tuesday morning that it is closing its Dallas mill, effective immediately. Workers were notified as they arrived to work at 6 a.m.

via Dallas mill closure puts 78 out of work | StatesmanJournal.com | Statesman Journal.

 

* ICF International Inc., the company that managed Louisiana’s $7.8 billion Road Home program, will cut 516 jobs beginning next week.

* General Motors (GM) will close its assembly plant in Orion Township, Michigan, for three weeks beginning later this month. The Detroit News reports on its website that the plant, which employs 3,200 workers, will close on March 30 and stay shut until April 20.

* Johns Manville, which manufactures glass fibers for gypsum wallboards, is laying off 68 people at its Etowah plant between April 1-30; Eclipse Manufacturing, which makes custom-formed parts for the automotive, recreational vehicle and other industries, is closing its Pikeville facility and laying off 50 people between April 24-May 1, and Clinicient Inc., which offers management software and billing services for physical therapy clinics, is closing its Mountain City facility and laying off 19 people effective April 30.

via Three East Tennessee companies cut 137 jobs : Business : Knoxville News Sentinel.

 

* NEWPORT NEWS, Va. – Hampton Roads latest job cuts are coming from a surprising source. Riverside Regional Medical Center in Newport News just eliminated 23 jobs.

via Job Cuts At Riverside.

 

* WAUPACA — ThyssenKrupp Waupaca, a foundry that employs close to 1,400 people in Waupaca, today announced plans to lay off 160 workers effective April 3.

* ROCHESTER (KTTC-DT) — Crenlo will lay off an estimated 55 more employees at its Rochester manufacturing plants this Friday. The latest cut in the work force at Crenlo follows two other recent layoffs in the past six weeks.

via KTTC Rochester, Austin, Mason City News, Weather and Sports -Ax falling again at Crenlo in Rochester.

 

* Churchill Corp. (TSX: CUQ) is cutting about 30 staff at its Triton industrial construction division and closing its Bonnyville maintenance operation.

via Triton slashes 30 area jobs .

 

* Three positions will be eliminated amidst a reorganization effort in the Central Michigan University Public Relations and Marketing department.

via Three jobs cut from university public relations - News.

 

* Solar energy company Energy Conversion Devices in Rochester Hills plans to lay off 70 workers, slow down production at its Auburn Hills plants and delay hiring new employees at its new Battle Creek solar cell manufacturing facility.

via Solar cell firm to cut 70 jobs | detnews.com | The Detroit News.

 

* Belden Inc. said it will close its Midlothian, Va., manufacturing plant by July, resulting in the elimination of 45 positions.

via Belden to close Virginia plant, eliminate 45 jobs - Forbes.com.

 

* Thermo Fisher Scientific of Fitchburg has cut 22 jobs, reducing its work force of 450.

via WISCONSIN STATE JOURNAL.

 

* The California Redwood Co. and Green Diamond Resource Co. would make significant cuts to their workforce due to continued poor demand for lumber and wood products, as Times Standard informed Lesprom Network.

via Green Diamond and California Redwood cut 85 workers – Lesprom Network.

 

* DuPont has cut its Town of Tonawanda work force by 29 jobs, less than the number estimated by the company when it disclosed its plans for reductions last December.

via DuPont cuts 29 jobs in Tonawanda : Business : The Buffalo News.

 

* Hawaii Superferry officials said they will start laying off employees Friday after the company suspended operations last night.

via Superferry to start laying off employees Friday - Bulletin – Starbulletin.com .

 

* ELGIN, Ore. (AP) – Boise Cascade says it’s curtailing production at its Elgin stud mill, and about 30 workers will be laid off.

via KTVZ.com Central Oregons News, Weather and Sports Leader - Boise Cascade announces 30 layoffs in Elgin.

 

* About 45 Roseburg employees will be laid off indefinitely. The company also plans to lay off 43 employees at its Glendale plywood mill and 24 at its other divisions.

via Swanson Group announces 112 layoffs | The News-Review – NRtoday.com.

 

* Another 17 pink slips were handed out this week at Garlock Sealing Technologies, part of what company officials said is their strategy to get through the economic downturn.

via Layoffs continue at Garlock – Canandaigua, NY - MPNnow.

 

* WestPoint Home Inc., a textile manufacturer in Biddeford, laid off at least a dozen people last week, according to Richard Fifield, director of the Springvale CareerCenter.

via Mainebiz.

 

* WICHITA – ICM sliced its work force by about 25 percent Tuesday when the Colwich-based company announced it was laying off 98 employees effective immediately.

via ICM lays off 98 workers | Wichita Business – Kansas Business | Wichita Eagle.

 

* LENOX — Shakespeare & Company is laying off seven employees, reducing two others to part-time, and instituting a 10 percent pay cut for the remaining 41 year-round staff as part of a restructuring plan to save $900,000.

via Shakespeare & Co. trims staff, salaries – Berkshire Eagle Online.

 

* SACO — Another 180 people are out of work with the closing of Wood Structures Inc.’s manufacturing plant here and its offices in Biddeford on Monday.

via SACO Wood Structures closes up shop.

 

newspaper21* COLUMBUS, Ga. (AP) — The Columbus Ledger-Enquirer in Georgia says it is eliminating 20 positions.

via The Associated Press: Columbus, Ga., newspaper to eliminate 20 positions.

 

* SOUTH KINGSTOWN – APC by Schneider Electric plans to eliminate about 75 jobs at its manufacturing facilities in Rhode Island and transfer another 25

via APC to idle 75 workers, transfer 25 - PBN.com – Providence Business News.

 

* ChaCha, the expert mobile search service we profiled back in 2007 at South by Southwest, has just laid off one-third of its staff (about 25 people) and cut the remaining employees’ salaries,

via ChaCha Lays Off One-Third of Staff - AppScout.

 

* Robert Bosch LLC is planning to shut down some operations at its North Charleston plant for a week during each of the next three months.

via Charleston Regional Business Journal | Charleston, SC.

 

cat7* Caterpillar Inc.’s plant near Jefferson will close by the end of June, leaving its 89 employees without jobs, according to plans the heavy equipment manufacturer announced Tuesday.

via Jefferson plant will shut down |adam.thompson@onlineathens.com.

 

sonoco* HARTSVILLE, S.C.–(BUSINESS WIRE)–Sonoco (NYSE: SON), one of the largest diversified global packaging companies, announced today that it will permanently close its Lancaster, Ohio, uncoated recycled paperboard mill, effective May 16, 2009, according to James Harrell, division vice president and general manager, Paper North America.

via Sonoco Closing Lancaster, Ohio Paperboard Mill.

 

Mike: I hate to see anyone lose a job, but I had the worst flower delivery adventure from FTD that I ever had with any flower delivery company. Lousy customer service and even lousier flowers:

* Flower-delivery company FTD Group’s West Coast owner, citing the slowing economy’s hit to consumer spending, disclosed in a regulatory filing that it is cutting 50 FTD jobs, most of them in the subsidiary’s Downers Grove headquarters.

via 50 jobs cut at FTD — chicagotribune.com.

 

* WAUPACA — ThyssenKrupp Waupaca, a foundry that employs close to 1,400 here, today announced plans to lay off 160 workers effective April 3.

via ThyssenKrupp Waupaca to cut 160 jobs | Postcrescent.com | Appleton Post-Crescent.

 

*More workers from Buchanan Forest Products have received layoff notices, the company’s owners announced.

Included in the layoffs are management, engineering and maintenance staff. More than 40 people have lost their jobs as a result of these layoffs.

via 91.5 CKPR .

 

* The company has announced it will lay off 70 employees by merging work at two Auburn Hills solar-laminate production facilities into one. It will also begin a two-week production hiatus on Sunday.

via Energy Conversion Devices cuts 70 employees - Detroit Business News and Information – Crain’s Detroit Business .

 

* The recent layoffs at St. Mary’s Innovis in Detroit Lakes eliminated 19 jobs, with most of the cuts involving part-time positions.

via Detroit Lakes St. Mary’s Innovis lays off 19 as more put off health care | Park Rapids Enterprise | Park Rapids, Minnesota .

 

* Lynchburg, VA – More layoffs in our area, this time at American Hofmann in Lynchburg. The company’s president tells us 20 people were let go on Friday,

via Layoffs at American Hofmann|ABC 13.

 

* The recession has claimed another victim as Marathon Equipment Co. announced yesterday that it is permanently shutting down its Clearfield operations.

Seventy-one full-time employees work at the factory that manufactures compactors and containers for the recycling industry.

via The Progress News: Marathon Equipment closing; 71 jobs will be lost.

 

- International News

 

* MANILA, Philippines – TDK Fujitsu Philippines Corp. (TFPC), which makes magnetic recording heads for computer hard disk drives, said it laid off 2,000 workers in its Biñan, Laguna facility.

via GMANews.TV – Laguna-based TDK-Fujitsu cuts 2,000 jobs - Business – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA.

 

* UK unemployment has risen above two million for the first time since 1997, official figures have shown.

During the three months to January, the number of people unemployed totalled 2.03 million, up by 165,000, said the Office for National Statistics (ONS).

via BBC NEWS | Business | Unemployment passes two million.

 

* “We have reduced pagination from 42 in July last year to 32 now. So we need to reduce manpower proportionately,” Rao said. DNA employs 850 people across five editions—Mumbai, Bangalore, Pune, Ahmedabad and Jaipur.

via DNA To Cut 30-35 Jobs; Revenues Grew 24% Y-O-Y, Says CEO Rao | contentSutra.com .

 

* Christchurch-based water jet manufacturer CWF Hamilton said yesterday it had chosen 28 of its 218 workers for redundancy based on the skills needed by the business. All those made redundant had been permanent employees.

via Redundancies ‘based on skill’ - Business – NZ Herald News.

 

* Eight people have been made redundant from a long-established Dereham law firm.

Hood Vores and Allwood Solicitors, which has offices in Dereham and Aylsham, this week announced the redundancies which were finalised at the end of last week.

via Dereham Times - Law firm makes eight redundant .

 

* March 18 (Bloomberg) — Sony Corp., the world’s second largest consumer-electronics maker, plans to cut jobs in the U.K. as part of its reduction of 8,000 full-time positions globally at its electronics operations.

via Sony Plans U.K. Job Cuts as Part of Global Reduction of 8,000 – Bloomberg.com .

 

* Telstra is to cut 150 jobs from its Sensis unit, the Community and Public Sector Union said today in an e-mailed statement.

via Telstra to cut 150 jobs at Sensis, says union : thewest.com.au.

 

* The Sunrice company owned by Riverina and Murray ricegrowers says it is having to do further downscaling and 36 jobs are being cut.

via Sunrice cuts 36 jobs - ABC News (Australian Broadcasting Corporation).

 

* In total, 130 staff at Panasonic Semiconductor Asia will be laid off, according to executive secretary of the United Workers of Electronics and Electrical Industries Halimah Yacob. While the bulk are rank-and-file workers, 30 are from the ranks of professionals, managers, executives and technicians. About 50 are foreigners.

via TODAYonline.

 

- Hiring News

* Owings Mills, MD (PRWEB) March 18, 2009 — While many jobless Americans are drowning in debt with limited prospects for employment, American Pool Enterprises, Inc. is throwing out a life ring by hiring 3,300 employees during this current economic crisis. Offering flexible hours and full and part-time positions, the company hopes to help those in need of work by providing a rewarding job opportunity. Employment as a lifeguard is available to anyone at least 15-years-old who becomes certified by a nationally recognized program. American Pool Enterprises, Inc. offers free training and certification to all its employees.

via American Pool Enterprises, Inc Makes a Splash by Hiring 3,300 Employees During Recession.

 

Mike: This was a very quiet Wednesday and I hope it continues. While there were a number of smaller layoff announcements, the larger announcements were missing. For those of you who lost jobs today, I wish you good fortune in finding another. Maybe business are rethinking their layoff planes, but it’s only been one day. I guess I have a bit of optimist in me today! Till tomorrow……………..

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Tom Toles - Mar 18

Tom Toles - Mar 18

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