March 19 – New jobless claims fall to 646,000 – Record 5.47 million continue to receive unemployment – RBS looks to axe 2700 UK jobs – CAT to lay off 800 more workers in Aurora – Pacific Capital Bancorp sheds 300 – MeadWestvaco to shut two plants, cut 278 jobs – Citi may spend $10 million for office updates – NYC Hospital System to Cut 400
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.
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.
- CAT to lay off 800 more workers in Aurora
- Caterpillar layoffs will hit 289 at Georgia plants
- Pacific Capital Bancorp Announces Plan for 22% (300) Reduction
- Publisher Crain Lays Off 150
- Graco to cut 180 jobs
- MeadWestvaco to shut two plants, cut 278 jobs
- -ATS Automation cuts 240 jobs
- Citigroup May Spend $10 Million for Executive Suite
- City Hospital System to Cut 400 Jobs
- Microsoft/Google/IBM and other Rumors/News
General Economic News
US and some Canada Layoff News
– 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.
* 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.
8:30 AM ET
10:00 AM ET
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.
10:00 AM ET
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.
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.
* 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.
* The Stark County Board of Mental Retardation and Developmental Disabilities has delivered layoff notices to 11 of its adult workshop specialists.
* 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.
* IRONTON — Six employees with the Lawrence County Department of Job and Family Services will be laid off April 6.
* 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
* 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.
* 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.
* 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.
* 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.
* 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., 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.
* 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.
* 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.
* 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.
* Hoping to save some $10 million a year, Cerus Corp. will lay off 31 people, or nearly a third of its workforce.
* 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.
* 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.
* The company would not give specific numbers, but we’ve been told by other sources that 158 workers will be laid off.
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* The American Red Cross of Summit and Portage Counties laid off 10 paid employees this week.
* 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.
*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.
* 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.
* IOLA, Kan. (AP) — Industrial and automotive products maker Gates Corp. is laying off 68 more workers at its Iola plant.
* Company officials say more than 20 people are being laid off. Click the video link to the right for more on this developing story.
* 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
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
*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.
* 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.
* 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.
* 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.
* 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.
* ATS Automation Tooling Systems Inc (ATA.TO) said on Thursday it will cut its workforce by around 240 people to adjust to lower demand.
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* Acciona Windpower plans to cut employment by 58 at its West Branch facility in response to slackening demand for wind turbines.
* 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.
* INDIANAPOLIS — Indianapolis financial services provider OneAmerica has cut 114 jobs and adjusted non-salary expenses because of the economy.
* 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.
* Berkeley’s famed Claremont Resort & Spa will lay off 77 workers.
* 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.
* 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.
* 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.
* 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.
* 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.
* New Zealand based infrastructure consultancy Opus is planning to cut its British workforce of 360 by 75.
* Sources inform ”Globes” that Zim Integrated Shipping Services Ltd. will shortly send 70 employees over the age of 50 on early retirement.
* 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.
* A MEAT processing factory in Wirral will close and cost 300 workers their jobs.
* 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.
* Landor is in the process of making six redundancies.
* 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.
* 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.
* 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 email@example.com, or leave your news in the comments area. Thanks. Till tomorrow ……………………..
- Microsoft/Google/IBM and other Rumors/News
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* ELLENSBURG — Six Kittitas county employees will be out of a job by the end of this month.
* Mayor Jonathan Weinzapfel said the city will cut 12 jobs. He said most of those will be made by eliminating open positions.
* 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.
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
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* Churchill Corp. (TSX: CUQ) is cutting about 30 staff at its Triton industrial construction division and closing its Bonnyville maintenance operation.
* Three positions will be eliminated amidst a reorganization effort in the Central Michigan University Public Relations and Marketing department.
* 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.
* Belden Inc. said it will close its Midlothian, Va., manufacturing plant by July, resulting in the elimination of 45 positions.
* Thermo Fisher Scientific of Fitchburg has cut 22 jobs, reducing its work force of 450.
* 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.
* 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.
* Hawaii Superferry officials said they will start laying off employees Friday after the company suspended operations last night.
* ELGIN, Ore. (AP) – Boise Cascade says it’s curtailing production at its Elgin stud mill, and about 30 workers will be laid off.
* 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.
* 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.
* 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.
* 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.
* 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.
* 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.
* COLUMBUS, Ga. (AP) — The Columbus Ledger-Enquirer in Georgia says it is eliminating 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
* 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,
* 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.
* 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.
* 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.
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.
* WAUPACA — ThyssenKrupp Waupaca, a foundry that employs close to 1,400 here, today announced plans to lay off 160 workers effective April 3.
*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.
* The recent layoffs at St. Mary’s Innovis in Detroit Lakes eliminated 19 jobs, with most of the cuts involving part-time positions.
* 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,
* 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.
* 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.
* 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).
* “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.
* 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.
* 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.
* 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.
* Telstra is to cut 150 jobs from its Sensis unit, the Community and Public Sector Union said today in an e-mailed statement.
* The Sunrice company owned by Riverina and Murray ricegrowers says it is having to do further downscaling and 36 jobs are being cut.
* 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.
* 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.
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……………..
Mike: As you can see from the stories below, there is little reason to not understand why a university education now costs upwards of $40,000 per year. These types of actions are not reserved for Clemson alone and likely happen throughout the country in the salary bloated halls of university administrations.
When the higher ups of these universities chop job benefits and salaries (furloughs) at the lower levels and then raise their own pay at the same time, you know that the corruption once reserved for the like of banks, investment banks, insurance companies and other major corporations has now made it’s presence felt in the major university. Some of the yearly raises mentioned are enough to have covered the entire salary of two or three full-time employees. And I love the headline: Top Clemson administrators defend pay hikes amid cutbacks. What are these people expected to do, admit their pay hikes are a mistake during times when others are losing their jobs or having their benefits cut? These administrators will certainly eat their own to receive a salary increase and they aren’t ashamed to justify their feast:
* The raises for top administrators at Clemson who got double-digit pay increases ranged from 12.1 percent to 32.8 percent. None of the administrators receiving the raises earned less than $150,373 in 2006.
One, vice president and provost Dori Helms, saw her pay jump over the past two years by $66,791, an increase of 32.8 percent. Clemson records show that Helms was earning $270,389 on Oct. 1, 2008.
Several top officials at USC also received double-digit raises between Oct. 1, 2006, and Oct. 1, 2008. But fewer top administrators at USC got large pay increases during that time……
Margaret Lamb, director of media relations at USC, said the raises “reflect a variety of personnel actions,” which include paying for outstanding performances, re-tention and salary adjustments for those who have taken on multiple jobs or those with increased re-sponsibility.
Mike: I also find the following statement amusing. It reminds me of the AIG debacle that is currently in the headlies. AIG feels they are obligated give bonuses to their employees even though the company has lost billions of taxpayer dollars, but they will cut bonuses in the coming year. Why not cut bonuses now, or in the case of Clemson, whynot cut those outrageous salary increases in the face of a dramatic economic downturn?
“Going forward, all expenditures are being and will be scrutinized,” she said. “Salaries certainly will be a part of that.”
Mike: Clemson is faced with cutting costs to meet a reduced state budget, yet it still has the money for those top-tier raises:
Clemson is one of a number of state higher education institutions that has seen its budget cut in the 2008-2009 fiscal year. The state, facing a decline of $1 billion in its original $7 billion budget, has ordered cuts totaling $38 million to Clemson’s budget, Barker said.
Mike: And the cuts demanded include five days of unpaid furlough. So there you have it. Clemson administrators are receiving large salary increases at the same time that the state is cutting support and these same administrators are demanding furloughs of underlings. Quite the gig if you can get it:
Employees in full-time or part-time full-time equivalent (FTE) positions are eligible for the Voluntary Furlough Program. It will allow any employee to request up to 90 calendar days of leave without pay — in addition to the five-day mandatory furlough — by June 30. Approval is required.
- Caterpillar lays off 2,454 workers in 3 states
- UTC: 2,000 To 3,000 Conn. Jobs At Risk If Pentagon Cancels F-22s
- Dana to cut 800 more jobs
- Update: Kaiser to cut 860 information technology jobs
- CBC layoffs of 600-1200 nearly certain
- PotashCorp lays off 940 (temporary)
- New-home construction logs unexpected gain
- Weyerhaeuser sets more plants closings, 307 job cuts
- Microsoft/Google/IBM and other Rumors/News
General Economic News
US and some Canada Layoff News
* Members of the Service Employees International Union Local 6 demonstrated at Microsoft’s Redmond campus for a second day Monday. Their gripe is not with the software giant but with a subcontractor, SBM Site Services of Sacramento, Calif., which was awarded the custodial contract in December to clean buildings at the corporate campus.
* Microsoft Corp. will deliver a release candidate of Windows 7 to the public in late May, according to a report from a noted Windows Web site.
Windows 7 Release Candidate (RC), the next slated major milestone for the under-development operating system, will be made available to the public the last week of May, said Neowin.net today.
* Pali Research analyst Rich Greenfield says “sizable layoffs” are coming to Fox Interactive. Mostly this has to do with Google being unlikely to renew its search deal with the News Corp. (NWS) property when it expires in 2010.
ICSC-Goldman Store Sales
7:45 AM ET
* U.S. retailers had a rough time in the week ending March 14, according to a survey from ICSC, which pointed to less spending compared to the previous week.
The ICSC-Goldman Sachs survey reported that chain store sales fell by an annual pace of 1.4%, compared to the previous week’s 0.9% contraction. On a weekly basis, sales fell 0.1%, partially reversing the previous week’s 0.2% increase.
The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists were expecting construction to drop to a pace of around 450,000 units.
February’s pickup was led by a big increase in apartment construction.
By region, all parts of the country reported an increase in overall housing construction, except for the West, which led the housing boom and has been hard hit by the bust.
* While gains in starts are certainly more encouraging than declines, today’s numbers should be taken with a grain of salt. Seasonal factors are large during winter months and it does not take much to jack up the adjusted numbers. And this likely was the case-especially with the volatile multifamily component taking the lead. January was not as weak as many believed and February is not as strong as suggested by the headline.
* March 17 (Bloomberg) — Chairman Ben S. Bernanke and Federal Reserve policy makers may have to ramp up their purchases of mortgage securities and other assets after the economy and job market deteriorated further since they last met.
The Federal Open Market Committee, gathering today and tomorrow in Washington, needs to redouble its efforts after the central bank’s balance sheet shrank 17 percent from a $2.3 trillion December peak, Fed watchers said. The retreat came even as Bernanke acknowledged the chance that the unemployment rate will exceed 10 percent for the first time in a quarter century.
* NEW HANOVER COUNY, NC (WECT) – More than two dozen people in New Hanover County will lose their jobs Tuesday in an effort to save the county $1.6 million.
* Declining tax revenue caused by the recession was cited as the main reason for eliminating 29 positions at Grayslake Elementary District 46 for the 2009-10 academic year.
* Of those employees, 106 are teachers, librarians and other certified personnel. Cutting them will save the district $6 million in salaries and benefits, according to Vickie Nissen, assistant superintendent for finance. The rest are office workers, custodians, aides and the like.
* PITTSBURGH (AP) — Caterpillar Inc. announced a fresh round of job cuts Tuesday, laying off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy equipment maker continues to cut costs amid the global economic downturn.
In the latest cuts, the Peoria, Ill.-based company said 2,365 support and management workers had been laid off for at least six months and 89 workers had been let go permanently. Some 245 of the 2,365 layoffs had been announced previously.
Among the affected workers are 1,726 people at plants in East Peoria and Aurora, Ill.; 439 at a plant in Lafayette, Ind., and 289 in Jefferson and Griffin, Ga.
* Caterpillar Inc., gearing down production even further in response to still-eroding global demand, disclosed plans Tuesday to idle an additional 2,454 U.S. workers, including 1,726 in Illinois.
* LAFAYETTE, Ind. – Caterpillar Inc. is laying off more than 400 employees at an Indiana engine plant for at least six months.
* PONTIAC, Ill. – Caterpillar Inc. has instituted rolling layoffs at its Pontiac plant. The move allows the heavy equipment maker to furlough the entire work force for a time while remaining in operation.
* Connecticut could lose between 2,000 and 3,000 jobs, mostly at United Technologies Corp., if the Pentagon cancels production of the F-22 fighter jet, UTC said Monday.
* Slumping auto output in North America, where Dana gets almost 50% of its revenue, dragged the company to a fourth loss since its bankruptcy exit on Feb. 1, 2008. Dana will eliminate more than 5,800 jobs by the end of this year, up from 5,000 announced Nov. 6, the company said in a slide presentation.
* Update: But the agreement with IBM puts 700 Kaiser jobs in jeopardy at data centers in California and Maryland. Phil Fasano, chief information officer for Kaiser Permanente, said a good portion of those workers could become IBM employees. “Forty percent of those will find jobs in IBM during a transition period of six months,” Fasano said.
In a separate action, Kaiser is eliminating an additional 160 information technology jobs scattered across 30 locations as it pares back spending due to the impact of the economic downturn.
* The Oakland-based health maintenance organization says it will eliminate 275 jobs locally as part of a nationwide move to have IBM Corp. manage some of its data centers.
* Weyerhaeuser Co (WY.N) said on Tuesday it would close two lumber mills, cutting 307 jobs, in the latest in a series of plant shutdowns in the wood products industry due to the weak housing market.
* In a wide-ranging interview with Sun Media, Heritage Minister James Moore also said CBC layoffs were nearly certain and expected 600 to 1,200 people across the country would lose their jobs.
* SASKATOON — Potash Corp. of Saskatchewan Inc. has issued 940 temporary layoff notices to employees at its Lanigan, Allan and Rocanville operations, the result of a new cutback in potash production.
via PotashCorp lays off 940 .
* Publisher Mi-Ai Parrish tells NewsChannel 7 the paper will cut ten percent of its workforce – or 25 jobs.
* The United Way for Southeastern Michigan is cutting 43 positions and trimming aid to the nonprofit agencies it supports due to a dramatic drop in revenue.
* Faced with reduced state funding in the upcoming two-year budget, the Ohio Historical Society is eliminating 25 full- and part-time employees and reducing hours at a number of its sites.
* Merkle Inc. laid off 34 workers Monday, resulting from its banking and financial services clients scaling back on marketing.
* SPENCER, Iowa – The RR Donnelley printing plant in Spencer has closed, eliminating 160 jobs.
The plant shut down on Friday, about 2 months after the Chicago-based company announced the closing because of the economic downturn.
* WINONA, Minn. – TRW Automotive plants in southeastern Minnesota and southwestern Wisconsin are announcing more layoffs.
TRW spokesman John Wilkerson says a total of 42 salaried employees at plants in Winona, Minn. and Ettrick, Wis., and Galesville, Wis., were let go last Thursday.
* More bad news in the newspaper industry: The Tacoma and Olympia newspapers both announced layoffs Monday.
The News Tribune of Tacoma is reducing its staff by 30. The Olympian is cutting 15 positions. Jobs will be lost in all areas of the newspapers, including the newsroom. The two newspapers are owned by The McClatchy Co.
* Turner Broadcasting System has laid off about 60 employees, a company spokeswoman said Monday.
The cuts were made sporadically over the past few months in various departments, including CNN, Cartoon Network, TNT, human resources, corporate communications, research, information technology and advertising sales, spokeswoman Shirley Powell said. They represent less than 1 percent of Turner’s 10,000-person work force.
* Facing a decline in investments and donations, the American Red Cross of Summit and Portage Counties said today it will lay off employees.
Ten employees from the chapter’s 35-member staff are losing their jobs, effective today.
* Two employees were laid off from KTVB Channel 7 on Monday as part of a company-wide staff reduction announced last week by the Belo Corporation, said KTVB General Manager Doug Armstrong.
* Airplane maker Hawker Beechcraft’s promised layoffs struck Salina Friday as 41 workers were notified that they were losing their jobs.
* Because of the two closings, about 23 teachers, four administrators and principals and six school workers were be laid off at the end of the school year.
via INFORUM | Fargo, ND .
* Timken Canada’s St. Thomas plant is shutting down for two weeks and worries are escalating more downtime may loom.
* Lexington Precision Corp. will shut down its facility here, putting 150 out of work. The closure is expected to start at the end of May and take several weeks, according to a notice filed with the state of Ohio.
* Yet an unexpected thing happened: so few people applied for the Minot jobs that the Tampa-headquartered company will have to close the call center on May 10 — a cutback by Sykes that will result in 200 people losing their jobs.
* Confronted with a larger-than-anticipated deficit, the Writers Guild of America, West plans to cut as many as 20 positions from its payroll by the end of the month.
* The Port of Portland, a big employer that runs the port and the airport, expects layoffs as the global economic crunch clobbers transportation.
* The Belleville News Group is eliminating 30 jobs and reducing salaries at the News-Democrat and its weeklies, President and Publisher Jay Tebbe announced Monday.
* CLARKSVILLE, Tenn. – Several employees at Clarksville Gas and Water have been told they would lose their jobs at the ends of month.
Fifty-five people who have worked for the utility and watched the economy fall apart around them, are now part of that collapse.
* Corning Cable Systems will permanently close its production facility at 1928 Main Ave. in Hickory. The move will affect 208 workers, according to a company filing with the N.C. Department of Commerce.
Mike: Below is another company that refuses to give layoff totals. They should be forced to disclose layoff numbers:
* Mike Infante, a bank spokesman in Blairsville, said United Community reduced its work force company-wide, including at the corporate level. He declined to say how many employees were let go. The workers were told of the layoffs last week.
* The company laid off about 16 percent of its U.S. work force — roughly 90 people — on Thursday as part of a restructuring. These layoffs come on the heels of a 12 percent cut, or 78 workers, who were let go over several weeks in late 2008 as the company vacated some of its leased space at Corporate Woods in Brighton.
* AIG last week laid off six information technology employees in its Amarillo offices, a company spokesman confirmed Monday.
* BRADENTON — The Bradenton Herald will eliminate 15 full-time positions, and most of the remaining staff will see their salaries reduced as part of the company’s expense reduction plan.
* Universal Brixius Inc., a Milwaukee contract manufacturer, permanently laid off 14 employees on March 13 after a reduction in orders by a major customer.
* MITCHELL, S.D. (AP) One of the largest private employers in Mitchell is making another round of job cuts.
Trail King Industries announced Monday it will lay off 75 workers.
* New Britain-based Stanley Works is cutting 36 jobs at its hand tools manufacturing facility in New Britain, the company announced Tuesday.
* Dutch insurer Eureko [EUREK.UL] said on Tuesday it would cut 2,500 jobs by 2011 in order to reduce its cost base by 300 million euros after confirming a net loss of 2.1 billion euros ($2.7 billion) over 2008.
* Nokia Corp. (NOK: News ) announced further actions it is taking in Devices and Markets units and also in its Corporate Development Office and global support functions. The company said it expects these plans to affect nearly 1,700 employees globally. Further, Nokia stated that it continues to seek savings in operational expenses.
* HELSINKI (Reuters) – The world’s top cellphone maker Nokia Oyj said on Tuesday it would slash 1,700 jobs globally across several units over the coming few months as part of its major cost cut drive.
* Konkola Copper Mines, Zambia’s largest copper mine, is planning to cut 1,321 jobs next month as a cost cutting measure as it continues to suffer the effects of the global economic downturn, the president of Mines Union of Zambia told Dow Jones Newswires Tuesday.
* According to data by the Labor Inspection in the district city, 300 workers from the wagon repairs factory in Septemvri will be laid off by the end of April, while 196 employees will be discharged by the Panagyurishte company “Asarel-Medet” by May 20.
* Some 330 employees of Sauer-Danfoss are to be laid off, according to JydskeVestkysten in a report that has not yet been confirmed by the company.
* Its demise follows news the Clifton Wool Scour plant near Invercargill will close, leaving up to 40 people out of work, while 56 workers have been axed from their jobs at West Otago sawmill Blue Mountain Lumber.
* Denton Wilde Sapte has finalised the details of its redundancy programme, with the firm confirming the loss of 76 jobs, including 37 fee earners.
* AstraZeneca Plc (AZN.L) is considering cutting 120 jobs in Germany, or just over 9 percent of its staff in the country, the drugmaker’s German unit said on Tuesday.
* In fact, DECC officials said Monday that the project will put about 300 local, union construction people back to work over the next 19 months. Pykkonen said many construction workers’ outlook are grim but he is optimistic with projects like these.
* A contract manufacturing company has moved offices to Durham from Morrisville and plans to double in size by adding 25 workers in the coming years, according to the Greater Durham Chamber of Commerce.
Mike: More news as the day develops……………….
Tags: COBRA, cut jobs, economic, employment, factory closing, hiring, job loss, jobs cut, laid off, layoffs, plant closing, positions eliminated, redundancies, staff cuts, unemployment, workforce reduction