Mike: Happy Friday the 13th to all. In these economic times it’s job loss that you have to worry about, not the black cat. Today ended up being a relatively quiet day for larger layoffs, but that’s no consolation to those who did lose their jobs this day.
Mike: First let me say that I find most elected Democrats spineless worms and most elected Republicans hypocritical buffoons, so this isn’t a slam about a party. And please don’t sic Rush on me, since I am merely a humble blogger trying to bring my readers some news.
The following is a rather lengthy rant against a grandstanding governor that finds it politically advantageous to deny expanded unemployment benefits for the citizens he governs even though unemployment is rising and the state’s unemployment funding is running low. Oh, and let me not forget that his state has the highest number of homeless children in the country, which is rising due to unemployment!
The stories below show just how confused is TX governor, Rick Perry. Seems that Mr. Perry doesn’t want the extra unemployment benefits that are part of the stimulus package. Yet he is gleefully accepting the remainder of the stimulus funds that will be aimed at giving businesses millions in federal dollars, but he won’t accept funds for those that were laid off by those same businesses. Many businesses will gladly use the largess of the federal funding to increase their salaries and pay bonuses to executives, but when those funds are directed to the unemployed, the governor thinks it’s a bad idea. Sure, businesses can create jobs, but unemployment benefits help those that can’t yet find a job. To see how senseless the governor’s foolish stubbornness is, see the story titled Texas ranks worst for homeless children. The TX governor doesn’t seem to see a connection between the state’s increasing number of homeless children and unemployment benefits being exhausted. I can only conclude that he’s comfortable with an increasing number of homeless children, but is damned set against a better funded unemployment package, which will likely keep more children in their home until the economy improves.
Mr. Perry will take federal money for road work, which demands that states have laws regarding seat belts and speed limits, but if the feds want to mess with unemployment he brings up the lame excuse of federal interference. Governor, take off that over-sized Stetson and take a look at how your decision to refuse improved unemployment funding affects the citizens and especially the children of your state. The bottom line is that Mr. Perry appears more concerned about a conservative business mantra than conserving the well being of children and families during this time of financial crises. Here are the stories that need to be considered, Mr. Perry:
* HOUSTON – Texas Gov. Rick Perry on Thursday rejected $555 million in federal stimulus money that would expand state unemployment benefits, saying the money would have required the state to keep funding the expanded benefits after the stimulus money ran out. Perry, an outspoken critic of President Barack Obama’s $787 billion stimulus bill, did accept most of the roughly $17 billion slated for Texas in the plan.
But he said the requirements attached to the federal stimulus money would require a change in the state’s definition of unemployment, expanding coverage to more people and placing more of the state’s tax burden on employers.
Mike: At least there are a few Texans that are thinking clearly, but it’s unfortunate that they don’t hold sway:
* • Sen. Leticia Van de Putte, D-San Antonio, responded to Perry’s refusal of funds for the unemployed by saying the decision will harm Texan families.
“Gov. Perry’s decision will harm many Texas families. With 26,000 Texans filing new unemployment claims each week, Texans need help now. I am amazed that Gov. Perry would put partisan interests above the interest of already unemployed Texans and those who will unfortunately lose their jobs due to the economy.”
Mike: Here we have a TX county that is seeing its unemployment rate spike to decade high levels, yet Mr. Perry is adamant about not taking federal funds for unemployment:
*AUSTIN – Texas is blowing through its unemployment insurance trust fund, making a tax hike for employers almost a certainty next year, officials said Tuesday.
The state paid $64 million in benefits last week, more than twice as much as in the same week last year, Texas Workforce Commission administrators told a special House panel studying the federal stimulus package.
Larry Temple, the commission’s executive director, testified that the trust fund is expected to have just $48 million on Oct. 1, when it is required by law to have $860 million.
“We’re going to have some tax increases,” he said.
Mike: And here is a little more some common sense from TX:
* Political theater is being played out in Austin at the expense of people who are hurting.
Gov. Rick Perry has yet to say whether he will accept $555 million in stimulus money to assist the unemployed.
Simply put, we are about to see if ideology trumps human need. We are about to see if Texas again leaves federal money on the table, dollars other states gladly will take.
First, let’s point out why the stimulus money is there. OK, it’s self-evident. We’re facing the worst economy since the Great Depression.
Mike: In conclusion, it’s amazing to me that political types like Perry use the unemployed as a foil against the notion of federal intrusion into improved unemployment benefits. Congratulations, Mr. Perry, you won that battle against the have-nots, but then again, your foe doesn’t have much of a lobby presence at the statehouse:
* A new study is showing Texas is the worst in the United States when it comes to the number of homeless children. Whether layoffs or pay cuts, it seems some families just can’t seem to find a way out of financial problems.
The numbers of homeless here in Laredo is also on the rise.
According to that study, 5 percent of children living in Texas are homeless and even local shelters are beginning to see more families looking for help.
Mike: I think Colbert has the right idea: )
- Sportsman’s Warehouse to cut 2000
- Roche-Genentech Takeover Will Cost 1,500 Jobs in N.J.
- Sunoco to cut 750 salaried jobs
- Advanced Energy announces 330 layoffs
- Sea Ray lays off 140
- Freightliner soon to cut over 2,000 area jobs (previously announced)
- Roche acquisition will lead to 400 job cuts in Nutley
- Microsoft/Google/IBM and other Rumors/News
General Economic News
US and some Canada Layoff News
* Meanwhile, last week Google just announced it’s stepping up its free Google Health medical records service, which launched in May, by allowing patients to share records with friends and family. Records include everything from lab test results to prescriptions. Additionally, Google also just revealed that it’s pairing up with fellow tech powerhouse, IBM, for a software that enables people, like diabetes patients, to transfer data from glucose meters and other personal-health monitoring products directly to their Google Health records.
* The iPhone 3.0 countdown is officially on: Apple has announced plans to reveal the next generation of its iPhone operating system at a media event next Tuesday. While the company’s keeping up its usual wall of mystique, we’ve compiled a list of some of the most discussed features users want to see. I’m no psychic, but some of these seem to be shoo-ins for inclusion — and maybe the St. Patrick’s Day unveiling will bring a little Irish-style luck for your favorite feature.
* At least 200 people. That’s the best gauge of the depth of IBM’s secretive mass layoff at the Essex Junction microelectronics plant announced at the end of January.
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* Uncle Sam’s vaunted reputation as a boss who offers secure jobs to his workers is taking a hit from an Internal Revenue Service decision to lay off more than 1,400 employees, even as it plans 1,000 additional hires.
* OTTAWA, March 13 (Reuters) – Canada’s economy lost more jobs than expected in February as the global downturn triggered widespread layoffs, another sign the country’s recession may be more severe than many previously thought.
Statistics Canada said net job losses totaled 82,600 in the month, compared with forecasts for a decline of 52,500. It was the fourth straight month of declines.
* WASHINGTON (Reuters) – Independent stores and local businesses are closing up shop across the United States as the recession hits American cities’ main streets, the National League of Cities reported on Thursday.
Calling the trend a “retail meltdown,” the group said that in three out of five cities at least one local retailer has shut down in the past year.
* More than 400 teachers, counselors and special-program instructors will receive pink slips this week as the Capistrano Unified School District grapples with a $25 million budget shortfall for 2009-2010.
* The school board voted Wednesday to approve reduction-in-force layoffs for two program assistants, seven part-time teachers and nine full-time teachers. A community and business liaison was also not rehired for next year due to uncertain state and federal funding.
* Easterwood estimated that 12 to 15 state parks employees were laid off during the winter. The system is delaying hiring spring and summer seasonal help for as long as possible, he said. Very few full-time positions are being approved.
* TAMPA – The city plans to lay off another 20 employees over the next several months.
* Sportsman’s Warehouse will shutter 23 of its stores nationwide — including all three of its Minnesota outlets — as the Midvale, Utah-based retailer struggles to reduce debt.
Stores in Woodbury, Coon Rapids and St. Cloud will close in the next 60 days after completing liquidation sales, according to Stu Utgaard, chairman. About 200 employees in Minnesota will lose their jobs out of about 2,000 job cuts companywide, he said.
* Sportsman’s Warehouse of Utah will liquidate its Rogers store and 22 others and intends to sell 15 more stores to a Canadian cooperative, according to a notice posted on the company’s Web site late Tuesday.
* The Roche takeover of Genentech will cost 1,500 jobs in New Jersey as sales and marketing positions are axed there. R&D staff look more secure, according to the Star-Ledger. The company will also change its name to Genentech.
* Sunoco Inc. announced today that it will reduce its salaried workforce by approximately 750 positions in 2009, which represents about 20 percent of the workforce, in a move expected to save more than $300 million by year-end 2009.
* In January, the company said it would cut over 2,100 jobs due to sagging sales. The cuts will come from plants in Mount Holly — some 600 people — and Gastonia — some 275 people — in Gaston County and from the plant in the town of Cleveland – some 1,300 people — in Rowan County.
* More layoffs plagued Fort Collins today as Advanced Energy Industries Inc. announced it will be cutting 330 employees worldwide, which equates to 22 percent of its workforce.
Of that 330, 104 employees in Colorado will be losing their jobs. There are still 450 employees working locally for AE, said Lawrence Firestone, AE CEO.
* NEW YORK – United Technologies Corp. will cut about 1,500 jobs in Connecticut in 2009, or about 6 percent of its workforce in the state, Chief Executive Louis Chênevert said in an interview Thursday.
* Boston College is freezing some salaries and eliminating some administrative positions after its endowment dropped by 25 percent in the past six months, according to a letter by the college’s President William P. Leahy.
Non-salary operating expenses will be cut by 2 percent. An unspecified number of open administrative jobs will be cut, which is expected to generate about $1.5 million in savings, the letter to the college community said.
* DENVER – The owner of the Denver Nuggets, Colorado Avalanche and the Pepsi Center has announced it is laying off workers because of the economic downturn.
Kroenke Sports Enterprises executive vice president Paul Andrews wouldn’t reveal the number of employees let go because Kroenke Sports is a private company.
* PORTSMOUTH, N.H. (AP) – PC Connection has laid off more than 60 workers in New Hampshire, citing poor sales since the economic downturn.
* GREENWOOD, Miss. (AP) — Viking Range Corp. has laid off 87 more employees, bringing the total since April to 213.
Wednesday’s layoffs were the fourth round for the maker of upscale kitchen appliances since last April. The company let 57 workers go last month.
* FARGO, N.D. – The Forum says it is eliminating 25 more full-time jobs and the Grand Forks Herald is cutting eight.
* In recent months, New York’s Metropolitan Museum of Art has shuttered a third of its 23 retail stores around the country, including outlets in Century City and Pasadena, citing faltering revenue amid the nation’s economic crisis. Today the museum announced additional cuts in full- and part-time merchandising staff, bringing the total positions lost to 127.
* Law firm Blank Rome said Thursday it has laid off 27 associates and 52 support staff.
* Sidley Austin, one of Chicago’s top-tier law firms, laid off 89 lawyers and 140 staff employees in its U.S. offices Thursday, according to an internal firm memo the Tribune obtained.
* An Auburn auto-parts manufacturer says it’s laying off 152 workers. That’s half of Formed Fiber Technologies workforce, according to the Lewiston Sun Journal.
* Sea Ray was hit again by the struggling economy on Thursday. The Knoxville plant laid off 70 employees, and the Riverview plant let go another 70 people, according to Brunswick, Inc. spokesman Dan Kubera.
The watercraft company did file warn notices with the state. The notices, which were filed Feb. 2, said the Riverview layoffs began March 9 and end May 30. Three-hundred workers would be affected. Sea Ray Vonore layoffs began Jan. 9 and affect 118 employees.
* Longtime Simpson College Sports Information Director Matt Turk was one of three Simpson employees laid off recently in what officials called a staff reorganization.
College officials do not plan to fill the sports information director position. Two additional full-time employees were laid off in the past two weeks, but their positions will be replaced, said Simpson College President John Byrd.
* lso, 32 full- and part-time positions will be eliminated when the childcare center at St. Vincent — which provides service to 60 families of employees or past employees — merges with a similar center at sister hospital St. Mary’s Hospital Medical Center after the school year ends.
* Fry’s Food Stores laid off about 90 Arizona grocery workers Thursday in response to the deepening economic recession.
* U.S. Steel said today it is idling more production at its Clairton coke plant, citing continuing weak demand. The company did not say how many workers will be laid off.
The move follows last week’s announcement that about 1,500 workers at two of the steel producer’s Canadian mills would be laid off.
* You know times are tough when Big Bird and Cookie Monster can’t catch a break. Sesame Workshop, the non-profit producers of Sesame Street and other children’s programs will be eliminating 67 of its 355 staff positions, the New York based company announced today.
* ELLUS Health Inc. (TSX: BLU) disclosed that it has reduced its workforce by approximately 45%, effective immediately. The company did not disclose the number of employees that were laid off. As at December 31, 2007, BELLUS employed 170 people.
* The 15 to 20 people who will lose their jobs, were notified of the decision two weeks ago.
* Roche may shed more than 400 jobs next year at its Nutley office campus in the wake of its announced $47 billion acquisition of Genentech, a gene-based drug company.
* A German-based maker of juke boxes and vending machine equipment has announced it is closing its Gurnee, Ill. plant and shifting operations to Trumann, the American home of Baldwin Piano.
* Geiger International Inc., a Lake Mills manufacturer of office sofas and chairs, plans to lay off 34 employees by May 11.
* The company, which cut about 90 positions, said the restructuring would allow the company to operate for the next two years without additional equity financing.
* A company spokesman says the layoffs were made in an effort to manage costs and remain competitive in today’s market. Employees were informed of the layoffs Wednesday. There are currently 465 employees working at the Youngstown facility.
* The Forum, facing deteriorating economic conditions, announced Thursday the elimination of the equivalent of 25 full-time positions.
* Imperium Renewables, the Seattle-based biodiesel producer, has laid off 24 employees, a majority of the staff at its large Grays Harbor plant.
* With increasing budget pressure from the state of Georgia, Columbus State University eliminated 16.5 staff positions this week, laying off 12 employees.
* Wilson Memorial Hospital in Sidney is cutting 23 positions from its staff, hospital officials announced.
* Canada’s Bellus Health–formerly known as Neurochem–is cutting its staff by 40 percent.
* REDLANDS, Calif.—The Hershey Co. is closing down its Redlands distribution center and moving to Utah.
About 90 local jobs will be lost.
* Another 19 jobs have been eliminated at HealthNow Inc., the Buffalo-based parent company of BlueCross BlueShield of WNY.
* BRADENTON — A local boat supplier is cutting 24 jobs because of economic conditions affecting the marine industry.
Taylor Made Systems, a manufacturer of windshields and canvas products for boat builders, notified the state Thursday that it would be laying off one-fourth of its work force.
* Zurich-based Panalpina said it would cut between 1,400 and 1,600 jobs across all operations in response to “clearly declining freight volumes caused by the current financial and economic crisis.
* The workforce will be reduced to 1,800 from 2,600 as large parts of the software are already developed, according to the newspaper. SAP will transfer most of the programmers to its flagship project Business Suite, the FTD said.
* ANZ has confirmed it will cut 500 jobs, mostly from its Melbourne operations, and move them to India by the end of the year.
* RECRUITMENT firm Michael Page International has become the latest recruitment company to slash staff in the deepening economic crisis, axing 50 jobs and warning that more could follow.
* NCRI – 2,000 part-time workers were laid-off in Rolling and Pipes Mill Corporation (ARPCO) in the southwestern city of Ahwaz.
* Baker & McKenzie’s London office has launched a formal redundancy consultation that will see the loss of between 60 and 85 jobs.
* Forty-five jobs have been lost with the closure of a BMW car dealership in Limerick.
* In total, 41 people have been made redundant at the Wester Gourdie firm.
* BANGALORE: Blackstone-owned Gokaldas Exports, which reported its first ever loss in the last quarter, has unleashed a fresh restructuring
exercise slashing 3,000 jobs and shutting three of its units in Bangalore.
* Up to 13 warehouse staff will be axed after more than 70 per cent turned down a 34-hour working week in a ballot.
* SeaWorld, Aquatica and Discovery Cove said Wednesday they are aggressively hiring 450 people for the Spring Break season, which runs from April 4 through April 19.
* The Johns Creek and Sandy Springs joint 911 Center is scheduled to be fully operational in late summer. As part of the start-up process, the center is focusing on hiring 53 full time employees.
* A job fair promising a paycheck for 100 people in nearby LaGrange, Ga., is shaping up to be a hot draw.
Cellular phone company T-Mobile will be recruiting Monday and Tuesday to fill positions at its national returns center.
* The Internal Revenue Service is now accepting applications locally for qualified revenue agents to work in the Large and Mid-Size Business Division’s Toledo and Lima offices.
Available positions include Audit Team Members who conduct tax examinations of large and mid-sized corporations. The starting salary range for these positions is from $67,613 to $80,402 depending upon education and experience.
* Exodus Machines, Inc. promises to create 21 jobs in the next few months, growing to 82 full-time employees within five years. Workers are expected to average about $25 per hour with benefits.
Mike: Today ended up being a relatively quiet day for larger layoffs, but that’s no consolation to those who did lose their jobs this day. After a busy week, I need a laugh. I hope you all have a fine weekend……………..
March 12 – Jobless claims rise 9,000 to 654,000 – Record 5.3 million collecting unemployment – PPG exits 2,500 – US Hexion to slash about 1000 – Methode Electronics dumps 850 and moving jobs off shore – Dell continues job cuts – Bronco Drilling Lays Off > 600 – Bausch & Lomb eyes 500 cuts – Foreclosures up 30 percent in February – Chrysler threatens to pull out of Canada
Mike: Good day to all. Today’s big news comes from the labor department at 8:30 and that is the Jobless Claims number, and here it is:
WASHINGTON (MarketWatch) — Signaling persistent labor market weakness, the number of workers filing initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 654,000 last week, the Labor Department reported Thursday. The smoothed average of new claims over the past four weeks rose 6,750 to 650,000 — the highest level since October 1982. The number of people receiving unemployment checks in the week ending Feb. 28 rose 193,000 to a record 5.32 million. The four-week average of these ongoing claims increased 124,250 to 5.14 million, also a record high level.
Mike: There are some locations where the recession is more like a depression. During the 1930s, the depression jobless rate was about 20%:
Marion County has the second highest unemployment rate in the state. The 22 percent unemployment doesn’t even factor in recent layoffs at the Beneteau boat plant and the closing of US components.
According to unemployment officials, this is the highest unemployment rate Marion County’s seen in 19 years.
- Methode To Cut Nearly 25% (850) Of Work Force
- AARP cuts 240 jobs
- Bausch & Lomb to cut 500 worldwide
- Foreclosures up 30 percent in February
- Bronco Drilling Lays Off More Than 600
- US Hexion to slash 15% of workforce
- Chrysler threatens to pull out of Canada
- PPG to cut 2,500 jobs in restructuring
- Delta Airlines to take control of Skywest; 300 Utah jobs in jeopardy
- Microsoft/Google/IBM and other Rumors/News
General Economic News
US and some Canada Layoff News
- Microsoft/Google/IBM and other Rumors & News -
* The Apple rumor mill is running amok these days. Inside sources tell all about Apple layoffs and of a mysterious Apple device in the works, likely a large iPod Touch, rumored to hit the market this fall. (As always, there isn’t a peep of confirmation out of Cupertino.)
* It’s hard to make sense of the conflicting reports of recent layoffs at Apple (AAPL). Valleywag’s gossip editor in two separate posts said as many as 50 employees were laid off here and there.
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* WASHINGTON, March 12 (Reuters) – The number of U.S. workers filing new claims for jobless benefits rose 9,000 last week and so-called continued claims notched a fresh record as a year-long U.S. recession continued to slam the labor market, data on Thursday showed.
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The 0.1 percent decrease reflected a slump in demand for cars and followed a revised 1.8 percent jump in January, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly climbed 0.7 percent.
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The Commerce Department said December’s inventories were revised to show a 1.6 percent drop, previously reported as a 1.3 percent decline. Motor vehicle and parts inventories dived 4.4 percent in January, the steepest drop since July 2005, it said.
Analysts polled by Reuters had forecast business inventories falling 1.0 percent in January.
* The ranks of the unemployed now total 12.5 million people. One of them is Al Martinez, who was recently laid off in January from his job as a columnist for The Los Angeles Times. In a recent post on his personal blog, Mr. Martinez describes the “intense feelings of rejection” that accompany sudden unemployment.
* WASHINGTON (AP) — Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year’s levels, RealtyTrac reported Thursday.
Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last month, up 6 percent from January, according to the Irvine, Calif-based company. While foreclosures are highly concentrated in the Western states and Florida, the problem is spreading to states like Idaho, Illinois and Oregon as the U.S. economy worsens.
* Sarasota County will eliminate 56 positions from its workforce of roughly 2,200 in preparation for a mid-year budget reduction March 23.
* DENHAM SPRINGS — Denham Springs city government laid off 10 employees as a result of tough economic times, Mayor Jimmy Durbin confirmed Wednesday.
* Regions Financial Corp. laid off at least seven workers at its local loan center in the Birmingham area as part of a minor work force adjustment, a spokesman said.
* The board voted to lay off 150 educational assistants, despite objections from the Canadian Union of Public Employees (CUPE) Local 4400, which said layoffs could have been avoided.
* WINDER – Barrow County Commissioners voted 4-2 Tuesday night to reorganize two of the county’s departments, a move that will eliminate two jobs, demote one worker and change responsibilities for some who are left.
* Howard County’s health department has begun layoffs that may total 15 workers by June 30, as officials say slumping income tax and real estate revenues push a projected county budget shortfall toward $10 million in the current fiscal year.
* PPG Industries Inc (PPG.N), the world’s second-largest paint and coatings maker, said on Thursday it will cut 2,500 jobs in a restructuring plan aimed at saving $140 million annually.
* PPG Industries said today it will slash about 2,500 jobs worldwide as part of a restructuring plan that is designed to save the paints, glass and chemicals maker about $140 million annually.
* Methode Electronics Inc. (MEI) will cut 850 jobs as the company looks to reduce its exposure to the North American auto industry. Meanwhile, the company swung to a fiscal third-quarter loss on write-downs and restructuring charges.
The company said it would also move manufacturing operations to lower-cost regions to cut costs. After the restructuring, all its manufacturing will be in Mexico, Malta and China.
* Weyerhaeuser will lay off 59 employees at a sawmill in Warrenton, according to a state filing.
A spokesman for the Federal Way, Wash.-based timber giant did not immediately return a call for comment.
* The District-based organization will cut about 240 of its 2,400 jobs nationwide, according to The Hill, citing Kevin Donnellan, AARP’s chief communications officer.
* Dell Inc, the world’s No. 2 maker of personal computers, is cutting more jobs this week as it continues to retool operations.
Dell declined on Wednesday to disclose how many people it is laying off, saying only that they are taking place at its assembly facility in Winston-Salem, North Carolina, and in Central Texas.
The company, which cut 11,000 jobs last fiscal year, is trying to overhaul its cost structure in the face of a punishing recession.
“I can confirm a global workforce reduction this week as part of our ongoing effort to streamline our business,” said Dell spokesman David Frink.
* The Nashville Business Journal reported today that pink slips will proliferate among workers today at Dell’s manufacturing plant in Lebanon and its distribution center in Nashville, which employ about 3,200 Middle Tennesseans.
A spokesman for Dell didn’t specify how many, though he did say most would be notified by the end of the day. via Nashville – Nashville Scene – Pith in the Wind – Dell Layoffs Coming to Nashville and Lebanon Today
David Frink, a Dell spokesman, declined to provide numbers for specific locations, but sources within the company said the cuts would number in the hundreds.
* Bausch & Lomb Inc. plans to let go of more than 500 employees worldwide and close a plant in India by year’s end.
In a memorandum sent this week to B&L employees, Chief Executive Gerald Ostrov said the company is making cuts from its administrative ranks and at its contact lens manufacturing site in Waterford, Ireland. Combined, the company will cut 495 positions.
* Bronco investor relations official Bob Jarvis says 604 employees have been laid off and the salaries of field employees cut by about 10 percent.
* Niles America Wintech Incorporated will cut at least 150 workers during the next few months.
Gecom Corporation is closings its plant in April or May – cutting 168 jobs in Winchester.
The third company to announce cuts is Ainak Incorporated, which will transfer its molding process from Winchester, to facilities in China and Indonesia.
*HOOSICK FALLS, N.Y. — The Saint-Gobain Performance Plastics factory laid off 11 full-time employees on Monday, according to William Seiberlich of the Saint-Gobain Corp.
* Gas pump manufacturing company Dresser Wayne recently cut 200 jobs, or 10 percent of it’s worldwide workforce.
* Tufts University has frozen some salaries and laid off more than a dozen staff members but says it will be able to balance its budget for the next two years despite a projected 30 percent dip in its endowment.
* Sesame Workshop, the nonprofit producer of Sesame Street and other kids’ programs, is cutting about one-fifth of its work force because of the economic downturn.
* AOL LLC announced in January it was sharpening the job-cutting ax with the goal of eliminating up to 10 percent of its workforce. Now the ax has fallen. AOL began firing employees Monday, including some at its Dulles operations, according to a report in The Washington Post.
. * ARKADELPHIA (AP) — Ouachita Baptist University says it will cut about 12 percent of its administrative and staff positions, but no faculty members are to lose their jobs. via OBU Announces Staff Cuts - ArkansasBusiness.com .
* Galichia Heart Hospital is eliminating about six full-time staff members as part of a reorganization effort that centers on being more efficient. via Galichia restructures, eliminates six jobs – Wichita Business Journal:
* Altra Holdings Inc. said it has cut nearly 12 percent of its work force company-wide through the end of February.
* He said the exact number of job cuts won’t be known for five or six days. He did not say how much production would be reduced.
* FRESNO, Calif. (AP) — The Fresno Bee will lay off 63 workers and cut salaries in order to reduce expenses in a weak advertising market.
* The UJA-Federation of New York is laying-off 15% of its workforce, according to a person familiar with the matter. The layoffs at the charity, which is often described as the world’s largest local charity organization, are a sign of the tough economic times. Tough fund raising in the year ahead is being blamed for the cutbacks.
* HOPKINS CO., KY (WFIE) – More layoffs in Hopkins County at the International Automotive Components plant.
The company said 23 hourly workers will be laid off March 16.
* A tough economy is forcing O’Brien Steel to do something it hasn’t had to do since the recession of 1982. The company laid off 32 workers this week.
* 12 March 2009 – Kerry Ingredients France, part of the Kerry group, will cut 164 positions at its Apt (Vaucluse) plant. The plant, which employs about 330 people, would see its workforce reduced by half.
* GKN laid off a total of 53 hourly workers and 11 salaried employees from facilities in Mebane, Roxboro and Auburn Hills, Mich., according to a press release Wednesday. The Mebane facility is located on Trollingwood-Hawfields Road and employs 545 other workers. The exact number of impacted workers at the Mebane site was not released.
* A Firestone official has verified the pending layoff of 71 employees at the Prescott Firestone Building Products facility.
* The orchestra let 12 staff members go Wednesday. Six positions will go unfilled, reducing administrative staff 20 percent.
* There have been layoffs recently, including 100 employees of the Whistler Blackcomb Ski and Snowboard School.
* The University of Tennessee Medical Center laid off 15 employees Wednesday.
* Dismal sales of chips that go into cellphones prompted National Semiconductor to announce Wednesday that it will shut down its Arlington plant.
The plant, which opened in 1985, employs 340 people and will be closed in phases over the next 18 to 21 months, said John Conn, vice president and managing director of the Arlington site.
* Owens Corning confirmed yesterday that nearly 50 workers at the company’s Guelph plant were laid off earlier this week.
* Twenty-one workers were issued layoff notices late last month. The non-unionized workers have not been placed on a recall list.
* GLADE SPRING, Va. – Utility Trailer Manufacturing Co. will close its plant here May 15, the company announced this week.
According to a letter sent to Washington County, to comply with the Federal Worker Adjustment and Retraining Notification Act, 119 jobs will be eliminated.
* Meritor Suspension Systems Co. has announced that it plans to close permanently the Steeles Avenue plant by the end of 2009, putting 165 people out of work.
* Closing the lumber mill, the company’s last operation in the city, would affect about 23 workers. Kolakowski said that Frank Chervan officials said some of those workers would be offered work in Roanoke.
* FARMINGTON — Acting on the continued slump in natural gas prices, ConocoPhillips laid off 22 workers from its San Juan Basin work force, corporate officials confirmed Wednesday.
* Seventeen positions have been cut through layoffs at Casa Grande Regional Medical Center, and another seven jobs open through attrition will not be filled, hospital officials said.
* Hundreds of workers slated to be laid off at the former Stelco are just months short of qualifying for their pensions.
Now union leaders are asking U.S. Steel to bridge these employees so that they can begin collecting their pensions — rather than rely on Employment Insurance.
* Excel Polymers, LLC announced on Wednesday that roughly 80 employees have been permanently laid off from its Dyersburg facility, with cuts affecting both hourly and salaried personnel.
* The workforce reduction resulted in 44 jobs lost company wide, including 33 in Massachusetts, a company spokeswoman said.
* Genesee & Wyoming Inc (GWR.N) will furlough 50 more employees in the next 30 days, in addition to 95 furloughed so far, the railroad operator said during its investor conference call.
Genesee has also reduced about 10 percent of its locomotive fleet since the beginning of 2009 and cut working hours to keep pace with the low demand.
* HOUSTON (ICIS news)–US producer Hexion Specialty Chemicals plans to cut about 15% of its workforce this year on expectations that the global recession will last through 2009 and potentially beyond, the company said on Thursday.
Hexion currently employs 7,000 workers, according to its website.
* Crane Merchandising Systems, a division of Crane Co., announced that it will close its St. Louis, Mo. area manufacturing facility in order to consolidate its vending equipment manufacturing operations in Williston, S.C.
* The three other plants slated for closure are: Hamel, Minn.; Lumber Bridge, N.C.; and Franklin Park, Ill. All of the closings, which come under Signature Aluminum US, are expected to be completed in the next several weeks.
A steep downturn in the economy and the aluminum industry, along with a tightening credit market, are being blamed for the plant closings.
Employing about 280 locally, the plant sharply curtailed its operations at the start of the month to fewer than 30 workers.
* The plan is to shift production to New York City, meaning that 15 to 20 workers will be out of a job.
* OTTAWA (AP) — A top Chrysler official issued a grim threat to Canadian lawmakers, warning the struggling U.S. automaker may shut down its plants in Canada if it doesn’t get significant labor concessions and government aid.
“Chrysler LLC cannot afford to manufacture products in a jurisdiction that is uncompetitive, relative to other jurisdictions,” president Tom LaSorda told a Parliamentary committee Wednesday night.
* Twelve people in eastern P.E.I. will lose their jobs over the next two months as Cabinetmaster winds down operations at its facility in Lower Montague.
*SALT LAKE CITY (ABC 4 News) – Delta Airlines announced Thursday that they will take control of ground baggage operations for Sky West, a regional airline associated with Delta.
* HELENA – The Montana Tunnels metal mine near Jefferson City has issued 60-day layoff notices to about 90 percent of its remaining work force. That’s because lower commodities prices and the global credit crisis have made it difficult to find investors.
* Staff at Wrekin Construction were called to a meeting at the company’s head office in Shifnal at 4pm today where the majority, believed at be about 450 workers, were made redundant with immediate effect. The company employs 530 workers.
* Finland’s largest telecommunications operator TeliaSonera is cutting at least 318 jobs from its broadband unit in Finland. In Helsinki, 154 jobs are going, while Jyväskylä will lose 50 and Tampere will lose 30 TeliaSonera jobs.
* Finnish machinery and equipment hire group Ramirent said in a statement Thursday it had decided to cut a further 150 jobs after a 26-per cent year-on-year drop in January-to-February sales.
. * Sofia. 719 people of Navigation Maritime Bulgare’s ships crew will be laid off,company’s Executive Director Hristo Donev told Focus News Agency.
* THE North-east’s last remaining paper mill yesterday announced plans to axe 10 per cent of its workforce.
Around 48 jobs are expected to go at Stoneywood Mill, near Bucksburn, Aberdeen.
* NCR, the cash-machine manufacturer based in Dundee since post-World War II, has announced plans to cut about 250 jobs.
* Vodafone Turkey has announced plans to cut approximately 260 jobs as part of a restructuring program after reporting a 14.5% decline in revenue for the fourth quarter 2008.
* Time Warner Inc’s AOL said on Thursday it is closing a research unit in China, shedding 56 jobs as part of global cost cutting measures.
* THE Gwent resort hosting next year’s Ryder Cup made 48 people redundant last month and may have to axe up to 22 more posts.
* Baker & McKenzie’s London office has launched a formal redundancy consultation that will see the loss of between 60 and 85 jobs.
* The Department of Parliamentary Services will cut about 25 security jobs from Parliament House by the middle of the year.
* Chopard’s Karl-Friedrich Scheufele recently stated that the company would be laying off 36 employees, from their manufacturing and administration arms. The cut does not represent an immense portion of their labor force, but such companies are not known for making hasty lay-off decisions.
* In the Laurens County community of Clinton, a new company called Force V Environmental LLC plans to employ 189 people at a new vinyl window and door factory, said Marvin Moss, executive director of the Laurens County Development Corp., the county’s industrial recruiting organization.
* WILLISTON — More jobs will come to Barnwell County when Crane Co. consolidates its vending operations into its Dixie-Narco facility in Williston.
The announcement came Wednesday from Gov. Mark Sanford, the South Carolina Department of Commerce, Barnwell County and SCANA. The consolidation of the North American vending operations to South Carolina has the potential to increase employment at the Barnwell County facility by 1,000 jobs over the next five years. Hiring is expected to begin within the next 14 months.
Mike: Another busy day with unemployment claims rising and a record number of people still collecting unemployment. That’s enough bad news for the day, so let’s end it with a laugh…………
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
March 11 – LA sends out 9000 layoff notices – National Semiconductor deletes 1,725 – Continental AG to lay off 1,900 – AOL may cut 700 – Fleetwood dumps 415 – Sony Pictures chops 350 – Severstal may cut 9500 in US/RU – American Airlines to exit 323 – Drug testing the unemployed in FL? – Dell starts laying off hundreds
Mike: Hello to all. Today is rather quiet for economic reports, but Thursday will bring us a new Jobless Claims number, which is expected to remain above 600,000.
Mike: Bill would require drug test for unemployment check – Local – Bradenton.com “All it says is that if you’re going to draw unemployment, you should be able to withstand a random drug test,” explained Bennett Monday. “I think it’s fair.”
The story illustrates how some lawmakers view the unemployed. They don’t see the unemployed as those who lost work through no fault of their own or because lawmakers let financial companies run roughshod over regulations; no, they see the unemployed as likely drug users. I think a better way to use those drug enforcement funds would be to test these lame, shallow legislative clowns for drugs. These guys get paid for racking up huge state budget deficits, allowing developers to overbuild (which led directly to the housing debacle), and ignoring financial crises until it’s too late to make a difference, yet they want to test the unemployed for drugs? When the unemployed are employed, they pay the salaries of these elected jokers and unemployment benefits are taxed, at least on the federal level. Many state’s unemployment funds are nearly bankrupt, so why not spend those drug test dollars on helping the unemployed and not making their lives even more miserable. Sure, there are some who may get high while on unemployment, but should everyone be subject to a drug test for collecting unemployment benefits?
Bennett has this on his resume: The runaway leader in committee fund-raising among senators is Sen. Mike Bennett, R-Bradenton, whose Citizens for Housing & Urban Growth has raised more than $767,000 over three years.via State: Riding a soft money train.
Below are his top four contributors by industry. As you can see, Senator Bennett received his largest contributions for the real estate industry. Since Florida real estate became one of the biggest housing bubbles in the country, shouldn’t he be asked to take a drug test for letting that happen?
|Hospitals & Nursing Homes||$2,000|
|Gambling & Casinos||$2,000|
|Lawyers & Lobbyists||$1,384|
Senator Bennett is proudly associated with the Florida Home Builders Association and received the Appreciation and Recognition Award, 2003. Shouldn’t Senator Bennett be the one taking the drug test for failing to see the emergence of the Florida housing bubble? Guys like this make a mockery of responsibility and justice. Senator Bennett finds it within him to spend time and resources bashing the unemployed, while kissing up to the real estate, gambling and legal lobbies. You can write the fine Senator at firstname.lastname@example.org to give him your views. You now know mine.
* MANATEE — Sen. Mike Bennett, R-Bradenton, has filed a bill in the Florida Legislature that would require random drug testing for those who draw unemployment compensation benefits.
The bill would create a drug deterrence program in the Florida Agency for Workforce Innovation, according to the bill, S.B. 2062.
“All it says is that if you’re going to draw unemployment, you should be able to withstand a random drug test,” explained Bennett Monday. “I think it’s fair.”
- L.A. Unified board OKs layoff notices to about 9,000 employees
- National Semiconductor to cut 1,725 jobs
- AOL Hands Out Pink Slips, Plans to Cut 10% of Staff
- Sony Pictures to cut nearly 350 jobs
- Charlotte-Mecklenburg Schools To Cut 456 Teachers
- Disney Layoffs Massive, Employees Say
- Fleetwood cuts 415 jobs
- Union says American to lay off 323 next month
- 300 Laid Off At Forsyth County Dell Plant
- Dell Sounds Knell For Hundreds Of Employees
- Microsoft/Google/IBM and other Rumors/News
General Economic News
US and some Canada Layoff News
* Rumors that Apple laid off 50 salespeople last week has created quite a stir online prompting the company’s PR to respond and deny the rumors. Meanwhile, CNET sources claim the layoffs are indeed true.
* For job seekers who think the odds are stacked against them: confirmation in the numbers came Tuesday.
The number of job openings this year is down a dramatic 31 percent from a year ago, according to a little-remarked survey issued by the Bureau of Labor Statistics.
* Under the economic stimulus program, laid-off workers no longer have to pay the full cost of continuing coverage with their former employers. A government subsidy will reduce their share to 35 percent. Their former employers will pay 65 percent, which they will re coup with a federal tax credit.
* NEW YORK — Amy VanDeventer has always been a cheapskate. The recession is taking her to new extremes.
Before the economy tanked, she was still wearing maternity clothes from her last pregnancy, clipping coupons and using hand-me-downs to dress her daughters, ages 2 and 3. Now, she’s salvaging bagel scraps left on their plates for pizza toppings and cutting lotion bottles in half so she can scrape out the last drops.
Mike: There are likely to be thousands of municipal layoffs in the near future, but it will be difficult to keep up to the “proposed” or “planned” layoffs. In that regard, from now on I’m going to try and just post confirmed municipal layoffs.
* The Los Angeles Board of Education approved issuing preliminary layoff notices to about 9,000 employees Tuesday despite a large demonstration by the teachers union and some board members’ concerns over potential harm to educational quality.
* Two weeks after voting against mass layoff notices for teachers and school nurses, the Visalia Unified school board voted unanimously Tuesday to cut 71 nonteaching jobs.
School officials tried to soften the blow to employees with pledges to work with the labor union to keep people employed, but made no promises.
* Superintendent Steve Jennings said the layoff notices — which are being sent in response to a 2009-10 budget deficit estimated between $4.2 and $4.7 million — are a conservative response to the current economic situation.
* CHARLOTTE, N.C. — In a 7-2 vote, the Charlotte-Mecklenburg school board decided to move forward with a plan to cut 456 teachers and 83 assistant principals on Tuesday night.
* Poudre School District will eliminate an unspecified number of classified employee positions to help cut the district’s 2009-10 budget.
* Six school districts held board meetings Tuesday, and five of them decided to hand out layoff notices.
* PHELAN • The Snowline Joint Unified School District is issuing pink slips to 80 employees — an action that eliminates 18 percent of the district’s teaching faculty.
* With the state budget finally passed, the Gridley Unified School District sent out layoff notices to teachers and employees, reducing 7.8 full-time equivalent teaching positions. Some received layoff notices, while others will have a reduction of their hours.
* SANTA ANA – The Santa Ana Unified School Board voted unanimously Tuesday to send out 530 layoff notices as officials work to erase a projected budget deficit caused by state budget cuts.
By law, school districts have until March 15 to notify teachers and other certificated employees in danger of losing their jobs for the next school year. Actual layoffs take place May 15. The county Department of Education estimates that more than 2,000 teachers could receive a layoff notice by March 15 as the county’s school districts struggle to overcome about $8.4 billion in cuts to education approved by Sacramento lawmakers last month.
* Denver Mayor John Hickenlooper’s administration today laid off 11 sheriff’s deputies to close a mushrooming budget gap caused by the economic downturn and required other sheriff’s employees to take three furlough days this year.
* LOS ANGELES (AP) — Sony Pictures Entertainment Inc., the movie studio subsidiary of the Japanese electronics maker, is laying off nearly 250 people and eliminating nearly 100 open positions in an effort to cut costs.
* Faced with a steep decline in sales, chip maker National Semiconductor Corp. said Wednesday it will eliminate more than one-quarter of its work force, eliminating 1,725 jobs.
- National Semiconductor Corp. on Wednesday posted a lower third-quarter profit and announced plans to eliminate more than 1,600 jobs in an effort to cut expenses.
* Officials would not comment on the matter or put a number on how many workers at the Dulles campus lost their jobs yesterday, but AOL has said that it has plans to reduce its domestic headcount by 700 people. More cuts may be on the way; the company intends to finish the current round of layoffs by the end of March.
* Sonus Networks Inc. on Tuesday said it would cut an additional 60 jobs, or about 6 percent of its work force.
* Mercury General Corp. said it took action Monday to eliminate approximately 360 employee positions, around 7 percent of the insurance company’s workforce, a move it estimates should save an annual $22 million.
* The paper has notified its roughly 170 employees that their jobs will end between March 18 and April 1, but said that it could shut down at any time.
* Faced with continuing declines in revenue, The Telegraph announced Tuesday it will eliminate 18 jobs and cut the wages of many remaining employees.
* Three dozen workers have notified The Buffalo News they will accept a buyout offer but the newspaper may still lay off another 21 employees in order to cut costs.
* Four South Carolina newspapers owned by McClatchy Co. have announced job and pay cuts this week, with The State of Columbia laying off 38, including three vice pres
* The Beaufort Gazette and The Island Packet are cutting about 11 percent of their staffs and reducing employees’ pay because the recession has hurt the newspapers’ advertising revenue, publisher Sara Johnson Borton announced Tuesday.
* MIAMI — The publisher of The Miami Herald says about 175 employees will lose their jobs as the newspaper cuts costs.
* DUBUQUE – Woodward Communications, Inc., which is the parent company of the Telegraph Herald and East Dubuque Register, says it will eliminate 24 positions and re-structure several departments.
* PHILLIPSBURG | Warren Hospital will lay off 24 employees and leave another 24 vacancies empty to conform to what hospital officials call a “comprehensive business plan.”
* LEWISBURG — Fewer admissions and more charity cases are forcing Evangelical Community Hospital to cut the equivalent of 28 full-time positions, officials announced Tuesday.
* Last year, Premier Shawn Graham said 25 per cent of the civil service will be eligible for retirement over the next five years. He said that gave government an opportunity to downsize without layoffs.
The government has said it won’t cut the civil service by 25 per cent in the budget, but hasn’t been more specific than that.
* Twenty-two Ohio State University Extension employees who work in counties across the state lost their jobs last week, with more staff cuts expected soon.
* DES MOINES, Iowa – Principal Financial Group has announced that it will cut 60 positions in its health business, including 20 positions in its Des Moines headquarters.
* Spuncast Inc. has informed state officials that it has laid off 13 more workers from the company’s Watertown plant because of a continuing downturn in business.
* The law firm layoffs tally since Feb. 27 topped 2,500 today, with news that Venable is eliminating 16 attorneys, five paralegals and 43 staff members.
* Armstrong World Industries has announced it is shutting down production at its Mobile plant in May. 172 jobs will be lost.
* WEATHERSFIELD — RTI Niles has eliminated the jobs of nearly 20 salaried workers because of slow sales.
* The Alcoa Howmet plant in Wichita Falls announced Tuesday that it plans to lay off 150 employees next month.
“We communicated yesterday to our workforce that approximately 150 hourly employees may be affected by layoffs scheduled for early or Mid-April,” said Human Resources Manager Jim Ingalls in a prepared statement.
* Maine’s largest wildlife conservation organization is cutting jobs and reorganizing in a bid “to fit challenging economic times.” The organization says it will eliminate 12 positions by September from its pool of 60 full-time, part-time, and seasonal employees.
* The Toro Company in Tomah made the announcement Tuesday (March 10) and says the 235 people will be out of a job by April 20. Toro says the global recession makes it hard to say when the employees could return to work, but hopes to have them return between June and August. Toro says the employees will get extended health insurance coverage and be able to use the company’s employee assistance program.
* Employees at the theme park tell us the number of people let go in recent weeks is in the hundreds. However, Disney would not confirm the layoff numbers, saying only that those figures are speculative.
* While he did not provide an exact number, Crisman said that since the layoffs began a few months ago, the company — formerly known as InterfaceFABRIC Inc. and Guilford of Maine — has reduced combined employment at its three Maine plants from about 650 to between 450 and 500.
* The world’s largest grower and seller of carrots — Wm. Bolthouse Farms Inc. of Bakersfield – has told state officials that it expects to lay off 93 workers by the end of March.
* Almost 50 employees at the Drake Center and University Hospital will be laid off, the Health Alliance of Greater Cincinnati said Tuesday.
Mike: Hat tip to reader Noel for the following information. It’s difficult to keep up with all the layoff announcements, so please pass them along and I’ll be sure to post them.
* WHEELING – Employees at Severstal Wheeling Inc. learned Monday the temporary idling of the arc furnace at Mingo Junction is imminent.
Ken Aspenleiter, president of United Steelworkers Local 1190, said Severstal’s caster, electric arc furnace, and the 80-inch hot strip mill would be idled for an indefinite period by the end of March because of a lack of orders resulting from the global economic downturn.
“They said it would be temporary and that the minute a turnaround begins, we would be ready for a startup immediately,” he said.
The shutdowns will occur in an orderly manner to allow the equipment to be maintained and restarted as efficiently as possible when business picks back up.
Aspenleiter said because of that it wasn’t determined how many workers would be laid off, with maintenance and fire watch crews to remain employed.
* Fleetwood Enterprises became the latest recreational vehicle manufacturer to scale back on Monday, announcing plans to shutter two plants in Eastern Oregon that employ a total of 415 people.
* About 80 workers at a pair of Windsor parts suppliers are out of work after the companies abruptly closed their doors Tuesday.
Employees of Aradco Management ULC and Aramco Management ULC, both owned by U.S.-based Catalina Precision Products, were called at home Monday evening and told not to report to work for their scheduled Tuesday shifts, according to Gerry Farnham, president of Canadian Auto Workers union Local 195 which represents the workers.
* The soft drinks Pepsi-Cola and Mountain Dew will no longer be bottled in Columbus, and 66 employees are losing their jobs because of that by late April.
* Television broadcasting company Belo Corp., the parent company of San Antonio’s KENS Channel 5, said Wednesday the company will be cutting 150 positions companywide, suspending the company’s 401(k) matching contributions for all employees and reducing the salaries of employees who are part of the management compensation programs by 5 percent.
* Advertising agency Arnold Worldwide will cut about 40 employees, or about 7 percent of its staff, and scale back pay for most of its senior staffers this week due to the continued slumping economy, according to sources at the company.
* ATLANTA (AP) – The Grady Health System is cutting 150 positions.
Hospital officials said Wednesday the cuts do not include key medical or patient care positions and are necessary amid the worsening economy, funding cuts and rising number of uninsured patients.
* American Airlines, struggling with a slump in travel, will lay off 323 flight attendants on April 1, according to one of its unions.
* FORSYTH COUNTY, N.C. — The Dell plant located in southern Forsyth County that opened in 2005 is laying off 300 workers, a source confirmed to WXII Wednesday.
* Dell (NSDQ:Dell) has confirmed rumors that it will cull hundreds of workers from its payroll this week.
A spokesperson for the No.2 computer maker told The Austin American-Statesman that the cuts began Wednesday at Dell’s factories in Central Texas and North Carolina.
* The merger of two area trucking terminals operated by Roadway and Yellow Transportation has resulted in about 70 layoffs.
* Ada — Holcim and Flex-N-Gate, two major employers in the Ada area, were recently forced to go through a reduction in force due to economic circumstances.
* URBANA — Officials at Seimens Energy and Automation said they plan to close their Urbana facility one year earlier than expected, a move that will lead to the loss of 174 jobs this summer.
* Automotive supplier Bourns Inc. said Wednesday that it will close its Janesville plant in 12 to 18 months, a move that will put 148 employees out of work.
* MOBILE, Ala. — Armstrong World Industries Inc. will lay off 172 workers and indefinitely idle its Mobile ceiling tile plant on May 8, saying slowing commercial construction worldwide forced it to cut capacity.
* Niles America Wintech: The maker of switches for cars will lay off at least 150 workers during the next few months, cutting from 224 employees down to about 50.
GECOM Corp.: The manufacturer of door locks, latches and lift-gate systems will relocate its Winchester operations to Frankfort or Greensburg, Ind., and close the facility in April or May. The Winchester plant employs 168.
Ainak Inc: The company makes rubber and plastic parts, metal stampings, hose assemblies and foam. It will go from 123 full-time and 14 temporary employees to 33.
* A company spokesperson says about 180 jobs will be eliminated. Wilton Products, Inc.,
* “We are developing an action plan to reduce our U.S. costs,” chief executive Alexei Mordashov said during a conference call. He said 9,000-9,500 jobs may be cut at Cherepovets.
* March 11 (Bloomberg) — Continental AG, Europe’s second- biggest auto-parts manufacturer, plans to eliminate at least 1,900 jobs by the end of March 2010 and reduce tiremaking in the region because of falling vehicle sales.
* British precision engineer Renishaw Plc (RSW.L) warned of an operating loss for the second half as monthly sales continued to fall and said it would cut 500 jobs globally to reduce costs, sending its shares down 25 percent.
* Flextronics International Ltd (FLEX.O), the Singapore-based contract electronics manufacturer, said on Tuesday it is cutting jobs and closing facilities to cope with a weaker global economy.
* A Sony Australia spokeswoman said that the company would announce details of the changes to its sales division next week and confirmed that some staff would be made redundant as a result of the changes.
* LONDON — Japanese carmaker Toyota said Wednesday it will cut pay and production by 10 percent at its British plants, for one year starting from April 1, to cut costs while avoiding layoffs.
* Teachers are in danger of losing their jobs in roughly one third of Sweden’s 290 municipalities, a sign that the weak economy is now set to take its toll on the country’s schools.
* UK engineering firm Renishaw is slashing 500 jobs worldwide, weeks after asking its staff to agree to a 20% pay cut.
* Britain’s Imperial Tobacco Group Plc’s (IMT.L: Quote, Profile, Research) Altadis unit said on Wednesday that it had agreed with unions to cut up to 780 jobs in Spain.
* The Guardian Media Group is making significant cuts at its Surrey and Berkshire regional newspapers, with 95 jobs, four offices and two newspapers set to go.
* March 11 (Bloomberg) — Aveng Ltd., South Africa’s second- largest construction company, forecast a fall in second-half profit and said it has cut as many as 450 jobs after losing mining contracts.
* Korn/Ferry – The company provided fourth-quarter revenue outlook, below the consensus, and also said it would cut more jobs and consolidate premises in an effort to align its cost structure.
* Accountants Deloitte today said that it is seeking 70 voluntary redundancies from its workforce of 1,200 in Dublin, Cork and Limerick. This is about 6% of its staff.
* Lt. Governor Lee Fisher announced 430 new jobs were coming back to the Wilmington Air Park.
* This is the type of news we can expect to hear more of over the next few years as the Green Tech industry kicks into overdrive. Greentech Manufacturing (aptly named), has announced plans for the construction of a new eco-friendly construction plant in Douglas, Georgia that will employ 320 people.
* Hewlett Packard(HPQ Quote – Cramer on HPQ – Stock Picks) plans to create 500 jobs in Ireland over the next 12 months as the tech firm boosts its lucrative services business.
Mike: Another busy day for layoff announcements and the pace quickened this afternoon. Dell is slashing jobs and the full announcement should be available tomorrow. Thursday will also bring the much anticipated jobless claims number for last week. Till then………………….
Mike: I used to enjoy listening to the rantings of Jim Cramer, but he has turned into a psychopathic liar and doesn’t even seem to mind being seen as one. Jim, f you are wrong, admit it, if you are right, pat yourself on the back, but don’t lie and pat yourself on the back. Enjoy……