COBRA

Mike: I hope you all had a good weekend. A relatively quiet Monday, but plenty of job losses are possible later in the week at SUN and the auto makers . The Onto the news of the day……….. Mike: Now the government is the new backer of car warranties. Amazing stuff these days. I wonder […]

Continue reading about March 30 – UBS may cut 8000 more jobs – Nielsen to cut 1,600 Jobs – KLA-Tencor chops 550 – Las Vegas Sands lays off 280 – Government rejects GM/Chrysler plans, but will back warranties – SUN to layoff thousands this week?

Mike: Good day. It was a busy day for layoff announcements, especially for a Friday. A couple of economic reports showed the state of the consumer Consumer Sentiment and Personal Income and Outlays , both of which showed some improvement. Mike: There are a great deal of daily layoffs, so if I have missed any […]

Continue reading about March 27 – IBM jobs cut fallout continues – GM hiring, but wages cut in half – Johnson Controls to cut jobs, close 10 plants – Disney To Eliminate 800 Jobs – Wal-Mart axes 650 in Columbus, OH – Tyson chops 580 OK jobs – Amazon shuts centers, 210 affected – Merck readies job axe

Mike: Jobless Claims will be the news of the day. * The Labor Department said Thursday that first-time claims for unemployment insurance rose to a seasonally adjusted 652,000 from the previous week’s revised figure of 644,000. That is slightly above analysts’ expectations. The total number of people claiming benefits are up 122,000 to 5.56 million, […]

Continue reading about March 26 – Jobless claims rise to 652,000 – Continuing claims at record 5.56 million – IBM to cut 5000 jobs in US, moving 4000 to India – GM: 6000 UAW accept buyouts – Agilent to chop 2,700 – Heidelberger trims 2,500 more jobs – University of Alabama to dismiss 1,000 – Hundreds lose jobs at Disney World – Plantronics to cut 670