Factory Closing

Mike: There are quite a few economic reports on today’s agenda and a couple of them – Challenger Job-Cut Report and ADP Employment Report – show the direction of employment. The Challenger Report shows an improvement with planned job cuts, but since this is considered the time of year where job cuts are at lower levels, the improvement […]

Continue reading about June 3 – Challenger: planned layoffs lowest in eight months – ADP: jobs cuts higher than expected, but lowest since November – IBM cutting more jobs in NY? – > 600 to lose jobs at Phillips Products – Greif Inc. eliminated jobs 678 in 2nd Q

Mike: Good day to all. Yesterday was GM bankruptcy day and the death of another American icon. The job loss carnage of both the Chrysler and GM bankruptcies will be felt for years to come as hundreds of thousands of decent paying auto related jobs end and are replaced with lower paying  jobs. Maybe the […]

Continue reading about June 2 – Pending April home sales rise 6.7%: most since 2001 – S.F. budget cuts 1600 jobs – Layoff notices to 1100 in Chicago – Deere dumps 494 in Ottumwa

     Mike: I hope you are all able to read my posts without using a scroll bar. I noticed that when using IE and IE based browsers that a scroll bar shows on the site and I’m trying to find out how to get rid of it. When using Google Chrome, which is my choice, […]

Continue reading about June 1 – GM bankruptcy cuts: 21,000 jobs (7900 this year), 2600 dealers and 14 factories – Opel sale could cost 11,000 EU jobs – Rexnord has cut 1300 since Oct-08 – Metaldyne cuts nearly 400