Factory Closing

Mike:  Today brings us the weekly Jobless Claims  number and  Existing Home Sales. Jobless claims rose  to 640,000. Last weeks revised drop to 613,000. The bit of good news in the report showed that the four-week moving average declined 4,250 to 646,750. A continued decrease in the four-week moving average is a better iindicator of job loss trends than […]

Continue reading about April 23 – Jobless claims increase to 640,000 – Continuing claims reach new record of 6.14 million – Danaher to lay off 2,300; close 16 facilities – Precision cuts 1,000 drilling jobs – Lloyds sheds 1,000 staff – Freescale to cut 900 – Alcoa to can another 275 – Bashas’ Markets to chop 700 – CNH to dump 1500

   Mike: Good day to all.  Wednesday became an active layoff announcement day, especially in the afternoon with Kimberly-Clark, Apache and GM announcements. Thursday brings us the weekly Jobless Claims  number and  Existing Home Sales. Both will indicate if the economy is stabilizing. Stay tuned…. – First I’d like to give some props to a fine blog at http://iwaslaidoff.info/. Pay […]

Continue reading about April 22 – Update: GM to lay off 1600 salaried workers this week – GM plans 9-week summer shutdown – Volvo cuts 1543 – Fewer U.S. companies plan job cuts – T Rowe Price chops 288 – 1000 gone at Phillip Morris in July

Mike: I hope you all had a fine weekend and thanks for visiting the new location of The Layoff List.  Monday proved to be a busier day for international layoff announcements, which seems to be the case over the last few months of this blog’s life. US layoff announcements picked up the pace later in […]

Continue reading about April 20 – GM to lay off 1600 this week; will “likely” build plants in China – ThyssenKrupp plans 4000 more job cuts – Eircom plans to chop 1,250 – More layoffs coming to Microsoft?