LayoffBlog.com

March 27, 2009

Dechert lays off 125

The Dechert law firm said Thursday it has laid off 125 lawyers and staff firmwide due to the economic slowdown.

The cuts include 63 lawyers and nonlawyers including paralegals, plus 62 administrative staff.

Source: Philadelphia Business Journal

Navistar plant lays off 170 in Arkansas

A school bus plant owned by Warrenville, Ill.-based Navistar has laid off 170 more workers in Arkansas.

The cuts some after the IC Corp. plant laid off 300 workers in January, although some workers later came back on the line at the plant.

Source: Chicago Tribune

March 26, 2009

Canada: CBC to Cut up to 800 jobs

Canada’s national broadcaster, CBC, announced yesterday that they’re laying off approx 10% of workforce.
The details came a day after CBC president and chief executive Hubert Lacroix announced the public broadcaster would have to cut about 800 full-time positions in total at the CBC/Radio-Canada, as well as selling about $125 million in assets.

CBC English Services plans to cut up to 80 positions from its news division and a further 313 from sports, entertainment, current affairs, sales and support across the country.

Source: CBCNews, Canada

~News submitted by BryanF

GM: 12 percent workers taking buyouts

General Motors Corp. said Thursday that 195 union workers at its Shreveport assembly plant accepted a buyout from the financially troubled auto giant.

The workers are among 7,500 workers nationwide who decided to take the deal, GM said. That represents about 12 percent of GM’s hourly work force represented by the United Auto Workers.

GM offered $20,000 cash and a $25,000 voucher to buy a car to all of its 62,400 hourly U.S. employees as part of an effort to further trim its blue-collar payroll.

Source: AP, Forbes

Amazon to Close Three Distribution Centers

Over the next two months, the online retailer, Amazon.com, will close 3 distribution centers: in Red Rock, Nev.; Munster, Ind.; and Chambersburg, Pa. The 210 employees in those three facilities were informed Wednesday. They will get severance packages and an opportunity to transfer to other Amazon shipping locations.

Source: The NY Times

U.S. Jobless Rolls Increase to Record 5.56 Million

Filed under: FYI,unemployment,US — DF @ 1:06 pm
Tags: ,

According to DOL, Bloomberg: “The number of people collecting U.S. jobless benefits rose to a record 5.56 million, indicating more Americans are spending longer periods out of work. Initial claims topped 600,000 for an eighth straight time.

Total benefit rolls jumped by 122,000 in the week ended March 14, from 5.44 million the previous week, the Labor Department said today in Washington. Initial jobless applications last week rose 8,000 to 652,000, in line with forecasts.”

Agilent Technologies to Cut Another 2,700 Jobs

According to DowJones, WSJ: “Agilent Technologies Inc. (A) shares gained after the company said it is eliminating another 2,700 jobs, its third round of cuts since December, as it tries to cope with huge drops in revenues.

Including 1,400 job cuts previously announced, the scientific instrument maker has now cut about 20% of its global work force and will now restructure two of its three units.”

Job cuts planned for N.Y. Times, Washington Post

New York Times Co. will eliminate 100 jobs on the business side of its flagship paper and cut employee pay by 5% over the next nine months in exchange for 10 days of leave.
The 5% reduction in pay will affect staffers at the Times, the Boston Globe, Boston.com and the company’s corporate unit.

Washington Post said it plans to offer buyouts to employees this year at the paper, affecting workers in its newsroom, production and circulation areas, as well as a small number of positions in the advertising and information-technology departments.

Source: MarketWatch

Google cuts 200 jobs in Sales and Marketing in second round of layoffs

Google Inc. said Thursday, March 26, it will cut nearly 200 jobs in its global sales and marketing teams due to unchecked growth and “overlapping organizations.”
Google announced its first-ever cuts of full-time employees in January, when it said it would eliminate 100 positions from its recruiting organization.

Source: MarketWatch, Google

Related article: “Google slows acquisitions down to nothing

Hurt by Economy, Europeans Vent Their Anger

Filed under: FYI,UK,worldwide — 7macaw @ 7:16 am
Tags: , ,

Tempers are flaring across Europe as the economic pain deepens and more people lose their jobs.

Luc Rousselet, the manager of a 3M factory in France, was barricaded in an office for a second day by workers demanding better severance packages for 110 employees who are being laid off.

In Scotland, vandals smashed at least three windows on the ground floor of Fred Goodwin’s (the former chief executive of the ailing Royal Bank of Scotland) house in an affluent suburb of Edinburgh and damaged a black Mercedes S600 parked in the driveway. Mr. Goodwin was not in the house at the time and no one was hurt, but the incident alarmed Britain’s business community.

The author of an e-mail message sent anonymously to a local newspaper on Wednesday claimed responsibility for the damage and said: “We are angry that rich people, like him, are paying themselves a huge amount of money and living in luxury while ordinary people are made unemployed, destitute and homeless.

Source: New York Times

HSBC to lay off 2,900

Filed under: banking,HSBC,outsourcing,UK — 7macaw @ 6:47 am
Tags: , , ,

HSBC yesterday said 1,200 UK jobs were under threat following a review of the banking business, which will see the closure of its Newport call centre.

But union leaders insisted 2,900 jobs will be axed at HSBC, including 500 being off-shored to India. The Unite union said a number of local communities would be “ravaged” as sites were closed and work moved abroad.

HSBC insisted that while 2,900 positions would be axed, some staff would be given different work and only 1,200 would lose their jobs.

Source: Wales Online, The Mirror

Legg Mason, largest division lay off more than 100

Money manager Legg Mason Inc. and its largest division have laid off a total of about 120 people.

About 100 of the jobs lost were at Legg Mason’s Western Asset Management Co., based in Pasadena, Calif. That company focuses on fixed-income funds.

Legg Mason laid off 20 of its mutual fund administration employees, including 12 at its Baltimore headquarters. The other eight were based in New York.

Soruce: San Jose Mercury News

Insurance giant to axe 650 jobs

Insurance firm Legal and General (L&G) is to cut 10% of jobs in its 6,500-strong life and pensions division.

L&G made the announcement after reporting a £1.5bn annual loss, and said it was cutting costs as it fought the recession and stock market turmoil.

The company, which has offices in Surrey, Hove, Cardiff and London, said the figure included 450 job losses announced last month.

Source: BBC News

March 25, 2009

Nike pulls output at 4 Asia plants

Nike Inc plans to halt its production at three shoe factories in China and one in Vietnam.

Source: CNBC, Reuters
~News submitted by upthecreek

IBM Cutting More Jobs, Shifting Work to India

Weeks after slashing nearly 5,000 jobs, IBM is expected to shift the work of a large number of U.S. workers to IBM employees working in India, the latest example of a successful company that is continuing to slash costs and take advantage of cheap Asian labor, WSJ reported.

Source: WSJ, Fox Business News

Update (March, 25, 2009): IBM to cut 5,000 jobs in U.S: According to Reuters: “The job cuts will account for over 4 percent of IBM’s U.S. workforce, which totaled around 115,000 at the end of 2008. The sources, who were not authorized to speak publicly on the issue, said the cuts will mostly be in IBM’s global services business, which includes outsourcing and consulting services.”

BusinessWeek also reports (“IBM Cuts Jobs As It Seeks Stimulus Money“): “..the company would be cutting high-skill positions domestically as it and others jockey for new business from the $787 billion stimulus package Congress enacted in February”

« Previous PageNext Page »

Blog at WordPress.com.