April 3, 2009

Dell orders more job cuts at NC computer plant

Filed under: General — 7macaw @ 10:13 am
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Dell Inc. has made a new round of job cuts at its desktop computer assembly plant in North Carolina, trimming 50 contract jobs, a newspaper reported Friday.

The Winston-Salem Journal reported that Dell made the cuts at its plant in Forsyth County. A company spokeswoman would not confirm the number, but said the cuts were part of a global work force reduction needed to stay competitive.

Source: Daily Reflector

April 2, 2009

3M cuts 1,200 more jobs

Filed under: General — 7macaw @ 1:42 pm
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US industrial conglomerate 3M cut 1,200 jobs in the first three months of the year, part of an ongoing restructuring amid tough economic conditions, a company spokeswoman said Wednesday.

Catherine Hamon, spokeswoman for 3M France, said that 3M had slashed 2,400 jobs in the 2008 fourth quarter, a payroll reduction far larger than the nearly 1,800 job cuts announced last December.

Source: AFP

March 30, 2009

Lionsgate faces second round of job cuts

Lionsgate is believed to be slashing 8% of its workforce in a second round of redundancies after the Santa Monica-based studio cut 41 jobs last November.

The studio did not return calls about the latest cull, which is understood will reduce the headcount by 45 to approximately 500 people.

Source: Screen Daily

March 29, 2009

Citi to lay off 65 office cleaners, says report

Struggling financial services firm Citigroup would lay off even its office cleaners, with about 65 of them are expected to leave the
firm in the next few weeks, media report says.

“Citigroup can no longer afford to keep on the people who clean their offices, apparently,” the New York magazine said in its website.

Quoting Service Employees International Union spokesperson Kwame Patterson, the report said “we got notice about two weeks ago that 65 workers will be laid off within the coming weeks.”

Source: The Economic Times

March 24, 2009

Today’s Hot Layoff Topics

Tags: Oracle | IBM | Microsoft | Cisco | AIG | Apple | H1B

March 23, 2009

Stimulus? U.S. to buy Chinese condoms, ending Alabama jobs

Filed under: China,General,Manufacturing,US — DF @ 11:16 am
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At a time when the federal government is spending billions of stimulus dollars to stem the tide of U.S. layoffs, should that same government put even more Americans out of work by buying cheaper foreign products? In this case, Chinese condoms.

In a move expected to cost 300 American jobs, the government is switching to cheaper off-shore condoms, including some made in China.

Source: The Kansas City Star
~News submitted by upthecreek

March 22, 2009

Superferry Lays Off 240 Employees

The Hawaii Superferry Saturday laid off 240 employees as it prepares to shut down operations in Hawaii for the time being.

On Monday, the state Supreme Court ruled the law that allowed the Superferry to operate while the state completes its environmental review unconstitutional, halting the ferry in its tracks.

Source: KITV

March 20, 2009

New York City Health & Hospitals Corp Announces 400 Job Cuts, Closure Of Facilities

New York City Health and Hospitals Corporation on Thursday announced plans to cut 400 jobs to deal with financial challenges.

HHC management said half the job cuts will come by laying off 200 employees and the other half through attrition. The job cuts are necessary to deal with a $66 million cut to HHC’s Medicaid reimbursement from the state coupled with other factors including the rising amount of losses from caring for uninsured patients, rising costs of drugs and medical supplies and increased wages and fringe benefits.

Source: All Headline News

March 16, 2009

New COBRA Subsidy is Effective Immediately

Filed under: General — 7macaw @ 6:45 am
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The economic stimulus package signed by President Obama on Feb. 17 (its official title is “The American Recovery and Reinvestment Act of 2009”) creates a new, temporary employer-paid COBRA subsidy.

Under the new law, effective immediately, employers are required to fund 65% of an employee’s COBRA premiums for up to 9 months.

Source: San Fernando Valley Business Journal

March 13, 2009

Fry’s lays off about 90 workers

Filed under: General — 7macaw @ 11:56 am
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(No, not that Fry’s)

Fry’s Food Stores laid off about 90 Arizona grocery workers Thursday in response to the deepening economic recession.

Fry’s is the second Arizona grocery chain to announce layoffs this year. Last month, Chandler-based Bashas’ laid off 350 employees in response to falling profits and increased competition.

Source: Arizona Republic

March 10, 2009

160 Chico teachers to get layoff notices

The Chico Unified School District has begun the process of notifying 160 permanent teachers that they may be laid off at the end of the school year.

The notices are the latest in the district’s effort to tackle a $9 million budget deficit through June 2010. Officials had previously projected a $14.8 million deficit before the newest state budget was approved.

Source: MSNBC

March 6, 2009

Silicon Valley unemployment rate jumps to 9.4%

Silicon Valley’s unemployment rate jumped more than a full point, to 9.4 percent, from December to January, the biggest increase since at least 1990, the earliest year for which the state Employment Development Department has comparable data.

The Santa Clara-San Benito county area lost 14,900 jobs to total 897,000, a 2 percent decrease in the number of jobs in the past 12 months.

The primary monthly job losses were in the retail sector, which lost 3,200 jobs after the holidays, and the trade, transportation and utilities sector, which lost 4,000 jobs.

The professional and business services sector dropped 3,500 jobs.

Source: San Jose Mercury News

March 5, 2009

Texas unemployment rate jumps to 6.4 percent

Filed under: FYI,General,unemployment,US — DF @ 5:30 pm
Tags: ,

According to AP, The Houston Chronicle: ” The Texas unemployment rate jumped to 6.4 percent in January and the state lost jobs for the third consecutive month, the Texas Workforce Commission reported Thursday.

The unemployment rate jumped nearly a percentage point from the revised December figure of 5.6 percent, and the state’s seasonally adjusted nonagricultural employment fell by 75,800 jobs, according to commission figures.”

NY state lost 25 pct of new jobs since last decline

Filed under: FYI,General,unemployment,US — DF @ 5:23 pm
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According to Reuters: “New York state, in the final quarter of 2008, lost over 25 percent of the jobs it had gained since the last downturn, a statistic that reveals the deepening recession, the labor department said on Thursday.

This means 110,300 people working at private companies lost their jobs in just three months.

These employers had hired more than 400,000 people from July 2003, when the last decline ended, to August 2008, when the economy peaked, the state labor department’s report said.”

March 4, 2009

Orrick laying off 300 more

Following its first-ever layoffs four months ago, Orrick Herrington & Sutcliffe LLP has begun a second, deeper round of cuts.

The San Francisco-based law firm is laying off approximately 100 lawyers and 200 staff workers from its 21 offices in the United States, Asia and Europe. That is equal to 12 percent of its legal ranks and 14 percent of staffers.

The lawyer layoffs affected associates, who are more junior, salaried attorneys. No partners were laid off.

Source: San Francisco Business Times.

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