March 3, 2009

Smart Papers sells brands to Mohawk; will lay off 200

Mohawk Fine Papers Inc. has acquired Smart Papers LLC’s uncoated paper brands, a move that will cut more than half of Smart Papers’ employees at its Hamilton[,OH] mill.

The Hamilton Journal-News , quoting the president of the United Steelworkers of America Local 1967, said about 200 Smart Papers workers will be laid off as a result of the sale. That’s about 55 percent of the mill’s union members and 60 percent of its salaried employees, according to the story. About 160 employees will remain, the union head said.

Source: Business Courier of Cincinnati

Timken to cut 400 salaried jobs

Steel alloys and bearings maker Timken. Co. says it plans to cut 400 salaried jobs as it reduces costs to match a slowing market for its products. The Canton, Ohio-based company said that the job cuts represent about 2 percent of its work force.

The recession has manufacturers cutting jobs at a rapid pace while new orders are falling.

Source: The Columbus Dispatch

February 24, 2009

Ethan Allen Announces 190 Job Cuts At Vermont, North Carolina Plants

Furniture maker Ethan Allen announced it is laying off 110 workers in Vermont and another 80 in North Carolina.

Danbury, CT-based Ethan Allen (NYSE: ETH) will make the cuts in manufacturing jobs at its furniture plants in Beecher Falls and Orleans, VT and in Old Fort, NC. After the job cuts the company still has about 600 employees in Vermont and 300 at its Old Fort plant.

Source: All Headline News

Spansion plans 3,000 job cuts

Flash memory maker Spansion Inc. said late Monday it will cut its global work force by 35 percent, or about 3,000 jobs.

The Sunnyvale-based company (NASDAQ: SPSN) said the cuts will take place mainly at manufacturing sites.

Source: Silicon Valley / San Jose Business Journal

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