Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $28,695
Woo hoo!! And the first 32% is in!! Thank you all very much!! God bless.

Keyword: jobcuts

Brevity: Headers | « Text »
  • UC Berkeley Forced to Cut 500 Jobs After $15 Minimum Wage Hike

    04/19/2016 2:05:42 PM PDT · by grundle · 52 replies ^ | April 18, 2016 | Justin Holcomb
    The $15 minimum wage hike in California has sent financially troubled UC Berkeley into decision making mode, and "the people who clean buildings, who work in food services or health clinics,” says Todd Stenhouse, will be the ones without a job. Stenhouse, a spokesman for the American Federation of StateChancellor, also said “There’s a very clear need for those front-line services. But the question is whether there really is a need to hemorrhage resources on executives.” Nicholas Dirks sent a memo to employees Monday informing them of the job reductions and said they will amount to “a modest reduction of...
  • Report: Boeing job cuts in Washington state could hit 10%

    03/29/2016 9:54:59 PM PDT · by Olog-hai · 55 replies
    Associated Press ^ | Mar 29, 2016 10:18 PM EDT
    The Boeing Co. is reportedly taking steps to eliminate 10 percent of its workforce in Washington state. The Seattle Times reports the aerospace giant has already taken steps to eliminate 4,000 jobs by June and is aiming for about a 10 percent overall cut — which would mean about 8,000 positions in Washington. …
  • Employers cut jobs in 31 US states as growth slows

    04/21/2015 5:10:54 PM PDT · by Kartographer · 16 replies
    AP via Yahoo News ^ | 4/21/15 | CHRISTOPHER S. RUGABER
    Employers in 31 U.S. states cut jobs last month as weak economic growth weighed on hiring and a slowdown in oil and gas drilling caused big job losses in some states. The Labor Department said Tuesday that unemployment rates rose or were unchanged in 27 states and fell in 23 states. Eighteen states gained jobs, while employment was unchanged in Idaho.
  • Job Cuts Surge 19%; Energy Sector 38% Of Total: Falling Oil Hasn't Resulted In Higher Spending

    03/05/2015 8:56:07 AM PST · by SeekAndFind · 19 replies
    Zero Hedge ^ | 03/05/2015 | Tyler Durden
    A month ago we asked if, perchance, the BLS had simply forgotten to add any of the job losses in the energy sector in January, when it reported a drop of just 1900 jobs in the entire Oil and Gas Extraction space, compared to 18K actual announcements, and 21,300 job cuts in the sector as reported by Challenger. Moments ago, the latest Challenger data is out, and we really hope the BLS finally reads it because things in the energy sector are getting worse by the day, if only for its well-paid workers. According to Challenger, the February total...
  • 50,000 Wall Street jobs cut [There’s blood on the Street]

    01/19/2015 6:15:07 AM PST · by SeekAndFind · 31 replies
    New York Post ^ | 01/19/2015 | By John Aidan Byrne
    There’s blood on the Street. In a wild swing of the ax that has shocked many pundits, Wall Street’s biggest banks have slashed nearly 50,000 jobs, and bonuses and expense money are being cut as profit opportunities dry up. And there’s no easy way out, analysts say, because the Fed’s quantitative easing that once rescued the financial system with trillions of cheap dollars is — at least for now — history. But while some analysts were unnerved by the carnage announced by banks last week during their earnings calls, the warning signs were there before — from lower trading and...
  • COMMENTARY: Stopping job cuts at Fort Huachuca

    09/02/2014 6:50:46 AM PDT · by SandRat · 3 replies
    Sierra Vista Herald ^ | Herald/Review
    Cochise County and our surrounding region could be losing up to 2,700 jobs unless we change leadership in Congress. The Department of the Army was forced by the Budget Control Act to draft a proposal for massive budget cuts — including a maximum cut of 2,700 positions at Fort Huachuca plus potential cuts in contractors. If these cuts go through, they will have a disastrous impact on our community. Fort Huachuca is the largest employer in Cochise County and a key part of the Sierra Vista economy. The Fort has the biggest economic impact of any base in the state,...
  • KFC eliminating jobs in reorganization effort

    01/24/2014 3:55:40 PM PST · by Extremely Extreme Extremist · 20 replies
    WLKY.COM ^ | 24 JANUARY 2014 | WLKY.COM
    KFC is cutting jobs as part of a reorganization, the company said Friday. In a statement, KFC said they have eliminated positions at the corporate office and in the field and increased investment in other functions. "We made the difficult but necessary decision to reorganize KFC to maximize efficiencies and better reflect our current business needs," said Karen Sherman with KFC public relations, in a release.
  • Texas Instruments to cut 1,100 jobs worldwide

    01/21/2014 4:17:14 PM PST · by Red in Blue PA · 2 replies
    SAN FRANCISCO (Reuters) - Texas Instruments Inc plans to cut 1,100 jobs in the United States, Japan and India, or about 3 percent of its global workforce, in a corporate restructuring to save $130 million by the end of 2014. The U.S. chipmaker, which in 2012 announced it would lay off 1,700 people as it wound down its mobile processor business, said on Tuesday it wanted to reduce expenses in its embedded-processing division and in Japan. "Technology markets mature from time to time and you have to rebalance where you spend your money," Chief Financial Officer Kevin March said in...
  • Brayton Point coal plant in Somerset to close, cut 240 jobs

    10/08/2013 11:27:44 AM PDT · by FreeAtlanta · 22 replies
    biz journals ^ | Oct 8, 2013 | Craig Douglas
    The Brayton Point Power Station, the largest coal-fired power plant in New England, is shutting down amid a prolonged slump in energy prices that is forcing power operators nationally to rejigger their budgets and seek out more affordable production strategies. The closure will result in 240 job losses at the Somerset, Mass.-based facility. Its owner, an affiliate of New Jersey-based private equity firm Energy Capital Partners, said in a statement that steps would be taken to mitigate the effects of the job cuts for Brayton Point’s former workers....
  • Vanderbilt University Medical Center to cut 1,000 jobs - good freaking grief!

    07/18/2013 9:20:38 PM PDT · by FreeAtlanta · 29 replies
    bizjournals ^ | Jul 16, 2013 | Eric Snyder
    Vanderbilt University Medical Center plans to cut its workforce by more than 1,000 employees within the next two years, The Tennessean reports, citing people familiar with the center's plans. Some of the cuts are expected to come by offering early retirement options. Vanderbilt University Medical Center is targeting $250 million in budget savings over the same time period, or about 8 percent of current expenses, according to The Tennessean. "It is clear that we must embark on a comprehensive effort that is immediate, achievable, proactive and ensures success over a multiyear period, while the health care and biomedical science economies...
  • Is the Banking Industry About to Cut Another 100,000 Jobs?

    02/28/2013 10:34:51 AM PST · by SeekAndFind · 1 replies
    Wall Street 24X7 ^ | 02/27/2013 | Douglas A. McIntyr
    J.P. Morgan Chase & Co. (NYSE: JPM) announced it will cut 4,000 part-time jobs and another 13,000 contract positions in its mortgage business. The bank blamed weaknesses in the mortgage market and new federal regulation for the action. Other banks face similar problems, so cuts across the industry are likely not over. Some of the big cuts in the industry already have happened. Bank of America Corp. (NYSE: BAC) announced in September 2011 it would eliminate 30,000 jobs between then and 2015. The savings, the bank said, would total $5 billion. Rumors are persistent that other large U.S. financial firms...
  • Bank Job Cuts, Wall Street Bonuses and Fed Policy: Good Examples of False Recovery

    02/28/2013 8:31:45 AM PST · by SeekAndFind · 3 replies
    Townhall ^ | 02/28/2013 | Matt Towery
    The Wall Street Journal of Feb. 27 tells the story in its own headlines. On page C1, the story was, "JPMorgan Pulls Belt Tight," while on C3 the headline read, "Wall Street's Bonus Pool Hits $20 Billion." If that doesn't describe this crazy false recovery we are allegedly undergoing, nothing does. Of course, the picky can point out that JPMorgan Chase is tightening its belt on its banking side and the Wall Street bonus increases are paid to traders, investment bankers and other employees of securities firms. But to the average Joe, it's hard to understand, if the JPMorgan Chase...
  • Duke Energy to close Riverbend, Buck plants in April

    02/03/2013 9:06:12 AM PST · by FreeAtlanta · 7 replies
    Charleston Observer ^ | Feb. 01, 2013 | Bruce Henderson
    Duke Energy will close two of its oldest coal-fired power plants, Riverbend west of Charlotte and Buck in Rowan County in April, two years ahead of schedule. Both plants date to the 1920s and had been planned for retirement in 2015. They’re among a wave of older, smaller coal plants closing down rather than investing in new pollution controls to meet federal environmental regulations. The plants had been little used in recent years as larger, more efficient plants came online and falling natural gas prices shifted generation to gas. ....
  • Pentagon laying off 46,000 employees

    01/26/2013 6:33:25 PM PST · by FreeAtlanta · 63 replies
    cnn ^ | January 25, 2013 | Barbara Starr,
    Washington (CNN) -- The Pentagon has begun laying off 46,000 contract and temporary civilian employees in an effort to cut back on military spending, the No. 2 Pentagon official said on Friday. Full time civilian employees, which number in the hundreds of thousands, also will be furloughed for one day a week for 22 weeks, Deputy Defense Secretary Ash Carter said in an interview with wire service reporters. His comments were confirmed by a Pentagon spokesman.
  • Through The Wire: Reuters Layoffs (up to 3,000)

    01/26/2013 10:00:21 AM PST · by FreeAtlanta · 15 replies
    New York Observer ^ | 1/22/2013 | Kara Bloomgarden-Smoke
    Last week was a bleak one at Thomson Reuters, the financial news and wire service giant. According to sources, as many as 3,000 people were let go, out of approximately 50,000 employees around the globe. Most of the layoffs came from the financial sector—the sales, training and analysts’ divisions—but some were on the editorial side. “Yes, I can confirm there have been layoffs across Thomson Reuters today, including editorial,” Barb Burg, vice president and global head of communications at Reuters, told Talking Biz News last week. “Similar to efforts across the company, the Reuters organization is focusing attention on our...
  • Business Closing listed on

    12/06/2012 5:50:27 AM PST · by FreeAtlanta · 9 replies
    December 6 , 2012 Tireman Auto Service Centers Leaving Woodville Mall Ohio Location The Lost Rivers Medical Center in Arco is eliminating its long-term care center - up to 30 Jobs Lost Skelly and the Bean Capital Hill Seattle WA - Closing, Hopefully Opening New Location Blockbuster Crestwood Location in AL? Family Dollar in Fayetteville NC JCIM at the National Turnpike location KY? British supermarket chain Tesco is considering closing down its 200 American Fresh & Easy grocery stores The Tacoma Chevy’s Restaurant WA The Philips Lighting plant in Bath NY to Close by End of 2013 - 280 Jobs...
  • Dec. 1st; a big lay-off day

    12/02/2012 7:15:31 AM PST · by FreeAtlanta · 12 replies
    December 1 , 2012 City of Detroit - Layoffs Coming Feb 2013? Resolution Copper Mining - up to 400 Update: Clinton Community College NY - 10 Celgard - 40 EnerSys Energy Products - 100 AM General - Confirms Layoffs, About 100? Update: AT&T - 106 Landline Techs. in CT City of Steubenville Ohio - 12 Layoff Notices Cumberland Pharmaceuticals - 1/3 of its Salesforce U.S. Steel Corp.McKeesport Tubular Plant - 142 Worldwide Flight Services in 51 in Honolulu Orange Township Ohio - 22 Layoff Notices Scentsy - 19 O'Hare Airport - 300 Janitor Jobs Cuts Possible Glendale Adventist Medical Center...
  • Website for layoffs, company closings

    11/11/2012 12:52:35 PM PST · by KeyLargo · 25 replies
    I found this website for future reference. Are there any other sites where we can find and keep tabs on all of the coming layoffs, plant closings, and shifts to part-time employees from full time due to the Obama economic policies ?
  • Job Cuts Surge 59% In July 2011, Highest Since March 2010 As Hiring Intentions Plunge

    08/03/2011 7:51:36 AM PDT · by SeekAndFind · 21 replies
    Zero Hedge ^ | 08/03/2011 | Tyler Durden
    Those looking for an optimistic early look of this Friday's NFP (nobody cares about the ADP any longer) should probably avoid the Challenger lay off data just released. As Bloomberg summarizes, U.S. planned firings up 59% Y/y in July to 66,414, led by pharma, retail; largest number in 16 months. The number includes Merck’s plan to cut ~13k jobs. This 3rd consecutive increase; “seems to provide additional evidence” recovery has stalled, according to CEO John A. Challenger. New Jersey (where MRK is based) led states, with 13,330 cuts, followed by Michigan. Employers also announced plans to hire 10,706 after...
  • HSBC WILL CUT 30,000 JOBS (Biggest of all the Banks that have been cutting thus far!)

    08/01/2011 9:23:15 AM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 08/01/2011 | Gus Lubin
    HSBC said on a conference call this morning it would cut 30,000 by the end of 2013. "There will be further job cuts," Chief Executive Stuart Gulliver told Reuters. "Another 25,000 roles will be eliminated in addition to the 5,000 already announced." The London-based financial company reported flat first half revenue of $35.7 billion, with weakness in Europe offsetting growth in emerging markets. Naturally job cuts will be focused on Europe and the U.S., with the possibility of hiring in emerging markets. Laying off 30,000 amounts to a 10% workforce reduction.
  • Cisco To Fire 10,000 People (Much bigger cuts than previously announced)

    07/11/2011 7:38:21 PM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 07/11/2011 | Henry Blodget
    Cisco is planning to fire as many as 10,000 people, Bloomberg reports. According to the plans, which have yet to be finalized, the company will can 7,000 employees by the end of August. Another 3,000 have accepted buyouts. These cuts are far greater than the ones Cisco announced on its last disastrous earnings call. They represent 14% of the company's workforce and are designed to boost Cisco's earnings growth, which has been disappointing as sales have fallen below expectations. Cisco is getting its clock cleaned not only in its consumer division, which recently featured the shuttering of the "Flip" camera...
  • UK unveils dramatic austerity measures

    10/25/2010 11:03:13 AM PDT · by SmokingJoe · 6 replies
    FT ^ | October 20 2010 | Daniel Pimlott and Chris Giles in London and Robin Harding in Washington
    The sweeping cuts in spending and entitlements far exceed anything contemplated in the US where Barack Obama, the president, has proposed only a three-year freeze on discretionary spending and Congress is still debating whether to extend tax cuts for the wealthy. The UK cuts of £81bn ($128bn) over four years are the equivalent of 4.5 per cent of projected 2014-15 gross domestic product. Similar cuts in the US would require a cut in public spending of about $650bn, equal to the projected cost of Medicare in 2015 The UK deficit is about 10 per cent of 2010-11 GDP. The US...
  • Companies Have Now Cut So Many Jobs, That Managers Say Business Is Starting To Break Down

    09/30/2010 12:52:36 PM PDT · by WebFocus · 66 replies
    Business Insider ^ | 09/30/2010 | Joe Weisenthal
    Sure, the headline Chicago PMI number looked fine, but dig a little deeper into the report, and check out some of the anecdotal business conditions that the Chicago-area purchasing managers are seeing. Maybe this is why the rally has evaporated. You can get the full report here (.pdf). The first is the best. ------ 1. Suppliers have cut staff so much there is no support team when a failure occurs, the response is slow, laborious and inadequate. 2. Tight raw material inventories both in-house and at suppliers are making planning very interesting. Conservative forecasts make this a prudent strategy but...
  • Still Killing Jobs

    12/13/2009 10:24:38 PM PST · by myknowledge · 5 replies · 548+ views
    The Heritage Foundation ^ | December 10, 2009 | James Sherk
    In his economic speech yesterday, President Obama made it clear that his administration will take a step forward on job creation. Unfortunately, it's also taking three steps backward -- which all adds up to more unemployment. The good news is that Obama understands why unemployment has risen so sharply. Media coverage strongly implies that joblessness has risen because layoffs are up -- but that's only part of the equation. The number of jobs lost by firms rose 15 percent from the start of the recession to the first quarter of this year. These layoffs are real and painful for the...
  • Private Sector Job Cuts Ease in January

    02/04/2009 8:35:15 AM PST · by SonOfDarkSkies · 14 replies · 637+ views
    Private sector job losses slowed slightly in January, ADP Employer Services said on Wednesday in a report that came in slightly below economists' expectations. ADP said private employers cut 522,000 jobs in January versus a revised 659,000 jobs lost in December. The December job cuts were originally reported at 693,000. Economists had expected 530,000 private sector job cuts in January, according to the median of 27 forecasts in a Reuters poll, which ranged widely from a drop of 720,000 to losses of 495,000.
  • TIMES WARNS WEAK ADVERTISING HAS RIPPED PROFITS (uneven NYT's management upset shareholders)

    09/22/2006 3:05:30 AM PDT · by Liz · 49 replies · 1,001+ views
    NY TIMES ^ | September 22, 2006 | JANET WHITMAN
    The New York Times warned yesterday that its profit would fall short of Wall Street's expectations as it struggles to keep advertising dollars flowing into the newspaper giant. The latest bad news from the Gray Lady follows similar announcements from Wall Street Journal publisher Dow Jones and Dallas Morning News publisher Belo, as advertiser demand for print publications remains weak. The company has been on a rocky road the past year as a combination of an ad slump and uneven management upset shareholders. Just last week, Chairman Arthur "Pinch" Sulzberger and his cousin, Vice Chairman Michael Golden, said they would...
  • Times, Globe, Inquirer plan job cuts

    09/20/2005 4:23:13 PM PDT · by Criminal Number 18F · 30 replies · 1,007+ views
    UPI via Washington Times ^ | Sep. 20, 2005 at 6:13PM | UPI Staff
    Three of the most prestigious [sic] newspapers in the United States, the New York Times, Boston Globe and Philadelphia Inquirer, announced job cuts Tuesday. ... Like most other newspapers, the Times Co. and Philadelphia Newspapers have been hit by declining circulation and ad revenue as both readers and advertisers turn to the Internet.
  • Study finds dramatic loss of tech jobs

    10/18/2004 2:19:16 PM PDT · by baseball_fan · 10 replies · 547+ views
    CNET ^ | 10/18/04 | Ed Frauenheim
    Job trimming at technology companies took off during the past three months, according to a new report. Announced job cuts in the technology sector hit 54,701 in the third quarter, up 60 percent from the second quarter and 14 percent from the third quarter of 2003, according to a report Monday from employment services firm Challenger, Gray & Christmas. Challenger defines the technology sector as computer, electronics, telecommunications and e-commerce companies. John Challenger, CEO of Challenger, Gray & Christmas, blamed the cuts on pricing problems in the sector. "High-tech job cuts are on the way up as the end of...
  • Cuts to hit area hard (Some positions will be lost to outsourcing; cuts may be spread over time)

    04/28/2004 9:42:49 AM PDT · by Doohickey · 10 replies · 283+ views
    Richmond Times-Dispatch ^ | 4/28/04 | Carol Hazard
    <p>The area's largest nongovernment employer could reduce its work force by as much as 20 percent - or about 3,400 people companywide - in the next 18 months, according to documents obtained by The Times-Dispatch.</p> <p>Most of the cuts are expected to hit the Richmond area, where more than half of its employees work. By some estimates, about 2,550 jobs will be lost here.</p>
  • Volkswagen to cut 5,000 Jobs.

    03/09/2004 11:58:34 PM PST · by BooBoo1000 · 5 replies · 146+ views
    Toronto Star ^ | 3-9-04 | Staff Writer
    Click to launch Volkswagen cuts 5,000 jobs amid `lousy' profit outlook Firm targets $3.6 billion in savings Stock has lost 13% so far this year WOLFSBURG, Germany—German car maker Volkswagen AG announced plans yesterday to slash 5,000 jobs as part of a new cost-cutting drive as it warned of a "lousy" first quarter on top of last year's slump in profits. VW also warned that a goal of beating last year's operating profit before special items was ambitious, despite hefty cutbacks and the key launch of its Golf V hatchback. VW said the new efficiency program should reap an extra...
  • Layoffs at U.S. firms ease in December - report

    01/06/2004 8:09:24 AM PST · by Starwind · 3 replies · 129+ views
    Biz.Yahoo/Reuters ^ | January 6, 2004
    Layoffs at U.S. firms ease in December - report Tuesday January 6, 10:01 am ET NEW YORK, Jan 6 (Reuters) - Job cuts announced by U.S. employers fell modestly in December, a report said on Tuesday, and for the whole of 2003 they were 16 percent below 2002. Planned layoffs at U.S. companies fell to 93,020 in December from 99,452 in November, job placement firm Challenger, Gray & Christmas, Inc. said in its monthly report. For 2003, job cuts declined to 1,236,426 from 1,466,823. "The decline in job cuts is certainly welcome news, but it is difficult to get too...
  • U.S. firms' job cuts plunge 42 pct in Nov. -report

    12/02/2003 7:27:43 AM PST · by Starwind · 8 replies · 178+ views
    Biz.Yahoo/Reuters ^ | December 2, 2003
    U.S. firms' job cuts plunge 42 pct in Nov. -report Tuesday December 2, 10:04 am ET NEW YORK, Dec 2 (Reuters) - The number of job cuts announced by U.S. employers fell 42 percent in a holiday-shortened November after hitting a 12-month high in October, a report said on Tuesday. Planned layoffs at U.S. firms fell to 99,452 jobs in November from 171,874 in October, job placement firm Challenger, Gray & Christmas, Inc. said in their monthly job cut report. Job cuts announced so far this year amount to 1,143,406, 17 percent less than the same period a year ago....
  • U.S. Job Cuts Surge 125 Percent in Oct.-Challenger

    11/04/2003 7:47:38 AM PST · by Brian S · 26 replies · 205+ views
    Reuters ^ | 11-04-03
    Tue November 4, 2003 10:33 AM ET NEW YORK (Reuters) - The number of job cuts announced by U.S. employers surged 125 percent in October, after declining for two months, calling into question the strength of the recovery in the job market. Planned layoffs at U.S. firms shot up to 171,874 jobs in October, from 76,506 in September, job placement firm Challenger, Gray & Christmas said on Tuesday. Announced layoffs were at their highest since Oct. 2002, when 176,010 job cuts were announced. "With factors like technology, outsourcing, and consolidation working against job creation, any job market rebound we see...
  • Job cut announcements up 43%

    08/05/2003 1:23:15 PM PDT · by ex-snook · 131 replies · 314+ views
    CNN Money ^ | Aug 5, 2003 | Mark Gongloff,
    <p>NEW YORK (CNN/Money) - U.S. job-cut announcements jumped in July to their highest level in three months, an outplacement firm said Tuesday, another sign that the longest job-market slump since World War II continues.</p> <p>U.S. employers announced 85,117 job cuts in July, a 43 percent jump from 59,715 in June, according to Chicago-based outplacement firm Challenger Gray & Christmas, which publishes monthly tallies of job-cut announcements.</p>
  • Job cut announcements up 43%; Planned reductions jump to highest level since April

    08/05/2003 7:15:16 AM PDT · by Brian S · 16 replies · 205+ views
    CNN/Money ^ | 08-05-03
    <p>NEW YORK (CNN/Money) - U.S. job-cut announcements jumped in July to their highest level in three months, an outplacement firm said Tuesday, another sign that the longest job-market slump since World War II continues.</p> <p>U.S. employers announced 85,117 job cuts in July, a 43-percent jump from 59,715 in June, according to Chicago-based outplacement firm Challenger, Gray & Christmas, which publishes monthly tallies of job-cut announcements.</p>
  • Challenger: July US Job Cuts Up 43% From June

    08/05/2003 7:23:59 AM PDT · by Starwind · 54 replies · 253+ views
    Dow Jones Newswires | August 5, 2003 | Agnes T. Crane
    Challenger: July US Job Cuts Up 43% From June . NEW YORK (Dow Jones)--The deterioration in the labor market continued in July, but a recovery in capital spending may eventually spur job growth, outplacement firm Challenger, Gray and Christmas reported Tuesday. The firm counted 85,117 planned job cuts in July, 43% higher than the 59,715 cuts reported in June. Job cuts announced by U.S. corporations from the start of the year through July totaled 715,649, down 12% from the 814,493 reported during the same seven-month period last year. "If there is significant capital spending to compel to start hiring again"...
  • Ford eyes deep U.S. blue-collar job cuts - sources; 21,000 jobs of its blue-collar work force...

    08/01/2003 4:13:41 PM PDT · by Brian S · 49 replies · 596+ views
    Forbes/ ^ | 08-01-03
    DETROIT, Aug 1 (Reuters) - Ford Motor Co. hopes to eliminate about 21,000 jobs or 20 percent of its blue-collar work force over the life of a new collective bargaining agreement with the United Auto Workers union, sources familiar with the company's plans said this week. When it unveiled a multiyear turnaround plan to recover from a deepening financial crisis in January last year, the world's second largest automaker said it planned to cut about 12,000 hourly jobs, nearly all represented by the UAW. But sources close to the company said it was now looking at shrinking even further its...
  • CA: Drastic state job cuts seen (HammerTime!)

    12/06/2002 8:28:38 AM PST · by NormsRevenge · 21 replies · 343+ views
    Sac Bee ^ | 12/6/02 | Ed Fletcher
    <p>Thousands of state workers will be laid off as the state seeks to trim nearly half a billion dollars from its payroll next year, administration officials said Thursday.</p> <p>State workers surviving the layoffs will be asked to share the state's fiscal pain by forgoing pay raises now scheduled to take effect in July.</p>
  • Boeing to cut 5,000 more jobs

    11/20/2002 3:10:31 PM PST · by Inspectorette · 18 replies · 181+ views
    KATU-TV ^ | 11/20/2002
    Boeing to cut 5,000 more jobs SEATTLE - Boeing plans to cut another 5,000 jobs next year. Commercial Airplanes CEO Alan Mulally in Seattle told employees he hopes half the cuts will come from attrition, instead of layoffs. will have more details as soon as they are available. (Copyright 2002 by The Associated Press. All Rights Reserved.)
  • Abbott Labs to Cut 2,000 Jobs; Says 3rd-Quarter Net Rose 14%

    10/09/2002 11:14:25 AM PDT · by Tumbleweed_Connection · 4 replies · 284+ views
    Quicken ^ | 10/9/02
    ABBOTT PARK, Ill. -- Abbott Laboratories (ABT, news) reported a 14% increase in third-quarter net income and said it will cut about 2,000 jobs and eliminate 10 facilities, in a move to restructure global manufacturing operations and reorganize its U.S. diagnostics business. The pharmaceuticals giant said the restructuring plans will result in a fourth-quarter charge of $100 million to $125 million to write down manufacturing facilities and for employee severance costs. Abbott expects to see annual savings of $80 million to $100 million by 2005 once the plans are fully implemented. The restructuring also includes the company's international operations. Abbott...
  • Report: Dot-com job cuts top 1,000 for second month

    08/27/2002 2:48:40 PM PDT · by Mini-14 · 1 replies · 213+ views
    Computerworld ^ | August 27, 2002 | Linda Rosencrance
    Report: Dot-com job cuts top 1,000 for second month By LINDA ROSENCRANCE AUGUST 27, 2002 Outplacement firm Challenger, Gray and Christmas Inc. said dot-com job cuts exceeded 1,000 for the second month in a row. In August, dot-com companies announced plans to cut 1,193 jobs, just 557 fewer than the 1,750 cuts announced in July, according to Chicago-based Challenger, which tracks job cut announcements daily. Challenger said it was the first time this year that dot-com job cuts topped 1,000 for two consecutive months. Still, the August figure was 76% lower than the 4,899 job cuts recorded in the same...
  • US job cuts lowest in 14 months in July

    08/05/2002 7:40:09 AM PDT · by shrinkermd · 16 replies · 164+ views
    Reuters ^ | Monday August 5, 10:04 am Eastern Time | Staff
    NEW YORK, Aug 5 (Reuters) - Announcements of job cuts at U.S. companies fell to the lowest level in 14 months in July, a report showed on Monday, during a month in which a mere 6,000 jobs were created. U.S. companies announced 80,966 layoffs in July, down from 94,766 in June, a 15 percent drop, employment research firm Challenger, Gray & Christmas said. "While it is a positive sign that job cuts have slowed so significantly, the news is weakened by the fact that the economy seems to be in a no-growth state," said John Challenger, chief executive of Challenger...