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In another sign of the flagging economy, Pechanga Resort and Casino said yesterday that it plans to lay off more than 8 percent of its work force, or roughly 400 of its nearly 4,800 employees. The layoffs, to begin at a date still to be determined, will be the first in the 13-year history of the Temecula casino, which ranks among the biggest and most successful in the nation. With the move, Pechanga joins a number of Indian casinos in San Diego County and elsewhere that have trimmed their work force as attendance begins to reflect growing unemployment and soaring...

Siemens plans to cut 17,200 jobs worldwide By Richard Milne in Frankfurt Published: June 27 2008 21:11 | Last updated: June 27 2008 21:11 Siemens is to cut 17,200 jobs worldwide in an attempt to compete more effectively with rivals such as General Electric of the US and withstand the economic slowdown. The job cuts are among the largest in the German industrial conglomerate’s history and could revive debate in the country about companies slashing their workforces even as they make record profits, as Siemens did last year.

American Axle and Manufacturing Holdings Inc. said Wednesday it will cut its U.S. hourly work force by 2,000, or about 55 percent, as a result of a new contract ratified last week by the United Auto Workers union.

Lehman Brothers Holdings Inc (NYSE:LEH - News), the Wall Street investment bank, is laying off 5 percent of its work force, or about 1,430 people, because of difficult market conditions, a person briefed on the matter said on Monday. The cuts are being made across all divisions and regions, and employees affected are being notified on Monday, the person said. Lehman employed about 28,600 people as of November 30, 2007, according to the company's most recent annual report. The bank declined to comment. Before Monday, Lehman had eliminated close to 4,000 jobs in the last year. Many were in mortgage...

DETROIT -- The United Auto Workers and auto parts maker American Axle and Manufacturing Holdings Inc. went back to the bargaining table Friday, trying to end an 11-day strike that has affected factories in the U.S. and Canada. American Axle says its manufacturing workers can make up to $73.48 per hour in wages and benefits, three times the rate at its U.S. competitors.

Goldman Sachs set to cut 1,500 jobs Reuters Friday, January 25, 2008 LONDON — — U.S. investment bank Goldman Sachs plans to release about 5 per cent of its global work force in coming months, a company spokesman said on Friday. Details of the cuts, which are set to take place across the bank's departments, are set to be announced by March, said the spokesman, adding this is part of the normal employee evaluation process. “We conduct performance reviews every year and this is part of that process,” said the spokesman. Goldman Sachs employs about 30,500 people worldwide, meaning the...

ETROIT (AP) -- Cerberus Capital Management LP and leaders of the Chrysler Group will try to convince the leaders of the automaker's workers that their $7.4 billion deal will give workers better job security, restore Chrysler's health and not "strip and flip" the company by selling it off in pieces.

Advanced Micro Devices Inc. has laid off about 80 employees in Austin as part of a larger cost-cutting plan. The Sunnyvale, Calif.-based company last month reported a $611 million first-quarter loss, compared with a $185 million profit a year earlier, on sales that slid about 1 percent to $1.2 billion. Executives of AMD blamed the weak results on price competition from Intel Corp., its chief rival in the market microprocessors, and promised to trim costs, including job cuts. Travis Bullard, an AMD spokesman in Austin, told the Austin Business Journal in an e-mail that the 80 employees losing their jobs...

PHILADELPHIA — Layoff notices were given today to 71 newsroom employees at The Philadelphia Inquirer, about 17 percent of the paper's editorial staff, as it grapples with sharp declines in circulation and advertising revenue, union officials said. The layoffs, which will be effective Jan. 17, could be whittled down by workers who volunteer to leave for other jobs or retire, the Newspaper Guild of Greater Philadelphia said. "It's very sad," said Bill Ross, the Guild's local representative who is meeting with affected employees this morning. "There are multiple boxes of tissues." Company spokesman Jay Devine said the layoff number will...

It's a bad day at NBC," an insider says. A tipster reports a "big purge at Dateline...lots of layoffs today."

May 27, 2006 Disney Said to Be Considering Cost Cuts That Include Layoffs By LAURA M. HOLSON LOS ANGELES, May 26 — Walt Disney Studios is expecting a big summer with the release of the highly anticipated animated film "Cars" and the next installment in the popular "Pirates of the Caribbean" series. But not all is well in movieland — and changes are afoot. With a decline in DVD sales and the rising cost of making movies, Hollywood in general has been tightening its belt. And now Disney, as part of a long-term review, is contemplating layoffs, looking to rein...

Air Force Layoffs Include Academy Grads (Colorado Springs, CO) - The Air Force plans to lay off more than 17 - hundred lieutenants in the next year, including hundreds of recent Air Force Academy graduates. The cuts will be made in postitions such as security specialists and maintenence experts, but not pilots, satelilite specialists, or navigators. The Air Force hopes to cut four-thousand of it's more than 73 - thousand officers. Air Force spokleswoman Major Jennifer Stephens says the layoffs were triggered by an increase in the number of people staying in the service for full careers. Stephens says the...

The word "reinvent" is a dumb term, having an overtone of redundancy. After all, when you have invented something, it exists. You can revise it or change it, but you can't "reinvent" it after you have already invented it. I never heard the term when I first entered the workforce. But somewhere in the 1970s or so, corporate executives-began using the word, and using it a lot. Then as now, the nation had its usual economic ups and downs, but suddenly after one downturn, our nation was heavily laden with companies that had reinvented themselves. What happened is that after...

Back to Story - Help Mayor of New Orleans Announces Layoffs By AMY FORLITI, Associated Press Writer 21 minutes ago Mayor Ray Nagin said Tuesday the city is laying off as many as 3,000 employees — or about half its workforce — because of the financial damage inflicted on New Orleans by Hurricane Katrina.Nagin announced with "great sadness" that he had been unable to find the money to keep the workers on the payroll.He said only non-essential workers will be laid off and that no firefighters or police will be among those let go."I wish I didn't have to...

Philadelphia Newspapers Inc., publisher of The Inquirer and Daily News, said today it plans to eliminate 16 percent of newsroom jobs through buyouts or layoffs, blaming falling advertising revenues and circulation. The job cuts, similar to actions taken by other major newspapers in recent years, will reduce the number of Inquirer reporters and other newsroom employees by about 75, to 425, roughly its level in the early 1980s, according to union officials at the Newspaper Guild. The Daily News aims to cut about 25 positions, reducing its newsroom to 105 people, less than half the size at its peak in...

Associated PressBoeing-Wichita Issues 8,100 Layoff NoticesFriday March 11, 4:00 pm ET Boeing-Wichita Issues 8,100 Layoff Notices As Part of Sale Process to Onex Corp. WICHITA, Kan. (AP) -- Boeing Co. issued 8,100 layoff notices Friday as part of its sale of commercial aircraft operations in Wichita to Onex Corp., with those workers being asked to apply for their old jobs with the buyer. The 60-day notices went to 5,200 hourly and 2,900 salaried production and service workers, said Boeing spokesman Dick Ziegler. Engineers have not yet received pink slips.The notices are part of the separation and re-employment process required as...

NEW YORK (Reuters) - The number of planned layoffs in the United States rose for the second month in a row in May, with the retail sector registering the highest number of job cuts, according to a report on Tuesday. Outplacement firm Challenger, Gray & Christmas Inc., said planned job cuts rose by 1.6 percent to 73,368 in May compared with 72,184 in April. But the report showed monthly job cuts in May this year were 6.9 percent above those in May 2003, making this the first month since December that has seen a year-on-year increase. Layoffs hit a nine-month...

<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>

Faces on the Flight Line: Ex-US Airways mechanic has rough landing Layoff put him on path to bankruptcy after once making nearly $100,000 a year Sunday, March 21, 2004By Michael A. Fuoco, Pittsburgh Post-Gazette TAMPA, Fla. -- It was rainy and cold -- not a typical Tampa day. Steve Mellon, Post-GazetteOn cool Florida mornings, Sam Wood still wears his US Airways jacket even though he is no longer employed by the airline. Click photo for larger image. That seemed somehow appropriate to Sam Wood because he wasn't feeling typical himself. The usually upbeat, take-things-as-they-come kind of guy was on his...

Nov 13, 2003Franklin Mint Dismisses 200 Employees From Suburban Center The Associated Press FRANKLIN CENTER, Pa. (AP) - The Franklin Mint, a prominent collectibles maker, plans to lay off two-thirds of its employees in suburban Philadelphia, a company spokesman said. The company, seeking to implement a new restructuring plan, on Wednesday notified 200 workers at its Franklin Center site in Delaware County that they would be dismissed over the next several months, said spokesman Howard Lucker. Weakened by decreasing sales of figurines, Franklin Mint plans to shift its focus to production of die-cast cars, airplanes and Harley-Davidson collectibles. "We're going...

Remington Arms plant to be shut down for a month By CHICK PERRY-Telegram Staff Writer ILION - Employees at the Remington Arms Company plant in Ilion were informed in a letter Thursday from Plant Manager Paul Cahan that the plant will be shut down for the month of December and on Jan. 2. The letter distributed to all of the company's approiximately 940 employees stated: "Due to the weak economy, Remington sales are down for the year 2003. As a result, it is necessary to make an adjustment to our production schedule. After considering various alternatives, we have decided to...

Musicland Group Inc. reportedly plans to close 150 stores by the end of the year. The Minnetonka-based music and movies retail chain currently operates 1,100 stores under the names Media Play, Sam Goody and Suncoast Motion Picture Co. The company also plans to lay off 900 employees. Musicland didn't announce which stores will be closed but reportedly six of 29 stores in Minnesota could be affected. Musicland has been reorganizing its operations since it was taken over in June by Sun Capital Partners, a private investment firm based in Boca Raton, Fla. Like many music stores, Musicland has suffered sales...

Fargo’s Global Electric Motorcars will lay off 100 of its 185 workers over the next two months, GEM and DaimlerChrysler officials said Monday. The company’s production line for its battery-powered vehicles was idled Monday as workers were told who would stay and who would go, company officials said. The layoffs, classified as permanent, are needed for the company to stay competitive in the neighborhood electric vehicle market, GEM President Rick Kasper said. Most of the cuts will fall on production workers, he said. GEM was purchased by DaimlerChrysler in October 2000. DaimlerChrysler then dramatically boosted GEM’s production by ordering about...

Boeing plans to cut 5,000 more jobs By David Bowermaster Seattle Times aerospace reporter Boeing plans to announce today that it will cut another 5,000 jobs by the end of the year from its beleaguered commercial-airplanes unit. The news comes despite a recent flurry of big orders and signs of a recovery in air travel. The Boeing division, headquartered in the Puget Sound area, has already laid off nearly 35,000 people nationwide since the terrorist attacks of Sept. 11, 2001. Boeing Commercial Airplanes Chief Executive Alan Mulally strongly hinted at the Paris Air Show last month that more layoffs could...

<p>Six Arab states have told the United States to stop threatening Syria.</p> <p>Representatives from the six countries - Kuwait, Qatar, Oman, Saudi Arabia, Bahrain and the United Arab Emirates - were in Riyadh, Saudi Arabia, Tuesday for a meeting of the Gulf Cooperation Council, a political, economic and military alliance. Those countries together own nearly half the world's oil reserves.</p>

Spending: Having spent themselves into a hole, politicians are trying to make us feel sorry for them as they devise ways to climb out with anything but real cuts. Watch your wallet and listen up. The terms used as they work through their problems are right out of Alice in Wonderland. Herewith, a short though incomplete list. cuts, n. Reductions not in dollars spent but in the rate at which spending is allowed to increase. The University of California budget, up 68% in eight years, is said to face "extraordinarily significant cuts," though it's scheduled for a 4.9% increase. Draconian,...

HP describes plans to lay off entire design teams By Rick Merritt EE Times March 11, 2002 (6:08 p.m. EST) SAN MATEO, Calif. — If shareholders approve the merger of Hewlett-Packard Co. and Compaq Computer Corp. next week, the combined company will move quickly to lay off several entire design teams. Using a so-called "adopt and go" strategy formulated by members of a 900-person integration team, the staffs of operations for the combined company's best products as identified by the team could increase 10 percent to 20 percent, while most employees would be laid off at product groups that are...

Space industry stuck on its launch pad By Tim Bowler - BBC World Business Report Rocket launches 1997 - 60 1998 - 49 1999- 48 2000 - 44 2001 - 28 source - Boeing Five years ago, the world's space industry was going through a boom. Companies such as Iridium and Globalstar were ordering whole fleets of communications satellites. This was in preparation for what they confidently predicted would be a surge in demand for satellite phones from people frustrated by the lack of coverage from land-based mobile networks. But the promised demand didn't happen, and now the space...

Market bear bites: Stock traders themselves losing jobs and benefits By Amy Baldwin / Associated Press Sunday, October 20, 2002 NEW YORK - Darren Adamchak's Wall Street career appeared to be accelerating even as the stock market swooned. Then, all of a sudden, it all turned bad. Four months after getting a remarkable bump up to a vice president's position at Deutsche Asset Management, Adamchak was let go in a round of layoffs. "I was promoted within a year, which is astronomical," the 30-year-old European portfolio analyst said. "I was doing a great job." Now, he has joined the growing...

Country's `Silicon Valley' booming 2002-09-09 by Cydney Gillis Journal Business Reporter You or someone you know has either lost a job or an investment in the high-tech sector in the past two years. It's been hard, but it can't be helped. The high-tech bubble burst in 2000. But not everywhere. While American software and technology companies languish, laying off thousands of workers each week, India's tech sector has been growing by leaps and bounds. In the fiscal year ended March 31, India's software exports grew from $6.2 billion to $7.7 billion -- a mere 23 percent increase in a 10-year...

Congress May Bear Brunt of H-1B Anger Grass-roots objections to visa program conflict with lobbyist efforts to raise cap By PATRICK THIBODEAU AUGUST 19, 2002WashingtonWhen IT companies announce layoffs, Rob Sanchez, an unemployed programmer who says he lost his job because of the H-1B visa program, usually sees a traffic spike from the downsizing company's domain on his Web site, Zazona.com. Sanchez says visitors to his Web site are checking to see if their company is using H-1B workers. Using federal Freedom of Information Act requests, Sanchez has built an online database of approximately 1.1 million "labor condition applications" that...

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...