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Keyword: jobs

Brevity: Headers | « Text »
  • The Obamacare Nightmare Comes True

    11/13/2012 1:39:42 PM PST · by Kaslin · 52 replies
    Rush Limbaugh.com ^ | November 13, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: A bunch of CEOs are in Washington. These people are beside themselves. They're having to hire outside consultants to pore through the Obamacare legislation and advise them, tell them what they have to do to comply. And they are asking for some kind of relief. You've got John Schnatter at Papa John's pizza, the Applebee's people and a number of other restaurant chains are saying, "We have no choice." If they're gonna keep our products priced where they are, which is the price they've all determined is the most sensible for profit stability and affordability for customers,...
  • The Obamacare Nightmare Comes True (cost to businesses)

    11/13/2012 1:46:53 PM PST · by NYer · 3 replies
    Rushlimbaugh.com ^ | November 13, 2012 | Rush Limbaugh
    RUSH: A bunch of CEOs are in Washington. These people are beside themselves. They're having to hire outside consultants to pore through the Obamacare legislation and advise them, tell them what they have to do to comply. And they are asking for some kind of relief. You've got John Schnatter at Papa John's pizza, the Applebee's people and a number of other restaurant chains are saying, "We have no choice." If they're gonna keep our products priced where they are, which is the price they've all determined is the most sensible for profit stability and affordability for customers, they're gonna...
  • NBCUniversal Cuts About 500 Employees [Less Than One Week After Election!]

    11/12/2012 9:06:06 PM PST · by Steelfish · 27 replies
    LA Times ^ | November 12, 2012 | Meg James
    NBCUniversal Cuts About 500 Employees NBC Studios in Burbank. Parent company NBCUniversal is cutting about 500 jobs By Meg James November 12, 2012 In a round of year-end belt tightening, NBCUniversal is cutting about 500 employees, or about 1.5% of its total workforce. The cuts are distributed throughout the media company, which boasts nearly 30,000 employees, according to a person close to the situation who asked not to be identified discussing the sensitive topic. Some of the layoffs have already occurred. Two months ago, "The Tonight Show with Jay Leno" eliminated about two dozen of its crew in an effort...
  • Carrollton-based company issues layoff warning for 459 Dallas employees

    11/12/2012 4:31:02 PM PST · by Red Steel · 3 replies
    wfaa ^ | November 12, 2012 at 11:07 AM Updated today at 12:50 PM
    DALLAS -- Wingspan Portfolio Advisors, a Carrollton-based loan servicing company, will layoff more than a quarter of its workforce at the end of the year. Wingspan issued a Workers Adjustment and Retraining Notification Act (WARN) letter on Nov. 5 to the Texas Workforce Commission informing them all 459 employees at the Dallas location will be terminated effective December 31, 2012. The business is "an award-winning diversified servicing company" and "offers a wide-range of services to assist the mortgage industry in virtually every aspect of delinquent loan servicing," according to the company's website. The site says the company has nearly 1,700...
  • Hostess to Close Selected Bakeries Due to Nationwide Strike

    11/12/2012 4:28:22 PM PST · by mdittmar · 21 replies
    Hostess Brands ^ | November 12, 2012 | Hostess Brands
    Irving, TX – November 12 - Hostess Brands Inc. announced today that it will permanently close three bakeries today as a result of a nationwide strike initiated on November 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (Bakers Union) that has prevented the facilities from producing and delivering products. "Our customers will not be affected because we will continue to serve them from other Hostess Brands bakeries, but sadly this action will result in the permanent closure of three facilities and the loss of 627 jobs," said Hostess Brands CEO Gregory F. Rayburn.  "We deeply regret this...
  • Kroger to Slash Hourly Workers to Avoid Obamacare Penalties

    11/12/2012 12:05:46 PM PST · by tobyhill · 176 replies
    Flopping Aces ^ | 11/4/2012 | Doug Ross
    Operative Faith reveals that Kroger will soon join the ranks of Durden Restaurants and slash the hours of its non-exempt (hourly) workers to avoid millions in Obamacare penalties. To give you a sense of Kroger’s size and importance, its sales last year were $90 billion and it employs nearly 350,000 people. Most of its jobs are hourly and the vast majority of workers are neither millionaires or billionaires. Faith is a mid-level manager at Kroger and reports the dire news: Last week we found out that, beginning in January, any employee who is not full-time at that point,will be limited...
  • CEO of Papa John's says employees' hours will likely be cut due to ObamaCare (GOOD!)

    11/11/2012 7:11:37 PM PST · by tobyhill · 47 replies
    fox news ^ | 11/11/2012 | fox news
    The CEO of popular pizza chain Papa John's says his employees may face reduced hours and he expects his business costs to rise because President Obama's re-election most likely insures the president's health care reform law will be implemented in full. NaplesNews.com reports John Schnatter made the remarks to a small group at Edison State College's Collier County campus the day after the election. Schnatter, who supported Mitt Romney in the election, said all Americans having health insurance under ObamaCare is a good, but estimates the change will cost Papa John's $5 million to $8 million annually. Schnatter estimated that...
  • Manufacturing Jobs Available - 2 Companies of CBS 60 Minutes Segment This Evening 11/11/2012

    11/11/2012 6:16:55 PM PST · by First_Salute · 31 replies
    CBS 60 Minutes - Alcoa Howmet - Click-Bond | November 11, 2012 | none
    The CBS 60 Minutes segment, "Three million open jobs in U.S., but who's qualified?"
  • Do not cave-in to the so-called "dream act"

    11/11/2012 4:49:52 PM PST · by Jim Robinson · 70 replies
    Nov 11, 2012 | Jim Robinson
    The dream act is a socialist democrat dream come true. And a nightmare for liberty minded Americans. The dream act solves no problems. Amnesty solves no problems. The border will not be enforced and instead will be flung wide open. We do not have jobs for Senator Graham's "eleven million" illegal aliens already here and their offspring nor the other eleven or twelve million he's not counting and their offspring and all their relatives that will be following. We cannot afford the welfare, foodstamps, housing, education, healthcare, EITC, etc, that they demand. And the flood across the borders will be...
  • The Obamacare Layoffs Begin...

    11/11/2012 8:24:58 AM PST · by Libloather · 16 replies
    National Review ^ | 11/09/12 | Jillian Kay Melchior
    The Obamacare Layoffs Begin...By Jillian Kay Melchior November 9, 2012 12:25 P.M. The Obama health-care law’s adverse effects on employment are no secret. But it’s one thing to look at the economics, and it’s quite another to hear it firsthand from a small-business owner who’s being forced into an untenable position. Yesterday, a Las Vegas business owner fired 22 of his 144 employees, phoning in anonymously to a local radio host and explaining how the decision was directly caused by President Obama’s reelection. The interview is articulate and nuanced, worth listening to in its entirety. But here’s the jist of...
  • Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

    11/11/2012 6:16:21 AM PST · by SeekAndFind · 26 replies
    The Economic Collapse Blog ^ | 11/10/2012 | Michael Snyder
    By Michael, on November 9th, 2012 The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you have never tried to run a small business, then you have no idea...
  • Thousands of banks may disappear: Wall Street-Obama's 2nd term will be death knell for small banks

    11/10/2012 11:51:44 PM PST · by 2ndDivisionVet · 24 replies
    CNN Money ^ | November 9, 2012 | Stephen Gandel, senior editor
    Do we need to worry about Too Small to Survive? Now that President Obama has been re-elected, analysts, consultants and dealmakers have turned from whether Dodd-Frank will be repealed to what it means for banks now that it's likely here to stay. The overwhelming conclusion: Thousands of small banks will soon disappear. Emmett Daly, a Sandler O'Neill dealmaker who specializes in small banks, predicted at an industry conference put on by Mergermarket on Thursday that the number of banks in the U.S. would shrink to a few hundred. There are currently more than 7,000. Bill Egan, head of financial institutions...
  • Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release

    11/10/2012 11:47:59 AM PST · by Perdogg · 34 replies
    While there had been speculation that the BLS may delay the release of its October nonfarm payroll number until after the election, it turned out there was no reason to worry. Perhaps this is because the number, while at stall speed, was not quite as horrible as some had expected (even if the change in average hourly earnings did tumble to new all time lows) and so boosted Obama's reelection chances. There was, however, another closely tracked number which perhaps is far more indicative of the economic "growth" in the past 4 years, which certainly had a delayed release. The...
  • Virginia: DuPont to cut 64 local jobs

    11/10/2012 11:54:23 AM PST · by Arthurio · 9 replies
    DuPont Co. plans to cut 64 jobs in the Richmond area as part of a larger corporate restructuring announced in October. The affected jobs are salaried positions, a company spokeswoman said Friday. DuPont notified state officials through a WARN act notice, which said the cuts would by occur by Dec. 31.
  • Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

    11/10/2012 7:19:18 AM PST · by blam · 39 replies
    TEC ^ | 11-9-2012 | Michael Snyder
    Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can By Michael Snyder on November 9th, 2012 The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you...
  • Momentive Inc. plans temporary layoffs for 150

    11/09/2012 12:50:28 AM PST · by My Favorite Headache · 5 replies
    About 150 workers at Sistersville's Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week. Citing a reduction in customer demand and a weak economy, the company will lay off workers for a two week period beginning Nov. 12 and ending Nov. 25, with workers returning to the job Nov. 26. According to John Scharf, spokesperson for Momentive Performance Materials Inc., temporary layoffs due to reduced demand are commonplace in manufacturing. "There are slow downs like this at various times, where we don't receive many orders as other times of the year," he said....
  • W-B officials to announce mandatory layoffs

    11/09/2012 12:45:22 AM PST · by My Favorite Headache · 6 replies
    Wilkes-Barre city employees will know by the end of the week if their jobs are safe from furloughs during the final six weeks of the year, city officials said Wednesday. In October, the city asked its nearly 300 employees to take voluntary furloughs to patch a $2 million deficit. But the number of employees who accepted them by last Friday's deadline was not enough to solve the city's budget woes, forcing the city to resort to mandatory furloughs, city spokesman Drew McLaughlin said. McLaughlin said officials are still determining how they can reduce the work force without diminishing services. The...
  • 600 Layoffs At Groupon

    11/09/2012 12:42:05 AM PST · by My Favorite Headache · 8 replies
    Groupon is firing some employees today. A source familiar with the situation puts the number at 80. This is a significant number of people, obviously, but it's also a very small percentage of Groupon's 10,000+ global employees. Groupon is reporting Q3 earnings this evening. Management will presumably describe the details of these layoffs on the call. The source familiar with the situation suggests the cuts are part of a sales and marketing "optimization" effort that Groupon management alluded to on the last earnings call. UPDATE: Groupon disclosed that it has cut more than 600 jobs from its salesforce in the...
  • More layoffs announced at Anniston weapons incinerator

    11/09/2012 12:37:59 AM PST · by My Favorite Headache
    Anniston Star ^ | 11/9/12
    The company that operated Anniston’s chemical weapons incinerator has 50 fewer workers today as part of continuing efforts to close down the facility. According to a Wednesday press release from Westinghouse Anniston, the contractor responsible for shutting down the facility, the employee drawdown today will affect 50 workers at the Anniston Chemical Agent Disposal Facility. The facility reached another closure milestone and so no longer needs the labor. Workers there destroyed the last of Anniston’s chemical weapons stockpile in September 2011 and has been undergoing closure efforts ever since. The release states that the layoffs are expected to be a...
  • Murray Energy confirms 150 layoffs at three subsidiaries

    11/09/2012 12:35:24 AM PST · by My Favorite Headache · 7 replies
    WTOV ^ | 11/9/2012
    Steubenville, OH — NEWS9 got confirmation that Murray Energy Corporation and its subsidiaries will be laying off more than 150 employees. The company is citing President Barack Obama's administration as the main reason why the layoffs were made. In a letter given to employees, Bob Murray, company president, claimed several other reasons why this is being done. Specifically, he cited drastically reduced economic activity, reduced electric power consumption, total destruction of the coal industry by as early as 2030 and the enactment of twelve regulations pending from the Obama administration. Here's how the layoffs break down: 102 people are being...
  • 130 laid off in Minn. dairy plant closure

    11/09/2012 12:12:57 AM PST · by My Favorite Headache · 18 replies
    130 laid off in Minn. dairy plant closure by Mark Steil, Minnesota Public Radio WORTHINGTON, Minn. — New Ulm-based Associated Milk Producers Incorporated says it will close a plant in southwest Minnesota and lay off 130 employees. An AMPI official said its plant in Dawson will close sometime after Jan. 1, 2013. The plant makes cheese sauces and puddings that can be stored at room temperature. AMPI sold the "shelf stable" part of its business recently to Bay Valley Foods, but the Dawson plant itself was not included in the deal. AMPI communications director Sarah Schmidt said the company will...
  • Stanford brake plant to lay off 75

    11/09/2012 12:01:05 AM PST · by My Favorite Headache · 1 replies
    Kentucky.com ^ | 11/9/12
    arent company cites lower demand By Scott Sloan — ssloan@herald-leader.com The leader of an automotive parts plant in Lincoln County has told state officials that there are plans to lay off 75 workers starting in late December. The layoffs at Brake Parts LLC were disclosed Oct. 29 in a filing that government officials require before large layoffs. The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013, plant manager Janet Smith wrote in the filing. The site produces automobile and truck disc brakes, according to a directory of manufacturing plants maintained by the state...
  • TurboCare, Oce laying off more than 220 workers

    11/08/2012 11:58:36 PM PST · by My Favorite Headache · 8 replies
    More than 220 workers in Manchester and East Hartford face layoffs in the coming weeks, according to notices filed with the state. TurboCare Inc., which makes parts for gas and steam turbines, plans to close its Manchester plant and lay off all 88 of its employees, a notice filed with the state Labor Department says. The plant, at 80 Sheldon Road opposite the Manchester post office, will close on Dec. 31, according to the filing, known as a Worker Adjustment and Retraining Notice, or WARN notice. The work is being moved to a company plant in Massachusetts, the notice says....
  • ATI plans to lay off 172 workers in North Richland Hills

    11/08/2012 11:56:36 PM PST · by My Favorite Headache
    Star Telegram ^ | 11/9/12
    NORTH RICHLAND HILLS -- ATI Schools & Colleges plans to lay off 172 employees by Dec. 31, according to notices sent to the Texas Workforce Commission last week. ATI is laying off 122 people at its home office at 6331 Boulevard 26 in North Richland Hills, according to an Oct. 31 letter citing the Worker Adjustment and Retraining Notification Act of 1988. That notice explains that ATI has decided to reduce its workforce at that location. An additional 50 people are expected to be laid off from ATI Career Training Center No. 30, at nearby 6351 Boulevard 26, according to...
  • SpaceX claims its first victims as Rocketdyne lays off 100

    11/08/2012 11:53:10 PM PST · by My Favorite Headache · 3 replies
    KPCC ^ | 11/9/12
    Not SpaceX directly. NASA is backing off from running its own missions - and is turning over the servicing of the International Space Station to commercial space companies like SpaceX. Elon Musk's Hawthorne-based startup just recovered the capsule from its first mission to the ISS on a $1.6 billion contract. But the money that NASA is spending on SpaceX and others who are offering lower-cost private missions is money it won't be spending on Rocketdyne, which was sold in July by parent company United Technologies to GenCorp for $550 million. So Pratt & Whitney Rocketdyne is lay ing off 100...
  • Providence Journal lays off 23 full-time employees

    11/08/2012 11:50:49 PM PST · by My Favorite Headache · 2 replies
    Providence Journal lays off 23 full-time employees PROVIDENCE, R.I. -- The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees. The cutback represents 5 percent of The Journal's workforce. The reductions come about two months after 11 employees accepted a voluntary separation offer. "Given a persistent softness in advertising revenue and the resultant impact on our earnings, it is necessary that we reduce our cost structure," said Howard G. Sutton, publisher, president and chief executive officer, in a statement. "It is always...
  • CVPH lays off 17 as part of fiscal belt-tightening

    11/08/2012 11:48:33 PM PST · by My Favorite Headache · 3 replies
    PLATTSBURGH — CVPH Medical Center has handed pink slips to 17 employees. The layoffs — nine in management and eight hourly staffers — are part of an effort to “help bolster the hospital’s financial position in 2013 and beyond,” the hospital said in a statement. “We received direction from our Board of Directors to move forward in an in-depth and thoughtful fashion” to determine which positions would be cut, CVPH President Stephens Mundy said in an interview. “We made sure that we looked throughout the organization in making our decision.” The management cuts included a top-level administrator, though Mundy would...
  • New Energy Lays Off 40 Employees

    11/08/2012 11:42:54 PM PST · by My Favorite Headache · 2 replies
    Published: Friday, November 9, 2012 Indiana's oldest ethanol plant has shut down indefinitely. New Energy Corp. President Russ Abarr said the plant shut down last week, resulting in the layoff of 40 employees. "We've been looking at what we can do and trying to avoid it," Abarr said. "The decision to lay off long-standing, dedicated employees of New Energy was extremely difficult. Abarr says an undetermined number of workers will stay on the job as the plant that opened in 1984 prepares to remain idle for at least several months. Abarr says he believes the plant will reopen sometime in...
  • 102 Utah miners laid off because of 'war on coal,' company says

    11/08/2012 11:28:29 PM PST · by My Favorite Headache · 5 replies
    Desert News ^ | 11/9/12
    EAST CARBON, Carbon County — A Utah coal company owned by a vocal critic of President Barack Obama has laid off 102 miners. The layoffs at the West Ridge Mine are effective immediately, according to UtahAmerican Energy Inc., a subsidiary of Murray Energy Corp. They were announced in a short statement made public Thursday, two days after Obama won re-election. The layoffs are necessary because of the president's "war on coal," the statement said. The slogan is one used frequently during the election by Murray Energy CEO Robert Murray, who was an ardent supporter of Republican presidential candidate Mitt Romney....
  • U.S. Cellular drops Chicago, cuts 640 local jobs

    11/08/2012 11:18:20 PM PST · by My Favorite Headache · 15 replies
    U.S. Cellular will sell markets including Chicago to units of Sprint Nextel Corp. for $480 million. The move will result in 980 job cuts at U.S. Cellular, with 640 in the Chicago area, according to a spokeswoman. The cuts are slightly under 12 percent of the approximately 8,400 total employees U.S. Cellular had at the end of the third quarter. The company plans to keep its headquarters in Chicago, President and CEO Mary Dillon said on a conference call this morning, according to a transcript. The Chicago White Sox also will continue to play at U.S. Cellular Field. "Our naming...
  • FirstEnergy to cut 400 jobs by 2016, cites lower prices, competition

    11/08/2012 11:05:40 PM PST · by My Favorite Headache · 3 replies
    AKRON, Ohio -- FirstEnergy expects to cut up to 400 jobs by 2016 as it struggles to stay profitable in a lackluster economy that has led to continued low demand and low power prices. Anthony Alexander, chief executive officer, revealed the coming job cuts Thursday during a public teleconference with financial analysts about the company's third quarter financial results. He said the reductions would be made through "normal attrition" beginning next year. FirstEnergy issued pink slips a week ago to 142 employees, but the actual number of positions eliminated was 200. The 58 other were open spots. Headquartered in Akron,...
  • Career Education cutting 900 jobs, closing 23 campuses

    11/08/2012 11:02:03 PM PST · by Arthurio · 4 replies
    Career Education Corp., owner of for-profit cooking school Le Cordon Bleu and health-care college Sanford-Brown, said Thursday it will cut 900 jobs and close 23 campuses. It made the announcement as it reported a $33.1 million net loss for the third quarter.
  • Mine Owner Blames Obama Administration for Layoffs (54 Fired Last Night)

    11/08/2012 10:51:22 PM PST · by My Favorite Headache · 8 replies
    GALATIA -- A local coal mine is cutting jobs and blaming it on politics. American Coal in Galatia laid off 54 miners on Wednesday, saying President Barack Obama's re-election is bad news for the coal industry. Layoffs are never easy for those losing their jobs, but for a region already economically depressed, the loss of 54 jobs cuts deeply. The sting is made all the more worse knowing the move could be politically motivated. "There is no question that the United States coal industry is being destroyed by the actions of Barack H. Obama," said Bob Murray, CEO of Murray...
  • Canceled program costs 115 jobs at Ohio air base

    11/08/2012 10:50:33 PM PST · by Arthurio · 7 replies
    Updated: Nov 08, 2012 4:26 PM PST DAYTON, Ohio (AP) - The Air Force says the cancellation of a computer modernization program will cost 115 contract employees their jobs at Wright-Patterson Air Force base in Ohio. Base spokesman Daryl Mayer said Thursday that cancellation of the Expeditionary Combat Support System program also means that an additional 55 civilian and military employees will be reassigned from that program.
  • AMD Trims Austin Workforce - 400 Jobs Slashed

    11/08/2012 10:48:09 PM PST · by My Favorite Headache · 9 replies
    NASDAQ ^ | 11/9/12
    Advanced Micro Devices Inc. ( AMD ) has eliminated approximately 400 jobs from its Austin workforce in order to reduce operational costs. This layoff is an attempt by AMD to optimize its cost structure and thereby improve its competitiveness. The restructuring announcement came as part of AMD's third-quarter 2012 earnings release. The company had planned to eliminate 15% of its workforce, or about 1,800 jobs but did not mention local layoffs. The company had nearly 2,500 workers in Austin at the time. These layoffs are expected to reduce the cost base by 25% and generate total annualized cost savings of...
  • 100 Workers Lose Jobs As Caterpillar Closes Plant In Owatonna (Minnesota)

    11/08/2012 10:47:44 PM PST · by Arthurio · 8 replies
    KAALTV ^ | 11-8
    (ABC 6 News) -- An announcement by Caterpillar Inc. on Thursday will cost 100 employees their jobs. The world's leading manufacturer of Construction and Mining equipment will close its plant in Owatonna. Workers we spoke with say their last day will be March 1st, 2013. Caterpillar Inc., or CAT, says the decision came as a response to weak demand for their forestry manufacturing equipment. "These decisions are never easy ones to announce/ they're not easy to hear so we understand and regret that- that our employees and their families are forced with this announcement," says CAT spokesperson, Rachel Potts.
  • TE Connectivity to close Guilford plant, lay off 620

    11/08/2012 10:41:49 PM PST · by My Favorite Headache · 3 replies
    Biz Journal ^ | 11/9/12
    TE Connectivity, which makes electrical connectors for appliances and other devices, will close its factory in north High Point and eliminate 620 jobs, according to a company official. The closure and layoffs will happen in phases through the end of 2013, said Tom Peacock, a spokesman for the Pennsylvania-based firm said. TE Connectivity (NYSE: TEL) was known as Tyco Electronics until a name-change in 2011. Peacock said the closure of the facility will not impact the company’s other Triad facilities, and 50 employees from the closing factory will be transferred locally. TE Connectivity has three other Triad facilities. Peacock said...
  • More Layoffs for Major Wind Company (3,000 Jobs Cut)

    11/08/2012 10:38:17 PM PST · by My Favorite Headache · 3 replies
    A global wind company with offices in the Pacific Northwest has announced more layoffs. Vestas says it will cut an additional 3,000 jobs by the end of 2013. That nearly doubles the number of jobs the wind turbine company had planned to eliminate. Most recently Vestas it would layoff 3,700 people by the end of 2012. Vestas has not said where jobs will be cut from its global workforce, though some of the job eliminations happen as the company sells off some manufacturing facilities. That means workers will be employed through a different company. Vestas’ North American sales and service...
  • Cigna to Lay Off 1,300 Workers Worldwide

    11/08/2012 10:34:50 PM PST · by My Favorite Headache · 13 replies
    KTEN-TV ^ | 11/9/12
    DENISON,TX--- One international company with local offices will be eliminating jobs. Cigna announced November 1st that 1,300 jobs will be cut worldwide now through June 2013. A cigna rep says only a small number of these jobs will in Denison. He says most of the layoffs will occur in Europe. "The largest impact in the United States is going to be in our home state, where our headquarters is, in Connecticut of about 200 people. Then all the other actions are going to be smaller and spread throughout all of our offices and operations throughout the United States," Cigna Corporation's...
  • Ameridose to lay off hundreds of workers

    11/08/2012 10:32:23 PM PST · by My Favorite Headache · 4 replies
    Boston Herald ^ | 11/9/12
    The shuttered sister company of the Framingham pharmacy at the center of the nation’s deadly meningitis outbreak is laying off hundreds of workers, including many permanently, as it struggles under a temporary closing order issued last month amid questions about its sterility process. Westboro-based Ameridose LLC notified workers in a letter that it would begin a “mass layoff” starting tomorrow, a process that will affect roughly 650 workers at the company and another 140 at the marketing company, Medical Sales Management, with which it works directly. The companies have the same owners as New England Compounding Center, the Framingham company...
  • CBO: Fiscal cliff will mean recession, rise in unemployment (Just do nothing and let it go)

    11/08/2012 6:15:21 PM PST · by tobyhill · 50 replies
    politico ^ | 11/8/2012 | By STEVEN SLOAN
    The Congressional Budget Office offered a sobering assessment of the economic implications of plunging off the fiscal cliff Thursday, just as lawmakers prepare for a fight over taxes and spending. If Congress and the Obama administration allow scheduled tax increases and spending cuts to occur, the economy will shrink by 0.5 percent in 2013. The unemployment rate would soar to 9.1 percent — up from 7.9 percent today. Senate Finance Committee Chairman Max Baucus (D-Mont.) asked for the report and said the findings are another reminder of the need to find an alternative to the tax increases and spending cuts...
  • CBO: ‘Fiscal Cliff’ Could Trigger Recession (Oh well! America asked for it)

    11/08/2012 3:10:09 PM PST · by tobyhill · 24 replies
    Wall Street Journal ^ | 11/8/2012 | COREY BOLES
    The fiscal cliff would drive the U.S. economy back into recession next year and result in a jump in the jobless rate to 9.1% by the end of 2013, a new report from the Congressional Budget Office said. The CBO said economic output would drop by 0.5 percentage point in 2013 if Congress fails to act to avert the tax increases and spending cuts put in motion by an earlier deficit agreement. But the CBO added the U.S. economy would in the longer run return to better growth rates and lower employment. The CBO, the independent budget arm of Congress,...
  • RIM Reportedly Cuts 200 Jobs In Irving, Texas Office (4,800 more coming)

    11/08/2012 1:26:38 PM PST · by My Favorite Headache · 18 replies
    Forbes ^ | 11/8/2012
    Research in Motion yesterday laid off about 200 people at its U.S. headquarters in Irving, Texas, the Dallas Morning News is reporting. RIM confirmed that there were layoffs in Irving, the story says, but would not say how many jobs were cut. According to the newspaper, RIM denied that it has plans to close the Irving office, which according to the story had about 700 employees before the recent cuts. The story says that according to a source, most of the job cuts were to call center staff. Update: Here’s RIM’s official statement on the situation: RIM is on target...
  • Nextel to cut 20% of jobs at Virginia headquarters

    11/08/2012 12:58:39 PM PST · by Arthurio · 18 replies
    telecompaper ^ | 11-7-12
    Nextel to cut 20% of jobs at Virginia headquarters Wednesday 7 November 2012 | 11:09 CET | News NII Holdings, which operates mobile services under the Nextel brand in Latin America, announced that it is taking actions to realign certain resources and roles between its headquarters and market units in order to create a stronger and more agile organization, and to facilitate future growth. As part of this strategy, the company is reassigning select positions located at its headquarters to its operations in Latin America and eliminating certain positions at its corporate headquarters in Virginia (US). In total, the company...
  • U.S. Cellular to sell Chicago customers to Sprint, shed hundreds of local jobs

    11/08/2012 12:53:20 PM PST · by Arthurio · 11 replies
    November 7, 2012 Staff and Wire reports U.S. Cellular is selling its Chicago customers to Sprint and shedding hundreds of local jobs. Sprint is buying U.S. Cellular markets in the Midwest for $480 million to boost its network capacity in that region. CEO Mary Dillon said Wednesday morning that U.S. Cellular customers won’t see any immediate changes and that it will likely take months for the FCC to approve the deal. Dillon said the deal will mean job losses in Chicago and around the Midwest. "In Chicago, it’s about 160," Dillon said. "In the greater Chicago area, about 680 and...
  • Pratt & Whitney Rocketdyne Cuts Valley Workforce

    11/08/2012 12:44:38 PM PST · by Arthurio · 11 replies
    Wednesday, November 7, 2012 Rocket engine manufacturer Pratt & Whitney Rocketdyne Inc. cut 100 salaried and hourly positions Wednesday as a response to an uncertain future of the space industry and the general economic climate. Seventy five of those positions were eliminated in its two San Fernando Valley facilities – one on Canoga Avenue in Canoga Park, and the other at DeSoto Avenue and Nordhoff Street in Chatsworth. The layoffs bring total Valley employees to 1,100.
  • TE Connectivity to close Greensboro plant, 620 layoffs expected

    11/08/2012 12:39:27 PM PST · by Arthurio · 10 replies
    Fox8 ^ | 11-8-12
    Posted on: 10:59 am, November 8, 2012, by Ryan Sullivan and Jasmine Spencer, updated on: 03:28pm, November 8, 2012 GREENSBORO, N.C. — TE Connectivity will close its Greensboro plant by the end of next year, resulting in 620 layoffs. Tom Peacock, Senior Manager of Communications for TE Connectivity, confirms the plant on Piedmont Triad Parkway will close by December, 2013, with layoffs beginning in January. 620 employees will face layoffs while 50 employees will be transferred to other TE locations.
  • Minnesota Dairy Plant Closure to Result in 130 Layoffs

    11/08/2012 12:36:50 PM PST · by Arthurio · 11 replies
    by Jake Anderson November 7, 2012 New Ulm-based Associated Milk Producers, Inc. (AMPI) recently informed the 130 employees at its Dawson plant that the facility will close and their positions will be eliminated. Communications Director Sarah Schmidt told Twin Cities Business on Wednesday that the plant closure stems from the company’s sale of its “aseptic” business, which makes shelf-stable cheese sauces and puddings. The sale of the business to Illinois-based Bay Valley Foods is expected to close in December, and production at the Dawson plant will gradually be transferred to Bay Valley Foods’ Illinois facility through that time, Schmidt said....
  • Vestas to cut 3,000 more jobs (Oregon)

    11/08/2012 12:23:47 PM PST · by Arthurio · 15 replies
    Vestas Wind Systems is aiming to sell a stake of as much as 20 percent and shed another 3,000 off its headcount, more than doubling the number of jobs it plans to eliminate by 2013. The announcement came as the Danish company reported disappointing financial results that sent its shares tumbling 13 percent.
  • Nearly 200 'family-sustaining' jobs to be lost as HarperCollins plans to close warehouse

    11/08/2012 12:17:24 PM PST · by Arthurio · 36 replies
    HarperCollins Publishers will close its warehouse and distribution operation in Throop next summer and put close to 200 people out of work. “The industry is changing,” said Erin Crum, spokeswoman for HarperCollins, a book publisher based in New York. “It just makes sense for us to go this route as we shift to a more digital industry.” Ms. Crum would not disclose how many people will be laid off when the warehouse at the Keystone Industrial Park closes. However, Craig Pawlik, principal officer of Teamsters Local 229 in Scranton, said 192 people will be furloughed. The union represents maintenance and...