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Keyword: layoffs

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  • All 240 Family Christian Stores Are Closing

    04/19/2017 2:16:37 PM PDT · by SoFloFreeper · 43 replies
    Christianity Today ^ | 2/23/17 | Sarah Eekhoff Zylstra
    More than 3,000 employees in 36 states will be laid off in the liquidation of one of the world’s largest Christian retailers. More than two years ago, suppliers forgave Family Christian Stores $127 million in debt so that it could remain open. Today, the chain—which bills itself as “the world’s largest retailer of Christian-themed merchandise”—announced it is closing all of its stores after 85 years in business. Family Christian, which employed more than 3,000 people in more than 240 stores across 36 states, blamed “changing consumer behavior and declining sales.” “We had two very difficult years post-bankruptcy,” stated president Chuck...
  • Boeing to lay off hundreds more engineers: source

    04/19/2017 9:02:27 AM PDT · by Lorianne · 13 replies
    Reuters ^ | 18 April 2017 | Alwyn Scott
    Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit, according to a source and a memo seen by Reuters. The latest job cuts followed a prior involuntary reduction of 245 workers set for May 19 as the company responded to increasing competition and slowing aircraft sales. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing Commercial Airplanes. "We are moving forward with a second phase of involuntary layoffs for some select skills...
  • Trump's budget could plunge nation's capital into recession

    04/01/2017 5:29:23 PM PDT · by ameribbean expat · 138 replies
    While many of the targeted federal agencies have offices outside Washington, Trump's dream budget would hit the region disproportionately, with tens of thousands of jobs at risk. The cuts would be felt throughout the city, with fewer people riding the already-beleaguered Metro subway or eating at restaurants. It would also hurt Washington's already-shaky market for office space. Economist Stephen Fuller of George Mason University, who has studied the regional economy for decades, estimated 20,000-24,000 federal employees and 10,000 federal contractors would lose their jobs under Trump's proposal. That equates to 5 percent of federal workers in the region. With those...
  • Caterpillar to close Illinois plant, lay off 800 workers

    03/31/2017 5:24:47 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Mar 31, 2017 7:02 PM EDT
    Caterpillar Inc. has announced the closing of its facility near Aurora, Illinois, and the lay off 800 workers. Earlier this year, the earth-moving equipment maker said it would lay off employees in 2017 because of an anticipated decline in demand for its products. Caterpillar spokeswoman Lisa Miller said Friday the large wheel loaders and compactor production will be moved to the company’s Decatur, Illinois, plant. Its medium wheel loader production line will be moved to the North Little Rock, Arkansas, plant. …
  • Crashing "Post-Obama Era" Gun Sales Lead To Remington Mass Layoffs

    03/14/2017 9:36:22 AM PDT · by Perseverando · 45 replies
    ZeroHedge.com ^ | March 14, 2017 | Tyler Durden
    As we noted last summer, the Obama administration’s constant gun control threats did little more than flood American homes with more guns as people looked to stockpile weapons ahead of anticipated new regulations. In fact, both of Obama's elections resulted in massive and unprecedented spikes in gun sales. Meanwhile, Obama's presidency was a boon for the gun manufacturers whose revenue, profitability and stocks all soared during his presidency. But while the constant threat of new regulations under Obama resulted in a massive full forward of gun demand and pushed gun stocks to all-time highs, the election of Trump, and thus...
  • Trump's 'drain the swamp' pledge will face toughest test in reducing federal workforce

    03/13/2017 8:14:17 AM PDT · by SeekAndFind · 21 replies
    American Thinker ^ | 03/13/2017 | Rick Moran
    As hard as it will be to pass health insurance reform, tax reform, and infrastructure legislation, President Trump's toughest challenge will come in trying to cut the numbers of federal workers. Hard numbers are difficult to come by, but budget and government experts are calling the planned reductions in the federal workforce a "historic contraction" not seen since the drawdown after World War II.  Cabinet secretaries will have some leeway in how they reduce their departments' workforces.  Some may rely on the normal attrition that occurs in any workforce with retirements and vacancies created by promotions being responsible for...
  • ESPN layoffs to hit on-camera personalities

    03/06/2017 9:12:13 AM PST · by COBOL2Java · 76 replies
    CNN Money ^ | March 6, 2017: 10:47 AM ET | Ahiza Garcia
    ESPN will lay off some of the personalities who appear on TV, radio and online. The cuts will only affect "talent" -- not rank-and-file employees, according to sources familiar with the matter. The details are still being finalized, but layoffs are expected to take place through June.
  • Under Trump, an Already Depleted I.R.S. Could Face Deep Cuts

    03/03/2017 12:08:22 AM PST · by Trump_vs_Evil_Witch · 37 replies
    NYT ^ | MARCH 2, 2017 | ALAN RAPPEPORT
    President Trump.... wants to significantly cut the tax agency’s funding at a time when it has already been bleeding staff and struggling to keep up with a flood of returns ahead of Tax Day.... ...“This is an agency that has had every last drop squeezed out of it,” said Dennis J. Ventry Jr., a member of the I.R.S. advisory council and a law professor at the University of California, Davis. “I don’t know how it’s going to sustain itself.”.... ....The White House budget office has proposed a 14.1 percent cut to the I.R.S. for the fiscal year that begins in...
  • AFL-CIO cutting staff as union membership declines

    02/24/2017 4:52:48 AM PST · by MarvinStinson · 10 replies
    hotair ^ | FEBRUARY 23, 2017 | JOHN SEXTON
    According to the Bureau of Labor Statistics union membership hit an all-time low in 2016 of just 10.7 percent. That decline has consequences for unions like the AFL-CIO, which Bloomberg reports is dismissing dozens of staff members: The AFL-CIO is dismissing dozens of staff members as part of a restructuring amid continuing declines in union membership and fresh political threats to labor rights. “We will have to end support for some programs that don’t go to our core priorities,” said AFL-CIO spokesman Josh Goldstein, who declined to discuss the number of staff affected. “This is about reimagining and realigning our...
  • J.C. Penney to close 13 to 14 percent of stores

    02/24/2017 5:52:27 AM PST · by oh8eleven · 44 replies
    AP via Star Tribune ^ | 24 February 2017 | ANNE D'INNOCENZIO
    NEW YORK — J.C. Penney said Friday that it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping. The closures represent about 13 percent to 14 percent of the department store operator's current store count, and less than 5 percent of total annual sales. The company said that it would also initiate a voluntary early retirement program for about 6,000 eligible employees.
  • Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs

    02/22/2017 10:50:25 AM PST · by SeekAndFind · 87 replies
    Zero Hedge ^ | 02/22/2017
    When Philadelphia became the first US city to pass a soda tax last summer, city officials were eagerly looking forward to the surplus-tax funded windfall to plug gaping budget deficits (and, since this is Philadelphia, the occasional embezzlement scheme). Then, one month ago, after the tax went into effect on January 1st we showed the tax applied in practice: a receipt for a 10 pack of flavored water carried a 51% beverage tax. And since  PA has a sales tax of 6% and Philly already charges another 2%, the total sales tax was 8%. In other words, a purchase...
  • D.C. region braces for shock from Trump effect on spending, federal workforce

    02/12/2017 6:56:39 PM PST · by markomalley · 45 replies
    Washington Post ^ | 2/12/17 | Robert McCartney
    The Washington region’s prospects aren’t all bad under the Trump administration. A top local economist joked at a recent business conference that demonstrators flocking to rallies in the District will drop bundles of cash, spurring growth from “protest tourism.” But the area is bracing for shock at the hands of a reinvent-the-rules president who routinely insults the city and a Republican-led Congress that for years has sought to shrink the federal government that is the area’s principal employer. Officials and analysts expect sharp cuts in federal nondefense spending, which would strain local budgets nationwide and pose a particular threat to...
  • USAToday: Kellogg’s Could Lay Off Over 1100

    02/09/2017 7:19:24 PM PST · by stars & stripes forever · 62 replies
    Breitbart ^ | 2/9/2017 | Jerome Hudson
    USA TODAY reports that downsizing at various Kellogg’s facilities across the country could put 1,110 Americans out of work. Kellogg’s spokesperson Kris Charles said the cereal giant will shift away from direct delivery of its foods to stores, and will instead utilize grocers’ distribution centers. The move will shutter 39 Kellogg’s distribution centers from Maryland to Ohio to New York. “While this is the right move for the company to achieve our long-term objectives, it was a difficult decision because of its impact on employees,” company spokesperson Kris Charles said, according to CNYCentral. Charles says each site outfits roughly 30...
  • 2,000 GM workers to lose jobs on Trump Inauguration Day

    01/18/2017 7:12:55 PM PST · by Mariner · 54 replies
    CNN Money ^ | January 18th, 2017 | by Heather Long
    Robert Sheridan is a 40-year-old GM worker who voted for Donald Trump. He can barely contain his excitement about Inauguration Day, even though it will be a rough day for him on a personal level. He's one of 2,000 GM factory workers losing their jobs on Friday, the same day that Trump will be sworn in as the 45th president. Sheridan -- and thousands like him -- are desperately hoping Trump will save their jobs. "Please help us in Lordstown," says Sheridan, a soft-spoken Midwesterner with three kids. "This is a great middle class job. You can't find one better...
  • 28% of federal employees may quit their jobs when Trump assumes office: Poll

    01/19/2017 1:16:24 PM PST · by markomalley · 229 replies
    Washington Times ^ | 1/19/17 | Jennifer Harper
    Almost two-thirds of federal employees voted for Hillary Clinton during the presidential election, according to a new survey.The poll also found that six of 10 felt that the election itself gave Americans a negative impression of federal service.So it may come as no surprise that some federal employees are considering leaving their employment when President-elect Donald Trump assumes office. “More than one in four federal workers, or 28 percent, will definitely or possibly consider leaving their jobs after Jan. 20 when Trump is sworn into office and becomes leader of the executive branch,” according to the survey conducted by the...
  • New York Times Warns of Looming Budget Cuts, Smaller Newsroom

    01/18/2017 6:09:32 AM PST · by Rockitz · 27 replies
    Breitbart.com ^ | 17 Jan 2017 | Katherine Rodriguez
    The New York Times is warning its staff that budget cuts and staff reductions loom as the paper looks ahead to the future, according to a study by the outlet about how the newsroom will operate in the future. Dean Baquet, New York Times’ executive editor, and Joe Kahn, managing editor, said that the outlet’s transformation would require budget cuts and lead to a “smaller and more focused newsroom,” a move that will prompt buyouts and layoffs, which are expected this year. "We view this moment as a necessary re-positioning of The Times newsroom, not as a diminishment,” they said....
  • Women's apparel retailer Limited Stores files for bankruptcy

    01/17/2017 2:23:44 PM PST · by 2ndDivisionVet · 28 replies
    Reuters ^ | January 17, 2017 | Arathy S. Nair and Tom Hals
    U.S. women's apparel chain The Limited filed for Chapter 11 bankruptcy protection on Tuesday after closing all 250 stores, the latest brick-and-mortar retailer to fall victim to changing tastes and online competitors. The retailer that began as a single store more than 50 years ago blamed declining mall traffic, falling sales, expensive leases and the shift toward online shopping. Retailers filing for bankruptcy in the past year include Aeropostale Inc (AROPQ.PK), Pacific Sunwear of California Inc (PSUN.MU), Sports Authority, Vestis Retail Group and American Apparel. In addition, department store chains such as Sears Holdings Corp (SHLD.O) and Macy's Inc (M.N)...
  • DRUDGE on Twitter: "NYT warns of budget cuts, smaller newsroom..."

    01/17/2017 10:56:41 AM PST · by davikkm · 50 replies
    That's a shame. That newspaper had such a long history and they sold out their reputation to the highest bidder.
  • Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?

    01/13/2017 9:35:34 AM PST · by Lorianne · 42 replies
    Economic Collapse ^ | 11 January 2017 | Michael Snyder
    The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Earlier this week, I talked about the “retail apocalypse” that is sweeping America. Major retail chains such as Sears and Macy’s are closing stores and laying off workers, but I didn’t think that Wal-Mart would be feeling the pain as well. Unfortunately, that is precisely what is happening. USA Today is reporting that approximately 1,000 jobs will be cut at Wal-Mart’s corporate headquarters in Bentonville, Arkansas by the end of this month…
  • Walmart Swings Its Axe Again and Will Now Slash 1,000 Corporate Jobs

    01/11/2017 11:39:27 AM PST · by aquila48 · 27 replies
    The Street ^ | Jan 11, 2017 | Lindsay Rittenhouse
    Walmart (WMT) , the country's largest private employer, plans to eliminate roughly 1,000 corporate jobs as it looks to boost its e-commerce business and trim costs. The jobs, mainly in the human resources department, will be cut before Jan. 31, as a result of increased e-commerce spending and rising employee wages, an anonymous executive told the Wall Street Journal. When contacted by TheStreet, Walmart declined in an email to comment on the job cuts but said the company has "not made any announcements" on its current corporate structure, adding "... we are always looking for ways to operate more efficiently...