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Keyword: layoffs

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  • OfficeMax call center in Peru reportedly closing (Town in Illinois)

    02/28/2015 8:19:46 PM PST · by 2ndDivisionVet · 6 replies
    The LaSalle News-Tribune ^ | February 26, 2015 | Staff
    An OfficeMax call center in Peru is closing its doors, beginning layoffs in March, according to two sources. Layoffs should be completed in November. A news story in 2013 indicated 275 people worked at the Peru facility. Employees on Thursday were instructed not to speak to the media about the layoffs. OfficeMax merged with Office Depot in 2013. As previously reported, the combined company disappointed state lawmakers by locating its headquarters in Boca Raton, Fla. (Office Depot’s longtime home) and pulling out of Naperville, where OfficeMax had been headquartered. OfficeMax workers have dealt with uncertainty about their jobs for the...
  • JPMorgan to close 5% of its bank branches

    02/25/2015 1:31:46 PM PST · by SeekAndFind · 10 replies
    CNBC ^ | 02/25/2015
    JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs. The closures are part of a $1.4 billion cost-cutting plan the bank announced for this year. The latest developments were revealed during the bank's annual investor day conference Tuesday. Online and mobile banking have become increasingly popular and that trend is expected to continue. The shift online has begun to make brick-and-mortar branches less necessary and, frankly, expensive. Tellers handled only 42 percent of all bank deposits last year,...
  • This Is Why Hewlett-Packard Is Firing 58,000

    02/25/2015 7:19:07 AM PST · by SeekAndFind · 55 replies
    Zero Hedge ^ | 02/25/2015 | Tyler Durden
    The biggest scandal in today's release of Hewlett Packard Q1 earnings was not that, just as the Nasdaq is knocking on 5000's door, it reported revenues of $26.8 billion missing consensus expectations of $27.3 billion, while beating non-GAAP EPS by 1 cent to $0.92 (up from $0.90 a year ago) entirely due to a massive reduction in outstanding stock and some truly gargantuan non-GAAP addbacks (GAAP EPS declined from $0.74 a year ago to $0.73) pushing the stock down 7% after hours. The biggest scandal was the company announced that having cut 44,000 workers so far, it will cut...
  • Nation's largest Christian bookstore and gift chain files for Chapter 11 bankruptcy protection

    02/15/2015 9:50:53 PM PST · by 2ndDivisionVet · 44 replies
    The Grand Rapids Press ^ | February 13, 2015 | Jim Harger
    GRAND RAPIDS, MI -- Family Christian Stores, the nation's largest Christian bookstore and gift chain, has filed for Chapter 11 bankruptcy in hopes of restructuring its debt in the face of declining sales. The Grand Rapids-based chain said it does not expect to close any of its 266 stores in 36 states or layoff any of its 3,100 full-time and part-time employees. "We strive to serve God in all that we do and trust his guidance in all our decisions, especially this very important one," said President and CEO Chuck Bengochea in a news release. "We have carefully and prayerfully...
  • RadioShack Files for Chapter 11 Bankruptcy After Striking Deal to Sell Some Stores (Sprint)

    02/05/2015 9:28:45 PM PST · by 2ndDivisionVet · 42 replies
    The New York Times' DealBook ^ | February 5, 2015 | Rebecca R. Ruiz and Michael J. de la Merced
    For years, RadioShack — the retailer that helped bring personal computers to the masses — outlasted untold predictions that it would buckle in the face of bigger rivals and online competitors. But its clock has finally run out. RadioShack, a long-ailing 94-year-old electronics chain, filed for bankruptcy protection on Thursday after striking a deal to sell up to 2,400 of its stores to the wireless service provider Sprint and a hedge fund that is its biggest shareholder. The Chapter 11 filing, made in federal bankruptcy court in Delaware, took few unaware. RadioShack had not turned a profit since 2011, and...
  • Notices go out to more than 1,700 Izod Center workers that they'll lose jobs (New Jersey)

    02/05/2015 8:42:34 PM PST · by 2ndDivisionVet · 25 replies
    EAST RUTHERFORD, N.J. – Notices have gone out to more than 1,700 Izod Center workers that they'll lose their jobs by the end of March because the arena is closing. Almost all of the employees are part-time. The Record (http://bit.ly/1zPZgk1 ) reports the New Jersey Sports and Exposition Authority says the layoffs include 618 stagehands, 263 security guards, 169 admissions workers, 116 trades workers, 66 box office employees, and 50 parking attendants....
  • Weatherford to cut 5,000 jobs as it fights oil slump

    02/05/2015 8:27:35 PM PST · by 2ndDivisionVet · 7 replies
    CNBC / Reuters ^ | February 5, 2015
    Weatherford International plans to cut 5,000 jobs, or about 9 percent of its workforce, by the end of the first quarter as the oil services company tries to save costs amid sinking oil prices and budget cuts. The job cuts will focus on both operating and support positions and a majority of the reductions will be in the Western Hemisphere, the company said in a statement. Weatherford, which currently employs about 56,000 people across the world, expects the job cuts to result in annualized savings of over $350 million. "Due to the quickly changing market conditions, we are aligning and...
  • Workers Try to Boot Union for Fourth Time After ‘Rigged’ Election ( Alabama - UAW )

    02/04/2015 3:26:42 PM PST · by george76 · 16 replies
    Washington Free Beacon ^ | February 4, 2015 | Bill McMorris
    Anti-union forces claim UAW ‘stuffed’ ballot box. Workers in Alabama are staging a fourth attempt to kick the United Auto Workers (UAW) out of their plant following claims that stuffed ballot boxes derailed their last vote. Employees at the NTN-Bower Corporation, a ball bearings manufacturer, have unsuccessfully tried to boot the labor giant out of their factory for two years. Workers voted to decertify the UAW in an earlier election, but an Obama-appointed National Labor Relations Board (NLRB) panel threw out the election. Another election was held in January of this year. The UAW prevailed, but it was later revealed...
  • 1,000 stores likely to close, as Staples buys Office Depot

    02/04/2015 9:48:07 AM PST · by SeekAndFind · 36 replies
    Philly.com ^ | 02/04/2015 | Joseph N. DiStefano
    In a move expected to accelerate the shutdown of office-supply stores across the U.S., Staples Inc. has agreed to pay stock worth $6.3 billion to acquire rival Office Depot, which last year absorbed the former Office Max chain. The price works out to $11 per Office Depot share, up from $7.60 on Monday (Office Depot shares started rising Tuesday as deal rumors were reported in the financial news). "Financially this transaction makes sense and is necessary to the longterm health of these two companies," retail analyst David Strasser told investors for Janney Capital Markets in a report today. Both Staples,...
  • Tulsa's Helmerich & Payne to lay off 2,000, citing weak oil market

    01/30/2015 12:19:56 AM PST · by 2ndDivisionVet · 2 replies
    The Tulsa World ^ | January 30, 2015 | Sonya Colberg and Rod Walton
    Tulsa-based drilling rig maker and operator Helmerich & Payne Inc. expects to lay off 2,000 employees companywide, it announced Thursday during a conference call. The cuts, which are already beginning, are spurred by a reduction in rig use due to falling crude oil prices, CEO John Lindsay said during the earning call with analysts. Helmerich & Payne employs about 500 in Tulsa and nearly 12,000 companywide. The overall reduction is about 17 percent of the company’s total workforce. “This is without question the worst part of the downturn,” Lindsay said. Lindsay revealed the layoffs shortly after a company earnings report...
  • ConocoPhillips tells employees to expect layoffs

    01/30/2015 12:04:47 AM PST · by 2ndDivisionVet · 3 replies
    Fuel Fix ^ | January 29, 2015 | Robert Grattan
    HOUSTON — ConocoPhillips has told its employees layoffs could be on the way, as the independent producer looks to reign in spending amid lower crude prices. The layoffs and an accompanying pay freeze will supplement cost-control steps the Houston company has already taken, such as slashing its exploration and production budget, Daren Beaudo, a spokesman for ConocoPhillips, said in an emailed statement. The company did not detail how many workers would be let go or when the job cuts could take place. “As with our capital program we will be deferring, delaying or eliminating controllable costs where we can,” he...
  • IBM Layoffs 2015: Here's What You Need To Know -- Big Blue's employees bracing for massive job cuts

    01/29/2015 7:55:50 AM PST · by SeekAndFind · 30 replies
    Talkin Cloud ^ | 01/29/2015 | CJ Arlotta |
    The VAR Guy reported last week that IBM's massive layoffs would begin this week — and this seems to be the case. Word surfaced last weekend that IBM is prepping to layoff up to 26 percent of its global workforce, or some 100,000 workers.Many of these layoffs come on the heels of Lance Crosby's resignation. Crosby, the founder of SoftLayer, a company IBM acquired for around $2 billion in July 2013, said in a statement that he was taking some time off before pursuing his "next challenge."Here's what you need to know about IBM's most recent round of layoffs....
  • 'Bloodbath:' IBM workers report job cuts are underway (EMC also announced cuts)

    01/29/2015 6:44:57 AM PST · by FR_addict · 36 replies
    WRAL TechWire ^ | Jan 28, 2015 | RICK SMITH
    Research Triangle Park, N.C. — A "resource action," or layoffs, are underway at IBM (NYSE: IBM) under the name "Project Chrome," workers are telling the Alliance@IBM Union. "Bloodbath today," wrote an IBMer in Columbia, Mo. "Me? Yes, RA'd." “At a time when IBM is aggressively transforming, the company continues to rebalance its workforce to meet the changing requirements of its clients and to lead in new, high value segments of the IT industry, including cloud, analytics, mobile, security, social and cognitive computing. This is not new news," IBM said in a statement. "IBM announced a $600 million workforce rebalancing charge...
  • U.S. jobless claims drop sharply to near 15-year low!

    01/29/2015 6:35:20 AM PST · by SeekAndFind · 51 replies
    Yahoo News via Reuters ^ | 01/29/2015 | Lucia Mutikani
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits tumbled last week to its lowest level in nearly 15 years, adding to bullish signals on the labor market. Initial claims for state unemployment benefits dropped 43,000 to a seasonally adjusted 265,000 for the week ended Jan. 24, the lowest since April 2000, the Labor Department said on Thursday. It was the biggest weekly decline since November 2012. The drop, which far exceeded economists' expectations for a fall to only 300,000, probably exaggerates the strength of the jobs market as the data included the Martin Luther King...
  • Foxconn Layoffs: Apple Supplier to Downsize Workforce [Desire to replace workers with robots]

    01/27/2015 10:49:09 AM PST · by SeekAndFind · 53 replies
    InvestorPlace ^ | 01/27/2015 | By William White,
    Foxconn, a supplier for Apple (NASDAQ:AAPL), has announced that it’s cutting its workforce. The exact number of employees that will be affected by the Foxconn layoffs hasn’t been announced. The company also hasn’t said when the layoffs will go into effect. The job cuts come as the company faces higher wages in China and less revenue growth, reports Reuters. The Foxconn layoffs are also likely affected by the company’s desire to replace workers with robots. The use of robotic arms in some parts of the company’s work will allow the company to replace workers that were performing simple tasks, Reuters...
  • IBM denies rumor of 100,000 layoffs but confirms ‘several thousand’ layoffs

    01/27/2015 10:45:27 AM PST · by SeekAndFind · 34 replies
    The Examiner ^ | 01/27/2015 | Tina Burgess
    IBM denies the rumor about the layoffs of more than 100,000 IBM employees. The company says that only “several thousand” IBM employees will be affected by the layoffs. In an email statement from IBM to Reuters, IBM officially denied the rumor concerning as many as 112,000 employees. According to the Jan. 26 Reuters report, “IBM is in the process of layoffs, as disclosed in its latest earnings report last week, but it will affect ‘several thousand’ employees only.” The layoffs of as many as 112,000 of the company’s employees would affect 26 percent of its global workforce. Robert Cringely, a...
  • Biggest corporate lay-off in history is expected within days, with IBM believed to be scrapping 110K

    01/26/2015 3:41:54 PM PST · by Libloather · 108 replies
    Daily Mail ^ | 1/26/15 | Thomas Burrows
    Biggest corporate lay-off in history is expected within days, with IBM believed to be scrapping 110,000 of its 430,000 workforce around the world IBM is preparing to scrap 110,000 of its global 430,000 workforce in the biggest corporate cull in the computer giant's history, a report has revealed. The company will make the job cuts this week under a plan known internally as 'project chrome', according to US technology blogger Robert Cringely on Forbes website. IBM is in the process of layoffs, as disclosed in its latest earnings report last week but said the number of job losses was significantly...
  • Deere to cut more than 900 U.S. workers as farm economy weakens

    01/23/2015 1:35:11 PM PST · by Kartographer · 7 replies
    Reuters via Yahoo Finance ^ | 1/23/15 | Tom Polansek
    Deere & Co , the world's largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery. The layoffs, which represent about 3 percent of Deere's workforce in the United States and Canada, are set to begin early next month, the company said in a statement. The cuts at facilities that build agricultural equipment reflect Deere's attempt "to align the size of its manufacturing workforce to market demand for products," according to...
  • eBay Announces Layoffs After Obama Touts Company in SOTU

    01/22/2015 3:28:39 PM PST · by Kaslin · 36 replies
    Townhall.com ^ | January 22, 2015 | Leah Barkoukis
    “Since 2010, America has put more people back to work than Europe, Japan, and all advanced economies combined,” President Obama said during his State of the Union Address on Tuesday. “Our manufacturers have added almost 800,000 new jobs. Some of our bedrock sectors, like our auto industry, are booming. But there are also millions of Americans who work in jobs that didn’t even exist 10 or 20 years ago — jobs at companies like Google, and eBay, and Tesla.” While Politico pointed out that most of the companies Obama touted are big, left-leaning D.C. spenders, his choice of mentioning eBay...
  • U.S. initial jobless claims fall by 10,000 last week to 307,000

    01/22/2015 6:24:31 AM PST · by SeekAndFind · 8 replies
    Investing.com ^ | 01/22/2015
    The number of people who filed for unemployment assistance in the U.S. last week fell less than expected, dampening optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 17 decreased by 10,000 to a seasonally adjusted 307,000 from the previous week’s total of 317,000. Analysts had expected initial jobless claims to decline by 17,000 to 300,000 last week. Continuing jobless claims in the week ended January 10 rose to 2.443 million from 2.428...
  • Big layoffs planned at eBay [7% of the workforce]

    01/21/2015 2:47:49 PM PST · by SeekAndFind · 35 replies
    CNN Money ^ | 01/21/2015 | By Katie Lobosco
    Big layoffs are coming to eBay. The company is planning to slash 2,400 workers across the eBay and PayPal parts of the business. The cuts will impact 7% of the workforce. The layoffs will be made before the end of March. EBay said it was "simplifying organizational structures" in its quarterly earnings released Wednesday. A company spokesperson told CNNMoney that some of the cuts were to unfilled positions, but would not say how many.
  • Low Oil Price Brings Layoffs at Energy Firm Baker Hughes (BHI)

    01/21/2015 2:45:39 PM PST · by SeekAndFind
    ABC News ^ | 01/21/2015 | Richard Davies
    Falling gasoline prices may be great for consumers, but they’re tough on energy firms and their workers. The latest layoffs announcement comes from the oilfield services firm Baker Hughes, which plans to cut 7,000 employees — 11 percent of its workforce. Global oil prices have plunged 60 percent since last June, making some drilling operations unprofitable. “While market demand ended up being more resilient in the fourth quarter than many had predicted, the recent declines seen in rig counts will clearly affect results in 2015,” said company CEO Martin Craighead. Speaking to analysts about the layoffs, he said, “This is...
  • American Express Is Slashing 4,000 Jobs

    01/21/2015 2:40:22 PM PST · by SeekAndFind · 6 replies
    Business Insider ^ | 01/21/2015 | AKIN OYEDELE
    American Express will slash 4,000 jobs, even as the company reported that fourth quarter earnings were dented by foreign currency movements. Bloomberg reported that the job cuts are part of a restructuring, and a spokesperson said they will cut across the company. In its earnings release, the company said it is taking a pretax restructuring charge of $313 million to "improve operating efficiencies." After the bell Wednesday, American Express reported that fourth quarter profits rose 11% to $1.45 billion, or $1.39 a share, versus an expected $1.38 per share. Revenues rose to $9.1 billion from $8.5 billion, a 7% increase,...
  • Drug manufacturer Hospira closing Clayton plant, cutting 250 jobs (North Carolina)

    01/20/2015 1:00:36 PM PST · by 2ndDivisionVet · 5 replies
    WRAL-TV TechWire ^ | January 14, 2015
    Clayton, N.C. — Hospira, a manufacturer of injectable and other drug products as well as medical devices, is closing its plant in Clayton which employs some 250 people. Hospira says the facility will close in the second half of this year. “After a thorough evaluation of the site and the various products produced at this facility, we had to make this difficult decision,” said Matt Stober, senior vice president for operations, in a statement. The firm operates a major plant in Rocky Mount as well. In 2012, it decided to add 200 works at that operation. Hospira (NYSE: HSP) disclosed...
  • Local leaders weigh in on "Labinal" closing (Leaving Maryland, headed to Denton, Texas)

    01/20/2015 12:53:23 PM PST · by 2ndDivisionVet · 22 replies
    WMDT-TV ^ | January 16, 2015 | Lili Zheng, reporter/producer
    (VIDEO-AT-LINK)SALISBURY, Md. - A shocking turn of events on Wednesday, as aeronautical company Labinal Power Systems announced it will soon be closing its doors. This means over 600 employees -- about 94% from Wicomico County -- may be out of a job. According to Labinal, up to 160 of those employees could possibly be transferred to their Texas facility. As for the rest, local leaders say there are resources in town. Those resources may come in the form of "re-training". According to Wor-Wic Community College president Ray Hoy, these workers have valuable skills but they might not translate to another...
  • Baker Hughes to lay off 7,000 after record-breaking quarter

    01/20/2015 12:08:41 PM PST · by Rodamala · 23 replies
    Fuel Fix ^ | January 20, 2015 at 6:11 am | Robert Grattan
    HOUSTON — Baker Hughes said Tuesday it will lay off 7,000 mostly in the first quarter of 2015, amid a crude oil price slump and drilling slowdown it expects to worsen in the next quarter. The announcement came shortly after the oil service company reported that its net income for the three months ending Dec. 30 rose to a record high of $663 million, or $1.52 a share. After adjustments to exclude deconsolidation of a joint venture, the company reported an earnings per-share of $1.44. In the same period of 2013, Baker Hughes reported $248 million in profit. The layoffs...
  • Baker Hughes' to Lay Off 7K Workers Amid Oil Slump (Booming Economy!)

    01/20/2015 12:05:20 PM PST · by tcrlaf · 34 replies
    Fox Biz ^ | 1-20-2015 | Rueters
    Oilfield services provider Baker Hughes Inc said it expects to lay off about 7,000 employees, days after industry leader Schlumberger Ltd said it would cut jobs as drilling activity slows due to a steep fall in oil prices. Global oil prices have tumbled almost 60 percent since June, hitting five-year lows as growing production and tepid global demand has caused a supply glut and prompted oil producers to scale back spending. Schlumberger said last week it would cut 9,000 jobs, or about 7 percent of its workforce.
  • 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...
  • Oil services Giant Schlumberger to Lay Off 9,000, as Crude Prices Fall

    01/16/2015 6:25:36 AM PST · by SeekAndFind · 21 replies
    Yahoo Finance ^ | 01/16/2015 | Douglas A. McIntyre
    The drop in the price of oil will cost 9,000 workers at Schlumberger Ltd. (SLB) their jobs. The company disclosed: In response to lower commodity pricing and anticipated lower exploration and production spending in 2015, Schlumberger decided to reduce its overall headcount to better align with anticipated activity levels for 2015. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. Unfortunately for the workers, the oil services company had good reason. Although fourth-quarter revenue rose 6% to $12.5 billion and operating income by 7% to $1.9 billion, the company believes the situation has deteriorated:
  • Deb Shops closing all stores in Michigan, nationwide

    01/15/2015 2:20:25 AM PST · by 2ndDivisionVet · 11 replies
    The Ann Arbor News ^ | January 12, 2015 | Heather Jordan
    Women's fashion discount retailer Deb Shops is closing all of its stores in Michigan and nationwide. After more than 80 years in business, the Philadelphia-based retailer, which specializes in junior- and plus-size apparel, filed for Chapter 11 protection on Dec. 4, according to a news release. On Jan. 7, the bankruptcy court awarded Gordon Brothers Group and Hilco Merchant Resources the store closing process for all locations. Officials with Gordon Brothers Group and Hilco Merchant Resources began going-out-of-business sales at approximately 287 Deb Shops retail locations Friday, Jan. 9, the release states. The company's website gob.debshops.com now is simply an...
  • Jacksonville-based Body Central closing all of its 265 stores; 2,500 out of work

    01/14/2015 6:34:44 PM PST · by 2ndDivisionVet · 5 replies
    The Florida Times-Union ^ | January 9, 2015 | Roger Bull
    Just two days after it warned that it might file Chapter 11 bankruptcy, Body Central is shutting all of its stores and headquarters completely. The chain’s 265 stores are running “aggressive promotional sales through Sunday,” Gardner Davis, an attorney representing the Jacksonville-based chain of clothing stores geared to young women and teens, said on Friday afternoon. It has stores in the The Avenues and Orange Park malls and River City Marketplace. The company’s headquarters and warehouse closed Friday, he said. “It’s tragic that the company’s 2,500 loyal employees are losing their jobs,” he said. About 185 of those employees worked...
  • C. Wonder is closing all of its stores

    01/14/2015 6:16:44 PM PST · by 2ndDivisionVet · 22 replies
    The New York Daily News ^ | January 6, 2015 | Victoria Taylor
    The preppy lifestyle brand started by Tory Burch’s ex-husband, Chris Burch, is shutting down its remaining locations ‘due to the highly competitive nature of the current retail environment,’ a spokesman said. It’s curtains for C. Wonder. The retailer confirmed that it will shutter its remaining locations. C. Wonder is closing up shop. The retailer, which was launched by designer Tory Burch’s ex-husband, Chris Burch, will be shutting down its remaining stores, a spokesman confirmed. “Due to the highly competitive nature of the current retail environment, C. Wonder will be closing its remaining stores," a spokesman said in a statement to...
  • Boise health care call center to lay off 1,500

    01/05/2015 6:48:35 PM PST · by 2ndDivisionVet · 6 replies
    BOISE, Idaho (AP) — A technology company says it will lay off more than 1,500 employees at a Boise call center where workers handle questions about the federal health care law. The Idaho Statesman reports (http://bit.ly/1F11uRI ) that Maximus Inc. has hired, laid off and rehired hundreds of employees at the call center since 2013....
  • New York Times Insider: Multi-Million Dollar Shortfall Causing Drastic Cuts

    12/23/2014 6:22:16 PM PST · by Beave Meister · 44 replies
    New York Observer ^ | 12/23/2014 | Ken Kurson
    Yesterday, New York Times readers were treated to a beautifully nuanced and balanced and richly detailed feature about a topic very much in the mix. Its author, Ariel Kaminer, came by her story and its scoop—the first interview with the accused (possibly falsely) rapist of the woman at Columbia who is carrying a mattress around campus to make a statement about campus sexual violence—by developing deep roots in a narrow beat, higher education. And now, Ms. Kaminer will join a hundred or so of her colleagues on the unemployment line as the Times once again cuts costs by cutting journalists....
  • Layoffs begin today at The New York Times

    12/16/2014 9:14:17 AM PST · by Zakeet · 50 replies
    Capital New York ^ | December 16, 2014 | Nicole Levy
    Job cuts at the New York Times will exceed the stated goal of 100 newsroom positions eliminated, the Newspaper Guild of New York said yesterday in a memo to union members. According to the guild, the Times said yesterday it will lay off 21 union-represented employees starting as early as today, after 57 guild members and roughly 30 non-guild members accepted buyout applications. That amounts to more than the 100 newsroom positions the newspaper said it needed to eliminate as a cost-cutting measure on Oct. 1.
  • 175 to be laid off at SunCoke facilities (War on Coal continues!)

    12/15/2014 8:38:25 PM PST · by Timber Rattler · 9 replies
    TriCities.com ^ | December 15, 2014 | Allie Robinson Gibson
    VANSANT, Va. -- Some 175 miners at three SunCoke Energy facilities were laid off today after their mines were idled, company officials announced this afternoon. The Dominion No. 36 mine and parts of the Dominion No. 7 and Dominion No. 30 mines have been idled, said Steve Carlson, spokesman for SunCoke. He said those mines are all in far Southwest Virginia. The move is a step in SunCoke's ultimate plan to exit the coal-production business, Carlson said. The announcement also included plans to reduce production at the Jewell Coke plant in Vansant. "At this point, the plan is to look...
  • Morale sinks at CNN's DC bureau

    11/10/2014 8:54:19 PM PST · by Enterprise · 120 replies
    politico.com ^ | 11-10-14 | DYLAN BYERS
    CNN's Washington bureau is suffering from low morale and high anxiety in the wake of weeks of layoffs and buyouts — with one employee likening the place to the Redskins’ locker room. In conversations with POLITICO, sources at the bureau spoke of tension in the office as several longtime staffers have been let go while others are being promoted and given raises. On Friday, during the most recent departures, "people were crying all over the bureau," one D.C. employee said.
  • Robocall to 100 Ford workers: 'You're fired'

    11/04/2014 1:32:53 PM PST · by Citizen Zed · 34 replies
    nwi timed ^ | 11-3-2014
    Nearly 100 workers at Ford's Chicago Assembly Plant got a robocall on Halloween telling them their services were no longer needed and they were terminated. It wasn't a trick or a morbid prank. Dozens of workers missed the call or didn't believe it, so they showed up to work Saturday anyway, according to an autoworker who wished to remain anonymous. They found their ID badges had been disabled and were told by security they had been fired. "As part of our normal business process, we've temporarily adjusted our workforce numbers at Chicago Assembly Plant," Ford Motor Co. said in a...
  • Hill panic: 300-600 Senate Dem staffers would be fired in GOP win

    10/30/2014 9:22:53 AM PDT · by Parmenio · 156 replies
    Washington Examiner ^ | October 30, 2014 | Paul Bedard
    With projections of a GOP win growing daily, nervousness in Senate committee offices has turned to panic as an army of Democratic staffers braces to be fired, replaced by a Republican majority and their aides. The spoils of political war? Estimates are that 300-600 Democratic committee and personal staff jobs would be on the chopping block if the Republicans pull off the expected victory. “There will be a mass exodus of Senate Democrat staff from committees,” said one insider. And Republicans will get to hire hundreds more aides. A loss on Tuesday that keeps the Democrats in charge of the...
  • Obamacare Causing Big Layoffs for Union Nurses

    10/19/2014 6:16:16 PM PDT · by george76 · 28 replies
    Breitbart News ^ | 19 Oct 2014 | Chriss W. Street
    Kaiser Permanente and other health providers are putting pressure on the powerful California Nurses Association (CAN) in negotiations for reductions in medical staffing and compensation due to the implementation of California’s version of Obamacare. Union nurses on Friday tried to launch a new initiative by demanding an extra compensation supplement and more staffing to be prepared to fight the Ebola virus. But just three years after union nurses won huge contract gains by striking, Obamacare rules that cut patient access to care could now result in huge nurse layoffs. ... the California Nurses Association and other labor unions that campaigned...
  • Jobless claims drop 23K to a 14-year low [Seasonally adjusted 264,000, lowest level since 2000]

    10/16/2014 7:04:07 AM PDT · by SeekAndFind · 29 replies
    CSM ^ | 10/16/2014
    The number of Americans filing new claims for jobless benefits fell to a 14-year low last week, a positive signal that could counter doubts over whether the economy is shifting into a higher gear. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 264,000, the lowest level since 2000, the Labor Department said on Thursday. The decline suggests the labor market is gaining steam even as worries grow that the economy will not be strong enough for the Federal Reserve to hike interest rates around the middle of next year.
  • CNN lays off New York staff of correspondent Christiane Amanpour in network-wide restructuring

    10/14/2014 4:26:33 PM PDT · by jimbo123 · 33 replies
    NY Daily News ^ | 10/14/14 | DON KAPLAN
    The ax has fallen on the New Yorkers who work for storied foreign correspondent Christiane Amanpour. CNN has canned Amanpour's entire New York City-based staff — four producers — as part of the troubled cable news channel's restructuring, sources said.
  • Army Fleet Support lays off workers ( Fort Rucker, Alabama )

    10/12/2014 5:20:44 PM PDT · by george76 · 1 replies
    Dothan Eagle ^ | Oct 10, 2014
    The International Association of Machinists and Aerospace Workers announced the layoffs on its Facebook page Thursday night. The initial number reported by the union was 58. ... L-3 Army Fleet Support is reducing its workforce in order to address recent decreases in our customer’s flying-hour program and projected requirements ... Workers at Army Fleet Support went on strike briefly near the end of April... AFS announced layoffs of 50 workers in April of 2013 and 70 workers in August of 2013.
  • Turner to reduce headcount by 10% (CNN)

    10/07/2014 2:20:43 PM PDT · by dynachrome · 14 replies
    CNN ^ | 10-6-14 | Brian Stelter
    Turner Broadcasting, the parent company of CNN, will cut its total workforce by about 10% in the coming weeks through a mix of buyouts, layoffs and other measures, the company said Monday. The reductions are part of a broader effort to save money and refocus investment, known internally as Turner 2020. The company said about 1,475 positions — out of 14,000 full-time positions worldwide — would be eliminated in the coming weeks. Within CNN Worldwide, where the workforce totals roughly 3,500, about 300 positions will be cut, according to a person with direct knowledge of the plan, totaling 8.5%.
  • HP Increases Layoffs AGAIN To 55,000, And More Cuts Are Likely

    10/06/2014 12:53:17 PM PDT · by SeekAndFind · 29 replies
    Yahoo Finance via Business Insider ^ | 10/06/2014 | Julie Bort
    As HP cleaves itself in two, the company will also trim another 5,000 employees from its payroll. And even that won't be the end of a massive multiyear layoff that grows bigger every few months, HP CEO Meg Whitman essentially told CNBC's Dan Farber on Monday. HP first announced its layoffs plans in 2012. Back then, HP said it would cut 27,000. By June of this year, it had doubled the target, to 50,000, with 36,000 employees already gone. On Monday, it bumped up the new layoff target, yet again, to 55,000. Even so, HP remains an enormous employer, with...
  • Hewlett-Packard to Split in Two, Cut 5,000 More Jobs

    10/06/2014 8:15:47 AM PDT · by SeekAndFind · 13 replies
    Daily Finance ^ | 10/06/2014 | Supantha Mukherjee and Edwin Chan
    Hewlett-Packard (HPQ) said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. HP said its shareholders would own a stake in both businesses through a tax-free transaction next year, the details of which still needed to be worked out. Each business contributes about half of HP's revenue and profit. Shares of the 75-year-old company, which has struggled to adapt to the new era of mobile and online computing, were up 4 percent at $36.60 in early trading...
  • Angry Birds maker Rovio to lay off 130 staff

    10/03/2014 1:33:30 AM PDT · by Citizen Zed · 9 replies
    bbc ^ | 10-02-2014
    The maker of hit mobile video game Angry Birds, Rovio, will lay off 130 staff, it announced on Thursday. The job cuts in Finland, which account for 16% of its workforce, will happen "sooner rather than later," said chief executive Mikael Hed on its website. "We have been building our team on assumptions of faster growth than have materialised," he added. Angry Birds is the number one paid mobile application of all time, according to Rovio. The company has expanded the brand into a TV series, toys, clothing and an animated movie, which is expected to premiere in cinemas in...
  • Blow to Maine’s paper industry: Verso to close Bucksport mill Dec. 1, displacing more than 500

    10/01/2014 10:19:23 PM PDT · by 2ndDivisionVet · 14 replies
    The Portland Press Herald ^ | October 1, 2014 | Dennis Hoey
    The closure will cost the town of 5,000 people almost half of its tax revenue. The state Department of Labor says the LePage administration has 60 days to find a buyer for the mill, which has operated since 1930.Hundreds of mill workers from across the state will find themselves without jobs at the beginning of the holiday season after Verso Paper Corp.’s sudden announcement Wednesday that it will close its paper mill in Bucksport effective Dec. 1. More than 500 employees will be out of work in the third mill closure in Maine this year, dealing a severe blow to...
  • Major cuts to Air National Guard at McConnell (Kansas, 210 jobs)

    10/01/2014 10:03:42 PM PDT · by 2ndDivisionVet · 5 replies
    KWCH-TV ^ | September 25, 2014 | Anne Meyer
    (VIDEO-AT-LINK)WICHITA, Kan. - A major cut for the Air National Guard unit based at McConnell Air Force Base. According to Sharon Watson with the Adjutant General's Office in Topeka, around 30% of full time guard members at McConnell will be cut. That works out to around 150 jobs. Plus at least 60 part-time jobs are being cut as well. Most of those guard members will get work at other guard locations in the state. The 127th Command and Control Squadron was eliminated earlier this month. We also know the 184th Munitions Squadron is also being eliminated and the 177th Information...
  • New York Times cutting 100 jobs, NYT Opinion app

    10/01/2014 10:18:58 AM PDT · by Olog-hai · 17 replies
    Associated Press ^ | Oct 1, 2014 11:59 AM EDT
    The New York Times Co. is launching another round of buyouts and layoffs, telling staff on Wednesday that it must cut 100 newsroom jobs to further reduce costs and focus resources on its digital operations. It’s also axing its NYT Opinion app after four months and relegating the NYT Now app to a smartphone-only product aimed at new and younger readers, after the lower-priced subscription products failed to take off as hoped. The planned cuts represent about 7.5 percent of a total current newsroom staff of 1,330. Buyouts will be offered to an undisclosed number of senior managers in the...