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Keyword: layoffs

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  • 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...
  • 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.
  • 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...