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Keyword: jobcuts

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  • Business Closing listed on dailyjobcuts.com

    12/06/2012 5:50:27 AM PST · by FreeAtlanta · 9 replies
    December 6 , 2012 Tireman Auto Service Centers Leaving Woodville Mall Ohio Location The Lost Rivers Medical Center in Arco is eliminating its long-term care center - up to 30 Jobs Lost Skelly and the Bean Capital Hill Seattle WA - Closing, Hopefully Opening New Location Blockbuster Crestwood Location in AL? Family Dollar in Fayetteville NC JCIM at the National Turnpike location KY? British supermarket chain Tesco is considering closing down its 200 American Fresh & Easy grocery stores The Tacoma Chevy’s Restaurant WA The Philips Lighting plant in Bath NY to Close by End of 2013 - 280 Jobs...
  • Dec. 1st; a big lay-off day

    12/02/2012 7:15:31 AM PST · by FreeAtlanta · 12 replies
    December 1 , 2012 City of Detroit - Layoffs Coming Feb 2013? Resolution Copper Mining - up to 400 Update: Clinton Community College NY - 10 Celgard - 40 EnerSys Energy Products - 100 AM General - Confirms Layoffs, About 100? Update: AT&T - 106 Landline Techs. in CT City of Steubenville Ohio - 12 Layoff Notices Cumberland Pharmaceuticals - 1/3 of its Salesforce U.S. Steel Corp.McKeesport Tubular Plant - 142 Worldwide Flight Services in 51 in Honolulu Orange Township Ohio - 22 Layoff Notices Scentsy - 19 O'Hare Airport - 300 Janitor Jobs Cuts Possible Glendale Adventist Medical Center...
  • Website for layoffs, company closings

    11/11/2012 12:52:35 PM PST · by KeyLargo · 25 replies
    I found this website for future reference. Are there any other sites where we can find and keep tabs on all of the coming layoffs, plant closings, and shifts to part-time employees from full time due to the Obama economic policies ? Dailyjobcuts.com http://www.dailyjobcuts.com/
  • Job Cuts Surge 59% In July 2011, Highest Since March 2010 As Hiring Intentions Plunge

    08/03/2011 7:51:36 AM PDT · by SeekAndFind · 21 replies
    Zero Hedge ^ | 08/03/2011 | Tyler Durden
    Those looking for an optimistic early look of this Friday's NFP (nobody cares about the ADP any longer) should probably avoid the Challenger lay off data just released. As Bloomberg summarizes, U.S. planned firings up 59% Y/y in July to 66,414, led by pharma, retail; largest number in 16 months. The number includes Merck’s plan to cut ~13k jobs. This 3rd consecutive increase; “seems to provide additional evidence” recovery has stalled, according to CEO John A. Challenger. New Jersey (where MRK is based) led states, with 13,330 cuts, followed by Michigan. Employers also announced plans to hire 10,706 after...
  • HSBC WILL CUT 30,000 JOBS (Biggest of all the Banks that have been cutting thus far!)

    08/01/2011 9:23:15 AM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 08/01/2011 | Gus Lubin
    HSBC said on a conference call this morning it would cut 30,000 by the end of 2013. "There will be further job cuts," Chief Executive Stuart Gulliver told Reuters. "Another 25,000 roles will be eliminated in addition to the 5,000 already announced." The London-based financial company reported flat first half revenue of $35.7 billion, with weakness in Europe offsetting growth in emerging markets. Naturally job cuts will be focused on Europe and the U.S., with the possibility of hiring in emerging markets. Laying off 30,000 amounts to a 10% workforce reduction.
  • Cisco To Fire 10,000 People (Much bigger cuts than previously announced)

    07/11/2011 7:38:21 PM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 07/11/2011 | Henry Blodget
    Cisco is planning to fire as many as 10,000 people, Bloomberg reports. According to the plans, which have yet to be finalized, the company will can 7,000 employees by the end of August. Another 3,000 have accepted buyouts. These cuts are far greater than the ones Cisco announced on its last disastrous earnings call. They represent 14% of the company's workforce and are designed to boost Cisco's earnings growth, which has been disappointing as sales have fallen below expectations. Cisco is getting its clock cleaned not only in its consumer division, which recently featured the shuttering of the "Flip" camera...
  • UK unveils dramatic austerity measures

    10/25/2010 11:03:13 AM PDT · by SmokingJoe · 6 replies
    FT ^ | October 20 2010 | Daniel Pimlott and Chris Giles in London and Robin Harding in Washington
    The sweeping cuts in spending and entitlements far exceed anything contemplated in the US where Barack Obama, the president, has proposed only a three-year freeze on discretionary spending and Congress is still debating whether to extend tax cuts for the wealthy. The UK cuts of £81bn ($128bn) over four years are the equivalent of 4.5 per cent of projected 2014-15 gross domestic product. Similar cuts in the US would require a cut in public spending of about $650bn, equal to the projected cost of Medicare in 2015 The UK deficit is about 10 per cent of 2010-11 GDP. The US...
  • Companies Have Now Cut So Many Jobs, That Managers Say Business Is Starting To Break Down

    09/30/2010 12:52:36 PM PDT · by WebFocus · 66 replies
    Business Insider ^ | 09/30/2010 | Joe Weisenthal
    Sure, the headline Chicago PMI number looked fine, but dig a little deeper into the report, and check out some of the anecdotal business conditions that the Chicago-area purchasing managers are seeing. Maybe this is why the rally has evaporated. You can get the full report here (.pdf). The first is the best. ------ 1. Suppliers have cut staff so much there is no support team when a failure occurs, the response is slow, laborious and inadequate. 2. Tight raw material inventories both in-house and at suppliers are making planning very interesting. Conservative forecasts make this a prudent strategy but...
  • Still Killing Jobs

    12/13/2009 10:24:38 PM PST · by myknowledge · 5 replies · 548+ views
    The Heritage Foundation ^ | December 10, 2009 | James Sherk
    In his economic speech yesterday, President Obama made it clear that his administration will take a step forward on job creation. Unfortunately, it's also taking three steps backward -- which all adds up to more unemployment. The good news is that Obama understands why unemployment has risen so sharply. Media coverage strongly implies that joblessness has risen because layoffs are up -- but that's only part of the equation. The number of jobs lost by firms rose 15 percent from the start of the recession to the first quarter of this year. These layoffs are real and painful for the...
  • Private Sector Job Cuts Ease in January

    02/04/2009 8:35:15 AM PST · by SonOfDarkSkies · 14 replies · 637+ views
    Private sector job losses slowed slightly in January, ADP Employer Services said on Wednesday in a report that came in slightly below economists' expectations. ADP said private employers cut 522,000 jobs in January versus a revised 659,000 jobs lost in December. The December job cuts were originally reported at 693,000. Economists had expected 530,000 private sector job cuts in January, according to the median of 27 forecasts in a Reuters poll, which ranged widely from a drop of 720,000 to losses of 495,000.
  • TIMES WARNS WEAK ADVERTISING HAS RIPPED PROFITS (uneven NYT's management upset shareholders)

    09/22/2006 3:05:30 AM PDT · by Liz · 49 replies · 1,001+ views
    NY TIMES ^ | September 22, 2006 | JANET WHITMAN
    The New York Times warned yesterday that its profit would fall short of Wall Street's expectations as it struggles to keep advertising dollars flowing into the newspaper giant. The latest bad news from the Gray Lady follows similar announcements from Wall Street Journal publisher Dow Jones and Dallas Morning News publisher Belo, as advertiser demand for print publications remains weak. The company has been on a rocky road the past year as a combination of an ad slump and uneven management upset shareholders. Just last week, Chairman Arthur "Pinch" Sulzberger and his cousin, Vice Chairman Michael Golden, said they would...
  • Times, Globe, Inquirer plan job cuts

    09/20/2005 4:23:13 PM PDT · by Criminal Number 18F · 30 replies · 1,007+ views
    UPI via Washington Times ^ | Sep. 20, 2005 at 6:13PM | UPI Staff
    Three of the most prestigious [sic] newspapers in the United States, the New York Times, Boston Globe and Philadelphia Inquirer, announced job cuts Tuesday. ... Like most other newspapers, the Times Co. and Philadelphia Newspapers have been hit by declining circulation and ad revenue as both readers and advertisers turn to the Internet.
  • Study finds dramatic loss of tech jobs

    10/18/2004 2:19:16 PM PDT · by baseball_fan · 10 replies · 547+ views
    CNET News.com ^ | 10/18/04 | Ed Frauenheim
    Job trimming at technology companies took off during the past three months, according to a new report. Announced job cuts in the technology sector hit 54,701 in the third quarter, up 60 percent from the second quarter and 14 percent from the third quarter of 2003, according to a report Monday from employment services firm Challenger, Gray & Christmas. Challenger defines the technology sector as computer, electronics, telecommunications and e-commerce companies. John Challenger, CEO of Challenger, Gray & Christmas, blamed the cuts on pricing problems in the sector. "High-tech job cuts are on the way up as the end of...
  • Cuts to hit area hard (Some positions will be lost to outsourcing; cuts may be spread over time)

    04/28/2004 9:42:49 AM PDT · by Doohickey · 10 replies · 283+ views
    Richmond Times-Dispatch ^ | 4/28/04 | Carol Hazard
    <p>The area's largest nongovernment employer could reduce its work force by as much as 20 percent - or about 3,400 people companywide - in the next 18 months, according to documents obtained by The Times-Dispatch.</p> <p>Most of the cuts are expected to hit the Richmond area, where more than half of its employees work. By some estimates, about 2,550 jobs will be lost here.</p>
  • Volkswagen to cut 5,000 Jobs.

    03/09/2004 11:58:34 PM PST · by BooBoo1000 · 5 replies · 146+ views
    Toronto Star ^ | 3-9-04 | Staff Writer
    Click to launch Volkswagen cuts 5,000 jobs amid `lousy' profit outlook Firm targets $3.6 billion in savings Stock has lost 13% so far this year WOLFSBURG, Germany—German car maker Volkswagen AG announced plans yesterday to slash 5,000 jobs as part of a new cost-cutting drive as it warned of a "lousy" first quarter on top of last year's slump in profits. VW also warned that a goal of beating last year's operating profit before special items was ambitious, despite hefty cutbacks and the key launch of its Golf V hatchback. VW said the new efficiency program should reap an extra...
  • Layoffs at U.S. firms ease in December - report

    01/06/2004 8:09:24 AM PST · by Starwind · 3 replies · 129+ views
    Biz.Yahoo/Reuters ^ | January 6, 2004
    Layoffs at U.S. firms ease in December - report Tuesday January 6, 10:01 am ET NEW YORK, Jan 6 (Reuters) - Job cuts announced by U.S. employers fell modestly in December, a report said on Tuesday, and for the whole of 2003 they were 16 percent below 2002. Planned layoffs at U.S. companies fell to 93,020 in December from 99,452 in November, job placement firm Challenger, Gray & Christmas, Inc. said in its monthly report. For 2003, job cuts declined to 1,236,426 from 1,466,823. "The decline in job cuts is certainly welcome news, but it is difficult to get too...
  • U.S. firms' job cuts plunge 42 pct in Nov. -report

    12/02/2003 7:27:43 AM PST · by Starwind · 8 replies · 178+ views
    Biz.Yahoo/Reuters ^ | December 2, 2003
    U.S. firms' job cuts plunge 42 pct in Nov. -report Tuesday December 2, 10:04 am ET NEW YORK, Dec 2 (Reuters) - The number of job cuts announced by U.S. employers fell 42 percent in a holiday-shortened November after hitting a 12-month high in October, a report said on Tuesday. Planned layoffs at U.S. firms fell to 99,452 jobs in November from 171,874 in October, job placement firm Challenger, Gray & Christmas, Inc. said in their monthly job cut report. Job cuts announced so far this year amount to 1,143,406, 17 percent less than the same period a year ago....
  • U.S. Job Cuts Surge 125 Percent in Oct.-Challenger

    11/04/2003 7:47:38 AM PST · by Brian S · 26 replies · 205+ views
    Reuters ^ | 11-04-03
    Tue November 4, 2003 10:33 AM ET NEW YORK (Reuters) - The number of job cuts announced by U.S. employers surged 125 percent in October, after declining for two months, calling into question the strength of the recovery in the job market. Planned layoffs at U.S. firms shot up to 171,874 jobs in October, from 76,506 in September, job placement firm Challenger, Gray & Christmas said on Tuesday. Announced layoffs were at their highest since Oct. 2002, when 176,010 job cuts were announced. "With factors like technology, outsourcing, and consolidation working against job creation, any job market rebound we see...
  • Job cut announcements up 43%

    08/05/2003 1:23:15 PM PDT · by ex-snook · 131 replies · 314+ views
    CNN Money ^ | Aug 5, 2003 | Mark Gongloff,
    <p>NEW YORK (CNN/Money) - U.S. job-cut announcements jumped in July to their highest level in three months, an outplacement firm said Tuesday, another sign that the longest job-market slump since World War II continues.</p> <p>U.S. employers announced 85,117 job cuts in July, a 43 percent jump from 59,715 in June, according to Chicago-based outplacement firm Challenger Gray & Christmas, which publishes monthly tallies of job-cut announcements.</p>
  • Job cut announcements up 43%; Planned reductions jump to highest level since April

    08/05/2003 7:15:16 AM PDT · by Brian S · 16 replies · 205+ views
    CNN/Money ^ | 08-05-03
    <p>NEW YORK (CNN/Money) - U.S. job-cut announcements jumped in July to their highest level in three months, an outplacement firm said Tuesday, another sign that the longest job-market slump since World War II continues.</p> <p>U.S. employers announced 85,117 job cuts in July, a 43-percent jump from 59,715 in June, according to Chicago-based outplacement firm Challenger, Gray & Christmas, which publishes monthly tallies of job-cut announcements.</p>