Sony DADC announced it will lay off 35 workers from its Terre Haute, Indiana plant. The business currently employs more than 1,400 workers. The layoffs are scheduled to go into effect on Oct. 1.
Source: WTHITV
Rockefeller & Co’s CEO committed suicide: report
(Reuters) – James McDonald, chief executive officer of investment management firm Rockefeller & Co, committed suicide on Sunday in Massachusetts, the Wall Street Journal said, citing people familiar with the matter. – Source: Reuters
Newport Beach financier Danny Pang dies at 42
(LATimes) – Newport Beach financier Danny Pang died early Saturday at a local hospital, according to the Orange County coroner’s office. The cause of death has not been determined and an autopsy is planned for Sunday, said Larry Esslinger, supervising deputy coroner. – Source: LATimes
Financier Finn Casperson dead in apparent suicide
(Inquisitr) – Ex-CEO of Beneficial Corp. Finn H.W. Casperson was found dead in an apparent suicide behind an office building in Westerly, Rhode Island. – Source: TheInquisitr
Dying Blagojevich fundraiser said he overdosed, mayor says
(CNN) – Police are investigating the death of the former chief fundraiser for ex-Illinois Gov. Rod Blagojevich as a “death-suicide,” an Illinois mayor said Sunday. – Source: CNN
Source: Infowars
Unemployment in the San Francisco metropolitan area rose slightly to 9.5 percent in August from 9.4 percent in July, the state Employment Development Department reported Friday. The region, which includes San Francisco, Marin and San Mateo counties, had 5.4 percent unemployment in August. 2008.
Silicon Valley unemployment rose to 12 percent in August from 11.8 percent in July and 6.4 percent in August 2008.
Source: SFBusinessTimes
Five states posted jobless rates above 12% in August, according to federal data released Friday:
Source: CNNMoney
Five staffers in the Chronicle’s classified advertising department, four of them Guild members, agreed to job buyouts last week, according to the union, and “at least one voluntary layoff has been accepted in editorial.
Source: San Francisco Business Times
St. Louis-based Monsanto, one of the world’s largest agricultural companies, plans to slash 8 percent of its total staff - a hefty amount of job cuts that is twice what the company projected in June. The cuts could come to about 1,800 members of its 21,700-person workforce.
Source: Costar.com
The University of North Carolina system has eliminated more than 900 positions across its 16 campuses in recent months to offset lower state funding, officials said Thursday.
More than 95 percent of the cuts – 866 positions – were administrative jobs, officials said. About 40 faculty jobs also were cut.
Source: WRAL.com
ConAgra Foods will lay off 300 hourly employees in Garner as a result of diminished production following the June explosion that killed three and injured dozens of others, the company told workers in a meeting Wednesday evening.
The layoffs will take effect in mid-November. In addition to the layoff of 300 workers, the company will also eliminate the jobs of 21 salaried employees. The facility currently employs about 750.
Source: TriangleBusinessJournal
Layoff notices were set to go out Friday to nearly 3,000 Philadelphia city workers, including hundreds of police officers and firefighters, as the cash-strapped city struggles to close a massive budget gap.
Source: Philly.com
The number of Americans filing first-time claims for jobless benefits fell unexpectedly last week, a sign the labor market is deteriorating at a slower pace as the economy pulls out of the recession.
Applications dropped by 12,000 to 545,000 in the week ended Sept. 12, from a revised 557,000 the week before, Labor Department data showed today in Washington. The total number of people collecting unemployment insurance rose the prior week, to 6.23 million.
Source: Bloomberg
Mercedes-Benz plans to cut an additional 200 jobs at its Alabama auto assembly plant by the end of this year, part of the latest effort to bring production in line with slumping global demand.
Source: TheBirminghamNews
Blockbuster Inc. plans to close 810 to 960 stores by the end of next year, including 280 to 300 normal closures and 300 to 385 accelerated closures this year.
Source: WSJ
Some employees at BusinessWeek magazine were surprised to hear about layoffs proposed in the first quarter of this year — they said they hadn’t heard a thing about it.
According to the information memorandum, 55 of 217 positions are supposed to be eliminated. Of sales, 9 of 69. Of marketing, 6 of 26. Of technology, 8 of 33. Of circulation, just one of 19. And in the “other” category, 6 of 57. That’s a total of 85 eliminations among 421 jobs - about 20 percent - leaving 336 BusinessWeek employees.
Source: NYTimes
Verizon’s Chief Financial Officer John Killian is not sugarcoating what’s in store for the ILEC’s workforce: more job cuts are coming. During an investor conference late last week, Killian said additional employee reductions are necessary, but would not offer a specific timeline when these cuts would occur. Over the past year, Verizon laid off 8,000 workers with plans to cut another 8,000 in the second half of 2009.
Source: FierceTelecom.com
About 164 General Electric workers are losing their jobs at the Bloomington plant.
In late July, GE had announced its decision to cancel a planned plant closure, where 530 people were employed. But now the company says the job cuts, affecting 164 workers, are necessary in response to the downturn economy and lower demand for side-by-side refrigerators.
Source: WIBC
Magna International Inc. plans to cut 10,500 jobs at General Motors Co.’s Opel unit, Frankfurter Allgemeine Sonntagszeitung reported today, citing an unidentified Magna spokesman.
About 4,500 of the total cuts will be in Germany, the newspaper said in an e-mailed summary of an article to be published tomorrow.
Source: Bloomberg
Aerospace Testing Alliance (ATA), prime contractor at Arnold Center, yesterday notified some of its employees that they will be laid off effective Sept. 25.
The final number was 132 separations of regular, full-time employees, including 47 who volunteered for the layoff for personal reasons; 27 were involuntary and the remainder were retirements or ATA teammate reductions. The reduction included both salaried and hourly employees. ATA has been the operating contractor at AEDC since 2003; the company employs about 2,200 people.
Source: TullahomaNews
Pfeiffer Foods, Wilson’s largest private employer with 150 workers, plans to shut down its plant by the week before Thanksgiving, employees were told Thursday. The facility, which has been in operation since the early 1950s, also plans to reduce its work force to 40 by mid-October.
Pfeiffer is a division of T. Marzetti Co., which essentially is the specialty foods subsidiary of Lancaster Colony Corp., a publicly traded company based in Columbus, Ohio, that makes and sells food, housewares and automotive supplies.
Source: BuffaloNews
Nearly 140 jobs are on the line at Morgan Research Corp.’s Orlando defense unit, as contractors spar over an Army contract potentially worth $270 million, the company said Thursday.
Morgan Research, an engineering company based in Huntsville, Ala., issued layoff notices this week to 136 workers in its Central Florida Research Park unit, which performs financial-processing work for the Army’s training-contract agency, also in the park. The layoffs would occur in November.
Source: OrlandoSentinel.com
NetJets Inc., the unprofitable plane-leasing unit owned by Warren Buffett’s Berkshire Hathaway Inc., is cutting more than 300 jobs after replacing its chief executive officer.
“Severe economic conditions facing the aviation industry” have reduced demand for flights, Columbus, Ohio-based NetJets said today in an e-mailed statement. Ted Lowen, a spokesman for NetJets, said the cuts could affect as many as 350 employees. The company said the reduction involves about 5 percent of staff, which was about 8,000 at the end of 2008.
Source: Bloomberg
Oracle Layoffs Discussion (RSS)Powered by WordPress