LayoffBlog.com

Johnson & Johnson to cut up to 8,000 jobs

7macaw — Tue, 03 Nov 2009 17:47:38 +0000

Johnson & Johnson said Tuesday that it will cut up to 8,000 employees worldwide as part of a cost-savings plan that will allow the health-care giant to expand its business.

Source: CNN Money

5,000 jobs to go at Shell as profits plunge 73 per cent

7macaw — Fri, 30 Oct 2009 18:28:26 +0000

Cost-cutting plan will strip out 10 per cent of the company’s global workforce

Source:The Independent

Sun Microsystems to cut 3,000 jobs

7macaw — Wed, 21 Oct 2009 04:24:18 +0000

Sun Microsystems said it will cut 3,000 jobs over the next year, citing delays in its pending acquisition by Oracle, according to a regulatory filing released on Tuesday.

Source: CNN

U.S. Initial Jobless Claims Decrease to 10-Month Low

7macaw — Thu, 08 Oct 2009 16:23:34 +0000

The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as the economy emerges from the recession.

Source: Bloomberg

Obama Weighs Spending to Stem Job Cuts Without Second Stimulus

7macaw — Tue, 06 Oct 2009 16:15:12 +0000

President Barack Obama is considering a mix of spending programs and tax cuts to respond to widening job losses that would amount to an additional economic stimulus without carrying that label.

Source: Bloomberg

Challenger says layoff announcements at 18-month low

7macaw — Thu, 01 Oct 2009 16:39:11 +0000

The outplacement firm Challenger Gray and Christmas reported today that planned layoff announcements fell from 76,456 in August to 66,404 in September, the lowest level since March 2008.

Source: Examiner.com

American Apparel Sets Layoffs Tied to Immigration Probe

7macaw — Tue, 29 Sep 2009 23:18:14 +0000

Hip clothing maker American Apparel Inc. will lay off more than a quarter of its factory work force in Los Angeles amid a probe by U.S. immigration authorities.

In early July, the company announced that it had been notified by U.S. Immigration and Customs Enforcement, or ICE, that 1,600 of it is 5,600 factory employees, who are largely Hispanic immigrants, might be in the U.S. illegally. An American Apparel spokeswoman said that about 1,500 workers would be terminated in coming weeks.

Source: The Wall Street Journal

Peterbilt plant will close for good

7macaw — Tue, 29 Sep 2009 16:26:42 +0000

The Peterbilt truck plant in Madison[,TN], which has been shut down since employees were locked out in a labor dispute in June 2008, will close permanently as of Dec. 1, the company said Monday. About 390 workers will lose their jobs, said plant manager Larry Vessels.

Source: The Tenessean

AvtoVAZ Says Job Cuts May Reach 27,600 as Sales Drop

7macaw — Thu, 24 Sep 2009 21:28:22 +0000

OAO AvtoVAZ, Russia’s biggest carmaker, said it may eliminate 27,600 jobs, or about a quarter of its workforce, as it slashes production to cope with plunging domestic sales.

AvtoVAZ, 25 percent owned by Renault SA, said today it’s operating at 65 percent of capacity. The automaker’s share of the Russian market may decline to 17 percent in 2015 from 25 percent this year as foreign automakers ramp up production in Russia, Goldman Sachs Group Inc. said in a report this week.

Source: Bloomberg

UBS cuts jobs at U.S. wealth arm

7macaw — Wed, 23 Sep 2009 16:11:25 +0000

Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.

Source: Reuters