Layoffs Du Jour
some more and some biggies (perhaps we reported SBC yesterday)
SBC to eliminate 7,000 jobs in 2005
WASHINGTON (MarketWatch) - SBC Communications Inc. said Wednesday that severance and merger-related costs reduced fourth-quarter profit by 17 percent, but revenue rose for the third straight quarter on the strength of data and high-speed Internet sales.
In related news, the company said it expects to eliminate 7,000 jobs in 2005, or 4.4 percent of its 163,000 person work force. SBC said the cuts will be made "primarily" through attrition, which means leaving jobs unfilled when workers retire or leave the company....
cbs.marketwatch.com
350, Nokia
HELSINKI (AFP) - Nokia (news - web sites), the world's leading mobile phone maker, said it would cut 350 jobs in the United States and would revamp its range of handsets for the North American market in light of disappointing results there last year.
story.news.yahoo.com
60, Hillsdale Division of EaglePicher
MANCHESTER - Some 60 employees of an automotive component producer at Coffee County Interstate Industrial Park are facing the prospect of a layoff.
An official with Tennessee Department of Labor and Workforce Development confirmed the layoff at Hillsdale Division of EaglePicher, located at 285 Parktower Road, effective April 30.
Asked to comment, Hillsdale general manager Lamar Jordan said the reason for the layoffs is "one of our major customers is going to South Korea.
250, Anchor Hocking Co
Anchor Hocking Co. said Wednesday that it has finalized its decision to eliminate about 250 of the 500 jobs at its plant in Monaca, Beaver County, after detailed discussions with unions representing the plant's employees. Layoffs now are expected to begin in April. The company, which first announced its plan to restructure operations at the facility on Jan. 12, said it now has begun talks with four locals of the United Steelworkers union about benefits for the affected hourly employees and the restructuring process itself. Dan Taylor, the company's director of manufacturing, said union officials understand that "outside forces" prompted its decision based on the need to keep the plant competitive. The move is not a reflection of the work and dedication of employees, Taylor said. The Monaca plant makes candle jars and lighting fixtures. Union officials could not be reached for comment.
pittsburghlive.com
40, Eighty Four Lumber Co
A weak housing construction market in West Virginia's Kanawha Valley prompted 84 Lumber Co. on Wednesday to close a construction components plant and lay off 40 people. The St. Albans plant built roofing trusses, and 84 spokesman Kurt Ott said the company's 17 other component plants are located in urban areas with strong housing markets. The company plans to open nine component plants this year in areas like Phoenix, which is expected to have at least 20,000 housing starts a year, Ott said. The company is based in Eighty Four, Washington County.
pittsburghlive.com
[This company appears to be doomed. Opening up 9 new plants. I guess this should be 360 hired 40 fired for a net of +320. There are no places that make trusses in Phoenix? chasing the tail end of a boom? No one wants to buy houses in West Virginia? Is this the start of a trend? mish] |
