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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TH who wrote (22553)2/1/2005 1:36:20 AM
From: mishedlo  Read Replies (1) of 116555
 
Layoffs Du Jour
82, Boeing Co
Employees said the mood was grim at Boeing Co. on Friday as 82 employees received formal notices that their last day of work in the Decatur plant will be March 31.
decaturdaily.com

90....Yonkers hospital
Yonkers hospital cuts 90 jobs
The Journal News - Jan 29 1:55 AM
YONKERS — St. John's Riverside Hospital has slashed 90 positions from it staff, its first job cuts in more than a decade as the hospital faces an expected decline in Medicare payments and the possibility of state Medicaid cuts.

5500....Celestica
Celestica's latest job cuts reflect industrywide overcapacity, analysts
Canadian Press via Yahoo! News - Jan 28 12:50 PM
TORONTO (CP) - Celestica's latest restructuring, which will cut 5,500 more employees worldwide and trim over $;1 billion US from its bottom line in 2004 and 2005, has some analysts wondering if it will ever achieve acceptable profitability.

300....Mitsubichi
Mitsubishi’s Layoffs Mean It Will Outsource Most Consumer Auto-Loan Services
American International Automobile Dealers Association - Jan 31 1:57 AM
Mitsubishi Motors Corp. said Friday that it will cut 300 jobs at its Cypress credit office -- one-third of its local work force -- as part of a restructuring plan that is the Japanese automaker’s second bailout in nine months.

30....Owens and Hurst. Lumber mill closes. Eureka, Montana.
Doesn't sound like many until you learn the town's population is 1,000.

200....QuadraMed
From the January 28, 2005 print edition
Health Care
QuadraMed cuts 200 jobs; Fairfax bullish on sector
Neil Adler
Staff Reporter
To bolster its revenue and shrink its spending, QuadraMed has eliminated about 200 positions -- the latest downsizing by the Reston company, which once had more than 3,000 workers.

7...Money magazine
MONEY MAG DROPS SEVEN FROM STAFF
New York Post - Jan 30 10:03 PM
There's more upheaval at Money magazine as new Managing Editor Eric Schurenberg continues to shed people who joined when Bob Safian was running the show.
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