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

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To: mishedlo who wrote (24685)3/1/2005 11:58:55 PM
From: RealMuLan  Read Replies (2) of 116555
 
General Electric to lay off 54 workers at Mebane plant

Associated PresBURLINGTON, N.C. - General s
Posted on Tue, Mar. 01, 2005

Electric plans to eliminate 54 jobs at its plant in Mebane by the end of this week, the company has announced.

The staff reduction is the result of "a decline in orders affecting several production lines," said Bill Futch, the plant's human resources manager.

The GE plant, which opened in 1972, has been a major employer in the Mebane and Efland communities for more than three decades. GE manufactures high-tech switching equipment there.

The plant's work force has nearly been cut in half over the past seven years from nearly 940 people to about 500.

The company will offer some employees early retirement, income benefits of a week for each year of service and medical insurance for up to a year.

The company will also help the laid-off employees with education and training so they can get other jobs, Futch said.
miami.com

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LBUSD could lay off some psychologists

By Kevin Butler
Staff writer

LONG BEACH — The Long Beach Unified School District may send notices about possible layoffs to 11 school psychologists to save money in next year's budget.
The Long Beach Board of Education is scheduled to decide tonight whether to send notices by March 15 in order to save about $1 million in salaries and benefits, said district spokesman Chris Eftychiou.

How many of the employees would be able to work elsewhere in the district will be determined by the number of pending resignations or retirements, Eftychiou said. Some are working part-time.
presstelegram.com

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District targets teacher jobs

Larger classes would save $8.8m, FUSD says.

By Anne Dudley Ellis
The Fresno Bee

(Updated Monday, February 28, 2005, 5:42 AM)

As the Fresno Unified School District and the teachers union resume contract discussions this week, a key dispute is the district's attempt to cut teacher positions, about 100 jobs to save $8.8 million.

The district wants to increase class sizes in fourth through 12th grades by two students, reducing the number of teachers needed. It's an essential component in the district's quest for $40 million to balance its budget for the next school year and restore previous cuts, including elementary music and library staff.

The district would not likely have to lay off teachers because of retirements and teachers leaving the district.

The district, facing a state takeover if it cannot get its finances under control, also is seeking to cut costs on employee health benefits and save $30.4 million. Contract negotiations have been rocky, with the Fresno Teachers Association continuing to raise questions about the district's budget figures.
fresnobee.com

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Tuesday, March 01, 2005

Red Cross to lay off 55 in Roanoke

A Red Cross blood service official declined to say which jobs would be eliminated or when the layoffs would occur.

By Jeff Sturgeon
981-3251
The Roanoke Times

The Red Cross blood service based in Roanoke announced it must lay off about one in four employees to save money this year.

The organization said the changes would not disrupt the blood supply, but left unsaid how it planned to operate with significantly fewer personnel.

The not-for-profit organization said it will cut about 55 jobs as part of a nationwide overhaul of Red Cross blood operations announced a few months ago.

The Red Cross blood service in this area, formally known as the Appalachian Blood Services Region, employs about 225 people in administration and operations. On the operations side are those who collect blood, process it at the organization's Church Avenue blood bank and laboratory in downtown Roanoke and deliver the pints to 38 hospitals in Southwest Virginia and West Virginia.
roanoke.com
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Gladewater business to lay off about 127 employees

By JO LEE FERGUSON

Tuesday, March 01, 2005

Gladewater's second-largest employer is shutting down its manufacturing operations, with plans to lay off about 127 employees between April 24 and the end of the year.

GE Security, which is owned by General Electric Co., manufacturers a component for home and business security systems. City leaders said the company has been in Gladewater for about 15 years. GE bought a company called Interlogix in 2002, and that company owned what was then known as Caddx.

Gladewater's GE Security told its employees Wednesday that it would be closing the plant, said Michelle May, communications manager for GE Security. The layoffs will begin with eight people on April 24 and continue through December.

The production at the Gladewater company is being transferred to a plant in Mexico where similar products are already made, May said.

"Basically, we're looking at a manufacturing operations where the employees have done a great job in trying to make it a viable product to keep there," May said, but from an economic standpoint the company has to consolidate its operations and eliminate redundancies to be competitive.

"Consolidating it was an economic decision," May said.

news-journal.com!654183650?urac=n&urvf=11097385562920.5393875976815296
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Electrolux to lay off 450 people

By BUSH BERNARD
Staff Writer

Appliance-maker Electrolux, which added more than 900 employees to the work force at its range factory in Springfield last year, will temporarily lay off 450 people beginning Monday.

The layoffs involve 50 Electrolux employees and 400 workers hired through a temporary staffing agency, company spokesman Tony Evans said.

''We expect that employees will be recalled as the seasonal production needs increase in the second half of the year,'' he said.





Despite the cuts, the company remains one of the largest industrial employers in the area with a staff of about 3,300 workers.

''After the adjustment, the employment level will still be 18% higher than it was at the same time last year,'' Evans said. ''That doesn't make it any easier for everybody. … We hope to be able to bring all of them back. As we bring people back, it will be in the numbers that are needed.''

tennessean.com
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Siemens to Close Site, Lay Off 448


Web Editor: Sean Rowe
Last Modified: 2/25/2005 11:43:21 AM

Siemens Energy & Automation, Inc. is laying off 448 employees as it consolidates its manufacturing plant in Tucker, Ga., to existing locations in El Paso, Tx., and Juarez, Mexico.

The announcement came Friday morning as Siemens affirmed it would “fulfill its bargaining obligations with the International Brotherhood of Electrical Workers Union, Local 2127” regarding the layoffs. The transfer of services is expected to begin as soon as June and be finished by March 2006, Siemens officials said.

Pink-slipped workers will likely be eligible to seek positions at Siemens 31 other locations in Atlanta, company officials said. Siemens is expected to work with government agencies and other businesses to help find work for its displaced employees.

The company will also be offering separation pay, extended healthcare benefits and career transition services to its workers in Tucker.
11alive.com
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Taunton company to lay off 40 employees
Providence Business News, RI - Feb 25, 2005
Taunton-based Kopin Corporation announced Thursday it will lay off 40 workers, or 10 percent of its workforce. The company announced ...
pbn.com
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