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

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To: Earlie who wrote (25255)3/9/2005 10:01:51 PM
From: mishedlo  Read Replies (1) of 116555
 
Layoffs Du Jour

73, Cingular Wireless
Cingular issues 73 layoff warnings
seattle.bizjournals.com
Cingular Wireless has issued layoff notices to 73 employees at facilities in Bothell and Redmond, according to a notice sent to the state Employment Security Department. The terminations are effective April 29.

450, The Illinois Department of Human Services
Rockford, Illinois- More layoffs are planned for stateline workers.
wtvo.com
The Illinois Department of Human Services plans to layoff more than 450 workers, including 10 at the Singer Mental Health Center in Rockford. Officials say the notices will be sent out next Friday.
Cuts include eight mental health technicians, one clerical worker and one life skills coordinator.
However there will be 13 openings at the facility, so those eliminated may be moved into another position.

1100....Weston
# Weston puts closing sign on 2 plants
Toronto Star - Mar 05 1:36 AM
North America's third-largest bakery, George Weston Ltd., is closing two plants and cutting 1,100 jobs as consumer tastes shift away from sweets and white bread and more toward healthier whole-grain products.
news.yahoo.com

110...Thomasville Furniture-2686 lost since 2001
Posted on Sat, Mar. 05, 2005
Thomasville, Lexington announce job cuts at furniture plants
Associated Press
HIGH POINT, N.C. - Thomasville Furniture Industries will cut 110 jobs at two of its plants in Davidson County, the company announced Friday.
Plant C had about 160 employees and manufactures dining room tables and chairs. About 96 jobs at Plant C will be eliminated. About 14 of the 126 jobs at Plant V were eliminated due to reduced veneer needs associated with lost production at Plant C.
miami.com

Maytag will continue to outsource
Maytag Executives Outline Company Strategy
CEO Says Company Plans To Continue Outsourcing
DES MOINES, Iowa -- Maytag chief executive officer said Monday that the company will pursue more efficient manufacturing plants and continue to outsource more of its production to foreign companies.
Ralph Hake talked about Maytag's strategy at an investors' conference in Orlando, Fla. He said about 12 percent of Maytag's products are made overseas, but the percentage will go up.
The Newton-based appliance maker closed its refrigerator plant in Galesburg, Ill., last year and opened a new factory in Mexico. Hake said washer and dryer plants will see changes too.
Maytag has laundry plants in Newton as well as Herrin, Ill., and Searcy, Ark. He said cost cutting measures last year saved $30 million. The company is on track to save $150 million this year.
theiowachannel.com

220...Alcoa This facility employs 2200
Alcoa to Lay Off Some Quad Cities Workers
Tuesday March 8, 11:25 am ET
Alcoa to Lay Off About 20 Percent of Salaried Workforce in Quad Cities in Next 10 Days
RIVERDALE, Iowa (AP) -- Aluminum producer Alcoa Inc. said Tuesday it will restructure its salaried workforce in the Quad Cities during the next 10 days, laying off about 20 percent of those employees.
Alcoa to Lay Off Some Quad Cities Workers
Tuesday March 8, 11:25 am ET
Alcoa to Lay Off About 20 Percent of Salaried Workforce in Quad Cities in Next 10 Days
biz.yahoo.com

200....Bernhadt Furniture
Layoffs announced at furniture plant in Lenoir
The Charlotte Observer - Mar 09 12:24 AM
Bernhardt Furniture Co. will cut more than 200 jobs and halt manufacturing at a Lenoir plant, company officials announced Tuesday. The layoffs will take place at Bernhardt's Plant No. 2 in Lenoir, about 70 miles northwest of Charlotte, officials said in a news release.
charlotte.com

70....Xerox
Xerox cuts 70 jobs at Webster Manufacturing employees are offered company's standard severance package
Rochester Democrat and Chronicle - Mar 09 2:27 AM
(March 9, 2005) — Xerox Corp. is laying off 70 manufacturing employees at its Webster campus and cutting an undetermined number of service technicians nationwide through a voluntary reduction.
rochesterdandc.com
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