Layoff Totals for US Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Layoff Totals for US Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: peppe51	1/15/2009 8:53:41 AM
	Read Replies (1) of 8051

2000...MeadWestvaco Corp. today announced a series of cuts, including the elimination of 2,000 jobs — 10 percent of its employees — as it struggles with the recession. The packaging company, which is building a $100 million corporate headquarters that is to open next year in downtown Richmond overlooking the James River, announced the cost-cutting measures in a news release this morning. Spokeswoman Alison von Puschendorf said today’s announcement will not affect the company’s plans to move from MeadWestvaco’s current space in Glen Allen. But she said the company likely will end up leasing out several floors of its new downtown Richmond building, which has nine stories. The company has about 750 employees working in Glen Allen; the new Richmond building is being built to accommodate about 1,000 people, von Puschendorf said. “We remain committed to moving downtown and we’re looking forward to being a part of the Richmond community,” she said. The company said the 2,000 job cuts will be spread worldwide, with about 800 of those positions to be eliminated by the end of the first quarter. MeadWestvaco said it could save up to $175 million through the job cuts. timesdispatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next