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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (26289)3/25/2005 1:01:57 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Layoffs Du Jour

2000....Alcoa
Associated Press
Alcoa to Cut 2,000 Jobs; Sell Elkem Stake
Tuesday March 22, 8:29 am ET
Alcoa to Cut 2,000 Jobs Over the Next 12 Months; Sell Stake in Norway's Elkem ASA
PITTSBURGH (AP) -- Alcoa Inc. will cut 2,000 jobs over the next 12 months as the aluminum company streamlines its operations as part of its new global business structure, the company announced Tuesday.
biz.yahoo.com

200....Kansas City Schools
Posted on Wed, Mar. 23, 2005
School budget cuts proposed
By DEANN SMITH The Kansas City Star
Kansas City school Superintendent Bernard Taylor is proposing eliminating up to a tenth of the district's teacher, librarian and counselor positions and laying off some vice principals and administrators.
kansascity.com

62...Oswego City schools
Wednesday March 23 2005
10:20 am
Meeting held to discuss school budget situation
Updated: 3/23/2005 6:22 AM
By: Nick Cowdrey, News 10 Now Web Staff
28.3 teacher positions, 33.5 staff positions, and the elimination of several student clubs and athletic programs.
news10now.com

2000....Pioneer Corp.
Pioneer to Cut Workforce by 5.1 Percent, Ito Says (Update2)
March 23 (Bloomberg) -- Pioneer Corp., which forecasts its first annual loss in nine years, said it will try to recover profitability by cutting jobs and closing factories.
The company will eliminate 2,000 jobs, reducing its workforce by 5.1 percent to 37,000, Pioneer President Kaneo Ito said at a news conference today in Tokyo. He didn't give a time frame for the job cuts. The company also plans to shut about 10 production facilities, mainly overseas, leaving it with 30 factories worldwide, he said.
bloomberg.com

200....East Side Union High School District
SAN JOSE, Calif. San Jose high school students are letting it be known they don't want to see their teachers lose their jobs to layoffs.
About 900 students at six high schools walked out of class yesterday protesting planned teacher cutbacks in the East Side Union High School District.
The walkouts came after layoff warnings were sent to nearly 800 teachers during the last week. School officials say the warnings are a formality, and less than 200 teachers will be let go.
kesq.com

54....Cerro Metal Products
Manufacturing Plant Makes Another Round Of Layoffs
WJAC 6 Johnstown - Mar 23 3:56 AM
Centre County -- More layoffs are headed to one of Centre County's largest manufacturing plants. Cerro Metal Products handed pink slips to 24 employees in a second wave of layoffs. Thirty workers were laid off from the Bellefonte plant in December.
wjactv.com

24....DuPont
2 dozen layoffs expected at Florence plant
WIS-TV Columbia - 30 minutes ago
(Florence-AP) March 23, 2005 - A Florence company says it is laying off two dozen workers. DuPont says two dozen workers at its Teijin Films plant in Florence will be laid off at the end of the month.
wistv.com

55....Berkeley Premium Nutraceuticals
Berkeley lays off workers
Cincinnati Enquirer - Mar 22 2:41 AM
Berkeley Premium Nutraceuticals, the Forest Park company raided by eight law enforcement agencies last week as part of a yearlong mail fraud investigation, said Monday it has laid off 55 workers.
news.enquirer.com

40...United Elastic
# Stuart Manufacturing Plant Cuts 40 Jobs O
WXII ThePiedmontChannel.com via Yahoo! News - Mar 22 10:37 AM
A textile manufacturing plant in downtown Stuart, Va., has cut a total of 40 jobs in the last week, according to company officials.
news.yahoo.com


125...Omnova Solutions
Omnova Solutions Posts Wider 1Q Loss
Tuesday March 22, 10:43 am ET
Omnova Solutions Posts Wider First-Quarter Loss on Restructuring and Severance Charges
FAIRLAWN, Ohio (AP) -- Omnova Solutions Inc., a maker of chemicals, decorative surfaces and building products, on Tuesday reported a wider first-quarter loss, hurt by restructuring and severance charges after the company decided to exit a wallcovering distribution business, as well as a labor strike.
biz.yahoo.com

36....Lear Corporation
Lear Corporation announces job cuts O
WOOD TV 8 - 1 hour, 2 minutes ago
(Walker, March 24, 2005, 7:38 a.m.) The City of Walker received a warning letter yesterday from the Lear Corporation stating the company's plans to cut 36 jobs from its Alpine Avenue plant on May 6.
woodtv.com

27....Cattaraugus County
Budget cuts of $2 million include elimination of 27 jobs
The Buffalo News - 47 minutes ago
LITTLE VALLEY - The Cattaraugus County Legislature took some painful steps Wednesday to cut about $2 million to balance the lopsided 2005 budget in the first quarter of the year.
buffalonews.com

530...Bosch Corporation
Bosch layoffs begin
Posted: 03/23/2005 03:12 pm
Michigan - The first round in a series of massive job cuts has begun at Bosch Corporation in Lincoln Township, Michigan.
The layoffs will eventually total 530 workers. Forty-two people lost their jobs last week.
wndu.com

100....Georgia-Pacific
Georgia-Pacific offers buyouts to 100 workers
Georgia-Pacific Corp. is offering voluntary severance packages to eliminate up to 100 jobs at its Broadway mill.
The company will accept however many take the buyout package, up to 100, said Mary Jo Malach, company spokeswoman.
greenbaypressgazette.com

undisclosed....Socorro Observatory
Radio telescope near Socorro faces budget problems
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SOCORRO, N.M. A tight federal budget is forcing the National Radio Astronomy Observatory to trim its staff.
The N-R-A-O runs the Very Large Array radio telescope west of Socorro
N-R-A-O director Fred Lo says the observatory is encouraging early retirements.
kvia.com

Delta CEO: More Cost Cuts Are Needed
AP via Yahoo! News - Mar 23 2:14 PM
Delta Air Lines Inc. will have to cut more costs to deal with increases in fuel prices because raising ticket fares alone will not do the job, the struggling carrier's chief executive said Wednesday.
news.yahoo.com

25....Xcyte Theraphies
Xcyte Cuts Staff By 24%, Focuses Efforts On Leukemia, HIV
IWon - Money - Mar 23 2:49 PM
SEATTLE (Dow Jones)--Xcyte Therapies Inc. (XCYT) cut its work force by 24% to 81 and trimmed its clinical development efforts to focus on two diseases: chronic lymphocytic leukemia and HIV.
money.iwon.com.

35, Alcan Packaging Inc.
Thursday, March 24, 2005
From staff reports
nj.com
Two major companies in the area have plans to lay off about 50 workers.
Alcan Packaging Inc. is laying off at least 35 people at its plant in Lehigh Valley Industrial Park VI in Bethlehem Township, Pa., according to a company filing with the state Department of Labor and Industry. The layoffs are effective March 31.

90, Lexington Home Brands
Thursday, March 24, 2005
Plants to get more layoffs
Company in Lexington to cut 90 furniture jobs
journalnow.com.
By Richard Craver
JOURNAL REPORTER
The erosion of Davidson County's furniture-manufacturing base accelerated yesterday when Lexington Home Brands confirmed that it would eliminate up to 90 jobs at two plants by mid-May