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


To: Knighty Tin who wrote (27281)4/11/2005 8:18:13 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Layoffs Du Jour - catching up Since April 1

261...Portland School Board
Latest Portland school board budget plan calls for 261 job cuts Open this result in new window
NWCN - Mar 31 9:06 AM
PORTLAND - Proposed cuts totalling over $25 million, including drastic teacher layoffs, were detailed in a revised 2005-06 budget proposal presented to the Portland Public Schools board on Wednesday night by Superintendent Vicki Phillips.

67....Transmeta
Transmeta to restructure, shift to consultancy and outsourcing
Friday, April 01, 2005 7:57:50 AM ET
newratings.com
NEW YORK, April 1 (newratings.com) – Transmeta Corp (TMTA.NAS) Thursday announced a restructuring plan involving job transfers and cuts, aimed at achieving its transformation from a chip maker to a processor technology developer.
The company, which plans to layoff 67 of its 208 employees, has decided to replace its current chief executive and president, Mathew Perry, with a former senior vice president for marketing, Arthur Swift.
newratings.com

35...St. Cloud School District
St. Cloud Proposes $5.5M In Cuts To Schools Open this result in new window
WCCO 4 - 2 hours, 2 minutes ago
St. Cloud, Minn. (AP) The St. Cloud School District is proposing to eliminate 35 licensed staff positions, including what amounts to three full-time music teachers, according to a report.
wcco.com

Blockbuster laying off 20 percent of headquarters staff
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DALLAS Blockbuster plans to lay off up to 20 percent of its headquarters staff in Dallas and in nearby McKinney.
Authorities say the job cuts are designed to help offset an incremental 70 (M) million dollars that the company said it would spend this year on Blockbuster.
kvia.com

250...Sears
Sears plans layoffs at headquarters
Nashua Telegraph - Apr 02 6:56 AM
HOFFMAN ESTATES, Ill. (AP) - Sears Holding Corp. plans a “mass layoff” of 250 workers at its headquarters in this Chicago suburb, according to a report filed with the state’s Department of Commerce and Economic Opportunity.
freep.com

114....Carolina Mills
Maiden-based mill announces 114 layoffs
The Shelby Star - Apr 01 6:51 AM
Citing yet another surge of textiles imported from China, Maiden-based Carolina Mills announced about 114 layoffs Thursday at its last remaining Gaston County operation.
shelbystar.com

Houston Business Journal - 10:38 AM CST Friday
NEON Systems to implement layoffs
Mary Ann Azevedo
Houston Business Journal
NEON Systems Inc. said Friday it will reduce staff by 12 percent as it works to integrate the recent acquisitions of two mainframe integration software firms.

800...Celestica
Celestica Laying Off 800 Workers
Fri Apr 1, 5:21 PM ET
FORT COLLINS, Colo. - Electronics manufacturer Celestica Inc. said it will close its Fort Collins plant within a year, putting some 800 employees out of work in a region still recovering from the high-tech bust.
news.yahoo.com

150....Atmel
Atmel lays 150 at Springs plant Open this result in new window
Colorado Springs Gazette - Mar 31 3:48 PM
Atmel Corp. has laid off 150 people at its chip fabrication plant in Colorado Springs as the company strives to become profitable. The cuts, roughly 7 percent of the plant s work force, took place Wednesday and Thursday.
gazette.com

300....I2 Tech
# I2 to lay off 15 percent of workforce
By Robert McMillan Supply chain software vendor i2 Technologies Inc. on Wednesday announced that it has begun a round of layoffs that will see as much as 15 percent of its 2,000 person workforce eliminated. The struggling software vendor will notify most employees of the layoffs by Thursday, the end of the company's first fiscal quarter, said company spokeswoman Beth Elkin. The layoffs.
thestandard.com

35...Boston Herald
Boston Herald To Cut Jobs
BOSTON -- The Boston Herald has told an employee union that it plans to eliminate about 35 editorial positions through buyouts or layoffs.
thebostonchannel.com

Undisclosed....Pfizer (could be about 10000)
Pfizer lowers earnings outlook, plans job cuts
By Christopher Rowland, Globe Staff | April 6, 2005
Pfizer Inc. predicted yesterday that profits will plummet 25 percent this year and said it plans to eliminate jobs and make other spending cuts that will save $4 billion a year.
The worsening outlook for the world's biggest drug company is a result of patent expirations on products representing one-third of Pfizer's total revenues, lingering questions about safety that have pushed down sales of its pain drugs Celebrex and Bextra, and a hostile regulatory environment that is putting a check on prices.
The company said at least part of its cost reductions, which will be phased in over the next three years, would be achieved through layoffs and attrition.
''We will be looking at head count," Pfizer chief executive Hank McKinnell said at a teleconference with reporters in New York.
Pfizer said manufacturing and sales positions would be likely targets but did not specify how many people would lose their jobs, or when. Before yesterday's meeting, analysts had estimated the company might cut as many as 10,000 of the company's 115,000 jobs.

1000....Ford
# Ford Motor plans white-collar job cuts in US
New Ratings - Apr 05 8:40 AM
NEW YORK, April 5 (newratings.com) Ford Motor Company (F.NYS) is planning to eliminate about 1,000 white-collar jobs in the US as part of a new cost-cutting initiative, Detroit News reported on Tuesday.
newratings.com

800 in two years....Marconi
Marconi cuts keep coming in Marshall
Wednesday, April 06, 2005
By Corilyn Shropshire, Pittsburgh Post-Gazette
The steady trickle of job losses continues at Marconi's Marshall-based operations.
The British-based telecommunication services firm has begun laying off about 100 employees from its broadband routing and switching division, the bulk of them at its local facility.
The layoffs began this week, company spokesman Joe Ferrara said, further reducing a payroll that has fallen to about 350 from more than 1,400 at its peak and stood at about 800 two years ago.
post-gazette.com

1080...GM in Oklahoma
Posted on Wed, Apr. 06, 2005
Click here to find out more!
Shift end affects about 830 jobs at Oklahoma GM plant
Associated Press
OKLAHOMA CITY - A decrease in demand for the two sport-utility vehicles manufactured at the General Motors Corp. Oklahoma City assembly plant has led to the elimination of the second shift at the facility, affecting about 830 jobs, officials said.
GM spokeswoman Nancy Sarpolis said late Tuesday that the shift would shut down June 27 at the plant, which has about 2,500 hourly and 180 salaried employees.
Sarpolis declined to characterize the shutdown as permanent, saying the corporation could restart the second shift if demand for vehicles manufactured by the plant increases. The shift begins at 4:30 p.m. daily.
Most of the job losses will occur among employees who worked that shift, but seniority and other factors will be weighed, Sarpolis said. Local and national union agreements will be followed, she said.
Higher gasoline prices and strong competition in the midsize SUV market has affected sales of the seven-passenger Chevrolet TrailBlazers and GMC Envoys made at the plant.
GM slowed its Oklahoma City assembly line by almost 25 percent earlier this year, a move that resulted in at least 250 layoffs.
miami.com

71...Nashua Corp.
# Nashua Corp. to close unit, cut 71 jobs
Nashua Telegraph - Apr 06 3:02 AM
NASHUA - Blaming high operating costs and two pending lawsuits, Nashua Corp. is getting out of the toner and developer business and will lay off 71 workers in that sector by next year, the company announced Tuesday.
nsnlb.us.publicus.com

400...United Airlines
400 jobs leaving Kent with call center
King County Journal - 2 hours, 45 minutes ago
KENT -- United Airlines informed city officials Tuesday that it will be closing its customer call center here June 4, a move that will affect 400 jobs.
kingcountyjournal.com

100...Imagistics
Associated Press
Imagistics Slashes 2005 Earnings Forecast
Wednesday April 6, 1:26 pm ET
Imagistics Shares Plunge As Company Cuts 2005 Earnings View, Closes Plants and Cuts Jobs
TRUMBULL, Conn. (AP) -- Office equipment supplier Imagistics International Inc. on Tuesday cut its 2005 earnings forecast and said it would close a manufacturing center and cut some jobs, citing weak revenue in its fax and copier businesses.
Imagistics shares dropped $4.21, or 12.3 percent, to $29.99 in afternoon trading on the New York Stock Exchange.
The company, which sells and services fax and copy machines, now expects 2005 earnings per share to range between $1.61 and $1.66 per share, down from its prior target of $1.85 to $1.90. The company said the earlier forecast did not include the effects of restructuring, severance charges or expensing of stock options, which taken together reduced earnings by 24 cents per share.
Imagistics said it will close its national remanufacturing center in Milford, Connecticut, because an industrywide shift to digital technology has resulted in dwindling demand for unconnected and analog remanufactured copiers. It also said it has cut 100 workers from its ranks in the first quarter, and plans to cut more jobs this year.
biz.yahoo.com

750...Capital One-over 2000 layoffs in one year
Capital One job cuts loom
Richmond Times-Dispatch - Apr 06 8:51 PM
Capital One Financial Corp. is moving forward with plans to cut 384 jobs at two sites in Henrico County. Some jobs will be eliminated June 1, others July 1, according to information filed with the Henrico County Board of Supervisors.
timesdispatch.com!business&s=1045855934855

500....American Airlines-400 already gone in december
500 jobs cut in K.C.
Star-Telegram - Apr 07 2:24 AM
500 jobs cut in K.C. American Airlines will cut more than 500 employees at its Kansas City maintenance base in June, The Kansas City Star reported. The company notified workers about the job cuts Wednesday.
dfw.com

70...Advanstar Communications
About 70 lose jobs in layoffs
Duluth News Tribune - Apr 07 1:02 AM
of the business, employees report. Wednesday was a difficult day for employees at Advanstar Communications Inc.'s Duluth offices as they waited to find out their futures.
duluthsuperior.com

215....Tecumseh Products
# New Holstein Tecumseh Cuts 215 Jobs
WBAY 2 - Apr 07 4:49 PM
Tecumseh Products announced a large layoff at its New Holstein plant. We're told 215 people will be out of a job at Tecumseh Friday morning. The layoffs came as a shock to most, who say they found out just a few days earlier.
wbay.com

280....Duracell
Duracell To Shut Down Lexington Plant
WXII ThePiedmontChannel.com via Yahoo! News - 10 minutes ago
Duracell USA Battery will soon close its plant off Highway 64 East in Lexington. About 280 workers will be out of a job.
news.yahoo.com

500....Standard Commercial Tobacco
Tobacco Plant Merger Means Loss Of Jobs In Wilson
Standard Commercial Tobacco Closing Miller Street Plant
POSTED: 12:24 pm EDT April 6, 2005
WILSON, N.C. -- Standard Commercial Tobacco announced it will close one of its two tobacco plants in Wilson. The area is already suffering from an 8.9 percent unemployment rate.
Seasonal employees at Standard Commercial are used to annual layoffs, but now the layoff is permanent. The company is closing its Miller Street plant. Approximately 120 full-time and 371 temporary employees may lose their jobs next month.
wral.com

250...Auburn Foundry
# Auburn Foundry to close facility
Bankrupt company will lay off 250; buyer set to purchase 2 of its plants. The bankrupt Auburn Foundry is experiencing another blow — this time resulting in more job loss.
fortwayne.com

18....Arizona University
Arizona job cuts forced by budget mandate
Arizona Daily Star - Apr 08 3:25 AM
Decisions to eliminate 18 positions this week within the Arizona athletic department boiled down to mandates for a balanced budget, according to UA officials.
dailystar.com

500...Sears Holdings
# Layoffs at Sears Holdings
April 8, 2005 -- At least 500 workers will lose their jobs as part of a mass layoff at the Hoffman Estates headquarters of Sears Holdings Corp., the Chicago Tribune reported today.
the-dma.org

550 Ingram Micro to Outsource, Cut 550 Jobs
CHICAGO (Reuters) - Ingram Micro Inc. (IM) on Monday said it will cut about 550 jobs, or 20 percent of its North American staff, as a result of outsourcing and other actions, resulting in annual savings of $25 million by 2006.
The world's largest computer products distributor said in a statement that it will begin outsourcing some North American positions in finance, shared services, customer service, vendor management and technical support, by the end of 2005.
About half of the job cuts will be in Ingram Micro's offices in Orange County, California, with most of the remainder split between Canada and Buffalo, New York, a company spokeswoman told Reuters in an e-mailed note.
Ingram Micro, which employed about 13,500 worldwide at the end of the fourth quarter, said that it was in final negotiations with two outsourcing providers and expects to reach a decision by the end of April. After an outsourcing firm is retained, most of the affected jobs will be moved to a location outside North America, the spokeswoman said.
more here:
money.iwon.com