The Klaus Kneale Pink-Slip List (P-SL) for January 2009.
The following Pink-Slip List (P-SL) was compiled by Klaus Kneale.
Job losses = 165,662
Jan. 30: Sears Holdings (nasdaq: SHLD) dismisses 300 corporate employees as consumer spending slumps.
Jan. 29: Broadcom (nasdaq: BRCM) cuts about 3% of workforce (200 workers) and tightens discretionary spending.
Jan. 29: International Game Technology (nyse: IGT) cuts 200 from its manufacturing sector.
Jan. 30: Caterpillar (nyse: CAT) increases previous layoffs from 20000 to 22110, and share price hits 52-week low.
Jan. 29: Eastman Kodak (nyse: EK) took a $137 million Q4 loss and will cut up to 4500 jobs, up to 18% of workforce.
Jan. 29: Textron (nyse: TXT) subsidiary Cessna Aircraft will increase layoffs from 2600 to 4600, to be completed by April.
Jan. 29: Ford’s (nyse: F) credit subsidiary cuts 1200 jobs, about 20% of its workforce.
Jan. 29: Black & Decker (nyse: BDK) will eliminate 1200 jobs as power tool sales decline and Q4 earnings plunge.
Jan. 29: ESPN, part of the Walt Disney Co. (nyse: DIS), (nyse: DIS) will cut 200 jobs and Disney-ABC Television Group will release 400 to cope with weak economy.
Jan. 28: Boeing (nyse: BA) increases previously announced layoffs–bringing total to 10000 workers, or 6% of the company’s workforce.
Jan. 28: Starbucks (nasdaq: SBUX) organizes closings at 900 stores worldwide and fires 6700 in the process.
Jan. 28: Target (nyse: TGT) cuts 400 open positions and 600 employees on sagging sales.
Jan. 27: Time Warner’s (nyse: TWX) AOL reduces workforce by 10% (700 workers) as it fights declining ad revenue.
Jan. 27: Cabinet company Merillat–a subsidiary of Masco (nyse: MAS)–cuts 20% of workforce (70 workers).
Jan. 26: Texas Instruments (nyse: TXN) pink-slips 3400 (12% of workforce).
Jan. 26: IBM (nyse: IBM) selects 4000 to participate in its “current resource reduction action.”
Jan. 26: Lincoln National (nyse: LNC) posts five quarterly declines in profit; cuts 540 (5% of workforce).
Jan. 26: Caterpillar (nyse: CAT) announces quarterly profit plunge of 32%; fires 20000.
Jan. 26: Following the acquisition of the small drug outfit Wyeth for $68 billion, Pfizer (nyse: PFE) closes five factories and cuts 15% of total workforce (19000 workers).
Jan. 26: Sprint Nextel (nyse: S) pink-slips 8000 workers–recording more than $300 million in severance charges but saving $1.2 billion a year in labor costs.
Jan. 26: Home Depot (nyse: HD) closes high-end home design shops and slims ranks at headquarters; dismisses 7000.
Jan. 26: General Motors (nyse: GM) cuts production at several plants and fires 2000 in Michigan and Ohio.
Jan. 23: Brazil-based Deere & Company (nyse: DE) subsidiary lays off 502 employees.
Jan. 23: Abercrombie & Fitch (nyse: ANF) cuts 50 from headquarters as company leans expenses.
Jan. 23: Harley-Davidson (nyse: HOG) sees 60% drop in profits in fourth quarter of 2008; fires 1100 (10% of workforce).
Jan. 22: Microsoft (nasdaq: MSFT) has first mass layoff in 34-year history; pink slips 5000.
Jan. 22: Huntsman (nyse: HUN) reduces workforce by 9%; cutting 1175 regular workers and 490 full-time contractors.
Jan. 21: Burlington Santa Fe cuts 2500 workers (5% of workforce) despite a 19% jump in earnings during the fourth quarter.
Jan. 21: UAL (nasdaq: UAUA) fires 1000 to cut overhead costs.
Jan. 21: SPX (nyse: SPW) attempts to sell a business unit and cuts 400 employees to help endure the downturn.
Jan. 21: Intel (nasdaq: INTC) closes five manufacturing plants and pink slips 5000.
Jan. 21: Walt Disney (nyse: DIS) offers voluntary buyouts to 600 theme park executives on poor attendance.
Jan. 21: Wynn Resorts wraps up construction on Las Vegas Strip casino with 53-worker layoff in design and construction affiliate.
Jan. 21: Eaton (nyse: ETN) brings total workforce reduction since the beginning of last year to 10% with 5200-worker cut.
Jan. 21: Warner Bros. Entertainment–a part of Time Warner (nyse: TWX)–cuts 10% (800) of its jobs.
Jan. 20: Clear Channel Communications (nyse: CCU) reduces workforce across the entire company by 9% accounting for 1,850 job losses.
Jan. 20: Deere & Co. (nyse: DE) dismisses 120 at Iowa plant.
Jan. 16: ConocoPhillips (nyse: COP) trims capital spending by 18%, writes off $34 billion and reduces workforce by 4% (1300 jobs).
Jan. 16: Hertz Global Holdings (nyse: HTZ) sets out for worldwide restructuring in first quarter of 2009; cuts 4000 jobs.
Jan. 16: WellPoint (nyse: WLP) reduces workforce by 600 and removes 900 open positions.
Jan. 16: Advanced Micro Devices (nyse: AMD) reduces global workforce by 9% (1100 jobs).
Jan. 15: Xerox (nyse: XRX) cuts 275 jobs in New York region.
Jan. 15: MeadWestvaco (nyse: MWV) fires 2000 and plans closings or restructurings at up to 14 plants.
Jan. 15: Autodesk (nasdaq: ADSK) expects loss from 2008 fourth quarter; pink-slips 750 (10% of workforce).
Jan. 15: Marshall & Ilsley (nyse: MI) cuts 8% of staff (830) in ongoing cost-cutting.
Jan. 15: General Electric (nyse: GE) news) people )’s (nyse: GE) jet-engine group cuts 1000 white-collar jobs.
Jan. 14: Ecolab (nyse: ECL) restructures and reduces workforce by 4% (1000 jobs).
Jan. 14: Delta Air Lines (nyse: DAL) gives 2000 early retirements as part of 8% capacity reduction.
Jan. 14: Motorola (nyse: MOT) lays off 4000 following a 3000-worker layoff last year; expects savings of $700 million a year.
Jan. 14: Google (nasdaq: GOOG) fires 100 hirers as it cuts back on contract workers and temporary employees.
Jan. 13: Cummins (nyse: CMI) freezes salaries for the rest of the year and lets 800 go.
Jan. 13: Pfizer (nyse: PFE) cuts 800 researchers as it lowers cost in the face of poor performance and coming patent losses.
Jan. 12: Mosaic (nyse: MOS) fires 1000 in Saskatchewan.
Jan. 12: Aircraft maker and Textron (nyse: TXT) subsidiary Cessna sends 2000 packing.
Jan. 12: Best Buy (nyse: BBY) clears 12.5% of its headquarters staff with 500-employee layoff.
Jan. 12: Precision Castparts (nyse: PCP) dismisses 40 as airline industry continues to struggle.
Jan. 9: Oracle (nasdaq: ORCL) reportedly cuts 500 from U.S. sales and consulting businesses.
Jan. 9: Boeing (nyse: BA) cuts 4500 and returns workforce size to what it was in early 2008.
Jan. 9: Freeport-McMoRan (nyse: FCX) slices workforce in half at Arizona mine; 1550 workers let go.
Jan. 9: Smitfield Foods’ (nyse: SFD) Butterball–the nation’s largest turkey company–fires 75 at Missouri plant.
Jan. 8: Union Pacific (nyse: UNP) pink-slips 230 as company struggles; stock down 22% year-to-date.
Jan. 8: Navy shipbuilder Bath Iron Works–owned by General Dynamics (nyse: GD)–dismisses 179.
Jan. 8: Continuing companywide job cuts at Eaton (nyse: ETN) hit Iowa, with 78 laid off.
Jan. 8: Walgreen (nyse: WAG) cuts 1000–roughly 9%–from corporate and field manager ranks.
Jan. 7: EMC (nyse: EMC) fires 2400 as it reduces 2009 expenses by $350 million.
Jan. 6: Alcoa (nyse: AA) starts global salary and hiring freeze, plans sale of four non-core businesses and cuts workforce by 13% (13500 jobs).
Jan. 6: Aqua Glass–a subsidiary owned by Masco (nyse: MAS)–pink-slips 30 employees.
Jan. 5: Cigna (nyse: CI) reduces workforce by 4% (1100 jobs).
Jan. 5: United States Steel (nyse: X) cuts 50 jobs as it closes production lines in Texas.
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