A miserable Monday for job losses and crunch victims.
USCV: Another big day in the United States for job losses.
- Fort Wayne Community Schools will lay off more than 100 teachers at its school board meeting Monday night.
- CSX are laying off at least 200 employees or 25% of the workforce in Buffalo. Half of the 800 rail cars that go through Frontier Yard every day will now be re-routed to Ohio, Albany, and Syracuse. Fewer cars to work will mean fewer employees are needed.
- At least 561 Downey Savings & Loan workers in Newport Beach will be laid off over the next five months.
- Monahan Filaments is to lay off 54 workers because orders are down more than 50 percent from last year.
- PPG Industries is laying off 110 people at its fiberglass plant in Lexington. The company cited “unfavorable conditions in the global economy” as a reason for the layoffs.
General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cut 21000 U.S. factory jobs by next year and phase out the storied Pontiac brand.
For Pontiac, the decision means the death of a brand known for its muscle cars including the Trans Am made famous in movies and the GTO, the subject of a nostalgic song by Ronny and the Daytonas.
- Conde Nast Publications Inc. is shuttering the business magazine Portfolio and its Web site, Portfolio.com, and laying off more than 80 people.
- The U.S. Treasury Office of Thrift Supervision will close and 110 employees will be laid off.
- Clearwater Paper is laying off about 50 paperboard employees.
- Hanesbrands Inc. will lay off 500 employees in corporate management and distribution operations to reduce costs.
- Faced with declining revenues and a recession, Riverside County proposed 1000 jobs cuts or roughly 5% of the county workforce — including hundreds of public safety jobs.
- Lucia Mar makes more than 50 job cuts.
- Outdoors outfitter L.L. Bean has notified employees that it plans to lay off 200 to 240 members of its Maine-based work force because of lagging sales.
- The Chicago Tribune is cutting 53 jobs as part of a newsroom reorganization designed to help the newspaper weather the Economic Downturn.
Total losses = 22265
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