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	<title>Crunch Victims &#187; Engineering</title>
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	<description>Global credit crunch, recession, companies in administration, job cuts and losses - There will be many victims.</description>
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		<title>The Klaus Kneale Pink-Slip List (P-SL) for April 2009.</title>
		<link>http://www.crunchvictims.com/2009/04/30/the-klaus-kneale-pink-slip-list-p-sl-for-april-2009/</link>
		<comments>http://www.crunchvictims.com/2009/04/30/the-klaus-kneale-pink-slip-list-p-sl-for-april-2009/#comments</comments>
		<pubDate>Thu, 30 Apr 2009 19:19:15 +0000</pubDate>
		<dc:creator>Cruvic</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Engineering]]></category>
		<category><![CDATA[Health]]></category>
		<category><![CDATA[Heavy Machinary]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Medical]]></category>
		<category><![CDATA[Pharmaceutical]]></category>
		<category><![CDATA[Photography]]></category>
		<category><![CDATA[Pink-Slips List]]></category>
		<category><![CDATA[Solar Power]]></category>
		<category><![CDATA[Wind Energy]]></category>

		<guid isPermaLink="false">http://www.crunchvictims.com/?p=1744</guid>
		<description><![CDATA[The following Pink-Slip List (P-SL) was compiled by Klaus Kneale. Job Losses = 19247 April 28: On top of 1850 layoffs announced in January, Clear Channel slashes 590 jobs, bringing cuts to 12% of its original workforce total. April 27: Lockheed Martin dismisses 225 in New York; cites lost business for Presidential Helicopter Program. April [...]]]></description>
			<content:encoded><![CDATA[<p>The following Pink-Slip List (P-SL) was compiled by <strong>Klaus Kneale</strong>.</p>
<p><strong><span style="font-size: large;"><span style="color: #ff0000;">Job Losses = 19247</span></span></strong></p>
<p>April 28: On top of <span style="color: #ff0000;">1850</span> layoffs announced in January, <strong>Clear Channel</strong> slashes <span style="color: #ff0000;">590</span> jobs, bringing cuts to 12% of its original workforce total.<br />
April 27: <strong>Lockheed Martin</strong> dismisses <span style="color: #ff0000;">225</span> in New York; cites lost business for Presidential Helicopter Program.<br />
April 27: <strong>PPG</strong> Industries lays off <span style="color: #ff0000;">110</span> at fiberglass plant in North Carolina.<br />
April 27: <strong>CSX</strong> fires more than <span style="color: #ff0000;">150</span> at New York rail yard.<br />
April 27: <strong>General Motors</strong> increases originally planned cuts to its U.S. hourly workforce by <span style="color: #ff0000;">8000</span>.<br />
April 24: <strong>Carrier Corporation</strong> a subsidiary of United Technologies cuts <span style="color: #ff0000;">140</span> hourly workers.<br />
April 23: <strong>Embarq</strong> closes call center in North Carolina and dismisses<span style="color: #ff0000;"> 51</span> workers.<br />
April 22: <strong>Philip Morris International</strong> closes North Carolina cigarette plant and fires <span style="color: #ff0000;">1100</span> workers.<br />
April 22: <strong>T. Rowe Price Group</strong> reduces workforce by 5.5% (<span style="color: #ff0000;">288 </span>jobs), hitting all areas of the company except portfolio managers.<br />
April 22: <strong>Capital One Financial</strong> cuts <span style="color: #ff0000;">60</span> employees in its credit card division.<br />
April 20: <strong>Brown-Forman Corp.</strong> pink-slips <span style="color: #ff0000;">250</span> workers, or 6% of its global workforce.<br />
April 21: <strong>Yahoo! </strong>reports 78% drop in first-quarter profit and 5% cut in global workforce (roughly <span style="color: #ff0000;">675</span> employees).<br />
April 20: <strong>Nordstrom</strong> cuts <span style="color: #ff0000;">72</span> jobs in Iowa and Washington.<br />
April 18: <strong>Weyerhaeuser</strong> closes trucking division in Oregon and cuts <span style="color: #ff0000;">75</span> jobs.<br />
April 15: <strong>Emerson Electric</strong> subsidiary in Tennessee fires <span style="color: #ff0000;">200</span> workers at plant that makes industrial generators.<br />
April 14: <strong>Discover Financial Services</strong> blames credit losses for 4% workforce reduction (500 jobs).<br />
April 14: <strong>Deere &amp; Co.</strong> combines two units resulting in <span style="color: #ff0000;">200</span> pink-slips.<br />
April 13: <strong>General Electric</strong> fires <span style="color: #ff0000;">100</span> workers at plant in North Carolina on reduced demand for the plant&#8217;s products.<br />
April 9: <strong>General Electric&#8217;s</strong> health care arm fires <span style="color: #ff0000;">179</span> in Wisconsin.<br />
April 9: <strong>Johnson &amp; Johnson</strong> cuts <span style="color: #ff0000;">900</span> jobs in its U.S. pharmaceuticals division as competition in drugs pushes prices down.<br />
April 8: <strong>Eastman Chemical</strong> notifies <span style="color: #ff0000;">300</span> employees of layoff; <span style="color: #ff0000;">200</span> of the cuts are in Tennessee, where the company is based.<br />
April 8: <strong>Navistar International</strong> pink-slips <span style="color: #ff0000;">350</span> workers at plant in Ontario.<br />
April 8: <strong>Deere &amp; Co.</strong> fires <span style="color: #ff0000;">160</span> workers in Iowa factory in latest of ongoing cuts.<br />
April 6: Weakness in solar power forces <strong>General Electric</strong> to layoff <span style="color: #ff0000;">85</span> at solar-panel plant in Delaware.<br />
April 6: <strong>Procter &amp; Gamble</strong> dismisses <span style="color: #ff0000;">90</span> workers at Puerto Rico plant that makes skin care products and cold medicine.<br />
April 3: <strong>FedEx</strong> fires <span style="color: #ff0000;">1000</span> following a 75% drop in third-quarter earnings announced last month.<br />
April 3: <strong>Walt Disney Co.</strong> cuts <span style="color: #ff0000;">1900</span> jobs <span style="color: #ff0000;">1200</span> people and <span style="color: #ff0000;">700</span> empty positions at its U.S. theme parks.<br />
April 2: <strong>Rite Aid</strong> closes a distribution center in Georgia and lays off <span style="color: #ff0000;">297</span> workers.<br />
April 1: <strong>3M</strong> slashes global workforce by 1.5% (<span style="color: #ff0000;">1200</span> jobs) following a December cut of 2300 workers.</p>
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		<title>Bad news for at least 18 companies or 21000 jobs.</title>
		<link>http://www.crunchvictims.com/2009/01/16/bad-news-for-at-least-20-companies/</link>
		<comments>http://www.crunchvictims.com/2009/01/16/bad-news-for-at-least-20-companies/#comments</comments>
		<pubDate>Fri, 16 Jan 2009 23:25:27 +0000</pubDate>
		<dc:creator>Cruvic</dc:creator>
				<category><![CDATA[Bad news]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Engineering]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[IT Sector]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[Motor]]></category>
		<category><![CDATA[Radio]]></category>
		<category><![CDATA[Retail]]></category>

		<guid isPermaLink="false">http://www.crunchvictims.com/?p=342</guid>
		<description><![CDATA[Quoted from Bloomberg Not a great Friday after news  that roughly 21000 jobs would be lost for at least 20 companies. Hertz, the second-largest U.S. rental-car company, said it will cut more than 4000 jobs. WellPoint, the second-largest U.S. health insurer, will end 1500 jobs, which include 600 workers and 900 open positions. Clear Channel [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignnone size-medium wp-image-351" title="yvzvmr" src="http://www.crunchvictims.com/wp-content/uploads/2009/01/yvzvmr-300x200.jpg" alt="yvzvmr" width="300" height="200" /></p>
<p>Quoted from <a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aJA3rhYFkThw&amp;refer=worldwide" target="_blank">Bloomberg</a></p>
<p>Not a great Friday after news  that roughly 21000 jobs would be lost for at least 20 companies.</p>
<ul>
<li><span style="color: #ff0000;">Hertz</span>, the second-largest U.S. rental-car company, said it will cut more than <span style="color: #ff0000;">4000 jobs</span>.</li>
<li><span style="color: #ff0000;">WellPoint</span>, the second-largest U.S. health insurer, will end <span style="color: #ff0000;">1500 jobs</span>, which include 600 workers and 900 open positions.</li>
<li><span style="color: #ff0000;">Clear Channel Communications Inc.</span> will lay off <span style="color: #ff0000;">1500 employees</span> on Jan. 20, mostly in ad sales.</li>
<li><span style="color: #ff0000;">ConocoPhillips</span>, the second-largest U.S. refiner, announced after the markets closed that it plans to cut 4 percent of its workforce, or about <span style="color: #ff0000;">1350 jobs</span>.</li>
<li><span style="color: #ff0000;">Advanced Micro</span>, the second-largest producer of personal- computer processors, said it will eliminate <span style="color: #ff0000;">1100 jobs</span> by the end of the first quarter.</li>
<li><span style="color: #ff0000;">Amonil</span> said it will cut 45 percent of its staff, or <span style="color: #ff0000;">389 jobs</span>, this year.</li>
<li><span style="color: #ff0000;">Magneti Marelli</span> will eliminate <span style="color: #ff0000;">800 jobs</span> in Brazil, or 10 percent of its workforce there.</li>
<li><span style="color: #ff0000;">General Electric Co.</span>&#8216;s finance arm may cut <span style="color: #ff0000;">7500 to 11000 jobs</span>, or at least 10 percent of its workforce.</li>
<li><span style="color: #ff0000;">De Beers</span>, the world&#8217;s biggest diamond company, said it will cut jobs at its six mines in South Africa, totaling &#8220;less than&#8221; <span style="color: #ff0000;">1000 people</span>.</li>
<li><span style="color: #ff0000;">Interwoven Inc.</span>, the provider of data-management software, announced after trading hours that it would cut <span style="color: #ff0000;">70 jobs</span>.</li>
<li><span style="color: #ff0000;">Blue Cross Blue Shield</span> of Michigan will cut up to <span style="color: #ff0000;">1000 jobs</span> in 2009.</li>
<li><span style="color: #ff0000;">Renold Plc</span>, the maker of the chains that drive the clock in London&#8217;s Big Ben, announced <span style="color: #ff0000;">350 job</span> reductions.</li>
<li><span style="color: #ff0000;">WS Atkins Plc</span>, the U.K.&#8217;s biggest engineering-design company, plans to eliminate<span style="color: #ff0000;"> 210 jobs</span> at its Middle East operations.</li>
<li><span style="color: #ff0000;">Scania AB</span>, Sweden&#8217;s second-largest maker of heavy trucks, said it won&#8217;t renew contracts for <span style="color: #ff0000;">2000 temporary employees</span> to adjust production because of weaker demand.</li>
<li><span style="color: #ff0000;">Haynes International Inc.</span>, the manufacturer of alloys for use in aerospace and chemical processing, said it will eliminate <span style="color: #ff0000;">12 percent of its global workforce</span>.</li>
<li><span style="color: #ff0000;">Varian Inc.</span>, manufacturer of scientific instruments and vacuum technologies, will shed <span style="color: #ff0000;">240 jobs</span>.</li>
<li><span style="color: #ff0000;">Banco Santander SA</span>, Spain&#8217;s biggest bank, eliminated <span style="color: #ff0000;">400 jobs</span> in Brazil after buying ABN Amro Holding NV&#8217;s Banco Real unit in the country.</li>
<li><span style="color: #ff0000;">Harry &amp; David Holdings</span>, a fruit and food retailer, said it would cut more than <span style="color: #ff0000;">100 positions</span>.</li>
</ul>
<p><span style="color: #ff0000;">Job losses: +-21000</span></p>
<p><em>Original article By Oshrat Carmiel, </em><a onmouseover="return escape( popwSendEmail( this ))" href="mailto:ocarmiel1@bloomberg.net">ocarmiel1@bloomberg.net</a></p>
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