Furniture
Furniture firms Thomasville and Furniture Brands sack 250 people.
150 people lost their jobs at the Thomasville Furniture Industries plant.
Parent company Furniture Brands International also said approximately 100 positions were being cut at Drexel Heritage plants in Morganton and Mount Airy and at Lane plants in Mississippi. Furniture Brands would not break down those layoffs by individual company or plant.
Total losses = 250
Thursday sees some big company names cut jobs.
Estee Lauder Cos., the maker of Clinique and Bobbi Brown cosmetics, will cut 2000 jobs as declines in makeup and perfume sales reduced second-quarter profit.
The job cuts, which represent 6 percent of the workforce, will occur over the next two years.
Starbucks, the company that spread around the world and infected our towns and villages is not immune to the job lay offs it seems. The head office in Seattle handed out roughly 40 pink slips to human resources and security workers. A further 60 people are to go around the countryside. They are the first layoff notices since the coffee company announced plans last week to close 300 stores and eliminate 6700 positions, including 350 at headquarters. The rest of the Seattle layoffs are expected in the next couple weeks.
A kitchen cabinets manufacturer called MasterBrand has laid off about a third of its workers at a plant in Grants Pass, thats 135 people – another victim of the burst housing bubble.
In Ohio, local chemical company Lubrizol Corp. plans to let go of 170 workers in an effort to save money. Lubrizol will cut 50 jobs at its Wickliffe headquarters, 40 jobs in Brecksville and 4 in Avon.
The Wall Street Journal, one of the last major U.S. daily newspapers to avoid deep cuts to its news gathering operations amid a historic industry downturn, is trimming about two dozen (24) newsroom jobs.
Bombardier Inc., the world’s third largest maker of commercial aircraft, plans to cut 1360 jobs at its aerospace unit, or 4.5 percent of the division’s workforce, as business jet deliveries are projected to drop this year. The company will slow production of its Learjet and Challenger planes amid “greater than usual” deferrals and cancellations for its business planes.
Land of Leather not ‘lol’ anymore.
Land of Leather, which employs 850 people has called in administrators after attempts to sell the firm and raise extra money failed. They have appointed Lee Manning and Nick Edwards of Deloitte as joint administrators.
Shares in Land of Leather closed last week Friday at 2.75 pence, valuing the business at less than 1 million pounds. One wonders how a business like this can end up bust?
Estimated job losses: 850
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The Pier goes into administration.
Quoted from the Evening News (Edinburgh Paper)
Around 400 jobs are at risk after homewares retail chain The Pier today became the latest victim of the economic turmoil.
The group, which has 31 stores and 17 concessions across the UK – including a store in Edinburgh’s George Street – has been placed into administration.
Job losses: 400
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MFI goes into administration.
Quoted from Timesonline
MFI, the UK’s biggest furniture retailer, collapsed into administration tonight for the second time in two months — putting more than 1,000 jobs at risk.
The administrators, MCR, will now attempt to sell the business as a going concern but, in the meantime, ‘closing down’ sales will be launched in all 111 of MFI’s remaining stores. It is thought unlikely that any buyer will come forward.
And some 26 stores will close immediately at the request of Galiform — the joinery company which previously owned MFI’s stores — with the immediate loss of around 260 jobs.
Job losses: 1000
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Rosebys enters administration.
Quoted from the Daily Mail
Rosebys, the UK’s largest specialist home furnishings group with 280 stores nationwide employing 2000 staff, is in the hands of rescue accountants from KPMG today as sales at the £100million turnover chain dried up.
‘In common with many retailers the group has experienced difficult trading conditions, leading to continuing losses,’ said administrator Howard Jones. ‘Rosebys has recently sought to refinance but this did not prove possible in the current economic climate.’
Job losses: 2000
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