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Armstrong World Industries to cut 163 jobs.
US-owned Armstrong World Industries said it had started a 90-day consultation with 163 staff at its factory in Stockton. The factory makes a range of products, including the Rhinofloor brand. The company said it had suffered a fall in demand in recent years and had long-term plans to move out of the European residential flooring market.
The withdrawal from the European residential business is considered to be necessary for Armstrong to focus on the commercial flooring business and those markets where we have leading positions in order to build a sustainable and profitable business.
Source: BBC News
Total Loss = 163
Big layoffs at AM General, GE Capital, Ethan Allen interiors.
- AM General plans to cut 250 jobs by 2010.
- Winston-Salem State University cut 46 job.
- GE Capital layoffs 127 employees at Bedford.
- Hovensa oil refinery layoffs 270 contract workers.
- Quality Industries layoffs 111 employees.
- National Archive Publishing Co layoffs 120.
- Ethan Allen Interiors cuts 320 jobs.
Total losses = 1244
Freemans and Grattan’s to cut thousands of jobs.
Yet another company that has been making a loss and now paying the price for it. At least 3800 jobs are to go. We wonder if managemant and the CEO will do the honourable thing and resign as well for business management.
Job losses: 3800
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