Law
Fifty thousand job losses in two weeks.
It has been a grim two weeks around the world with plenty of big name companies letting go employees. Below are just a summary of the ones that caught the news.
Russia’s AvtoVAZ plan to layoff 27000 employees to improve performance at a factory that has been clobbered by the sharp drop in demand for cars.
OCI Chemical Corp layoffs 38 employees
Ashland Inc plans to cut 1800 jobs
True Textile layoffs 84 workers
Verizon Communications cuts 8000 jobs
Power-One cuts 300 jobs
GE Consumer & Industrial to close Kentucky plant 125 jobs lost
ATK Space Systems to cut 450 jobs in October
Contec Holdings layoffs 132 workers
Amgen layoffs 100 employees
Hartford Financial Services cuts 270 jobs
Portola Tech International layoffs 130 employees
IMS Health plans to cut 850 jobs
Air Products and Chemicals to cut 1150 jobs
Minerals Technologies plans to cut 200 jobs
Stanley Works cuts 200 jobs worldwide
Flash Networks layoffs 40 cuts salary for others
Bell Helicopter layoffs 150 workers in Canada
Branson Ultrasonics to close Honeoye Falls plant 46 jobs lost
GE Oil and Gas layoffs 93 employees
Law firm Dechert cuts 25 jobs
American Coal Company layoffs 37 workers
Siemens plans to cut 1400 jobs in Europe
Avon to cut 1200 jobs
Pratt & Whitney to cut 1000 jobs in Connecticut
Yahoo to cut 675 jobs
Alliance Resource Partners layoffs 72 employees
Assurant Employee Benefits plans to cut 91 jobs
Hardinge layoffs 50 workers
Intel plans to layoff 294 employees in Ireland
US Airways plans to cut 34 jobs at General Mitchell International Airport
Belden to close Mass. plant lay off 170
Erica Lyons to lay off 75 close Miami facility
Continental Airlines cuts 1700 jobs
Gemini Manufacturing Corp to layoff 81 workers
Carlisle Tire & Wheel to close North College Street plant 340 jobs at stake
Cygnus Business Media cuts 50 jobs
Buckeye Partners layoffs 260 employees
Microdyne to close Groveport center layoffs 78
Arizona Attorney General’s Office cuts 29 jobs
Kimberly-Clark cuts 750 jobs
D.C.’s Department of Mental Health layoffs 120 employees
Harley-Davidson Financial Services cuts 100 jobs
Source: Layoff Tracker
Total losses = 50392
Law Firms Layoff List – June 2009.
USCV: Law firms that have let go staff in the Month of June are listed below (this list will be updated as more companies become known):
* Barlows Clyde & Gilbert (49 staff)
* Bass Berry (10 attorneys, 22 staff)
* Clifford Chance (10 attorneys)
* Cravath (25 attorneys)
* Dorsey & Whitney (55 staff)
* Dykema (17 attorneys, 30 staff)
* Honigman Miller (11 attorneys)
* McDermott Will & Emery (25 attorneys, 47 staff)
* Miller Canfield Paddock and Stone (13 attorneys)
* Paul Hasting (25 staff)
* Simpson Thacher (10-20 staff)
Total losses = 150 attorneys, 248 Staff
Source: Inhouse Insider
1 week 55 companies lay off 20000+ people.
Girtz Industries to layoff 60 in Indiana.
Boston Redevelopment Authority to cut 30 job.
Watson Pharmaceuticals cuts 275 jobs.
Vacumet Corp layoffs 39 employees.
Volunteer Fabricators cuts 145 jobs.
Lockheed Martin to cut 535 jobs in San Jose.
CUNA Mutual Group cuts 52 jobs.
Guardian Life Insurance layoffs 39.
Premier Elkhorn Coal Company cuts 100 jobs.
United Methodists eliminates 50 minutes.
Transcontinental layoffs 250 workers.
General Motors cuts 38 Missouri dealers, 66 Illinois, 887 workers in Wentzville.
Symmetricom layoffs 30.
Frontier Financial Corp cuts 45 jobs.
Cessna to cut 1300 more jobs.
American Airlines cuts 1600 jobs.
UTStarcom cuts 2300 jobs worldwide.
Carlson Craft layoffs 114.
Shaw Group to cut 168 jobs by August.
Zimmer Holdings layoffs 100 in Warsaw.
H&H Foodservice Inc cuts 90 jobs.
Reynolds Packaging layoffs 158 employees.
Indevus Pharmaceuticals cuts 60 jobs.
Heifer International plans to layoff 20% of workforce.
Design Craftsmen layoffs entire workforce.
Cadence Design Systems cuts 225 jobs.
Meridian Automotive Systems cuts 200 jobs in India.
Ixia layoffs 10% of workforce.
Metalcraft closes Mayville facility, 121 jobs lost.
Quantum Engineering layoffs 88.
Crystal Dynamics cuts 25 jobs.
Keystone Findings closes Telford operations, 46 jobs.
Bass Berry & Sims layoffs 32 employees.
Ford Motors layoffs 350 workers at Louisville Plan.
Baxter Healthcare layoffs 65.
Advanced Steel layoffs 91 employees.
MeadWestvaco cuts 65 jobs in Wisconsin.
Lloyds Bank cuts 1660 jobs.
Ericsson layoffs 167 workers.
Capital Group layoffs 94 in San Antonio.
McAvoy Group layoffs 35, as the companies struggles with a slump in orders.
LM Glasfiber layoffs 80 workers.
Orgill Inc cuts 176 jobs.
Electrolux cuts 150 jobs.
Dassault Falcon layoffs 111 employees.
Suzlon might layoff 90 employees.
Lehigh Phoenix layoffs 54 employees. Lehigh Phoenix is the principal provider of cover components, overhead transparencies and juvenile book production for the publishing industry in the United States.
Intuit cuts 4% of workforce.
Georgia Gulf Corp cuts 100 jobs.
Newport Television cuts around 120 jobs.
Columbia Falls Aluminum closes plant, 90 jobs lost.
Nortech Systems layoffs 57 in Iowa. Nortech makes electronics equipment such as printed circuit-board assemblies, for three primary markets: aerospace/defense, medical and industrial.
One Communications Corp layoffs 60 in Rochester.
American Express to cut 4000 jobs this year. The credit card and travel services company, plans to eliminate 4000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.
Total losses = +- 20000
Crunch victims for first week of June 2009.
Here is a sample of job losses, layoffs, and people being fired for various reasons during the first week of June 2009. Not a good sight to see.
Machester Tank closes plant, 66 jobs lost
Fort Wayne Foundry Corp cuts 461 jobs
Harsco Corp cuts 90 jobs
Nearly 100 Turner Industries contract maintenance workers were laid off from the Georgia Gulf plant in Plaquemine
Lockheed Martin layoffs 100 employees
10000 jobs under threat at Royal Dutch Shell
Multiserv layoffs 90 employees
Volvo USA cuts 135 jobs
Southco Inc. laid off 200 employees throughout its global network Wednesday, including 69 at its Delaware County headquarters. The general economic conditions were the cause of these reductions.
Penske Logistis layoffs 53 truck drivers
Nestor Traffic Systems goes into receivership, more than 100 jobs at stake
ABB cuts 25 jobs at Jefferson City plant
Trane Inc will layoff 320 at Pueblo plant by August
Barlow Lyde & Gilbert layoffs 49 in England
McDermott layoffs 25 lawyers and 47 staff
Satyam may layoff only 5000
Philips Products closes Stayton plant, 125 jobs lost
Call centre operator MCCI layoffs 450
University of Colorado cuts 75 jobs
Paragon Industries cuts 105 jobs
Tree of Life layoffs 39 jobs
Hardigg Industries cuts 50 jobs
AGCo cuts 60 jobs
Rheem Manufacturing cuts 470 employees
Aegon USA a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisville offices at Aegon Tower.
Emerson lays off 176 in Minnesota
Capital Group cuts 820 jobs
Principal Financial Group cuts 220 jobs
Ken-American Resources layoffs 75 employees
Fidelity Investments layoffs 45 in Merrimack
Dorsey & Whitney cuts 55 jobs
Harris Corp layoffs 100 mechanical engineers
Waukesha Engine cuts 113 jobs. The layoffs, plus the 84 layoffs and 17 early retirements in February, account for 40 percent of the plant’s union members. The company blames the Economic Downturn has affected their product so they are trying to align their work force.
Wausau Paper closes Appleton facility, 100 jobs lost
John Deere layoffs 494 workers at Iowa plant
Nanogen layoffs 89 employees
Suzuki & Mitsubishi car delarships to close in Hernando County, 80 jobs lost
Autodesk Inc to cut 430 jobs in latest round of layoffs
Metlife layoffs around 250
Greenwich Hospital layoffs 77 employees
Plenty of crunch victims as May comes to an end.
The following list was sourced from Layoff Tracker. Just some of the companies laying off people in the past two days.
- AG cuts 16% of work force.
- Arctic Cat layoffs 60.
- Young Touchstone layoffs 140.
- HP to layoff 850 in Scotland.
- Gevity layoffs 50 including CEO CFO & CIO.
- Allstate Insurance cuts 55 jobs.
- Cookson Group cuts 21% of workforce.
- Sovereign Bank layoffs 81 in Rocky Hill.
- Catalyst Paper layoffs 100.
- Harris Bankcorp layoffs 60 managers.
- Saint Joseph Mercy Health System plans to cut 350 jobs.
- Gulfstream Aerospace cuts 25% of work force.
- Rosemount Inc layoffs 80.
- Metabasis cuts 35 jobs in Michigan.
- Metlife has laid off 1000 till now.
- Usiminas cuts 1300 jobs.
- Herbert Smith layoffs 84 in London.
- ABB cuts 540 jobs in France.
- Siemens cuts 1000 jobs.
Layoff Tracker – Thursday Crunch Victims.
It’s been a busy old day in the world of job loss.
- Hunton & Williams has announced that 23 associates and counsel and 64 staff members have been laid off. The cuts, announced in a firmwide e-mail distributed Thursday morning, are spread across practice areas and offices. They affect two percent of the Richmond-based firm’s 1000 lawyers and six percent of its staff. Today’s cuts are Hunton’s first round of layoffs since the start of the downturn.
- Faced with huge losses, rising debts, India’s second largest air carrier by market share, Jet Airways has axed its 120 foreign airhostesses from its 3000 cabin crew in a bid to save on costs. This new round of axing cabin crew, comes close on the heels of Jet Airways terminating contracts of about 60 cabin crew, who were on probation, and another 50 employees who have superannuated, early this month as the airline moved to cut cost and stay trim. See Related Link: India’s domestic airlines to cut 2500 jobs.
- In yet another sign of the troubled economic times, a well-known intellectual property boutique Fish & Richardson is laying off 35 lawyers and 85 support staff.
- MeadWestvaco Corp. is closing its beverage packaging plant in Wilmington, putting 105 people out of work, the Virginia-based company announced.
- Polish media group Agora AGOD.WA is increasing staff cuts to 400 after falling circulation and dwindling advertising revenues.
- German auto parts manufaturer Schaeffler Group KG announced that it could axe up to 4500 jobs in Germany as part of restructuing efforts to save 250 million euros (US$340 million) as the global economic crisis cuts deeply into auto sales.
- Toledo-based Dana Holding Corp. has laid off 115 of the 280 employees working at its Fort Wayne axle plant, were in response to Chrysler LLP’s shutdown of plants that make Jeep Cherokees and Wranglers.
- ArcelorMittal officials have announced plans to layoff nearly 1000 workers at the steelmaker’s Indiana Harbor plant. The sagging economy, particularly the deep slump in auto manufacturing, has caused steep declines in demand for steel — less than a year after domestic steelmakers had recorded some of their highest revenues in history.
- After earlier layoff announcements concerning attorneys in its United States, Asia and Dubai offices, DLA Piper is now officially wielding the ax in the United Kingdom with 24 “fee-earners” and 100 support staff going.
- Freescale Semiconductor, Texas-based computer chipmaker, has decided to retrench around 250 professionals at its Bangalore centre, as the company seeks to lower its operational costs by shutting down several manufacturing units across the globe and trim its payroll.
- Seagate Technology said that it plans to cut about 1100 jobs from its workforce in a move the computer storage maker expects will reduce costs by about $125 million a year.
Total losses = 8131
Source: Layoff Tracker
100 Michigan State Police troopers to be laid off.
Michigan State Police will lay off 100 troopers due to the recently announced budget cuts. State police trooper levels are now at their lowest since the 1970s.
Total losses = 100
Fenwick & West lays off 15 lawyers.
The Mountain View-based tech firm said the 15 attorney cuts were necessary because the 17-month recession continues to damage its business. The layoffs, which affected associates, came in the firm’s corporate, intellectual property and litigation practices. The firm also laid off seven staff members. (Source: Business Times)
Job losses = 15
Thompson & Knight Lays Off 42.
Due to the dismal economy, Thompson & Knight laid off 17 associates and 25 support staff yesterday. The cuts were made in multiple offices of the Dallas-based law firm and focused on real estate and other corporate practice groups impacted by the sudden shortage of bank lending. (Source: Corner Attorney)
Total losses = 42
Law Firms Layoff List – April 2009
WCV: Here is a smaller list for the month of April. Below are the confirmed layoffs for April. Obviously there are a lot more firms getting rid of staff, but unless I can confirm numbers, only the companies that have published will be displayed. (This is a work in progress post).
Perkins Coie Cuts 12 Associates, 26 Staffers, April 14, 2009
Baker & McKenzie Eliminates 124 Legal and Non-Legal, April 7, 2009
Hogan & Hartson let go 93 Staffers, April 2, 2009
Mayer Brown Cuts 135 Lawyers, Staff Across US, April 2, 2009
More Monday blues for hundreds of credit crunch victims.
- Park Nicollet Health Services annouced today they were laying off 233 workers and would not be filling another 69 open positions. The reductions which take effect from Friday, represent 1.8 percent of St. Louis Park-based Park Nicollet’s work force. A decline in services has seen investment suffer, although most believe the recession is to blame.
- Georgia-Pacific say they will lay off 39 hourly employees by mid-May.
- General Motors Corp. started firing 1600 white-collar workers Monday in order to qualify for more government loans (doesn’t make sense now does it?). GM has said it will eliminate 47000 jobs worldwide by the end of 2009, but the cuts may go even deeper as the company moves toward its deadline.
- Renewable Environmental Solutions, last month filed for Chapter 11 in bankruptcy court in New York and today laid off about 50 employees at the plant. Read the story.#
- Legg Mason laid off 40 admin and support workers, including 5 at its Baltimore HQ.
- Herbert Smith is to cut up to 84 members of staff from it London office and is also reversing all associate pay bands.
- The DSM chemical plant is cutting 80 people to cut costs, effective at the end of June.
- The Quincy school district announced its second and final round of cuts. 15 employees were honorably dismissed who worked as educational support personal. That includes library staff, computer staff and paraprofessional personal.
- Tele Atlas, a New Hampshire-based company that makes digital maps is laying off 120 employees at its Lebanon headquarters and 140 jobs in North America.
- It has been reported in The Herald Journal that 27 lecturers and research lab workers who have lost their jobs at USU in the latest round of cuts.
- Sun-Times Media Group Inc. has cut about 140 jobs companywide as it tries to trim costs during its bankruptcy reorganization. The cuts, which affected both managers and non-managers, amounted to about 10% of the company’s non-union staff.
- Robert Bosch Corp. announced Monday that 225 workers from its North Charleston plant would be laid off.
Total losses = 2798
Law Firms Layoff List – March 2009.
WCV: The law firms of the world seem to be taking heavy hits just like the rest of the world sectors, so I have decided to track them on a monthly basis. Below are the confirmed layoffs for March. Obviously there are a lot more firms getting rid of staff, but unless I can confirm numbers, only the companies that have published will be displayed. (This is a work in progress post).
DLA Piper Lays Off 20 Lawyers, 34 Staffers in Asia, March 3, 2009
Orrick Lays Off 100 Associates, 200 Staff, March 3, 2009
Dewey, Shearman Lay Off About 160 Support Staff, March 4, 2009
O’Melveny & Myers to Lay Off 90 Lawyers and 110 Staffers, March 4, 2009
Bingham McCutchen Cuts 39 Overall, March 5, 2009
Arent Fox Lays Off 13 Associates, March 5, 2009
Pillsbury Lays Off 55 Lawyers, March 5, 2009
King & Spalding Lays Off 122 Firmwide, Including 37 Lawyers, March 9, 2009
Nationwide Layoff Watch: Morgan Lewis Lays off 216, March 9, 2009
Venable to Cut 16 Lawyers, 48 Staff, March 10, 2009
Proskauer Rose Lays Off 23 Attorneys, March 12, 2009
Baker & McKenzie to Cut up to 85 Jobs From London Office, March 13, 2009
Mayer Brown to Cut 55 Jobs and Freeze Salaries in London, March 20, 2009
Thelen Lays Off 26 Associates, 85 Staffers, March 20, 2008
Dechert Cuts 125 Positions Worldwide, March 26, 2009
24 Out at Clifford Chance, March 27, 2009
Fried, Frank Lays Off 41 Associates, 58 Staffers, March 30, 2009
Total losses =1727 (confirmed losses)
Other companies laying off people.
- Bloomers lays off 127 workers. Bloomers makes components for diesel engines.
- Barneys New York is eliminating 76 positions. From sales people to corporate executives, the cuts are wide-ranging. The retailer said the cuts were effective Monday.
- In Houston, that city’s only daily, the Chronicle has announced it has begun laying off about 12 percent of its work force. At present there is no exact number on how many will go.
- Hunton & Williams is on the verge of big layoffs, says Above the Law. It seems the firm has been quietly laying off partners in the last two months, recently froze associate salaries, and offered an early retirement program of unknown scope to staff.
- General Motors Corp. starts laying off white-collar workers as part of its restructuring plan, with 160 people losing jobs at its technical center in Warren, Mich.
- Los Angeles Times photographer Lori Shepler, photo editor Tracy Silveria and video journalist John Vande Wege have been laid off. The paper is owned by the Tribune company, which is in bankruptcy. You can find the letters from some of the above people telling the world they have been laid off.
- New York Gov. David Paterson has ordered that more than 4 percent or 8900 of state government workers be laid off. The total workforce is over 200000.
- Dell’s Limerick closure to cause 9500 job losses.
- The rate at which architects are joining the dole has accelerated to a year-on-year increase of 760%, it has emerged.
- The Newseum, the news museum in Washington DC was forced to make 13 job cuts last week as a result of funding cuts.
- Transport For London said 1000 posts will go at London Underground, including some lost after maintenance work was brought back in-house following the collapse of Metronet, and another several hundred at Transport for London.
- Removals company Pickfords could go through a pre-pack administration putting more than 1000 jobs at risk, despite only being rescued 12 months ago.
- A Newcastle law firm Watson Burton says it is looking at cutting about 75 staff.
- Kaleidoscope Travel Group has been forced to lay off 60 staff at Travelsphere and Page & Moy after weakening demand for escorted tours.
Total losses = 20898
The last week of January.
- Cookson, British-based industrial materials company cuts 1250 jobs. Cookson, supplies products used in the steel and ceramics industries, said its key markets had fallen by a quarter over the last two months.
- Electrocomponents, which trades as RS Components and is based in Corby, Northamptonshire, blamed the downturn for 430 job cuts.
- Solicitors Linklaters said the firm was cutting its UK staff by 100-120 lawyers and up to 150 business services staff.
- London Underground plans to cut 1000 jobs this year in non-operational areas such as finance and administration but said no tube drivers or other frontline staff would be affected.
- E.ON, one of Britain’s big six energy suppliers, became the latest utility to announce job cuts. The company said it was reducing its workforce by 450 people.
- Southern Water, said that to avoid job losses it was looking at a pay freeze for its 1600 staff.
- AOL (America Online) announce 700 job cuts or 10% of their work force.
Sharks (Lawyers) are not safe either.
Quoted from The Lawyer.com
In-house lawyers at the major investment banks in London are bracing themselves for a fresh round of redundancies after seeing 10 per cent of legal staff at some banks losing their jobs over the past three months.
More than 50 lawyers have been axed following a series of cuts by Citi, Credit Suisse, Goldman Sachs, JPMorgan, Morgan Stanley and Nomura during the last quarter.
But sources say there are likely to be more redundancies early in 2009 as banks continue to downsize and close departments in areas hit by the credit crunch.
Job Losses: 130
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