Magazines
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
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
No more bunnies for Hugh Hefner as the crunch bites.
Tycoon Hugh Hefner has been advised to cut back on staff at his multi-million dollar glamour empire as it struggles to cope during the global credit cruch. The 83-year-old has been told to lay off some of his staff at his Los Angeles and New York offices as soon as this month or go bankrupt. The news come in line with allegations that two of Hefners top bunnies Holly Madison and Kendra Wilson have been cheating on him. While Holly was snapped getting cosy with magician Criss Angel, Kendra, is reportedly dating football star Hank Baskett.
Total losses: how many playmates are there?
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