Media
Companies laying off employees week ending 27/03/2009.
It’s been another turbulent week around the world with many companies laying off people. Nothing like bad news to start off a fine weekend. 
Had a chuckle when I saw this poster recently. Apparently it was posted on a pole outside of Holburn Station. Sir Fred is really getting the rough end of the stick (and rightly so, the big crook).
- Google let go 200 of their workers in a surprise “Second Round Of Layoffs”.
- Nelson Pine Industries confirmed they were making 57 workers redundant. Based in New Zealand, NPI manufacturers laminated veneer lumber and medium density fiber board. They blamed new technology on the lay offs.
- The New York Times are laying off 100 people.
- Heidelberger Druckmaschinen AG who produce printing presses will be laying off 2500 workers in Germany this year it was announced on Thursday.
- The Canadian Broadcasting Corporation (CBC) are to make 800 staff redundant.
- Bank of America cut 150 employees from its Merrill Lynch Global Wealth Management.
- Old Second National Bank laid off 62 employees.
- Insurance firm Legal and General is set to make 650 redundancies
- Churchill Financial cut one-third of its employees.
- Freeport Financial laid off (19 unconfirmed) most of its 23 employees.
- Madison Capital laid off 7 employees.
- Dymas Capital laid off 10 employees.
- Edwards Angell Palmer & Dodge are laying off 60 employees.
Total losses = 4615
Here is a list by the New York Times. They are tracking job losses in the New York and surrounding areas.
Paper Cuts – covering layoffs and buyouts at U.S. newspapers.
Here is a clever website called Paper Cuts. Set up by Erica Smith, one can see a lot of work has gone into this website. Erica tracks job losses, layoffs, and buyouts in the Media or Newspaper industry. As you can see by her Google Map, a lot of jobs have been lost in this sector.
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 Charlotte Observer to cut 82 staff positions.
In addition to the 82 companywide layoffs – 60 full-time and 22 part-time employees – the Observer will reduce the hours of some employees. Sixteen full-time newsroom staffers and 11 part-time employees are part of the layoffs.
The moves come after the Observer’s parent company, Sacramento, Calif.-based McClatchy Co.,, said this month it would slash 1,600 jobs and reduce salaries to lower operating expenses.
Job losses = 82
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1000 jobs to be cut at DMGT (Daily Mail).
The Daily Mail and General Trust (DMGT) media group said today it would cut 1000 jobs this year, over twice as many as previously forecast.
The job reductions, the latest blow to the ailing media sector, will hit its regional arm, although further cuts are planned “across all cost categories” at Associated Newspapers, owner of the Daily Mail and Mail on Sunday.
Denver Post lays off 40 employee
The Denver Post’s business arm laid off 40 employees today as the first phase of a planned 200-worker reduction of its 1050-person staff over the next few weeks.
Gerald Grilly, DNA president/CEO, said in the Post’s statement.
These actions will help us shape a new business model that will allow us to adapt to new market realities.
Job losses = 40
Friday the 13th, unlucky for some!
The following companies shed jobs this week:
- The Automobile Association (AA) has confirmed that 25 jobs will go in its media division, based in Basingstoke.
- Independent News & Media plans to make 60 journalists redundant out of 90 job losses at the firm, and said it would impose compulsory redundancies if there weren’t enough volunteers . (You will volunteer else you are fired – Ha Ha!).
- 30 Jersey shop workers are expected to be made redundant following the collapse of two high-street chains. 19 workers will lose their jobs at Pound World when the Channel Island retailer closes its doors for the last time on Saturday, and 8 workers at fashion chain Principles could be facing redundancy after the retailer announced that it had become the latest victim of the Economic Downturn.
- STAFF were left reeling after National Lottery operator Camelot announced plans to axe 45 of its 75-strong workforce in Aintree.
- Penguins has made redundant 5 of its 17 staff as part of a restructure it says is designed to arm the agency against the recession.
- Manufacturing is to cease at NCR’s Dundee plant with the loss of 252 jobs.
- UK manufacturing group Senior unveils plans to make 500 staff redundant.
- Dell has laid off staff at different sites worldwide in an effort to cut costs and streamline operations. The company did not provide an exact number of job cuts. However a company spokesman said that jobs were cut globally, including sites in Texas and North Carolina.
MEN Media to axe 150 jobs.
MEN Media, the publisher of the Manchester Evening News (MEN) has said the editorial offices in Accrington, Ashton, Macclesfield, Oldham, Rochdale, Rossendale, Salford and Wilmslow will all be closing.
Falling revenues were cited as the reason for the losses. The 150 job losses includes 78 journalists across 23 newspaper titles.
Total losses = 150
Prudent housekeeping at ITV as 600 jobs to go.
Here is ITV’s Executive Chairman Michael Grade talking about the recession and the job losses that are to follow at ITV.
Listen to how many times he um’s or uh’s when he has to mention the bad news.
We will manage our way through this recession with minimal affect on our viewers uh’ um’, it’s prudent housekeeping… It’s just horrible, not what any of us come to work to do uh’, the fact is uh’, it’s made necessary by forces absolutely outside of our control.. uh’ and it’s absolutely horrible uh’ that the global recession means that we are going to have to lose valuable colleages. It’s just horrible.
Hardly sincere Mr Executive Chairman.
It comes after ITV reported pre-tax losses of £2.73 billion after it wrote down the value of assets on its balance sheet. This is 41% down on their 2007 forecast.
Pre-Tax Losses = badly run business Mr Executive Chairman, and now 600 people are paying the price for these losses.
Job losses = 600
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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.
Clear Channel Communications Inc. lay off 1500 today.
Quoted from Nashville Business Journal
Clear Channel Communications will cut about 1500 jobs, or 7 percent of its work force, in a move to save $400 million.
The job cuts would mostly affect the radio station chain’s advertising salespeople, according to the story, which cited unnamed sources. The company employs about 20,000 in total.
Job losses: 1500
Bad news for at least 18 companies or 21000 jobs.
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 Communications Inc. will lay off 1500 employees on Jan. 20, mostly in ad sales.
- ConocoPhillips, the second-largest U.S. refiner, announced after the markets closed that it plans to cut 4 percent of its workforce, or about 1350 jobs.
- Advanced Micro, the second-largest producer of personal- computer processors, said it will eliminate 1100 jobs by the end of the first quarter.
- Amonil said it will cut 45 percent of its staff, or 389 jobs, this year.
- Magneti Marelli will eliminate 800 jobs in Brazil, or 10 percent of its workforce there.
- General Electric Co.‘s finance arm may cut 7500 to 11000 jobs, or at least 10 percent of its workforce.
- De Beers, the world’s biggest diamond company, said it will cut jobs at its six mines in South Africa, totaling “less than” 1000 people.
- Interwoven Inc., the provider of data-management software, announced after trading hours that it would cut 70 jobs.
- Blue Cross Blue Shield of Michigan will cut up to 1000 jobs in 2009.
- Renold Plc, the maker of the chains that drive the clock in London’s Big Ben, announced 350 job reductions.
- WS Atkins Plc, the U.K.’s biggest engineering-design company, plans to eliminate 210 jobs at its Middle East operations.
- Scania AB, Sweden’s second-largest maker of heavy trucks, said it won’t renew contracts for 2000 temporary employees to adjust production because of weaker demand.
- Haynes International Inc., the manufacturer of alloys for use in aerospace and chemical processing, said it will eliminate 12 percent of its global workforce.
- Varian Inc., manufacturer of scientific instruments and vacuum technologies, will shed 240 jobs.
- Banco Santander SA, Spain’s biggest bank, eliminated 400 jobs in Brazil after buying ABN Amro Holding NV’s Banco Real unit in the country.
- Harry & David Holdings, a fruit and food retailer, said it would cut more than 100 positions.
Job losses: +-21000
Original article By Oshrat Carmiel, ocarmiel1@bloomberg.net
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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ITV Media to let go a thousand jobs.
Quoted from the Guardian.co.uk
ITV said that in total it expected to cut about 1,000 posts – almost a fifth of its 5,500 workforce – this year and in the first two months of 2009. The broadcaster said some of the job cuts had already been made.
Job losses: 1000
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