We’ve had a very difficult time over the last 4 years – the credit crunch has been very hard on us.
There are 288 jobs on the line if the company goes into administration.
Source: Sky news
Source: Mary Vancura, Business-Sale.com
A struggling car parts factory is set to close at a cost of 900 jobs. dealing a further blow to British manufacturing, the decline of which has been accelerated by the recession.
Many thousands of jobs have been lost in the sector, concentrated on traditional industrial areas in Wales, northern England and the Midlands.
Bosch said the decision followed a 45 per cent fall in demand for alternators for luxury vehicles. Remaining production will be transferred to a sister plant in Hungary next year.
An official for the German manufacturing business said the decision to close the Miskin plant near Cardiff was a symptom of the group’s wider difficulties. The company expects to announce its first annual loss in 60 years in April.
Total losses = 900
The news is varied, but it seems that over 1800 jobs are at risk at Vauxhall UK. This follows the news that the new owners Magna are letting go over 11000 jobs worldwides. The cuts will take place at Luton and Ellesmere Port. Further jobs are likely at other sites.
Total losses = 1800
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For those who visit regularly you may have noticed that we are not updating or creating posts everyday. This is mainly because there do not seem to be as many companies laying off people such as they were 6 months ago.
Source: Layoff Tracker
Whyte & Mackay cuts 85 jobs
State of Pennsylvania layoffs 250 employees
Engineering firm CHA layoffs 57 employees cuts salary
German utility company E.ON plans to cut 2000 jobs
Artex Aircraft Supply layoffs 113 workers
RM International layoffs 109 workers
Crow Tribe layoffs 200 employees
Ulster Bank cuts 250 jobs
Ballard Power cuts 85 jobs
Terex Corporation cuts 170 jobs
Trinity Marine Products layoffs 235 employees
Korea’s Ssangyong Motor finalizes 2600 layoffs
VSP cuts 43 jobs
Miami Herald Media Company cuts 34 jobs
Total losses = 6231
The following Pink-Slip List (P-SL) was compiled by Klaus Kneale.
Job Losses = 15840
July 29: UAL Corp. lets go of 50 in Missouri.
July 29: General Electric fires another 190 in Indiana.
July 29: Intuit dismisses 120 nationwide.
July 27: General Electric dismisses 93 employees from an oil and gas facility in Wisconsin.
July 27: Verizon Communications fires 8000 workers from its wireless business.
July 23: Air Products and Chemicals fired 1150 workers.
July 21: Continental Airlines lets go of 1700 employees.
July 17: Boeing lays off 130 workers in Alabama.
July 16: Harley-Davidson fires 1000 workers from its operations in the states of Wisconsin, Illinois, and Missouri.
July 16: Cisco Systems lets go of 700 workers from its headquarters in San Jose, CA.
July 14: Norfolk Southern lays off 84 workers from one of its Alabama rail yards.
July 13: Navistar International dismisses 275 workers, most of them from Mississippi.
July 8: AGCO Corp. lays of 154 workers in Kansas.
July 6: The 3M Company lets go of 200 workers in Massachusetts.
July 1: The Dow Chemical Company cuts 2500 jobs. The layoffs are a result of the company closing three Louisiana plants.
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
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
Source: Layoff Tracker
Total losses = 50392
UKCV: Jaguar Land Rover is to make 300 job cuts at its Halewood Plant on Merseyside, and further production shutdowns are possible. In a statement today the company said:
Jaguar is to cease production of its X-Type vehicle at the Halewood Plant on Merseyside at year end, with the loss of up to 300 further jobs by voluntary means. We also expect the need to take a further three weeks or more of shutdown of the Halewood plant over the balance of this year, starting in September, because of ongoing weakness in the market.
Total losses = 300
Source: PM Online
Navistar International Corp., the largest maker of blast-proof trucks for the U.S. military, will lay off 275 workers at a Mississippi plant because of declining production of the vehicles.
Navistar lost out on a $1.06 billion contract with the U.S. Defense Department last month to build all-terrain trucks that would protect troops in Afghanistan from roadside bombs, to Oshkosh Corp., which received that order.
Total losses = 275
General Motors has finally filed for Chapter 11 bankruptcy after weeks of speculation, bidding wars etc.
The restructuring is suspected to change GM in a big way, with over 20000 US workers likely to lose their jobs as GM streamlines its operations. GM currently has 173000 employees across the US, Canada and Mexico.
US Chapter 11 bankruptcy protection gives an American company time to restructure its finances while being protected from its creditors.
US Taxpayers will end up with a 60% stake in GM, with the union, its creditors and federal and provincial governments in Canada owning the remainder of the company.
Video from WPRI.com
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
Fiat SpA (F.MI) supplier Oerlikon-Graziano plans to lay off half of its staff working in eight Italian plants due to the sharp auto sector downturn. Oerlikon-Graziono announced plans to lay off 1370.
Total losses = 1370
Guardian Industries Corp. plans about 130 layoffs at its car window plant in Ligonier. Guardian said it did not know how long its layoffs would last because of the uncertainty surrounding Chrysler’s bankruptcy filing and General Motors Corp.’s factory shutdowns.
Total losses = 130