Retail
Peacocks to go into administration.
Source: BBC News
Past Times goes into administration.
Source: BBC News
Barratts cut 1610 jobs.
Source: BBC News
Confetti goes into administration.
Online wedding and celebrations supplies business Confetti has gone into administration. The Manchester-based firm, founded in 1999, has lost 48 of its 94 staff and closed its five high-street shops in Glasgow, Leeds, Birmingham, Reading and London.
Source: The Press Association
Total losses = 48
It is not “ho ho ho” for 33 Deane Apparel employees.
Thirty-three full and part-time jobs will be axed just before Christmas at the Deane Apparel clothing factory in Leeston, south of Christchurch. The closure on December 18 will bring the curtain down on the factory that has been owned by Deane Apparel since 1970.
Total losses = 33
O’ Neill boardwear stores go into administration.
Sandcity who own O’Neill have gone into administration with a potential loss of 90+ staff at the 11 stores around the country. Administrators KPMG have been brought in and they are going to try and find a buyer for the ailing company. Â Sandcity is actually owned by the clothing company Black Leisure.
Blacks decided there was “no reasonable prospect” of restoring loss-making Sandcity – the subsidiary which owns the stores – to profit.
Potential job loss = 90
Lingerie maker Intimas has brought in the administrators.
Lingerie maker Intimas has brought in the administrators after a long spell of poor trading in the Economic Downturn. The Derbyshire-based business has called in PricewaterhouseCoopers to sell the company as a going concern and protect its 200-odd employees’ positions. The administrators are to review the business and the sale options for Intimas and its main brands. Intimas reported £1.65m of losses in the first half of 2008, due to declining sales.
Intimas specialises in designing women’s lingerie and swimwear. It also manufactures brand goods for labels including Ted Baker, Lepel and Charnos, as well as collections for retailers on the high street. Intimas signed a three-year contract to make products for Caprice Lingerie, in 2006.
Stuart Maddison, joint administrator at PricewaterhouseCoopers, believes that the sale will attract plenty of interest.
Source: Hanna Lahabib at Business Sales Report
The Klaus Kneale Pink-Slip List (P-SL) for May 2009.
The following Pink-Slip List (P-SL) was compiled by Klaus Kneale.
Job Losses = 23704
May 30: Deere & Co lays off 89 in North Dakota and 16 in Louisiana as part of ongoing reductions.
May 29: Cintas projects worse than expected fourth quarter results and lays off 650 workers.
May 22: Monsanto lays off 55 in Mississippi as part of manufacturing facilities consolidation.
May 21: UPS’s airlines arm cuts 80 mechanics on slump in shipping volume.
May 19: Hewlett-Packard announces 17% decline in quarterly profit and reduces workforce by 2% (6400 workers).
May 19: Medtronic cuts executive pay by 5%, freezes salaries and slashes upwards of 1800 jobs.
May 18: American Express reduces global workforce by 6% (4000 jobs) adding to a 7000 employee cut announced last October.
May 15: Following review of operations announced in February, Nike cuts 1750 jobs (5% of total workforce).
May 15: Fruit of the Looma Berkshire Hathaway. A subsidiary pink-slips 80 in Alabama.
May 12: Applied Materials posts quarterly loss and increases previously announced job cuts by 300.
May 11: Dell slashes 260 jobs in North Carolina and blames the economy.
May 7: Cummins Indiana plant that supplies Chrysler and lays off 610 workers.
May 7: DuPont to December job cut of 2500 with another 2000 employee cut.
May 6: Wells Fargo freezes pension plans and fires 548 in North Carolina.
May 5: Microsoft pink-slips a second 5000 employees following its initial January layoff.
May 5: Allstate closes claims office in Florida and lays off 66 employees.
Crunch Victims weekly watchlist.
Below are a list of companies on the brink of announcing job cuts or lay offs. If this news becomes true, I will update the posts accordingly.
- Satyam Computers might layoff 10000.
- Filene’s might layoff 1500 workers.
- American Express will retrench a small number of people from its Singapore office as part of the group’s global retrenchment exercise.
- Retailer Clinton Cards has put its subsidiary chain of 223 Birthdays stores into administration, putting more than 2000 jobs at risk.
Total explected job losses = 13500
Bay Trading to sack 1230 employees.
Bay Trading confirmed today that 1230 employees would lose their jobs while 566 jobs would be saved after a company called the Rinku Group bought the remaining 130 shops. Last month Bay Trading went into administration and the 1800 staff members at 260 branches though it was all over.
Job losses = 1230
Related Web Sites:
Nike just did it – they sacked 1750 people.
Nike, Â the world’s largest maker of athletic shoes and apparel, will slash 5 percent of its 35,000-strong global workforce or 1750 jobs, in the largest headcount reduction in the company’s history.
Total losses = 1750
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
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
Original Shoe Company give the boot to 17 employees.
17 jobs have been lost with the closure of the Belfast branch of a footwear store.
OSC, the Original Shoe Company, is closing 10 stores across the UK. The stores are owned by JJB Sports.
JPS Footwear to close after 25 years.
The recession and the high costs of business rates are being blamed by the owner of a long-running Burnham-On-Sea shoe store which announced its closure on Friday afternoon. JPS Footwear is one of the South West’s biggest discount shoe stores, but will close it’s doors on June the 6th 2009.
Director Geoff Shickle said:
These are difficult times for all businesses, the retail world in particular. We have run a very successful business for a quarter of a century, and closure would not have been considered if escalating costs, beyond our control, were likely to be capped.
Job losses = 6
