Source: BBC News

Source: BBC News

Source: BBC News

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

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

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.   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 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

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.

• 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 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:

• Rinku Group buys Bay Trading
• Rinku Group