Airlines
BMI announces 600 job losses due to worst recession ever.
British Midlands (BMI) has announced plans to lay off 600 employees and axe five routes as part of a restructuring effort aimed at returning the company to profit. Most of the job losses at the British airline – now fully owned by German flag carrier Lufthansa – will affect cabin crew and other front-line “operational” staff. BMI will also cease to operate outbound services to Tel Aviv, Brussels, Kiev and Aleppo as of next January, with flights to Amsterdam being axed in March. The loss of its Tel Aviv service, which was only launched two years ago, will come as a particularly heavy blow to Heathrow’s second largest carrier.
Announcing the loss of 600 jobs from a workforce of just 4,400, the airline said;
The move takes place against a background where the airline industry is facing the challenges of a downturn in demand and the worst recession in the UK since records began.
Total losses = 600
Source: Cheapflights.co.uk
1700 BA cabin crew members pushed out without parachutes.
BA posted record losses of £401m last year, and £148m for the first quarter this year. Its chief executive Willie Walsh says the airline, hit by the slump in business class travel, is in a “fight for survival”. The airline said it was making 1000 full-time cabin crew staff at Heathrow redundant, and had agreed to reduce the hours of 3000 more workers, equivalent to cutting 1700 full-time positions in total.
BA said in a statement today,
British Airways is currently not profitable and we expect to record a significant loss for the second consecutive year – the first time that has happened in our history. Revenues are down, so we must reduce costs to restore profitability. Without changes, we will lose more money with every month that passes. It is essential that we make ourselves more efficient if we are to ensure our long-term survival.
Total losses = 1700
Source: Guardian.co.uk
Source: BBC News
Wikipedia: British Airways
Japan Airline to cut 6800 jobs.
After losing more than 1 billion dollars in the April – June quarter, Japan Airlines will slash 6800 jobs and pursue a tie-up with a foreign carrier in a bid to return to profit in the face of severe turbulence unleashed by the global recession. The job cuts, which will shrink JAL’s workforce by 14 percent, are part of an emergency restructuring plan being prepared by Asia’s largest carrier, which is seeking financial aid from the government.
Total losses = 6800
Wikipedia: Japan Airlines (JAL)
4655 jobs gone in 24 hours.
Washington State University layoffs 360 full-time jobs and three academic programs to reduce its budget by $54 million, or more than 10%, over the next two years.
Irish low-cost Ryanair cuts 650 jobs in Ireland, blaming the move on government hikes in taxes amid a deep recession in the eurozone member nation.
Penske Logistics to cut 100 jobs.
Delphi closes Vandalia plant, cuts 116 jobs.
Norske Skog plans to cut 600 jobs.
Bank of America layoffs 81 in Tampa.
University Hospitals in Iowa will layoff 130 employees.
Dean Foods closes PET Dairy operations, cuts 120 jobs.
Lockheed Martin cuts 750 jobs.
Jostens layoffs 185 employees.
Michelin to cut 2800 jobs in France through early retirement and voluntary redundancies in the next three years, sparking concern from the government.
Evonik Cyro layoffs 35 workers.
The slowdown in spending is still finding new victims – most recently MySpace. The social networking giant currently owned by media conglomerate News Corp. will be losing around 30% of its US workforce over the next few weeks, which aquates to about 400 employees.
Total losses in the past 24 hours = 4655
1 week 55 companies lay off 20000+ people.
Girtz Industries to layoff 60 in Indiana.
Boston Redevelopment Authority to cut 30 job.
Watson Pharmaceuticals cuts 275 jobs.
Vacumet Corp layoffs 39 employees.
Volunteer Fabricators cuts 145 jobs.
Lockheed Martin to cut 535 jobs in San Jose.
CUNA Mutual Group cuts 52 jobs.
Guardian Life Insurance layoffs 39.
Premier Elkhorn Coal Company cuts 100 jobs.
United Methodists eliminates 50 minutes.
Transcontinental layoffs 250 workers.
General Motors cuts 38 Missouri dealers, 66 Illinois, 887 workers in Wentzville.
Symmetricom layoffs 30.
Frontier Financial Corp cuts 45 jobs.
Cessna to cut 1300 more jobs.
American Airlines cuts 1600 jobs.
UTStarcom cuts 2300 jobs worldwide.
Carlson Craft layoffs 114.
Shaw Group to cut 168 jobs by August.
Zimmer Holdings layoffs 100 in Warsaw.
H&H Foodservice Inc cuts 90 jobs.
Reynolds Packaging layoffs 158 employees.
Indevus Pharmaceuticals cuts 60 jobs.
Heifer International plans to layoff 20% of workforce.
Design Craftsmen layoffs entire workforce.
Cadence Design Systems cuts 225 jobs.
Meridian Automotive Systems cuts 200 jobs in India.
Ixia layoffs 10% of workforce.
Metalcraft closes Mayville facility, 121 jobs lost.
Quantum Engineering layoffs 88.
Crystal Dynamics cuts 25 jobs.
Keystone Findings closes Telford operations, 46 jobs.
Bass Berry & Sims layoffs 32 employees.
Ford Motors layoffs 350 workers at Louisville Plan.
Baxter Healthcare layoffs 65.
Advanced Steel layoffs 91 employees.
MeadWestvaco cuts 65 jobs in Wisconsin.
Lloyds Bank cuts 1660 jobs.
Ericsson layoffs 167 workers.
Capital Group layoffs 94 in San Antonio.
McAvoy Group layoffs 35, as the companies struggles with a slump in orders.
LM Glasfiber layoffs 80 workers.
Orgill Inc cuts 176 jobs.
Electrolux cuts 150 jobs.
Dassault Falcon layoffs 111 employees.
Suzlon might layoff 90 employees.
Lehigh Phoenix layoffs 54 employees. Lehigh Phoenix is the principal provider of cover components, overhead transparencies and juvenile book production for the publishing industry in the United States.
Intuit cuts 4% of workforce.
Georgia Gulf Corp cuts 100 jobs.
Newport Television cuts around 120 jobs.
Columbia Falls Aluminum closes plant, 90 jobs lost.
Nortech Systems layoffs 57 in Iowa. Nortech makes electronics equipment such as printed circuit-board assemblies, for three primary markets: aerospace/defense, medical and industrial.
One Communications Corp layoffs 60 in Rochester.
American Express to cut 4000 jobs this year. The credit card and travel services company, plans to eliminate 4000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.
Total losses = +- 20000
Layoff Tracker – Thursday Crunch Victims.
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
Continental Airlines sacks 500 agents.
Continental Airlines Inc. said that it is closing a call center in Tampa, and cutting 500 reservation agents companywide. The carrier cited a weak economy and customers’ growing preference for Web-based reservations.
Based in Downtown Houston, Texas, it is the fourth-largest airline in the US based on revenue passenger miles.
Total losses = 500
India’s domestic airlines to cut 2500 jobs.
India: At least 2500 airline employees are expected to lose their jobs in next four-six months from domestic carriers that are set to post a combined loss of $2 billion in 2008-09, according to airline executives and analysts. This is about 8% of the total workforce employed by private carriers. Jet Airways (India) Ltd’s experience, domestic carriers are not going for large-scale retrenchments at one go. Instead, they are taking employees off payrolls in phases and small lots.
Total losses = 2500
April Losses
Freedomdirect 17 April 108
Aveva 17 April 80
Roger Bullivant 16 April 95
Air France-KLM 2500-3000 April 15
Hallmark 750 April 14
Siemens 14 April 45
Russian Railways 53700 April 9
RSA 9 April 1200
LyondellBasell 3000 April 8
Michael Page 8 April 809
RBS 7 April 4500
BA 3 April 300
Filtrona Filters 2 April 233
AVX 2 April 130
Bombardier Inc 3000 April 2
Aviva 2 April 1100
EDC 1 April 260
Jarvis 1 April 450
Co-op 1 April 140
Airline Crunch Victims Graveyard.
I stumbled upon this post from the Daily Mail dated 10th November 2008, showing all the budget airlines that have fallen victim to the credit crunch. They lie abandoned at Lasham Airfield near Basingstoke. Most of them are brand new and sport brightly coloured bodies. Some names you might remember (XL Airways planes sit side-by-side with aircraft once owned by Futura International Airways a carrier based in Majorca, Spain, that was declared bankrupt in September. There is also Estonian airline Aero).
Lasham, originally an RAF airfield, is now the home of the UK’s largest gliding club and the ATC independent aircraft maintenance company, which is dealing with the planes grounded by the credit crunch. ATC say all the 11 planes are owned by leasing companies which are now seeking to re-lease them.
More Photos:
- The planes are being stored until they are either sold off or used for scrap.
- Three XL airlines and three Aero Airways planes lie unused on the tarmac.
- The planes are being stored until they are either sold off or used for scrap.
Would scrapping the €10 tax bring back 50 Ryanair jobs?
Chief executive Michael O’Leary blamed the latest cuts (50 staff) on the new €10 travel tax and an increase in charges by the Irish Aviation Authority.
He called on the Government to scrap the tax.
What if the government did scrap that tax, would 50 jobs be saved or is that just a weak excuse from Michael O’Leary because his company is suffering in the Economic Downturn?
Job losses = 50
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.
2000 jobs fly at Delta Airlines.
Delta announced 2,000 job cuts and offered voluntary severance packages. More than 4,000 workers took advantage of the packages. I guess those other 200o people couldn’t believe their luck.
Job losses (through severance packages): 4000
Related Web Links:
Silverjet grounded into administration.
Quoted from Jaunted
Silverjet has gone the way of Maxjet and Eos, grounding its planes after running out of cash. The all business class carrier was the last to fly the NYC to London route, but despite promises of financing, the money just never materialized.
Job Losses: 420
Related Web Links:
