Transport
Plenty of crunch victims as May comes to an end.
The following list was sourced from Layoff Tracker. Just some of the companies laying off people in the past two days.
- AG cuts 16% of work force.
- Arctic Cat layoffs 60.
- Young Touchstone layoffs 140.
- HP to layoff 850 in Scotland.
- Gevity layoffs 50 including CEO CFO & CIO.
- Allstate Insurance cuts 55 jobs.
- Cookson Group cuts 21% of workforce.
- Sovereign Bank layoffs 81 in Rocky Hill.
- Catalyst Paper layoffs 100.
- Harris Bankcorp layoffs 60 managers.
- Saint Joseph Mercy Health System plans to cut 350 jobs.
- Gulfstream Aerospace cuts 25% of work force.
- Rosemount Inc layoffs 80.
- Metabasis cuts 35 jobs in Michigan.
- Metlife has laid off 1000 till now.
- Usiminas cuts 1300 jobs.
- Herbert Smith layoffs 84 in London.
- ABB cuts 540 jobs in France.
- Siemens cuts 1000 jobs.
Spirit Aerosystems cut 100 jobs.
Contract engineers at Spirit Aerosystems are being let go in large part due to the suspension of the Cessna Columbus program which this site was being prepared for. An estimated 100 of about 300 independent contractors are being cut.
Total losses = 100
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
Enterprise Rent-A-Car to lay off 170 employees in NYC.
Source: Bizjournals.com
Enterprise Rent-A-Car, plan to lay off 170 employees in New York City and outsource the staffing of drivers in charge of moving and repositioning rental vehicles. The layoffs represent nearly 40% cut of the units’ New York City work force, which will have 285 employees remaining.
Job losses = 170
Cessna To Lay Off 2300 as rich stop buying jets.
USCV: The largest builder of corporate jets in the US, is laying off 2300 workers and closing its Oregon plant as it tries to restructure its product line amid declining plane orders. The latest job losses come on top of 4600 jobs already cut.
Total losses = 2300
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
NASA to cut 900 jobs (160 jobs today).
The space agency will be cutting up to 900 jobs in the next five months, beginning with about 160 job today. Most of the first wave of layoffs will affect Lockheed Martin and ATK Thiokol, contractors that support the shuttle program by building fuel tanks and rocket boosters in Louisiana and Utah.
Job losses = 900 (160 on 1st May 2009)
April Losses
Freedomdirect     17 April    108
Aveva     17 April    80
Roger Bullivant     16 April    95
Air France-KLMÂ 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
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
Lockheed Martin to layoff 225 employees due to Economic Downturn.
Lockheed Martin Systems Integration – Owego today told employees today in an email (how poor) that it will cut 225 positions due to a downturn in business conditions and federal government decisions to delay or cancel programs.
Total losses = 225
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.
Harley Davidson expected to cut 400 more jobs.
Milwaukee-based Harley-Davidson has announced more job cuts and a further slump in profits.
The American manufacturer has said it will axe up 400 more jobs in the next two years, bringing total job losses to more than 1400, according to the Wall Street Journal.
Total losses = 1400
Bombardier cut 3000 jobs (1000 in Belfast).
Damn! on the same day that Bombardier announce “Strong Financial Results for the Fourth Quarter and the Year Ended January 31, 2009“, they are cutting 1740 at their Montreal and 475 at their Toronto bases and a further 1000 jobs at their Belfast and Mexico factories.
A company statement said,
We are cutting aircraft production rates and reducing manpower at all its sites because of an “unprecedented recession.
We deeply regret the impact this will have on those affected and their families. Unfortunately, however, the force of this global recession is unprecedented, market conditions have worsened, and Bombardier is revising downwards most of its aircraft production rates and implementing measures to meet challenges facing the whole aviation industry.
For the full year 2008 to 2009, profit topped $1-billion for the first time in the companies history. That compares to $317-million in fiscal 2008. Revenue was up 12.5% to $19.7-billion. So one has to wonder why there are so many reductions now?
Total losses = 3000
Related Web Links:
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
