Barnes Layoffs Job Cut: fires 800 employees, Closing plants

Now, another firm Barnes, has decided to go for big round of Barnes Lay offs or Barnes Job Cuts. Unfortunately the situation is worsening further for the finance sector and Barnes is feeling the heat. The economic crisis is hitting all sectors and all the sectors are getting affected.Barnes Layoffs

How many employees may be fired by Barnes layoffs?
The news is that around 800 employees may be asked to leave their jobs at Barnes. This will be around 12.5 percent of its total employees.

How many employees does Barnes have?
There are about 5,700 total no. of Barnes employees.

Which locations will be affected by the Barnes Layoffs?
Windsor-based Barnes Aerospace division has cut around 28 workers. The Precision Components division will also be affected and all the plants which will be shut down.

Which plants or locations will be shut down by the Barnes Layoffs?
Central Lake, Mich. will be closed in September, Monterrey, Mexico and Atlanta distribution center will be closed by March.

How much savings can be made by Barnes Layoffs?
There will be a estimated pre-tax savings of around $40 million.

When will the Barnes layoffs happen
No information is available about the dates of Barnes layoffs.

What are the primary reasons of Barnes Layoffs
The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Barnes. These layoffs are being justified as preparation for a possible decline in revenue.

Any other news about Barnes?
As per Journal Inquirer,Although Barnes Group’s financial position "continues to remain strong," Milzcik said, the closings and job cuts are being used "to minimize the impact of the recession on financial results, given the high degree of uncertainty in the economic outlook for 2009."

Barnes also announced in December that it is leaving behind some of its "non-core" ventures in Great Britain.

Its Logistics and Manufacturing Services division’s Motalink van business, based in Corsham, England, was sold, as were "certain assets of the U.K. direct sales to car dealerships unit and the systems business and catalog unit," Logistics and Manufacturing President Patrick Dempsey, said.
Let's hope that alternative jobs are available to the affected employees of Barnes Layoffs Job Cut

Allstate Layoffs Job Cut: fires 1000 employees

Now, another insurance firm Allstate, has decided to go for big round of Allstate Lay offs or Allstate Job Cuts. Unfortunately the situation is worsening further for the finance sector and Allstate is feeling the heat. The economic crisis is hitting all sectors and all the sectors are getting affected.Allstate Layoffs

How many employees may be fired by Allstate layoffs?
The news is that around 1000 employees may be asked to leave their jobs at Allstate.

How many employees does Allstate have?
No information is available about the total no. of Allstate employees.

Which locations will be affected by the Allstate Layoffs?
No specific info is provided by the company as of now.

Which departments will be affected by the Allstate Layoffs?
The financial division have been the worst hit and hence the layoffs are expected in these departments.

How much savings can be made by Allstate Layoffs?
No information is there about this latest job cut saving, but they are justifying the layoffs quoting the losses they made in the business.

When will the Allstate layoffs happen
No information is available about the dates of Allstate layoffs.

What are the primary reasons of Allstate Layoffs
The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Allstate. These layoffs are being justified as preparation for a possible decline in revenue. There was a loss of more than $1.1 billion dollars in the fourth quarter of 2008.

Any other news about Allstate?
As per TheStreet,Allstate's $2.11-a-share loss was driven by weakness in its property-liability sector, decrease in investment income and realized investment losses. It compares to a $760 million profit, or $1.36 a share, in the fourth quarter 2007. The insurer is another in the steady stream of companies in the sector reporting investment losses with realized losses of $1.9 billion for the quarter and $5.1 billion for the full year.
Let's hope that alternative jobs are available to the affected employees of Allstate Layoffs Job Cut

Hitachi Layoffs Job Cut: fires 7000 employees

It was recently NEC laypoffs, Japanese Electronics giant which went for a massive layoff. Now, another Japanese electronics firmHitachi, has decided to go for big round of Hitachi Lay offs or Hitachi Job Cuts. Unfortunately the situation is worsening further for the electronics market and Hitachi is feeling the heat. The economic crisis is hitting all sectors and all the sectors are getting affected.Hitachi Layoffs

How many employees may be fired by Hitachi layoffs?
The news is that around 7000 employees may be asked to leave their jobs at Hitachi. This is a global layoff.

How many employees does Hitachi have?
No information is available about the total no. of Hitachi employees.

Which locations will be affected by the Hitachi Layoffs?
THis is going to be a global layoff at multiple locations across the world. No specific info is provided by the company as of now.

Which departments will be affected by the Hitachi Layoffs?
The auto equipment and electronics division have been the worst hit and hence the layoffs are expected in these departments.

How much savings can be made by Hitachi Layoffs?
No information is there about this latest job cut saving

When will the Hitachi layoffs happen
No information is available about the dates of Hitachi layoffs.

What are the primary reasons of Hitachi Layoffs
The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Hitachi. These layoffs are being justified as preparation for a possible decline in revenue. The electronics and engineering group forecast a loss of 700 billion yen (7.83 billion dollars) in the year ending March 31. It previously expected a net profit of 15 billion yen.

Any other news about Hitachi?
As per RetrenchementBlog,The company also said it will streamline fixed costs by some 200 billion yen in the year to March 2010, mainly in its digital media and auto equipment divisions.
For the three months to December, Hiatchi reported a net loss of 371 billion yen, compared with a net profit of 12.5 billion yen a year earlier.
Let's hope that alternative jobs are available to the affected employees of Hitachi Layoffs Job Cut

Charles Schwab Layoffs Job Cut: fires 500-600 employees

Major investment brokerage firmCharles Schwab, has decided to go for big round of Charles Schwab Lay offs or Charles Schwab Job Cuts. Unfortunately the situation is worsening further for the investment and brokerage secotr and Charles Schwab is feeling the heat. The economic crisis is hitting all sectors and financial sector being the front runner in the suffers list. Charles Schwab Layoffs

How many employees may be fired by Charles Schwab layoffs?
The news is that around 500 to 600 employees may be asked to leave their jobs at Charles Schwab.

How many employees does Charles Schwab have?
The total no. of employees is about 13,000 employees.

Which locations will be affected by the Charles Schwab Layoffs?
Fifty percent of the job-cuts or layoffs are expected to be in the Schwab's San Francisco headquarters. Schwab, which now occupies four buildings in San Francisco, will consolidate its headquarters workforce into two buildings to save more money.

Which departments will be affected by the Charles Schwab Layoffs?
No specific information is available department or business segment wise.

How much savings can be made by Charles Schwab Layoffs?
No information is there about this latest job cut saving

When will the Charles Schwab layoffs happen
No information is available about the dates of Charles Schwab layoffs.

What are the primary reasons of Charles Schwab Layoffs
The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Charles Schwab. These layoffs are being justified as preparation for a possible decline in revenue of as much as 20 percent in 2009

Any other news about Charles Schwab?
As per SFGate,The job cuts are part of a plan Schwab announced in December to strip operating expenses by 7 to 8 percent.
Martinetto said money market fee waivers could cost Schwab as much as $200 million this year, under the company's most pessimistic scenario. Beyond that, the leading brokerage company has suffered net losses of $900 million in equity accounts and is seeing continuing declines in the market value of securities, he said. The company may take additional charges if the housing market continues to flounder, he said.
Let's hope that alternative jobs are available to the affected employees of Charles Schwab Layoffs Job Cut

Morgan Stanley Layoffs Job Cut: fires 2000 more employees

Wall Street major investment bank Morgan Stanley, which has been in the news recently for several rounds of layoffs have to decided to go for another big round of Morgan Stanley Lay offs or Morgan Stanley Job Cuts. Unfortunately the situation is worsening. The economic crisis is hitting all sectors and financial sector being the front runner in the suffers list. Morgan Stanley Layoffs

How many employees may be fired by Morgan Stanley layoffs?
The news is that around 2,000 employees may be asked to leave their jobs at Morgan Stanley. These will be additional to 5400 employees fired in the year 2008 by the firm.

How many employees does Morgan Stanley have?
The total no. of employees till 2008 was about 49,600 employees. But it is reported that the company has laid off more than 10,000 workers since mid 2007

Which departments will be affected by the Morgan Stanley Layoffs?
Thie 2000 strong layoff will mainly affect the back-office employees.

How much savings can be made by Morgan Stanley Layoffs?
No information is there about this latest 2000 job cut saving, but the last year's job cuts would reduce the company’s compensation costs by $1.2 billion this year.

When will the Morgan Stanley layoffs happen
No information is available about the dates of Morgan Stanley layoffs.

What are the primary reasons of Morgan Stanley Layoffs
The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Morgan Stanley.

Any other news about Morgan Stanley?
As per InvestmentNews,Morgan Stanley’s chief financial officer, Colm Kelleher, said at an investors conference on Jan. 28 that last year’s layoffs would reduce the company’s compensation costs by $1.2 billion this year. He did not address additional cuts, but said the investment bank is making significant budget cuts, over and above payroll, in marketing, professional services, and brokerage and clearing.

The previous layoffs and the next round will not affect advisers in Morgan Stanley’s global wealth management group, the source said.
Let's hope that alternative jobs are available to the affected employees of Morgan Stanley Layoffs Job Cut

New York City NYC Layoffs Job Cut: may fire 23000 employees

After hundreds of companies and corporations going for massive layoff schemes, its now the turn of the big apple to get into the mode. New York City NYC, which has been dependent heavily on the income from taxes from the Wall Street established banks has may have to decide to go for a big New York City NYC Lay offs or New York City NYC Job Cuts. It was in the month of September 2008, when we had reported the posibilities of New York City NYC Layoffs and unfortunately the situation is worsening. The economic crisis is hitting all sectors. It is learnt that these layoffs are being done because of the loss of revenue from the Wall street banks based in New York City, which have been the primary source of income to the NYC. New York City NYC Layoffs

How many employees may be fired by New York City NYC layoffs?
The news is that around 23,000 employees may be asked to leave their jobs at New York City NYC.

How many employees does New York City NYC have?
No information is available with the website about the total no. of NYC employees.

Which departments will be affected by the New York City NYC Layoffs?
The public school system would suffer. If new aid does not come from the state, 14,000 teachers could lose their jobs. Most of the remaining 9,000 positions would be lost through attrition and about 1,000 layoffs.

How much savings can be made by New York City NYC Layoffs?
Around 1 billion USD can be saved by the firing of 23000 employees.

When will the New York City NYC layoffs happen
No information is available about the dates of NYC layoffs.

What are the primary reasons of New York City NYC Layoffs
The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for NYC from the Wall Street Banks. THere is a budget deficit of 4 billion dollars which the NYC has to make up for and that is the primary cause of the layoffs.

Any other news about New York City NYC?
As per CNN, "We had prepared for a downturn, but I think it's safe to say nobody prepared for the severity of the downturn that we have been experiencing," said Bloomberg.
There is also a proposal to raise sales tax. The tax hikes could raise an estimated $900 million, Bloomberg said, but that may be "nowhere near adequate," depending on the aid the city gets from the state and federal governments. He said he is hoping to get some concessions from city labor unions and aid from the state and federal governments totaling $2 billion.

The city will also save nearly $1 billion by cutting services and taking other actions. Reductions will be felt in the fire and police departments and at senior centers, among other areas. Some parking meter rates will increase, and the city will increase health code enforcement at "unsanitary restaurants."

The city has been hard hit by the recession because its economy depends heavily on Wall Street profits. The financial sector was rocked by the credit crisis, which led to the collapse of major investment houses and the loss of jobs.

Bloomberg said Friday that the city was expected to lose 46,000 Wall Street jobs by the second quarter of 2010.
Cash bonuses paid to city employees of Wall Street firms plunged by 44% in 2008 to $18.4 billion, down from $32.9 billion paid in 2007, according to an estimate released earlier this week by State Comptroller Thomas P. DiNapoli.

"The securities industry has already lost tens of thousands of jobs and the industry is still continuing to write off toxic assets. It's painfully obvious that 2009 will probably be another difficult year for the industry," DiNapoli said.

The loss in Wall Street bonus cash was estimated to cost the city $275 million in taxes, according to the controller's office. Before the financial crisis, 12% of the city's tax revenue came from business and personal income tax collections from Wall Street.
Let's hope that alternative jobs are available to the affected employees of New York City NYC Layoffs Job Cut.

NEC Layoffs Job Cut: fires 20000 employees

Now company NEC has decided to go for a big NEC Lay offs or NEC Job Cuts. The economic crisis is hitting all sectors and the Japanese electronics Giant seems to be giving in to the pressure. It is learnt that these layoffs are being done because of the mounting losses, declining sales and to save costs. NEC Layoffs

How many employees will be fired by NEC layoffs?
All together, around 20,000 employees may be asked to leave their jobs at NEC. That will be around 14% of the total global employee headcount at NEC. Out of this, 7% will be company's permanent workforce, while another 7% will be the temporary and contract staff.

How many employees does NEC have?
There are about 150,000 employees at NEC.

Which locations or plants will be affected by the NEC Layoffs?
No such information is available, but it is learnt that the layoffs will be done on a global basis at various global locations.

How much savings can be made by NEC Layoffs?
No information is available about that.

When will the NEC layoffs happen
The layoffs are expected to be done by March 2010.

What are the primary reasons of NEC Layoffs
The worsening global economy means that there is a decline in sales and businesses. NEC announced the job losses after saying it expects a net loss of 290 billion yen (3.2 billion dollars) in the year

Which class or segment of the employees will be affected by the NEC layoffs
Half of the job cuts are to come from NEC's 150,000 permanent employees worldwide, while the remaining 10,000 will be temporary and contract workers

Any other news about NEC?
As per Associated Press, NEC's net loss for October-December swelled to 130 billion yen ($1.46 billion) from 5.2 billion yen a year earlier as the global slump hit semiconductors and other businesses, it said Friday. Tokyo-based NEC said it would sink into the red for the full year through March, as well.
The job cuts, which include nearly 7 percent of the company's permanent work force, will be completed by March 2010 and are part of a broader plan to restore the company's profitability. NEC also aims to cut 80 billion yen in overhead costs at struggling semiconductor subsidiary NEC Electronics over the next two fiscal years.
Let's hope that alternative jobs are available to the affected employees of NEC Layoffs Job Cut

Kodak Layoffs Job Cut: fires 4500 employees

Now company Kodak has decided to go for a big Kodak Lay off or Job Cut. The economic crisis is hitting all sectors. It is learnt that these layoffs are being done because of the declining sales and to save costs. Kodak Layoffs

How many employees will be fired by Kodak layoffs?
All together, around 4500 employees may be asked to leave their jobs at Kodak. That will be around 18% of the total employee headcount at Kodak.

How many employees does Kodak have?
There are about 25,000 employees at Kodak.

Which locations or plants will be affected by the Kodak Layoffs?
No such information is available.

How much savings can be made by Kodak Layoffs?
No information is available about that.

When will the Kodak layoffs happen
The layoffs are expected to be done by March 2009. The plant will also be closed by then.

What are the primary reasons of Kodak Layoffs
The worsening global economy means that there is a decline in sales especially in the film-based photography products and hence that is the reason that company is deciding to go for job cuts.

Any other news about Kodak?
As per CBS06, Eastman Kodak says it is eliminating 3,500 to 4,500 jobs, or 14 percent to 18 percent of its payroll, as it posted a $137 million loss for the fourth quarter.

Kodak says sales and profits from both digital and film-based photography products plummeted.

The Rochester-based company said Thursday that its loss amounted to 51 cents a share in the last three months of the year. That compares with a year-ago profit of $215 million, or 75 cents a share. Excluding one-time items, the loss came to $21 million, or 8 cents a share.

It says sales fell 24 percent to $2.43 billion, as digital revenue fell 23 percent and traditional film-based revenue slumped 27 percent.

Analysts surveyed by Thomson Reuters expected, on average, a profit of 21 cents a share on higher sales of $2.81 billion.
Let's hope that alternative jobs are available to the affected employees of Kodak Layoffs Job Cut

Cessna Layoffs Job Cut: fires 4600 employees

It was in Novemeber when we have reported the layoff news reagrding Cessna Layoffs Job Cuts. Unfortunately, there is a big hike in the no. of layoffs that Cessna is going to do. Jack Pelton has written a letter to Cessna employees informing them of the job cuts. Now company Cessna has deiced to go for a big Cessna Lay off or Job Cut. The economic crisis is hitting all sectors. It is learnt that these layoffs are being done because of the declining sales and to save costs. Cessna Layoffs

How many employees will be fired by Cessna layoffs?
Al together, 4600 employees will be asked to leave their jobs at Cessna. This is an increase of 2000 new layoffs as compared to the earlier announced cuts of 2600.

How many employees does Cessna have?
No information is available about the total no. of employees of Cessna.

Which locations or plants will be affected by the Cessna Layoffs?
The Citation Service Center in Toledo will be closed by Cessna.

How much savings can be made by outsourcing and Cessna Layoffs?
No information is available about that.

When will the Cessna layoffs happen
The layoffs are expected to be done by March 2009. The plant will also be closed by then.

Any compensation or severance package for the affected employees of Cessna?
As per the earlier reports in November, there was a 60 day notice period to be served by the company to the affected employees. No info about what measures is the company taking for this new round of layoffs.

WHat are the primary reasons of Cessna Layoffs
The worsening global economy means that there is a decline in sales and hence that is the reason that company is deciding to go for manufacturing job cuts mainly.

Any other news about Cessna?
As per Kansas, below we present the text of a letter written by Jack Pelton to Cessna Employees.
Fellow Cessnans,

Earlier this month I updated all of you on the state of the business. I wish today I could report good news. Unfortunately, it is not getting better. We all know the global economy is in crisis and the challenges we face are unprecedented in recent memory. Cessna's customers and potential customers continue to feel the impact of declining corporate profits and tight credit markets, and that translates to a weaker market for our products and services.

It's extremely difficult to forecast this year's delivery number because, ultimately, it will depend on how the economy and other factors affect customer orders and cancellations. As a result it will be necessary for us to further reduce our production rates based on our current outlook for a weakening order book. That, unfortunately, means we will also have to further reduce our workforce.

As you are aware, over the last couple of months we announced workforce reductions of just over 2,600. Now, because of the continuing deterioration and reduced production rates, we will need to increase that number by an additional 2,000 affecting all facilities, bringing our total workforce reduction to 4,600.

Also, because of the reduced workload at our Citation Service Center in Toledo, we will close that facility. In most cases, the layoffs and the closure of the Toledo facility will be effective at the end of March. It will also be necessary for us to conduct furloughs beginning in March. That analysis continues and we will communicate details as we finalize that plan.

These numbers are profound, especially when you look beyond the numbers to the Cessna families that are affected. It's extremely painful for all of us to lose so many of our colleagues and friends. Making this decision is difficult for your leadership team and me personally. These actions are necessary to secure our future.

In closing, I want to remind Cessnans impacted by this reduction of the resources available through our Human Resources department. There are a number of contact avenues for you and I urge you to take advantage of them.

This continues to be a trying time for all Cessnans, and the depth of the reduction here is the last thing anyone expected even three months ago. As I said to you earlier this month, this is no fault of dedicated Cessnans. Your ability to focus on your job is going to be severely tested, but critical to the long-term health of our company. But, most importantly, remain respectful of those affected and, as always, treat them with the utmost dignity, in line with the strong Cessna values I know you all live by.

As always, I will continue to keep you updated on the industry and our company.

Jack Pelton
Let's hope that alternative jobs are available to the affected employees of Cessna Layoffs Job Cut.

Bon-Ton Layoffs Job Cut: fires 1200 employees

The NASDAQ listed retail giant Bon-Ton based in Boston has decided to go for layoffs. The company is in the business of retail sales and marketing. Now company Bon-Ton has deiced to go for a big Bon-Ton Lay off or Job Cut. The economic crisis is hitting all sectors. It is learnt that these layoffs are being done because of the declining sales and to save costs. Bon-Ton Layoffs

How many employees will be fired by Bon-Ton layoffs?
Around 1,150 employees will be asked to leave their jobs at Bon-Ton. It will also suspend its 401(k) plan to make savings.

How many employees does Bon-Ton have?
As of March 28, 2008, Bon-Ton had approximately 32,700 full-time and part-time associates. 700 employees are in York, PA and 1900 in the Milwaukee area.

Which department of employees will be affected by the Bon-Ton Layoffs?
Most of the job cuts will be in the manufacturing department.

How much savings can be made by outsourcing and Bon-Ton Layoffs?
Around 70 million USD annual savings will be made by the job cuts.

Any compensation or severance package for the affected employees of Bon-Ton?
The employees who are losing their jobs will receive career transition benefits, including severance payment

WHat are the primary reasons of Bon-Ton Layoffs
The worsening global economy means that there is a decline in sales and hence that is the reason that company is deciding to go for manufacturing job cuts mainly.

WHat actions are being taken by Bon-Ton to come out of the economic crisis?
Actions to be taken in fiscal 2009, which starts Feb. 1, include:
-Reducing corporate and store personnel by approximately 1,150 positions;
-Reducing other non-employee-based costs;
-Eliminating 2008 bonuses for senior executives;
-Eliminating 2009 merit-based wage increases across the entire company;
-Suspending employer contributions to the company’s 401(k) plan;
-Reducing capital spending to $40 million, and adjust inventory levels in response to sales trend.

Any other news about Bon-Ton?
As per Triangle BizJounral, "We are taking necessary actions to reduce costs in response to additional pressure on the retail industry brought on by significant deterioration in both the financial markets and macroeconomic environment," said Bud Bergren, Bon-Ton’s Milwaukee-based president and CEO. "We believe the reduction in force and other initiatives we have outlined will improve our cost structure and will better position the company for the current difficult economy and for the longer term."

The employees who are losing their jobs will receive career transition benefits, including severance payments, Bergren said.

The retailer estimates impact of the actions will be an increase in operating income of $70 million annually.

The costs associated with the reductions, including severance payments, are estimated at $3 million.

Bon-Ton said it also is reviewing the value of its intangible, long-lived and tax assets. Bon-Ton executives expect the company will record a "material non-cash charge" to reduce the reported value of the assets.

"We have a strong franchise with eight regional nameplates, a loyal customer and associate base and a merchandise mix that differentiates us from our competitors," Bergren said. "In addition, we have strong vendor relationships and an experienced and talented management team. We believe the implementation of our cost saving plan will further strengthen the company for the short term and position it well for the future."

Bon Ton operates 281 stores, including 12 furniture galleries, under the Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger’s and Younkers nameplates. It also operates Parisian stores in the Detroit area.
Let's hope that alternative jobs are available to the affected employees of Bon-Ton Layoffs Job Cut.

Black & Decker Layoffs Job Cut: fires 1200 employees

The Towson based company called Black & Decker has decided to go for layoffs. The company is in the business of making power tools and equipments. Now company Black & Decker has deiced to go for a big Black & Decker Lay off or Job Cut. The economic crisis is hitting all sectors. It is learnt that these layoffs are being done because of the declining sales and to save costs. Black & Decker Layoffs

How many employees will be fired by Black & Decker layoffs?
Around 1,200 employees will be asked to quit their jobs at Black & Decker.

Which department of employees will be affected by the Black & Decker Layoffs?
Most of the job cuts will be in the manufacturing department.

Which locations will be affected by the Black & Decker Layoffs?
Most layoffs in manufacturing will be at Reynosa, Mexico. Employees in Asia, Tennessee and California will also be affected. There will be some job cuts in the Baltimore area as well.

How much savings can be made by outsourcing and Black & Decker Layoffs?
There is no information provided by the company about the savings to be made by the job cuts.

WHat are the primary reasons of Black & Decker Layoffs
The worsening global economy means that there is a decline in sales and hence that is the reason that company is deciding to go for manufacturing job cuts mainly.

Any other news about Black & Decker?
As per BaltimoreSun, The company reported fourth-quarter earnings of $43.7 million, or 73 cents per share, compared with 187.4 million, or $2.94 cents per share, for the same period a year ago. The earnings for the quarter ended Dec. 31 reflect a $20.8 million pre-tax restructuring charge. Sales for the quarter decreased 17 percent to $1.4 billion. Sales were hurt by a 4 percent negative impact from foreign currency translation as the dollar gained strength.

Conditions are expected to continue to be tough as the year progresses. Black & Decker expects double-digit sales declines in the first three quarters of the year.

"We are facing a financial and economic crisis unlike anything in our professional careers," Nolan D. Archibald, the company's chairman and chief executive officer said during a conference call with analysts
Let's hope that alternative jobs are available to the affected employees of Black & Decker Layoffs Job Cut.

Boeing Layoffs Job Cut: fires 10000 employees

It was in the month of November 2008, when we had published the news about the Boeing Layoffs Job Cuts. The high and volatile prices of oil has seen many airlines come down crashing and now the aircraft company Boeing has decided to go for a big Boeing Lay off or Being Job Cut. The economic crisis is hitting all sectors.
Boeing, the leading company for aircraft manufacturing, has decided to go for an increase in the previously announced layoffs - around 10000 employees will be fired by the company. It is learnt that these layoffs are being done to save costs. Boeing Layoffs

How many employees will be fired by Boeing layoffs?
Around 10,000 employees will be asked to quit their jobs at Boeing - Initially it had
announced to cut only 4500 jobs, but now that no. has been hiked to 10,000 job cuts by Boeing.

How much savings can be made by outsourcing and Boeing Layoffs?
There is no information provided by the company about the savings to be made by the job cuts.

WHat are the primary reasons of Boeing Layoffs
The worsening global economy means that there is less air travel and hence less demand for aircrafts. There is also a decline in the defense budgets hence there will be constrints for

that as well.

Which departments of employees will be affected in the Boeing layoffs
Job reductions will primarily occur in areas that support productivity and infrastructure, driven through a combination of attrition, retirements, cuts in some contracted labor, and layoffs.
Let's hope that alternative jobs are available to the affected employees of Boeing

Layoffs Job Cut
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Harley-Davidson Layoffs Job Cut: fires 1100 employees

The news is not good for the employees of Harley-Davidson Corp, the firm in the business of motorcycles. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Harley-Davidson. No one seems to be shielded from the effect of recession. It the Harley-Davidson Company, which have decided to go for the layoff. Harley-Davidson Layoffs

How many employees will be fired in the Harley-Davidson layoffs?
There could be around 1100 job cuts by the company. That constitutes 12% of the total Harley-Davidson workforce.

Will there be any plant or facility closure by Harley-Davidson?
Yes. Several plants will be closed by the company.

When will the Harley-Davidson layoffs happen?
It is reported that the layoffs will take place over next 2 years.

What is the total number of employee strength for Harley-Davidson ?
No information is available about the total no. of employees at Harley-Davidson.

Which location will be affected by the layoffs?
Several plants and facilities will be closed. But no concrete information or details are available.

What is the primary reasons for Harley-Davidson layoffs?
Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs.

Any previous layoffs by the company?
Yes. This was Harley's second round of job cuts in the last nine months. In April, the company said it was laying off over 700 workers in response to a slump

How much savings is expected due to layoffs by Harley-Davidson?
No concrete details are available but it is learnt that company is going for all cost cutting measures.

Any other news about Harley-Davidson layoffs
Worldwide retail sales of Harley motorcycles fell 13.1 percent during the quarter, pulled down by a 19.6 percent drop in the U.S. But sales also fell in once-robust overseas markets, including Latin America, which saw a 28 percent decrease.
Let's hope that alternative jobs are available to the affected employees of Harley-Davidson Layoffs Job Cut

Schlumberger Layoffs Job Cut: fires 5000 employees

The news is not good for the employees of Schlumberger Corp, the firm in the business of oilfiled services and it is infact the largest in the world for oilfield services. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Schlumberger. No one seems to be shielded from the effect of recession. It the Schlumberger Company, which have decided to go for the layoff. Schlumberger Layoffs

How many employees will be fired in the Schlumberger layoffs?
There could be around 5000 job cuts by the company.

What is the total number of employee strength for Schlumberger ?
No information is available about the total no. of employees at Schlumberger.

Which location will be affected by the layoffs?
As per the news, jobs will be cut across North America, but no details are there about how many workers will be laid off if Alberta, where Schlumberger employs about 2,000 people.

What is the primary reasons for Schlumberger layoffs?
Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs.

Any previous layoffs by the company?
No. There are no reports of any previous layoffs.

How much savings is expected due to layoffs by Schlumberger?
No concrete details are available but it is learnt that company is going for all cost cutting measures.

Any other news about Schlumberger layoffs
Schlumberger's net profit for the October-December period was US$1.15 billion, compared with a year-earlier profit of $1.38 billion. Revenue rose to $6.87 billion from $6.25 billion a year earlier.
Let's hope that alternative jobs are available to the affected employees of Schlumberger Layoffs Job Cut

Union Pacific Layoffs Job Cut: fires 3150 employees

The news is not good for the employees of Union Pacific Corp. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Union Pacific. No one seems to be shielded from the effect of recession. It the Union Pacific Company, which have decided to go for the layoff. Union Pacific Layoffs

How many employees will be fired in the Union Pacific layoffs?
There could be around 3150 job cuts by the company. However, the buck is not going to stop there. There may be more layoffs coming on the way.

What is the total number of employee strength for Union Pacific ?
There are around 47,000 employees at Union Pacific.

Which location will be affected by the layoffs?
The layoffs will be done national level - at almost all locations in the six states where the bank is present.

What is the primary reasons for Union Pacific layoffs?
Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs.

Any previous layoffs by the company?
No. There are no reports of any previous layoffs.

How much savings is expected due to layoffs by Union Pacific?
No concrete details are available but it is learnt that company is going for all cost cutting measures.

Any other news about Union Pacific layoffs
Union Pacific reported a 35 percent increase in net income during its fourth quarter, despite the national recession's having sunk business volumes by 12 percent in that period. Volumes were down 18 percent in the first 21 days of January.
Let's hope that alternative jobs are available to the affected employees of Union Pacific Layoffs Job Cut

Compass Bank Layoffs Job Cut: fires 1200 employees

The news is not good for the employees of Compass Bank. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Compass Bank. No one seems to be shielded from the effect of recession. It the Compass Bank Company, which have decided to go for the layoff. Compass Bank Layoffs

How many employees will be fired in the Compass Bank layoffs?
There could be around 1200 job cuts by the company. That will be around 10 percent of the job cuts.

Which location will be affected by the layoffs?
The layoffs will be done national level - at almost all locations in the six states where the bank is present.

What is the primary reasons for Compass Bank layoffs?
Merged into Compass were three other U.S. banks acquired by BBVA: State National Bank, Texas State Bank and LNB, formerly Laredo National Bank. The layoffs were a further way to streamline operations of the combined four banks.

Any previous layoffs by the company?
No. There are no reports of any previous layoffs.

How much savings is expected due to layoffs by Compass Bank?
No concrete details are available but it is learnt that company is going for all cost cutting measures.

Any other news about Compass Bank layoffs
BBVA said it may have lost as much as $404 million from investing with Bernard Madoff, according to Bloomberg News. The bank acted for other institutions and investors by setting up products linked to funds that invested in Madoff’s securities firm, which was part of an alleged $50 billion Ponzi scheme
Let's hope that alternative jobs are available to the affected employees of Compass Bank Layoffs Job Cut

John Deere Layoffs Job Cut: fires 700 employees in Brazil & Iowa

The news is not good for the employees of John Deere Corporation or Deere Corp. The latest additon to the list of companies going for layoffs is the Deere. No one seems to be shielded from the effect of recession. It the John Deere Company, which have decided to go for the layoff. John Deere Layoffs

How many employees will be fired in the John Deere layoffs?
There could be around 700 job cuts by the company.

Which location will be affected by the layoffs?
502 workers will be fired at an agricultural harvesting equipment plant in Horizontina, Brazil. Another 190 employees in Davenport, Iowa, which makes construction and forestry equipment, will be laid off or temporarily reassigned effective Feb. 16.

What is the primary reasons for John Deere layoffs?
The main reason is the predictions in drop in sales. South American market sales could drop by 20 percent and worldwide construction and forestry equipment sales could fall by 12 percent.

Any previous layoffs by the company?
Yes. In the past six months, Deere has placed 188 employees on indefinite layoff at the John Deere Dubuque Works in Iowa.

How much savings is expected due to layoffs by John Deere?
No concrete details are available but it is learnt that company is going for all cost cutting measures.

Any other news about John Deere layoffs
The news has been reported citing an email from the top management.
Let's hope that alternative jobs are available to the affected employees of John Deere Layoffs Job Cut

American Greetings Layoffs Job Cut: fires 200 employees, closes 60 stores

The news is not good for the employees of American Greetings Corporation or American Greetings Corp. The latest additon to the list of companies going for layoffs is the American Greetings. No one seems to be shielded from the effect of recession. It the American Greetings Company, which have decided to go for the layoff, and not only that, it is also going for closure of many stores nationwide. American Greetings Layoffs

How many employees will be fired in the American Greetings layoffs?
There could be around 200 job cuts by the company.

How many plants will be closed by the company
A total of 60 stores will be closed out of the total 415 stores by the American Greetings company nationwide.

Any details available about specific location of stores to be closed?
Seven Stores in Northeast Ohio will be closed. Also stores at Galleria at Erieview in downtown Cleveland, Richmond Town Square in Richmond Heights, Great Lakes Mall in Mentor and Ashtabula Mall in Ashtabula, as well as stores in Wadsworth, Chesterland and Chagrin Falls.

When will the stores be closed
All concrened stores will be closed by February 28th, 2008.

What is the total employee strength of American Greetings
The total employee strength of American Greetings stands at around 18,000.

Any previous layoffs by the company?
Yes. last month they had cut 275 jobs, now another 200 jobs will be gone.

How much savings is expected due to layoffs by American Greetings?
No concrete details are available but it is learnt that company is going for all cost cutting measures.

Any other news about American Greetings layoffs
The company reported losses of $193 million for the third quarter and a 6.8-percent drop in sales at stores that had been open at least a year. Last week, both Moody's Investors Service and Standard & Poor's Ratings Services both downgraded the company's credit rating.
Let's hope that alternative jobs are available to the affected employees of American Greetings Layoffs Job Cut

Microsoft Layoffs Job Cut: fires 5000 employees

The news is not good for the employees of Microsoft Corporation or Microsoft Corp. Internet is flooded with news and rumors about Microsoft, the no. 1 Software company, that it might go for a massive layoffs and unfortunately, the company confirmed the plans today. The latest additon to the list of companies going for layoffs is the Microsoft. No one seems to be shielded from the effect of recession. It the Microsoft Company, which have decided to go for the layoff. Microsoft Layoffs
We had reported few days back about a possible Microsoft Layoff Job Cut. Unfortunately, that news has come out to be true.

How many employees will be fired in the Microsoft layoffs?
There could be around 5000 job cuts by the company. This will be around 5 percent of the total company workforce.

What is the total employee strength of Microsoft
The total employee strength of Microsoft stands at around 100,000.

How are the job cuts by Microsoft planned?
Today, they slashed 1400 jobs today, and the remaining will be slashed over next 1.5 years or 18 months.

Which departments or business segments will be affected by the Microsoft layoffs
The layoff affected employees will be from research and development, marketing, sales, finance, legal, human resources, and IT. However, there were news that there may NOT be any layoff in Microsoft, India.

How much savings is expected due to layoffs by Microsoft?
No concrete details are available but it is learnt that company is going for all cost cutting measures. It includes cutting on travel budgets, stopping of construction of campus sites in Redmond, etc.

Were there any previous rounds of layoffs by Microsoft
No news of that.

Any other news about Microsoft layoffs
The company said it would continue to hire in other areas, including its search business, so its work force would actually fall by between 2,000 and 3,000.
Let's hope that alternative jobs are available to the affected employees of Microsoft Layoffs Job Cut

Huntsman Layoffs Job Cut: fires 1175 employees

The news is not good for the employees of Huntsman Corporation or Huntsman Corp. The company is in the business of Chemical Making and Manufacturing. The latest additon to the list of companies going for layoffs is the Huntsman. No one seems to be shielded from the effect of recession. It the Huntsman Company, which have decided to go for the layoff. Huntsman Layoffs

How many employees will be fired in the Huntsman layoffs?
There could be around 1175 job cuts by the company. Along with that, the company also plans to cut jobs of 490 full-time contractor positions. This will be around 9 percent of the total company workforce.

How much savings is expected due to layoffs by Huntsman?
Around 150 million USD are expected to be saved annually after the layoffs.

ANy plant closures by Huntsman?
Yes, a plant in Grimsby, U.K., which is a titanium dioxide plant will be closed. About 200 full-time employees at the Grimsby plant will lose their jobs when the plant stops production in the first quarter.

Were there any previous rounds of layoffs by Huntsman
No. There were strong earnings reported by the company in the last year.

Any other news about Huntsman layoffs
The moves announced Thursday should save about $340 million in costs this year, Huntsman said. The company is planning to reduce capital spending by $190 million to $230 million in 2009 from $420 million in 2008.
Let's hope that alternative jobs are available to the affected employees of Huntsman Layoffs Job Cut

Franklin Templeton Layoffs Job Cut: fires 350 employees

The news is not good for the employees of Franklin Templeton Investment Firm. The latest additon to the list of companies going for layoffs is the Franklin Templeton. No one seems to be shielded from the effect of recession. It the Franklin Templeton Company, which have decided to go for the layoff. Franklin Templeton Layoffs

How many employees will be fired in the Franklin Templeton layoffs?
There could be around 350 job cuts by the company. This will be around 4 percent of the total company workforce.

Were there any previous rounds of layoffs by Franklin Templeton
No. There were strong earnings reported by the company in the last year.

What is the total employee strength of Franklin Templeton
As of now, The California-based financial services company employs more than 8,000 people.

Which employees are affected by the Franklin Templeton Layoffs
Carillon offices employees will be affected by the layoffs where 65 jobs will be cut.

Any other news about Franklin Templeton layoffs
Franklin Templeton’s parent company, Franklin resources, Inc., reported net income of $1.5 Billion in 2008, according to federal records.
Let's hope that alternative jobs are available to the affected employees of Franklin Templeton Layoffs Job Cut

SPX Corp Layoffs Job Cut: fires 400 more employees

The news is not good for the employees of SPX Corp Corporation, the Diversified manufacturer in multiple products. It is learnt that the company may go for another round of layoffs, firing as manay as 1700 employees in total at various locations. Seems like the era of progress is over and we are completely into a big messy situation, where even blue chip companies are unable to keep their employees. The latest additon to the list of companies going for layoffs is the SPX Corp. No one seems to be shielded from the effect of recession. It the SPX Corp Company, which have decided to go for the layoff. SPX Corp Layoffs

How many employees will be fired in the SPX Corp layoffs?
There could be around 400 job cuts by the company. This will be in addition to the previous layoffs. In total, around 10% of the global workforce of the company of the company is scheduled for firing.

What is the business of SPX Corp
The company makes products ranging from cooling towers for power plants to automotive diagnostic tools.

Were there any previous rounds of layoffs by SPX Corp
Yes. The company has laid off many employees in the recent past. Including these 400, the total layoff count stands at 1700 for SPX Corporation.

What is the total employee strength of SPX Corp
As of now, SPX Corp has 17,000 workers.

Any partcicular business which is getting affected
SPX is facing slowing demand in its transformer business in the USA.

Which employees are affecteed by the SPX Corp Layoffs
Many areas may be affected but primarily it will be manufacturing area where the jobs will be cut.

What are the primary reasons for SPX Corp layoffs?
SPX Corp is restructuring its operations in response to the decline of the global economy and its impact on consumer spending.

Any other news about SPX Corp layoffs
SPX said it expected to incur $65 million of restructuring costs this year as it laid out a 2009 profit forecast that was below Wall Street's 2008 expectations for the company.
Let's hope that alternative jobs are available to the affected employees of SPX Corp Layoffs Job Cut

Intel Layoffs Job Cut: plans to fire 6000 employees

The news is not good for the employees of Intel Corporation, the largest chipmaker for PC and laptops. It is learnt that the company may go for a huge layoff, firing as manay as 6000 employees at various locations globally. Seems like the era of progress is over and we are completely into a big messy situation, where even blue chip companies are unable to keep their employees. The latest additon to the list of companies going for layoffs is the Intel. No one seems to be shielded from the effect of recession. It the Intel Company, which have decided to go for the layoff. Intel Layoffs
We had reported recently about the Intel Layoffs Job Cut and seens like the worst fears have come true.

How many employees will be fired in the Intel layoffs?
There could be around 6000 job cuts by the company. That will be around 10% of the global workforce of the company.

Will there be any plant closure by Intel
Yes. The company plans to close 3 of the "assembly test" facilities in Malaysia and the Philippines and will halt production at plants in Hillsboro, Ore., and Santa Clara, Calif., where older-style wafers were being produced, as per the news.

What is the total employee strength of Intel
As of now, Intel has 84,000 workers.

Which employees are affecteed by the Intel Layoffs
Many areas may be affected but primarily it will be manufacturing area where the jobs will be cut.

Which location of employees are affected by Intel layoffs?
Though there is no detail available about that, but corporate headquarters is in Massachusetts are definitely affected. However, it is possible that some employees may be offered alternate position at a different location, based upon the needs.

What are the primary reasons for Intel layoffs?
Intel is restructuring its operations in response to the decline of the global economy and its impact on consumer spending.

When will the Intel layoffs happen?
It is learnt that the job cuts will be made by the year end.

Any other news about Intel layoffs
Intel posted a whopping 90 percent decline in its fourth-quarter profit, hurt by declining demand for its microprocessors - the brains of PCs - amid the economic downturn.
Let's hope that alternative jobs are available to the affected employees of Intel Layoffs Job Cut

Bose Layoffs Job Cut: fires 1000 employees

The news is not good for the employees of Bose Corporation. The latest additon to the list of companies going for layoffs is the Bose, which is known for the top quality audio products and based in Framingham. No one seems to be shielded from the effect of recession. It the Bose Company, which have decided to go for the layoff. Bose Layoffs

How many employees will be fired in the Bose layoffs?
There will be around 1000 job cuts by the company. That will be around 10% of the global workforce of the company.

How many employees does Warner Bros has?
Bose has 10,000 employees as of now.

Which employees are affecteed by the Bose Layoffs
Many areas may be affected but primarily it will be manufacturing area where the jobs will be cut.

Which location of employees are affected by Bose layoffs?
Though there is no detail available about that, but corporate headquarters is in Massachusetts are definitely affected.

What are the primary reasons for Bose layoffs?
Bose is restructuring its operations in response to the decline of the global economy and its impact on consumer spending.

When will the Bose layoffs happen?
It is learnt that the job cuts will be made as soon as possible.

Any other news about Bose layoffs
The company was founded in 1964 by audio pioneer Amar G. Bose, then a professor at the Massachusetts Institute of Technology.
Let's hope that alternative jobs are available to the affected employees of Bose Layoffs Job Cut

Warner Brothers Layoffs Job Cut: fires 800 employees

The news is not good for the employees of Warner Brothers Corporation. The latest additon to the list of companies going for layoffs is the Warner Brothers, which is one of the top entertainment companies of Hollywood. No one seems to be shielded from the effect of recession. It the Warner Brothers Company, which have decided to go for the layoff. Warner Brothers Layoffs

How many employees will be fired in the Warner Brothers layoffs?
There will be around 800 job cuts by the company. That will be around 10% of the global workforce of the company.

How many employees does Warner Bros has?
Warner Brothers has 8,000 employees.

Which employees are affecteed by the Warner Brothers Layoffs
200 open positions worldwide would be eliminated, 300 jobs would be outsourced. Of the 300 jobs to be outsourced, 100 people would be offered jobs at the company to which their positions would be outsourced.

Any compensation or severance package for Warner Brothers employees?
There is no information regarding that.

How much savings is expected to be made by Warner Brothers layoffs?
The savings from layoffs and other measures will amount to Euro 1.5 billion ($1.95 billion).

When will the Warner Brothers layoffs happen?
It is learnt that the job cuts will be made as soon as possible.

Any other news about Warner Brothers layoffs
In the email Horn and Meyer said that despite the company's solid performance in 2008, the decision reflected changes necessary for stability and growth going forward.
Let's hope that alternative jobs are available to the affected employees of Warner Brothers Layoffs Job Cut

Metro AG Layoffs Job Cut: fires 5200 employees

The news is not good for the employees of Germany Duesseldorf-based company based Metro AG Corporation. The latest additon to the list of companies going for layoffs is the Metro AG, which is one of the top 5 in Retailer Business. No one seems to be shielded from the effect of recession. It the Metro AG Company, which have decided to go for the layoff. Metro AG Layoffs

How many employees will be fired in the Metro AG layoffs?
There will be around 1500 job cuts by the company.

Which locations will be affected by the Retailer Metro AG job cuts?
The layoffs by Metro AG will be done on a global basis.

How many employees does Metro AG has?
Metro AG has 300,000 employees at 2200 stores spread across 32 different countries.

Which employees are affecteed by the Metro AG Layoffs
There are 800 Metro AG Corporation employees in the Greater Cleveland area, 60 of those workers will lose their jobs.

Any compensation or severance package for Metro AG employees?
There is no information regarding that.

How much savings is expected to be made by Metro AG layoffs?
The savings from layoffs and other measures will amount to Euro 1.5 billion ($1.95 billion).

When will the Metro AG layoffs happen?
It is learnt that the job cuts will be made by March 2009.

Any other news about Metro AG layoffs
Metro said it would introduce other profit-enhancing measures beyond the layoffs, including giving international units more say in running their business, while the Cash & Carry, Real, Media Markt, Saturn and Kaufhof divisions will have more oversight of their entire business lines from supplier to customer.
Let's hope that alternative jobs are available to the affected employees of Metro AG Layoffs Job Cut

Eaton Layoffs Job Cut: fires 5200 employees

It was Barack Obama's swearing in ceremony when entire America was rejoicing, but not for the employees of Eaton Corporation. The latest additon to the list of companies going for layoffs is the Eaton, which operates from Cleveland. No one seems to be shielded from the effect of recession. It the Eaton and Eaton Company, which have decided to go for the layoff. Eaton Layoffs

How many employees will be fired in the Eaton layoffs?
There will be around 5200 job cuts by the company.

Is this the first round of layoff by Eaton Corporation?
No, the company has already slashes or gone for job cuts for 3400 employees in 2008.

Which employees are affecteed by the Eaton Layoffs
There are 800 Eaton Corporation employees in the Greater Cleveland area, 60 of those workers will lose their jobs.

Any compensation or severance package for Eaton employees?
The laid off workers will receive pay through the end of January 2009. The laid off workers will receive severance and or unemployment benefits.

When will the Eaton layoffs happen?
It is learnt that the job cuts will be made by March 2009.
Let's hope that alternative jobs are available to the affected employees of Eaton Layoffs Job Cut

Mahindra XYLO Review: New Offerning from Mahindra

So, you were till now believining that Toyota Innova was the only car which could give you a mix of space, mileage and comfort, but it comes with a pinch of high price. Think again, the eagerly awaited Mahindra XYLO is here. The era of sedans is over.
Mahindra XYLO
For all the XYLO enthusiasts, here are some of the details which are available on the official site of Mahindra XYLO. Believe us, it will surely give a run for money for Totota Innova.

What's more interesting, that you will have a choice of 10 colors to choose your XYLO from.
Mahindra XYLO
Available in 4 different variants, namely E2, E4, E6 & E8, Mahindra XYLO is designed to address all the needs of all cadres of individuals. The 4 variants of mahindra XYLO, differ in following parameters:

-Exteriors

-Interiors

-Seat & Interior Trims

-Safety

-Comfort & Convenience

-Technology

SPECIFICATIONS of Mahindra XYLO

Engine : Type 4 Cylinder, Turbocharged, Diesel (m-Eagle CRDe)
Displacement : 2498cc
Max power : 112bhp @ 3800 rpm
Max Torque : 24 kgm @ 1800-3000 rpm

Gearbox :Type 5 Speed; Manual

Steering :Type Power Assisted, Rack & Pinion

Suspension: Front Independent, Coil springs, Double Wishbone type with Anti-roll bar Rear Multi-link, Coil springs

Wheels and Tyres
Wheels : 6.0J X 15 (Steel and Alloy type)
Tyre : 215/75 R15

Brakes
Front : Ventilated Disc
Rear : Drum

Vehicle
Body : Two box, Five Door
Seating Capacity : 7 & 8 seater
Fuel Tank Capacity : 55 litres

Overall Dimensions
Wheel Base :2760 mm
Width : 1850 mm
Length : 4520 mm
Height : 1895 mm
Ground Clearance : 186 mm
Turning Circle Radius : 5.4 m
Kerb Weight : 1830 kg (2WD)
Gross Weight : 2475 kg

Clear Channel Layoffs Job Cut: fires 1500 employees

The latest additon to the list of companies going for layoffs is the Clear Channel, which operates radio stations and outdoor advertising space. No one seems to be shielded from the effect of recession. It the Clear Channel and Clear Channel Company, which have decided to go for the layoff. Clear Channel Layoffs

How many employees will be fired in the Clear Channel layoffs?
There will be around 1500 job cuts by the company. It will constitute 7% of the total employee strength.

How much savings can be achieved by Clear Channel layoffs?
There are no details available about the savings coming only from layoffs, but there are other measures that the company is taking. If all these measures are taken into consideration, then the total savings can be upto 400 million USD.

When will the Clear Channel layoffs happen?
It is learnt that the job cuts will be made by March 2009.


Any other news about Clear Channel layoffs
As per the news, Clear Channel, the largest U.S. company, by revenue, in both radio and outdoor advertising, was also implementing other cuts aimed at saving close to $400 million.
Let's hope that alternative jobs are available to the affected employees of Clear Channel Layoffs Job Cut

Honda & Mitsubishi Layoffs Job Cut: fire 4900 employeesin total

No one seems to be shielded from the effect of recession. The worst hit seems to be the automobile sector. It was intially the US based auto companies to go for a demand of bailout package and now its the Asian counterparts in Japan to take preventive measures.It the Honda and Mitsubishi Company, which have decided to go for the layoff. The latest one to add to the list is, Honda & Mitsubishi which are going for layoffs. Honda Mitsubishi Layoffs

How many employees will be fired in the Honda and Mitsubishi layoffs?
There will be around 4900 job cuts by the company. Honda is reported to fire 3100 temporary employees and Mitsubishi will cut 1800 employees jobs.

When will the Honda Mitsubishi layoffs happen?
It is learnt that the job cuts will be made by March 2009.

Any information about production cuts by Honda and Mitsubishi?
It is reported that Honda will cut on the domestic production by 56,000 vehicles.

What are the primary reasons for Honda Mitsubishi layoffs?
Primary reasons for layoffs at Honda Mitsubishi are the economic crisis leading to fall in sales and demand.

Any other news about Honda Mitsubishi layoffs
As per the news, In its efforts to match production with slumping demand, Honda said it would curtail production in Britain for two months, April and May. Honda had already announced it would cease production in February and March at its Swindon plant in southwest England. That plant will now close for four months, the company said. Let's hope that alternative jobs are available to the affected employees of Honda Mitsubishi Layoffs Job Cut

Sanyo Layoffs Job Cut: fires 1200 employees, closes 3 units

No one seems to be shielded from the effect of recession. It the Sanyo Company, which has decided to go for the layoff. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Sanyo which is going for layoffs. Sanyo Layoffs

How many employees will be fired in the Sanyo layoffs?
There will be around 1200 job cuts by the company.

Any information available about the location wise job cut for Sanyo?
Around 800 jobs will be cut in Japan, while remaining 400 jobs will be cut at overseas locations. The job cuts will include both permanent and temporary positions.

What are the primary reasons for Sanyo layoffs?
Primary reasons for layoffs at Sanyo are the economic crisis leading to fall in sales and demand.

How many plants will be closed by Sanyo?
Around 3 plants will be closed by Sanyo at overseas locations.

Any other news about Sanyo layoffs
As per the news, Sanyo has cut thousands of jobs as it attempts to return to profit. Recently it has tried to focus on environmental technologies including solar energy and rechargeable batteries. However, even sales of solar and rechargeable batteries are now declining and can no longer be relied on to offset losses elsewhere in the group. Let's hope that alternative jobs are available to the affected employees of Sanyo Layoffs Job Cut

Assa Abloy Layoffs Job Cut: fires 1800 employees, closes 15 units

No one seems to be shielded from the effect of recession. Things are getting worse for the employees of Assa Abloy Company, being the world's largest lock maker by sales. The Assa Abloy company has decided to go for the layoff. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Assa Abloy which is going for layoffs. Assa Abloy Layoffs

How many employees will be fired in the Assa Abloy layoffs?
There will be around 1800 job cuts by the company.

What are the primary reasons for Assa Abloy layoffs?
The company is going for a restructuring program. It involves sweeping 1.18 billion Swedish kronor ($141.8 million), firing employees and closing plants. It will also involve movement of work from high cost countries.

How many plants will be closed by Assa Abloy?
Around 15 plants will be closed by Assa Abloy.


Any other news about Assa Abloy layoffs
The company will consolidate administrative support functions and move to final assembly work in the remaining 25 units in high-cost countries. Let's hope that alternative jobs are available to the affected employees of Assa Abloy Layoffs Job Cut

Ecolab Layoffs Job Cut: fires 1000 employees

Things are getting worse for the employees of Ecolab Company, a manufacturer of sanitizer and detergents. The Ecolab company has decided to go for the layoff. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Ecolab which is going for layoffs. Ecolab Layoffs

How many employees will be fired in the Ecolab layoffs?
There will be around 1000 job cuts by the company.

What are the primary reasons for Ecolab layoffs?
Falling sales and reduction in demand is the main reason for this layoffs. The stagnant economy that has dramatically affected the company's restaurant and hotel customers.

Which location employees will be affected by the Ecolab layoffs?
100 employees will be fired in Minnesota. More than 50% of the layoffs will happen in the USA locations, while remaining will be at locations across Europe.

Any compensation or severence package offered for the affected employees of Ecolab layoffs?
Workers will get a minimum of three months of severance pay plus health insurance and outplacement aid.

How much saving is expected from the Ecolab layoffs?
Around 70 million USD to 80 million USD is expected to be saved by the company.

Any other news about Ecolab layoffs
Ecolab has navigated through the brutal economy with hiring freezes, waste reductions, product consolidations and other cost-saving measures. Let's hope that alternative jobs are available to the affected employees of Ecolab Layoffs Job Cut

Barnes & Noble Layoffs Job Cut: fires 100 employees

Things are getting worse for the employees of Barnes & Noble Company. The Barnes & Noble company has decided to layoff some 100 employees in its Head Quarters at New York. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Barnes & Noble going for layoffs. Barnes & Noble Layoffs

How many employees will be fired in the Barnes & Noble layoffs?
There will be around 100 job cuts by the company. This is the first time in the history that Barnes & Noble has gone for a layoff.

What are the primary reasons for Barnes & Noble layoffs?
Falling sales and reduction in demand is the main reason for this layoffs.

Which location employees will be affected by the Barnes & Noble layoffs?
The layoffs are learnt to have happened in New York headquarters.

What is the total no. of employees of the Barnes & Noble ?
The company employs about 2500 employees. That means around 4% of the employees are beign fired.

Any other news about Barnes & Noble layoffs
One news for respite is that company is not going to close down any of the 799 stores. Let's hope that alternative jobs are available to the affected employees of Barnes & Noble Layoffs Job Cut

GE Aviation Layoffs Job Cut: fires 1000 employees

Very recently, we had published the news about the GE Security Layoffs. Things are getting worse for the other division of the GE or General Electric Company employees. The GE Aviation company has decided to layoff some 1000 employees. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, GE Aviation going for layoffs. GE Aviation Layoffs

How many employees will be fired in the GE Aviation layoffs?
There will be around 1000 job cuts by the company.

What are the primary reasons for GE aviation layoffs?
Consolidation. GE is now working on plans which integrates the acquisition of Smiths Group Plc’s aerospace unit into GE avaiation. Falling sales and reduction in demand is another reason for this layoffs.

Which class or segment of employees will be affected by the GE Aviation layoffs?
Primarily, it will be the managers and salaried agency staff. To talk about the numbers, 300 managers will be made redundant while 150 salaried agency staff will also lose their jobs.

What is the total no. of employees of the GE Aviation ?
The company employs about 40000 employees.

Which locations employees will be affected in the GE Aviation layoffs?
Evendale, Ohio based employees will be affected.

Any other news about GE Aviation layoffs
GE Aviation produced a record 2,150 commercial engines in 2008 and has yet to receive a cancellation even with the two-year delay of Boeing’s 787 Dreamliner. Order and production figures include engines made by CFM International, the company’s joint venture with Safran SA of France. Let's hope that alternative jobs are available to the affected employees of GE Aviation Layoffs Job Cut

Jaguar Land Rover Layoffs Job Cut: fires 450 employees

It was in October that we had published the news about the Jaguar Land Rover Layoffs. Things are getting worse for the employees. The effects of mergers and acquisitions usually always result in layoffs. The reason, business is consolidated and hence there is not enough room for employees in various departments as the work consolidates. Its time for the London based employees of Jaguar Land Rover which was acquired by Tata group of India to feel the heat and learn it the hard way. The Tata controlled Jaguar Land Rover has decided to layoff some 450 employees. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Jaguar Land Rover going for layoffs in London. Jaguar Land Rover Layoffs

How many employees will be fired in the Jaguar Land Rover layoffs?
There will be around 450 job cuts by the company.

Which class or segment of employees will be affected by the Jaguar Land Rover layoffs?
Primarily, it will be the managers and salaried agency staff. To talk about the numbers, 300 managers will be made redundant while 150 salaried agency staff will also lose their jobs.

What is the total no. of employees of the Jaguar Land Rover ?
The company employs about 15000 employees.

Which locations is the Jaguar Land Rover based in?
The firm is based in Gaydon, Warwickshire. However, it has work location in Castle Bromwich, Coventry and Solihull in the West Midlands and Halewood, Merseyside.

Any other measures by Jaguar Land Rover apart from layoffs?
Yes. Jaguar Land Rover said that there will no pay hikes for the managers till October 2009 and there will be no bonuses paid.

Any other news about Jaguar Land Rover layoffs
Land Rover sales were down by 30% throughout 2008 although Jaguar's sales rose by almost 9% over the same period, which the company put down to its new XF model launched last year. Let's hope that alternative jobs are available to the affected employees of Jaguar Land Rover Layoffs Job Cut

Merrill Lynch Bank of America Layoffs Job Cut: fires 1900 London employees

The effects of mergers and acquisitions usually always result in layoffs. The reason, business is consolidated and hence there is not enough room for employees in various departments as the work consolidates. Its time for the London based employees of Merrill Lynch which was acquired by Bank of America to feel the heat and learn it the hard way. The Bank of America controlled Merrill Lynch has decided to layoff some 1900 employees. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Merrill Lynch Bank of America going for layoffs in London. Merrill Lynch Bank of America Layoffs

How many employees will be fired in the Merrill Lynch Bank of America layoffs?
There will be around 1900 job cuts by the company. This will be biggest single job cut by any company in recent times in London. That will constitue 30% of the employee strength in Merrill.

Any other measures by Merrill Lynch Bank of America apart from layoffs?
Yes. Merrill Lynch Bank of America said that it will reeze 2009 salaries for employees who are not officers. Also, there will be a 10 % pay cut for 45 of its white collar officers.

When will the Merrill Lynch Bank of America layoffs happen?
Some departments have already started the job cuts - like the Commodities trading department has already asked employeees to go. Other major job cuts will happen by the end of April 2009. BoA is said to have plans for cutting 30000 jobs across the globe in 3 years time.

Will there be any office closed by Merrill Lynch Bank of America?
No confirmed news yet.

How much savings can be achieved through Merrill Lynch Bank of America layoffs?
Around 7 billion USD or 4.8 billion GBP are expected to be saved through the job cuts.

Any other news about Merrill Lynch Bank of America layoffs
BoA and Merrill have together received about $25 billion from the Tarp, the US fund created to bail out troubled banks. Let's hope that alternative jobs are available to the affected employees of Merrill Lynch Bank of America Layoffs Job Cut

Cummins Layoffs Job Cut: fires 800 employees, cuts pay

The manufacturing company Cummins of USA has decided to layoff some 800 workers. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Cummins, which is a US-based manufacturer of engines for large trucks and power generators and has decided to go for layoffs. Cummins Layoffs

How many employees will be fired in the Cummins layoffs?
There will be around 800 job cuts by the company. So since the start of the 4th quarter, the total no. of layoffs by the company stand at 1400 people, which is like 10% of the employee strength.

Any other measures by Cummins apart from layoffs?
Yes. Cummins said that it will reeze 2009 salaries for employees who are not officers. Also, there will be a 10 % pay cut for 45 of its white collar officers.

When will the Cummins layoffs happen?
The layoffs are scheduled for the year 2009, but no concrete information is available about the exact dates.

Will there be any plants closed by Cummins?
No confirmed news yet.

Which division or segment of employees will be affected by the Cummins layoffs
Cummins has also laid off about 700 manufacturing workers over the past few months. Altogether the company employs about 40,000 people worldwide.

Any other news about Cummins layoffs
The company will offer retirement packages to some employees and lay off additional workers
Let's hope that alternative jobs are available to the affected employees of Cummins Layoffs Job Cut

Kennametal Layoffs Job Cut: fires 1200 employees

The Kennametal has decided to layoff some 1200 workers. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Kennametal, which is a Latrobe-based manufacturer of industrial tools and specialty metals and has decided to go for layoffs. Kennametal Layoffs

How many employees will be fired in the Kennametal layoffs?
There will be around 1200 job cuts by the company.

When will the Kennametal layoffs happen?
The company will reduce its global salaried workforce by 800 positions within the next three to six months. Another 400 position will be eliminated in April 2009.

Will there be any plants closed by Kennametal?
No confirmed news yet. However, the news is that Only layoffs are planned as of now.

Which locations or plants will be affected by the Kennametal layoffs
The job cuts include 90 employees at its headquarters and 60 across the company’s Bedford, New Castle and Irwin locations. Kennametal employs about 1,600 in Pennsylvania, and 14,000 worldwide.

What are the primary reasons of Kennametal layoffs?
The company is going for restructuring, and hence the 1200 job cuts at Kennametal are being justified as a part of this restructuring exercise.

What is the total number of employees of Kennametal?
Kennametal has around ,600 in Pennsylvania, and 14,000 employees worldwide.

How much savings are expected by Kennametal layoffs?
Around 100 million dollars worth of pre-tax savings are expected annually.

Any other news about Kennametal layoffs
The company had plans to layoff 1,125 employees. But the company has ended up firing 1,380 employees, or about 30 percent of its total workforce.
Let's hope that alternative jobs are available to the affected employees of Kennametal Layoffs Job Cut

Hutchinson Technology Layoffs Job Cut: fires 275 employees

The Hutchinson Technology has decided to layoff some 275 workers. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Hutchinson Technology, which has decided to go for layoffs. Hutchinson Technology Layoffs

How many employees will be fired in the Hutchinson Technology layoffs?
There will be around 275 job cuts by the company.

Will there be any plants closed by Hutchinson Technology?
No confirmed news yet. However, the news is that Only layoffs are planned as of now.

Which locations or plants will be affected by the Hutchinson Technology layoffs
The job cuts will take place at Sioux Falls. After the job cuts only 300 employees will be left on jobs at the plant.

What are the primary reasons of Hutchinson Technology layoffs?
The primary reason for layoffs is the declining sales and demand for Hutchinson Technology. It has reported declining shipments of its suspension assemblies for disk drives which indicate falling market share.

Any other news about Hutchinson Technology
The company had plans to layoff 1,125 employees. But the company has ended up firing 1,380 employees, or about 30 percent of its total workforce.
Let's hope that alternative jobs are available to the affected employees of Hutchinson Technology Layoffs Job Cut

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