TCS Layoffs Job Cut possible & No salary hike this year: S Ramadorai

The news is not good for the employees of TCS, which is one of the major IT or Information Technology companies in India. The managing director of TCS, S Ramadorai, has reported that there may be job cuts or layoffs at TCS or Tata Consultancy Services, if the economic situation worsens. The recession is taking a toll on all sectors. This latest development by TCS may be setting the benchmark for the rest of the IT industry in India. TCS Logo

The Indian Corporate leaders know the how important is the timing and they are experts in timing their announcements to the best of benefits. It is a well known fact that employees in India have their financial year from April to March, and the salary hikes, if any, are given in March to April time. So this is the time when the employees will be expecting some good bonus and salary hikes and the timing of such a comment is just right to set the tone. The biggest concern here is that TCS is the major IT company of India (and the world) and other small and medium size companies tend to follow the leaders. Now, if TCS goes for a no salary hike, then most of the industry might see that pattern.

It is equally true that the world is in recession and the IT companies in India have a major dependence on foreign conditions hence their work in getting impacted and so are the profits. Another problem has been with the heavily fluctuating USD-INR forex or foreign exchange prices, which causes a lot of problems in hedging and affects the balance sheets of the companies.
Then comes the other effects, like that of Satyam frauds, which have tarnished the image of the Indian Corporate World. So, though the heads of the IT companies may be trying hard, they are also bound by the economic constraints.

As far as the salary hike or pay hike is concerned, it is made clear by S Ramadorai that there will be No Salary hike for TCS employees this year.

What is the total no. of employees of TCS?
Total No. of employees of TCS is around 130,000 as of now, worldwide.

Which locations will be affected by the TCS Job Cuts?

Any other news about TCS layoffs
  As per IndiaTimes, Adding further that TCS has frozen "lateral intake" he said the company is reviewing variable pay component on employee salaries. The variable pay component of TCS employees differs between 22 per cent and 35 per cent of his/her gross salary, depending on employee rank, he said. Ramadorai said the company is also looking into all aspects of cost reduction, including capex and infrastructure
Latest: TCS fires 1000 in Chennai, 1300 job cuts in 2009

Nortel Layoffs Job Cut: fires 3200 employees

The news is not good for the employees of Nortel, which used to be a major telecom instruments business company in the market, but now declared bankrupt. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Nortel. Nortel Layoffs

How many employees may be fired in the Nortel layoffs?
There could be around 3200 layoffs by the Nortel organization. This will be in addition to the 1800 job cuts company has already made.

What is the total no. of employees of Nortel?
Total No. of employees of Nortel is around 30,000 as of now. In Canada, it has around 6000 employees.

Which locations will be affected by the Nortel Job Cuts?
No detailed information is available location wise.

When will the Nortel layoffs happen?
THough there are no confirm dates about when the layoffs will be made, but it is learnt that they will be done as soon as possible.

How much savings can be made by the company from the layoffs?
No info about that.

What is the primary reasons for Nortel layoffs?
Major reason are because of the restructuring efforts due to poor economy & challenging economic conditions. The layoffs are done in a bid to reduce costs.

Any other news about Nortel layoffs
As per The Star, Nortel said its board had approved changes to the company's compensation programs. They include a decision to no longer pay bonuses to managers under Nortel's annual incentive plan and to seek permission from the courts to terminate its equity-based compensation plans. Full and part-time employees will still be eligible for performance incentives paid on a quarterly basis
   Let's hope that alternative jobs are available to the affected employees of Nortel Layoffs Job Cut

Dow Corning Layoffs Job Cut: fires 800 employees

The news is not good for the employees of Dow Corning. The recession is taking a toll on all sectors. The latest addition to the list of companies going for layoffs is the Dow Corning. Dow Corning Layoffs

How many employees will be laid off by Dow Corning?
There could be around 500 layoffs by the Dow Corning organization. This will be around 8% of the global workforce of Dow Corning.

What is the total no. of employees of Dow Corning?
Total No. of employees of Dow Corning is around 10,000 as of now.

Which locations will be affected by the Dow Corning Job Cuts?
No detailed information is available location wise, but it is learnt that the layoffs will be on a global basis.

When will the Dow Corning layoffs happen?
The layoffs will be done in the first six months of 2009.

How much savings can be made by the company from the layoffs?
Non info about that.

What is the primary reasons for Dow Corning layoffs?
Major reason are because of the poor economy & challenging economic conditions. The layoffs are done in a bid to reduce costs.

Any other news about Dow Corning layoffs
As per MSN MOney, There will be a combination of voluntary retirement programs and involuntary layoffs.
   Let's hope that alternative jobs are available to the affected employees of Dow Corning Layoffs Job Cut

Vodafone Layoffs Job Cut: fires 500 employees in UK

The news is not good for the employees of Vodafone UK, which is a major mobile phone player in the market. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Vodafone. Vodafone Layoffs

How many employees will be laid off by Vodafone?
There could be around 500 layoffs by the Vodafone organization. This will be all across UK.

What is the total no. of employees of Vodafone?
Total No. of employees of Vodafone is around 10,000 as of now.

Which locations will be affected by the Vodafone Job Cuts?
There are 170 job cuts in headquarters at Newbury. Remaining job cuts will be made all across the country.

When will the Vodafone layoffs happen?
Some employees have already been asked to leave, while some others will be laid off in the span of next 6 weeks.

How much savings can be made by the company from the layoffs?
The annual operating costs are expected to be reduced by £1 billion by 2011.

What is the primary reasons for Vodafone layoffs?
Major reason are the challenging economic conditions. The layoffs are done in a bid to reduce costs.

Any other news about Vodafone layoffs
As per getreading, HR director Matthew Brearley said: "We would be making organisational changes anyway, but it might not have been to the same extent."Customers are being much more prudent, businesses and big organisations are saving money."What we do know is the recession has made more difficult what is already a tough, competitive market. "We’re not closing any function, operation or location. It is at all levels and is not targeted at any particular level.
   Let's hope that alternative jobs are available to the affected employees of Vodafone Layoffs Job Cut

Georgia State furloughs Leave without pay: may furlough 25000 employees

The news is not good for the employees of Georgia State, which recently confimed the news that it may furlough jobs of nearly 25,000 workers - which means workers will be asked to take Leave without Pay. The recession is taking a toll on all sectors. The latest additon to the list of companies going for furlough is the Georgia State. Georgia State furloughs

How many employees may be furloughed in the Georgia State?
There could be around 25000 furloughs by the organization. This will constitute nearly 27% of the total employee strength.

What is the total no. of employees of Georgia State?
Total No. of employees of Georgia State is around 90,000 as of now.

Which locations will be affected by the Georgia State furloughs?
Since this it is a state, the furlough exercise will be a state wide exercise.

When will the Georgia State furloughs happen?
The organization is said to take on the furlough exercise over the next 6 months.

How much savings can be made by the company from the furloughs?
No information is available about the savings to be made, but it is said that this will result in massive savings and cost cutting.

What is the primary reasons for Georgia State furloughs?
Major reason are the challenging economic conditions. The state is really running short of cash and the budget deficit has gone huge.

Any other news about Georgia State furloughs
As per CNN, Apart from Georgia, some 8 more states have gone for furlough exercises, including California and Maryland. The duration of the furloughs varied from agency to agency, but most were limited to one day off per month, Schrimph said.
   Let's hope that the situation becomes better for the affected employees of Georgia State furloughs

Lonmin Layoffs Job Cut: may fire 5500 employees

The news is not good for the employees of Lonmin Corporation, which is reported to be the 3rd largest primary producer of platinum. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Lonmin. It the Lonmin Company, which have decided to go for the layoff. The layoffs are said to be a part of the restructuring exercise at Lonmin. Lonmin Layoffs

How many employees may be fired in the Lonmin layoffs?
There could be around 5500 job cuts by the company.

What is the total no. of employees of Lonmin?
Total No. of employees of Lonmin is not known as of now.

Which locations will be affected by the Lonmin Job Cuts?
Marikana and Limpopo operations facility will be affected. As per the news, 4,000 jobs may go at Marikana, and it will lay off around 1,500 workers at its Limpopo operations and place the Baobab shaft on care and maintenance.

When will the Lonmin layoffs happen?
No infomration as of yet, but the company is expected to come out with the details on May 11, when it will declare interim results.

How much savings can be made by the company from the layoffs?
No information is available about the savings to be made.

What is the primary reasons for Lonmin layoffs?
Major reason are the challenging economic conditions. Declining demand, no fresight of economic revival is the also a reason quoted by the company for layoffs.

Any other news about Lonmin layoffs
As per MarketWatch, the company has alread had talks regarding these restructuring plans with the recognized union regarding the layoffs. Hence, it is learnt that layoffs are now inevitable.
   Let's hope that alternative jobs are available to the affected employees of Lonmin Layoffs Job Cut

Nokia Layoffs Job Cut: fires 1000 employees through voluntary departures

The news is not good for the employees of Nokia Corporation, the global leader firm in the business of cell phones or mobile phones and accessories. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Nokia. No one seems to be shielded from the effect of recession. It the Nokia Company, which have decided to go for the layoff. The layoffs are said to be a part of the restructuring exercise at Nokia. Nokia Layoffs

How many employees will be fired in the Nokia layoffs?
There could be around 1000 job cuts by the company. This will be around 16% of the total employee workforce.

What is the total no. of employees of Nokia?
Total No. of employees of Nokia is not known as of now.

How are the Nokia job cuts or layoffs structured?
The layoffs at Nokia are said to be part of the restructuring. These will be a part of the Voluntary Resignation Package.

When will the Nokia layoffs happen?
Since the layoffs will be a part of the Voluntary Resignation Package, the application period will be from March 2009 to until 1000 employees have opted for it and will close on May 31, 2009

Which location will be affected by the layoffs?
No information is available location wise, but it is learnt that this will be done on a global basis.

How much savings can be made by the company from the layoffs?
No information is available about the savings to be made.

What is the primary reasons for Nokia layoffs?
Major reason are the efforts by the company to increase cost-efficiency and adapt to the challenging market environment. Declining demand, no fresight of economic revival is the also a reason quoted by the company for voluntary layoffs.

Any other news about Nokia layoffs
As per "As part of its previously announced plans to increase cost-efficiency and adapt to the challenging market environment, Nokia today announced new voluntary measures aimed at reducing personnel-related costs and lessening the need for involuntary redundancies," the company said in a statement.
Let's hope that alternative jobs are available to the affected employees of Nokia Layoffs Job Cut

Russel Metals Layoffs Job Cut: fires 500 employees

The news is not good for the employees of Russel Metals Corporation, the firm in the business of steel products. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Russel Metals. No one seems to be shielded from the effect of recession. It the Russel Metals Company, which have decided to go for the layoff. Not only that, the company has also slashed the dividend to 50% Russel Metals Layoffs

How many employees will be fired in the Russel Metals layoffs?
There could be around 500 job cuts by the company. This will be around 16% of the total employee workforce.

What is the total no. of employees of Russel Metals?
Total No. of employees of Russel Metals is around 3000 as of now.

When will the Russel Metals layoffs happen?
Though the dates of layoff are not certain, it is learnt that the layoffs will be done by end of March 2009

Which location will be affected by the layoffs?
No information is available location wise.

How much savings can be made by the company from the layoffs?
Around $25 million a year can be saved in operating costs.

What is the primary reasons for Russel Metals layoffs?
Major reason are the bad financial results of the company. Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs. The company cited lower steel prices, rising energy costs and the rapidly plunging steel market in the last two months for the moves.

Any other measures taken by the company?
Yes. There will be a pay cut or salary cut - 10 per cent cut to executive and white collar pay

Any other news about Russel Metals layoffs
As per Toronto CTV, Monday's cuts came as Russel Metals reported higher profits in the fourth quarter ended Dec. 31, when it earned $29 million or 48 cents a share. That was up from $25.3 million or 38 cents a share for the same year-ago period. Three-month revenues soared to $842.7 million from $598.4 million. For the full 2008 year, the company more than doubled its profits to $228.5 million from $111.2 million while annual revenues increased to nearly $3.4 billion from just under $2.6 billion. President and CEO Bud Siegel said the company is "proud of our record earnings for 2008."
Let's hope that alternative jobs are available to the affected employees of Russel Metals Layoffs Job Cut

Hewlett-Packard HP Salary Cut to avoid layoffs

The news is not good for the employees of Hewlett-Packard HP Corporation, the firm in the business of computer and related accessories & products. The recession is taking a toll on all sectors. The latest additon to the list of companies getting directly or indirectly affected is the Hewlett-Packard HP. No one seems to be shielded from the effect of recession. It the Hewlett-Packard HP Company, which have decided to go for salary cut or pay cut, to avoid the layoff. Hewlett-Packard HP Layoffs

How many employees salary or pay will be cut by Hewlett-Packard HP ?
Around 100,000 employees salary will be cut as per the latest news available.

How is the pay cut for Hewlett-Packard HP structured?
HP CEO, mark Hurd's salary will be cut by 20%. Also cut will be Executive Council members base pay, which will be reduced by 15 percent, 10 percent for other executives, 5 percent for exempt employees and 2.5 percent for non-exempt employees. Other benefits like 401K plans will also be cut.

Is the pay cut by Hewlett-Packard HP confirmed?
Yes. It seems that there is a memo sent to the employees by Mark regarding the same.

What is the primary reasons for Hewlett-Packard HP salary cut?
Major reason are the bad financial results of the company. Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs.

Any other news about the memo for salary cut by Hewlett-Packard HP?
As per WebGuild, below is the memo sent to the employees:
Today, HP announced first quarter results amid one of most difficult economic downturns that any of us has ever faced. I am proud to say that we continue to execute well in this very challenging environment.

We grew revenue 1 percent year-over-year, or 4 percent in local currency, and you need to look at these numbers a little differently this quarter. For the first time in a long time, the dollar was strengthening, so the currency conversion was actually a headwind for us. We also continued to show strong operating leverage with non-GAAP operating profit up 10 percent year-over-year. This was a solid performance, and I thank all of you for your efforts.

But really, Q1 was like a tale of two companies.

HP Services — as a result of EDS and TS — had a strong quarter, delivering virtually all of the local currency revenue growth and more operating profit than any other business. It’s gratifying, because this performance was possible because of the hard work we’ve been doing to restructure those businesses.

When you take HP services out of the mix, it’s a very different picture. PSG had revenue down 19%. ESS had revenue down 18%. IPG had revenue down 19%. In fairness, across IT and even other industries, product businesses are struggling in this economic climate. And we did gain share in key market segments. PSG and ESS gained roughly 1 and 3 points of share, respectively. In IPG, quite frankly, we still have work to do across a number of dimensions like inventory, both owned and channel inventory.

In an environment like this, there’s no margin for error and no tolerance for inaction. To give you a little insight into my world, after we report our earnings, we engage in a dialogue with analysts and investors. They’re going to ask what we’re doing in light of the current environment to right-size these businesses.

The math is pretty straight forward. From a productivity standpoint, you’re supposed to reduce headcount on par with declining revenue. If you believe the environment isn’t going to improve, you should take a bigger cut to get in front of the problems. You can do the calculation, as easy as I can. We have about 100,000 people in our product businesses, with revenue down roughly 20%, and an environment that may not get any better in 2009.

I’ll be asked by investors, "Where’s the job action, where are you taking out this roughly, 20,000 positions?" Well, I don’t want to do that. When I look at HP, I don’t see a structural problem of that magnitude. There are pockets where restructuring needs to happen, and areas where actions will be taken as part of our ongoing workforce optimization process. But at a company-wide level, I don’t believe a major workforce reduction is the best thing for HP at this time.

I think we are fundamentally sound, and when the economy picks up, I want HP to be strong, and to take share and to outgrow the market. I said it last quarter, my goal is to keep the muscle of this organization intact. But we do have to do something…because the numbers just don’t add up and we need to have the flexibility to make the right long-term investments for HP.

So we are going to take action. We have decided to further variablize our cost structure by reducing base pay and some benefits across HP. My base pay will be reduced by 20 percent. The base pay of Executive Council members will be reduced by 15 percent. The base pay of other executives will be reduced by 10 percent. The base pay of all other exempt employees will be reduced by 5 percent. For non-exempt employees, base pay will be reduced by two-and-a-half percent. Additional efficiencies, including changes to the US 401(K) plan and the share ownership plan, will also be implemented. Of course, the implementation of all of these actions is subject to compliance with local laws and regulations. Follow-up communications will detail the timing and the plans in your location.

This does not change our pay-for-performance strategy at HP. If we outperform, and there is a chance we will, then we will increase the total amount of variable pay. In fact, the financial flexibility we’re gaining helps put us in a better position to compete and to win in the marketplace, and fund the bonus program this year based on pre-adjusted salaries. If the company performs well, if our individual businesses perform well and if you perform well, then you could potentially make up the difference with your bonus. I can’t promise you anything, but I tell you…there is a chance…if we get this right.

To be clear, these actions don’t make up for all of the decline in revenues. We’re also benefiting from the tough actions we’ve taken over the last few years. People always asked, "Why are we so focused on getting costs out in good times?" Now…is why that work was so important. We’ve been able to bank some of those savings, and we’re making a withdrawal, which along with the actions we’re taking today, I hope, will get us through this recession.

Again, there are no guarantees. If the environment gets worse, if the downturn lasts longer than we’re assuming, if our performance declines, we’ll have to reassess. But for now I believe this is the right thing for the strength of HP.

I know this is a tough time. But if we get this right, HP can be the kind of company that not only has led, but will extend its leadership. We can emerge from this recession in a powerful position to create value for our customers, our shareholders and our people for years to come.

Thank you.
Mark

Goodyear Layoffs Job Cut: fires 5000 employees

The news is not good for the employees of Goodyear PLC Corporation, the firm in the business of tyre and rubber products. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Goodyear. No one seems to be shielded from the effect of recession. It the Goodyear Company, which have decided to go for the layoff. Goodyear Layoffs

How many employees will be fired in the Goodyear layoffs?
There could be around 5000 job cuts by the company. These will be in addition to the job cuts announced by the company last year.

What is the total no. of employees of Goodyear?
Total No. of employees of Goodyear is not known as of now.

When will the Goodyear layoffs happen?
Though the dates of layoff are not certain, it is learnt that the layoffs will happen in the year 2009

Which location will be affected by the layoffs?
400 positions at a factory in Danville, Va. Other locations will also be affected and that may depend on the union vote.

How will the company go ahead with the layoff program?
Apart from the layoffs, there will be a global salary freeze for the employees.

What is the primary reasons for Goodyear layoffs?
Major reason are the bad financial results of the company. Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs.

Any previous layoffs by the company?
Yes. The company had laid off 4000 workers in the year 2008.

Any other news about Goodyear layoffs
As per CNN, The company reported a worse-than-expected net loss of $330 million, or $1.37 per share. Analysts had expected a loss of $1.02 per share. Noting the recent closing of a Goodyear plant in Australia, Keegan said he plans to place 50% of the company's production in "low-cost countries" by 2012, compared to the current level of 43%.
Let's hope that alternative jobs are available to the affected employees of Goodyear Layoffs Job Cut

Anglo American Layoffs Job Cut: fires 19000 employees

The news is not good for the employees of Anglo American PLC Corporation, the firm in the business of mining. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Anglo American. No one seems to be shielded from the effect of recession. It the Anglo American Company, which have decided to go for the layoff. Not only that, the company is also learnt to have suspended the payment of dividend due to mounting losses Anglo American Layoffs

How many employees will be fired in the Anglo American layoffs?
There could be around 19000 job cuts by the company. That constitutes around 10% of the total Anglo American workforce.

What is the total no. of employees of Anglo American?
Anglo American has a total employee strength of 190,000.

When will the Anglo American layoffs happen?
Though the dates of layoff are not certain, it is learnt that the layoffs will happen as soon as possible.

Which location will be affected by the layoffs?
No confirm news is available about the locations affected by the layoff decision of Anglo American.

How will the company go ahead with the layoff program?
The layoffs will be implemented through layoffs, natural attrition and scaling back contractor arrangements.

What is the primary reasons for Anglo American layoffs?
Major reason are the bad financial results of the company, especially in contrast to what it had in the first half of the year. Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs.

Any previous layoffs by the company?
No such news is available as of now.

Any other news about Anglo American layoffs
As per "The breadth and severity of the global economic downturn and its impact on growth rates in key sectors and economies are difficult to overstate," said Chief Executive Cynthia Carroll. The company had previously announced that it was slashing capital expenditure this year by more than half, to $4.5 billion. Operating profit in the base metals division — including copper, nickel and zinc — were down 42 percent in 2008, the company said. Base metals contributed 45 percent of Anglo American's operating profit in 2007. Operating profit for platinum declined 17 percent
Let's hope that alternative jobs are available to the affected employees of Anglo American Layoffs Job Cut

Satyam Layoffs Job Cut Rumors: may fire 14000 employees

The news is not good for the employees of Satyam, the firm which has recently made news as being the one to be headed by Ramalinga Raju, who confessed to be one of the biggest scamsters of Indian Corporate World. An Email is said to be sending shockwavews to the exisiting Satyam Employees. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs may be the Satyam Company. No one seems to be shielded from the effect of recession. Satyam Layoffs

How many employees will be fired in the Satyam layoffs?
As per the mail circulated among the company's associates, there could be around 13,500 to 14,000 job cuts by the company. That constitutes 14% to 15% of the total Satyam workforce.

What is the total no. of employees of Satyam?
It is learnt that Satyam has a total employee strength of around 55,000 worldwide.

When will the Satyam layoffs happen?
Though the dates of layoff are not certain, the rumors are that Satyam Layoffs may happen in next one month.

Which location will be affected by the layoffs?
No such information is available about the locations of the layoffs, but since it is reported in the email that the layoffs by Satyam may happen in 50 to 60 phases, it is learnt that all the locations may be affected.

Which domains will be afftected by Satyam layoffs?
Microsoft domain may see 900 layoffs, Same with java which may see 900 job cuts. Other biggie would be the mainframe department which may see 800 job cuts.

What is the primary reasons for Satyam 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. There were some news of Satyam layoffs in 2008. Links are here (September 2008) and here (November 2008)

Any other news about Satyam layoffs
As per IndiaTimes, Though the authenticity of the mail could not be established by the staffers, it has become a matter of concern, especially for those on the bench. This is primarily because the mail includes information that is usually available only to senior HR and management officials. "The mail is rather elaborate and has data that only very senior employees have access to," said an associate. He added that such details regarding the number of domains and the headcount of employees working in each domain is available only on the 'Shine' database that can be accessed by just one group of very senior employees.
However, on receiving this mail when associates who are part on these domains approached senior managers and the HR department they were assured that the company was planning no such large-scale firing and that the content of the mails were absolutely bogus.
Let's hope that alternative jobs are available to the affected employees of Satyam Layoffs Job Cut, if they happen

UBS Layoffs Job Cut: may fire 5000-8000 employees

Another set of rumors or speculation of layoffs, another company from the financial sector may join the group of companies to go for layoffs. if we go by the speculations, then the firm UBS, may have to go for UBS Lay offs or UBS Job Cuts. All this is curtesy to the expected huge losses that the newspapers and market analysts are expecting.UBS Layoffs

How many employees may be fired by UBS layoffs?
As per Sonntag, there may be a job cut of around 5000-8000 employees. However, NZZ expects that the no. of job cuts at UBS may be between 2000-3000 employees.

How many employees does UBS have?
The total no. of employees at UBS is not known as of now.

Any news of previous layoffs by the company
Yes. UBS has been reported to layoff employees in recent times in last year of 2008.

Which locations will be affected by the UBS Layoffs?
No such information is available. It's all based upon the reports quoted by certain newspapers expecting mounting losses by UBS.

Which segment of employees will be affected by the UBS layoffs
No news about that. But it is forecasted that there will be big reductions in the banks' wage bills as bonuses are cut back.

How much savings can be made by UBS Layoffs?
This will be conirmed if the bank goes for a layoff, and what reports come in. UBS will announce its annual results on February 10. It is expected that the salary or wage amount will be cut by 8 billion Swiss francs.

When will the UBS layoffs happen
No news about that.

What are the primary reasons of UBS Layoffs rumors?
Primary reason is the declining market sales and economic downturn. Losses at the biggest bank and world's largest wealth manager, UBS, will range from 20 billion to 21 billion Swiss francs ($17-18 billion), including, according to NZZ am Sonntag, a 9 billion franc loss in the fourth quarter.

Any other news about UBS?
As per Reuters News,NZZ said UBS deputy chairman Sergio Marchionne, who is also chief executive of Italian auto group Fiat SpA (FIA.MI), was questioning the ability of Chief Executive Marcel Rohner to lead the bank through the crisis.
Let's hope that alternative jobs are available to the affected employees of UBS Layoffs Job Cut, if they happen

International Rectifier IR Layoffs Job Cut: fires 850 employees

Seems like the doomsday has arrived for the El Segundo-based maker of computer chips, International Rectifier. The news is not good for the employees of International Rectifier. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm International Rectifier, has decided to go for International Rectifier Lay offs or International Rectifier Job Cuts. International Rectifier Layoffs

How many employees may be fired by International Rectifier layoffs?
The news is that around 850 employees will be made jobless at International Rectifier.

How many employees does International Rectifier have?
The total no. of employees at International Rectifier is around 4,500 full time total work force globally. Around 600 of them are in El Segundo.

Any news of previous layoffs by the company
No. There is no news about any previous layoffs by International Rectifier.

Any plants or locations being closed by International Rectifier?
It is learnt that the cuts will include a research and development facility in El Segundo that employs about 70 people. The El Segundo fabrication plant will close in stages through December 2010, and the work will move to Temecula factory.

Which locations will be affected by the International Rectifier Layoffs?
The research and development facility in El Segundo will be affected.

Which segment of employees will be affected by the International Rectifier layoffs
The administrative staff at the headquarters will be affected..

How much savings can be made by International Rectifier Layoffs?
Around $33 million USD a year are expected to be saved by the company.

When will the International Rectifier layoffs happen
Around 50% of the total layoffs are already complete and the job cuts are reported to begin in July.

Any severance package for the affected employees?
Yes. Company has mentioned that around 10 million $ will be the cost for severance package for the laid off employees.

What are the primary reasons of International Rectifier Layoffs
Primary reason is the declining market sales and economic downturn.

Any other news about International Rectifier?
As per DailyBreeze News,Consolidation of work from another production facility in Newport, Wales, will save an additional $8 million a year.
El Segundo Mayor Kelly McDowell said IR's cuts did not surprise him, considering the company's losses and the general economic climate, which prompted Boeing Co. and Mattel Inc. to lay off workers last year in the city.
Let's hope that alternative jobs are available to the affected employees of International Rectifier Layoffs Job Cut.

Sharp Layoffs Job Cut: fires 1500 contract employees

Seems like the doomsday has arrived for the Japanese electronics company Sharp. The news is not good for the employees of Sharp, the world’s leading electronics manufacturing company. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Sharp, has decided to go for Sharp Lay offs or Sharp Job Cuts. Sharp Layoffs

How many employees may be fired by Sharp layoffs?
The news is that around 1500 employees will be made jobless at Sharp.

How many employees does Sharp have?
The total no. of employees at Sharp is around 56,000 full time total work force globally.

Any news of previous layoffs by the company
No. There is no news about any previous layoffs by Sharp.

Any plants or locations being closed by Sharp?
No such news as of now.

Which locations will be affected by the Sharp Layoffs?
No details are available about the specific locations with respect to the job cuts.

Which segment of employees will be affected by the Sharp layoffs
The company has mentioned that only the temporary contract workers will be affected, as their contracts will not be renewed by the company.

How much savings can be made by Sharp Layoffs?
No information about that.

When will the Sharp layoffs happen
No news about that, except that the contracts will not be renewed, as and when they end.

Any severance package for the affected employees?
No info available, but since the layoffs is for contract workers, it is understood that no severance package will be applicable.

What are the primary reasons of Sharp Layoffs
The company has incurred losses for the first time in nearly 60 years of history. The costs to restructure its flat-panel display business, together with losses in its stock holdings and regulatory fines would lead to a net loss of 100 billion yen. Hence, the temporary contract workers will be loosing their jobs.

Any other news about Sharp?
As per SeattleTimes News,Sharp, Japan's largest maker of mobile phones, said phone sales have fallen due to the slumping domestic market. Foreign exchange also hurt the company during the quarter, as the strong yen cut profits on products sold abroad.
It plans to slash expenses by 200 billion yen over the next two years, including cutting the salaries of executives and managers. The company will also reorganize its LCD factories and reassign some workers
Let's hope that alternative jobs are available to the affected employees of Sharp Layoffs Job Cut

Emerson Electric Layoffs Job Cut: fires 14000 employees

Seems like the doomsday has arrived for the St. Louis-based company Emerson Electric employees. The news is not good for the employees of Emerson Electric, the world’s largest maker of power equipment for oil companies. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Emerson Electric, has decided to go for Emerson Electric Lay offs or Emerson Electric Job Cuts. Emerson Electric Layoffs

How many employees may be fired by Emerson Electric layoffs?
The news is that around 14000 employees will be made jobless at Emerson Electric.

How many employees does Emerson Electric have?
The total no. of employees at Emerson Electric is not known as of now. However, the target of teh company is to bring the workforce to 120,000 by September 2009. The company had 141,000 workers on Oct. 1, 2008,

Any news of previous layoffs by the company
Yes. around 7000 jobs were cut by Emerson last year in October.

Any plants or locations being closed by Emerson Electric?
No such news as of now.

Which locations will be affected by the Emerson Electric Layoffs?
No details are available about the specific locations with respect to the job cuts.

How much savings can be made by Emerson Electric Layoffs?
There will be charges between $175 million and $200 million this year up from as much as $90 million last year.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Emerson Electric Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.

Any other news about Emerson Electric?
As per Bloomberg News, Emerson said Feb. 3 that sales may fall as much as 8 percent this year amid a global recession and credit crisis. Full-year earnings will likely fall to $2.70 to $2.95 a share from $3.11 a share in fiscal year 2008
Let's hope that alternative jobs are available to the affected employees of Emerson Electric Layoffs Job Cut

New Process Gear NPG Magna Layoffs Job Cut: may fire 1400 employees, closes DeWitt Plant

Seems like the doomsday has arrived for the New Process Gear NPG employees. The news is not good for the employees of New Process Gear NPG. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm New Process Gear NPG, has decided to go for New Process Gear NPG Lay offs or New Process Gear NPG Job Cuts. New Process Gear NPG Magna Layoffs
How many employees may be fired by New Process Gear NPG layoffs?
The news is that around 1400 employees will be made jobless at New Process Gear NPG as the company has decided to close down the DeWitt Plant.

How many employees does New Process Gear NPG have?
The total no. of employees at New Process Gear NPG is not known as of now.

Any news of previous layoffs by the company
No news about any previous layoff by the company.

Any plants or locations being closed by New Process Gear NPG?
Yes. The company will close the DeWitt Plant.

Which locations will be affected by the New Process Gear NPG Layoffs?
All jobs affected will be from DeWitt Plant.

Which segment of employees will be affected by the New Process Gear NPG layoffs
Since an entire plant is set to close, all the employees at the plant are expected to be affected.

How much savings can be made by New Process Gear NPG Layoffs?
No news is available about the savings and charges by the layoffs, if they happen.

When will the New Process Gear NPG layoffs happen
Though there are no details about the exact dates of DeWitt plant closure, the employees are already getting worried. However, as per the rules of the state, a 90 day notice is expected from the employer, so the employees have the jobs for atleast 90 days.

Any severance package for the affected employees?
No info available.

What are the primary reasons of New Process Gear NPG Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.

Any other news about New Process Gear NPG?
As per 9wsyr News, Trucking has been Stan Edinger's business for 45 years. It's a family one, and it took a tremendous hit when Carrier shut down.
“That hurt us bad, because we hauled out of there for 32 years,” says Edinger.
Edinger scrambled to find new contracts to stay alive, and learned an important lesson. “Nothing's forever. I don't care what it is or who it is, nothing is forever,” he says.
Let's hope that alternative jobs are available to the affected employees of New Process Gear NPG Layoffs Job Cut

ON Semiconductor Layoffs Job Cut: fires 350 employees, closes Valley Plant

Seems like the doomsday has arrived for the ON Semiconductor employees. ON Semiconductor Systems is a leading worldwide manufacturer of filters, diodes, rectifiers and transistors for electronic device. The news is not good for the employees of ON Semiconductor. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm ON Semiconductor, has decided to go for ON Semiconductor Lay offs or ON Semiconductor Job Cuts. ON Semiconductor Layoffs

How many employees may be fired by ON Semiconductor layoffs?
The news is that around 350 employees will be made jobless at ON Semiconductor Valley Fabrication Plant metro Phoenix. This is around 7% of total UK employee strength of ON Semiconductor.

How many employees does ON Semiconductor have?
The total no. of employees at ON Semiconductor is around 1100 workers as of now, in the Phoenix area.

Any news of previous layoffs by the company
Yes. Last month, ON said it planned to lay off 1,500 workers across the company during the year, cut merit increases and require employees to take a two-week unpaid furlough.

Any plants or locations being closed by ON Semiconductor?
Yes. The company will close the Valley Fabrication facility in Phoenix, which makes filters, diodes, rectifiers and transistors for electronic devices, by the end of the first quarter of 2010.

Which locations will be affected by the ON Semiconductor Layoffs?
All jobs affected will be from Valley Fabrication facility in Phoenix.

Which segment of employees will be affected by the ON Semiconductor layoffs
Since an entire plant is set to close, all the employees at the plant are expected to be affected.

How much savings can be made by ON Semiconductor Layoffs?
The plant closure would result in a cash charge of $8 million to $10 million but eventually will result in annual savings of $36 million.

When will the ON Semiconductor layoffs happen
The plant closure will happen by first quarter of 2010.

Any severance package for the affected employees?
No info available.

What are the primary reasons of ON Semiconductor Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.

Any other news about ON Semiconductor?
As per AZCentral News, Several other semiconductor manufacturers with Arizona operations have announced layoffs, salary cuts and furloughs in recent weeks, including Intel Corp., Texas Instruments Inc., Freescale Semiconductor Inc., Microchip Technology Inc. and STMicroelectronics.
ON also said it was accelerating three previously announced plant closures this year - two in Slovakia and one in Idaho - and close a fourth plant. The fourth plant turned out to be the Phoenix facility. The closures are partly the result of two acquisitions ON made in 2008, spokeswoman Anne Spitza said
Let's hope that alternative jobs are available to the affected employees of ON Semiconductor Layoffs Job Cut

Ford Layoffs Job Cut: fires 850 UK employees

Seems like the doomsday has arrived for the Ford employees. Ford Systems which is a leading worldwide manufacturer of cars and automobiles is going for Layoffs. The news is not good for the employees of Ford. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Ford, has decided to go for Ford Lay offs or Ford Job Cuts. Ford Layoffs

How many employees may be fired by Ford layoffs?
The news is that around 850 employees will be asked to leave their jobs at Ford in Britain UK. This is around 7% of total UK employee strength of Ford.

How many employees does Ford have?
The total no. of employees at Ford UK is around 12900 as of now.

Any news of previous layoffs by the company
Ford has been firing people regulary in the last year. Here are the news for Ford Layoffs in October 2008 and Ford Layoffs in May 2008

Any plants or locations being closed by Ford?
No, there is no news about any plant closure, but transit van plant in Southampton is now having many fewer shifts than before.

Which locations will be affected by the Ford Layoffs?
500 jobs will be cut at transit van plant in Southampton. Remaining 350 other jobs will be cut in a restructuring of salaried staff.

Which segment of employees will be affected by the Ford layoffs
Though exact details are not available, it is learnt that there will be cost cutting in each functional area of Ford.

How much savings can be made by Ford Layoffs?
No news is available about the exact savings amount.

When will the Ford layoffs happen
The salaried staff job cuts will be made by May 2009.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Ford Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.

Any other news about Ford?
As per Fox28 News, New car registrations in Britain are down 31% in January compared to a year earlier. It is also learnt that Ford wants to review this year's pay deal with workers.
Let's hope that alternative jobs are available to the affected employees of Ford Layoffs Job Cut

Cisco Layoffs Job Cut: may fire 3000 employees

Seems like the doomsday has arrived for the Cisco employees. Cisco Systems which is a leading worldwide manufacturer of networking products and software. Now this company going for Layoffs. The news is not good for the employees of Cisco. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Cisco, has decided to go for Cisco Lay offs or Cisco Job Cuts. Cisco Layoffs

How many employees may be fired by Cisco layoffs?
The news is that around 2000-3000 employees will be asked to leave their jobs at Cisco.

How many employees does Cisco have?
The total no. of employees at Cisco is around 67000 as of now.

Any news of previous layoffs by the company
No details available about any previous layoff news.

Any plants or locations being closed by Cisco?
No, the focus is more on cost cutting from spendings like cutting the travel budget and other expenses.

Which locations will be affected by the Cisco Layoffs?
No confirm news about where these layoffs will happen as Cisco is a global company. However, it is learnt that most layoffs will occur in the U.S. operations.

Which segment of employees will be affected by the Cisco layoffs
Though exact details are not available, it is learnt that there will be cost cutting in each functional area of Cisco.

How much savings can be made by Cisco Layoffs?
Company hopes to manage the downturn by cutting costs, such as reducing travel, as it shrinks expenses by $1 billion

When will the Cisco layoffs happen
No confirm dates are available for the Cisco layoffs.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Cisco Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.

Any other news about Cisco?
As per Mercury News, The chairman also said Cisco was maintaining its long-term annual revenue growth target of 12 to 17 percent, assuming the global economy returns to a normal growth rate.
"We believe our vision, strategy and execution are in great shape," he said.
Cisco, known for its switches and routers that funnel rivers of data across the Internet, is moving into other areas, including video conferencing, cable television boxes and e-mail software.
Chambers noted that the company, which has acquired about three dozen companies in the past four years and has more than $29 billion in cash, is poised to snatch up good deals to expand its product line, particularly in consumer areas.
Let's hope that alternative jobs are available to the affected employees of Cisco Layoffs Job Cut

THQ Layoffs Job Cut: fires 600 employees

THQ Inc. is a leading worldwide developer and publisher of interactive entertainment software. Now this company going for Layoffs. The news is not good for the employees of THQ. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm THQ, has decided to go for THQ Lay offs or THQ Job Cuts. THQ Layoffs

How many employees may be fired by THQ layoffs?
The news is that around 600 employees will be asked to leave their jobs at THQ. This will be around 24% of the total workforce

How many employees does THQ have?
The total no. of employees at THQ is around 2400 as of now.

Any news of previous layoffs by the company
No details available about any previous layoff news.

Any plants or locations being closed by THQ?
No about the plants, but it is reported that the company plans to reduce product development spending by an additional $70 million through studio dispositions and other projects.

Which locations will be affected by the THQ Layoffs?
Most layoffs will occur in the U.S. operations.

Which segment of employees will be affected by the THQ layoffs
Though exact details are not available, it is learnt that there will be cost cutting in each functional area of THQ. The company plans to reduce product development spending by an additional $70 million through studio dispositions and other project and headcount reductions.

How much savings can be made by THQ Layoffs?
There will be an expected annual saving of 30 million USD.

When will the THQ layoffs happen
The layoffs will be done in the next few weeks.

Any severance package for the affected employees?
No info available.

What are the primary reasons of THQ Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.

Any other news about THQ?
As per Yahoo Finance, “Our focus for next fiscal year is to return to profitability and to generate cash. Our fiscal 2010 plan will reflect the benefits of our focused product strategy and strong actions on costs,” said Farrell.

The company expects to incur significant charges as part of the additional cost reduction actions, which will be excluded from the company’s non-GAAP results. Most of the charges will be recognized in the remainder of fiscal 2009.
Let's hope that alternative jobs are available to the affected employees of THQ Layoffs Job Cut

Allergan Layoffs Job Cut: fires 460 employees

Another company in the business of pharma or Botox making is going for Layoffs. The news is not good for the employees of Allergan. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Allergan, has decided to go for Allergan Lay offs or Allergan Job Cuts. Allergan Layoffs

How many employees may be fired by Allergan layoffs?
The news is that around 460 employees will be asked to leave their jobs at Allergan. This will be around 5% of the total workforce

How many employees does Allergan have?
The total no. of employees at Allergan is around 10,000 now.

Any news of previous layoffs by the company
No, this is the first ever layoff by the company in its history since 1981.

Any plants or locations being closed by Allergan?
No such data is available.

Which locations will be affected by the Allergan Layoffs?
Most layoffs will occur in the U.S. and European operations.

Which segment of employees will be affected by the Allergan layoffs
The layoffs will happen in the U.S. urology sales and marketing employees and marketing staff in both the United States and Europe.

How much savings can be made by Allergan Layoffs?
There will be pretax charges of between $110 million and $117 million due to the restructuring.

When will the Allergan layoffs happen
The layoffs will be done in the next few weeks.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Allergan Layoffs
The company wants to focus on the resources on programs that produce the highest returns, hence these layoffs are bound to happen in some departments and business segments.

Any other news about Allergan?
As per Business Week, Allergan said profit in the quarter fell to $150.6 million, or 50 cents per share, from $160.3 million, or 52 cents per share, in the same quarter last year.

The latest quarter included payments for licensing deals and a $13.2 million settlement related to the end of a distribution agreement in Korea. Excluding those and other special items, adjusted earnings were 76 cents per share.Revenue fell 3 percent to $1.06 billion from $1.09 billion.
Analysts expected earnings of 73 cents per share on $1.04 billion in revenue.
Let's hope that alternative jobs are available to the affected employees of Allergan Layoffs Job Cut

Bloomberg Layoffs Job Cut: fires 60 employees

Another company in the business of finance is going for Layoffs. This was one of the companies which so far had not annouced any layoffs, but seems like it is going to do so. The news is not good for the employees of Bloomberg. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Bloomberg, has decided to go for Bloomberg Lay offs or Bloomberg Job Cuts. Bloomberg Layoffs

How many employees may be fired by Bloomberg layoffs?
The news is that around 60 employees will be asked to leave their jobs at Bloomberg.

How many employees does Bloomberg have?
The total no. of employees at Bloomberg is not known as of now.

Any news of previous layoffs by the company
No, this is the first ever layoff by the company in its history since 1981.

Any plants or locations being closed by Bloomberg?
No such data is available.

Which locations will be affected by the Bloomberg Layoffs?
No detailed information is available about that.

Which segment of employees will be affected by the Bloomberg layoffs
The layoffs are happening in the company's unprofitable TV and radio operations.

How much savings can be made by Bloomberg Layoffs?
No information about that, but its only the unprofitable businesses that will get affected by the layoffs. So its more of a loss cutting exercise.

When will the Bloomberg layoffs happen
The layoffs will be done in the next few weeks.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Bloomberg Layoffs
The TV and radio division are losing an estimated $20 million-plus a year, hence the layoffs.

Any other news about Bloomberg?
As per NY Post, More cuts are expected to be unveiled today by Andy Lack, CEO of multimedia operations, and David Rhodes, who runs Bloomberg's TV operation. While the company is still adding people in other divisions, it marks the first-ever big round of layoffs since Bloomberg founded the company in 1981
Let's hope that alternative jobs are available to the affected employees of Bloomberg Layoffs Job Cut

Time Warner Cable Layoffs Job Cut: fires 1250 employees

Another company in the business of cable operators is going for Layoffs. The news is not good for the employees of Time Warner Cable. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Time Warner Cable, has decided to go for Time Warner Cable Lay offs or Time Warner Cable Job Cuts. Time Warner Cable Layoffs

How many employees may be fired by Time Warner Cable layoffs?
The news is that around 1250 employees will be asked to leave their jobs at Time Warner Cable.

How many employees does Time Warner Cable have?
The total no. of employees at Time Warner Cable is not known as of now.

Any news of previous layoffs by the company
Yes. There were some news of layoffs by Time Warner recently when it fired some 500 workers last year.

Any plants or locations being closed by Time Warner Cable?
Time Warner Cable has some news about restructuring its 24 regions to 6, but there is no detail available for the layoffs regionwise.

Which locations will be affected by the Time Warner Cable Layoffs?
No detailed information is available about that.

Which segment of employees will be affected by the Time Warner Cable layoffs
No detailed information is available about that.

How much savings can be made by Time Warner Cable Layoffs?
Around 90 million USD is expected to be saved per year by the layoffs.

When will the Time Warner Cable layoffs happen
The layoffs will be done in the next few weeks.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Time Warner Cable Layoffs
Declining sales and bad conditions of the economy are said to be the major reasons for the layoffs.

Any other news about Time Warner Cable?
As per Bismarck Tribue, Time Warner Cable reported a net loss of $8.16 billion, or $8.36 cents per share, in the fourth quarter including a $14.82 billion charge to write-down the value of cable franchise rights and a loss of $13 million on the sale of cable systems.
Let's hope that alternative jobs are available to the affected employees of Time Warner Cable Layoffs Job Cut

Electronics Arts EA Layoffs Job Cut: fires 1100 employees, closes 12 facilites

Another software company, in the gaming industry is going for Layoffs. The news is not good for the employees of Electronics Arts EA Sports. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Electronics Arts EA, has decided to go for Electronics Arts EA Lay offs or Electronics Arts EA Job Cuts. Electronics Arts EA Layoffs

How many employees may be fired by Electronics Arts EA layoffs?
The news is that around 1100 employees will be asked to leave their jobs at Electronics Arts EA. That will be aroudn 11% of the the EA workforce.

How many employees does Electronics Arts EA have?
The total no. of employees at Electronics Arts EA is 10,000 as of now.

Any news of previous layoffs by the company
Yes. There were some news of EA job cuts in recent times.

Any plants or locations being closed by Electronics Arts EA?
Electronics Arts EA will close down 12 of its facilities.

Which locations will be affected by the Electronics Arts EA Layoffs?
No detailed information is available about that.

Which segment of employees will be affected by the Electronics Arts EA layoffs
No detailed information is available about that.

How much savings can be made by Electronics Arts EA Layoffs?
Around 65 million USD to 75 million USD is expected to be charged.

When will the Electronics Arts EA layoffs happen
The layoffs will be done as soon as possible.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Electronics Arts EA Layoffs
Declining sales and bad conditions of the economy are said to be the major reasons for the layoffs.

Any other news about Electronics Arts EA?
As per MarketWatch, The news was included in the video game publisher's financial results for its third fiscal quarter. EA said it is closing 12 facilities as part of the move.
Let's hope that alternative jobs are available to the affected employees of Electronics Arts EA Layoffs Job Cut.

Qimonda AG Layoffs Job Cut: fires 1500 employees, closes Richmond plant

Another chip maker from Germany is going for Layoffs. The news is not good for the employees of Qimonda AG Richmond. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Qimonda AG, has decided to go for Qimonda AG Lay offs or Qimonda AG Job Cuts. Qimonda AG Layoffs

How many employees may be fired by Qimonda AG layoffs?
The news is that around 1500 employees will be asked to leave their jobs at Qimonda AG.

How many employees does Qimonda AG have?
The total no. of employees at Qimonda AG is not known as of now.

Any news of previous layoffs by the company
Yes. Late last year, the company announced cuts of about 1,200 jobs at the plant.

Any plants or locations being closed by Qimonda AG?
Qimonda AG will close down its Richmond Plant and start making a new chip at a plant in Germany

Which locations will be affected by the Qimonda AG Layoffs?
It is all concentrated at Richmond Plant.

Which segment of employees will be affected by the Qimonda AG layoffs
All the segments will get hit as the entire plant is learnt to be closed down.

How much savings can be made by Qimonda AG Layoffs?
No information is available about the savings to be made

When will the Qimonda AG layoffs happen
Majority of the jobs will go in the next month and the plant closure is expected by April.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Qimonda AG Layoffs
Qimonda declared bankruptcy earlier this month. The company said a drop in prices of the chips it produces and decreased access to financing led to the deterioration of its financial position.

Any other news about Qimonda AG?
As per IHT, A spokesman said Tuesday the company has begun ramping down operations at the plant and expects to be finished by April.
Let's hope that alternative jobs are available to the affected employees of Qimonda AG Layoffs Job Cut

Panasonic Layoffs Job Cut: fires 15000 employees

First it was NEC layoffs, then it was Hitachi Layoffs and now another elctronics giant from Japan is going for Layoffs. The news is not good for the employees of Panasonic. Another news of layoffs, another Japanese electronics company joining the group of companies to go for layoffs. The firm Panasonic, has decided to go for Panasonic Lay offs or Panasonic Job Cuts. Panasonic Layoffs

How many employees may be fired by Panasonic layoffs?
The news is that around 15000 employees will be asked to leave their jobs at Panasonic. The layoffs will be done globally.

How many employees does Panasonic have?
The total no. of employees at Panasonic is not known as of now.

Any plants or locations being closed by Panasonic?
Panasonic will close down 14 plants overseas, and 13 in Japan over the coming year.

Which locations will be affected by the Panasonic Layoffs?
Location wise job cut details are not available as of now. It is learnt that the job cuts by Panasonic will be on a global basis.

Which segment of employees will be affected by the Panasonic layoffs
It is learnt that the Plasma TV plants may be closed by the company and hence the employees belonging to this segment will be affected.

How much savings can be made by Panasonic Layoffs?
No information is available about the savings to be made

When will the Panasonic layoffs happen
They will be done as soon as possible.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Panasonic Layoffs
The business is declining due to slow sales and the strengthening of the Japanese currency, the yen, which has made Japanese goods less competitive overseas.

Any other news about Panasonic?
As per AlJazeera, The Osaka-based company forecast on Wednesday that it would shed about five per cent of its workforce and register a loss of $4.2bn for the fiscal year ending in March.
"The company's business conditions have worsened particularly since last October, due mainly to the rapid appreciation of the yen, sluggish consumer spending worldwide and ever-intensified price competition," it said in a statement.
Let's hope that alternative jobs are available to the affected employees of Panasonic Layoffs Job Cut.

Hawker Beechcraft HBC Layoffs Job Cut: may fire 2300-2700 employees

The news is not good for the employees of Hawker Beechcraft. Another news of layoffs, another plane company joining the group of companies to go for layoffs. The firm Hawker Beechcraft, has decided to go for Hawker Beechcraft Lay offs or Hawker Beechcraft Job Cuts. Hawker Beechcraft Layoffs

How many employees may be fired by Hawker Beechcraft layoffs?
The news is that around 2300 to 2700 employees will be asked to leave their jobs at Hawker Beechcraft. The news is confirmed as Chairman and CEO Jim Schuster announced Tuesday in a letter to employees.

How many employees does Hawker Beechcraft have?
The total no. of employees at Hawker Beechcraft is 7500 and it is the third largest employer at Wichita.

Which locations will be affected by the Hawker Beechcraft Layoffs?
Location wise job cut details are not available as of now. It is learnt that location wise details will be made available by Friday.

Which segment of employees will be affected by the Hawker Beechcraft layoffs
All details will be available by Friday.

How much savings can be made by Hawker Beechcraft Layoffs?
No information is available about the savings to be made

When will the Hawker Beechcraft layoffs happen
They will be done as soon as possible, however, it is learnt that the company has already declared 500 layoffs in the month of November.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Hawker Beechcraft Layoffs
Schuster also cited problems with the government’s stimulus package, which he said fails to loosen credit markets, and a slowing of orders from previously high-volume business segments.

Any other news about Hawker Beechcraft?
As per BizJournal, “The increased challenges that lay before us demand an extraordinary response from our company and the U.S. aviation industry to ensure our short-term stability and long-term success,” Schuster said. “This is an extremely painful step for the HBC family and community, but one that is absolutely necessary.”
It’s unclear whether Hawker will impose additional layoffs. Schuster said he couldn’t promise Tuesday’s layoffs would be the last at Hawker.
Let's hope that alternative jobs are available to the affected employees of Hawker Beechcraft Layoffs Job Cut.

King Pharmaceuticals Layoffs Job Cut: fires 520 employees

Another news of layoffs, another pharma company joining the group of companies to go for layoffs. The firm King Pharmaceuticals, has decided to go for King Pharmaceuticals Lay offs or King Pharmaceuticals Job Cuts. Its the time for the pharma companies to go for layoffs. King Pharmaceuticals Layoffs

How many employees may be fired by King Pharmaceuticals layoffs?
The news is that around 520 employees will be asked to leave their jobs at King Pharmaceuticals.

How many employees does King Pharmaceuticals have?
No information is available about the total no. of employees at Kind Pharma.

Which locations will be affected by the King Pharmaceuticals Layoffs?
Location wise job cut details are not available.

Which segment of employees will be affected by the King Pharmaceuticals layoffs
380 field sales positions and 140 corporate positions will be cut in this job cut.

How much savings can be made by King Pharmaceuticals Layoffs?
It is expected that the move will save 50 to 55 million USD in the first 6 months.

When will the King Pharmaceuticals layoffs happen
They will be done as soon as possible,

Any severance package for the affected employees?
No info available.

What are the primary reasons of King Pharmaceuticals Layoffs
Consolidation of the recently acquired Alpharma and a recent court ruling that invalidated patents supporting its top-selling muscle relaxant, Skelaxin, potentially opening the drug to generic competition. To compensate for that, the lyoffs and other measures are being taken.

Any other news about King Pharmaceuticals?
As per MarketWatch, Chairman and Chief Executive Brian A. Markison said the cuts reflect "the uncertainty" the verdict created "with respect to the continued exclusivity of the product."
Since it lost a 2007 patent case involving its once top-selling Altace blood-pressure drug, King had shifted its focus onto other products, including Skelaxin. In the third quarter, Skelaxin sales rose 3.8%. By contrast, Altace sales, under pressure since a generic rival was introduced in December, 2007, plunged 82%.
Let's hope that alternative jobs are available to the affected employees of King Pharmaceuticals Layoffs Job Cut.

PNC Financial National City Layoffs Job Cut: fires 5800 employees

Another news of layoffs, another financial company joining the group of companies to go for layoffs. The firm PNC Financial, has decided to go for PNC Financial Lay offs or PNC Financial Job Cuts. Unfortunately the situation is worsening further for all the sectors and PNC Financial is melting under the pressures of the market. The economic crisis is hitting all sectors and all the sectors are getting affected.PNC Financial Layoffs

How many employees may be fired by PNC Financial layoffs?
The news is that around 5800 employees will be asked to leave their jobs at PNC Financial. That will be around 10 percent of the total employee strength.

How many employees does PNC Financial have?
The total no. of employees of PNC Financial is around 59,600, but this is in merger with the National City Corp.

Which locations will be affected by the PNC Financial Layoffs?
About 500 of the 5,800 job losses would be cut from the 61 branches in Western Pennsylvania

Which segment of employees will be affected by the PNC Financial layoffs
No detailed information is available about that.

How much savings can be made by PNC Financial Layoffs?
$1.2 billion USD per year is expected will be saved in combined expenses of both PNC and National City Corp.

When will the PNC Financial layoffs happen
The job cuts will be completed 2011, hence it is a 2 year long plan.

Any severance package for the affected employees?
No info available.

What are the primary reasons of PNC Financial Layoffs
PNC announced the move as it recorded a quarterly loss of $248 million, which included $380 million in costs connected with its acquisition of the troubled Cleveland-based bank on Dec. 31

Any other news about PNC Financial?
As per PittsburgLive, A year earlier, the Pittsburgh bank earned $178 million, or 52 cents a share. The current results equaled minus 77 cents a share. Excluding merger costs, PNC earned 32 cents a share, compared with the 75 cents projected by analysts polled by Bloomberg. For the full year, PNC earned $882 million, or $2.46 share, including $422 million in merger costs. The bank earned almost $1.47 billion, or $4.35 a share, the year earlier.
National City, however, lost about $6 billion last year. That was because the bank took steep losses from years of subprime mortgage lending
Let's hope that alternative jobs are available to the affected employees of PNC Financial Layoffs Job Cut.

Rockwell Collins Layoffs Job Cut: fires 600 employees

Another news of layoffs, another company joining the bandwagon with the news of firing people. Amid mounting pressure from the declining business prospects, the firm Rockwell Collins, has decided to go for Rockwell Collins Lay offs or Rockwell Collins Job Cuts. Unfortunately the situation is worsening further for all the sectors and Rockwell Collins is melting under the pressures of the market. The economic crisis is hitting all sectors and all the sectors are getting affected.Rockwell Collins Layoffs

How many employees may be fired by Rockwell Collins layoffs?
The news is that around 600 employees will be asked to leave their jobs at Rockwell Collins. The layoffs will be primarily in USA.

How many employees does Rockwell Collins have?
The total no. of employees of Rockwell Collins is around 20,000 worldwide.

Any plant or location closed by Rockwell Collins ?
No news about that.

Any previous layoffs by the company?
No news of that as of now.

Which locations will be affected by the Rockwell Collins Layoffs?
200 jobs will be cut in Iowa state though there are no details available about the individual places like Cedar Rapids, Coralville, Manchester, Decorah and Bellevue. Florida will loose 150, while California will see 100 job cuts.

Which segment of employees will be affected by the Rockwell Collins layoffs
500 permanent full time employees jobs will be cut, while rest 100 job cuts will be for temporary contract workers.

How much savings can be made by Rockwell Collins Layoffs?
No information is available about the savings to be made.

When will the Rockwell Collins layoffs happen
The job cuts will be completed by the end of first quarter, i.e. by March 2009.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Rockwell Collins Layoffs
The current economic environment and its potential impact on industry demand around the world remains highly uncertain. The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Rockwell Collins.

Any other news about Rockwell Collins?
As per KCRG, The business is headquartered in Cedar Rapids, but actually operates from more than 60 locations in 27 countries. Rockwell Collins reported a sales decline of $54 million in the first quarter of the fiscal year, due in part to a labor strike and production issues at Boeing.
The 5 percent drop left sales at $1.058 billion, compared to $1.112 a year ago, but earnings per share went up to 95 cents, compared to 93 cents last year.
Let's hope that alternative jobs are available to the affected employees of Rockwell Collins Layoffs Job Cut

Liz Claiborne Layoffs Job Cut: fires 725 employees

After Macy*s went for a Macy*s Layoffs, another retailer amid mounting pressure from the declining business prospects, the retail firm big company Liz Claiborne, has decided to go for Liz Claiborne Lay offs or Liz Claiborne Job Cuts. Unfortunately the situation is worsening further for all the sectors and Liz Claiborne is melting under the pressures of the market. The economic crisis is hitting all sectors and all the sectors are getting affected.Liz Claiborne Layoffs

How many employees may be fired by Liz Claiborne layoffs?
The news is that around 725 employees will be asked to leave their jobs at Liz Claiborne. That will be around 8 percent of the total employee strength of Liz Claiborne.

How many employees does Liz Claiborne have?
The total no. of employees of Liz Claiborne is little more than 9,000.

Any plant or location closed by Liz Claiborne ?
Mt. Pocono, Pennsylvania distribution center has been closed down.

ANy previous layoffs by the company?
Yes. Liz Claiborne has cut approximately 2,200 jobs globally, closed six distribution centers and sold, closed or licensed 14 of its brands since 2007.

Which locations will be affected by the Liz Claiborne Layoffs?
No detailed information is available about that but it is learnt that the layoffs will be on a national level.

Which segment of employees will be affected by the Liz Claiborne layoffs
It is reported that the job cuts will be made at all levels so nobody can feel safe.

How much savings can be made by Liz Claiborne Layoffs?
No information is available about the savings to be made.

When will the Liz Claiborne layoffs happen
The job cuts will be completed by the end of first quarter, i.e. by March 2009.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Liz Claiborne Layoffs
The current economic environment and its potential impact on industry demand around the world remains highly uncertain. The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Liz Claiborne. The primary reason is to cut costs amid tightened consumer discretionary spending

Any other news about Liz Claiborne?
As per Yahoo! News, "The challenging retail and economic environment requires us to remain more focused than ever on cost rationalization and act decisively to manage the relationship between our revenue and our (selling, general and administrative expenses)," Chief Executive William L. McComb said in a statement.
Let's hope that alternative jobs are available to the affected employees of Liz Claiborne Layoffs Job Cut

Infosys Salary Pay Cut News: May cut variable Pay

As India wakes up today, the news of one of the biggest IT companies of India will be making the headlines. It is learnt that IT major Infosys may go for a pay cut or salary cut or variable pay cut very soon. This news might be a shocker to hundreds of thousands of IT employees across India, as big companies like Infosys and TCS are the ones which set the benchmark for the rest of the IT industry of India.Infosys Pay Cut

What is more significant to learn is that the pay hike for almost all of the Indian companies is given in the month of March April. Now, the pay hike time coming close, and major companies like Infosys reported to be going for a possible variable pay cut, it does mean a cause of concern not only for the employees of Infosys, but also for the rest of the IT companies of India.

Higher Management at various IT Companies of India simply keep on quoting examples of the so called "Market Trends", basically meaning the acts done by the IT biggies like Infy and TCS, etc. If these big guys go for a salary cut, it will have long lasting ripple effect in the rest of the IT companies of India.

So employees, be prepared for the bad experiences, if at all they are suppose to come.
As per the news on IndiaTimes, The country's second-largest IT company has reportedly warned that it may cut employee bonuses and compensation packages in the months ahead as the global meltdown strains its revenues.
Company's CEO, Kris Gopalakrishnan told a business daily recently that the current year is expected to be very muted in terms of increase in salaries, bonuses and promotions

It is also learnt that Infosys is going to be very strict in terms of performance, and has put the bottom 5% of the employees under tight scanner. Out of a total workforce or total no. of employees at 100,000, nearly 5000 have been put under the scanner. Media reports also suggest that the company has asked senior managers (project managers, senior and group project managers, delivery managers) to give lowest performance rating (4 on a scale of 1-4) to the 'underperforming' 5 per cent as a part of its consolidated relative ranking (CRR).
Now, let's see how the other company "Smart" management go for "Borrowing Best Practices" from Infosys and what is there in the pack for the IT employees, especially those of Infosys.

Macy's Layoffs Job Cut: fires 7000 employees

Amid mounting pressure from the declining business prospects, the retail firm big company Macy's, has decided to go for Macy's Lay offs or Macy's Job Cuts. Unfortunately the situation is worsening further for all the sectors and Macy's is melting under the pressures of the market. The economic crisis is hitting all sectors and all the sectors are getting affected.Macy's Layoffs

How many employees may be fired by Macy's layoffs?
The news is that around 7000 employees will be asked to leave their jobs at Macy's. That will be around 4 percent of the total employee strength of Macy's.

How many employees does Macy's have?
The total no. of employees of Macy's Retail is 180,000.

Which locations will be affected by the Macy's Layoffs?
No detailed information is available about that but it is learnt that the layoffs will be on a national level.

Which segment of employees will be affected by the Macy's layoffs
The job cuts announced Monday involve, in some cases, positions that are currently unfilled. Though there is some good news in the form that the Employees whose jobs are being eliminated will have the opportunity to apply for other available positions.

How much savings can be made by Macy's Layoffs?
It is estmated that the layoffs and other measures taken by the company will reduce expenses by $250 million this year and $400 million annually beginning in 2010.

When will the Macy's layoffs happen
No confirm news is available about the exact dates of layoffs.

Any severance package for the affected employees?
The laid off employees will receive severance benefits and outplacement assistance.

What are the primary reasons of Macy's Layoffs
The current economic environment and its potential impact on industry demand around the world remains highly uncertain. The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Macy's. These layoffs are being justified as preparation for a possible decline in revenue.

Any other news about Macy's?
As per HispanicBusiness, Macy's also cut its quarterly dividend from 13.25 cents to 5 cents. The dividend will be paid on April 1 to shareholders of record March 13.
Lundgren said the company has been encouraged by early results of the program. "In fact, of the company's top 15 best-performing geographic markets in December, 13 were 'My Macy's' pilot districts. We are moving quickly and decisively to expand this model to all of our markets so we can pursue sales-driving opportunities as we position ourselves to capture share in every local market."
Let's hope that alternative jobs are available to the affected employees of Macy's Layoffs Job Cut.

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