As part of its major restructuring plan, National Grid, announced plans to layoff over 1,200 manufacturing workers at its plant in Western New York. The Massachusetts-based multinational company said that it will concentrate its efforts on bolstering local performance, elevating customer service and delivering more efficient products to its clients. The job cuts are expected to [...]
Continue reading...Friday, January 28, 2011
Around 50 manufacturing workers are about to face unemployment as Nordyne, a Missouri-based manufacturer of heating and cooling products, announced plans to downsize its workforce due to a bad market. Nordyne revealed that 50 employees will be laid off at its facility in Boonville, Missouri in response to a continuous decline in demand for residential [...]
Continue reading...Friday, January 28, 2011
San Diego, California-based bio-pharmaceutical giant, Arena Pharmaceuticals Inc., announced plans to reduce its workforce by roughly 25%, representing 66 staff, to cut its costs and generate additional savings. Arena Pharmaceuticals said that the layoffs will bring in more money to the company, approximately $3.8 million of recurring charges, and will trim-down its cash expenditures by [...]
Continue reading...Friday, January 28, 2011
American Axle & Manufacturing Inc., a manufacturer of automobile driveline and drivetrain systems in the US, is slowly downsizing its salaried workforce by offering early-retirement packages until it reaches the target number of 400 white-collar workers eliminated. The Detroit, Michigan based company announced plans to buyout the contracts of about 400 salaried staff from its [...]
Continue reading...Friday, January 28, 2011
Global pharmaceutical healthcare company, Abbott Laboratories, announced plans to slash its workforce by 6%, representing 1,900 workers, in response to a series of failures in its drug development pipeline operations over the recent months. Abbot aims to restructure the company, particularly its pharmaceutical commercial and manufacturing units, which will result to the elimination of about [...]
Continue reading...Wednesday, January 26, 2011
Tropical Shipping, a leading container and ocean transport service, announced a restructuring plan that includes the removal of about 10 workers at its headquarters in Riviera Beach, Florida. Officials from Tropical’s parent company, Nicor Inc., explained that they are also currently shaking up the company’s upper management to better position it in the market. Tropical, [...]
Continue reading...Tuesday, January 25, 2011
J.C. Penney Co. Inc., a Texas-based chain of American mid-range department stores, announced a plan to close its operations in McClellan, California that will leave about 350 plant workers jobless. J.C. Penney Co. confirmed that its North Highlands plant will be permanently closed along with other stores and catalog and outlet operations. The company officials [...]
Continue reading...Monday, January 24, 2011
BSH Home Appliances Corp., manufacturer of dishwashers, washers, dryers, ovens, warming drawers and microwaves, announced a plan to close one of its production lines that will result in the removal of about 100 workers at its manufacturing plant in New Bern, North Carolina. The California-based company officials said that they need to downsize its workforce [...]
Continue reading...Friday, January 21, 2011
Workers at Boeing, a leading aerospace and defense corporation, confirmed that the company will remove over 1,000 employees from its C-17 production line at its headquarters in Long Beach, California by late 2012. Boeing plans to reduce its C-17 production, from 15 to 10 jets every year, in line with its long-term business plan. The affected workers [...]
Continue reading...Wednesday, January 19, 2011
Dyno Nobel Inc., a global leader in the industrial explosives industry, announced a plan to slash its workforce in the coming months due to a continuous decline in demand over the past years. Over 40 workers are facing layoffs at the company’s industrial explosives plant in Port Ewen, New York. The company said that of [...]
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Tuesday, February 1, 2011
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