When it comes to mass layoff it seems like the news fluxuates. It is good, then it is bad. Sometimes it is good and bad at the same time, depending on where you are. To add to the confusion the same news can be seen as good or bad depending on the situation. After all [...]
Continue reading...Monday, February 13, 2012
The odds are good that unless you live the state of California you probably do not know a lot about the San Joaquin Valley, and you probably do not know that they have an unemployment rate that is well over the national average. As a matter of fact some experts estimate that it is more [...]
Continue reading...Tuesday, January 18, 2011
Illinois Cement Company LLC, an Illinois-based private company under Masonry Cement, will remove around 96 plant workers at its manufacturing plant in La Salle, Illinois due to severe market conditions. The slated job cut is expected to be the first major layoff in the company’s plant in La Salle after operating in the area for [...]
Continue reading...Thursday, January 13, 2011
BigBand Networks Inc., a leading digital video networking company based in California, announced a plan to cut about 9% of its workforce worldwide, which represents around 40 employees, to reduce its expenses and generate more savings. The layoff is attributed to the decline in revenue during the last quarter of 2010. Based on the preliminary [...]
Continue reading...Wednesday, January 12, 2011
Synovus, a Georgia-based financial service company, will remove about 850 staff and close around 39 bank branches as the firm focuses on boosting its efficiency and producing growth initiatives. The company officials explained that the firm is currently undergoing a major restructuring plan intended to streamline operations, boost productivity, reduce expenses and increase revenue. Synovus [...]
Continue reading...Friday, January 7, 2011
The Longaberger Co., manufacturer of handcrafted maple wood baskets and other home and lifestyle products, confirmed that they will let go about 95 staff at its Newark, Ohio plant effective immediately. Most of the affected workers, which include 83 manufacturing workers and 12 basketmakers, have an average tenure of 22 years in the company. The [...]
Continue reading...Wednesday, December 22, 2010
First Niagara Financial Group, a full service banking and financial service company based in New York, will finally takeover NewAlliance Bancshares Inc., the parent company of the NewAlliance Bank; the acquisition deal between the two companies was sealed on Monday. The deal will result in the elimination of about 239 employees working at the NewAlliance [...]
Continue reading...Friday, December 10, 2010
Sunoco Inc., a petroleum and petrochemical manufacturer and transportation fuels company, announced its plan to slash about 175 salaried personnel at its two Delaware County,PA facilities and two Philadelphia offices. Sunoco, which has over 4,000 employees throughout the Delaware Valley region, revealed that the company will be under major changes as early as the first [...]
Continue reading...Friday, December 10, 2010
Around 144 workers are now facing an impending lay off as the Holiday Inn Select in Naperville City, Illinois announced plans to sell its property. Several bidders and buyers expressed their intention of purchasing the hotel but Jenko Group is likely to be the winning bidder for the property. The Naperville City Council offered an [...]
Continue reading...Thursday, December 2, 2010
State Street Corporation, a financial holding company, announced its massive restructuring plan that includes elimination of around 1,400 workers, or 5% of its work force, and closure of some of its offices by the end of 2011. The bank did not elaborate how many of the job cuts will be in the US but the [...]
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Friday, April 27, 2012
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