With a Microsoft partnership in the near future, employees of Nokia Oyj are preparing themselves for what could be huge job cuts of as many as 6,000 jobs, which would be 38 percent of Nokia’s research and development workers. If these jobs end up getting cut, it would be the biggest cuts the company has [...]
Continue reading...Tuesday, February 1, 2011
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...Tuesday, February 1, 2011
The Kansas City Star plans to downsize its workforce by eliminating about 20 staff and slashing other similar positions at its office in Kansas City, Missouri in response to the industrywide recession. The newspaper said the cutbacks, which are expected to occur soon, are mixture of voluntary buyouts and layoffs. The Star said that impacted staff will [...]
Continue reading...Monday, January 31, 2011
Some school district workers at Forth Worth, Texas are about to face unemployment as state officials announced plans to cut the budget for public education amid the financial crisis in Texas. State Legislatures warned various school administrators that the slated budget cuts in public education would be higher than originally planned. The budget cut is [...]
Continue reading...Monday, January 31, 2011
Cook County Assessor, Joseph Berrios, removed around 53 workers in response to this year’s impending budget cut proposed by County Board President, Toni Preckwinkle. Berrios’ office, along with other county offices, is expected to receive a 16% cut from annual operational costs. Preckwinkle is aggressively seeking alternative ways to close a massive budget shortfall of [...]
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
Over 1,700 middle-management workers are about to face unemployment as part of a restructuring plan at Lowe’s Company Inc., the second-biggest chain of retail home improvement and appliance stores in the US. The company said that it will now focus on cutting its expenses and boosting its revenue to stay competitive. The North Carolina-based company [...]
Continue reading...
Wednesday, April 13, 2011
0 Comments