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
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
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
As part of a restructuring plan, British Broadcasting Corporation, the major public broadcaster in the UK, announced that it will slash about 360 positions at its online operations. The company officials said that they will reorganize BBC Online to achieve a much clearer digital agenda to better service its clients this year. The cuts are [...]
Continue reading...Monday, January 24, 2011
Special Metals Corp., a leading company that produces and supplies high-nickel, high-performance alloys worldwide, has temporarily laid off around 40 hourly workers due to lack of work at its manufacturing plant in Huntington, West Virginia. The company officials said that recall is still possible but it will depend on how busy the plant gets in [...]
Continue reading...Friday, January 21, 2011
Group Publishing, a US private company that creates resources, training, mission and management tools for churches, removed 26 workers at its office in Loveland, Colorado in line with its restructuring plan. Group officials said that the impacted staff received severance packages based on their tenure. Group also arranged a contract with Career Builders, a company [...]
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 [...]
Continue reading...Thursday, January 13, 2011
According to the Denver Post, Quiznos will lay off 140 employees at its Denver headquarters as well as across the country. Included in the layoffs are midlevel managers around the country as well as full-time employees at its central office. The company has a new management team that is currently attempting to cut corporate costs [...]
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 [...]
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Tuesday, February 1, 2011
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