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 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...Tuesday, January 11, 2011
Due to the state’s growing financial crisis, Huber Heights City Schools in Ohio announced a major cost-cutting plan that includes cutting about 46 staff plus eliminating some of its popular programs and reducing some middle school athletic teams in order to generate more revenues. Huber Heights board members revealed that the school is aiming at [...]
Continue reading...Tuesday, January 4, 2011
MySpace, a California-based social networking website turned social entertainment hub, is about to slash over 50% of its workforce due to the company’s continuous sales decline said industry observers. Various sources revealed that the social networking company is now exploring strategic solutions that may result in the elimination of over 500 staff from its 1,100 [...]
Continue reading...Thursday, December 30, 2010
Japan Airlines, a Tokyo-based international and domestic airline, revealed its plan to slash about 170 jobs by the end of 2010 in line with its restructuring scheme following its bankruptcy filing in January. By March 2011, the airline company aims to cut its workforce by a third as it reduces operations due to the decreasing [...]
Continue reading...Wednesday, December 29, 2010
Walt Disney Co., the world’s largest media and entertainment company, announced a plan to slash about 14 jobs from its theme-park division as part of the companywide major restructuring scheme. Almost a quarter of the jobs from the Walt Disney Parks and Resorts are slated for cuts beginning in January 2011. The company said that [...]
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...Wednesday, December 8, 2010
Hewlett-Packard (HP), a multinational information technology corporation for personal computer products, axed around 30 employees and other contract workers in its office in Ocala, Florida. The laid off workers joined the growing numbers of people who are unemployed, which is currently around 18,000 in total. The IT company giant remained mum about the issue. HP [...]
Continue reading...Thursday, July 15, 2010
Initial unemployment claims were down last week by about 29,000. The adjusted four week average is at 455,250. However, the total number of those unemployed and receiving benefits has been creeping up in the last month, with 247,000 additional people out of work bringing the total to over 4.5 million. As we’ve noted in the [...]
Continue reading...Friday, June 18, 2010
The Dallas Morning News: Texas’ jobs market star is on the rise. Showing the largest gain in more than 3 years, Texas employers posted big increases in the jobs sector last month, adding some 43,600 jobs. Although the overall unemployment rate stayed the same at 8.3 percent, employers in nine of the eleven employment categories [...]
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Monday, January 31, 2011
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