Wednesday, December 17, 2008

A snapshot of the layoffs - 11/2008 and follow up

Circuit City 7,300 11/3/2008 Retail
Hartford Financial 500 11/4/2008 Financial
GlaxoSmithKline 1,000 11/5/2008 Pharmaceuticals/Healthcare
Fidelity 1,300 11/6/2008 Financial
Mattel 1,000 11/6/2008 Toy
Borgata Hotel Casino 375 11/6/2008 Hotels Casinos Resorts
La-Z-Boy 850 11/6/2008 Retail
Avis 700 11/6/2008 Auto services
Ford 2,600 11/7/2008 Auto
General Motors 3,600 11/7/2008 Auto
DHL Express 9,500 11/10/2008 Logistics
Nortel 1,300 11/10/2008 Technology
Circuit City 700 11/10/2008 Retail
General Motors 1,900 11/10/2008 Auto
Altria unspecified 11/10/2008 Tobacco
Horizon Lines 70 11/11/2008 Logistics
Marietta Corp 130 11/11/2008 Manufacturing
Yum Brands several hundred 11/12/2008 Food Service
Morgan Stanley 8,360 11/12/2008 Financial
Cessna 665 11/13/2008 Aerospace
ADT 380 11/13/2008 Security
University of Texas 3,800 11/13/2008 Education
Sprint unspecified 11/13/2008 Telecommunications
U.S. Steel 677 11/13/2008 Steel
OfficeMax 245 11/13/2008 Retail
Sun Microsystems 6,000 11/14/2008 Technology
Fidelity 1,700 11/14/2008 Financial
Citigroup 53,000 11/17/2008 Financial
Pepsi Bottling Group 3,000 11/18/2008 Beverages
Louisiana-Pacific 200 11/18/2008 Construction
Time Inc. 600 11/19/2008 Media
HSBC Mortgage 325 11/19/2008 Financial
Pilgrim's Pride 335 11/19/2008 Food Products
Boeing 800 11/19/2008 Aerospace
Rolls-Royce Group Plc 2,000 11/19/2008 Aerospace
Akamai Technologies 110 11/19/2008 Technology
Bank of New York Mellon 1,800 11/20/2008 Financial
Wendy's 59 11/20/2008 Food Service
The Associated Press 400 11/20/2008 Media
Washington Mutual 1,600 11/20/2008 Financial
Washington Mutual 7,600 12/1/2008 Financial
U.S. Steel 3,500 12/2/2008 Steel
City of Atlanta 222 12/2/2008 Government
State Street 1,800 12/3/2008 Financial
Jefferies Group 358 12/3/2008 Financial
Adobe Systems 600 12/3/2008 Technology
Carlyle Group 100 12/3/2008 Financial
Credit Suisse Group 5,300 12/4/2008 Financial
AT&T Inc. 12,000 12/4/2008 Financial
DuPont 2,500 12/4/2008 Chemicals
Viacom 850 12/4/2008 Media
NBC Universal 500 12/4/2008 Media
Avis Budget Group Inc. 2,200 12/4/2008 Auto services
Cummins 500 12/5/2008 Industrial Equipment
Newsday 100 12/5/2008 Media
General Motors 2,000 12/5/2008 Auto
Gentex 400 12/5/2008 Technology
Pratt & Whitney 350 12/5/2008 Aerospace
Paetec 222 12/5/2008 Technology
3M 1,800 12/8/2008 Miscellaneous
Dow Chemical 5,000 12/8/2008 Chemicals
Anheuser-Busch InBev 1,400 12/8/2008 Beverages
Sony Corp 8,000 12/9/2008 Technology
Danaher Corp. 1,700 12/9/2008 Scientific Equipment
Wyndham Worldwide 4,000 12/9/2008 Hotels Casinos Resorts
Novellus 367 12/9/2008 Scientific Equipment
National Football League 150 12/9/2008 Entertainment, Sports
Principal Financial Group 550 12/9/2008 Financial
Rio Tinto 14,000 12/10/2008 Mining
Electronic Arts unspecified 12/10/2008 Technology
SKF 2,500 12/10/2008 Industrial Equipment
Office Depot 2,200 12/10/2008 Retail
National Public Radio 85 12/10/2008 Media
Stanley Works 2,000 12/11/2008 Household and Personal Products
Sara Lee 700 12/11/2008 Food Products
Total: 199,450



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Update: 2/10/2009

NEW YORK (CNNMoney.com) -- General Motors announced Tuesday it is cutting 10,000 workers, or 14% of its salaried jobs worldwide. A third of those job losses will be in the United States.

The troubled automaker also said it will cut the pay for its remaining U.S. salaried staff.

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Update: 2/13/2009


Hit by expectations of further financial losses, Pioneer Corp. has announced 10,000 job cuts, plant closings in the US and UK, and plans to leave the plasma display market. Job cuts will include 6,000 full-time salaried employees and 4,000 contract workers both in Japan and other countries.

In a move resulting in some 350 job layoffs, the company will shut down two overseas plasma display assembly plants, located in Pomona, California, and Castleford, Britain. Pioneer plans to exit the plasma display business entirely by March of this year, according to wire reports.


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2/24/2009 update:

Employers cut nearly 600,000 jobs in January, the biggest loss since 1974. That sent the unemployment rate to 7.6 percent, the highest in 16 years. Since the recession began in December 2007, companies have cut a net total of nearly 3.6 million jobs. Home Depot Inc., Boeing Co., Pfizer Inc., Caterpillar Inc., Micro (2000), Spansion (3000) each announced job cut.


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3/5/2009 update:

Northrop Grumman to cut 750 jobs.



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