The company that owns the Chicago Sun-Times and 58 other newspapers and online sites said Tuesday it had filed for Chapter 11 bankruptcy.
The Sun-Times Media Group, Inc. said it would continue to operate its newspapers and Web sites as usual while it improves its cost structure and stabilizes operations.
Tuesday’s announcement comes amid a raft of [...]
Angry French workers facing layoffs at a Caterpillar factory detained four of their bosses Tuesday at the U.S. manufacturer’s plant in the Alps and refused to let them leave the premises, union representatives said.
It is the third time in several weeks that French workers have seized their bosses to protest job losses as a result [...]
Sun Microsystems (JAVA) is giving layoff notifications this week to 1,500 additional employees, a spokesman for the company confirmed this afternoon.
The 1,500 job cuts are part of the 5,000-6,000 layoffs the company announced in November 2008. Sun issued 1,300 layoff notices in connection with the program in January.
The spokesman said the reductions this week affect [...]
IBM Corp. plans to lay off about 5,000 U.S. employees in a new round of job cuts, the Associated Press has learned. The move reflects IBM’s aggressiveness in shifting labor to lower-cost regions like India and keeping its profits aloft at a time when other technology companies’ earnings are tumbling.
An IBM manager knowledgeable about the [...]
California Governor Arnold Schwarzenegger said a make-shift tent city for the homeless that sprang up in the capital city of Sacramento will be shut down and its residents allowed to stay at the state fairgrounds.
Schwarzenegger said he ordered the state facility known as Cal-Expo to be used for three months to serve the 125 tent [...]
The British division of HSBC, HSBC Holdings said Wednesday that it may lay off as many as 1,200 staff following a review of operations.
The affected staff represent about 2% of HSBC’s 58,000 employees in Britain. (TheStreet.com)
A spokesperson for the State Budget Department says Governor David Paterson’s recent announcement to lay of 8,900 state employees was no threat, and that this Summer those layoffs will happen. (WKTV)
Damn, Sony Ericsson–the glass is always half as empty as it was in the previous quarter, isn’t it? The Finnish handset manufacturer today generally freaked out the rest of the mobile industry by announcing that it only expects to sell half as many phones this quarter as last. (GearLog)
Boeing is set to issue 60-day layoff notices today to about 900 employees, about 700 of them in the Puget Sound region. About 650 of the total work in the Commercial Airplanes unit.
In January, chief executive Jim McNerney said Boeing would cut 10,000 jobs companywide this year through attrition and layoffs. Of that total, 4,500 [...]
Chip gear vendor Lam Research Corp. will eliminate 375 jobs, or 10 percent of the company’s workforce, as a cost-cutting measure, the company said Thursday (March 19).
In a regulatory filing with the U.S. Securities and Exchange Commission, Lam said approximately 225 of the 375 jobs being eliminated are located in North America. The remainder of [...]
