Medtronic Inc. laid off 240 manufacturing workers at its Santa Rosa vascular division today, cutting 20 percent of its Sonoma County work force as it shifts production work to a lower-cost facility in Ireland. (Press Democrat)
L.L. Bean has told its employees that it plans to lay off between 200 and 240 workers in Maine because of slow sales. In a letter to employees dated today, President and CEO Chris McCormick said the company is “overstaffed for the volume of business” the outdoor outfitter is seeing. McCormick said the [...]
Yahoo Inc. will lay off nearly 700 workers after getting off to a bumpy start under a tough-talking new boss who has promised to engineer a long-awaited turnaround at one of the Internet’s best-known franchises. (AP)
This is a great list, but obviously incomplete.
We have compiled a list of 12 brands that will we believe will not survive until the end of next year. Each brand and the major reasons for its demise are listed along with some of the public information 24/7 Wall St. examined. (24/7 Wallstreet)
Sounding the death march for SE here at Screwdd…
Struggling Sony Ericsson plans to cut another 2,000 jobs after shipments and market share dipped during the first quarter.
The announcement after number-one phone maker Nokia reported a 27 percent drop in sales but offered a glimmer of hope with expectations that next-quarter sales will be about the [...]
ArcelorMittal plans to lay off approximately 400 workers in Indiana Harbor’s Long Harbor facility in the next few months as slumping demand for steel continues to hit the steel industry hard.
The long carbon facility produces bars used primarily in heavy equipment and automobile manufacturing, which is also suffering due to the worldwide recession.
United Steelworkers District [...]
Switzerland’s largest bank, plans to cut another 7,500 jobs, bringing total staff reductions to almost 20 percent of the workforce, amid mounting losses and customer defections.
UBS remains in a “precarious situation” after clients withdrew 23 billion Swiss francs ($20.1 billion) from the main wealth management unit and the bank posted a first-quarter net loss of [...]
