“Mayor Dave Bing has threatened that an additional 1,000 city workers will lose their jobs starting Saturday, but as of late Wednesday, his spokesman said hard numbers on how many people would be affected and in which departments were unavailable because of ‘variables’ that are part of the layoff plan.
‘There are a number of variables [...]
“ConAgra announced last week in a meeting with its employees it would cut nearly 300 positions at the Garner location as a direct result from the June 9 explosion on Jones Sausage Road. The cuts are set to come in mid-November and would be based on seniority.
While the company has been paying all employees for [...]
“Up to 400 Nortel employees in the enterprise division’s Toronto, Ottawa, and Belleville, Ontario may be laid off resulting from the sale of that unit to Avaya (News – Alert), reports the Canadian Press.
If true, this development could rekindle a possible election in whose outcome i.e. a defeat of the ruling Conservatives and their replacement [...]
“JPMorgan Chase & Co. has informed state officials that it is laying off 43 employees in its Treasury and Securities Services business in downtown Milwaukee as a result of a relocation of the business unit.
The New York City-based financial company said affected employees from its offices at 111 E. Wisconsin Ave. will be notified beginning [...]
“Philadelphia’s mayor says nearly 3,000 city workers will get layoff notices Friday unless the state Legislature approves changes the city needs to balance its budget.
The layoffs would be effective Oct. 2 and include more than 1,000 police officers and firefighters.
The city is trying to close a $1.4 billion, five-year budget deficit.”
(Source: Nearly 3,000 Philly [...]
“Best Buy Co., the largest U.S. electronics retailer, said Tuesday second-quarter results fell below expectations as sales at established stores fell.
Still, the retailer raised its guidance for the year based on stabilizing customer traffic.
Profit for the three months ended Aug. 29 fell 22 percent to $158 million, or 37 cents per share, from $202 million, [...]
“Japan Airlines said Tuesday that it would cut 6,800 jobs, trim routes and quickly secure emergency funds from an overseas carrier, stepping up restructuring efforts amid mounting losses that threaten to pull the company under.
Delta Air Lines, the world’s biggest airline, and American Airlines are battling over a stake in Japan Airlines, which had a [...]
The United States auto market may be showing signs of a forthcoming turnaround, but General Motors announced this week that it will need to shed another 1,000 white collar workers. The news comes as the Detroit automaker fell short of its target for employee buyout and early retirement packages.
According to The Detroit News, GM plans [...]
