Entries for the ‘Industry Blues’ Category

Office Depot to Pull Back as Sales Weaken

Office Depot Inc. said it will close 112 underperforming stores in North America over the next three months, while halving its plans for new store openings next year. (WSJ)

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Uh, Breaker One-Nine, this here’s the Rubber Duck

Mack Trucks is laying of 180 employees at its factory near Allentown.
Mack spokesman John Walsh says the end of year production shutdown is extended an extra week this year because of the economic conditions.
Walsh says the layoffs will take effect at the close of production at the plant on Dec. 23 and production will resume [...]

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NPR to lay off 7 percent of staff

National Public Radio said Wednesday that it’s laying off 7 percent of its staff, the first time it’s downsizing in 12 years, after experiencing sharp declines in funding, especially from corporate sponsors.
NPR said the layoffs affect 64 full-time staff, of which half comes from news and programming. The rest are in station services, engineering, information [...]

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MapInfo to layoff 128

The financial sector’s woes are spilling over into the software sector, prompting Pitney Bowes MapInfo to layoff 128 full-time workers worldwide.
The demographic map company announced the job cuts earlier this week. About 10 percent of the layoffs will come at MapInfo’s headquarters in the Rensselaer Polytechnic Institute Technology Park. (Daily Gazette)

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Are you ready for some football?

The National Football League will cut about 150 league jobs, or about 14% of its staff, over the next 60 days to cut costs in response to the recession, according to media reports Tuesday. The layoffs will not affect individual teams, which are controlled by the clubs, but will affect the NFL’s New York City [...]

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Netflix is full stream ahead

50 to go:
In a corporate blog post today, Netflix said 50 of its technical specialists in its customer service group will be let go at the start of next year. The reason? The company isn’t blaming the economy, it’s blaming Microsoft’s Silverlight.  (NewTeeVee.com)

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Screwdd indicator

The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.
The company has retained Cushman & Wakefield, the real estate firm, to act as its agent to secure financing, either in the [...]

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Think it will have any impact on the DOW?

Dow Chemical Co. said Monday it will streamline its business by cutting about 5,000 jobs, closing plants and shedding assets. (CNN)

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Laid off from a land down under

ANZ will lay off 800 staff in coming weeks as the effects of the global financial crisis hits the domestic sector hard.
According to a report in the weekend edition of the Australian newspaper, around half the layoffs have already been announced, with the remainder to be made in the coming two weeks. (MarketWatch)

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Or just read Screwdd

California’s WARN law requires certain companies with more than 75 employees to provide 60 days advance notice of a plant closing or mass layoff involving 50 or more employees.Search our database by company to see if your employer has filed a notice and to see how many layoffs are planned in 2008 in each California [...]

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