Duke Energy is offering voluntary buyouts to most nonunion employees in order to reorganize its corporate staff and save $200 million a year in personnel, travel and real estate costs. No layoffs were planned if the company failed to reach their savings goals according to spokesman Tom Williams. There is no specific number of buyouts [...]
Continue reading...Wednesday, January 6, 2010
Lockheed Martin, the world’s largest defense contractor, announced a revamp of its business division back in November. Today the company said that as a result of the ongoing realignment, some 1200 jobs may be cut. With a total workforce of around 140,000, this represents a little under 1% of the company’s employees. Lockheed Martin [...]
Continue reading...Monday, January 4, 2010
Alcoa, the world’s third largest producer of aluminum, is cutting 235 domestic jobs at two sites. 135 jobs will be cut at a facility in Warwick, Indiana and another 90 from its plant in Tennessee. The Tennessee plant, located in Blount County, lost 450 jobs last year when it shut down its smelting [...]
Continue reading...Monday, November 16, 2009
Amway is cutting 93 jobs in North America and reconsolidating its finance department. The reconsolidation will take place at its operations center in Costa Rica, where some new jobs will be created as a result. Most of the job cuts will be at its headquarters in Ada, Michigan. The company is hoping to reduce [...]
Continue reading...Wednesday, November 11, 2009
Current Media, the Cable TV Network co founded by former Vice President Al Gore, announced that it was cutting 80 jobs as part of a global restructuring. This will bring the San Francisco based company to a total of approximately 300 employees. As part of the restructuring, the company will also shift its [...]
Continue reading...Tuesday, November 3, 2009
Telecommunications equipment supplier Nokia Siemens Networks has announced a cost cutting plan that includes the elimination of 5,700 jobs world wide. The company operates in 150 countries and says that the job cuts will be evenly spread throughout its operations, but no further details were given. Nokia Siemens Networks was created as the result of [...]
Continue reading...Monday, October 12, 2009
Baker Hughes, the world’s third largest oilfield service company, is cutting 62 jobs by mid December. The affected jobs are mostly financial, the company says. These cuts are part of a worldwide reorganization according to spokesperson Gene Shiels. Baker Hughes is currently working on a merger with BJ Services, another Houston based [...]
Continue reading...Thursday, September 17, 2009
Pella Corp., a window and door manufacturer, is cutting 37 jobs at its Sioux City plant at the end of this week. This represents about ten percent of its workforce at the factory, which manufactures windows. The company has indicated that steep reductions in new housing starts have made the cuts neccessary. Founded in [...]
Continue reading...Wednesday, May 20, 2009
Auto parts manufacturer Metaldyne will close its plant in Middleville, Michigan, laying off 110 people. When the plant permanently shuts down on August 31st, 87 hourly and 23 salaried workers will be unemployed. Plymouth, Michigan’s Metaldyne makes oil pumps, water pumps and assemblies for transmissions and automotive front ends. It supplies parts to GM, Ford and Chrysler. Share [...]
Continue reading...Wednesday, May 13, 2009
Minneapolis, Minnesota’s Hennepin County Medical Center will eliminate 75 to 100 jobs by the end of June. It is also placing its plans on hold for a new outpatient care building. The hospital will also require administrators, managers and supervisors to take two days off without pay this year. The facility currently employs almost 5,000 people. It [...]
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Tuesday, January 19, 2010
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