The largest newspaper in Oregon has laid off about 5% of its staff, 37 workers in total. The Oregonian gave grim news to their employees on Wednesday and severance packages were offered to the displaced workers. The bulk of the losses occurred in the news department, although accounting, advertising, and circulation suffered losses as well. The Portland-based newspaper [...]
Continue reading...Friday, December 11, 2009
Walter Energy, a coking coal producer, has announced plans to immediately close a fiber plant in Alabama. According to the company, the plant is not part of its core portfolio. 87 jobs will be cut but the company says there is room for over half of the affected employees in other parts of [...]
Continue reading...Monday, November 9, 2009
Video and computer game maker Electronic Arts is planning to cut 1500 jobs, or about 17% of its total workforce. The cuts are a reaction to sharp drops in consumer spending on entertainment. EA recently acquired online game maker Playfish and is shifting its focus away from traditional “pay then play” games to the [...]
Continue reading...Wednesday, October 28, 2009
US Airways, as part of an overall cost savings program that will eliminate 1000 jobs, has announced that it will reduce the number of flights into Las Vegas by 44 percent. The carrier will also end non-stop service between Las Vegas and ten other cities. With 6500 new hotel rooms set to open [...]
Continue reading...Tuesday, October 27, 2009
The economic down turn continues to take a heavy toll on our education system. Two Thirds of the nation’s schools reported cutting jobs this year, and a whopping 83% expect to cut more jobs next summer. Job losses have been heaviest among aids and teachers of core subjects like Math and English. [...]
Continue reading...Wednesday, October 7, 2009
Dell inc. is closing a computer manufacturing plant in North Carolina, putting 900 people out of work. 600 of those jobs will end in November, with the remainder to last until January. The plant opened in 2005 under a deal that gave Dell $300 million in state and local incentives. In return [...]
Continue reading...Monday, October 5, 2009
Conde Nast Publications announced that they are shutting down Gourmet, Modern Bride, Elegant Bride and Cookie. The company will continue to publish its remaining 19 magazine titles, including Bon Appetit. Conde Nast says the decision to stop publishing these titles is the result of huge cutbacks in advertising. Gourmet, the nation’s oldest [...]
Continue reading...Monday, October 5, 2009
Every year at this time, the casinos of Atlantic City scale back. The post labor day cuts are not directly related to the economy, but that’s little consolation to the 1,000 employees that no longer have a job. Overall employment in the AC Casino industry is still down as well, with total staffing [...]
Continue reading...Monday, October 5, 2009
Nestle Waters will lay off 32 workers at their Red Boiling Springs plant in Tennessee. The company is citing the down-and-out economy as the reason for the layoffs. The layoffs will affect all levels of employees. To compensate for the loss in workers, some employees who still have jobs will be assigned new responsibilities and work shifts. Those [...]
Continue reading...Friday, October 2, 2009
If you spend much time surfing news sites, you can’t help but notice it. Job losses are still increasing, job creation has not rebounded and other sectors of the economy are taking a hit. Across the board today, everywhere I look the headlines all tie falling stock prices, falling oil prices, falling value [...]
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Friday, February 26, 2010
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