Telecommunications equipment maker Tellabs will cut 200 jobs over the next five quarters as part of a restructuring plan. Tellabs, which reported a net profit of $62 million for the fourth-quarter thanks to a positive tax adjustment, is attempting to cut costs while shifting the company’s focus to Ethernet and Internet network equipment. Tellabs said that while [...]
Continue reading...Monday, January 25, 2010
Potentially 155 Tulsa, Oklahoma police officers will lose their jobs by Friday if an agreement between the officer’s union and the city cannot be reached. Today Mayor Dewey Bartlett will present a new plan to limit the number of layoffs. Bartlett is expected to propose a 5.2% pay cut through next year. The Fraternal Order [...]
Continue reading...Friday, January 22, 2010
Xerox Corp. plans to cut upwards of 2,500 jobs, or about four percent of its work force, as part of a restructuring plan that could save the company around $200 million a year. The looming cuts were announced Thursday by chief executive Urula Burns during a conference call outlining the company’s fourth-quarter earnings report. Burns indicated [...]
Continue reading...Wednesday, January 20, 2010
This one is definitely a case of good news/bad news. The good news is that Michigan’s unemployment rate fell for the third straight month in Michigan. The bad news is that the .1% drop in unemployment brings it down to 14.6% from November’s 14.7%, and Michigan continues to have the highest unemployment rate [...]
Continue reading...Wednesday, January 20, 2010
The unemployment rate for the state of Washington rose a half a percentage point in December to 9.5 percent. Employment shrank by 3,800 jobs in December, which was a jump from the 1,100 jobs that were lost in November when the seasonally adjusted unemployment rate was 9 percent. The latest results are from a report issued [...]
Continue reading...Wednesday, January 20, 2010
John Morrell , a subsidiary of Smithfield Foods, will close its meat fabrication plant in Sioux City and shed 1,450 jobs in the process. Company president Joseph Sebring said the plant was “one of the oldest, most outdated and inefficient in the Smithfield system. It will close April 20. “We recognize layoffs and plant closings are [...]
Continue reading...Friday, January 15, 2010
Anheuser-Busch Inc, maker of Budweiser, announced today that it is cutting a small number of salaried positions from its domestic breweries. The company did not say how many positions or which breweries would be affected. This is the second set of domestic job cuts in the last year for the beer company. [...]
Continue reading...Friday, January 8, 2010
UPS announced today that it was cutting 1800 jobs nationwide as it reduces the number of districts and regions involved in its small package delivery service. By taking advantage of technological advances and consolidating operations, approximately 1800 management positions will be made obsolete. UPS says that about 1100 employees will be offered voluntary [...]
Continue reading...Monday, December 28, 2009
That 2009 was a rough year for the job market should come as a surprise to nobody. Not all professions suffered in equal amounts, however. According to the most recent numbers from the Bureau of Labor Statistics, which cover the first three quarters of 2009, the two jobs that took the biggest hit [...]
Continue reading...Monday, December 21, 2009
Maryland’s loss is Wisconsin’s gain. Telkonet, a maker of efficiency products, is moving its headquarters along with 50 jobs from Maryland to Wisconsin as part of a broader cost saving plan. Telkonet manufactures and installs energy management and wireless applications for residential and commercial properties, including Choice Hotels, La Quinta, and Best Western. Share This Story:
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Tuesday, January 26, 2010
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