St. Vincent’s Hospital in the Greenwich Village neighborhood of Manhattan has laid off 300 workers. 32 medical residents, managers at all levels and members of 1199 SEIU, the hospital union working in dietary, housekeeping and the transportation departments all received lay off notices on Friday. Other workers were asked to take temporary pay cuts of 10-25% [...]
Continue reading...Friday, January 29, 2010
New York City Mayor Michael Bloomberg’s latest budget proposal would eliminate 4,300 jobs and reduce pay raises for teachers. The pending moves come as the result of a $4.1 billion budget deficit the city is facing. “While we will revisit these decisions as the budget process unfolds in months ahead, I will say that at this [...]
Continue reading...Wednesday, January 27, 2010
A proposed state budget is causing considerable consternation down state in New York City. Mayor Michael Bloomberg has stated that Governor Paterson’s state budget as it stands now could reduce the city’s workforce by the thousands in the coming months. Paterson’s proposed budget would cut $1.5 billion in funding to the city Bloomberg said. 9% [...]
Continue reading...Friday, January 22, 2010
The New York State Labor Department reported Thursday that New York City’s unemployment rate rose 10.6% in December, a 17 year high. Hotels, museums and builders eliminated jobs in December and hiring remained weak in other sectors. Overall employment in New York State also rose to 9% from 8.6% in November. Throughout New York state [...]
Continue reading...Thursday, July 30, 2009
Ninety-eight of the nation’s 100 largest cities lost jobs between June of 2008 and June 2009, according to the US Bureau of Labor Statistics. The top three were Los Angeles (259,100 jobs lost), New York City (226,900), and Chicago (207,600). Three more cities lost more than 100,000 jobs; Detroit, Phoenix and Atlanta. The only two exceptions in [...]
Continue reading...Thursday, July 30, 2009
AnnTaylor Stores will cut about 160 jobs. Corporate and divisional jobs will be targeted. The firm also plans to announce that Q2 earnings will be just above break-even. Ann Taylor is a group of specialty apparel retail chain stores for women, headquartered in New York City. The brand is marketed under four divisions; Ann Taylor, Ann Taylor [...]
Continue reading...Thursday, July 16, 2009
New York City securities firms have added 1,400 jobs in May and June, and now employ 164,500 people. Securities firms had been losing jobs since August 2007. The highest employment rate for these firms was in December 2000, when firms employed over 200,000. Despite this, the city’s unemployment rate rose to 9.5% in June, the highest rate [...]
Continue reading...Sunday, June 21, 2009
London’s Christie’s International is cutting more jobs, due to a weak art market and contracting New York art sales. The firm has already cut 10% of it workforce since January, when it had 2,100 employees. It has not said how many people will be cut in this round. Founded in London in 1766, Christie’s is a leading [...]
Continue reading...Thursday, June 18, 2009
Two Coggin Automotive Group dealerships in Kissimmee, Florida will shut down, laying off 97 people. Coggin Chevrolet and Coggin Pontiac/GMC Buick will cease operations in mid-August. Coggin Automotive Group operates 17 dealerships in Jacksonville, St. Augustine, Orlando, Kissimmee, Deland and Ft. Pierce, Florida. Coggin is the largest subsidiary of Asbury Automotive Group, a Fortune 500 company based [...]
Continue reading...Friday, May 29, 2009
New York City’s Globe Specialty Metals has seen a 91.5% fall in Q3 profit, and will cut jobs in its fiscal Q4. A precise number of job cuts has not been released. For Q3 ending March 31, the firm’s net income was $900,000, compared with $10.6 million a year ago. Founded in 2004 as International Metal Enterprises, [...]
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Monday, February 15, 2010
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