St. Louis Park, Minnesota-based Park Nicollet Health Services will lay off 233 workers and leave 69 open positions vacant. The hospital will also combine management positions, force two weeks unpaid leave, and end matching payments for retirement accounts. The hospital laid off 233 employees in December 2008. Park Nicollet Methodist Hospital is a 426-bed facility recognized as an [...]
Continue reading...Sunday, April 19, 2009
Toledo, Ohio has issued layoff notices to 75 police officers, 17 fire department civilian workers, and 142 general-fund workers. Layoffs will begin May 1st. Remaining city workers will see hours cut to 32 a week, representing a 20% pay cut. The 234 new layoff letters were hand-delivered last week, presumably so managers could see the priceless looks [...]
Continue reading...Friday, April 17, 2009
Automated microchip test equipment maker Teradyne will eliminate 350 jobs in Q2, and further slash its executives’ annual salaries. The layoffs affect 9% of Teradyne’s workforce. The North Reading, Massachusetts-based firm will cut executive salaries a third time since October, an overall pay cut of 20%. The firm was founded in 1960 by Alex d’Arbeloff and Nick DeWolf, [...]
Continue reading...Thursday, April 16, 2009
Unpronounceably-named computer chip manufacturer Xilinx will trim 6% of its global workforce, eliminating 200 jobs. The firm is cutting executive salaries and freezing compensation for others. CEO Moshe Gavrielov will have his annual salary reduced by 20% to $560,000. The board of directors will also see a 20% cut. Xilinx is the world’s largest supplier of programmable [...]
Continue reading...Thursday, April 16, 2009
It may be the Best place to Buy, but it sure ain’t the best place to work right now. Richfield, Minnesota-based consumer electronics chain Best Buy will cut an undisclosed number of jobs, and demote managers and senior-level sales personnel. Some 8,000 workers may see pay reduction of up to 50%, and 1,000 managers will be cut [...]
Continue reading...Wednesday, April 15, 2009
The Utah Department of Corrections will eliminate 160 full-time jobs, or 6% of its work force. But only three workers will be laid off. Twenty-three people will be reassigned, and some of those will take pay cuts of up to 37%. Twenty-one workers took voluntary early retirement. Utah Corrections lost $20 million from its 2010 budget. Share This [...]
Continue reading...Tuesday, April 14, 2009
The Glendale [Arizona] Elementary School District is laying off 9 school psychologists, three social workers, four administrators and a student adviser, due to budget uncertainties. Also, one art teacher and four physical education teachers were laid off due to lower enrollment projections. The school board also unanimously approved a 1% pay cut, and up to five furlough [...]
Continue reading...Monday, April 13, 2009
ArvinMeritor will shut two Canadian plants, and laid off 250 people in February and March. Almost 100 job cuts came from the light vehicle division’s headquarters in Detroit, and the auto supplier’s global headquarters in Troy, Michigan. The job cuts, plant closures, and salary cuts create $430 million in annual savings for ArvinMeritor. ArvinMeritor, a Fortune 500 company, [...]
Continue reading...Monday, April 13, 2009
The Naples, Florida City Council will raise taxes on property for 2010, rather than lay off more workers. As property values fall, the city must raise the tax rate to generate the same amount of income. The city is also planning unpaid days off, and salary & benefit reductions. Some 19 full-time workers will still be laid [...]
Continue reading...Tuesday, April 7, 2009
Olympic Steel has reduced its workforce by 21% from peak 2008 levels, and cut salaries. The provider of steel products also made company-wide base pay cuts of up to 10%, and has reduced work hours. Cleveland, Ohio’s Olympic Steel is a steel processor with major production operations in the United States. The company has seventeen facilities throughout [...]
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Tuesday, April 21, 2009
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