Borders Books will layoff up to 15% of its staff later this week on the heels of poor holiday earnings and the resignation of CEO Ron Marshall. After just one year Marshall resigned to become CEO of the supermarket chain A&P. In the interim Mike Edwards, Border’s Chief Merchandising Officer since September, will act as [...]
Continue reading...Saturday, January 9, 2010
The University Of Louisiana has announced cuts totaling $21.2 million to alleviate the state’s budget gap. Included in the cuts will be terminating 42 currently filled positions and extinguishing 81 additional positions. The University of Louisiana at Lafayette will lose $4.6 million while Southeastern Louisiana University, located in Hammond, LA, will be left with $3.6 million [...]
Continue reading...Monday, November 9, 2009
Sprint Nextel is planning to trim 2,500 jobs across the entire company with many of the layoffs coming before the end of the year. The company is also planning to cut back on the number of outside contractors it uses. No specifics were given in the latest announcement but Sprint has said in [...]
Continue reading...Thursday, October 22, 2009
International Paper announced this morning that they are permanently shutting down a mill in Isle of Wight County, Virginia. The plant has been a part of Franklin since 1887 and is the area’s largest employer. International Paper bought the mill in 1999 and has made several cutbacks in production there in the intervening [...]
Continue reading...Saturday, October 10, 2009
In the latest round of Verizon layoffs, nearly 200 jobs were cut in Rhode Island and Massachusetts. Initially, over 250 jobs were slated to be cut but after last minute negotiations with the union, that number was brought down to 196. These layoffs are part of ongoing cost cutting measures first announced earlier [...]
Continue reading...Tuesday, October 6, 2009
NASA contractor ATK Space Systems will initiate 550 layoffs as they begin to phase-out of the space shuttle program. After the layoffs, ATK Space Systems will be still be home to around 3,900 employees between three different locations in Utah. Employees were aware of the downsizing back in July. Over 130 of them accepted voluntary [...]
Continue reading...Tuesday, October 6, 2009
Papermaker AbitibiBowater has announced 90 layoffs at a plant in Coosa Pines, Alabama. Workers were informed of the decision last week, per state records. The press has been unable to reach officials at AbitibiBowater for a statement. The Coosa Pines plant manufactures newsprint. In 2009 alone, Alabama employers have eliminated more than 14,000 jobs via payroll reductions or [...]
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
Nearly 30 jobs are at risk in the Rockford, Illinois. City representatives are preparing to vote on a proposition that would add three dollars to the sanitation removal fee as well as increase the city residents’ water bills by three percent. Should these amendments be passed, the city expects that it will generate around two [...]
Continue reading...Friday, October 2, 2009
Back in April, Hallmark Cards Inc. announced it was cutting between 550 and 750 jobs. Today it announced an additional 225 to 250 jobs will be cut between now and the end of the year. The job cuts will happen across the company’s US operations, but no specifics were given on which jobs [...]
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Wednesday, January 27, 2010
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