A Dutch-owned aluminum plant in southern Romania plans to lay off up to 1,200 people — more than a third of its work force — as the economic crisis grips Romania.
Sovereign Bank, the banking unit of Sovereign Bancorp Inc., said Friday it is cutting 1,000 jobs, or 8.3 percent of its work force, in an effort to reduce costs amid the economic downturn.
ASML Holding NV, a key supplier to Intel Corp. and other computer chip makers, said Thursday it is slashing 1,000 jobs — more than 10 percent of its global work force — following a plunge in orders.
Juan Jimenez's job at the casino wasn't the most glamorous one in the place.
A Russian-owned bauxite and alumina producer is laying off about a tenth of its nearly 600 employees in the South American country of Guyana.
Gillett Evernham Motorsports will layoff about 65 employees in several departments as part of scaling back its Nationwide Series program next season.
A Russian-owned bauxite and alumina producer is cutting 150 jobs at its Jamaican plants due to plunging demand for the chief ore in aluminum.
German-owned automaker SEAT on Tuesday said it plans temporary layoffs for 5,300 workers in Spain in the first half of next year because of falling sales.
For nearly a year, Suzanne Beckstrom watched warily as employee after employee was laid off in her office at a small Southern California housing development. One by one, she said goodbye to construction workers, sales staff, administrative help — even the marketing manager who oversaw Beckstrom’s work.
Dutch chemicals maker DSM NV said Monday it is cutting 1,000 jobs — 5 percent of its work force — to help it weather the global financial storm.
Swedish appliance maker Electrolux AB Monday said it will lay off more than 3,000 staff globally because of a slump in the market.
International casino owner Las Vegas Sands Corp. is cutting more than 200 workers from its Venetian and Palazzo casino-hotels on the Las Vegas Strip as part of an effort to save $100 million annually companywide.
Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.
Struggling Sun Microsystems will halt production at its Linlithgow plant in Scotland, the company said Thursday, part of a move to consolidate its global manufacturing operations at a single site in Hillsboro, Oregon.
Britain's second-largest telecoms company is dismissing about 1,200 workers at its Caribbean operations as part of a regional restructuring.
Wyeth Pharmaceuticals says it will lay off 276 workers in Puerto Rico due to a company restructuring and a drop in demand for locally manufactured products.
Swedish bearings maker SKF AB on Wednesday said it is slashing nearly 6 percent of its work force, or 2,500 jobs, worldwide to adapt to lower demand from the auto sector due to the global financial crisis.
The recession has hit the NFL. The league said Tuesday it is cutting more than 10 percent of its headquarters staff in response to the downturn in the nation's economy. Commissioner Roger Goodell announced the cuts in a memo to league employees. The NFL is eliminating about 150 of its staff of 1,100 in New York, NFL Films in New Jersey and television and Internet production facilities in Los Angeles.
Petty Enterprises released at least three dozen employees Monday as the team continues to search for either a merger or a miracle that would keep the famed organization operating in 2009.
In a Dec. 6 story about layoffs in Massachusetts, The Associated Press reported erroneously that Staples Inc. would lay off half its home office. Instead, the company will lay off about 140 workers, including half from its home office in Framingham.
Swedish steel maker SSAB will cut 1,300 jobs because of rapidly falling demand for steel, the company said Monday.
Sotheby's Inc. has approved a restructuring plan that will lead to salary reductions and layoffs because of poorer than expected earnings.
Nomura Holdings Inc. will layoff up to 1,000 employees in London, less than three months after it bought big chunks of the global business of failed U.S. investment bank Lehman Brothers Holdings Inc.
Jet engine maker Pratt & Whitney laid off about 350 employees across the country on Wednesday amid concerns that airlines may delay or cancel orders as the global economy slows.
About 200 workers have been laid off from a luxury resort in Puerto Rico, officials said Tuesday, adding to the struggles of a Caribbean hotel industry hit by falling revenues and bookings due to the global financial crisis.
A growing number of employers, hoping to avoid or limit layoffs, are introducing four-day workweeks, unpaid vacations and voluntary or enforced furloughs, along with wage freezes, pension cuts and flexible work schedules.
Wow! These are some pretty pissed off people. It just bodes well to let you see for yourself what they've written.
I grieve again... Grief to me is like a heaviness, a huge emotional weight that I carry inside. From outward appearances, I am fine. But mentally I am not. These past few years have provided too many occasions for me to explore the concept in my own life.
Late paychecks are always a drag, but they're especially inconvenient during the holidays. A delayed payment of a week may mess up one's checkbook, but try not getting paid for three months. That's the position MTV's Street Team found itself in this year.
President Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February.
Hardly a day goes by, it seems, without some laid-off or bought-out journalist writing a letter of condolence to himself and his profession.
Just a few months ago, there was a huge worldwide demand for steel.
I followed the New Yorker piece mentioned in this article (I may have even seeded it), and welcome this take on the peculiar gutting of my one-time profession and permanent vocation.
The economy is in a sore spot, a recession is here and layoffs are plentiful; even within our own luxurious Internet industry. But what is bothering me most are the organizations that put profits before people; and hide behind terms like "right sizing".
More information usually makes markets work more efficiently. If employees are notified that they will lose their job in the future, they can start searching and preparing for a new job sooner.
The NFL owners should be ashamed of themselves. Yeah, I'm talking to you, Jeff Lurie. You and all of the other greedy SOBs who hold the deeds to the league's 32 franchises.
A record 37,000 Arizonans were laid off or fired last month, and it may get worse.
Bank of America Corp. says it expects to eliminate 30,000 to 35,000 jobs over the next three years.
NPR to Cut 64 Jobs and Two Shows Company-Wide Layoffs Seek To Close $23 Million Shortfall Faced with a sharp decline in revenue, National Public Radio said Wednesday it will pare back its programming and institute its first organization-wide layoffs in 25 years.
The ongoing assault on jobs in the US continued unabated on Monday, with several major companies announcing planned layoffs numbering in the thousands. Nearly 2 million jobs already have been cut so far this year.
It's rough out there. Sony is scaling back operations and cutting 16k jobs worldwide as the electronics firm's sales slows during the economic downturn. 8,000 of the cut jobs would come from regular workers and the other half would be from temporary and contract workers.
Sony is reducing its work force by 16,000 including letting go 8,000 temporay and seasonal workers.
After a steady drop in sales since October, Corning will be cutting its workforce in January.
Still, as they milled around the factory's entrance this weekend, some workers said they doubted that the company was really in financial straits, and they suggested that it would reopen elsewhere with cheaper costs and lower pay.
"The economy is now deteriorating with frightening speed and ferocity - it's truly horrific," said Bernard Baumohl, chief economist at the Economic Outlook Group. "We'll see significant declines going forward."
In October of this year the unemployment rate grew 0.4% to 6.5%, its highest rate in 14 years. Ten million Americans are now unemployed: 240,000 people lost their jobs in October, and 284,000 lost their jobs in September.
The downturn in the media industry got even deeper Thursday, as more than 1,000 people who work at Viacom and NBC Universal lost their jobs.
The long-feared Viacom pre-post holiday layoffs are here, and they're not pretty. We heard earlier that as many as 300 layoffs might be coming at MTV today, but the total, Viacom-wide numbers are even worse: 850 people are being cut, about 7% of the company's global staff.
AT&T; Inc. joined the recession's parade of layoffs Thursday by announcing plans to cut 12,000 jobs, about 4 percent of its work force.
You hear the news of the layoffs across the board, hitting the big papers, the big TV stations, the big chain media conglomerates (Gannett, Time Warner, Tribune Co).