BAD BAD BAD

Postby Pit♥bull » February 19th, 2009, 4:25 pm

Good luck to us all :(
Code: Select all
 FIRST-QUARTER LAYOFFS: Selection Of Job Cuts By Major Companies
Last update: 2/19/2009 12:00:00 PM
The following chart is a selection of some first-quarter announcements of job cuts since the beginning of the year. Some numbers are estimates.

 
   Company Name              Date of      Number of      Percent
                           Announcement    Jobs Cut     Work Force
 
   Goodyear Tire           02/18/2009       5,000          7%
   Rockwood Holdings       02/18/2009         900          9%
   General Motors Corp.    02/17/2009      47,000       18.7%
   Chrysler LLC            02/17/2009       3,000         N/A
   Smithfield Foods        02/17/2009       1,800        3.4%
   Wal-Mart Stores         02/13/2009   1,100-1,200 -k    N/A
   Pioneer Corp.           02/12/2009      10,000 -l      16% -l
   ArcelorMittal           02/11/2009       9,000          3%
   General Motors          02/10/2009      10,000         14% -g
   Unisys                  02/10/2009       1,300         N/A
   UBS                     02/10/2009       2,000        2.6%
   FedEx Corp.             02/09/2209         900        2.6% -j
   Anglo Platinum          02/09/2009      10,000         13%
   Nissan Motor            02/08/2009      20,000          8%
   International Rectifier 02/05/2009         850         18%
   Power-One Inc.          02/05/2009       1,000         22%
   Bombardier              02/05/2009       1,360        4.5%
   Estee Lauder            02/05/2009       2,000          6%
   Time Warner Cable       02/04/2009       1,250          3%
   Harman International    02/04/2009       1,110        9.4%
   Panasonic               02/04/2009      15,000          5%
   Electronic Arts Inc.    02/03/2009       1,100         11%
   PNC Financial Services  02/03/2009       5,800         10%
   SAS                     02/03/2009       3,000         13% -h
   Atlas Copco             02/02/2009       3,000          9%
   Macy's                  02/02/2009       7,000          4%
   NEC                     01/30/2009      20,000          7%
   Hitachi                 01/30/2009       7,000          2%
   Caterpillar             01/30/2009      22,110 -f      N/A
   American Axle           01/30/2009       3,000         N/A
   Chartered Semiconductor 01/29/2009         600          8%
   Charles Schwab Corp.    01/29/2009     500-600       3.7%-4.5%
   Black & Decker          01/29/2009       1,200          5%
   Bon-Ton Stores Inc.     01/29/2009       1,150          3%
   Eastman Kodak           01/29/2009       4,500         18%
   AstraZeneca             01/29/2009       7,400         11%
   Ford Motor Credit       01/28/2009       1,200         20%
   Boeing Co.              01/28/2009      10,000          6% -d
   Allstate Corp.          01/28/2009       1,000 -e     2.6%
   Jabil Circuit           01/28/2009       3,000        4.9%
   AOL                     01/28/2009         700         10%
   Starbucks               01/28/2009       6,700          4%
   SAP                     01/28/2009       3,000          6%
   STMicroelectronics      01/28/2009       4,500          9%
   Avery Dennison          01/27/2009         N/A         10%
   Baker Hughes            01/27/2009       1,500          4%
   Corning                 01/27/2009       3,500         13%
   Cooper Industries       01/27/2009       2,200          7%
   Clariant                01/27/2009       1,000          5%
   Texas Instruments       01/26/2009       3,400         12%
   Home Depot              01/26/2009       7,000          2%
   Sprint Nextel           01/26/2009       8,000         13%
   Pfizer                  01/26/2009       8,300         10%
   ING                     01/26/2009       7,000          5%
   Philips Electronics     01/26/2009       6,000          5%
   Corus                   01/26/2009       3,500         10%
   Harley-Davidson         01/23/2009       1,100         11%
   Microsoft               01/22/2009       5,000          5%
   Huntsman                01/22/2009       1,175          9%
   Intel                   01/21/2009       6,000 -c       7%
   UAL                     01/21/2009       1,000          2%
   Eaton                   01/20/2009       5,200          6%
   Bose                    01/20/2009       1,000         10%
   Rohm & Haas             01/20/2009         900        5.7%
   Clear Channel           01/20/2009       1,850          9%
   ConocoPhillips          01/16/2009       1,300          4%
   Circuit City            01/16/2009      34,000        100% -a
   Pfizer                  01/16/2009       3,200 -b       3%
   AMD                     01/16/2009       1,100          9%
   Hertz Global Holdings   01/16/2009       4,000         13%
   Wellpoint               01/16/2009       1,500        3.6%
   Saks                    01/15/2009       1,100          9%
   MeadWestvaco            01/15/2009       2,000         10%
   Autodesk                01/15/2009         750         10%
   Motorola                01/14/2009       4,000          6%
   Barclays                01/14/2009       2,100        1.3%
   Seagate Technology      01/12/2009         800         10%
   Cessna                  01/12/2009       2,000         N/A
   Walgreen           01/08/2009       1,000          9% -i
   Lenovo Group            01/08/2009       2,500         11%
   EMC                     01/07/2009       2,400          7%
   Alcoa                   01/06/2009      15,000       14.5%
   Cigna                   01/05/2009       1,100          4%
 
   a. Company in liquidation
   b. Includes announcements of 2,400 cuts on Jan. 16 and 800 layoffs on Jan.
     13.
   c. Number of employees affected by plant closures, not all will lose jobs
   d. Includes Jan. 9 announcement of 4,500 layoffs from commercial-airplane staff
   e. Reductions to come over the next two years
   f. Includes 20,000 job cuts announced Jan. 26 and 2,110 announced Jan. 30
   g. 14% of salaried work force.
   h. The work force will be reduced by another 5,600 staff as divisions are divested or outsourced.
   i. The percentage represents cuts made to eligible corporate positions and certain field-management positions
   j. Percentage of work force reduced at FedEx Freight unit.
   k. Cuts include corporate headquarters staff reduction announced Feb. 10 and Georgia return center staff announced Feb 13.

l. Cutting 6,000 permanent jobs, or 16% of global work force, plus 4,000 temproary job.
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Postby SisMorphine » February 19th, 2009, 4:45 pm

UGH! That is absolutely dreadful news :(
"All changes, even the most longed for, have their melancholy; for what we leave behind us is a part of ourselves; we must die to one life before we can enter another." -Anatole France
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Postby TheRedQueen » February 19th, 2009, 4:48 pm

I keep hearing more and more job cuts on the radio each day...but to put it all together like that really hits home.

:shock:
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Postby Tiger » February 20th, 2009, 12:37 am

Utterly terrifying. Especially for those of us who are out of a job now.

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Postby Malli » February 20th, 2009, 3:49 am

Wes was just layed off. I'm not quite sure what we're going to do.
I can only please one person per day. Today is not your day, tomorrow doesn't look good either.
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Postby iluvk9 » February 20th, 2009, 4:51 pm

Malli wrote:Wes was just layed off. I'm not quite sure what we're going to do.


Sorry, Mallika.
:hug3:
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Postby Pit♥bull » February 20th, 2009, 4:56 pm

"Change"...Better get here quick or nobody will have any change >(
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Postby Malli » February 20th, 2009, 6:02 pm

iluvk9 wrote:
Malli wrote:Wes was just layed off. I'm not quite sure what we're going to do.


Sorry, Mallika.
:hug3:



aw thanks Joycie :)
I can only please one person per day. Today is not your day, tomorrow doesn't look good either.
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"You didn't know of the magical powers of the break stick? It's up there with genies and Harry Potter as far as magic levels go." SisMorphine 01/07/07
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Postby AllAmericanPUP » February 22nd, 2009, 7:34 pm

My uncle works for Panduit and last night he told me they just let off 140+ people last week.

it's a crappy state our country is in right now
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