Thread: Job Cuts for today...
01-28-2009, 11:21 PM #1
Job Cuts for today...
This is just a few of the press releases.
My thoughts on this are twofold.
1. There are a lot of workers who are not pulling thier weight. I have seen this all the time and many hard working conscientious people pull more than their fair share. This will shake that tree a bit. If employers would cut according to the attitude and production (which needs to be reciprocal on management levels I might add)...this may not be so bad. It will force those who are on the dole to pony up.
2. If you are getting cut from a job, the only thing I can say as I am in the private sector entrepreneurial area where working 1 hour at government work loads probably equals about 4 for the same price. I put in more hours for less return, as many private business owners do. (not all, as some have a niche market that produces more opportunities to hire those with skills to support thier goals). Mainly my point: The strong will stay strong and if you are weak, depression, fear, resentment, and a general malaise will conquer the spirit.
It is time to get strong. You will know best what you are made of and who you truly are, how you put your faith and beliefs into practice (not lip service) by perserverance. Not matter how horrible and miserable it becomes.
The weak will fall and the strong will continue to move forward. It is going to be as simple as that. People will become far more creative at thier pursuits, probably have to work harder, become more competitive and it will be a change of lifestyle. Many comforts that used to be taken for granted will now be coveted.
Well, anyhow, that's how I'm going to approach this economical downturn...
Starbucks to Cut 6700 Jobs After Earnings Fall 69%
Bloomberg - 3 hours ago
By Courtney Dentch Jan. 28 (Bloomberg) -- Starbucks Corp., the world’s largest chain of coffee shops, said it will cut 6700 jobs and close 300 more stores after reporting first-quarter profit that fell more than analysts estimated.
Starbucks to close more stores as profit drops MarketWatch
Starbucks Brews A Bitter Cup Forbes
Bizjournals.com - BusinessWeek - New York Times - guardian.co.uk
all 507 news articles » SBUX
Boeing Plans to Cut 10000 Jobs as Demand Weakens
Bloomberg - 5 hours ago
By Susanna Ray Jan. 28 (Bloomberg) -- Boeing Co. said it plans to cut 10000 jobs, or more than 6 percent of its workforce, after a strike and program delays led to a fourth-quarter loss and a global recession began to erode demand for aircraft.
Boeing to Chop 10000 Jobs BusinessWeek
Boeing hit by first big cancelled 787 order Financial Times
Bizjournals.com - CNNMoney.com - New York Times - BNET
all 762 news articles » AMS:BOEI - BA
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Kodak May Announce Further Restructuring, Job Cuts
Bloomberg - 12 hours ago
“Kodak should take dramatic action to cut product lines and operating expenses.” Kodak job losses would come as the US faces its highest unemployment rate ...
Cuts at Kodak News 10NBC
IBM continues job cuts across the country
Newsday, NY - Jan 27, 2009
Lee Conrad of the Alliance at IBM _ a labor union tracking the cuts _ says up to 800 workers from IBM's Systems Technology Group lost their jobs at plants ...
IBM Shares Fall After Job-Cut ReportTheStreet.com
Thousands of Job Cuts Likely After Drug Merger
New York Times, United States - Jan 27, 2009
Pfizer’s chief executive, Jeffrey B. Kindler, said that even without the deal, the company planned to cut 8000 jobs by 2012. The company has about 4500 ...
ESPN facing job cuts, hiring freeze
The Associated Press - 4 hours ago
The company is not ruling out layoffs, although the vast majority of job cuts will come through not filling open jobs, a spokesman said. ...
Analogic announces 140 job cuts
Bizjournals.com, NC - 9 hours ago
Analogic Corp. said Wednesday it plans to lay off about 140 employees due to weak health care equipment spending. The Peabody, Mass., maker of imaging ...
Analogic to cut approximately 140 jobs Boston Herald
Tech Sector Job Losses Continue to Mount, an Industrial Info News ...
MSNBC - 9 hours ago
... been feeling the pinch, leading to several rounds of job cuts, plant closures, salary reductions and the cancellation or postponement of capital plans.MSFT - INTC - AMD
Car parts maker confirms job cuts
BBC News, UK - 20 hours ago
Engineering group GKN has said that it has cut 2800 jobs worldwide since October as a result of the sharp downturn in the global car industry. ...
Cooper profit drops 38%, makes deeper job cuts
MarketWatch - Jan 27, 2009
... Industries reported Tuesday a 38% drop in fourth-quarter net income as demand for its electrical products slowed and the company made deeper job cuts. ...
Cooper doubles job cuts as 4Q profit falls Forbes
Target to Cut 9% of Headquarters Jobs, Shut Distribution Center
Bloomberg - Jan 27, 2009
The job cuts follow announcements by Home Depot Inc., the largest home-improvement chain, yesterday that it’s eliminating 7000 positions and by luxury ...
Indian Exporters Cut 1 Million Jobs as Foreign Orders Decline
Bloomberg - 2 hours ago
“The job losses are very substantial and are likely to be of the order of 700000 to 1 million, including temporary staff,” Commerce Secretary GK Pillai told ...
Rendell estimates job cuts
Philadelphia Inquirer, PA - 19 hours ago
Miriam Fox, executive director of the Appropriations Committee, said declining sales-tax revenue, a prolonged period of job cuts, and rising health-care and ...
More than 10000 job cuts announced Tuesday
CNN - Jan 27, 2009
The huge number of job cuts pales only in comparison to Monday's statistics: seven companies issued job cut announcements totaling more than 71400 layoffs. ...
Target, other companies cut jobs Orlando Sentinel
Ashland sets job cuts, furloughs in cost-cutting move
Bizjournals.com, NC - Jan 27, 2009
Ashland Inc. Tuesday announced a broad program to cut costs, including a wage freeze, the elimination of 1000 jobs through September and a two-week furlough ...
Ashland posts 1Q loss, plans 1300 job cuts International Herald Tribune
Sprint job cuts to total 8000
CNNMoney.com - Jan 26, 2009
By Julianne Pepitone, CNNMoney.com contributing writer NEW YORK (CNNMoney.com) -- Sprint Nextel Corp. will cut a total of about 8000 jobs by March 31, ...
Sprint job cuts will ripple through KC area, CERI official says Bizjournals.com
Dell To Take $280 Mln. Charges In Q4 On Job Cuts And Stock ...
RTT News, NY - 4 hours ago
For the fourth quarter, the Round Rock, Texas-based computer maker expects additional pretax expenses of $135 million from job cuts and another pretax, ...
Dell says expects $280 mln in 4th-qtr expenses Reuters
Sun earnings top analysts’ estimates after job cuts
Business Mirror, Philippines - 9 hours ago
The cuts will be completed this quarter, Lehman said. Costs related to the shakeup totaled $222 million in the second quarter. ...
Sun’s Loss Reflects Revamping Costs New York Times
Governor calls for job cuts
Columbia Daily Tribune, MO - 8 hours ago
Also among Nixon’s proposed cuts is $14.6 million for University of Missouri Extension, half the state’s allocation for Extension services. ...
Missouri governor proposes job cuts, expanded health care Quincy Herald Whig
ReutersTI job cuts begin Tuesday in Dallas
Bizjournals.com, NC - Jan 27, 2009
Job layoffs at Texas Instruments' Dallas operations will begin Tuesday, the chipmaker said via a "WARN" notice sent to the Texas Workforce Commission. ...
Texas Instruments Makes Over 3000 Job Cuts WiredPRNews.com (press release)
Clariant Follows Rivals With Job Cuts
Forbes, NY - Jan 27, 2009
"Every company has to be pragmatic," said a spokesman for Clariant, when asked whether additional job cuts could be on the way. "But we believe that these ...
Clariant announces more job cuts Swissinfo
SC job losses spread; rate at 9.5 %
The State, SC - 23 hours ago
By NOELLE PHILLIPS - firstname.lastname@example.org For the first time since South Carolina’s job slump began, the largest number of losses were reported in a ...
Manufacturing losses drive up jobless rates Fort Wayne Journal Gazette
Early retirements offered as solution to job cuts
Fox44 News, Vermont - 8 hours ago
... Vt. (AP) - Early retirements and unpaid holidays are two possible alternatives to at least some of the 600 state job cuts called for by Gov. ...
Automobile MagazineFord Credit Will Cut 1200 Workers as US Auto Sales Slide
Bloomberg - 59 minutes ago
The job cuts begin the middle of next month and are scheduled to be complete by the end of July. The credit unit will cut 275 salaried and contract ...
Ford Credit to cut 20% of US work force as sales fall Automotive News
Mass. hospital group announces job, service cuts
WTEN, NY - 7 hours ago
The job cuts are about 8% of its work force. Other steps include merging six primary care locations into other health centers and closing the inpatient ...
Cambridge Health Alliance to cut 300 jobs, close 6 centers Boston Herald
Fiat, unions fear job cuts in Italian auto sector
International Herald Tribune, France - Jan 27, 2009
AP ROME: Some 60000 jobs could be lost in Italy's auto sector unless the government comes to its rescue, union leaders and Fiat's chief executive said. ...
Fiat boss fears 60000 job losses Aljazeera.net
More job cuts at Lima Ford plant
13abc.com, OH - 5 hours ago
More job cuts at a northwestern Ohio Ford plant. Ford plans to indefinitely lay off up to 70 of its 730 employees at its Lima plant. ...
Citrix, Jabil Cut 3500 Jobs Combined as Technology Sales Wane
Bloomberg - 3 hours ago
Through yesterday, US companies had announced more than 519895 job cuts since Nov. 1, according to Bloomberg data. Citrix, which makes networking programs, ...
Citrix Systems 4Q Net Down 4.2%; Cuts 10% Of Work Force CNNMoney.com
Hutchinson Technology announces 100 more job cuts
WTN News, WI - 4 hours ago
Declining worldwide demand has led to 200 layoffs at Hutchinson Technology Inc.'s manufacturing facility in Eau Claire, and company officials are not overly ...HTCH - EPA:MLACO
Boston GlobeNo job cuts for Home Depot
Verde Independent, AZ - Jan 27, 2009
1 home-improvement retailer in the United States, announced Monday that the company will cut 7000 jobs by closing its 34 high-end EXPO Design Center stores ...
Home Depot job cuts won't include Alaska Juneau Empire
01-29-2009, 08:43 AM #2
- Join Date
- Aug 2007
- Rotterdam,NY & Moneta, VA
that distribution center was shut down for a bunch of reason. the main reason was it was built 30 years ago and not strategically placed. there for it was costing us a fortune to transport goods to the stores then is we used other dcs. on the other side of it the building was an older less efficient design. yes the design and lay out of the buildings makes a huge diffrence in the building production.
we have 2 brand new distribution centers opening this year and will start the hiring process next month. all team members from the the little rock Arkansas plant will either have a extensive separation package or have the option to move to another distribution center. i dont think its an immediate close i think it will happen in the next 6-7 months if i remember.
01-29-2009, 09:51 AM #3
Shawn great post! This is a hard time for me this year im already a college graduate with a degree in industrial maintaince and im about to graduate again this fall with a degree in business management. Im only working part time and trying to look for a full time job in a business(perfect timing huh?) I've almost made the decision where I want to continue my eduaction since there are zero jobs around me where I would qualify(all the business in my area want is people with work experience). I've thought about opening my own business but with the economy this bad i might just wait a while. I'm hoping things turn around for the good.
01-29-2009, 10:19 AM #4
Not more than 6 months ago our newspaper would always have about a page and a half of help wanted ads. Now your lucky if there is a column and a half.
It's really getting bad in this area.
01-29-2009, 10:22 AM #5
- Join Date
- Aug 2007
- Rotterdam,NY & Moneta, VA
i suggest looking into target to they like to higher young managment. most of the managers at my distribution center are between 24-30. most are more towards 24.
01-29-2009, 10:26 AM #6
Another advantage is, you get the opportunity to check out the company and management to see if you are a good fit for them, and they are a good fit for you.
01-29-2009, 10:27 AM #7
01-29-2009, 10:44 AM #8
The trend with most of these companies nowadays seems to get rid of the the old and hire the new for less as well Eric so you have that going. Would stink to get a job that way but hey, you are the only one watching your back. Its a dog eat dog world.
01-29-2009, 12:38 PM #9
01-29-2009, 01:03 PM #10
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