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Screwed: Possibly 5,000 at Satyam Computer
A daily review of the employment fallout around the country and the world.
Today’s partial total: 5,734
As many as 5,000 workers at Satyam Computer in India may be laid off, depending on a June 11 board meeting. … Principal Financial Group plans to cut 220 jobs. … Emerson Electric in Minnesota laid off 176 workers. … Reynolds Packaging Group in Virginia will lay off 158 plant workers. … Pipe maker Paragon Industries plans to lay off 105 employees. … More than 100 workers, mainly mechanical engineers, were laid off from Harris Corp. … The University of Colorado will cut 75 faculty and staff positions. … And the U.S. unemployment level hit 9.4%, a 26-year high.
Are you among the Screwed? Check out Recessionwire’s Laid Off 101. Read more about layoffs at the sites compiled on our layoff tracker page.
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I’m away for 3 days and it hits 9.4%! Unbelievable.