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Screwed: 2,500 at Izhavto
A daily review of the unemployment fallout around the country and the world.
Today’s total: 6,315
Russian car manufacturer Izhavto laid off half of its 5,ooo person staff, 2,500 employees…United Kingdom-based engineering group GKN plans to layoff 900 employees…in Sacramento County the board of supervisors authorized the layoff of 800 workers…Synovus Bank plans to lay off 650 workers…Exelon is cutting 500 jobs…Clemson University is set to lay off 450 employees…Oscient Pharmaceuticals is cutting into its sales and marketing team with 180 people laid off…Coggin Automotive Group is closing 2 dealers, taking away 97 jobs in the process…Comair plans to close their maintanence base at Orlando International Airport and lay off 81 workers…Kerr Beverage has been sold, losing 56 people their jobs…Albany Times Union plans to layoff 45 workers.
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.
More layoff headlines from TheDeal.com
So far the financial industry has seen 383,661 job cuts since August 2007, according to Reuters. Unfortunately, some more reports and rumors of layoffs in the finance industry are coming out. The latest include:
Bank of America Corp. (NYSE:BAC) will lay off 81 employees in Tampa, Fla., between August and November, according to the Tampa Bay Business Journal.
Beverly National Bank is merging with Danversbank later this year, resulting in branch closures and possible layoffs, according to Wicked Local Middleton, a Massachusetts online news site.
It’s a tough employment market for financial professionals, but there are jobs. In fact, there are companies hiring. Here’s our pick of the day from The Deal’s Career Channel:
Executive Director, Investment Banking at Morgan Stanley in New York
For a roundup of all the announced layoffs to date, check out The Deal’s Pink slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. – Maria Woehr
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Thanks for the update on employment (or lack thereof) around the globe. “I’z havto” be crazy not to notice that’s alotta layoffs. Hard to see the “Green Shoots” some pundits see in this economy with all these people still losing their jobs!