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Screwed: 2,500 at General Electric
A daily review of the employment fallout around the country and the world.
Today’s Total: 7,475
The good news: John Deere will recall 452 manufacturing workers by the end of November.
The bad: General Electric’s lighting unit will lay off 2,500 Hungarian workers over the next two years… German railway company Deutsche Bahn is set to cut 2,000 administrative workers due to declining revenue… US Airways anticipates cutting up to 1,000 employees in 2010… BP plans to eliminate 600 German workers as a cost-cutting measure… Insurance broker Arthur J. Gallagher is set to lay off 400 workers despite rising profits in the third quarter… Versace will shed 350 as part of a “comprehensive corporate reorganization”… Intermet is set to close the Archer Creek Foundry in Campbell County, Va. the day after Christmas and cut 200 workers… Blue Cross and Blue Shield of Florida Inc. will hand out 150 pink slips… Aramark Services filed notice with the state of Florida to lay off 96 employees in Pompano Beach… Citigroup anticipates laying off 75 employees in a Las Vegas office by the end of the year… The axe came down at Forbes Wednesday which shuttered bureaus in London and Los Angeles and eliminated about 50 editorial staffers… Workforce Solutions will lay off 48 workers in response to reduced federal funding in East Texas… Teen Vogue met its McKinsey-mandated 25% budget cut by eliminating 6 staffers from its sales and marketing departments… The Associated Press is set to cut 10% of its workforce, although a final tally is not yet available… American Suzuki laid off its entire press relations department.
Are you one of the Screwed? Check out Recessionwire’s Laid Off 101. Read more about layoffs at the sites compiled on our layoffs tracker page.
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