News

Screwed: 14,000 at Deutsche Bahn

A daily review of the employment fallout around the country and the world.

Today’s Total: 24,872

Deutsche Bahn, Germany’s national rail provider, will slash 14,000 jobs over the next five years… ArecelorMittal, the world’s leading steel maker, is contemplating cutting 10,000 people in France… Cummins announced the demise of 212 Diesel Workers Union members due to falling heavy-truck sales… San Diego’s City Council approved trimming 200 positions in order to close a budget deficit… Over 140 firefighters and police officers face layoffs in Tucson, Ariz. as part of a proposed $32 million budget cut… Sony Computer Entertainment American laid off up to 100 employees… Cardinal Logistics Management was forced to shed 64 people from its payrolls after losing its contract with Office Depot… Trenton, N.J. schools will be forced to cut another 49 staff members due to further declines in state aid… Minneapolis, Minn. shed 41 employees after budget cuts… Insituform Technologies Inc. will lay off 35 employees in Europe… SPX Dielectric handed out 31 pink slips to workers in “manufacturing and support roles”… US Fidelis axed 15-20% of their staffers… Verari Systems is restructuring and laying off most of their employees… Tree.com Inc. laid off an undisclosed number of workers last week in Charlotte, N.C.

Are you one of the Screwed? Check out Recessionwire’s Laid Off 101. Read more about layoffs at the sites compiled on our layoff tracker page.

Tags: economy, employees, employers, layoffs, Screwed, The Unemployed Life