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Screwed: 100 at BAE Systems

By Angela Gabrielle Fabunan ⋅ 10:23 am March 4, 2010 ⋅ Post a comment

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

Today’s Total: 293

BAE Systems plans to layoff 100 workers in Ohio after losing contract deals… In Arkansas, Commercial Metals Co are cutting up to 60 jobs by April 29… Eastern Maine Medical Center plan to lay off about 50 employees by March 19… Meanwhile, Kingsburg District Hospital in California announced plans to cut a nursing unit and lay off 50 employees… In New Jersey, South Orange Maplewood School District will be laying off 29 employees in the coming months… In Morristown, 4 city employees were laid off yesterday…

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Screwed: 520 in Phoenix

By Olga Tchoumak ⋅ 9:44 am March 3, 2010 ⋅ Post a comment

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

Today’s Total: 1,233

A new budget for Phoenix, Ariz. has resulted in 520 job cuts… If South Carolina state legislature passes a $5.1 billion budget plan, the Department of Juvenile Justice could suffer 295 contract employee layoffs… 200 jobs will be terminated as New Jersey Transit faces an emergency spending freeze… Cummins Inc. is laying off 194 workers from the Columbus Midrange Engine Plant… Lockheed Martin Corp. has laid off 16 employees at its Orlando, Fla. Location… New York City controller John Liu has announced that 8 employees have “separated” from his office…

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Recession Briefing: The End of Saturday Mail?

By David Hirschman ⋅ 9:33 am March 3, 2010 ⋅ Post a comment

What you need to know today to survive and thrive in the recession.

The US postmaster general seeks big changes to the way the US Postal Service operates, including ending Saturday mail delivery. The USPS, grappling with the effects of the recession and the rise of e-mail and online bill paying, could lose up to $7 billion in 2010. (Christian Science Monitor)

The cachet of private school has taken a hit from the Great Recession, as parents question whether they can afford to pay for it, and whether it’s really worth the investment. (Slate)

Even as many Americans still struggle to recover from the country’s worst economic downturn since the Great Depression, another crisis – one that will be even worse than the current one – is looming, according to a new report. (ABC News)…

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Screwed: Possible 4,000 in LA

By Angela Gabrielle Fabunan ⋅ 9:23 am March 2, 2010 ⋅ Post a comment

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

Today’s Total: 5,214

Due to the devastating budget of Los Angeles, as many as 20 percent of all public library staff will be laid off, as well as 15 percent of the police force, culminating in possible layoffs of 4,000 city employees… In Toronto, Aveos Fleet Performance Inc will be laying off 1,000 airline machinists in the next few months… Chicago Transit Authority handed out pink slips to 99 employees over the weekend, marking the last batch of 1,067 CTA employees without jobs… In California, Salinas City may lay off 40 city employees as part of a proposed balanced-budget plan… In Ottawa, Caesars Windsor plans on cutting 45 jobs… In Nevada, Carson City may face a job cut of 30 employees due to a budget deficit…

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Recession Briefing: Even (Real) Sharks Face Recession

By David Hirschman ⋅ 9:22 am March 2, 2010 ⋅ Post a comment

What you need to know today to survive and thrive in the recession.

The number of shark attacks in the U.S. declined for the second straight year, falling to their lowest level in more than a decade, and researcher George Burgess credits the recession. (Gainesville Sun)

A federal bankruptcy judge in Manhattan has approved the fiercely disputed method used by the court-appointed trustee to calculate victim losses in Bernard L. Madoff’s enormous Ponzi scheme. (New York Times)

Throughout the recession, many entrepreneurs trimmed their payrolls, among other big expenses. There have been tentative moves by some larger companies to rescind salary cuts for remaining employees, but few are rehiring the workers they cut. (Wall Street Journal)…

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Recession Briefing: Greece Who? California Is Much Worse

By David Hirschman ⋅ 9:23 am March 1, 2010 ⋅ Post a comment

What you need to know today to survive and thrive in the recession.

californiaJamie Dimon, chairman of JP Morgan Chase, has warned investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes. (Telegraph)

Millions of Americans are now deeply underwater on their mortgage. If you’re among them, you need to stop living in a dream world and give serious thought to walking away from the debt. (Wall Street Journal)

The long-term unemployed — those out of work more than six months — make up 40 percent of people collecting unemployment. “These people, when you look at their unemployment rate, it’s just off the charts,” says Lakshman Achuthan, managing director of the Economic Cycle Research Institute. “It’s very different from earlier patterns that we’ve seen in recessions.” (CBS)…

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Screwed: Possible 23,000 at NASA

By Angela Gabrielle Fabunan ⋅ 9:17 am March 1, 2010 ⋅ One comment

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

Today’s Total: 23,816

Obama’s proposed budget for NASA may cost as many as 23,000 jobs, from 9,000 “direct” space jobs and 14,000″indirect” hotel and restaurant positions…IBM Australia‘s decision to outsource to India and China may cause 800 local jobs…In California, Menlo Park City School District will lay off 8 teachers in the process of reducing funding for art, physical education, and Spanish programs…In Virginia, Monticello plans on cutting city funding for its police force today and phasing out the department entirely by July 1, and laying off 8 police officers in the process…ABC News will be cutting 20 percent of their news staff due to the impact of new technologies in the industry…

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Recession Briefing: Museums Benefit from Downturn (Sort Of)

By David Hirschman ⋅ 9:31 am February 26, 2010 ⋅ Post a comment

What you need to know today to survive and thrive in the recession.

Many museums across the country saw a spike in visitors during the economic slump last year, even as they experienced increasing financial stress, according to results of a study released Thursday. (Associated Press)

One thing employment-services firm Manpower has got better at during the recession is figuring out quickly which job-hunters can be helped, and which to send elsewhere rather than risk leading them on. (Economist)

It cost more than $500,000 in stimulus funds to create a single highway construction job, largely because of building materials, an analysis of stimulus reports shows. Education aid and research funding are among the cheapest ways of creating or saving jobs at less than $60,000 each, the analysis shows.( USA Today)…

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Recession Briefing: Older African Americans Get Hit Worst

By David Hirschman ⋅ 9:39 am February 25, 2010 ⋅ Post a comment

What you need to know today to survive and thrive in the recession.

The recession has had a “devastating impact” on African-Americans age 45 and up, according to a new survey by AARP. The survey found that over the last year: 33 percent of African-Americans age 45 and older said they’ve had problems paying rent or mortgage, and 44 percent had problems paying for essential items, such as food and utilities. (Chicago Tribune)

Sign of the times? General Motors will shut down Hummer, the brand of big sport utility vehicles that became synonymous with the term gas guzzler. (New York Times)

JP Morgan Chase, the nation’s second-largest bank, expects the number of delinquent home loans to skyrocket over the next year, echoing analysts’ expectations of a gloomy housing market that is nowhere near recovery. (Huffington Post)…

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Screwed: 52 at Pfizer

By Angela Gabrielle Fabunan ⋅ 9:38 am February 25, 2010 ⋅ Post a comment

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

Today’s Total:

In New York, Pfizer announced yesterday a job cut of 52 employees by April 21…The Oregonian gave pink slips to 37 workers yesterday, primarily from the news department…At the Rhode Island School for the Deaf, all 35 teachers may face unemployment for not meeting qualifications required by federal law, and the state has asked the school to submit a new staffing plan by June 1…In Wildwood, NJ, 30 city employees received layoff notices yesterday…Meanwhile, in Ithica, NY, Steuben Glass will layoff an undetermined number of employees by this summer as part of their restructuring plan.

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