A daily review of the employment fallout around the country and the world.
Heavy equipment manufacturer Caterpillar Inc. will be laying off 2,454 employees in Illinois, Indiana, and Georgia… Nokia plans 1,700 layoffs worldwide… The partnership between Kaiser Permanente and IBM will result in 860 layoffs at the Oakland-based Kaiser… Daewoo Bus Global Corp., the first major Korean company to practice major downsizing this year, will fire 507 employees, cutting its workforce by 38.5 percent… Weyerhaeuser Co. will close two more lumber mills, affecting 300 Oregon and Oklahoma workers – 1.5 percent of its workforce… Chicago’s Resurrection Healthcare sheds 125 management positions… The News & Observer Publishing Co. is letting go of 78 employees, or 11 percent of its workforce… The Idaho Statesman will give 25 employees the axe…
A daily review of the employment fallout around the country.
Caterpillar will increase previous layoffs from 20,000 to 22,110 … Corning says it will cut 13% of the workforce through the end of 2009 … Mountain View legal team Fenwick & West laid off 36 staffers and plans to freeze associate salaries for a year.
Today in layoffs, bulldozer/excavator maker Caterpillar is getting crushed and plans to shed 20,000 jobs, about 20 percent of its workforce. … Home Depot is expected to lay off 7,000 workers. … European bank ING is to shed 7,000 of its 130,000 employees after $1.29 billion in losses mainly related to toxic mortgage assets. … The ongoing secret layoffs at IBM are rumored to include an upcoming 3,000 on top of the 1,400 already said to have been let go. … Fourteen hundred workers will be cut at Williams-Sonoma. … Starbucks will let 1,000 workers go in the coming weeks. … Fannie Mae will put hundreds of its 5,500 employees out of work. … Vermont may cut 660 state jobs. … Digg.com is expected to reduce its 75-person staff by 10 percent (we wonder, who is that .5 percent staffer?). … Two states hit unemployment record highs: 9.3 percent in California and 6.9 percent in Massachusetts.