Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.
Posted: July 31st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: FLIR, Wilson Ville
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Up to 40 employees at FLIR, the Wilsonville-based manufacturer of high-technology thermal imaging and night vision equipment, will lose their jobs because of a reduction in military orders and concerns over the federal budget.
From: Wison Ville Spokesman
Posted: July 31st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Berne Plant, Ficaso North America
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Ficosa North America will lay off 175 workers at its plant in Berne. The company is consolidating production at other facilities.
A spokesperson said Ficosa expects to begin transferring production to other plants in September and be done in November. The layoffs will last six months or more as the Berne plant is prepared for other production work.
Posted: July 31st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Greensboro, Nokia
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RF Micro Devices will cut about 80 people from its worldwide work force, with most of the impact hitting in Greensboro, we heard this afternoon from Jerry Neal, the company’s executive vice president. They had employed around 1,450 people locally.
Posted: July 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Bank of America, Fort Lauderdale
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Bank of America filed notice with Florida that it intends to lay off 59 employees in Fort Lauderdale.
The layoffs will take place at the bank’s office at 1425 N.W. 62nd St. (Cypress Creek Road) from Nov. 1 through Jan. 31.
Posted: July 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: RIM
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In line with RIM’s planned “cost optimization program,” the company is moving a number of executives into positions of greater power and will lay off 2,000 of its estimated 19,000 person workforce.
Posted: July 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: NBA Lakers
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NBA glamour club the Los Angeles Lakers have laid off about 20 employees including a longtime assistant general manager and five scouting staff.
Assistant general manager Ronnie Lester and scout Gene Tormohlen, who put in 43 years with the club, are part of the group of employees who were told they were being laid off or that their contracts would not be renewed.
Posted: July 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: NDIC, ohnstown’s National Drug Intelligence Center.
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Budget cuts and financial uncertainty have led to pink slips at Johnstown’s National Drug Intelligence Center.
Thirty-six employees learned that they will lose their jobs Sept. 23 due to “reductions to the NDIC’s budget,” the U.S. Justice Department said.
Posted: July 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Red Cross
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The Central Minnesota Chapter of the American Red Cross will lose two full-time employees at its office soon as part of a major restructuring by the national organization.
Posted: July 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Chicago Tribune
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The Chicago Tribune is cutting 20 employees from its pay roll — and many of them are from the Tribune’s newsroom staff.
The newspaper reported that the layoffs hit writers, editors and support staff. The Tribune Company declined to comment in depth on the layoffs, releasing this statement: “We constantly evaluate our resources and staffing based on our strategic goals and the business environment. We do not comment on internal personnel matters.”
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