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 19th, 2011 | Author: Saddam Hussain | Filed under: Recession News | Tags: Rio Tinto Alcan
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As many as 60 Rio Tinto Alcan employees in Alma, Que. have been forced into early vacations or temporary layoffs as the metal giant tries to fix a problem with the formulation of produced aluminum.
The aluminum produced at the smelter in the Saguenay Lac St. Jean region contains higher levels of iron and silicon than normal.
Posted: July 13th, 2011 | Author: dubaidude | Filed under: Recession News | Tags: Cisco
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Cisco Systems Inc., the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth.
The cuts include as many as 7,000 jobs that would be eliminated by the end of August. Cisco is also providing early-retirement packages to about 3,000 workers who accepted buyouts.
Posted: June 18th, 2011 | Author: Saddam Hussain | Filed under: Recession News, USA | Tags: Duquesne University, WDUQ-FM
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The staff of WDUQ-FM will be laid off by Duquesne University when Essential Public Media takes over operations of the station at midnight on June 30.
Duquesne University spokesperson Bridget Fare confirmed that the staff has received official layoff notices terminating their employment with the university effective July 1.
Posted: June 2nd, 2011 | Author: Saddam Hussain | Filed under: Recession News, USA | Tags: Ludington, Ludington school board
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Ludington Area Schools has less money to educate children than it did nine years ago so the school board may lay off teachers and put more students in each classroom to solve the problem for the next school year.
Posted: April 26th, 2011 | Author: Saddam Hussain | Filed under: Recession News | Tags: Atherton Board of Education, Burton, Michigan
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Nine teachers face layoffs during a vote at Atherton Board of Education meeting.
Joann Thomas, President of the Atherton Educational Association, said nine teachers could receive notice they will be let go at the end of the school year during board meeting at Atherton High School, 3354 S. Genesee Road.
Posted: April 26th, 2011 | Author: Saddam Hussain | Filed under: Recession News | Tags: Aramark, Lewisville, Texas
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ARAMARK Management Services, LLP, has notified the state that it will terminate the employment of 278 workers at the Lewisville Independent School District because the company lost its contract with district.
Philadelphia-based ARAMARK informed the Texas Workforce Commission of the layoffs in an April 19 letter.
Posted: March 25th, 2011 | Author: Saddam Hussain | Filed under: Recession News | Tags: Baraga County, Baraga County Memorial Hospital, Michigan
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Baraga County Memorial Hospital reports that it’ll be laying off some of its employees and reducing the hours of others as the result of big losses for the first five months of the current fiscal year.
The total net loss, according to the hospital is $879,653. That’s in addition to last year’s net loss, which was $1,127,077.
Posted: March 4th, 2009 | Author: dubaidude | Filed under: By Location, Recession News, USA | Tags: Richard Branson, Virgin
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After nearly two decades of rocking the music world with a mix of brash stunts and splashy CD releases, the remaining six Virgin Megastores in the United States will shut their doors this summer in another blow to recorded music.
Posted: February 23rd, 2009 | Author: dubaidude | Filed under: Recession News | Tags: APTMA, Hosiery, Textile
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The government, instead of solving exporters’ problems, has made matters worse by failing to release promised research and development grant, reduce inflation and bank mark-up and has even withheld their small dues.
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