Florida based BankAtlantic cuts 100 jobs
Fort Lauderdale-based BankAtlantic cut 100 people from its workforce of roughly 1,600, citing uncertainty over the economy and the impact of the new financial overhaul law. Bank President Jarett S. Levan said BankAtlantic remains “well-capitalized” in regulatory terms. Management took the action to be conservative while Florida’s economy lags other areas of the country, he More...
Health Service Executive (HSE) to cut 300 jobs in Ireland
The Health Service Executive (HSE) is proposing to cut up to 300 jobs held by staff on temporary employment contracts in the mid west as part of a new drive to tackle a €35 million financial deficit in the region, the trade union Impact has maintained. Other cost- saving measures proposed by the HSE Mid More...
Law Firm DLA Piper cut 8 jobs
Law firm DLA Piper cut eight jobs, while a “small number” of lawyers have taken voluntary sabbaticals. The company is hopeful of making no additional changes to an “excellent team that is doing well in a testing market”. From Arabian Business var addthis_pub = 'kashaziz'; var addthis_brand = 'Daily Recession';var addthis_language = 'en';var addthis_options = More...
San Francisco Chronicle to cut 225 jobs
The San Francisco Chronicle may cut 225 out of 460 newsroom positions if the union that represents the journalists doesn’t meet the company’s demands, according to reports. From BizJournals var addthis_pub = 'kashaziz'; var addthis_brand = 'Daily Recession';var addthis_language = 'en';var addthis_options = 'email, favorites, digg, delicious, myspace, google, facebook, reddit, live, more'; More...
Torstar Corporation to cut 60 jobs
Torstar Corp. is laying off about 60 unionized staff and managers across the organization, primarily in advertising sales at the Toronto Star, Canada’s largest-circulation daily. A representative for the publisher of the Toronto Star and other papers says the layoffs cover various entities of the Star Media Group, which includes the Star newspaper and its More...
All Virgin Megastores in US to close by summer
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. The hipster shops received their branding from billionaire founder Sir Richard Branson and remained profitable, More...