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: May 11th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: A.L. Blades, Newyork
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Hornell, N.Y. —Saying he hasn’t seen the same problem in 28 years, A.L. Blades & Sons General Manager Jim McGee confirmed the company laid off 68 seasonal employees last week.
Posted: May 11th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Marshall Public Schools, Scott Blankinship
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The Marshall Public Schools Board of Education Monday unanimously voted to send out layoff notices to 11 employees.
The measure was one of a series of emergency fixes meant to deal with a $2.4 million budget deficit. The level of layoffs this year is significant, said district Director of Business Operations Scott Blankinship.
Posted: May 10th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: District Board of Trustees, Sequoia Union High School
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The Sequoia Union High School District Board of Trustees unanimously approved $5.03 million worth of budget reductions, and eliminated 33 full time jobs.
Though not all of positions were filled, the school board meeting in Redwood City that 32 district employees would be laid off as a result of the cuts.
Posted: May 10th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: City School District, Community Education
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Despite some changes that put millions of dollars back into classroom programs, the City School District still stands to lose more than 800 employees with a budget the school board approved.
Posted: May 10th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Charlotte hospital, Hayes Green Beach Memorial Hospital, Management Positions
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Hayes Green Beach Memorial Hospital officials eliminated seven management positions.
It is a move that saved HGB an estimated $350,000 and that they say will position the Charlotte hospital for the future, according to Carrie Rathbun Hawks, director of the Charlotte hospital’s marketing communications.
Posted: May 10th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Gold Strike, Two Hotel Towers
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MGM Resorts International said it is closing one of two hotel towers at its Gold Strike casino in Jean and has laid off 64 employees there because of declining business.
“Even though we’re seeing a return in business in Las Vegas we’re not seeing it in Jean,”.
Posted: May 10th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Special Education Program, The Reynolds School District
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The Reynolds School District will lay off dozens of special education assistants and other instructional assistants, a district spokeswoman confirmed.
Final numbers will not be released until. But more than 30 special education assistants are expected to be let go.
Posted: May 10th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Colton, Colton Joint Unified school, Crestmore Elementary School
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A teary-eyed school board laid off 72 teachers, counselors and nurses, saying there was no other way to keep the district solvent.
But the 5-2 vote was not popular with the crowd, which spilled outside because there wasn’t enough room in the Colton Joint Unified school board room.
Posted: May 8th, 2011 | Author: Saddam Hussain | Filed under: By Location, Germany | Tags: Crytek Budapest, Frankfrut
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An anonymous source told Gamasutra this week that Crysis developer Crytek will lay off 30-35 workers at its Budapest studio, which will purportedly switch from work on an Xbox 360-exclusive Kinect game to focus on tablet titles.
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