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 21st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Tillamook mill
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High demand for logs in China is forcing Stimson Lumber, Co., to reduce its workforce at its mills in Oregon, says company CEO Andrew Miller.
Stimson announced last week it will shed 45 or 50 jobs at its Hagg Lake mill. The company announced cuts of 30 to 35 at its Tillamook mill.
Posted: July 21st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Baystate Health
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Baystate Health is laying off more than 150 workers, and leaving more than 180 more positions unfilled, the company announced.
According to a statement sent to 22News by Baystate spokesperson, Jane Albert, Baystate will eliminate the positions of 169 managers and staff. An additional 185 vacant positions will be left unfilled.
Posted: July 21st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: The University of Texas Medical Branch, UTMB
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The University of Texas Medical Branch told employees Tuesday that it will cut about 120 jobs and an additional 130 positions in its program to provide care to state prisoners.
The job cuts were a direct response to state budget cuts. The Legislature cut funding to the medical branch by $114 million in the next two years.
Posted: July 21st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: St. Jude Medical
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St. Jude Medical will lay off 450 people by the end of next year as it moves manufacturing of its cardiac rhythm management products from Sweden to Puerto Rico and Malaysia.
The job cuts were prompted by a continued weakness in the CRM market domestically.
Posted: July 21st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Timberwolves
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While the Minnesota Timberwolves continued the process of hiring arguably their most important employee, they told some on the business side of their operations that their services won’t be needed during the NBA lockout.
The Timberwolves laid off at least 11 business side employees, many of them in the sales department, as the effects of the NBA lockout start to sink in across the league.
Posted: July 21st, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Harbor Branch Institute
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Harbor Branch Oceanographic Institute at FAU notified the seven engineering technologists and marine mechanics and machinists last month of the pending layoff. The layoff also includes three aquaculture research technicians. They have until September, when their grant-funded program ends.
Posted: July 19th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Cisco, Cisco Systems Inc
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Cisco Systems Inc. announced that it plans to cut 6,500 employees, as part of efforts to lower costs.
The tech bellwether also said it was moving another 5,000 jobs to Foxconn Technology Group, as part of a sale of its manufacturing facility for set-top boxes in Mexico.
Posted: July 19th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Walgreen
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Wholesale grocery distributor The H.T. Hackney Co.bizWatch The H.T. Hackney Co. Latest from The Business Journals Walgreens shift impacts 40 Tampa jobsHackney to expand Louisville food-distribution facilityPhone card maker signs up distributor Follow this company warns it may lay off 40 employees at its Miami distribution center, according to a state notice.
Posted: July 19th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Allen Family Foods, Allen's Maryland processing plant, Maryland's Talbot County
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Allen Family Foods will lay off 28 employees at its processing plant in Cordova, Md., according to an official from Maryland’s Talbot County.
Paige Bethke, director of economic development for Talbot County, says the layoffs Friday were related to market conditions and not to the company’s ongoing bankruptcy reorganization. Bethke says the plant has more than 400 employees.
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