Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

ClasTran fires nearly 200

Posted: June 15th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Nearly 200 people are left without a ride after layoffs and with no help from the city of Birmingham, they may be stuck for good.

ClasTran cut eight routes and laid off eight people Monday morning from the Birmingham area because of a lack of funding. Back in December, Birmingham promised the system just over $240,000.


Alabama Supreme Court ordering 140 layoffs

Posted: March 25th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Alabama Supreme Court Chief Justice Sue Bell Cobb said she will have to order more than 140 layoffs as early as next week.

Cobb told Fox 6′s sister station, WSFA in Montgomery that she may also have to order furloughs at some point, and possibly close courts down an extra day.


17 Layoffs announced at Alabama Agriculture Department

Posted: March 21st, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Alabama’s Department of Agriculture and Industries is the first state agency to announce layoffs due to budget cuts, with 17 employees getting notices Thursday and at least twice that many layoffs planned for next week.

Agriculture Commissioner John McMillan said his department “is in poor financial health,” like most programs of state government, and reducing the department’s 391 employees is necessary.