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

Houston City Council lays off 747

Posted: June 24th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

The Houston City Council on Wednesday cemented plans to lay off 747 employees, reduce library hours and slow the pace of health inspections in approving a $1.8 billion general fund budget that cuts $100 million in spending in the upcoming year.


45 Layoffs Begin for City of Houston Employees

Posted: April 29th, 2011 | Author: | Filed under: By Location, USA | Tags: | No Comments »

A group of City of Houston employees learned their jobs have fallen victim to budget cuts and their last day of work will be July 1, 2011. The layoffs are just the beginning of what are expected to be many during the upcoming fiscal year for the city.


First Transit may lay off 350 in Houston

Posted: April 19th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

First Transit Co. filed a WARN notice with the Texas Workforce Commission saying that it may have to lay off as many as 350 workers.

In a letter dated April 13, the Cincinnati-based transportation solutions company stated it was not awarded a new MetroLift contract by the Metropolitan Transit Authority of Harris County. As a result, the company expects to have to close its Houston Paratransit facility at 3250 Telephone Rd.


HISD approves administrative job cuts

Posted: April 12th, 2011 | Author: | Filed under: By Location, USA | Tags: , , | No Comments »

The Houston Independent School District has approved the elimination of 277 jobs, mainly in administrative offices. One trustee also suggested that anyone in HISD earning more than $100,000 annually should take a pay cut.

The Houston Chronicle reports that about one third of the jobs being eliminated were already vacant.


Spring Branch ISD To Cut 350 Jobs

Posted: April 7th, 2011 | Author: | Filed under: By Location, USA | Tags: , , | No Comments »

Spring Branch Independent School District officials said Wednesday that they are eliminating nearly 350 positions, which will save $17.5 million.

Officials said 30 percent, or about 105 of those jobs, will be teaching positions. Seventy percent, or 245 jobs, will be non-teachers.


Houston Airport System expected to layoff at least 100

Posted: April 1st, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

The Houston Airport System is expected to cut at least 100 positions because of the same budget concerns affecting other city departments.

The layoffs could include workers at Bush Intercontinental, Hobby and Ellington airports as airport system officials attempt to streamline their operations.


ACS Commercial Solutions to cut 200 call center jobs in Houston

Posted: March 8th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

ACS Commercial Solutions will eliminate 200 jobs at one of its call centers in Houston next month because of a reduced workload, the company has told the Texas Workforce Commission.
The job cuts will occur about April 30 at its location on Centre Parkway.


Is recession behind spike in bank robberies?

Posted: January 6th, 2009 | Author: | Filed under: Recession News | Tags: , , , , | No Comments »

A rash of bank robberies in New York has the city’s police commissioner worried that criminals have turned banks into “virtual cash machines” and some wondering whether tough economic times are fueling the trend.

On Monday alone, robbers targeted five banks in the Big Apple, some striking in broad daylight and near famous landmarks.