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

Flemington lays off 2 to balance budget

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

Two borough employees have been laid off as part of belt-tightening measures under a $4,958,965 borough budget for 2011 that reduces spending slightly, but because of the local library tax, still raises the tax levy by $139,060.


15 employees lose jobs in Medford Township

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

At a recent township council meeting, the governing body officially ratified a series of five resolutions that authorized the elimination of 15 township positions. Included in the layoff plan are two full-time police officers, one full-time and two part-time firefighters, four full-time clerk typists, one full-time office coordinator, four full-time public works employees and the director of public safety.


Lyndhurst to slice 20 jobs

Posted: May 11th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Saddled with a stagnant tax base, lost tax revenue and budget constraints, the township will cut 20 jobs — or 11.1 percent — of its 180 full-time positions.

Town officials told about 50 residents — including municipal employees — about the decision last week as township officials sorted out its estimated $34.2 million municipal budget for 2011, a $1.36 million reduction from last year.


Patterson schools to lay off 13 on staff

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

Patterson Unified School District board members voted to lay off more than a dozen support staff for 2011-12 at their meeting this week.

The vote was unanimous to cut the hours of four school clerks, seven aides and two technology assistants.


Little Egg Harbor Township’s $28 million school board budget includes six job cuts

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

The township school district is looking at making cuts to its teaching staff as the public prepares to vote April 27 on the proposed $28 million budget.

The Board of Education on March 28 passed the budget, which increases the tax rate by less than one cent.


South Texas nuke plant to cut 60 Jobs

Posted: March 26th, 2011 | Author: | Filed under: By Location, USA | Tags: , , , , , | No Comments »

At least 60 positions at Bay City’s South Texas Project nuclear plant will be eliminated because of a plan to slow down the facility’s expansion.

Nuclear Innovation North America LLC said on March 22 it is scaling back plans to add an additional two nuclear reactors to the facility, which already operates two reactors.