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 19th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Flemington, New Jersey
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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.
Posted: May 19th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Medford Township, New Jersey
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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.
Posted: May 11th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Lyndhurst, New Jersey
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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.
Posted: April 24th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: New Jersey, Patterson schools
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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.
Posted: April 7th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Little Egg Harbor Township, New Jersey
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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.
Posted: March 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Bay city, New Jersey, NRG Engergy Inc, Nuclear Innovation North America LLC, South Texas, Toshiba Corp
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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.
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