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

United States Air Force to cut 794 jobs in Ohio

Posted: March 10th, 2012 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

United States Air Force announced job cuts in Ohio related to plans to retire more than 300 aircraft nationwide. The cuts will affect personnel at the Rickenbacker, Mansfield and Springfield Air National Guard bases.


Ohio education department to eliminate 26 jobs

Posted: July 18th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

The newly appointed public schools chief in Ohio is telling staff at the state’s education department that he has to eliminate at least 26 positions at the agency by the month’s end because of budget cuts.

Stan Heffner told employees that the department’s operating funds have been cut by $6.3 million, or about 12.6 percent.


Athens County Job and Family Services Says It’s Forced To Cut 25 Jobs

Posted: June 22nd, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Athens County Job and Family Services says state budget cuts are forcing then to eliminate 25 positions, 18 of those through layoffs.

According to a news release, in the proposed state budget, the agency stands to lose $1.2 million in state and federal funding. The agency is also projected to lose an additional $670,000 in federal stimulus funds.


Ohio Turnpike to lay off 22 toll collectors; drivers using E-Z Pass more

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

Increased automation of the Ohio Turnpike’s toll system will result in the first-ever layoff of toll collectors, the turnpike’s interim executive director said.

Twenty-two collectors — 15 full-time and seven part-timers — will be laid off, the Turnpike’s Daniel Castrigano said.


KeyBank plans 20 layoffs in Capital Region

Posted: May 28th, 2011 | Author: | Filed under: By Location, USA | Tags: , , | No Comments »

KeyBank is laying off 20 workers in its Albany-area technology development and support group.

The jobs will be eliminated over the next four to six months as the company outsources work to Hewlett-Packard and Cognizant Technology Solutions, according to a spokeswoman for the Cleveland-based bank.


KeyCorp eliminating 64 local technology job

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

KeyCorp is eliminating 64 technology jobs in Greater Cleveland and shifting the work to two other companies: Hewlett-Packard and Cognizant Technology Solutions.

The positions – mostly in software development and support – represent about 7 percent of Key’s 900 technology positions in Cleveland. Key employs 5,455 people locally.


Dell move leads to CEVA closing, 194 jobs lost

Posted: May 17th, 2011 | Author: | Filed under: By Location, USA | Tags: , , | No Comments »

Global supply chain company CEVA Logistics plans to layoff 194 workers in West Chester and close its facility there because of Dell Inc. moving operations, according to a filing with the state of Ohio.


Cleveland Mayor Frank Jackson lays off 321 city workers

Posted: May 17th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Cleveland will lay off 321 city workers — including 275 full-time employees — as Mayor Frank Jackson attempts to deal with $35.7 million in expected cutbacks in state aid.


Southern Theater lays off 5, cuts hours of remaining staff

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

Bowing to financial realities the Southern Theater today laid off five staff members and cut the hours of the remaining four.

Executive Director Gary Peterson says it’s the responsible thing to do. The Southern launched an emergency fund drive almost three weeks ago to raise $400,000 by last Saturday. In a posting on the Southern’s website today Board Chair Anne Baker says it’s received $45,000 in donations plus a further $50,000 at the Southern Exposure fundraiser on Saturday.