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: July 23rd, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Parish School, Texas
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The recent wave of budget cuts in Jefferson Parish public schools is hitting teachers’ mailboxes as administrators issue layoff notices to 54 educators.
A School Board decision in June to save $2.3 million by raising the allocation of students per teacher in middle and high schools, along with other items on a list of more than 100 budget cuts totaling about $20 million, triggered the layoffs, said school system spokeswoman Beth Branley.
Posted: July 18th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: EL PASO, Texas
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State budget cuts spared a popular tourist attraction in El Paso, but several local employees in the state’s parks system were not as fortunate.
Eight El Paso-based employees of the Texas Parks and Wildlife Department lost their jobs this week after state lawmakers approved a $172 billion two-year budget, which cuts $15 billion in current spending. Under the budget cuts, Texas Parks and Wildlife will receive about $150 million less over the next two years.
Posted: July 18th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Amarillo, Nationwide Insurance, Texas
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Nationwide Insurance has announced plans to lay off 64 employees in its Amarillo call center, a company spokesman confirmed.
The employees scheduled for layoffs comprise about one-sixth of Nationwide’s workforce in Amarillo. The company will retain 325 employees, all of whom provide customer service for exisiting policyholders. The 64 jobs being eliminated are sales positions, which process incoming phone calls as well as online applications from potential policyholders.
Posted: May 17th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Medicaid, Texas
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A 10 percent rate reduction in Medicaid payments could cause 5,100 jobs to be lost and reduce sales tax revenue by more than $5 million in North Texas alone, according to the Dallas-Fort Worth Hospital Council.
Posted: April 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Capital One, Texas, Virginia
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Capital One Bank has announced plans to eliminate 62 customer service jobs at its Plano campus.
The Virginia-based bank notified the Texas Workforce Commission of the terminations earlier this month.
A spokesman for Capital One said in an email that the bank is consolidating some of its operations in the Dallas-Fort Worth area.
Posted: April 26th, 2011 | Author: Saddam Hussain | Filed under: Recession News | Tags: Aramark, Lewisville, Texas
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ARAMARK Management Services, LLP, has notified the state that it will terminate the employment of 278 workers at the Lewisville Independent School District because the company lost its contract with district.
Philadelphia-based ARAMARK informed the Texas Workforce Commission of the layoffs in an April 19 letter.
Posted: April 26th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Dallas, San Antonio, Texas
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Dallas-based AT&T expects to lay off more than 60 employees within its AT&T Messaging Services LLC groups in San Antonio within the next 30 days, according to a letter sent to the Texas Workforce Commission.
The letter states that the layoffs are a result of the company’s efforts to improve efficiency via consolidation.
Posted: April 19th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: FED, San Antonio, Texas
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The Federal Reserve plans to eliminate most of its workforce at its San Antonio branch by the end of this year as part of a previously announced restructuring.
The branch will shed 71 of 84 positions as the result of it outsourcing its cash department to an armored carrier. The cuts will start June 24.
Posted: April 17th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: EL PASO, Texas
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More than two dozen borderland teachers are out of work tonight, the latest victims of budget cuts. The Canutillo School District let go of more than 30 employees tonight during a school board meeting.
It’s a move the district says will save them millions of dollars.
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