Thinking About Job Relocation?
As a result of the global economic meltdown, companies are trying to find ways to cut costs. In addition to compensation freezes and layoffs, some…
economic meltdown
Humor: The Current Financial Crisis Predicted
It appears that 40 years ago, the British comedy troupe Monty Python predicted the current global economic meltdown -- and how those who still had…
UN: World Needs 90 Million Jobs Created
The International Labour Organization of the United Nations says nations need to create at least 90 million jobs by the end of 2010 to forestall…
Western Bond Eliminates 100 Jobs
Legg Mason’s Western Asset Management unit, the third-largest American manager of bond funds, has eliminated about 100 jobs, or 10% of its workforce. The Pasadena,…
Corning to Shut Virginia Plant; 200 Workers on the Street
Corning will close its Danville, Virginia plant by the end of the year, putting 200 people out of work. The company cited the economic meltdown.…
OneAmerica Cuts 114 Jobs
Indianapolis, Indiana financial services provider OneAmerica has cut 114 jobs, and reviewed non-salary expenses because of the economic meltdown. The affected employees have been given…
Comcast Hiring 100, Consolidating Offices
Media conglomerate Comcast is consolidating several of its regional offices into one large office in Livermore, California. The three-building campus will house up to 1,100…
Railroad Furloughing 145 Employees
Greenwich, Connecticut-based railroad operator Genesee & Wyoming will furlough 50 more employees in the next 30 days, in addition to 95 furloughed so far. Genesee…
Canada’s Domtar Cuts 300 Maine Jobs
Canadian forestry firm Domtar will shutter its pulp mill in Baileyville, Maine for an indefinite period, affecting 300 employees. This is the latest in a…
Boston Herald Offering Buyouts to Staff
The Boston Herald wants 20 employees, or 5% of its staff, to take buyouts as the economic meltdown takes its toll on advertising. Four hundred…