Prepare for Corporate Layoffs

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Archive for April, 2009

Jobs, income, expectations, dividend and share price all took it on the chin Monday when Timken Co. reported its first-quarter results. The company said it expects to cut about 3,000 jobs from its global footprint by the end of the year. That will …

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BELLEVILLE - A Pennsylvania foundry with facilities in Belleville, Wrightsville and Mount Joy could begin temporary layoffs starting June 22. Donsco Inc. produces gray and ductile iron castings for industrial clients. The company acquired the …

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CARSON CITY, Nev. (AP) - The Nevada Assembly has advanced a bill that would temporarily delay the legal deadline for notifying school district employees that they will be re-hired or laid off for the next school year. AB542, now moving to the state …

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LINES FOR LENO: Thousands of people in the Wilmington, Ohio, area lined up early Monday to score tickets for a free comedy show by Jay Leno. SHOW TIME: Leno will hold his Comedy Stimulus show on May 10 at Roberts Centre. NO JOKE: The area is hoping …

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PHOENIX — A judge says Arizona’s budget crisis warranted state officials’ decision to skip normally required protections for state employees targeted for layoffs. Judge Andrew Klein’s ruling denies a union’s request for a preliminary injunction …

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Soft demand for electronic parts drove down third-quarter revenue and net income for technology distributor Avnet Inc., and the company warned it expects market conditions to remain weak for the foreseeable future. The declines prompted the Phoenix …

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ANDERSON — More than 70 Anderson Community Schools teachers learned on Thursday that they might be jobless by the end of the summer. Rich Dickerson, ACS personnel director, said the second round of layoff notices went out to teachers Thursday …

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SEIU President Pam Torrisi stormed out of the school district board room Tuesday night after lambasting the board for allowing classified employees’ hours to be cut so much that they won’t be eligible for benefits. “You’re kicking somebody in the …

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Top Iowa lawmakers are warning local school officials against sending layoff notices to teachers. The lawmakers say at least 14 school districts have sent layoff notices to teachers because of cuts in state funding. The lawmakers say that funding …

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CORNING–Another significant layoff to tell you about in Steuben County. Steuben Glass will layoff almost a third of its workforce on Monday. Union officials confirmed the planned layoffs Thursday, blaming the economy. A United Steelworkers …

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