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Tuesday, January 20th, 2009
Bose Corp., known for its high-end audio equipment, is cutting 1,000 jobs – about 10 percent of its work force, the privately held company announced today. (Telegram)
Archive for January, 2009
Jan
20/09
20/09
Bose to lay off 1,000
Last Updated on Tuesday, 20 January 2009 02:17
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Tuesday, January 20th, 2009
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Tuesday, January 20th, 2009
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Jan
19/09
19/09
Metso To Cut Up To 2,700 Jobs As Demand Falls
Last Updated on Monday, 19 January 2009 09:17
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Monday, January 19th, 2009
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Monday, January 19th, 2009
Finnish engineering company Metso Corp. (MEO1V.HE) Monday said it may cut up to 2,700 jobs from its workforce of 28,000 due to falling demand.
The company, which supplies technology for the mining, power generation and paper industries, said it will start talks with staff about cutting 900 to 1,200 jobs in its Finnish units serving the paper industry. It also plans to ax about 200 jobs and make up to 1,000 temporary layoffs at its Finnish. (WSJ)
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Jan
17/09
17/09
Clear Channel expected to layoff 1500
Last Updated on Saturday, 17 January 2009 11:20
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Saturday, January 17th, 2009
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Saturday, January 17th, 2009
Extensive layoffs are on the way for radio and outdoor advertising giant Clear Channel. The Wall Street Journal’s web site says they expect Clear Channel to layoff about 1500 employees nationwide later in the week. That’s about 7-percent of its workforce. (ABC)
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Jan
17/09
17/09
ConocoPhillips may lay off 1,300 workers
Last Updated on Saturday, 17 January 2009 07:54
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Saturday, January 17th, 2009
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Saturday, January 17th, 2009
ConocoPhillips could lay off about 1,300 people this year under a planned 4 percent reduction in its worldwide work force that was announced Friday.
CEO Jim Mulva cited lower commodity prices and the crippled credit market for the Houston-based oil giant’s cutback plan.
“We are positioning ourselves in the business environment to live within our means in order to maintain financial strength,” Mulva said in a company release. “We are doing this by reducing our cost structure, addressing our balance sheet and continuing to manage the company through prudent capital discipline.” (Tusla World)
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Jan
16/09
16/09
Hertz to cut more than 4,000 jobs
Last Updated on Friday, 16 January 2009 07:54
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Friday, January 16th, 2009
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Friday, January 16th, 2009
Hertz Global Holdings Inc said on Friday that it would cut more than 4,000 jobs in a worldwide restructuring through the first quarter due to falling demand, and the car rental company’s shares fell nearly 9 percent.
Hertz expects annualized savings of $150 million to $170 million in 2009 from the job cuts, it said. It expects to take a fourth-quarter charge of $20 million to $25 million for the cuts. (Reuters)
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