Closings and layoffs leave 300 unemployed in Memphis Caterpillar to lay off 814 Atlanticville, N.J. hospital lays off 51 employees Acushnet Co. offers buyout packages to 125 workers Flandreau casino in S.D. lays off 15 percent of staff Insurer Genworth Financial to cut 1,000 jobs Jacuzzi to lay off more than 200 Parma GM plant [...]
December 18, 2008
Anonymous Facebook Status out of New York
Depressing: ANONYMOUS is depressed at seeing all my friends getting layed[sic] off..this shit has got to stop. I asked where, and he replied: everywhere alot of ad agencys *sigh…*
December 18, 2008
American Apparel Fires “Hundreds”
Apparently, American Apparel has let go of “hundreds” of employees. Is it because of the economy? Their spokesperson says no. It’s because they recently upgraded their machines, which “boosted productivity” while making a good portion of human labor obsolete. The Los Angeles Times has the story.
December 18, 2008
Gaza’s Unemployment Rate at 49%
Gaza’s unemployment rate is at 49 percent, according to the United Nations, Associated Press reports. High levels of unemployment contributed to the riots in Greece, which have been going on for 13 straight days now. The overall unemployment rate in Greece is 7.1 percent with most of it concentrated on young adults. The unemployment rate [...]
December 18, 2008
Chrysler Closes Down All Factories
Chrysler will stop operating all their manufacturing plants for at least a month, starting tomorrow. They need to slow down production to “match” their decreased sales. As in, they are running out of cash, and can’t afford to keep their business running. It’s basically a drastic move to fend of bankruptcy.
December 18, 2008
The New Growth Industry: Solar Energy Installation
While bankers go bankrupt and people are losing jobs left and right, Spencer the Solar Panel Installer is thriving. According to The New York Times, the industry which employs about 25,000 to 35,000 workers will grow to 110,000 direct solar jobs by 2016. Hey guys, better start learning the skills, this industry is growing!!! Not [...]
December 18, 2008
Today in Layoff Land
Austin Regional Clinic hands out 60 pink slips California budget crisis forces layoffs at a program for sick children 143 could lose jobs in Whitsett, N.C. Agilent to give 800 the pink slip Polar Tank Trailers to lay off 61 Christmas week Boston Medical Center to cut 250 jobs
December 18, 2008
UPDATE: Vera Wang Won’t be Showing Either
The Wall Street Journal broke the story that Vera Wang will be eschewing the Bryant Park tent for a more recession-appropriate venue. She said in a statement: “We feel that the intimacy of a smaller venue will be the perfect backdrop for the collection and is an appropriate statement for the times.”
