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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-21-08 08:33 AM
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48. Layoffs 7/21
Sorry I'm late today. I'm going to have to make myself up a spreadsheet to keep track of this. I could just make it easier on myself and just post daily that anyone in transporation, newspapers, or local government is in deep, deep trouble.

City of Leesburg, Fl - 41 jobs lost total
LEESBURG - City officials arranged for employee layoffs to help meet budget constraints after other workers decided this week to accept early retirement buyouts.

The city received notifications Thursday from 12 who chose to take early retirement. The option included reduced penalties for drawing on pensions early and extended health-care coverage, City Manager Jay Evans said.

"It helps us determine the number of layoffs needed to balance the budget," said Evans, referring to this week's early retirement announcements.

The layoffs, estimated at nine, were planned late this week. In addition, 20 vacant positions will be eliminated and three other employees will move into new positions.

Portland Press Herald - Portland, ME - ?? jobs lost (4th round of layoffs)
The Portland Press Herald/Maine Sunday Telegram announced today it would have to cut more employees to compensate for a projected $1.2 million shortfall in advertising revenue in the second half of the year.

This would be the fourth round of layoffs the papers have undergone in the last year. The last round was announced in May and took effect July 1.

In that round, the paper cut 36 jobs. Of those, 25 employees accepted voluntary severance packages, six employees were laid off and another five jobs vacated by prior resignations were left unfilled.

Publisher Charles Cochrane said the decline in ad revenue has proven to be greater than was projected when the last round of cuts was planned.

"The economy has continued to worsen, and our business results are reflecting that. June advertising volumes were even worse than we had forecast, and it is now certain that July will also come in below expectations," said Cochrane in a company-wide memo.

Baltimore Sun - Baltimore, MD - 100 jobs lost
BALTIMORE: The (Baltimore) Sun completed its latest round of job cuts Friday by eliminating about 100 positions.

Fifty-five of those jobs were in the newsroom, according to union leaders, but the mass layoffs feared by many there were largely averted.

Judy Berman, a spokeswoman for the Baltimore Sun Media Group, declined to give an exact number of eliminated jobs but said the company had met its goal for cutting the work force by about 100 with a minimum of layoffs.

The 171-year-old newspaper, owned by Chicago-based Tribune Co., had about 280 newsroom employees before this round of cuts.

Howell Township - Howell, NJ - 8 jobs lost
By a vote of 3 to 0, the Township Council adopted the 2008 municipal budget last week. The budget calls for zero tax rate increase, keeping the municipal tax rate stable at 26.6-cents per $100 of assessed property value.

Though the $43.76 million budget is a little over $1 million more than last year, eight township employees have already had their jobs eliminated.

Mayor Joseph DiBella, Deputy Mayor Mike Howell and Councilman Robert Walsh all voted in favor of the budget, while Councilwomen Cynthia Schomaker and Angela Dalton were absent from the meeting.

Abbott Laboratories - North Chiocago, IL - "very small number" of jobs lost
NORTH CHICAGO -- Abbott Laboratories will lay off a "very small number" of employees in coming weeks as part of what a company spokesman termed a departmental restructuring.
Abbott spokesman Kurt Ebenhoch, while declining to say how many employees will be affected, said Friday that the company is "making a few changes in our diagnostics unit (to) improve our business efficiency."
The cuts will include management-level employees at Abbott Park.
Late last year, the company laid off some 1,200 people from manufacturing jobs in California and Ireland. That number represented less than 2 percent of Abbott's global work force of 65,000.
News of the latest cuts came two days after the company announced strong worldwide sales and net income during the second quarter, which ended June 30.

Vance Air Force Base - OK - 42 jobs lost
The latest layoffs at Vance Air Force Base will mean 42 employees will lose their jobs Aug. 4.

Danny R. Ohnesorge, program manager for CSC Applied Technologies LLC, primary contractor at Vance, has confirmed the affected employees have been informed they will be laid off as of Aug. 4. He said the layoffs would occur across the board but would include positions in aircraft maintenance, civil engineering, information technology and community services, as well as what he called the overhead portion of the contract, involving employees in administrative positions.

Of the 42, three will involve salaried, non-union employees, Ohnesorge said. Of the 30 employees laid off during an earlier reduction in force in June, three also were salaried.

Ohnesorge said, as far as he knows right now, no further layoffs are planned.

Virginia Regional Medical Center - 41 jobs lost
A shortage of physicians is prompting job cuts at the Virginia Regional Medical Center.

According to our partners at the Timberjay Newspaper, nurses have been hit the hardest, with a total of 41 affected by full or partial layoffs.

In addition to the cuts, hospital administrators have asked nurses to voluntarily reduce their hours or take extra days off.

Meanwhile, hospital officials are working to boost revenues, which sharply dropped in March, and hope the layoffs will prove temporary.

City of Atlanta, GA - ?? jobs cut
ATLANTA (MyFOX Atlanta) The mayor of Atlanta cut more jobs Friday and this time some high-ranking executives were among those city employees who got pink slips.

Most of those cuts axed un-filled positions. Franklin said the cuts ruined the dream of previous Mayor Campbell to have 2000 police officers in the city of Atlanta.

Atlanta's Fire Department was also hard hit.

Atlanta Fire Chief Kelvin J. Cochran said the department will decommission one fire station, eliminate 34 firefighter positions and layoff 27 fire recruits.

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  -STOCK MARKET WATCH, Monday July 21 ozymandius  Jul-21-08 05:57 AM   #0 
  - Market WrapUp: Elephant Talk  ozymandius   Jul-21-08 06:01 AM   #1 
  - Today's Report  ozymandius   Jul-21-08 06:03 AM   #2 
  - U.S. Leading Economic Indicators Index Probably Fell in June  ozymandius   Jul-21-08 06:52 AM   #12 
  - U.S. June leading indicators down 0.1%  UpInArms   Jul-21-08 10:59 AM   #74 
  - Crude oil back above $130 a barrel  ozymandius   Jul-21-08 06:04 AM   #3 
  - Paulson braces public for months of tough times  ozymandius   Jul-21-08 06:26 AM   #4 
  - I didn't know he had a night gig at the Improv!  Dr.Phool   Jul-21-08 06:32 AM   #6 
  - He wore clown shoes. And he used sound effects.  ozymandius   Jul-21-08 06:38 AM   #8 
  - Paulson Says Fannie-Freddie Plan Critical to Confidence in U.S.  ozymandius   Jul-21-08 06:43 AM   #9 
  - Bernanke, Paulson Pressed to Seek Big-Government Bank Bailout (Great Depression talk - AGAIN)  ozymandius   Jul-21-08 06:48 AM   #10 
  - For Dissenting Opinions From Practically Everyone  Demeter   Jul-21-08 07:09 AM   #20 
  - Ah yes. Perhaps if we made this an 'official' SMW request  Ghost Dog   Jul-21-08 07:19 AM   #28 
     - We need a list of charts which are active on the weekends.  Prag   Jul-21-08 10:34 AM   #70 
  - Bringing in another clown: Goldman's Wilson to advise Paulson on banking: report  UpInArms   Jul-21-08 07:10 AM   #22 
     - ... but not without benefit to his employer,  Ghost Dog   Jul-21-08 07:23 AM   #31 
     - Perhaps Wilson gets a huge bonus in February  DemReadingDU   Jul-21-08 08:48 AM   #54 
  - Freddie Mac May Slow Purchases of Mortgages, Bonds (Update2)  ozymandius   Jul-21-08 06:29 AM   #5 
  - AlterNet: Are Fannie and Freddie Screwed? Bush Hopes So  Tansy_Gold   Jul-21-08 08:03 AM   #41 
     - Greenspan lobbied Congress to dismantle Fannie Mae and Freddie Mac.  ozymandius   Jul-21-08 08:12 AM   #45 
        - Then The Ship of Fools Has Overreached For the Last Time  Demeter   Jul-21-08 06:56 PM   #77 
  - Earnings Preview: Wachovia 2Q results (fugly numbers)  ozymandius   Jul-21-08 06:33 AM   #7 
  - Wachovia, WaMu Struggle to Match Citigroup, JPMorgan Results  ozymandius   Jul-21-08 07:12 AM   #23 
  - It's all about BoA and Roche/Genentech, though.  Roland99   Jul-21-08 07:23 AM   #30 
  - dollar watch  UpInArms   Jul-21-08 06:49 AM   #11 
  - GLOBAL MARKETS-Asia stocks surge but financial fears linger  Ghost Dog   Jul-21-08 06:53 AM   #13 
  - Europe stocks snap 3-session rally; commods gain  Ghost Dog   Jul-21-08 06:56 AM   #14 
  - European shares jump on Bank of America results  Ghost Dog   Jul-21-08 07:40 AM   #35 
  - Another Ambrose E-P rant: The global economy is at the point of maximum danger  Ghost Dog   Jul-21-08 06:59 AM   #15 
     - This is commonly accepted insanity.  ozymandius   Jul-21-08 08:04 AM   #43 
        - I enjoyed this alternative approach (found in the Weekend Economist thread):  Ghost Dog   Jul-21-08 08:27 AM   #47 
  - U.S. Stock Futures Gain After Bank of America Beats Estimates (clown alert)  ozymandius   Jul-21-08 07:00 AM   #16 
  - So Maybe They Can Winkle Out One Quarter With Sleight of Hand  Demeter   Jul-21-08 07:05 AM   #17 
  - Bank of America profit tumbles 41% (but not as bad as it could have been - yippee!)  ozymandius   Jul-21-08 07:58 AM   #39 
  - Bush Tours America To Survey Damage Caused By His Disastrous Presidency  radfringe   Jul-21-08 07:05 AM   #18 
  - That is a classic. Real news footage too.  ozymandius   Jul-21-08 07:24 AM   #33 
  - That's really outstanding  Royal Oak Rog   Jul-21-08 08:46 AM   #53 
  - That's great!  DemReadingDU   Jul-21-08 08:59 AM   #60 
  - This one really sucks - FDIC in mess over subprime loans-WSJ  UpInArms   Jul-21-08 07:08 AM   #19 
  - OMG!  Demeter   Jul-21-08 07:10 AM   #21 
  - The FDIC is _supposed_ to be a rock solid insurer.  ozymandius   Jul-21-08 07:18 AM   #27 
  - In 2001 there was nothing sinister about subprime loans according to conventional wisdom  high density   Jul-21-08 07:24 AM   #32 
     - well, now, that all depends  UpInArms   Jul-21-08 07:29 AM   #34 
     - It still seems like standard operating procedure in 2001 terms  high density   Jul-21-08 07:50 AM   #37 
     - Then-Chairman Greenspan said this type of loan was a Superior idea.  ozymandius   Jul-21-08 07:43 AM   #36 
  - Economists: 2nd half growth likely to be anemic (promised rebound no longer in sight)  UpInArms   Jul-21-08 07:13 AM   #24 
  - Fortress mortgage fund down about 30 percent: WSJ  UpInArms   Jul-21-08 07:15 AM   #25 
  - U.S. retailer Mervyn's fights for survival: WSJ  UpInArms   Jul-21-08 07:17 AM   #26 
  - In the Atlanta area Mervyns stores have been dropping like flies in a hail storm.  ozymandius   Jul-21-08 07:22 AM   #29 
  - early futures  ozymandius   Jul-21-08 07:53 AM   #38 
  - I'm rich, Bitch!!!! Honk-honk!  Dr.Phool   Jul-21-08 07:59 AM   #40 
  - Yesssss!  Prag   Jul-21-08 10:27 AM   #69 
  - Congrats to my new best friend.....  AnneD   Jul-21-08 04:59 PM   #75 
  - I had thought that Bush's tax cuts  Alcibiades   Jul-21-08 08:03 AM   #42 
  - tax cuts were suppose to  radfringe   Jul-21-08 08:11 AM   #44 
     - Tax cuts achieved exactly what they were really intended to do.  Dr.Phool   Jul-21-08 08:19 AM   #46 
        - Will anyone call them out on this?  Alcibiades   Jul-21-08 08:49 AM   #55 
        - No they won't.  Dr.Phool   Jul-21-08 09:39 AM   #65 
        - Meanwhile the Air Force has marked $235 million of equipment to be discarded.  ozymandius   Jul-21-08 09:22 AM   #62 
  - Layoffs 7/21  Finnfan   Jul-21-08 08:33 AM   #48 
  - Tech Job Cuts Forecast for 2009 (hint: it's not good)  Finnfan   Jul-21-08 08:35 AM   #49 
  - might be easier to just post an article  radfringe   Jul-21-08 08:42 AM   #51 
  - Markets are open for bidness.  ozymandius   Jul-21-08 08:35 AM   #50 
  - updating for blather  ozymandius   Jul-21-08 08:49 AM   #56 
  - Bill Moyers interview with William Greider on Wall Street  antigop   Jul-21-08 08:44 AM   #52 
  - Private equity seen near-term banking fix  antigop   Jul-21-08 08:52 AM   #58 
  - Asterisks Abound  Finnfan   Jul-21-08 08:49 AM   #57 
  - This is the same tactic as ditching the M3 money supply report.  ozymandius   Jul-21-08 09:35 AM   #64 
  - In other words, they outsourced their economist jobs  Dr.Phool   Jul-21-08 09:44 AM   #66 
  - good quote  ozymandius   Jul-21-08 08:55 AM   #59 
  - Small Business to Dell, Home Depot, other Fortune 500 Companies  Finnfan   Jul-21-08 09:06 AM   #61 
  - Averages sinking to the unchanged mark  ozymandius   Jul-21-08 09:32 AM   #63 
  - Proposed song for the day.  Dr.Phool   Jul-21-08 09:49 AM   #67 
  - Spin that platter, Dr. Phool!  Prag   Jul-21-08 10:25 AM   #68 
     - racks and racks of hits on wax....  TalkingDog   Jul-21-08 10:38 AM   #71 
     - My undying admiration...  Prag   Jul-21-08 10:42 AM   #72 
     - I used to have that one on vinyl.  Dr.Phool   Jul-21-08 10:59 AM   #73 
  - end of the day numbers and blather  UpInArms   Jul-21-08 06:05 PM   #76 
  - After the close, American Express and Apple posted poor earnings.  Finnfan   Jul-21-08 07:37 PM   #78 

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