Getting Better?

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Registered: 03-26-2003
Getting Better?
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Thu, 12-10-2009 - 9:54am
33 percent of LA employers in poll will lay off workers in 2010
By Tony Castro Staff Writer

Posted: 11/02/2009 07:46:34 PM PST






Despite Los Angeles County's already record high unemployment, the job outlook is likely to get worse as the number of businesses planning layoffs has more than doubled since last year, according to a new poll to be released today.

A survey by the Los Angeles County Business Federation says 33 percent of respondents said they would lay off workers in 2010, up from 14 percent who were asked last year.


Aetna to lay off 625 now, equal number in early 2010

HARTFORD, Conn.—Health insurance giant Aetna Inc. said Wednesday it will shed 625 jobs due to economic conditions.






 Aetna, which has approximately 35,000 employees, also said it anticipates making a similar number of layoffs by the end of the first quarter of 2010.

 

 


Adobe Laying off 680 Staff to Cut Costs
By James Niccolai,
IDG News Service Adobe Systems will lay off 680 staff, or 9 percent of its workforce, in its latest move to cut costs, the company confirmed Tuesday.

 


AOL to Lay Off 2,500 Employees







By: Don E. Sears
2009-11-19


 


In order to reduce its operating cost, AOL management is asking for so-called voluntary layoffs. Involuntary layoffs will follow if AOL does not hit its target of reducing its operating budget by $200 million in the first half of 2010.


 



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    Survey: 25 States Plan To Lay Off Workers In 2010


    WASHINGTON (Dow Jones)-- In this fiscal year, 25 states expect to be forced to lay off workers, according to a survey released Thursday.


    In fiscal year 2009, a total of 19 states laid off employees and 25 states currently say they expect to do the same in 2010, Scott Pattison, executive director of the National Association of State Budget Officers said at a press conference Thursday.


    Computer maker closes Winston-Salem plant, resulting in job cuts of about 1% of its staff.







    See all CNNMoney.com RSS FEEDS (close)



    By David Goldman, CNNMoney.com staff writer

    Last Updated: October 7, 2009: 4:37 PM ET

    NEW YORK (CNNMoney.com) -- Computer maker Dell announced on Wednesday that it will close a plant in Winston-Salem, N.C., and will cut 905 jobs as a result.


    Dell said that 600 plant workers will be laid off in November, and the remaining 305 employees will be cut by January 2010, when the plant is scheduled to close. The cuts represent about 1% of the company's 78,900 employees.


     


    Thomas & Betts Corp. closing plant and laying off 117
    By Olivera Perkins, The Plain Dealer
    October 28, 2009, 12:41PM

    Thomas & Betts Corp. which manufactures electrical components, is closing its operations on Harvard Avenue in Cleveland and permanently laying off 117 employees who work there.


    BusinessWeek lays off up to 130 workers, AP cuts 90
    Fri Nov 20, 2009 5:15am IST

    By Robert MacMillan


    NEW YORK (Reuters) - BusinessWeek will lay off up to 130 workers, about a third of its staff as Bloomberg LP prepares to take over the magazine from McGraw-Hill Companies Inc, two sources at the magazine said on Thursday.


    News of the job cuts comes on the same day The Associated Press said it is laying off 90 news department workers, or about 3 percent of its worldwide news staff, and capped a grim week for journalists whose jobs at many U.S. news outlets have been drying up in recent years.


    Cummins To Lay Off At Least 400 Employees

    By Dennis Phillips POSTED: November 30, 2009


    BUSTI - On Monday, Cummins Engine announced it will be laying off at least 400 employees at the start of the year because of decreased demand.


     


    Microsoft laying off 800 more


    Posted by

    Nick Eaton at November 4, 2009 9:44 a.m.


    Microsoft confirmed on Wednesday that it is cutting 800 more employees, completing the large round of layoffs the company announced in January. With the goal of eliminating 5,000 positions by June 2010, Microsoft began laying off employees this past spring.


    Sony Ericsson to close locations, lay off 2,000


    18 November, 2009 02:41:31 PM


    Sony Ericsson has just announced that it is closing some locations and laying off 2,000 individuals.

    The facilities being closed are the Research Triangle Park location in North Carolina that will shut in the third quarter of 2010. 420 workers will be laid off with that move. After a layoff of 2,000 employees last year, Sony Ericsson's head count was 9,900. Smaller offices in Miami, Seattle and San Diego also will close.


    The sad part is I could go on and on. These were just the few I picked out of a search of companies that will be laying off in the months to come. And even scarier is that the list is including more and more companies in places like Canada and even India, proving that whatever economic disaster is occurring it's becoming a world-wide event.


    Not to be a doomsayer, but where is this going to end? We have a 10% unemployment rate now; how are all these people going to be absorbed into the workforce when there are no jobs? And those who are having to take jobs that are in no way comparable to the one they lost.


    When you think of the millions of college students graduating every year, all thinking a job is in their future and most with thousands of dollars in loans to repay, it's a frightening scenerio. One of the departments where I work advertised for an administrative assistant position and received over 600 applications (both men and women), many of them with degrees in accounting, business, finance, and education. This is basically a job a bright high school graduate could do. It pays about $14.00 an hour.


    My neighbor across the street is still unemployed. She's 56 years old, she worked for a car dealership that closed. Now she says she can't even get a call back. Her unemployment runs out in February. She's starting to put in applications at Wal-Mart and Target, but even they aren't hiring, or if they are they're looking for people who have retail and cashiering experience.


    I'm definitely concerned about our future. Job layoffs are like a plague. No one is safe, you always know someone who is effected, kids and older people are hit hardest, and it leaves people tired, struggling and unable to take care of themselves.


    Obama can spend all the money in the world to "create" jobs, but if he can't stop the job loss then his efforts and spending aren't going to help us.

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    Avatar for ddnlj
    iVillage Member
    Registered: 03-26-2003
    In reply to: ddnlj
    Fri, 12-11-2009 - 8:25am

    Suspicious by nature as I am, I'm inclined to believe that the government would never help back a high speed rail plan because it would put a crimp in the airline industry's style.


    For the same reason we've never gotten any real alternative to gasoline powered automobiles. The oil industry.


    In America,

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    iVillage Member
    Registered: 02-20-2007
    In reply to: ddnlj
    Fri, 12-11-2009 - 9:50am
    I'm very sorry to hear about your situation mom. I can't believe those b*stards won't give you an extra month to make things right. That's not fair at all. My prayers go out to you and your family. Maybe there will be a change of heart. Let's hope so. God bless you.
    iVillage Member
    Registered: 08-30-2002
    In reply to: ddnlj
    Fri, 12-11-2009 - 10:00am
    Begin the process of filing chapter 13 bancruptcy. You don't have to go through with it. But by filing you stop all creditors from taking further


    iVillage Member
    Registered: 02-20-2007
    In reply to: ddnlj
    Fri, 12-11-2009 - 10:11am
    This is a perfect example of why this board is so great. Good advice.....you deserve a big pat on the back hottllipps......(did I get all the double letters right?)
    iVillage Member
    Registered: 01-04-2009
    In reply to: ddnlj
    Fri, 12-11-2009 - 12:13pm
    Excellent advice! That is what some people around here have done. Once those papers are filed, everything is on hold. There is NO obligation to go through with the bankruptcy if your financial situation changes.

     

    Avatar for lucy4980
    iVillage Member
    Registered: 03-26-2003
    In reply to: ddnlj
    Fri, 12-11-2009 - 5:58pm

    I am in California and our state is drafing a plan for high speed rail - there IS federal stimulous money available (I believe $8B), but there are several potential high speed rail projects across the country hoping to get funding.

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