A brief recap of job losses taking place today across America.
Analysts say 10,000 hourly workers probably will lose their jobs as part of Daimler Chrysler’s effort to cut costs at its Chrysler Group by more than $2 billion, or $1,000 for every car sold in the United States. Meanwhile, Daimler Chrysler AG said Wednesday its fourth-quarter earnings plunged 40 percent on weaker demand from Chrysler.
Ford said it would cut nearly 2,300 North American salaried jobs by the end of January as a result of its deteriorating domestic auto business.
OfficeMax Inc. is taking the ax to more jobs. The Naperville-based office supply store chain announced Thursday it is cutting about 245 corporate staff and field management positions
Citigroup has lost more than $20 billion in the last year, and has cut more than 20,000 jobs in that same period. Citi’s global staff stands at about 352,000 now, and the firm has a target to trim that to about 290,000 by next year, the report said, citing a person familiar with the company’s plans.
Traffic and toll revenue are down on the Pennsylvania Turnpike, so the agency that runs the highway system is cutting jobs. Officials wouldn’t say how many of the 2,250 employees were expected to lose their jobs. Layoffs could follow.
The warning is out – Mayor Richard M. Daley says a parade of corporate chief executives have told him huge layoffs are planned around the city and will carry into next year.
The number of workers affected by mass layoffs so far this year in Central Florida has risen 207 percent — and experts believe it will worsen before the economy settles.
Yum Brands will cut several hundred jobs at Pizza Hut in Dallas, at its Taco Bell headquarters in Irvine, Calif., and at the company’s headquarters in Louisville, KY.Yum’s Brands also has the KFC, Long John Silver’s and A& W brands under its umbrella. A spokesman for Pizza Hut said staff members at the company’s Dallas headquarters would be notified of the cuts Wednesday. The company didn’t specify how many positions would be impacted.
One Hamilton steel maker is laying off workers and another will shut down over Christmas, sending more than 5,000 workers home, as the global financial crisis continues to batter the steel industry.
Headquarters of QVC in West Chester, a TV retailer began layoffs yesterday in a plan that, over the next 14 months, will cut about 900 jobs, most in West Chester. Nationwide, retailers are predicting a brutal holiday season
No matter what President Obama does for the next year to help stanch the bleeding of our economy, it will take time for its effects to ripple down to the average person. Hang onto your hats, people. This is going to be a bumpy ride.
