By judy golden

To track reversals in the world of work for workers and companies

Thursday 4/23
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Reversals Sixteen
11.2% in CA unemployed in March highest since WW II and 2.1m out of work
WA unemployment 8.4%
84,217 layoffs in tech
534329 layoffs since November 08 at largest US companies
1.47m on unemployment extension as of 3/26
1/10 on food stamps – 32.2m
12.5 total unemployed – 3/12
CA unemployment at 10.1%
640,000 first time unemployment claims for week of 4/13 for increase of 27,0000
6.14m claim benefits for more than a week as of 4/18
Newspapers – 8249 in US
Law –3000 lost jobs from Feb to April . 560 in major firms week of 2/23 and week of 3/2 is 337
attorney and 795 staff – 1132. 10,000 layoffs since January – 4281 attorney and 6259 staff.

IBM – to lay off thousands in UK Germany Ireland to shift workforce to EU, CH , IN , SA Also
cut out tea and coffee and no home internet connection
Kwiry – sms reminder service in 207 closing down
Cliffs Natural Resources – mining coal layoff 355 at mines
Pilgrims Pride – TX chicken Chapter XI close plant in GA and out280 people. Bought plant from
Con Agra in 03 – 47000 total and 35 chicken processing plants and 11 prepared food facilities in
14 states and Puerto Rico and Mx.

By judy golden
To track reversals in the world of work for workers and companies
Thursday 4/23
----------
Reversals Sixteen
Chicago Tribune – 53 out 11% layoff in newsroom parent is The Tribune Company and bought
by SamZell and Chapter XI. The Trib has 430 person newsroom. Other paper also in Chapter XI
Chicago Sun-Times and Sun-Times Media group.
Observer & Eccentric Newspaper – MI 44 out and close 5 print and web editions Susan Rosiek
Naperville Sun – 3 reporters out IL
East Valley Tribune – 12 production people and paper stops a Saturday edition
Sun Times – 140 jobs 10% IL Chapter XI
Pioneer Press – 12 out including editors and music critic IL
MRM worldwide – NY digital ad 25 out in creative, account, and project management
Yahoo – additional layoffs in hundreds - 500 - and Hot Jobs for sale - yahoo newspaper
consortium. Will close business units. Shut down jumpcut video service in June
BF Goodrich – closes ALA plant and 1000 out
Qantas Air – 1750 out – 500 managers AU
Hallmark – 550-750 out MO total of 9200
Deere – 200 out in agricultural equipment and commercial and consumer equipment to combine
divisions
GSI commerce – call center closes
Filene Basement – discount retail sold to liquidation and turnaround specialist – has 25 stores.
Walmart CN – 10000 out. In CN since 1995 with 227 stores and 70000 people. Protests
Philip Morris – close Concord plant with 1100 people
HSBC – hong kong – 100 private bankers out 8%/1200. London based
USB – in wealth management 240 out in Apac Singapore
Soapstone Networks – telecom equipment cut 40%
By judy golden
To track reversals in the world of work for workers and companies
Thursday 4/23
----------

Reversals Sixteen
Discover Financial Services – credit card network - 500 out 4% - credit losses
Homac Companies – FL manufacturing electrical connectors 54 out. Owned by Thomas & Betts
Tenn
TCS – IN IT layoff 2000 to 3000
Infosys – cut variable pay
Motorola – Libertyville IL layoff 45
Linear Technology – 130 jobs CA Lothar Maier
MEMC Electronic Materials – 200 out Korea – MO wafers for semiconductor
Z Gallerie – furniture Chapter XI 57 stores
Russell Investment – 2000 jobs 20% WA 1936
Amgen – drugmaker clinical drug manufacturing in WA 100 jobs out. 17000 worldwide
Los Angeles Board of Ed – layoff 540 teachers and support
KC - 100 policepeople may be out
UBS – Switzerland – 3000 jobs Oswald Grubel CEO from credit Suisse.
University WA – 1000 employee jobs
ArcelorMittal SA – steel PA idele plant in IN and layoff 400.
Chronicle – 80 driver jobs gone 10% of jobs
Passalong Networks – music distribution Dave Jaworski properties include StoreBlocks platform
for sale 2002
Lufkin - some workers on short weeks and end supply chain contracts some of them
General Growth Properties – major mall filed Chapter XI in Chicago IL. 158 regional shopping
centers filed and subsidiaries and JVs didn’t file. Abiti Bowater – owns 200 malls
By judy golden
To track reversals in the world of work for workers and companies
Thursday 4/23
----------
Reversals Sixteen
Sony Ericsson – mobile phone 2000 jobs out Dick Komiyama. Trying to target low end market
needs huge volume – strategy began in 2007. Strength is multimedia, music, pictures.
Block Cor – holding company for apparel filed Chapter VII and corporate liquidation. Licenses
for known brands.
Toshiba – 3900 out
ABX Air – 500 people out
Ormet – 1000 jobs and change retiree benefits Mike Tanchuk due to Glencore backing out of
contract to buy materials at set price and not supplying materials promised to Ormet. Legal
action.
Nokia Oyj – mobile phone – 1000 resign for severance.
Harley Davidson – 400 jobs production
Best Buy – store managers and senior sales to work with shoppers job cuts and lower pay. Reorg
with 1000 assistant managers out and 8000 senior associates with pay cuts and demoted to sales
associate
Twinsburg Chrysler – UAW local 122 400-500 people out including assembly plant, maintenance
and skilled trades.
NXP – 622 jobs out and plant closing microchip maker in NY
Teradyne – 350 jobs out and reduce exec salaries – chip maker manufacturer Mass total of 3800
global Michael Bradley test equipment in production of electronic chips and other componsents
Media General
Dartmouth – 3 laid off from admissions and financial aid.
US Steel – 40 workers laid off
Toshiba – 3900 contract workers in Japan by 3/10.
Emerson Electric – TN 200 out at plant making industrial generator
TV paper - VA – out 300 jobs and freeze pension plan end of May Media General
By judy golden
To track reversals in the world of work for workers and companies
Thursday 4/23
----------

Reversals Sixteen
Anheuser-Busch – close facility in IL and lose 80 jobs
Spray Nine – NY – cleaning product manufacture for industry and consumer closing plant lay
off 71 owned by Permatex – 61 year old company Gregory Mostoller GM
T Rowe Price – MD – let go 288 Mutual fund
Kadoink – Text message marketing SF taken by Hercules Technology Growth Capital lost line
of credit. Scott Cahill – looking for buyer raised 14m in capital and all equity holders are wiped
out. Like Mozes and FanBox and GO2media and 4INFO and Cellvspace.. Mobile engagement
platform to transform phone mobile into communication channel to produce revenue
DHL – move jobs full time and part time from Wilmington to No Kentucky airport
Ritz and Wolf Camera – 300 stores liquidate and 400 remain and Chapter XI. In MD 63 out
Xilinx – 6% out 200 people
Stila Cosmetics – sold to private equity firm and it closed in March
Second Story bookstore – closing in NY after 37 years as retiremtn not sale
Andrisen Morton – closed womens store after 30 years and keep open mens outlet
Brocade – 79 people out
R Bosch – 225 out in SC – auto parts plant makes fuel injectors for diesel and gas powered
engine and brake components
GM – 1600 jobs Troy Clarke President and CEOP Fritz Henderson
Brown-Forman – 6% and no salary increase liquor and wine
Eircom – 1250 jobs out IRE
Cinram – media entertainment replicator close IND plant and lay off 330 at CD and CD-Rom
plant CAN David Rubenstein CEO gone.
Chrysler – May have refused stimulus due to new limits on exec pay
By judy golden
To track reversals in the world of work for workers and companies
Thursday 4/23
----------

Reversals Sixteen
A-boy Supply – chain in OR hardware to close 4/6 open 50 years
Sun – with Oracle 7.4b acquisition layoffs to come may be 10000
Yahoo! – 5% reduction in staff
GM – close plants for summer 9 weeks
Capital One financial – 60 people out
Saab – let go 300 – aerospace and defense Sweden
Lloyds Banking Group – finance 1000 jobs cut
CPMC – 200 jobs out and manager salaries cut by 3% and freeze on salaries all above 50k/year
Legg Mason – MD investments – 24 out
Asyst Technologies – CA 141 jobs cut Chapter XI semiconductor
Nordstrom – 72 jobs in Iowa and WA
Accent – 19 engineers in 3 IT offices 30%
Agilent Technologies – 300 out in CA Santa Rosa 20% (unemployment in Sonoma is 10%)
Electronic Measurement group Ron Nersesian now have 1050 there. Former HP company.
Weyerhaeuser – close trucking division in OR with 75 jobs

By judy golden
To track reversals in the world of work for workers and companies
Thursday 4/23
----------

Reversals Sixteen
Legal:
Kirkland & Ellis – 80 staff out on E coast and no attorneys
Brownstein Hyatt Farber Schreck – 15 attorneys and 22 staff
Greenberg Traurig – cut salaries summer and first year associates like Allen Matkins and
McGuire Woods 10%
Womble Carlyle – 20 people associates and staff out – law firms must be able to do more with
less – make transformational changes
Davis Wright Tremaine – WA 5% cut to associate salaries
McKenna Long Aldridge – cut start salaries by 20k
Perkins Cole – 12 associates and 26 staff out
Holland & Knight – hired Richard Raysman from Thelen MIT and Brooklyn Law – computer
law.
Wells Fargo merger w Wachovia – probably 15-20% cut in lawyers combined department
Shearman & Sterling – stealth layoff 5% litigation associates
Herbert Smith – freeze pay increase and remove 84 jobs in UK in corporate and RE
Wolf Block closed and lawyers staff going to Duane Morris on E coast.
Schnader Harrison – PA laid off partners, attorneys, staff in March
Faegre & Benson – Germany close Frankfurt office later this year – 15 lawyers out and 7
partners – corp, RE, employment, dispute resolution, trademark Based in MN Tom Morgan