THE Let the worldwide layoffs begin Thread (merged)

Maddog78 · **Joined:** Mon Jul 14, 2008 12:00 am **Posts:** 1083

You didn't say conservatively in your first post using 10%. :mrgreen:

Quote:

threadbear wrote:
And in Canada, at 10% unemployment, we've just begun.

lowem · **Posted:** Sun Aug 02, 2009 7:44 pm

Maddog78 wrote:

You didn't say conservatively in your first post using 10%. :mrgreen:

Not sure if there are equivalents for Canada, but are you folks talking about the U-3, U-6 or SGS figures?

Maddog78 · **Joined:** Mon Jul 14, 2008 12:00 am **Posts:** 1083

I'm not sure about the equivalents to U.S. stats.
I got the 8.6% from Statistics Canada.

http://www.statcan.gc.ca/subjects-sujets/labour-travail/lfs-epa/lfs-epa-eng.htm

Quote:

Employment was little changed in June, leaving total net losses during the last three months at 13,000, much smaller than the 273,000 decline in the first three months of the year. The unemployment rate edged up 0.2 percentage points to 8.6% in June, as more people looked for work.

lowem · **Posted:** Tue Aug 04, 2009 1:05 am

Seagate Technology to lay off 2,000 employees in Singapore

Quote:

Seagate Technology announced on Tuesday it would relocate its hard disk drive manufacturing operations from Ang Mo Kio to other existing Seagate facilities by end-2010, laying off some 2,000 employees in the process.

So much for the green shoots.

lowem · **Posted:** Thu Aug 06, 2009 8:47 pm

Goldman, Foreign Banks Cut 1,100 Jobs in Japan Last Fiscal Year

Quote:

Goldman Sachs Group Inc. and seven other overseas banks eliminated 12 percent of their workforce in Japan last fiscal year as a stock market rout crimped trading profits and investment banking fees.

Jester · **Joined:** Thu Mar 16, 2006 1:00 am **Posts:** 203

Canada... the experts forecast here would be around 15,000 jobs lost. Not surprisingly, the experts were wrong... it was around triple that, with about 45,000 jobs lost.

Probably doesn't sound so bad to some americans, but an important thing to remember is that Canada's population is about 1/10th of the USA. To put it into perspective, that would have been close to a half million jobs lost in a month in the states... Right when we're told the economy is recovering...

lowem · **Posted:** Tue Aug 18, 2009 8:30 pm

Lockheed Martin aerospace division to cut 800 jobs

Quote:

Lockheed Martin Space Systems Company, a division of US global security firm Lockheed Martin Corporation, said on Monday it would cut about 800 jobs by year-end to improve its competitiveness. The company said the payroll deductions represent about 4.5 percent of the overall workforce and are "aimed at improving its competitive posture."

Not so many rockets going up nowadays in a recessionary period I'd suppose?

lowem · **Posted:** Wed Aug 26, 2009 3:49 pm

Japan's Fujitsu to axe 1,200 jobs in Britain

Quote:

Japanese electronics maker Fujitsu Ltd. on Wednesday said it planned to cut up to 1,200 jobs in Britain by the end of 2009 because of worse-than-expected sales ... Fujitsu, which recently posted a quarterly loss, plans to shed almost a tenth of its workforce in Britain as it employs 12,500 people across the country.

hardtootell-2 · **Posted:** Wed Aug 26, 2009 4:02 pm

and more good news

from a chief cheerleader:

http://www.edmontonsun.com/news/alberta ... 03106.html

whose job it is to talk up the sunny side of things!

lowem · **Posted:** Thu Aug 27, 2009 9:38 am

Japan's Mitsukoshi to axe 1,000 jobs

Quote:

Mitsukoshi, the iconic Japanese department store operator, plans to slash its workforce by about one-sixth to cope with dwindling demand for luxury goods, a newspaper reported Thursday. The firm, part of Isetan Mitsukoshi Holdings Ltd., will axe about 1,000 jobs by March 2010 through a voluntary retirement program - the biggest round of cutbacks yet for the troubled industry ...

Dunno about Mitsukoshi, but quite familiar with Isetan. Well well, "dwindling demand for luxury goods" eh, what, upper-class/upper-middle-class no longer supporting them like they used to?

eastbay · **Posted:** Thu Aug 27, 2009 9:57 am

http://www.google.com/hostednews/ap/art ... QD9ABBBSG0

Nummi to end production. 4,600 assembly workers and an additional 40,000 supply workers to lose their jobs in California. These are nearly all quite high paying jobs, and in a few months they will be gone. This is a major hit for struggling California.

WASHINGTON — Toyota Motor Corp. plans to end production in March 2010 at a California joint venture where it has built vehicles with General Motors, the company said Thursday.
Toyota's board voted early Thursday to end the company's production contract at the Fremont, Calif.-based New United Motor Manufacturing Inc., spokeswoman Cindy Knight confirmed.

highlander · **Posted:** Thu Aug 27, 2009 10:30 am

The national news said "new jobless claims down" I guess that is the "truth" they went from 580,000 last week to 570,000 this week.

Roy · **Posted:** Thu Aug 27, 2009 10:48 am

Always look on the bright side of life

lowem · **Posted:** Thu Aug 27, 2009 11:13 pm

Toyota to end California plant production (4,500 jobs to be affected)

Quote:

Toyota Motor Corp will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession. The move to cease operations at the plant in Fremont by March 31 puts at risk more than 4,500 jobs and highlights significant overcapacity global carmakers are facing as they try to shake a recession-fueled sales downturn.

And according to Bloomberg, this is the first time that Toyota is shutting an assembly plant in its 72-year history.

Like some around me have been saying, if even Toyota cannot make it, who can?

eastbay · **Posted:** Fri Aug 28, 2009 9:51 am

Toyota will be fine, well, for at least as long as any other car maker. They're still Top Dog.

But it looks like it'll be closer to 50,000 jobs lost in California. Suppliers, truckers, longshoremen, inspectors, the guy running the local cafe', the tire store repairing the truckers tires, and the customs guys who will get transfered from Oakland. All lost or moved. This is immense for California! :shock:

http://www.automotiveworld.com/news/man ... mi-closure

THE Let the worldwide layoffs begin Thread (merged)

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