[lowem]

$this->bbcode_second_pass_quote('Jester', 'C')anada, with Suncor and Petro Canada merged, they are cutting 1000 jobs. They employed around 13,000 prior to this, so thats a cut of around 7.6% of their work force.

[lowem]

Japan Airlines to cut 6,800 jobs, pursue tie-up

$this->bbcode_second_pass_quote('', 'J')apan Airlines (JAL) said on Tuesday it would slash 6,800 jobs and pursue a tie-up with a foreign carrier in a bid to return to profit in the face of severe turbulence unleashed by the global recession ... "The personnel reduction cannot wait," president Haruka Nishimatsu told reporters after briefing a government-appointed panel on the planned revamp. "The world is changing, and we have to adjust our size. It's easy to expand, but it's extremely difficult to downsize," he said.

[lowem]

BAE Systems to cut 1,100 jobs in Britain

$this->bbcode_second_pass_quote('', 'B')ritish defence equipment firm BAE Systems will axe 1,100 jobs in Britain and close a key facility in northwestern England, trade unions said on Tuesday ... one site in Woodford, Cheshire, will be shut down.

[lowem]

Magna says it plans to cut 10,500 jobs at Opel

$this->bbcode_second_pass_quote('', 'T')he co-head of Canadian auto parts maker Magna said Monday that it planned to cut 10,500 posts at loss-making German car maker Opel once it completes its takeover of the General Motors' unit ... GM said last week that it would sell a 55-percent stake in Opel to a consortium composed of Magna and the state-owned Russian lender Sberbank.

[hardtootell-2]

I have been looking at Engineering jobs for my city of 1 million. During good times I noticed 30-50 new ads per day. Over the last month or so, I have seen between 0 and 4 posts for new jobs per day. I was using the exact same search criteria on the exact same website.
IMHO we are still Depression bound...

[Cog]

In my own field of land surveying, our monthly newsletter generally had 2 to 3 pages of help wanted ads prior to the recession hitting. The last one I received had 3 ads total and 6 businesses for sale.

Since nothing much gets built of any consequence without a surveyor getting involved, it tells me the recession is hitting all aspects of the construction trade.

The only thing our company is doing right now is government work and that is slowing down as well.

[hardtootell-2]

Anecdotally- as I heard it in confidence. An engineering firm in Western Canada laid off 75% of their engineering staff since January. Engineering used to comprise 60% of their revenues. This represents >1500 engineering jobs!

Not quite what you hear in the media!

Are we at the bottom yet?

[patience]

lowem,

RE: Whirlpool plant closing.

I live about 80 miles from there, and have seen the plant. It's about half a mile long. (Takes a LOT of room to build zillions of appliances.) Those 1,100 jobs are the primo jobs in the city. Evansville will not be the same after this. Yes, they have an engineering college there, and it is a good agricultural area, but the real money came from Whirlpool. Evansville is also on the Ohio River, and I'm sure that shipping is (was) significant there, also, but with the best jobs gone, the city will decline.

At 80 miles away, even I got some work from there, indirectly, from a wireforming company that makes their oven and refrigerator shelves. That company is in Elizabethtown, KY, and Whirlpool is their major customer, so they will suck air now. This plant closing will affect at least a 75 mile radius. Indiana is reverting to its' historical beginning as a farming state, and the farmers ain't doing too good, either. I know that for a fact, since they provide 80% of my repair shop business. My receipts for the year so far are down 60% +.

[hardtootell-2]

Does anyone think that any of the unemployed, their family or friends or associates or former coworkers are out spending on much more than the necessities? You would have to really be asleep at the switch or in deep denial not to realize that you could be next. Its chilling to think how deep this probably goes already.
And if you trust teh government numbers/spin I have some credit default swaps I'd like to sell you.

IMHO it is GD2.

[JJ]

$this->bbcode_second_pass_quote('hardtootell-2', 'D')oes anyone think that any of the unemployed, their family or friends or associates or former coworkers are out spending on much more than the necessities? You would have to really be asleep at the switch or in deep denial not to realize that you could be next. Its chilling to think how deep this probably goes already.
And if you trust teh government numbers/spin I have some credit default swaps I'd like to sell you.

IMHO it is GD2.

[the48thronin]

$this->bbcode_second_pass_quote('JJ', ' ')you OBVIOUSLY haven't been paying attention to oily and anti..., all's well now!

[lowem]

(Japan’s second-largest consumer lender) Aiful to Trim 2,000 Jobs, Forecasts $3.4 Billion Loss

$this->bbcode_second_pass_quote('', 'A')iful Corp., Japan’s second- largest consumer lender by assets, announced plans to cut as much as 44 percent of its workforce and forecast a full-year loss, sending the shares to a six-month low.

[lowem]

Russian car giant Avtovaz to cut up to 27,600 jobs

$this->bbcode_second_pass_quote('', 'R')ussian car giant Avtovaz said on Thursday it would slash up to 27,600 jobs as it struggles with sliding sales due to the impact of the global economic slump. "Today, 102,000 people work at Avtovaz. Such a number cannot guarantee effective and profitable production, therefore we have agreed to reduce the personnel by 27,600 people," the carmaker said in a statement.

[hardtootell-2]

I had a freaky weird experience today. I was having a business lunch with two former coworkers who had been through 2 rounds of layoffs with me from companies we used to work with. Their major customer just went bankrupt. Their US parent company is on the rocks and neither of them thought there was anything but blue skys and sunshine ahead... go figure! Talk about your deeeeep denial! It is kinda surreal.

[lowem]

Dell to close N.C. plant, eliminate 905 jobs

$this->bbcode_second_pass_quote('', 'F')our years after opening a computer manufacturing plant in Forsyth County, Dell Inc. announced plans Wednesday to shutter the operation, laying off all 905 workers ... when Dell selected North Carolina for its new plant, the company promised to invest at least $100 million in its plant and create at least 1,500 jobs by 2020. Its 750,000-square-foot plant opened in late 2005 with great fanfare - company founder Michael Dell joined state and local officials at the dedication ...

[Homesteader]

We moved to the Greensboro area in the summer of 2005. The whole area was simply giddy with the news of Dell choosing to build there. It was like manifest destiny was still operative.

[shortonsense]

$this->bbcode_second_pass_quote('hardtootell-2', 'D')oes anyone think that any of the unemployed, their family or friends or associates or former coworkers are out spending on much more than the necessities?

[JJ]

$this->bbcode_second_pass_quote('lowem', '[')url=http://www.wral.com/business/story/6156112]Dell to close N.C. plant, eliminate 905 jobs[/url]$this->bbcode_second_pass_quote('', 'F')our years after opening a computer manufacturing plant in Forsyth County, Dell Inc. announced plans Wednesday to shutter the operation, laying off all 905 workers ... when Dell selected North Carolina for its new plant, the company promised to invest at least $100 million in its plant and create at least 1,500 jobs by 2020. Its 750,000-square-foot plant opened in late 2005 with great fanfare - company founder Michael Dell joined state and local officials at the dedication ...

[SeaGypsy]

$this->bbcode_second_pass_quote('', '[')b]Dell buys Perot Systems for $3.9 billion22 Sep 2009:
NEW YORK, 21 Sep 2009 (AFP) - US computer giant Dell said Monday it is buying computer services firm Perot Systems for $3.9 billion in a move seen as a bid to counter rivals IBM and Hewlett-Packard and expand beyond its core PC business.

Dell, the second-largest US computer manufacturer after HP, said it plans to acquire all ordinary shares of the company founded by Texas billionaire Ross Perot for $30 a share, a 65-percent premium over Friday's closing price.

"Dell and Perot Systems have entered a definitive agreement for Dell to acquire Perot Systems in a transaction valued at approximately $3.9 billion," Dell said in a statement.

[lowem]

More news on Avtovaz, the Russian car-maker mentioned earlier :

Russian car giant on verge of bankruptcy

$this->bbcode_second_pass_quote('', 'R')ussia's largest carmaker Avtovaz is on the verge of bankruptcy and needs to cut almost 50,000 jobs if it is to have any hope of survival, a newspaper Thursday quoted a ministry memo as saying ... the Lada car maker has already announced plans to slash 27,600 jobs from its workforce of 102,000 in a bid to cope with the slumping demand caused by the economic crisis. But the memo said that current output levels are such that the workforce should stand at only 55,000, meaning job cuts of almost 50,000 should be required.