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A collection of news and information related to Unemployment published by Tribune Company sources.
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AT&T to cut 12,000 jobs
The Associated PressPressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force. The Dallas-based telecommunications company, the nation's largest, said the job cuts will begin...Tags: AT&T Corp., Collective Contract, Layoffs and Downsizing, Telecommunication Service, Unions
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Brazil's Vale to reduce nickel output for Canadian unit, launch early retirement program
AP Business WriterSAO PAULO, Brazil (AP) — Citing falling nickel prices, Brazilian mining giant Vale said Thursday it will reduce production of the metal at its Canadian division and cut jobs in that unit through a voluntary retirement program. Companhia Vale do Rio...Tags: Employees, Metal and Mineral, Mining, Freeport-McMoRan Copper & Gold Inc, Layoffs and Downsizing
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Bernanke wants foreclosure relief; economy sinks deeper as layoffs mount, retails sales tumble
AP Economics WriterWASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down...Tags: Wal-Mart Stores Inc., Financial and Business Services, Federal Reserve, General Motors Corp., Wachovia Corp.
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Wall Street turns cautious ahead of Friday's employment report; Dow industrials tumble 216
AP Business WriterNEW YORK (AP) — A period of relative calm on Wall Street ended Thursday as stocks tumbled in the final hour of trading on growing investor anxiety ahead of the government's November employment report. The major indexes each slid more than 2.5...Tags: Wal-Mart Stores Inc., New York Mercantile Exchange, Metal and Mineral, General Motors Corp., Target Corporation
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New jobless filings unexpectedly drop
The Associated PressNew claims for jobless benefits fell unexpectedly last week but the number of people continuing to receive government aid reached a 26-year high and large companies announced more job cuts today. The Labor Department reported that initial claims for...Tags: Employees, Freeport-McMoRan Copper & Gold Inc, Layoffs and Downsizing, J.P. Morgan Chase & Co., United Technologies Corporation
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Layoffs to affect Cliffs' Upper Peninsula mines
Cliffs Natural Resources Inc. says it likely will lay off up to 350 workers from its mines in Michigan's Upper Peninsula early next year. The Cleveland-based company said Thursday it plans to scale back iron ore production at its Empire and Tilden mines...Tags: Layoffs and Downsizing
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AT & T to cut 12,000 jobs, 4 percent of staff
Associated PressNEW YORK -- AT&T Inc. joined the recession's parade of layoffs Thursday by announcing plans to cut 12,000 jobs, about 4 percent of its work force. The Dallas-based telecommunications company -- the nation's largest -- said the job cuts will take place in...Tags: Collective Contract, Layoffs and Downsizing, Telecommunication Service, Apple Inc., Stock Activities
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Viacom to cut 850 jobs, freeze some senior level raises in 2009; expects 4th-quarter charge
NEW YORK (AP) — The media conglomerate Viacom Inc. said Thursday that it will slash about 850 jobs and freeze some senior-level raises in a move to weather the global economic downturn. The owner of MTV Networks, BET Networks and Paramount Pictures...Tags: Layoffs and Downsizing, Viacom Inc.
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AT&T to cut 12,000 jobs, or 4 percent of work force
AP Technology WriterNEW YORK (AP) — AT&T Inc. joined the recession's parade of layoffs Thursday by announcing plans to cut 12,000 jobs, about 4 percent of its work force. The Dallas-based telecommunications company — the nation's largest — said the job...Tags: Employees, AT&T Corp., Mergers, Acquisitions and Takeovers, BellSouth Corporation, Layoffs and Downsizing
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Arrow Electronics announces job cuts
gary.dymski@newsday.comA day after its ratings outlook was reduced to negative, Arrow Electronics acknowledged some company job cuts Thursday and said it would continue to look at options that "maintain the strength of the company." Spokesman John Hourigan said Arrow has cut...Tags: Arrow Electronics, Layoffs and Downsizing, Electronics, Economy
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Credit Suisse cuts 5,300 jobs _ 11 pct of global work force _ as billion-dollar 4Q loss looms
Associated Press WriterGENEVA (AP) — Credit Suisse Group said Thursday it is cutting 5,300 jobs — about 11 percent of its global work force — in a bid to reduce costs and take its business back into the black. About two-thirds of the cuts will be made in...Tags: CEO Pay, Quarterly or Semiannual Financial Statements, UBS AG, Layoffs and Downsizing, Credit Suisse Group
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Retailers see sales drop in dreary November
Associated PressHeavy markdowns and the start of the crucial holiday shopping season weren't enough to pull retailers out of a months-long slump, as November sales figures released today showed yet another steep drop-off in consumer spending. Retail experts said it...Tags: Wal-Mart Stores Inc., Costco Wholesale Corporation, Black Friday (shopping), Sales, Business Trips
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|Story| Newsday
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|Story| Associated Press
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|Story| Los Angeles Times
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