The Mapa Spontex plastic glove plant in Columbia will be shut down this spring, costing more than 130 people their jobs. The factory and Mapa Spontex as a whole are in the process of being bought for $500 million by New York-based global player Jarden Corp. The layoffs start March 19.
Feb 8, 2010 12:37 PM
The St. Petersburg Times reports Iasis Healthcare has cut the staff at its Palms of Pasadena Hospital by about 5 percent, or the equivalent of 25 full-time positions. The Franklin hospital company owns two other hospitals in the bay area, Town & Country and Memorial Hospital of Tampa.
Jan 26, 2010 11:20 AM
This morning's layoff-notification report from Tennessee's Department of Labor and Workforce Development reveals that Nashville-based Sitel Corp. has dropped 426 workers from the payroll at a Shelby County facility. The call-center outsourcer announced plans last week to trim the headcount at its Starkville, Miss. location by 250. A company spokesman could not immediately provide further details when asked about the Memphis-area layoffs. Update, 1:58 p.m.: Sitel issued a press release about the Memphis downsizing today. The company said it is "working with other businesses and government agencies in the area to assist these individuals in finding new employment." It has filed a Rapid Response application with Labor and Workforce Development, seeking assistance for the employees affected. A spokesperson said 264 of the Memphis employees were "temporary hires on a seasonal project."
Jan 25, 2010 10:13 AM
Planned job cuts in the technology sector rose 12.3 percent in 2009 to nearly 175,000, according to statistics released today by Chicago outplacement consultancy firm Challenger, Gray & Christmas. The increase was mostly due to planned cuts in the first quarter — about 84,000. Electronics firms had the most planned layoffs last year, totaling 65,300. Telecommunications companies planned 9.4 percent fewer cuts than 2008. 2010 should be better. From the presser:
Technology jobs will not only see gains in the coming the coming year, but they are among the occupations that will realize the fastest growth over the next decade. The number of network systems and data communications analysts is expected to increase by 53 percent by 2018, while the number of computer software engineers expands by 34 percent, according to projections recently released by the Bureau of Labor Statistics.
Jan 19, 2010 10:40 AM
Three Murfreesboro companies among those cutting jobs
Dec 21, 2009 1:19 PM
Author Josh Kosman says private-equity deals gone sour will inflict a lot of pain in the coming years. More broadly, he calls the PE model destructive — something Dollar General CEO Rick Dreiling and a busload of Nashville-area health care execs will likely disagree with.
The opinions on this shift, but the Boston Consulting Group in late 2008 predicted that about 50% of the companies bought in leveraged buyouts would default on their debt. If half default, and they fire about half of their workers — not the most aggressive estimate — then you're talking about 1.9 million unemployed.
Nov 30, 2009 8:08 AM
Companywide cutbacks at radio chain Citadel Broadcasting — which recently posted a nine-month loss larger than its revenues — have resulted in the laying off of Darren McFarland, a third of the market-leading afternoon sports talk show at WGFX-FM.
Nov 23, 2009 7:31 PM