By judy golden

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

Thursday 5/28
-----------------

Reversals Twenty
April job cuts increased 47% from 2008 – government, auto and total lowest since October
342,000 households got 1+ foreclosure-related notices in April 1/374 highest since Jan 05.
Employers cut 539,000 jobs in April
Unemployment initial claims dropped to 623,000 and continuing claims increased to 6.78M
ending 5/22. Unemployment rate will rise in may from 8.9% in april probably to 10%
Largest increase in construction, trade and services and largest increases in North Carolina,
Geogia, WA and FLaand largest decrease in MI
Large business employment decline by 77000 and medium declined 231k and small size declined
183k . Job cut announced 132k in April decline 12% from March and lowest total since October
Gaming jobs – 6300 lost or 12% since June 08
Newspaper – 9906 out in US in 2009
Chain stores – sales fell 1.2% week of 5/10
572,812 – layoffs at 500 largest public companies since 11/1/08

OQO – CA closed down ultra mobile PC Jory Bell and Jonathan Betts-LaCroix with Andrew
Popell, Michael Prichard, Nick Merz and Robert Ford
Monsanto 55 in MISS with manufacturing facilities consolidation
Mrs. John L Strong – stationer closing after 80 years family owned
UPS – 80 mechanics out
Jumpcut – online video editing down and out
Zango – Chapter XI online media layoffs and asset sale to Binkx video search engine Keith
Smith provided access to catalog of online video, game, music tools and utilities. Defaulted on
44m in bank loans
By judy golden
To track reversals in the world of work for workers and companies
Thursday 5/28
-----------------
Reversals Twenty
Razorfish – ad agency closes two offices MS company – FL and Boston and moves into Latin
America. 60 people in those offices to work remote or from clients offices. Jeff Lanctot chief
strategy officer – not closing offices in LA and OR
GM – 3400 out MI 13%.26000,
Asus – CA net notebook 500 out – makes EeeePC and Wind netbooks
The City Star – SF CA owned by Clarity Media and closed to become part of Examiner W
Detroit Free Press – Gannett Co – 25out and some are editorials
St. Louis Post-Dispatch – MO 36 circulation and 3 classified outsourced to Times of NW IN –
owned by Lee Enterprises
San Diego Union Tribune – 192 out and cannot take out current staffers who worked there for
past six months for 2 years
The Mercury – Garry Gailey seeking 10 redundancies
Alcoa – 243 out and 26 took voluntary quit packages
Playboy – for sale
Global Knowledge – tech training 70 people out Brian ranson 1995 owned by NY investment
Welsh Carson Stowe
University Florida – 58 out with 9 faculty
Nikon – 1000 jobs
Siemens – 1000 jobs in software and metals engineering subsidiary in Ausstria
Cookson Group – 21% jewelry and electronics and ceramics metals production facility Nick
Salmon

By judy golden
To track reversals in the world of work for workers and companies
Thursday 5/28
-----------------

Reversals Twenty
Gulfstream Aerospace – 25% in TX
Famous Footware and Dr Scholl parent Brown Shoe closing stores 70 by end of year
Metlife – life insurance RI let go 1000 jobs since late last year William Wheeler CFO
British Telecom – BT cancel pay raises and cut bonus – network services to multinationals Hanif
Lalani CEO no bonus
Tennessee – Gov Phil Bredesen cut 1051 tae positions some acant
Saint Joseph Mercy Health – 350 jobs cut Rob Casalou most in Ann Arbor and Livonia
Sovereign Bank – 81 out motor vehicle finance unit closing processed loans for auto financing.
Conn get out of indirect auto lending
Thomasville Furniture – 150 out from the plant owned by Furniture Brands Intl
HP- Scotland 850 manufacturing jobs to go as transfers work to Czech

Legal:
Ropes & Gray – layoffs MASS 30-40 of associates including two first years. Stealth layoffs
during reviews
Kirkland & Ellis – K & E change deductible and increase cost and reduce associate salaries by 1-
2k /year.
Herbert Smith – 84 staff out in UK and 82 are voluntary