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It’s just another manic Monday
Mondays already had a bad reputation amongst American workers, but Jan. 26 was a particularly bad day to be an employee. Several well-known companies, mostly American, announced thousands of layoffs:
Caterpillar 5,000
Pfizer 8,000
Sprint Nextel 8,000
Home Depot 7,000
General Motors 2,000
ING Group 7,000
Phillips Electronics 6,000
------
Monday's Total 43,000
The Caterpillar situation is even more dire than the 5,000 layoffs listed above. The company also has shed about 14,500 other jobs in recent months, according to an MSNBC.com article. The Caterpillar layoffs may also hold a bit more significance here locally, bringing back memories of the towmotor plant that once existed in Mentor.
Also, part of the Home Depot announcement was that the company would close all its EXPO Design Centers, which already happened here in Northeast Ohio when the store at Legacy Village in Lyndhurst closed in 2005.
On top of the layoffs listed above, one could add several thousand more layoffs announced by other companies in the past few weeks.
Microsoft 5,000
Intel 6,000
United Airlines 1,000
Harley-Davidson 1,100
Texas Instruments 3,400
Motorola 4,000
ConocoPhillips 1,300
WellPoint 1,500
Hertz Global 4,000
------
Additional total 27,300
That brings the grand total to over 70,000 announced layoffs. Toss in the 30,000 jobs expected to be lost nationwide as Circuit City liquidates its remaining stores, and there are a cool 100,000 jobs on the chopping block.
Some of these retail jobs will undoubtedly hit home here in Northeast Ohio, as will the store closing announced last week by Brooklyn-based American Greetings. Also, 800 of those GM layoffs will occur at the company's Lordstown plant.
Government can't provide all the solutions, but you can bet that all these layoffs will be fresh in everyone’s mind as they listen to Gov. Ted Strickland deliver the State of the State address at noon on Wednesday. Ohioans will be very interested in what the Democratic governor intends to do to bring more business and more jobs to the Buckeye State.
-- Michael C. Butz
Caterpillar 5,000
Pfizer 8,000
Sprint Nextel 8,000
Home Depot 7,000
General Motors 2,000
ING Group 7,000
Phillips Electronics 6,000
------
Monday's Total 43,000
The Caterpillar situation is even more dire than the 5,000 layoffs listed above. The company also has shed about 14,500 other jobs in recent months, according to an MSNBC.com article. The Caterpillar layoffs may also hold a bit more significance here locally, bringing back memories of the towmotor plant that once existed in Mentor.
Also, part of the Home Depot announcement was that the company would close all its EXPO Design Centers, which already happened here in Northeast Ohio when the store at Legacy Village in Lyndhurst closed in 2005.
On top of the layoffs listed above, one could add several thousand more layoffs announced by other companies in the past few weeks.
Microsoft 5,000
Intel 6,000
United Airlines 1,000
Harley-Davidson 1,100
Texas Instruments 3,400
Motorola 4,000
ConocoPhillips 1,300
WellPoint 1,500
Hertz Global 4,000
------
Additional total 27,300
That brings the grand total to over 70,000 announced layoffs. Toss in the 30,000 jobs expected to be lost nationwide as Circuit City liquidates its remaining stores, and there are a cool 100,000 jobs on the chopping block.
Some of these retail jobs will undoubtedly hit home here in Northeast Ohio, as will the store closing announced last week by Brooklyn-based American Greetings. Also, 800 of those GM layoffs will occur at the company's Lordstown plant.
Government can't provide all the solutions, but you can bet that all these layoffs will be fresh in everyone’s mind as they listen to Gov. Ted Strickland deliver the State of the State address at noon on Wednesday. Ohioans will be very interested in what the Democratic governor intends to do to bring more business and more jobs to the Buckeye State.
-- Michael C. Butz
posted by News-Herald Blogs at
11:28 AM
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