Monday, January 26, 2009

Global job cuts

Caterpillar - 20,000; ING - 7,000; Philips - 6,000; Corus - 3,500; Home Depot - 7,000; Pfizer/Wyeth - 20,000; Texas Instruments - 3,400; Sprint Nextel - 8,000; General Motors - 2,000 Link

Also, Brooks Automation Inc. said it plans to get rid of 350 jobs, or 20 percent of its work force and oilfield services provider Halliburton Co. said it will eliminate jobs in markets particularly hard hit by the recession, though it didn't provide details. Its larger rival Schlumberger Ltd. said last week it will cut up to 5,000 jobs worldwide in the first half of 2009 and consider further reductions this spring. More layoff victims

Deere& Co- 700; Over 71,400 jobs lost in 1 day

And more are coming? Economic forecasters see more job cuts ahead

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