There are a lot of articles here, but they’re pretty spread out around the globe:
Rocky Mountain News closing after Friday edition — Denver paper from 1859 to 2009. The editorial staff is 230 (10 will be hired by a rival newspaper). The total number of jobs lost is unclear.
Limited Predicts First-Quarter Loss, Cuts 400 Jobs — Victoria’s Secret is that nobody is buying lingerie.
BASF to Close Plants in Cash Drive as Dividend Upheld — The world’s largest chemical company is shedding 1,500 jobs. The plant closings will be in the US, Asia, and Europe (so… everywhere).
JPMorgan to Cut 2,800 Jobs at WaMu, Total to 12,000 — This is not surprising. Huge mergers take time to shake out. The article claims these will be through attrition.
RSA Insurance to Cut 1,200 British Jobs; Shares Jump — A few insurers in the US got downgraded today. This also isn’t a big surprise; things are not good for the insurance industry as a whole.
Wal-Mart to Close Canada Sam’s Clubs for Supercenters — 6 locations = 1,200 jobs.
Total May Cut as Many as 300 Refinery Jobs, CGT Says — Europe’s biggest refiner makes a small cut.
Erste Bank Plans to Cut 15% of Jobs at Ukrainian Unit — If this gives you a mental image of Austria trying to get out before everything collapses, you’ve got the right mental image. This is only 300 jobs. Expect things to get very weird between Austria and Ukraine sometime in the next 6 months.
Nothing to celebrate today. Retail, Energy, Print Media, Financials, and Materials were all represented. You know what’s missing? Manufacturing. I find that odd. Those jobs seem to be evaporating. Where are the headlines?
