Recent Job Cuts Total Tens of Thousands With AM-Layoffs, Bjt
NEW YORK (AP) _ Economists weren’t expecting good news Friday when the government reports November’s unemployment rate. Here are some recent job cuts that helped prompt the gloom:
Dec. 5: Software maker Lotus Development Corp. of Cambridge, Mass., said it would eliminate about 10 percent of its work force, or 300 to 400 jobs, to boost profits.
Dec. 4: Tenneco Inc. said its JI Case farm equipment unit will lay off 4,000 employees this year and next because of the recession.
Dec. 4: Pan American World Airways shut down, throwing 7,500 people out of work.
Nov. 27: General Dynamics Corp. said it would lay off nearly 300 workers from its cruise missile program in San Diego because of a government contract cancellation.
Nov. 26: International Business Machines Corp. said it would cut 20,000 positions next year worldwide through voluntary means to counter the recession and stiff competition in the computer industry.
Nov. 26: Caterpillar Inc. said it was laying off 460 workers in Joliet, Ill., and York, Pa., because of an ongoing strike. The move brings Caterpillar’s strike-related layoffs to 9,800.
Nov. 25: Boeing Co. said 150 employees, mostly in the Seattle area, could be laid off in January because of canceled Pentagon contracts. Brings to 755 the number of potential Boeing layoffs due to contract cancellations.
Nov. 22: McDonnell Douglas Corp. begins sending layoff notices to 2,200 workers in Long Beach and Torrance, Calif., to cut costs in its Douglas Aircraft unit.
Nov. 19: Atlanta software maker KnowledgeWare Inc. said it will lay off 200 workers to cut costs.
Nov. 19: Salomon Brothers Inc. of New York said it laid off 130 workers to cut costs in the wake of a bond-trading scandal.
Nov. 14: Midway Airlines closes, putting up to 4,300 people out of work.
Nov. 12: Simon & Schuster Inc. said it would lay off 120 workers in Old Tappan, N.J., to cut costs.
Nov. 3: Raytheon Co. said it told 485 workers in Massachusetts and New Hampshire they would be laid off.
Nov. 1: More than 400 layoffs announced by LSI Logic Corp., Santa Cruz Operation Inc., Next Computer Inc. and Grid Systems Corp., four California computer-industry companies.