Reversals Eighteen

By judy golden To track reversals in the world of work for workers and companies Friday 5/15 -----------------

Reversals Eighteen April job cuts increased 47% from 2008 – government, auto and total lowest since October Firings to 132,590 compared to 08 90k 342,000 households got 1+ foreclosure-related notices in April 1/374 highest since Jan 05. Employers cut 539,000 jobs in April Unemployment from 8.5 to 8.9% and claims to 637,000 and continuing claims to 6.56M 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 08 558, 087 – layoffs at 500 largest public companies since 11/1/08 NYT – Boston Globe P Steven Ainsley no layoffs may change SF Opera – pay cuts in administration, work furlough, no pension contribution, more health coverage cost, no free parking, 5% pay cut for five admin executives unnamed My Space – 45 laid off Fox interactive media – close Flektor and SpringWidgets Barneys – luxury retail trying to close two stores including in Las Vegas and they deny it. Total of 7 stores SeverStal Wheeling and Warren – idle plants in W VA, OH and layoff total of 3100 Stanford U – fundraising office let go 20% Hartmarx – filed for Chapter XI in January and Wells F may not extend credit IL Norwood Promotional Products – Chapter XI and sells assets.

By judy golden To track reversals in the world of work for workers and companies Friday 5/15 -----------------

Reversals Eighteen Cummins – idle IN plant and lay off 610 Wells Fargo – freeze pension plans and remove 548 in INC America general finance – 500 jobs close 150 offices subsidiary of American Intl Group since 01 (AIG). IL Virgin Media – cable close CS department and lose 322 jobs. Neil Burkett UK DuPont – 2000 jobs Ellen Kullman Goodyear – 70 jobs at tire plant when a main customer filed bankruptcy Chrysler SF Chronicle – 150 jobs CA media workers guild local 39521 Hearst Corp. Newsroom from 275 to 175 and metro reporters cut from 54 to 25 Capital One – 66 jobs in CC operations VA AdvantaStaff – 261 jobs at three plants. Christine G Chandler ThyssenKrup – Germany largest steelmaker to cut 2000 jobs at 7 plants by 2011 Air-X-Changers – 185 jobs air cooled heat exchanger. PA Nelnet – student loans 250 out to close local operations by Q2 2010. NEB. Tyler Refrigeration – manufacturing to close a facility and lay off 40+ people commercial refrig display cases. Owned by Carrier Corp San Diego Union Tribune – 192 jobs cut Owned by Platinum Equity in CA Sony Ericsson – 400 jobs in Sweden Legal & General – insurance giant in UK cuts 560 jobs there Eircom – cuts 1200 jobs in IRE Telecom group and freeze pay for next two years 7500 total people and 1900 contractors possible takeover by Babcock & Brown director Rob Tpfers TeaemasBridge group

By judy golden To track reversals in the world of work for workers and companies Friday 5/15 ------------

Reversals Eighteen Omnisource – IN cut 209 jobs includes 135 at local operation. Mark Millett owned by Steel Dynamics

Eastern WA University – 100 jobs American General Financial – 140 out IL The Summit – Buffalo mall owned by Oberlin Plaza One closing after filed for bankruptcy Caterpillar FR – 733 out in two factories heavy equipment for building IL Japan Air – 1200 jobs Chrysler – cut 800 dealers – ¼ - 25/dealership Las Vegas Sand Macau – 4000 out owned by Sheldon Adelson TeleTech – 279 call center CAN DM industries – 206 jobs hot tub close manufacturing plant – 30 year old company in Chapter XI Delphi electronics & safety – 200 hourly workers on indefinite layoff and 80 are out IN Barclays – 700 in iT in UK by end of year and 350 are new and other 350 from redundancies. More offshore to Singapore Hungary IN Park Nicollet Health – MO 240 out and close Hopkins clinc Hospital and clinic chain Satyam Computers – IT senior functionaries and 4 top people leaving Virender Aggarwal and Gary Teelucksingh and Krish Kmaraswamy and Ramesh Babu quit. Tech Mahindra CEO Midway Games – Chaper XI Mortal Kombat publisher Fairfield Greenwich – FGG investor capital tied up with madoofs Ponzi scheme fund-of-funds business most of it to Sciens Capital. Nike – out 1750 jobs 5% shoes and clothing OR Mark Parker

By judy golden To track reversals in the world of work for workers and companies Friday 5/15 ------------

Spring Air – mattress closed manufacturing and nine plants Chapter XI State of CA – to layoff 5000 state workers depending on Propositions up for voters Venus Swimwear – 240 out Daryle Scott FL Wartsila – ship turbine – 450 out Finland IN Jet Airways – 120 hostess out

MeadWestvaco – 105 out VA beverage package and plant move to Ala Mt Diablo School District – CA 400 out teachers Dana Holding - IN half of employees at plant 115 BT – UK telecom 15000 jobs cut in next year if Global Services drops more Legal: McDonough Holland & Allen PC – CA second largest law firm in Sacramento laid off 4 attorneys and 13 staff Sullivan & Cromwell – 15 – 20 associates out stealth Skadden D.C. – litigation Andrew Sandler and Benjamin Klubes start own firm and John Beisner leaving O’Melveny & Myers for Skadden with Jessica Miller and Steve Harburg. Beisner in D.C. and chair of Class Actions, Mass Torts, Aggregated Litigation Practice Milbank – 89 out not including first years Drinker Biddle – first years start September 37 on scale of 105k for first six month Wilkie Farr & Gallagher – firings as poor performance stealth Day Pitney - second round after Feb 20 associates out Dechert – Barton J Winokur CEO takes 1m pay cut Hunton & Williams – laid off 23 attorneys 64 staff Wally Martinez Fish & Richardson – 120 out IP firm – 35 lawyers Fennemore Craig – 10 staff out