Reversals Twenty

By judy golden To track reversals in the world of work for workers and companies Thursday 5/28 -----------------

Reversals Twenty April job cuts increased 47% from 2008 – government, auto and total lowest since October 342,000 households got 1+ foreclosure-related notices in April 1/374 highest since Jan 05. Employers cut 539,000 jobs in April Unemployment initial claims dropped to 623,000 and continuing claims increased to 6.78M ending 5/22. Unemployment rate will rise in may from 8.9% in april probably to 10% Largest increase in construction, trade and services and largest increases in North Carolina, Geogia, WA and FLaand largest decrease in MI 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 Newspaper – 9906 out in US in 2009 Chain stores – sales fell 1.2% week of 5/10 572,812 – layoffs at 500 largest public companies since 11/1/08

OQO – CA closed down ultra mobile PC Jory Bell and Jonathan Betts-LaCroix with Andrew Popell, Michael Prichard, Nick Merz and Robert Ford Monsanto 55 in MISS with manufacturing facilities consolidation Mrs. John L Strong – stationer closing after 80 years family owned UPS – 80 mechanics out Jumpcut – online video editing down and out Zango – Chapter XI online media layoffs and asset sale to Binkx video search engine Keith Smith provided access to catalog of online video, game, music tools and utilities. Defaulted on 44m in bank loans By judy golden To track reversals in the world of work for workers and companies Thursday 5/28 -----------------

Reversals Twenty Razorfish – ad agency closes two offices MS company – FL and Boston and moves into Latin America. 60 people in those offices to work remote or from clients offices. Jeff Lanctot chief strategy officer – not closing offices in LA and OR GM – 3400 out MI 13%.26000, Asus – CA net notebook 500 out – makes EeeePC and Wind netbooks The City Star – SF CA owned by Clarity Media and closed to become part of Examiner W Detroit Free Press – Gannett Co – 25out and some are editorials St. Louis Post-Dispatch – MO 36 circulation and 3 classified outsourced to Times of NW IN – owned by Lee Enterprises San Diego Union Tribune – 192 out and cannot take out current staffers who worked there for past six months for 2 years The Mercury – Garry Gailey seeking 10 redundancies Alcoa – 243 out and 26 took voluntary quit packages Playboy – for sale Global Knowledge – tech training 70 people out Brian ranson 1995 owned by NY investment Welsh Carson Stowe University Florida – 58 out with 9 faculty Nikon – 1000 jobs Siemens – 1000 jobs in software and metals engineering subsidiary in Ausstria Cookson Group – 21% jewelry and electronics and ceramics metals production facility Nick Salmon

By judy golden To track reversals in the world of work for workers and companies Thursday 5/28 -----------------

Reversals Twenty Gulfstream Aerospace – 25% in TX

Famous Footware and Dr Scholl parent Brown Shoe closing stores 70 by end of year Metlife – life insurance RI let go 1000 jobs since late last year William Wheeler CFO British Telecom – BT cancel pay raises and cut bonus – network services to multinationals Hanif Lalani CEO no bonus Tennessee – Gov Phil Bredesen cut 1051 tae positions some acant Saint Joseph Mercy Health – 350 jobs cut Rob Casalou most in Ann Arbor and Livonia Sovereign Bank – 81 out motor vehicle finance unit closing processed loans for auto financing. Conn get out of indirect auto lending Thomasville Furniture – 150 out from the plant owned by Furniture Brands Intl HP- Scotland 850 manufacturing jobs to go as transfers work to Czech

Legal: Ropes & Gray – layoffs MASS 30-40 of associates including two first years. Stealth layoffs during reviews Kirkland & Ellis – K & E change deductible and increase cost and reduce associate salaries by 12k /year. Herbert Smith – 84 staff out in UK and 82 are voluntary