Worlds Of Work Reversals Sixteen

By judy golden To track reversals in the world of work for workers and companies Thursday 4/23

---------Reversals Sixteen 11.2% in CA unemployed in March highest since WW II and 2.1m out of work WA unemployment 8.4% 84,217 layoffs in tech 534329 layoffs since November 08 at largest US companies 1.47m on unemployment extension as of 3/26 1/10 on food stamps – 32.2m 12.5 total unemployed – 3/12 CA unemployment at 10.1% 640,000 first time unemployment claims for week of 4/13 for increase of 27,0000 6.14m claim benefits for more than a week as of 4/18 Newspapers – 8249 in US Law –3000 lost jobs from Feb to April . 560 in major firms week of 2/23 and week of 3/2 is 337 attorney and 795 staff – 1132. 10,000 layoffs since January – 4281 attorney and 6259 staff.

IBM – to lay off thousands in UK Germany Ireland to shift workforce to EU, CH , IN , SA Also cut out tea and coffee and no home internet connection Kwiry – sms reminder service in 207 closing down Cliffs Natural Resources – mining coal layoff 355 at mines Pilgrims Pride – TX chicken Chapter XI close plant in GA and out280 people. Bought plant from Con Agra in 03 – 47000 total and 35 chicken processing plants and 11 prepared food facilities in 14 states and Puerto Rico and Mx.

By judy golden To track reversals in the world of work for workers and companies Thursday 4/23

---------Reversals Sixteen Chicago Tribune – 53 out 11% layoff in newsroom parent is The Tribune Company and bought by SamZell and Chapter XI. The Trib has 430 person newsroom. Other paper also in Chapter XI Chicago Sun-Times and Sun-Times Media group. Observer & Eccentric Newspaper – MI 44 out and close 5 print and web editions Susan Rosiek Naperville Sun – 3 reporters out IL East Valley Tribune – 12 production people and paper stops a Saturday edition Sun Times – 140 jobs 10% IL Chapter XI Pioneer Press – 12 out including editors and music critic IL MRM worldwide – NY digital ad 25 out in creative, account, and project management Yahoo – additional layoffs in hundreds - 500 - and Hot Jobs for sale - yahoo newspaper consortium. Will close business units. Shut down jumpcut video service in June BF Goodrich – closes ALA plant and 1000 out Qantas Air – 1750 out – 500 managers AU Hallmark – 550-750 out MO total of 9200 Deere – 200 out in agricultural equipment and commercial and consumer equipment to combine divisions GSI commerce – call center closes Filene Basement – discount retail sold to liquidation and turnaround specialist – has 25 stores. Walmart CN – 10000 out. In CN since 1995 with 227 stores and 70000 people. Protests Philip Morris – close Concord plant with 1100 people HSBC – hong kong – 100 private bankers out 8%/1200. London based USB – in wealth management 240 out in Apac Singapore Soapstone Networks – telecom equipment cut 40% By judy golden To track reversals in the world of work for workers and companies Thursday 4/23 ----------

Reversals Sixteen

Discover Financial Services – credit card network - 500 out 4% - credit losses Homac Companies – FL manufacturing electrical connectors 54 out. Owned by Thomas & Betts Tenn TCS – IN IT layoff 2000 to 3000 Infosys – cut variable pay Motorola – Libertyville IL layoff 45 Linear Technology – 130 jobs CA Lothar Maier MEMC Electronic Materials – 200 out Korea – MO wafers for semiconductor Z Gallerie – furniture Chapter XI 57 stores Russell Investment – 2000 jobs 20% WA 1936 Amgen – drugmaker clinical drug manufacturing in WA 100 jobs out. 17000 worldwide Los Angeles Board of Ed – layoff 540 teachers and support KC - 100 policepeople may be out UBS – Switzerland – 3000 jobs Oswald Grubel CEO from credit Suisse. University WA – 1000 employee jobs ArcelorMittal SA – steel PA idele plant in IN and layoff 400. Chronicle – 80 driver jobs gone 10% of jobs Passalong Networks – music distribution Dave Jaworski properties include StoreBlocks platform for sale 2002 Lufkin - some workers on short weeks and end supply chain contracts some of them General Growth Properties – major mall filed Chapter XI in Chicago IL. 158 regional shopping centers filed and subsidiaries and JVs didn’t file. Abiti Bowater – owns 200 malls By judy golden To track reversals in the world of work for workers and companies Thursday 4/23 ----------

Reversals Sixteen Sony Ericsson – mobile phone 2000 jobs out Dick Komiyama. Trying to target low end market needs huge volume – strategy began in 2007. Strength is multimedia, music, pictures. Block Cor – holding company for apparel filed Chapter VII and corporate liquidation. Licenses for known brands.

Toshiba – 3900 out ABX Air – 500 people out Ormet – 1000 jobs and change retiree benefits Mike Tanchuk due to Glencore backing out of contract to buy materials at set price and not supplying materials promised to Ormet. Legal action. Nokia Oyj – mobile phone – 1000 resign for severance. Harley Davidson – 400 jobs production Best Buy – store managers and senior sales to work with shoppers job cuts and lower pay. Reorg with 1000 assistant managers out and 8000 senior associates with pay cuts and demoted to sales associate Twinsburg Chrysler – UAW local 122 400-500 people out including assembly plant, maintenance and skilled trades. NXP – 622 jobs out and plant closing microchip maker in NY Teradyne – 350 jobs out and reduce exec salaries – chip maker manufacturer Mass total of 3800 global Michael Bradley test equipment in production of electronic chips and other componsents Media General Dartmouth – 3 laid off from admissions and financial aid. US Steel – 40 workers laid off Toshiba – 3900 contract workers in Japan by 3/10. Emerson Electric – TN 200 out at plant making industrial generator TV paper - VA – out 300 jobs and freeze pension plan end of May Media General By judy golden To track reversals in the world of work for workers and companies Thursday 4/23 ----------

Reversals Sixteen Anheuser-Busch – close facility in IL and lose 80 jobs Spray Nine – NY – cleaning product manufacture for industry and consumer closing plant lay off 71 owned by Permatex – 61 year old company Gregory Mostoller GM T Rowe Price – MD – let go 288 Mutual fund

Kadoink – Text message marketing SF taken by Hercules Technology Growth Capital lost line of credit. Scott Cahill – looking for buyer raised 14m in capital and all equity holders are wiped out. Like Mozes and FanBox and GO2media and 4INFO and Cellvspace.. Mobile engagement platform to transform phone mobile into communication channel to produce revenue DHL – move jobs full time and part time from Wilmington to No Kentucky airport Ritz and Wolf Camera – 300 stores liquidate and 400 remain and Chapter XI. In MD 63 out Xilinx – 6% out 200 people Stila Cosmetics – sold to private equity firm and it closed in March Second Story bookstore – closing in NY after 37 years as retiremtn not sale Andrisen Morton – closed womens store after 30 years and keep open mens outlet Brocade – 79 people out R Bosch – 225 out in SC – auto parts plant makes fuel injectors for diesel and gas powered engine and brake components GM – 1600 jobs Troy Clarke President and CEOP Fritz Henderson Brown-Forman – 6% and no salary increase liquor and wine Eircom – 1250 jobs out IRE Cinram – media entertainment replicator close IND plant and lay off 330 at CD and CD-Rom plant CAN David Rubenstein CEO gone. Chrysler – May have refused stimulus due to new limits on exec pay By judy golden To track reversals in the world of work for workers and companies Thursday 4/23 ----------

Reversals Sixteen A-boy Supply – chain in OR hardware to close 4/6 open 50 years Sun – with Oracle 7.4b acquisition layoffs to come may be 10000 Yahoo! – 5% reduction in staff GM – close plants for summer 9 weeks Capital One financial – 60 people out Saab – let go 300 – aerospace and defense Sweden

Lloyds Banking Group – finance 1000 jobs cut CPMC – 200 jobs out and manager salaries cut by 3% and freeze on salaries all above 50k/year Legg Mason – MD investments – 24 out Asyst Technologies – CA 141 jobs cut Chapter XI semiconductor Nordstrom – 72 jobs in Iowa and WA Accent – 19 engineers in 3 IT offices 30% Agilent Technologies – 300 out in CA Santa Rosa 20% (unemployment in Sonoma is 10%) Electronic Measurement group Ron Nersesian now have 1050 there. Former HP company. Weyerhaeuser – close trucking division in OR with 75 jobs

By judy golden To track reversals in the world of work for workers and companies Thursday 4/23 ----------

Reversals Sixteen Legal: Kirkland & Ellis – 80 staff out on E coast and no attorneys Brownstein Hyatt Farber Schreck – 15 attorneys and 22 staff Greenberg Traurig – cut salaries summer and first year associates like Allen Matkins and McGuire Woods 10% Womble Carlyle – 20 people associates and staff out – law firms must be able to do more with less – make transformational changes Davis Wright Tremaine – WA 5% cut to associate salaries McKenna Long Aldridge – cut start salaries by 20k

Perkins Cole – 12 associates and 26 staff out Holland & Knight – hired Richard Raysman from Thelen MIT and Brooklyn Law – computer law. Wells Fargo merger w Wachovia – probably 15-20% cut in lawyers combined department Shearman & Sterling – stealth layoff 5% litigation associates Herbert Smith – freeze pay increase and remove 84 jobs in UK in corporate and RE Wolf Block closed and lawyers staff going to Duane Morris on E coast. Schnader Harrison – PA laid off partners, attorneys, staff in March Faegre & Benson – Germany close Frankfurt office later this year – 15 lawyers out and 7 partners – corp, RE, employment, dispute resolution, trademark Based in MN Tom Morgan