Timesizing® Associates - HOMEPAGE

Downsizings, May, 2003
[Commentary] ©2003 Phil Hyde, The Timesizing Wire, Box 117, Harvard Square, Cambridge MA 02238 USA (617) 623-8080


5/31/2003   2 downsizings, totaling 150 lost jobs, mentioned in Wall St Journal &/or NY Times -

  1. E-Z-Em Inc., NYT, B4.
    ...Lake Success NY, a maker of chemicals and equipment used in medical imaging [will] close plants in Westbury NY and San Lorenzo PR and cut about 100 workers, or 11% of its workforce, to reduce costs.

  2. UnumProvident Corp., NYT, B4.
    ...Chattanooga TN, the U.S.' largest disability insurer [will] cut about 50 jobs over the next 3 months. Many of the employees affected might transfer to other areas of the company.

5/30/2003   5 downsizings, totaling 2,248 lost jobs + unspecified, mentioned in Wall St Journal &/or NY Times -
  1. First-quarter loss widened; Flight attendants agree to cuts, Dow Jones via WSJ, B7.
    ...Air Canada said yesterday an agreement with the union representing 8,300 flight attendants would allow 1,750 jobcuts and a 3.6% wage cut.
    [So they're cutting 1750/8300= 21% of their total number of flight attendants.]
    "This has been an extremely difficult process for everyone," said Pamela Sachs of the Canadian Union of Public Employees....
    [Stupid corporate design. Nucor and Lincoln Electric are much smarter. They would have avoid these cuts simply by trimming the working hours of all their flight attendants by 21%, or trimming the hours of their whole company by much less than 21% - maybe just 10-15% depending on their total headcount. And with executives joining in, they could probably get away with just 5-10% because the timecut-prorated savings on the same percentage of executive pay would be so much greater than the timecut-prorated savings on ordinary employees' pay.]

  2. Intermet, NYT, C4.
    ...Troy, Mich., a maker of cast-iron automobile parts, [will] close a Radford VA foundry that employs 374 people.

  3. Enron is eliminating 7% of [the 1200] jobs at its pipeline group, AP via NYT, C4.
    ...in an effort to cut costs....
    [7% of 1200 is 84 jobcuts.]

  4. A bear market for zoos - Strapped zoos cut the koalas, shut longtime exhibits..., by Brooks Barnes, WSJ, W1 & W7.
    ...While museums can cut hours [= timesizing, not downsizing!] or dance groups trim performances, zoos still have to feed and care for their animals, says Richard Lattis, general director of the Bronx Zoo, which is facing a 35% reduction in city funding, or $2.3m. "The only thing I have left to cut are popular exhibits," he says....
    ..."It's pretty obvious they've cut back on grounds upkeep" at the North Carolina Zoo, says Ahoski NC mom Dawn Nelson, as she brushes a tree branch from her face. Zoo spokesman Rod Hackney says the zoo has lost 40 employees in the last year, nearly a dozen of them in maintenance and gardening, and the people left "are working overtime" [probably without overtime pay?] to keep the park in good shape....

  5. A bear market for zoos - Strapped zoos cut the koalas, shut longtime exhibits..., by Brooks Barnes, WSJ, W1 & W7.
    ...Because Zoo Montana recently cut its horticultural staff by half, the red-panda keepers now have to prune bushes, too. Visitors are noticing the compromises....
    [Unspecified jobs lost.]

5/29/2003   3 downsizings, totaling 1100 lost jobs, mentioned in Wall St Journal &/or NY Times -
  1. Arrow Electronics Inc., WSJ, B7A.
    ...plans to eliminate 400 jobs, or more than 3% of its workforce, in an effort to increase efficiencies and save about $25m a year....
    [Another company "saving" itself right out of customers, flunking the question, "how to increase efficiencies without decreasing markets."]
    The Melville NY electronics-parts distributor...has a total workforce of about 11,000-12,000 people..\.. The restructuring will include the merger of its global information business into its existing worldwide components businesses, and the reduction of certain information-business offerings....
    [Now that we've dug ourselves so deep into a hole by responding to our technologically souped-up over-productivity with downsizing -

  2. Scholastic Corp. blames slowing sales for 400 layoffs, Reuters via NYT, C4.
    ...The publisher in the U.S. of the best-selling Harry Potter books,...laid off about 400 employees, or 4% of its staff, because of slowing sales of educational and consumer books.... Mostly administrative and management jobs were cut..\.. The company, based in New York...has reported losses in 2 of its last 3 quarters..\.. Pressure on school budgets has cut into sales, Ray Marchuk, Scholastic's VP for Finance & Investors Relations, said....

  3. Looking longer [for a job] - Why for many this recovery feels more like a recession - As economy expands slowly, payrolls keep shrinking; Downside of productivity..., by Jon Hilsenrath, WSJ, front page & A14.
    ...On April 15, A.O. Smith Corp., a Milwaukee-based producer of electric motors, announced that its net earnings rose 13% in the first 3 months of the year from a year earlier, to $13.7m. A sign of recovery? Maybe. But 5 days earlier, the company told employees at its plant in McMinnville TN that it was eliminating 300 jobs there and moving production of motors for air-conditioning and ventilation systems to Juarez, Mexico. "The reason we're doing this is to improve our cost position," said Ed O'Connor, VP of Public Affairs. "We have got to continue to be competitive."...
    [The race to the bottom goes on.]

5/28/2003   2 downsizings, totaling 3,750 lost jobs, mentioned in Wall St Journal &/or NY Times -
  1. Auto air bag manufacturer to cut 3,500 jobs by 2005, Bloomberg via NYT, C4.
    ...by the end of 2004 in a bid to restore profitability after being bought last month by Carlyle Group, the private equity firm..\.. Breed Technologies...lost $50m last year.... The company has about 13,200 workers..\.. Carlyle said the reductions would help Breed, which has yearly sales of $1B, reduce annual costs by $200m.... Carlyle plans to move Breed's HQ to the Detroit area from Lakeland FL and rename the company.
    [Again, the toxic takeover-downsizing connection. Breed ain't abreedin'. 3500 cuts is a 3500/13200= 26.5% downsizing.]

  2. Tower Automotive, NYT, C4.
    ...Grand Rapids, Mich., [will] cut 250 jobs and record costs of as much as $50m to move production of frames for Ford Ranger pickup trucks from Milwaukee to Bellevue, Ohio.

5/27/2003   2 downsizings, totaling 8,300 lost jobs, mentioned in Wall St Journal &/or NY Times
(not counting economywide (in the biggest economy) "The jungle -...Perhaps the biggest risk for people who land a job using a dumbed-down resume is a loss of self-esteem," by Kris Maher, WSJ, B12, and (in the most populous economy), "Bank of China," Dow Jones via WSJ, C9, which states, "The..\..state-owned...central bank last week directed China's bank sector to increase loans and provided flexible lending rates to SARS-hit industries, including domestic airlines and tour companies. The directive is part of a government campaign to ease the economic impact of SARS as public fear of contagion causes mass layoffs in the retail and service sectors, boosting fears of potential instability among unemployed workers.") -
  1. Ticket agents at Air Canada accept cuts, as others hold out - To deal with reduced travel, a plan to eliminate as many as 10,000 jobs, Reuters via NYT, C8.
    ...Its pilots, flight attendants and machinists have not yet agreed to pay and job reductions aimed at rescuing the airline from bankruptcy. The airline will lay off up to 827 customer service agents over the next 3 years, and the remaining employees [ie: remaining customer service employees or all employees??] will face a 2-month pay cut of 10% [and will that accompany a 10% hourscut?], said the Canadian Auto Workers [CAW] Union, which represents 6,000 employees at Air Canada....
    With cost-cutting plans submitted to its pilots, flight attendants and machinists, Air Canada hopes to cut as many as 10,000 employees, or a quarter of its 40,000-member workforce....
    [We already counted 3600 of what we assume are overlapping jobcuts on 3/21/2003 #2, so "all" we have to count now are 10000-3600= 6,400 jobcuts, which is a 6400/(40000-3600)= 17.6% downsizing.]

  2. Swedish restructuring plan will eliminate 1,200 jobs, WSJ, B16.
    TeliaSonera AB...is laying off 700 full-time employees and 500 consultants in Sweden as part of a plan to streamline its operations. The Nordic region's largeset telephone operator said 300 additional employees will retire or shift into other positions. The changes will lower TeliaSonera Sweden's workforce to about 10,000 from more than 11,000 at the end of 2002. TeliaSonera also is cutting 400 jobs in Finland.
    [So the total number of disappearing jobs is 700+500+300+400= 1,900 positions.]

5/24/2003   2 downsizings, totaling 25 lost jobs, mentioned in Wall St Journal &/or NY Times
(not counting economywide "The graduate works at Starbucks," letters to editor, 5/26/2003 NYT, A18, highlighting the lack of jobs, and also "Self-starters take start-up route - Unemployment was the push needed to launch their businesses," by Martha Mangelsdorf, 5/25/2003 Boston Globe, H1, never mind the high percentage of start-ups that don't survive the first two years, even in a boom economy) -
  1. Hudson Technologies plans to trim staff by 20%, Bloomberg via NYT, B4.
    ...Sell[er of] refrigerants is...closing 6 service depots...in Hillburn NY, Rantoul IL, Charlotte and Seattle..\..to reduce costs by $1.6m a year. The cuts will begin in the third quarter.... The company, based in Pearl River NY, has 85 employees....
    [20% of 85 is 17 jobcuts.]

  2. 8 analysts are dismissed by Citigroup - Coverage of companies is temporarily cut back, by Landon Thomas Jr, NYT, B1.
    Citigroup...withdrew coverage of 117 companies, signaling a fresh initiative by Sallie Krawcheck and her research team to reduce costs. The cutbacks are the first to affect Citigroup's research operations in the U.S. since Ms.Krawcheck became CEO of its Smith Barney unit last October. Other firms...have made significant cuts in their research staffs this year, as weakness in trading persists and new regulations make research a more costly proposition....

5/23/2003   2 downsizings, totaling 400 lost jobs + unspecified, mentioned in Wall St Journal &/or NY Times -
  1. Silicon Graphics to cut 400 jobs, Bloomberg via NYT, C10.
    ...The company...whose computers are used to create special effects..\..by clients like the Walt Disney Co. and the DOD [and also] to search for oil..\..will eliminate...10% of its staff to stem losses, [having been unprofitable in 4 of the last 5 quarters..\.. The cuts will reduce expenses by about $10m a quarter....

  2. [and speak of the devil -]
    Disney ponders sale of retail stores, AP via NYT, C4.
    The Walt Disney Co. is considering selling its chain of retail stores in North America and Europe...to prepare for [which,] the executive running the stores, Peter Whitford, has resigned.... Other executives will lose their jobs over the next few weeks as Disney's consumer products division looks for ways to control costs.... It has been closing the most unprofitable stroes over the last few years, going from 522 stores in North America to 387, and further closings are expected.... There are 545 stores worldwide, including in Japan, Hong Kong, London, Paris and other major European cities....
    [Unspecified jobs lost.]

5/22/2003   2 downsizings, totaling 437 lost jobs, mentioned in Wall St Journal &/or NY Times
(not counting economywide "Unemployment emergency," editorial, Boston Globe, A22, which states, "Federal unemployment insurance, which is set to expire May 31, affect[s] 3.9 million jobless workers," or industrywide "Computing's lost allure - Visions of riches (or at least jobs) helped fill classrooms, but the outlook has changed," by Katie Hafner, NYT, E1.) -
  1. National Semiconductor Corp., Dow Jones via WSJ, C14.
    ...announced another round of jobcuts and a related charge as it closed a line that makes chips for cellphones. The Santa Clara CA chipmaker said 340 jobs were eliminated in the closing of the line, its cellular-baseband business.... The jobcuts bring the total of positions lost this year to 840, or 8% of the workforce. After the most recent cuts, National Semi will have about 9,200 employees....
    [The current cuts are 340/9200= 3.7% of the workforce. The last National Semi (fun shortform sounds like a big tractor-trailer) downsizing was on 3/07/2003 #3 = unspecified may have referred to these 340. Previous downsizing on 2/21/2003 #2 accounts for the other 500 cuts of the 840 total.]

  2. Legato Systems to dismiss up to 6% of work force, Bloomberg via NYT, C8.
    ...Make[r of] software to manage and protect data-storage systems will lay off up to 6% of its workforce by June 30 as it seeks to cut costs. The company expects to have 1,480-1,500 workers after the cuts are made.... The company had 1,563 employees at the end of Q1 and 1,577 at the end of 2002..\.. Sandy O'Halloran, a spokeswoman, said...no "operations will be shut down and no products...are being discontinued.... The jobcuts are across the board; all areas in the organization will be affected."
    [So, 1577-1480= 97 cuts and indeed, 97/1577= 6.15%.]

5/21/2003   3 downsizings, totaling 214 lost jobs + unspecified, mentioned in Wall St Journal &/or NY Times (not counting economywide "Will Congress remember the jobless?" editorial, NYT, A30, which states, "While the Republican-led Congress pours its energy into creating another windfall taxcut for the affluent, the toll of unemployed keeps growing, with temporary federal benefits about to expire for some of the most hard pressed. Unless Congress acts this week [to extend those benefits], the suffering will deepen for close to 4,000,000 Americans." And their spending will decrease and take down effective consumer demand and consumer confidence, increasing excess inventories and deflation, and aiming the Bush administration and the GOP ever more directly toward a replay of their losing 1992 election.) -
  1. Chemical unit to close plant in Alabama, cutting 140 jobs, Dow Jones via WSJ, C10.
    Kerr-McGee Corp. plans to close a synthetic rutile plant in Mobile...on June 5.... The Oklahoma City chemical company...estimates the remaining cost of closing the plant will total about $15m. [It] said the Alabama plant processes and supplies part of the feedstock for its two titanium dioxide pigment plants in the U.S.
    [So pigments require feed as well as pigs? We thot at first the WSJ story was better because of the focused headline but there are a couple of crucial trivia missing - like (A) why the heck are they closing the plant and (B) what the heck is rutile (some kind of chemical). So here's the NYT version, with (A) answered and for (B), at least what kind of chemical business we're talking about -]
    Kerr-McGee to close Alabama chemical plant, Reuters via NYT, C4.
    The oil and gas producer...said it cost less to buy the raw material made at the plant...than to manufacture it. ...The closing [will] save $25-30m a year beginning in 2004.
    [Well, looks like we're going to have to go ALL the way over to the other side of the room and look up "rutile" in the dictionary, cuz both papers flubbed that one = a "natural mineral form of titanium oxide TiO2 used...in paints [cf. pigments] and fillers." Thank you American Heritage Dictionary.]

  2. Doner plans to close its Baltimore office, by Stuart Elliott, NYT, C2.
    ...which specializes in direct marketing assignments [and] will close Aug. 31. About 20% [15] of the office's 74 employees will be offered posts elsewhere.
    [And the presumably rest will be laid off. And since the only alternative location they mention (Cleveland, below) is not nearby, we'll count them all as joblosses.]
    ...Accounts will be shifted elsewhere [how informative - not]. David DeMuth, an exec. VP who has led the Baltimore and Cleveland offices will be based in Cleveland.... Doner [ad agency] has almost 1,000 employees....
    [So 74/1000= 7.4%.]

  3. U.S. diplomatic outposts to be shut in Saudi Arabia - Concern about the possibility of further attacks on Western targets has grown, by Don Van Natta Jr., NYT, A14.
    [Just as the opponents of insane first-strike war warned.]
    ...The US Embassy [in Riyadh] and 2 consulates [will] be closed on Wednesday because of an "imminent" threat of more terrorist attacks inside the kingdom [of Saudi Arabia]....
    [Unspecified jobs lost. The Bush administration tapeworm gnaws deeper into the entrails of American security and prestige.]

5/20/2003   4 downsizings, totaling 110,356 lost jobs + unspecified, mentioned in Wall St Journal &/or NY Times -
  1. In a busy day at the polls, Swiss decide nine issues, AP via NYT, A10.
    In a marathon day of referendums, Swiss voters agreed on Sunday [5/18] to modernize their armed forces.... 76% gave their blessing to government plans to trim and professionalize the military, ignoring arguments that these might undermine traditional Swiss neutrality. A central part of this is to cut the number of men in active service and the reserves from 350,000 to 220,000.
    [110,000 govenment 'jobs' cut. This is a case where the downsizing is cushioned by the fact that it involves some un-makework.]
    The proposal to reform Swiss civil defenses by focusing on natural catastrophes rather than war got 80.5% support. Recruitment procedures will make it easier for conscripts to opt for civil defense rather than armed service....
    [For more of this article, see our miscellaneous good news page today 5/20/2003.]

  2. Switzerland: Cuts at chemical concern, by Alison Langley, NYT, W1.
    ...Lonza, hurt by the strong Swiss franc and high costs for raw materials, cut 300 jobs and reduced its earnings outlook 20% for the first half of the year.... An official at Lonza, which employs 6,200 people in 8 countries, said the jobcuts would primarily affect the U.S. and Europe.
    [So they're doing a downsizing of 300/6200= 5% of total staff.]
    The move is part of a broader program to improve efficiency and reduce overhead, Lonza, based in Basel, said.

  3. Unit of Interpublic announces job cuts, by Stuart Elliott, NYT, C5.
    Mullen in Wenham, Mass., part of the Partnership division of the Interpublic Group of Companies, is laying off about 10% of its 554 employees, the [ad] agency said yesterday. ...Mullen recently lost its largest assignment, handling the creative duties on the $160m Nextel Communications account to the NY office of TBWA/Chiat/Day, part of the TBWA Worldwide division of the Omnicom Group.
    56 employees are being laid off out of the 342 who work at the Wenham HQ or field offices, the agency said. No layoffs will be made at offices in Detroit; Pittsburgh; or Winston-Salem, NC, it said.
    Layoffs have continued at agencies nationwide as the advertising industry struggles to regain its momentum and agency companies strive to cut costs.

  4. Workers at U.S. Steel and National Steel approve deal, Reuters via NYT, C6.
    Steelworkers at the U.S. Steel Corp. and the National Steel Corp., which are preparing to merge, approved a new labor agreement covering the combined company, the United Steelworkers of America said yesterday. The union said the companies had agreed to trim management staff, provide defined-benefit pensions for union member retirees, and pay a one-time incentive payment to eligible steel workers who choose to retire....
    [Again the toxic takeover-downsizing connection. Unspecified jobcuts.]
    US Steel is based in Pittsburgh and National Steel is based in Mishawaka, Ind.

5/17/2003   1 downsizing, totaling 3,000 lost jobs, mentioned in Wall St Journal &/or NY Times (not counting "As upstate bleeds, New York's budget crisis rubs salt in wound - In a depressed region, both taxes and unemployment rise," by Lydia Polgreen, NYT, A30, which mainly refers to Elmira, not to classic 'upstate NY' {Watertown etc} as the headline hints) -
  1. City lays off 2,000 as talks grow bitter - Unions' offer of savings rejected by Bloomberg, by Greenhouse & Steinhauer, NYT, A16.
    The Bloomberg administration [of New York City] appeared to toughen its stance toward the municipal unions yesterday.... The city sent out 3,000 pink slips two weeks ago,
    [missed those - we haven't seen any since the 3200 school-dept. layoffs that were announced five weeks ago on 4/09/2003 #1 and the 3400 non-school-dept. layoffs that were announced the day before, on 4/08 #2]
    and..\..the administration's top negotiator, the city labor commissioner, James Hanley...said about 2,000 people would stop working effective yesterday, with several hundred more losing their jobs over the next few weeks.
    [We're going going to assume that the 3,000 pink slips sent out only two weeks ago are different from the 3200+3400= 6,600 layoffs announced five weeks ago, but that the "2,000 people" and the "several hundred more" than the 2000 are included in the 3000. This all gives us a total of 3200+3400+3000= 9,600 NYC layoffs so far. But The Glorious New York Times is building up a rather murky, unsummarized account of layoffs in its own city, so 9600 may be an overcount (or even an undercount).]
    ..\..After yesterday's bargaining session ended...Hanley announced that the layoffs threatened by Mayor Bloomberg would take effect, making yesterday the last day of work for more than 2,000 city workers. They represented the first major layoffs by the city since 1992, when David Dinkins was mayor....
    [Huh? What about the 3200 part-time school aides on 4/09 #1 and the 3400 in other departments including the fire dept. on 4/08 #2?!]
    The layoffs affect many groups, including sanitation workers and caseworkers in the Administration for Children's Services.
    ..\..Randi Weingarten, chairwoman of the Municipal Labor Committee and president of the teachers' union...seems increasingly trapped between her roles as leader of the larger group of municipal employees and as head of the teachers' union, as teachers are largely immune from the threat of layoffs....
    [Followup -]
  2. New York City budget accord reached - Mayor and council devise a plan with fewer cuts than expected - Zoos, child care clinics and meals for the elderly are saved in a deal, by Michael Cooper, 6/26/2003 NYT, C15.
    ...The final plan differed in several important respects from Mr. Bloomberg's original budget proposals. [We're going to assume, possibly wrongly, that these 4000 layoffs are included somewhere in the 9600 NYC layoffs we've already counted (see above). Without a rigorous and detailed summary from The (increasingly incompetent) New York Times, we're groping in the dark.]

5/16/2003   2 downsizings, totaling 2,123 lost jobs, mentioned in Wall St Journal & NY Times -
  1. United Air plans to add flights; AMR sets layoffs, by Carey & Trottman, WSJ, B2.
    ...American Airlines, which narrowly escaped bankruptcy filing recently,...will lay off 3,123 flight attendants in order to cut costs.... Its parent, AMR Corp...had cut its flight schedule this spring due to sagging travel demand related to the war in Iraq and fears of SARS....
    [This is 3123-2000= 1,123 jobcuts more than we counted on 3/27 #4, and may be what's referred to in 4/16 #3 below.]

  2. HealthSouth says it will eliminate 80 more office jobs, AP via NYT, C4.
    ...nonclinical corporate jobs..\..and paring its aircraft fleet to save money because of the accounting scandal that has put it in danger of bankruptcy. HealthSouth...previously cut 250 jobs....
    [All we have on HealthSouth is 1000 cuts back on 11/27/2002 #3 when their workforce was 'roughly 51,000', so this 250 downsizing was unannounced in the WSJ or NYT.]
    The move will leave the company with about 49,000 employees.
    [Well, we've only got 1000+250+80= 1,330 announced jobcuts, counting the current article, and yet their workforce has shrunk by 51000-49000= 2,000, so maybe there were other cuts they didn't announce. So we'll now count all those we haven't yet counted; that is, 2000-1000= 1,000 more cuts, which would be 1000/(49000+1000)= 2% of the total workforce.]

5/14/2003   9 downsizings, totaling 4,950 lost jobs + unspecified, mentioned in Wall St Journal & NY Times -
  1. Alcoa to lay off 4,250 workers in Mexico, Bloomberg via NYT, C4.
    ...Its parts division, Alcoa Fujikura Ltd. Automotive, [will] lay off...employees at its Mexican operations in the northern cities of Ciudad Acuna and Toreon...to remain competitive in the slowing market..\.. The Mexican plants produce electrical distribution systems and other products for the North American vehicle markets.... Alcoa employs about 30,000 people in Mexico, most of them in its northern factories.
    [So this is a 4250/30000= 14% downsizing.]

  2. [America under the stifling stingies of the neo-conn Republican Party (would be unrecognizable to Lincoln!) takes 10 more tiny steps toward brutish Third-World "quality" of life -]
    As funds disappear, so do orchestras - Symphonies cut staff, budgets and entire seasons, by Stephen Kinzer, NYT, B1.
    After the Florida Philharmonic Orchestra finished playing Wagner and Tchaikovsky to an audience of 1,300 in Boca Raton on Friday, the orchestra's exec. dir., Trey Devey, took to the stage to announce that this might be its last concert. "If you have the potential to help us and be a hero, then call us," Mr. Devey pleaded. "We need a hero." No one called, at least no one with the necessary resources. Later Mr. Devey issued a statement saying the orchestra was "temporarily suspending operations and terminating the employment of musicians."
    ["Temporarily" here is more wishful-thinking than reality, one fears. Colleague Kate says she read somewhere that symphony orchestras have 96-102 musicians. Administrative staffers for backup would be additional. So let's estimate each of these terminated orchestras at a round 100 lost jobs, including this one.]
    The apparent collapse of the Florida Philharmonic, the only major orchestra in South Florida,
    [Boca Raton is not in South Florida, so this article refers to, but fails to tell us, this orchestra's hometown after being unnecessarily and misleadingly specific about the location of a recent concert in northwest Florida - wake up, NYT editors! - despite Jayson Blair, you're still napping]
    is the latest in a series of tremors that have shaken the symphonic world this season....

  3. As funds disappear, so do orchestras, by Stephen Kinzer, NYT, B1.
    ...Nearly a dozen orchestras across the country have either closed or are in danger of doing so. This season's first orchestral casualty was the San Jose Symphony, which shut down in November....
    [Estimated 100 lost jobs.]

  4. As funds disappear, so do orchestras, by Stephen Kinzer, NYT, B1.
    The Tulsa Philharmonic...followed....
    [Est. 100 lost jobs.]

  5. As funds disappear, so do orchestras, by Stephen Kinzer, NYT, B1.
    ...The Colorado Springs Symphony...followed....
    [Est. 100 lost jobs.]

  6. As funds disappear, so do orchestras, by Stephen Kinzer, NYT, B1.
    ...The San Antonio Symphony followed....
    [Est. 100 lost jobs.]

  7. As funds disappear, so do orchestras, by Stephen Kinzer, NYT, B1.
    ...In February the 49-year-old Savannah Symphony Orchestra canceled the rest of its season. It was $1.3m in debt, had gone through 5 exec. directors in 7 years and was unable to meet its payroll....
    [Est. 100 lost jobs.]

  8. As funds disappear, so do orchestras, by Stephen Kinzer, NYT, B1.
    ...Earlier this month dozens of musicians from the 66-year-old Louisville Orchestra appeared in formal attire at the city's unemployment office to file for benefits. They had not been paid for 3 weeks, and their orchestra faces an $800,000 deficit..\..
    [Est. 100 lost jobs.]

  9. As funds disappear, so do orchestras, by Stephen Kinzer, NYT, B1.
    ...The musicians of the Houston Symphony went on strike for 3 weeks in March and April and in the end were forced to settle for a contract that imposed sharp curbs on wages and benefits.... The plight of the Houston Symphony reflects the challenges that orchestras are confronting across the country. Houston, the nation's 4th-largest city [after, in uncertain order, NY, LA, and Chicago], has had a full-size symphony orchestra since 1972..\.. Ed Wulfe, a Houston real estate developer who helped mediate the dispute in this city...said the orchestra was vital.... Critics of orchestra management are not so sure. They suggest that if a city cannot come up with the money to support a symphony orchestra, perhaps it does not need one....
    The musicians' strike in Houston ended with the signing of a contract that calls for the cancellation of 10 concerts in the season, cuts in staff size and salaries, higher healthcare premiums and mandatory unpaid furloughs for musicians....
    [Unspecified jobcuts, which evidently would have been more numerous in they had not done some timesizing in terms of unpaid, inferably temporary, furloughs.]

5/13/2003   2 downsizings, totaling 1,530 lost jobs, mentioned in Wall St Journal & NY Times -
  1. Hartford Financial Services Group sets $1.7B Q1 charge to boost asbestos-claim reserve, by Chad Bray, WSJ, A2.
    ...becoming the latest insurer in recent months to announce yet-another big hit from a costly problem that the property-casualty insurance industry has tried to put behind it for a decade.... The Hartford CT company..\..which employs about 29,000 people, also said it would cut 1,500 jobs as part of an expense-saving initiative....
    [Meaning 1500/29000= a 5% downsizing.]

  2. Colorado: Denver Archdiocese cuts jobs, by Mindy Sink, NYT, A27.
    ...because of a budget shortfall. Archbishop Charles Chaput said in a letter that while donations continued from the 337,000 archdiocese members, plans called for the money to be used for special purposes, not daily operations.
    ["Millions for road-building, but not a dime for maintainance."]
    By eliminating 30 of 250 jobs [12%], the archdiocese said it would save $1.3m....
    [Betcha that rocks the faith of some long-time employees, and rightly so. If any institution stands to gain by trading downsizing for timesizing, it's the church.]

5/09/2003   1 downsizing, totaling 800 lost jobs, mentioned in Wall St Journal & NY Times
(not counting unspecified potential layoffs per "Citing SARS, Northwest invokes [force majeure] clause to allow layoffs - The first major airline to cite the epidemic as a cause for possible layoffs," by Micheline Maynard, NYT, C4, which states, "It was the third time in 18 months that...the nation's fourth-largest airline has invoked force majeure. It took that step after 9/11/01 and gain in March, citing the war in Iraq, when it was the only airline in the U.S. to invoke the clause.") - 5/08/2003   2 downsizings, totaling 690 lost jobs + unspecified, mentioned in Wall St Journal & NY Times -
  1. Goodyear chief to take over role of chairman, Bloomberg via NYT, C4.
    The Goodyear Tire & Rubber Co...has cut 1,600 jobs since September after reporting losses totaling $1.31B in the last two years....
    [This makes it appear that we should have counted the additional 700 on 12/17/2002 #2 that we assumed were included in the 3500 counted back on 2/09/2002 #1, instead of making the assumption. Apparently the current 1600 figure is composed of the 450(9/26/2002 #3)+460+700= 1610, rounded to 1,600, of which we have only counted 450+460= 910. So we must now count 1600-910= 690 jobcuts. And since we know from the Dec. story that their total workforce was 92000 worldwide prior to the 460 cut, a 690 figure would be 690/(92000-460)= a 0.75% downsizing, let's just round it to 1%.]

  2. U.S. subsidiaries make filing for bankruptcy-law protection, WSJ, B11.
    Daisytek International Corp. said its US subsidiaries filed...just days after the parent company's CEO and CFO resigned. The Allen TX distributor of computer and office supplies [has] exhausted financing options and [experienced] liquidity problems that were hurting US operations. The bankruptcy filing, made in the US Bankruptcy Court for the Northern District of Texas, Dallas Division, follows layoffs and shutdowns of various US distribution centers. The filing includes Daisytek Inc. and its subsidiaries Arlington Industries Inc., Digital Storage Inc. and Tape Co. [just "Tape Co."??]....
    [Unspecified layoffs.]

5/07/2003   1 downsizing, totaling 575 lost jobs, mentioned in Wall St Journal & NY Times -
5/02/2003   2 downsizings, totaling 1,167 lost jobs, mentioned in Wall St Journal & NY Times
(not counting economywide, "Industry index and job data both point to weakness," Bloomberg via NYT, C5, which states, "The Labor Dept. said there were 448,000 first-time jobless claims last week, exceeding 400,000 for an 11th consecutive week."
And also "The $550B question: Will jobs follow tax cuts?" by Daniel Altman, NYT, C1 [answer: will jobs follow downsizings?] which states in the blowout on C5, "The economy is enduring its worst spell of job losses since the first Bush administration."
And also "Help the economy...," by Jesse Eisinger, WSJ, C1, which states, "The payroll decline could be even worse that the expected drop of 68,000. The jobless rate is foreseen expanding to 5.9%, from 5.8% in March. The numbers of underemployed and people out of the workforce entirely are high. Here's something gloomier: If payrolls drop by more than 75,000 - and there isn't a big upward revision in the past month's data - there will have been 3 straight drops of more than 75,000 jobs. According Goldman Sachs, such a string hasn't occurred outside a recession.") -
  1. Pretax loss is reported amid higher materials costs, Dow Jones via WSJ, B4.
    Imperial Chemical Industries PLC swung to a pretax loss for the Q1 as European food sales declined and high petrochemicals prices increased the cost of raw materials. The British company, which makes chemicals, paints, flavors and fragrances, reported a pretax loss of £32m ($51m), compared with a pretax profit of £64m a year earlier.... ICI had warned investors that high prices for petrochemicals were squeezing margins at its adhesives and synthetic-polymer business.... The company...will cut costs by £30m a year by 2005, mainly by reducing capital expenditures at its paints unit. The workforce of 36,000 will be reduced by more than 700 by 2005, CFO Tim Scott said.
    [Meaning a downsizing of 700/36000= 2%.]

  2. When the chocolate melted - A Nestlé factory in New York, home of the Crunch Bar, is closing, by Leslie Eaton, NYT, A31.
    FULTON, NY -...Last October, the company announced that effective Friday, it was closing the plant, the birthplace of Nestle's Quik.... The demise of the plant here has been most acutely felt by the 467 employees who are losing their jobs....
    The average age of the plant's workers is 52, and the average tenure is 27 years.... In fact, the company has not hired a new production worker since 1984, and over the years has cut its workforce from a high of 1,700 in the 1970s.... So...there were rumors for years that the plant would close.... The final blow came when Nestle sold its bulk chocolate business to Cargill, which moved it to an existing facility in Pennsylvania, said Patricia Bowles, a spokeswoman for Nestle USA, the American arm of the Swiss firm, which is based in Glendale, Calif.
    Rather than spend a fortune renovating the Fulton plant, the company decided to move most of the production to another underutilized but younger plant in Wisconsin, she said. (A fraction of the Nestle's Crunch business is going to Brazil.)...
    It is not that there are no jobs at all in the Fulton area.... The problem is that the new jobs are the wrong kind of jobs - service jobs that pay about half what manufacturing jobs pay, according to state data. And they are...not in downtown Fulton. ...Michael Flannery, the union's rep...said that his members include couples who would have to work 8 shifts a day at minimum wage to make as much as they do at the Fulton plant, where production workers earn as much as $20 an hour. "And they live across the street, by the way," he added....
    Nestle is going ahead with its plans to sell the site; the asking price is $3.5m. Local companies have sent out letters to other chocolate companies around the world, hoping to attract some interest.... Longer term, the city would like to attract something new, like a call center....
    [A call center? Yuk!]
    And then there is that question again: If Nestle won't make a go of it here, "who will?"...

5/01/2003   3 downsizings, totaling 6,080 lost jobs + unspecified, mentioned in Wall St Journal & NY Times (not counting industrywide "More financial jobs go offshore," by Michael Schroeder, WSJ, A2, which states, "In an accelerating trend, US financial services companies plan to transfer 500,000 jobs, or 8% of total industry employment, to foreign countries during the next 5 years, according to a new study [by] A.T. Kearney, a management-consulting subsidiary of Electronic Data Systems Corp.") -
  1. Airport lines will likely grow as U.S. cuts security screeners, by Greg Bluestein & Stephen Power, WSJ, D3.
    WASHINGTON - Travelers are likely to wait in longer security lines at some airports as the Transportation Security Administration [TSA], in a cost-saving move, is eliminating 6,000 airport screeners by the end of September. The cuts, which include 3,000 jobs by the end of May and an additional 3,000 by the end of September, will save the agency $280m and help it meet congressional demands to limit staff, TSA Administrator James Loy said.... Mr. Loy said many of the reductions would be achieved through attrition, while some screeners will be dismissed based on skills-based evaluations. [editor!] Others will be offered a downgrade to part-time staffers or a chance to transfer to under-staffed airports.
    TSA officials projected Atlanta's Hartsfield International Airport, one of the nation's busiest, would lose 263 screeners, Chicago's O'Hare will [editor!] lose 170, while New York's JFK will lose 396.... Denver...almost 20% [200] of its 1,043 screeners.... The TSA has been under intense pressure from some congressional Republicans to cut spending and reduce payroll.
    [Weren't these the clowns that were going to protect us from terrorists? - but they don't want it to cost anything, at least not for their wealthy contributors?]
    The agency, created after 9/11/01, was originally expected to employ 30,000 screeners, but has grown to more than 55,000 since opening its doors early last year....
    [Well it wouldn't have grown unless the original shot-in-the-dark forecast was way too low. But now, maybe the long waits at airports that all these screeners caused, plus now SARS, has reduced air travel so much that they can now cut the number of screeners who are still there discouraging air travel. Anyhoo, 6000/55000= an 11% downsizing.]
    [Followup]
    U.S. security agency fires 1,200, defends its [original] hiring of air screeners, by Stephen Power, 6/04/2003 WSJ, A3.

  2. Walter Industries, NYT, C4.
    ...Tampa FL said its US Pipe & Foundry Co. unit had closed its US Castings plant in Anniston AL and cut 80 jobs because the factory would have required a major capital investment to remain competitive.

  3. Earnings drop 48% on charge related to layoff expenses, Dow Jones via WSJ, D6.
    BearingPoint Inc. posted lower earnings despite increased revenue in its fiscal Q3, hurt by weak market conditions and layoff-related costs. The McLean VA consulting- and technology-services firm said net income in the 3 months ended March 31 fell 48% to $12.4m.... The latest quarter included a charge of $11.9m for the costs of layoffs.
    [Unspecified lost jobs.]


Click here for downsizing stories in -
Apr.16-30/2003.
Apr.1-15/2003.
March/2003.
Feb.16-28/2003.
Feb.1-15/2003.
Jan.16-31/2003.
Jan.1-15/2003.
Dec/2002.
Nov.16-29/2002.
Nov.1-15/2002.
Oct.16-31/2002.
Oct.1-15/2002.
Sept/2002.
Aug.16-31/2002.
Aug.1-15/2002.
July/2002.
June/2002.
May/2002.
Apr/2002.
Mar/2002.
Feb/2002.
Jan. 16-31/2002.
Jan. 1-15/2002.
Dec. 16-31/2001.
Earlier 2001 downsizings accessible via links at bottom of Dec.16-31/2001 page.
Dec.16-31/2000.
Earlier Y2000 downsizings accessible via links at bottom of Dec.16-31/2000 page.
Dec/1999.
Earlier 1999 months accessible via links at bottom of Dec/1999 page.
December/98.
Earlier months accessible via links at bottom of Dec/98 page.

For more details, our laypersons' guide to our great economic future Timesizing, Not Downsizing is available at bookstores in Harvard Square, Cambridge, Mass. or from *Amazon.com online.

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