United Airlines Lay off Job Cut: United Airlines Fires 414 employees

The turmoil is spreading its wings to all the sectors it seems. United Airlines has recently informed that it is set to go for a major layoff, the second round of United Airlines layoff job cut. The United Airlines has told the mechanics union at San Francisco International Airport that it will lay off as many as 414 workers beginning December 7, 2008. The United Airlines Lay off is being said to be a part of its efforts to go for cost cutting measures.

In the United Airlines Lay off workers will be asked to leave as a second round of layoffs announced this year. The first round ended Friday, during which time 137 workers were asked to leave.

As per the news, United Airlines said in a statement released Tuesday: "As we reduce the size of our fleet and take actions companywide to enable United to compete in this challenging economic environment, we must take the difficult but necessary step to reduce the number of people we have to run our business."

How will the employees of United Airlines be asked to leave after the United Airlines Lay off Job Cut?
A seniority system is in place and the United workers with the least time of service are the first to be laid off. Many of the workers had been assigned the Boeing 737, but United is grounding the older fleet and so that work is going away. They also need to honour the state law that 60 days' notice be given of layoffs, United said in a letter to an official of the California Employment Development Department dated Sept. 29 that 414 employees at the maintenance facility will be laid off Dec. 7 or within two weeks beginning that date. The letter, obtained by The Chronicle, said United cannot predict whether these layoffs will be temporary or permanent.




Increase your Website & blog Traffic within minutes click to know more

Read more...

EBay Lay off Job Cut: EBay Fires 1000 employees

The information technology or the tech domain is always vulnerable to the fallout in other sectors. Seems like the turmoil in the financial markets have taken a toll in Technology sector as well. It is reported that Online Auction site EBay has decided to lay off around 1000 workers.

This Ebay Job cut of around 1000 employees, is equvivalent to 10% reduction in the workforce. At the same time, it is reported that the EBay is going to make 3 acquisitions of an online payment business and online classified sites. Hence, it appears that the cost saved by the reduction in workforce is being used to purchase 3 additional companies, to boost the technology.

As per the news it is reported that the EBay layoff, which affects 1,000 jobs, "will help improve our operations and strengthen our ability to continue investing in growth," John Donahue, eBay Inc.'s president and CEO, told Wired.com.

Meanwhile, Donahue said Bill Me Later was acquired for $820 million to work in conjunction with eBay's payment service Pay Pal. The acquisition of Danish sites dba.dk and bilbasen.dk for $390 million will expand eBay's market in Europe.





Increase your Website & blog Traffic within minutes click to know more

Read more...

Ford Lay off - Ford Fires 792 in USA & 204 in Germany

There comes another bad news for the employees in the automobile sector. The Automobile giant Ford has decided to go for a layoff. Ford Layoffs or Ford Job Cuts will happen both in Home Country of Germany as well as in USA.

As per the news, Ford Motor Company's Germany unit reported that curtail some production and lay off 204 part-time workers at its Saarlouis plant in western Germany in light of the current financial turmoil. There are around 6,500 people working at the Saarlouis plant, where Ford produces the Focus, C-Max and Cougar models. No information is available about how much overall production will be cut and how many cars will be produced after the production cut.

There will be no effect on the Cologne plant in the northwest Germany & it will continue production without changes.

And that's not all. The Ford lay offs or Ford Job Cuts are not limited to Germany, but also USA is getting affected. There will be a Ford lay offs or Ford Job Cuts at the Ford Motor Co.'s assembly plant on Chicago's South Side. A total of 792 employees of Ford will be fired, according to a "mass-layoff" filing the auto maker made with Illinois authorities.

Ford announced in early September that it planned to eliminate one of two shifts it operates at the 2,200-worker plant, which is located at 130th Street and Torrence Ave.

At the time, the company said it expected about 600 part-time workers to lose their jobs in connection with the dropped shift, but couldn't be specific about how many additional jobs might be lost.

In a regularly published state report on companies that plan to reduce staffing which came out this week, however, Ford lists a total of 792 jobs that will be cut when the shift ends Nov. 3





Increase your Website & blog Traffic within minutes click to know more

Read more...