WBEZ | Job Cuts http://www.wbez.org/tags/job-cuts Latest from WBEZ Chicago Public Radio en Tribune Co. to cut 700 jobs at newspaper division http://www.wbez.org/sections/literacy/tribune-co-cut-700-jobs-newspaper-division-109204 <p><p><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/AP526898405060.jpg" style="height: 159px; width: 400px; float: left;" title="(AP/File)" />Tribune Co. says it&#39;s eliminating about 700 jobs as part of a restructuring of its newspaper business.</p><p>Spokesman Gary Weitman says the cuts will take place over the next year.&nbsp;In addition to the Chicago Tribune, the Tribune Co. owns the Los Angeles Times and six other daily newspapers.</p><p>The company&#39;s reporting staff won&#39;t be affected, but there will be small reductions in other editorial areas.</p><p>The cuts account for about 6 percent of Tribune Co.&#39;s workforce.</p><p>The Chicago-based company emerged from a four-year stint under bankruptcy protection last December. In the months since, it has focused on boosting profitability at its broadcast division. It plans to spin off its publishing business by mid-2014.</p></p> Wed, 20 Nov 2013 15:58:00 -0600 http://www.wbez.org/sections/literacy/tribune-co-cut-700-jobs-newspaper-division-109204 Fewer job cuts announced in Illinois http://www.wbez.org/story/fewer-job-cuts-announced-illinois-93695 <img typeof="foaf:Image" src="http://llnw.wbez.org//story/photo/2011-November/2011-11-02/5997470855_2cd4fcc90b.jpg" alt="" /><p><p>Companies and government agencies announced a lot fewer job cuts in Illinois last month compared with September. The latest job cuts data come from Challenger, Gray and Christmas, a Chicago company that helps employers manage the process of laying off workers.<br> <br> In October, Challenger, Gray says, about 2,300 job cuts were announced in Illinois, down by more than a third from September. Nationally the number dropped even more – by almost two-thirds - as government agencies and financial companies announced many fewer layoffs.<br> &nbsp;<br> But CEO John Challenger says nationally, as a special congressional committee works to reduce the deficit, more job cuts are likely.<br> <br> "For example, the post office has been talking about a job cut that may be one of the biggest of all time – numbers like 200,000 have been mentioned," Challenger said.<br> <br> In Illinois, the biggest announced job cuts in October came from the cell phone company Motorola Mobility, the city of Chicago, the Jewel supermarket chain and the Chicago Transit Authority, according to Challenger, Gray.</p></p> Wed, 02 Nov 2011 16:56:00 -0500 http://www.wbez.org/story/fewer-job-cuts-announced-illinois-93695 U.S. shed 651,000 jobs in February http://www.wbez.org/ssargent/2009/03/us-sheds-651000-jobs-in-february/7267 <p>The Bureau of Labor Statistics reported Friday that the national unemployment rate jumped to 8.1 percent last month, its highest total in 25 years. The economy has now hemorrhaged more than 4.4 million jobs since the recession started in December 2007.</p> Fri, 06 Mar 2009 11:31:00 -0600 http://www.wbez.org/ssargent/2009/03/us-sheds-651000-jobs-in-february/7267 Are job layoffs slowing? http://www.wbez.org/ssargent/2009/03/are-job-layoffs-slowing/7264 <p>They are, according to Chicago-based consultant <a href="http://www.challengergray.com/">Challenger, Gray &amp; Christmas Inc</a>. The firm reports that U.S. employers disclosed plans to lay off 186,350 people during the month of February. Sure, that's a pretty grim number, but not so grim as January's total. In fact, that's a <strong>23 percent decline</strong> from a seven-year high of 241,749 job cuts in January 2009. "The decline in job cuts last month offers some hope that January was the peak, and we will now see layoffs begin to fall or at least stabilize," firm chief executive John A. Challenger said in a statement.</p> Thu, 05 Mar 2009 11:47:00 -0600 http://www.wbez.org/ssargent/2009/03/are-job-layoffs-slowing/7264 Wages Rise...As Jobs Are Cut http://www.wbez.org/ahill/2009/02/wages-riseas-jobs-are-cut/7253 <p>James Surowiecki at the New Yorker has an <a href="http://www.newyorker.com/talk/financial/2009/03/02/090302ta_talk_surowiecki?printable=true">article </a>‚ that explains why average wages are rising...even as people are losing work.‚  "This is the Age of the Incredible Shrinking Everything. Home prices, the stock market, G.D.P., corporate profits, employment: they're all a fraction of what they once were. Yet amid this carnage there is one thing that, surprisingly, has continued to grow: the paycheck of the average worker. Companies are slashing payrolls: 3.6 million people have lost their jobs since the recession started, with half of those getting laid off in just the past three months. Yet average hourly wages jumped almost four per cent in the past year. It's harder and harder to find and keep a job, but if you've got one you may well be making more than you did twelve months ago. This combination of rising unemployment and higher wages seems improbable. But, as it turns out, it's what history would lead us to expect. Even during the early years of the Great Depression, manufacturing workers actually saw their real wages rise, and wage cuts have been scarce in every recession since. Oil and wheat prices may rise and fall instantaneously to reflect supply and demand, but wages are "sticky": even when the economy goes bad, it takes a lot to make them fall."</p> Wed, 25 Feb 2009 13:46:00 -0600 http://www.wbez.org/ahill/2009/02/wages-riseas-jobs-are-cut/7253 Majority not worried about being laid off http://www.wbez.org/ahill/2009/02/majority-not-worried-about-being-laid-off/7238 <p>A new <a href="http://http://www.gallup.com/poll/114274/Majority-Workers-Not-Worried-Laid-Off.aspx">Gallup poll </a>shows that 68% of Americans aren't worried about being laid-off--but 41% of people say they have friends or relatives who have lost jobs.‚ ‚  From the same‚  poll: "Notably, 12% of workers say their hours have already been cut back within the last six months, 9% say their benefits have been reduced, 8% have had their wages reduced, and 2% say their companies have outsourced jobs overseas. Adding these numbers to the percentage who are worried about these events occurring in the near future yields net "worried"/"already happened" percentages between 10% and 40%. Still, as is the case for the data on job layoffs, from a more positive perspective, these data also show that the clear majority of American workers are not worried about these events transpiring." The author has some interesting things to say about what the numbers mean--and the multiple ways to interpret them.‚  "Many of today's economic statistics can be looked at from two different perspectives. While January's 7.6% unemployment rate is very high by historical standards, it still indicates that well over 90% of Americans who want work have a job. Similarly, although the 29% of Americans who say they are worried about losing their jobs (and the 2% who say they have lost a job within the last six months) is very high, the fact that 68% of Americans are not worried about losing their jobs could be seen as a sign of psychological worker resilience."</p> Tue, 10 Feb 2009 14:39:00 -0600 http://www.wbez.org/ahill/2009/02/majority-not-worried-about-being-laid-off/7238 Layoffs done right http://www.wbez.org/ahill/2009/02/layoffs-done-right/107 <p>What can companies or business owners do to make lay-offs better for employees?‚  Is there ever a "good way" to let people go? A <a href="http://www.boston.com/jobs/employers/hr/hrcolumns/2009/02/making_smallscale_layoffs_effe.html">blog post </a>from the Boston Globe has some ideas for making the layoff process smoother--especially for smaller companies.‚  The advice includes: <strong>Show employees R-E-S-P-E-C-T</strong>- It doesn't matter if the organization is eliminating three or three hundred jobs; each person should be treated with dignity and respect. How are people notified? Did they read about their job loss in a form email, or get a security escort from the building? Each person should get a private meeting with a manager to hear the news. What kind of separation package is the company offering? It should include a mix of benefits and severance to support people while they look for a new job. Is the organization providing any assistance to help those affected find work? When possible, companies should offer career transition support and access to an Employee Assistance Program (EAP) to departing employees. Providing a financial safety net and outplacement services is the right thing to do. It also sends a message to current employees that the organization will take care of its people, even in the most challenging times. If you've been laid off or worked at a business where there were layoffs, do you feel like they were "respectful"?‚  What do you think could have made the process better?</p> Mon, 02 Feb 2009 17:15:00 -0600 http://www.wbez.org/ahill/2009/02/layoffs-done-right/107 More cuts for Cat: 2,110 additional jobs to go http://www.wbez.org/ssargent/2009/01/more-cuts-for-cat-2110-additional-jobs-to-go/80 <p>After announcements earlier this week that <a href="http://www.cat.com/" target="_blank">Caterpillar Inc.</a> was shedding 20,000 jobs, the construction giant said Friday it was firing 2,110 additional workers at three Illinois plants. With construction projects at a national standstill, the company is looking to bring its supply in line with demand. <a id="ORCRP017225" class="taxInlineTagLink" title="Caterpillar Inc." href="http://www.chicagotribune.com/topic/economy-business-finance/manufacturing-engineering/caterpillar-inc.-ORCRP017225.topic"></a>Affected plants include the Aurora facility, which will say goodbye to 500 workers; the Decatur plant, which makes off-highway trucks and is losing 1,026 production employees; and the East Peoria location, which is cutting 584 jobs. The layoffs at the three plants will begin on April 13, the company said.</p> Fri, 30 Jan 2009 10:33:00 -0600 http://www.wbez.org/ssargent/2009/01/more-cuts-for-cat-2110-additional-jobs-to-go/80 Bon-Ton layoffs could affect 172 Chicago workers http://www.wbez.org/ssargent/2009/01/bon-ton-layoffs-could-affect-172-chicago-workers/7235 <p>As the recession continues to beat down America's retail sector, Bon-Ton Stores Inc. has responded by announcing a plan to cut 1,150 corporate and store jobs. Bon-Ton is the parent of department store chain <a href="http://www.carsons.com/" target="_blank">Carson Pirie Scott</a>, which has approximately 25 locations in the Chicago area. The company expects the layoffs will affect 172 workers locally. Bon-Ton's cost-cutting plan--aimed at decreasing spending, adjusting inventory levels, eliminating bonuses, and suspending employer contributions to the company's 401(k) plan--is slated to boost the company's income by $70 million a year, <a href="http://www.chicagotribune.com/business/chi-fri-layoffs-carsons-jan30,0,5513410.story" target="_blank">the Chicago Tribune reported</a>.</p> Fri, 30 Jan 2009 10:11:00 -0600 http://www.wbez.org/ssargent/2009/01/bon-ton-layoffs-could-affect-172-chicago-workers/7235 75,000 jobs in 1 day http://www.wbez.org/ahill/2009/01/75000-jobs-in-1-day/7233 <p>Job cut announcements are coming fast and furious.‚  By some counts, companies just yesterday announced <a href="http://www.nytimes.com/2009/01/27/business/economy/27layoffs.html?_r=1&amp;ref=todayspaper">75 thousand job cuts.‚ </a>‚ Locally, <a href="http://www.chicagopublicradio.org/Content.aspx?audioID=31710">Caterpillar </a>said it was slashing its work force by 20,000.‚  Home Depot, Sprint Nextel and Texas Instruments also announced layoffs.‚  Today, <a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=auFj2Vm8fQRc&amp;refer=home">Corning </a>said it would cut it's workforce by 13 percent.‚  USA Today published a <a href="http://www.usatoday.com/money/economy/2009-01-26-economy-recession-layoffs_N.htm">chart </a>of mass layoffs today,‚ and quoted an‚ economist who is predicting‚ that 3-million people could be fired in 2009. UPDATE: According to Crain's Chicago Business, <a href="http://www.chicagobusiness.com/cgi-bin/news.pl?id=32760">United Stationers</a>,‚ a‚ Deerfield-based company, announced today it ‚ is cutting 250 jobs.</p> Tue, 27 Jan 2009 17:04:00 -0600 http://www.wbez.org/ahill/2009/01/75000-jobs-in-1-day/7233