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Blue Cross Blue Shield of Michigan to Cut 1,000 Jobs in 2009

January 19, 2009
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In addition to the layoffs, it will cut senior executive pay, freeze wages and reduce spending on advertising and lobbying by 25 percent.
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Wachovia Employees Whacked by Wells Fargo

January 19, 2009
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In an almost unheard-of move, the employees that Wells fired include Wachovia registered representatives and investment advisors who work for Wachovia Securities of St. Louis.
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WellPoint Plans to Eliminate 1,500 Positions

January 19, 2009
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The cuts represent about 3.5 percent of the Indianapolis health insurer’s workforce.
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NBGH Backs Temporary COBRA Subsidies

January 14, 2009
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Under current law, COBRA beneficiaries must remain in the plan in which they were enrolled until the next open enrollment period.
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Motorola Eliminates Additional 4,000 jobs

January 14, 2009
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The company announced in October that it would cut 3,000 jobs, including 2,000 in mobile devices.
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Lawmakers Eye COBRA Premium Subsidy

January 9, 2009
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Few details of the proposals are known, though lobbyists say their understanding is that the government would pay 50 to 60 percent of the premium, while the length of the subsidy would be 18 months.
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Walgreen to Cut 1,000 Management Jobs

January 8, 2009
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The company says it plans to eliminate 1,000 positions in corporate and field management, the largest reduction in this area in the company’s history.
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Cigna to Cut Jobs; Recession Cited

January 7, 2009
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The company says it will provide more details on cost-cutting measures at its first-quarter earnings conference call in February.
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Employers in China Have Issues Shedding Workers

December 29, 2008
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New labor laws enacted there make firing workers during a downturn a lengthy and costly process.
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Many Automotive Suppliers Won’t Survive Production Cuts

December 23, 2008
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A number of suppliers will find it hard to survive severe vehicle production cuts, predicts Neil DeKoker, CEO of the Original Equipment Suppliers Association.
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