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Downsizing

Illinois State Jobless Fund Borrows to Pay Benefits

July 17, 2009
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With unemployment still rising, Illinois has had to borrow federal money to meet its obligations for jobless benefits. The state has drawn about $9 million from a federal credit line.
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A Survey That’s Not for the Faint of Heart

July 8, 2009
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June’s Jobless Jump Worse Than Expected; More Economic Turbulence Ahead

July 2, 2009
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Recession-racked employers in the U.S. slashed 467,000 jobs in June, the Labor Department reports, far worse than the 363,000 that economists expected and a grim signal that the path to recovery will be bumpy.
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<i>Dear Workforce</i> How Do We Remedy Sinking Morale After Layoffs

June 30, 2009
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Until a few months ago, our company had a track record of never laying off employees. Now there is talk that a second round of layoffs is inevitable. Morale here is at an all-time low, and employees don’t feel safe in their jobs or know what to think. As an HR leader, I’m being sought out and asked to revive morale, but what practical steps can I take, considering the circumstances?
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Michelin Offering Early Retirement in France

June 18, 2009
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The aim of the early-retirement plan is to create vacant positions that can be filled by some of the 500 new hires Michelin expects to make each of the next three years. The company also expects the initiative to rebalance the age profile of its workforce.
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GM Chief Says Brace for More Executive Shake-Ups

June 17, 2009
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CEO Fritz Henderson expects to cut about 20 percent of GM’s U.S. salaried workforce by year-end. At the end of 2008, GM had nearly 29,000 U.S. salaried employees; it expects to have 23,500 salaried workers by year-end.
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Another Downside of Downsizing Layoffs May Spark Defamation Suits

June 11, 2009
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Laid-off workers seeking financial relief are likely to increase the number of defamation claims filed against employers, employment law attorneys say. Liabilities may arise from job references, online comments.
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Southeast Michigan Has Lost Nearly Half Its Manufacturing Jobs Since 2000

June 10, 2009
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The transportation equipment manufacturing sector alone has seen a 59 percent drop in employment, with a total loss of about 446,000 jobs, a new report says.
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Most Employed Americans Feel Their Job Is Secure

June 8, 2009
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A new survey finds that a great majority of people who have not been laid off aren’t very worried about the possibility. However, almost half of those polled received pay or benefit cuts.
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Job Worries Boost &#8216;Presenteeism&#8217; in Britain

June 4, 2009
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The survey found 66 percent of employees are working more hours because of worries about job security, and 42 percent said feelings of insecurity regarding their jobs have increased in recent months.
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