Friday, April 10, 2009

Starbucks lists 200 store closures

The list of stores Starbucks Corp. is closing includes one in the Houston area.

The closures are part of about 200 stores the Seattle-based coffee company said it was shuttering across the U.S., as it struggles with the recession and a decline in revenue.

Closing is the store located at 5508 FM 1960 West in the Champions Forest area.

California is taking the biggest hit, with Starbucks closing 76 stores there. Overall, Starbucks said it closed 195 stores in 34 states and the District of Columbia, according to a list posted on the company's web site.


Thursday, March 5, 2009

More Houston CFOs plan to hire than fire

For accounting and finance staff in the Houston area, jobs may not be too hard to find in the next few months, according to a new study.

According to the Robert Half Financial Hiring Index a net 4 percent of CFOs in the area expect to add staff in the second quarter.

http://houston.bizjournals.com/houston/stories/2009/03/02/daily20.html?surround=lfn


Unemployment hits 6.5 percent in Houston

New figures from the Texas Workforce Commission show unemployment is continuing to rise in the Houston-Sugar Land-Baytown area.

According to the report released Thursday, 183,000 people in the area were without jobs in January — an unemployment rate of 6.5 percent — compared with 155,700, or 5.6 percent, in December 2008.

The figures are a significant increase from January 2008, when 125,900 people, or 4.6 percent of the work force, were registered as unemployed.


Borders Group cuts 3 percent of work force

Book giant Borders Group Inc. cut almost 3 percent of its work force, or 742 positions, nationwide Thursday in a move aimed at reducing the number of supervisory positions in its stores.

The cuts at its 516 Borders superstores and some of its 385 Waldenbooks mall-based stores aim to better align managerial staff with sales volume in each store. There are eight Borders and five Waldenbooks stores in the Houston area, according to the company's Web site.


Report: Chase to cut 12,000 jobs

JPMorgan Chase & Co. expects to cut 12,000 jobs to realize cost savings associated with its purchase of Washington Mutual Inc.

Chase, the largest Houston-area financial institution, has 141 locations in the area employing 6,100 people, according to the Houston Business Journal Book of Lists . The bank has $33.9 billion in total local deposits as of June 30, 2007.

http://houston.bizjournals.com/houston/stories/2009/02/23/daily47.html?surround=lfn


Wednesday, March 4, 2009

More than 6,300 laid off in Texas in February

Of 186,350 planned work force reductions announced by employers nationwide in February, 6,389 were in Texas, according to a new report.

During the month, Texas had the second-largest number of layoffs in the combined west/southwest region, according to the report fromChallenger, Gray & Christmas Inc. California, which announced 12,943 layoffs, had the most. The region as a whole had 34,509 announced layoffs.


Chronicle to lay off 10 percent of work force

Six months after a round of layoffs, the Houston Chronicle is once again facing a reduction in its work force.

In a Feb. 13 memo to employees obtained by the Houston Business Journal , Chronicle Publisher and President Jack Sweeney said the newspaper planned a reorganization extending over 60 days which included a reduction in the work force of at least 10 percent.

Read full article: http://houston.bizjournals.com/houston/stories/2009/03/02/daily23.html?ana=e_du_pub


Thursday, January 22, 2009

Guest Blog: Unemployed Recruiter Seeking Recruitment

Here's a helpful blog, especially for those of us in the same industry.
 
"In a period where almost no one is hiring, I quickly realized that I couldn't rely on the standard resume distribution and job board posting. So I set out to differentiate and brand myself beyond the basics. I've determined to treat my search like I was selling my own business, Craig Campbell Inc.–using the tactics I learned during my years as a recruiter."

Economist: Texas still nation’s bright spot

Despite continued job losses and warning signs of slower economic growth, Texas can expect a slightly smoother ride through the recession than the rest of the country, a bank economist said Thursday.

Nathaniel Karp, chief economist for BBVA Compass, the U.S. banking arm of Spanish financial giant Banco Bilbao Vizcaya Argentaria SA, said during a Webcast briefing that the Texas economy is expected to grow by about 1.2 percent in 2009 after slowing to 2 percent growth in 2008.

 

Read full article: http://www.bizjournals.com/houston/stories/2009/01/19/daily33.html

 


ConocoPhillips to cut 1,300 jobs

Houston Business Journal

ConocoPhillips on Friday said it plans to cut 4 percent of its work force and reduce its number of contractors.

The energy giant also announced a reduced capital budget for 2009 of $12.5 billion, down from $15.3 billion in 2008.

Houston-based ConocoPhillips (NYSE: COP) employs about 33,600 people worldwide, according to the company's Web site, putting the number of jobs to be cut at about 1,300. The company did not give details of where the cuts would be made.

http://houston.bizjournals.com/houston/stories/2009/01/12/daily59.html


Circuit City to close remaining U.S. stores

Circuit City Stores Inc. is planning to liquidate its remaining U.S. assets, the company said Friday.

The Richmond, Va.-based electronics retailer filed for Chapter 11 bankruptcy in November, and closed 155 of its U.S. stores, including the Sharpstown location on Bellaire Boulevard and League City store on the Gulf Freeway.

Circuit City still has about 13 stores in the Houston area, according to a company Web site search.

Read full article: http://houston.bizjournals.com/houston/stories/2009/01/12/daily54.html


Huntsman to cut 9% of global work force

Huntsman Corp. on Thursday said it would cut about 9 percent, or 1,175 jobs, across its divisions and functions by the end of the year as part of a cost-cutting measure that began late last year.

The chemicals company, which has 12,770 employees, is headquartered in Salt Lake City, but run out of The Woodlands.

 

Read full article: http://www.bizjournals.com/houston/stories/2009/01/19/daily31.html


Job losses hitting men harder than women

NEW YORK (Reuters) – The economic crisis is hitting men much harder than women in the workplace, largely because male-dominated industries like construction and transportation are bearing the brunt of job losses, figures show.

Women, meanwhile, dominate sectors that are still growing, like government and healthcare, experts said.

 

Read full article: http://news.yahoo.com/s/nm/20090122/ts_nm/us_workplace_men;_ylt=At1IFrfiRyg3C5Iq5jowbkPv5rEF


US unemployment spikes, housing crisis deepens

WASHINGTON (AFP) – US unemployment claims hit a 26-year high and home building fell to half-century lows, data showed Thursday, highlighting the scale of the recession facing the new Obama administration.

President Barack Obama has made economic recovery his administration's top immediate priority and is seeking an 825-billion-dollar stimulus package from Congress to kick-start growth.

Read full article: http://news.yahoo.com/s/afp/20090122/ts_alt_afp/useconomyconstructionhousing;_ylt=AlQx8nmD8i730j84KSNnL7zv5rEF

 


AMD to cut 1,100 jobs

Advanced Micro Devices Inc. will lay off some 900 people and cut 200 more job positions to save money.

The Sunnyvale chip maker (NYSE: AMD) will also cut salaries for its top executives — Chairman Hector Ruiz and CEO Dirk Meyer will take 20 percent cuts, albeit temporary ones. Managers in the United States and Canada will see salary cuts of 15 percent.

 

Read full article: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/01/12/daily82.html?ana=e_du


Microsoft profit down 11%, cutting 5,000 jobs

Microsoft Corp. will cut 5,000 people in the next 18 months after posting a profit drop of more than 11 percent in the second quarter.

Microsoft (NASDAQ: MSFT) said the economy and technology spending has "slowed beyond expectation," as the company reported a profit of $4.17 billion, or 47 cents a share, on revenue growth of a little more than 1 percent to $16.6 billion.

 

Read full article: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/01/19/daily47.html?ana=e_du_pub


Reports: State’s jobless fund facing $414M deficit

Just as jobless claims in Texas are rising in conjunction with the national recession, the state's unemployment compensation trust fund is projected fall far short of the $861 million required when the new fiscal year starts next fall.

Read full article: http://austin.bizjournals.com/austin/stories/2009/01/19/daily39.html?ana=e_du_pub


Friday, January 9, 2009

CHEMICAL GIANT ENTERS CHAPTER 11

Bankruptcy's effect on Houston operations of LyondellBasell unclear

By BRETT CLANTON Copyright 2009 Houston Chronicle

Jan. 6, 2009, 5:20PM

Chemical giant LyondellBasell Industries filed for Chapter 11 bankruptcy protection today and warned more job cuts may be on the way as the company restructures.

Reeling from plummeting sales and crushing debts, the Dutch company filed in U.S. Bankruptcy Court in the Southern District of New York just a year after a major merger made it one of the world's biggest chemical makers.

Volker Trautz, the company's chief executive, cited "a dramatic softening in demand" along with "unprecedented volatility" in costs. He also said December was particularly difficult because customers pulled back sharply, although LyondellBasell expects sales to improve in 2009.

 

LyondellBasell has about 4,500 employees and 2,600 contractors throughout the Houston area.

Production sites

Area manufacturing facilities produce transportation fuels and a range of building-block chemicals found in everyday consumer goods.

• Houston Refining, fuel products
• La Porte, olefins, polymers, VAM
• Bayport Polyolefins, polypropylene
• Bayport Choate, propylene oxide
• Bayport Underwood, ethylene oxide
• Channelview North, olefins / petrochemicals
• Channelview South, propylene oxide / chemicals
• Chocolate Bayou North, olefins
• Chocolate Bayou South, polyethylene

Other

• Business offices, downtown at One Houston Center
• Data center, The Woodlands
• Mont Belvieu Storage and Terminal
• Chocolate Bayou Pipeline Control Center

 

Read full article: http://www.chron.com/disp/story.mpl/business/energy/6196015.html


Alcoa to cut 13,500 jobs, slash production

Alcoa Inc. will lay off 13,500 employees, or about 13 percent of its global workforce, by the end of 2009 as "extraordinary times" squeeze the aluminum giant.

Besides slashing personnel, Alcoa will freeze salaries and hiring, further throttle back production and halve 2009 capital expenditures, the company announced in a news release Tuesday afternoon.

 

Read full article: http://www.bizjournals.com/pittsburgh/stories/2009/01/05/daily30.html


Walgreen to cut 1,000 jobs outside its drugstores

Here's an article about our neighbor, next door.

 

CHICAGO (Reuters) – Walgreen Co (WAG.N) plans to cut about 1,000 jobs outside its drugstores, its first major staff reduction, as it works on trimming costs and improving its operations in a recession.

Walgreen is offering early retirement and severance programs to its corporate staff and those in field management jobs such as district managers and district pharmacy supervisors.

The cuts are part of a "Rewiring for Growth" plan that Walgreen unveiled at an analyst meeting in October. Under the program, the company aims to save $1 billion per year by fiscal 2011.

Another part of its strategy is to open fewer stores. Walgreen has trimmed its store opening plans twice in the past six months as consumers spend less on everything from medications to makeup.

 

Read full article: http://news.yahoo.com/s/nm/20090108/bs_nm/us_walgreen;_ylt=AqnVWEORo0xAn_TOUrpv7uTv5rEF


Finding a new job becomes harder as layoffs mount

WASHINGTON – The number of laid-off workers who are continuing to draw unemployment checks jumped more than expected to 4.6 million at the end of December and is likely to keep climbing this year — fresh evidence that people are finding it increasingly difficult to get a new job amid a deepening recession.

The Labor Department's report Thursday also said first-time applications for jobless benefits dropped to 467,000 last week. But economists largely described that decline as a distortion, reflecting the government's difficulty in making seasonal adjustments over the holiday period. Even with the dip, the figure still signaled trouble in the labor market. A year ago, initial claims stood at 330,000.

 

Read full artice: http://news.yahoo.com/s/ap/20090108/ap_on_bi_go_ec_fi/financial_meltdown;_ylt=Av.niqj9b3b5p3SAJxWrgC3v5rEF


Macy's will shutter 11 stores in 9 states

NEW YORK – Department-store operator Macy's Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years.

Stores slated to close include locations in Los Angeles, West Palm Beach, Fla., Nashville, Tenn., and St. Louis, among others. Cincinnati-based Macy's Inc. says the closures will cost about $65 million, most of which will be booked in the 2008 fourth quarter.

Clearance sales at the stores begin next week.

 

Read full article: http://news.yahoo.com/s/ap/20090108/ap_on_bi_ge/macy_s_store_closings;_ylt=AkX.FF6yyWl7TfN3zL1fECOyBhIF


EMC to cut 2,400 jobs

EMC Corp. said late Wednesday it plans to lay off 2,400 people worldwide amid broad cost cutting measures at the Hopkinton, Mass., IT giant.

The company (NYSE: EMC) said it is looking to cut costs in its core information infrastructure business by about $350 million in 2009 and a total of $500 million by 2010. The restructuring program will consist of consolidating "back-office functions" and offices, reduction of management layers, rebalance investments toward higher-growth products and markets, and reduction of spending on contractors, third-party services and travel.

The layoffs make up about 7 percent of EMC's 34,000 employees and will be spread equally among employees in the United States and abroad, said EMC spokesman Michael Gallant. Most of the layoffs will be completed by the end of 2009. The company has Silicon Valley operations in San Jose, Santa Clara and San Mateo.

Read full article: http://sanjose.bizjournals.com/sanjose/stories/2009/01/05/daily59.html?ana=e_du_pub


Same job, less pay

NEW YORK (CNNMoney.com) -- An annual 3% raise used to be considered stingy. Now, some employees will be happy if their salary doesn't go down in the coming year.

It's not just Citigroup executives that are seeing their compensation cut. More companies are considering salary reductions as a way of cutting costs amid an ongoing recession.

"Companies are looking for ways to keep their business intact without hurting customer service or quality," according to John Dooney, manager of employment and HR strategy for The Society for Human Resource Management (SHRM). "This is a potential option."

 

Read full article: http://money.cnn.com/2009/01/07/news/economy/salary_cuts/index.htm?postversion=2009010811

 


Schlumberger begins job cuts

Oilfield services giant Schlumberger Ltd. will trim about 100 employees from its Houston-area work force of 5,000 as part of an effort to reduce staff by 5 percent across North America.

Schlumberger spokesman Stephen Harris said Thursday that the company will eliminate about 1,000 administrative, operations and contractor positions across its total North American work force of 19,000. The job cuts began on Jan. 7, he added.

 

Read full article: http://houston.bizjournals.com/houston/stories/2009/01/05/daily38.html?ana=e_du_pub

 


Dell will shift some production to Poland, lay off 1,900 in Ireland

Dell Inc. will cut about 1,900 of 3,000 jobs at its manufacturing plant in Limerick, Ireland.

Round Rock-based Dell plans to move production of computer systems for customers in Europe, the Middle East and Africa from Limerick to its Polish factory and third-party manufacturers during the coming year, company officials said.

The job cuts, which will be completed in a phases starting in April, are part of Dell's $3 billion cost-reduction strategy. The company plans to simplify operations and improve productivity while reducing costs with the strategy, officials said.

 

Monday, January 5, 2009

How to Spot Résumé Fraud

By CARI TUNA

 

How can managers catch résumé fraud?

As more people look for jobs – and become increasingly desperate -- hiring managers need to be on guard, experts say. "Survey after survey shows that people lie and mislead on their resumes," says Lee Pomeroy, president of Executive References LLC, a background-checking firm in New York. During the downturn after the Internet bubble burst, "as people were unemployed more, the accuracy of the data fell off," he says.

Managers should review résumés with a skeptical eye, verify credentials, and ask the candidate specific, detailed questions about claims.

 ---

Other ways to avoid being duped:

  • Confirm the circumstances of every change in employment – whether voluntary or involuntary – with a candidate's previous employers, says Mr. Pomeroy. And when considering managers and executives who are exiting a battered or liquidated firm, especially in the financial services industry, employers should try to understand the role the candidate played in the firm's fate.
  • Ask the candidate for exact dates – to the day or month – of prior employment, and ask him to explain any gaps. "There can be that embarrassing two-month [job] in between, or those 90 days in jail," says Michael D. Allison, chairman and CEO of International Business Research, a corporate-investigations firm in Princeton, N.J.
  • Don't call only the references provided by a candidate. Seek additional references, such as former colleagues, supervisors or direct reports, Mr. Allison says.
  • Don't assume candidates provided by an executive search firm are well-vetted, says Peter LeVine, a reference-checking consultant in Delray Beach, Fla. "You can't afford to make assumptions."
  • Run a Web search. "Anybody who doesn't Google that employee creatively is making a mistake," Mr. Pomeroy says. If anything turned up by a search – a title or date of employment, for example – doesn't match a candidate's résumé, "keep digging."

Read full article: http://online.wsj.com/article/SB122653695797922735.html

 


Avoiding the Ax: Where the Jobs Are

Employers that provide necessary products and services -- hospitals and insurers, for example -- tend to always need recruits. And areas employers deem critical to their survival, like accounting and information technology, rarely get cut. What's more, some fields, such as bankruptcy law and crisis-management consulting, are thriving because of the downturn.

 

Read full article: http://online.wsj.com/article/SB122999321221628707.html

 


The Best and Worst Jobs

Of 200 Jobs studied, these came out on top -- and at the bottom:

 

The Best The Worst


 

The Best The Worst
1. Mathematician 200. Lumberjack
2. Actuary 199. Dairy Farmer
3. Statistician 198. Taxi Driver
4. Biologist 197. Seaman
5. Software Engineer 196. EMT
6. Computer Systems Analyst 195. Garbage Collector
7. Historian 194. Welder
8. Sociologist 193. Roustabout
9. Industrial Designer 192. Ironworker
10. Accountant 191. Construction Worker
11. Economist 190. Mail Carrier
12. Philosopher 189. Sheet Metal Worker
13. Physicist 188. Auto Mechanic
14. Parole Officer 187. Butcher
15. Meteorologist 186. Nuclear Decontamination Tech
16. Medical Laboratory Technician 185. Nurse (LN)
17. Paralegal Assistant 184.Painter
18. Computer Programmer 183. Child Care Worker
19. Motion Picture Editor 182. Firefighter
20. Astronomer 181. Brick Layer

 

[Best and Worst Jobs]


More on the Methodology

For methodology info and detailed job descriptions, go to http://careercast.com/jobs/content/JobsRated_Methodology

Read about the last study of the best and worst jobs.

 

Read full article: http://online.wsj.com/article/SB123119236117055127.html

 


Cigna Cuts 1,100 Jobs, Expects Charge of $40 Million

Jan. 5 (Bloomberg) -- Cigna Corp., the health insurer whose shares fell 69 percent last year because of investment losses, said it will cut about 1,100 jobs and take a fourth-quarter after-tax charge of $30 million to $40 million for 2008.

The Philadelphia-based company's 4 percent workforce reduction will be complete by the middle of the year, and some offices will be consolidated, although it didn't offer details in a statement today. There may be more charges for 2009, the company said in a filing with the Securities and Exchange Commission.

 

Read full article: http://www.bloomberg.com/apps/news?pid=20601087&sid=a.XCT3gqzF0M&refer=home


Bleak economic outlook forecast for 2009 despite US hopes

PARIS (AFP) – European and Japanese officials on Monday warned the global downturn would worsen despite hopes that US president-elect Barack Obama could galvanise the world's largest economy with a new stimulus plan.

Fresh reports out on Monday also painted a gloomy picture, with Japanannouncing its worst car sales since 1974 and the iconic Irish china and crystal maker Waterford Wedgwood saying it was on the verge of bankruptcy.

Economic uncertainty means "it's quite possible that the recovery won't start until the beginning of 2010," European Central Bank vice president Lucas Papademos told German weekly WirtschaftsWoche in an interview published Monday.

Read full article: http://news.yahoo.com/s/afp/20090105/ts_afp/financeeconomyworld;_ylt=AuDhBAoC5799QMxneoWWMlnv5rEF

 


Obama considering expanding jobless benefits: report

NEW YORK (Reuters) – President-elect Barack Obama and Congressional Democrats are considering a major expansion of government-assisted health care insurance and unemployment benefitsas part of a two-year economic recovery program, The New York Timesreported in its Sunday editions.

Proposals included extending unemployment compensation to part-time workers, subsidizing employers who must continue health insurance benefits temporarily for laid-off and retired employees and allowing workers who lose jobs that did not include insurance to apply for Medicaid, the Times said.

---

Obama is also likely to propose a tax credit of $500 for eligible individuals and $1,000 for couples, the newspaper said. Those earning too little to pay federal income tax would receive a check meant to offsetSocial Security retirement and Medicare payroll taxes.

 

Read full article: http://news.yahoo.com/s/nm/20090105/pl_nm/us_obama_jobs;_ylt=AknyEFTyjOQXkjEZJbZqvB_v5rEF


Economists see jobless surge, deeper housing hole

NEW YORK (Reuters) – The worst financial crisis in more than a half century is going to get even worse, putting further pressure on U.S. home prices and driving the unemployment rate above 11 percent, according to two prominent academic economists.

Carmen Reinhart, from the University of Maryland, and Kenneth Rogoff, of Harvard, suggested housing might not bottom until 2010, which bodes poorly for struggling banks that still hold trillions in mortgages.

Read full article: http://news.yahoo.com/s/nm/20090105/bs_nm/us_usa_economy_outlook;_ylt=AmKo.F0NN6tRAVUqEwg96vDv5rEF

 


Toolbox.com launches industry-specific Web sites

For 10 years, ITtoolbox.com was a single entity catering to information technology professionals looking to learn a thing or two from their peers.

This past fall, all that began to change.

The Scottsdale-based company recently added a human resources site and changed its name to Toolbox.com. In early December, it debuted a finance site that caters to financial officers. Although it has expanded the brand, the mission remains the same: Provide an online gathering place for professionals to discuss issues and find good sources of information, said Dan Morrison, the company's co-founder and CEO.

"We look at where it is valuable for people to share knowledge," he said

Read full article: http://phoenix.bizjournals.com/phoenix/stories/2009/01/05/story8.html?b=1231131600^1755038&ana=e_vert

 


Survey shows more employers to hold off on hiring

As we enter 2009, employers will be taking a "wait and see" approach to hiring, according to a newly released job forecast by CareerBuilder.com.

About 14 percent of employers surveyed said they plan to increase full-time permanent employees. That's down from 32 percent who said they would hire in 2008. But 16 percent said they plan to decrease hiring in 2009.

The remainder said they aren't sure, or don't plan to make any changes to their headcounts in the coming year.

While these are forecasted national trends, the survey's results share many similarities to industry hiring predictions in southeast Wisconsin with the "wait and see" approach in effect as well, said Carol Schneider, chief executive officer at Seek Careers/Staffing Inc., a Grafton-based human resource and staffing consulting firm.

When it comes to part-time workers, 8 percent in the survey said they plan to increase the number of those employees in 2009, down from 21 percent in 2008. However, 14 percent plan to decrease part-time staff. The rest expected no change or were unsure.

Read full article: http://milwaukee.bizjournals.com/milwaukee/stories/2009/01/05/story8.html?b=1231131600^1755346&ana=e_vert

 


California: Unemployment benefits tapped out

CALIFORNIA

The state fund that pays unemployment benefits to laid-off workers is projected to go broke in two weeks, without a bailout from the federal government.

With the jobless rate in California — and the Sacramento region — at its highest level in almost 15 years, the fund was down to $619 million Monday, paying out $34 million a day in benefits, state Employment Development Department spokeswoman Loree Levy said.

The agency has requested a federal loan of $1.8 billion to cover benefits through the end of March. That's expected to come through, but the state will likely have to go back to the feds every three months for more money for at least the next year, she said.

"First and foremost, benefits will continue to be paid," Levy said. "It's a just a matter of how."

How is likely to be a combination of higher taxes on employers and fewer benefits to workers.

Unemployment insurance is funded by employers, who pay taxes per employee. Laid-off employees receive maximum benefits of $450 per week, depending on their income. The benefits last 26 weeks, but many unemployed workers qualify for a 20-week extension.

Read full article: http://sacramento.bizjournals.com/sacramento/stories/2009/01/05/story2.html?b=1231131600^1755641&ana=e_vert

 


More job cuts in store for Granite City steel workers

Madison County's unemployment numbers will continue to rise in the New Year.

Amsted Rail, formerly known as American Steel Foundries, plans to lay off another 363 workers at its Granite City steel mill in February. The company filed a notice under the Worker Adjustment and Retraining Notification Act (WARN) with the Illinois Department of Commerce and Economic Opportunity in December detailing the layoffs.