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