Downsizing
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Kraft to Cut 1,600 Jobs in U.S., Canada
The Northfield, Illinois-based company will reorganize its domestic sales team, consolidate its U.S. management centers and trim the corporate and business units.
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Archer Daniels Midland Announces Plan to Cut 1,000 Jobs
The cutbacks represent 3 percent of the company's total workforce, according to a release issued Jan. 11.
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Employment-Based Coverage Fell Sharply During Great Recession: Analysis
The drop in employment-based coverage is directly linked to the slump in the economy, according to the analysis, which is based on U.S. Census Bureau data.
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Morgan Stanley to Pare Workforce by 1,600
Reps are safe, but 'business won't entirely escape the belt-tightening.'
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President to Sign Bill Increasing Health Insurance Subsidies for Certain Workers
President Barack Obama on Oct. 21 will sign trade legislation that also will boost federal health insurance premium subsidies for employees who lose their jobs because of foreign competition and older retirees in failed pension plans, the White House announced Oct. 18.
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Black Women Lost More Jobs During Recovery
Black women have lost more jobs than black men since the recession began in December 2007, says a recent report by the National Women’s Law Center.
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Is There a Bias Against Hiring the Jobless?
Experts contend that employers increasingly discriminate against jobless Americans in hiring decisions, and such practices could violate equal opportunity laws.
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Courts Ruling on WARN Act Could Benefit Employers
The Worker Adjustment and Retraining Notification Act requires employers with 100 or more employees to provide at least 60 days’ notice to workers of plant closings or mass layoffs.
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Top HR Leaders Among Those Purged by Tribune Co.
A spokesman declined to comment on future plans for the division, saying only that ‘HR will not be outsourced.’
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Multiskilled Employees Sought as Versatility Becomes a Workplace Virtue
With the new value placed on adaptable employees, hiring managers appear to be seeking workers who are willing to take on different tasks.
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Proposed COBRA Subsidy Extension Cut by One Month
With the change, the 15-month, 65 percent COBRA subsidy would be provided to employees who are involuntarily terminated through November 30.
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Bill Would Extend COBRA, Provide Pension Funding Relief
Legislation introduced in Congress would extend through the rest of the year a federal subsidy for COBRA premiums to employees who lose their jobs. The bill also contains provisions that would give employers more time to make up shortfalls in pension funding.
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Michigans Jobless Rate Dips to 14 Percent in April
The unemployment rate in Michigan improved only marginally in April, according to new figures released by the state. Although state regulators say the workforce has been increasing, year-over-year comparisons show the unemployment rate has grown since April 2009.
