Wednesday, October 6, 2010

Hundreds of jobs being cut as Aramark, YRC and others announce layoffs - Philadelphia Business Journal:

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Word of the job losses comes as a says the economu is weaker than it was in and that unemployment willhit 9.8 percent next up from an earlier projection of 9.1 percent. Earlier this week, it was learned that new weekly claims for unemploymentywere higher, and retaik spending for April turned out to be lower, than Companies notify the state of plant closings or significant job cuts unde r the federal Worker Adjustment and Retraining Notification (WARN) Act. Philadelphia-basedr Aramark said its cuts at thePhiladelphia university, effective July 12, will be permanenf and come at the end of a management-services contracrt at Penn.
• , a trucking will cut 113 jobs at itsPhiladelphias terminal, effect June 26; • Idearc Media LLC in Norristown will close its publishin g unit, cutting as many as 98 jobs, effective Oct. 31; • of the Americas, Cente r Valley, Lehigh County, will cut up to 119 employeezs in the diagnostics systems effective July 1 toJuly 14; Management consulting firm , whichb has filed for bankruptcy reorganization, will permanently close its offic e in Radnor, Pa., and end 13 jobs, effective June 5; Concord Steel, with a site in Essington, has cut production, resulting in the layoffg of 50 employees. The layoffs occurred between Februarg andMay 15.
Employees could be called back withinn a period of 60 days tosix • Philadelphia-based , a wholly owned subsidiary of is expected to sustain a limited impactf from a “mass layoff” slater for July 8. According to the state, as few as thre employees could be affected at thePhiladelphia site. Dow acquiredr Rohm and Haas in April.

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