Caterpillar Inc (CAT)

[jscot]

FIRST-QUARTER LAYOFFS: Selection Of Job Cuts By Major Companies

http://ih.advfn.com/p.php?pid=nmona&cb=1236034769&article=36471956&symbol=NY%5ECAT


The following chart is a selection of some first-quarter announcements of job cuts since the beginning of the year. Some numbers are estimates.


Company Name Date of Number of Percent
Announcement Jobs Cut Work Force

HSBC 03/02/2009 6,100 N/A
GKN 02/26/2009 2,400 N/A
RSA Insurance 02/26/2009 1,200 6%
Nortel Networks 02/25/2009 3,200 10%
Advantest Corp. 02/25/2009 1,200 25%
Lonmin PLC 02/24/2009 5,500 18%
Spansion Inc. 02/23/2009 3,000 35%
Micron Technology Inc. 02/23/2009 2,000 8.8%
Anglo American 02/20/2009 19,000 11%
Embraer 02/19/2009 4,300 20%
Avon Products 02/19/2009 2,500-3,000 N/A
Goodyear Tire 02/18/2009 5,000 7%
Rockwood Holdings 02/18/2009 900 9%
General Motors Corp. 02/17/2009 47,000 18.7%
Chrysler LLC 02/17/2009 3,000 N/A
Smithfield Foods 02/17/2009 1,800 3.4%
Wal-Mart Stores 02/13/2009 1,100-1,200 -k N/A
Pioneer Corp. 02/12/2009 10,000 -l 16% -l
ArcelorMittal 02/11/2009 9,000 3%
General Motors 02/10/2009 10,000 14% -g
Unisys 02/10/2009 1,300 N/A
UBS 02/10/2009 2,000 2.6%
FedEx Corp. 02/09/2209 900 2.6% -j
Anglo Platinum 02/09/2009 10,000 13%
Nissan Motor 02/08/2009 20,000 8%
International Rectifier 02/05/2009 850 18%
Power-One Inc. 02/05/2009 1,000 22%
Bombardier 02/05/2009 1,360 4.5%
Estee Lauder 02/05/2009 2,000 6%
Time Warner Cable 02/04/2009 1,250 3%
Harman International 02/04/2009 1,110 9.4%
Panasonic 02/04/2009 15,000 5%
Electronic Arts Inc. 02/03/2009 1,100 11%
PNC Financial Services 02/03/2009 5,800 10%
SAS 02/03/2009 3,000 13% -h
Atlas Copco 02/02/2009 3,000 9%
Macy's 02/02/2009 7,000 4%
NEC 01/30/2009 20,000 7%
Hitachi 01/30/2009 7,000 2%
Caterpillar 01/30/2009 22,110 -f N/A
American Axle 01/30/2009 3,000 N/A
Chartered Semiconductor 01/29/2009 600 8%
Charles Schwab Corp. 01/29/2009 500-600 3.7%-4.5%
Black & Decker 01/29/2009 1,200 5%
Bon-Ton Stores Inc. 01/29/2009 1,150 3%
Eastman Kodak 01/29/2009 4,500 18%
AstraZeneca 01/29/2009 7,400 11%
Ford Motor Credit 01/28/2009 1,200 20%
Boeing Co. 01/28/2009 10,000 6% -d
Allstate Corp. 01/28/2009 1,000 -e 2.6%
Jabil Circuit 01/28/2009 3,000 4.9%
AOL 01/28/2009 700 10%
Starbucks 01/28/2009 6,700 4%
SAP 01/28/2009 3,000 6%
STMicroelectronics 01/28/2009 4,500 9%
Avery Dennison 01/27/2009 N/A 10%
Baker Hughes 01/27/2009 1,500 4%
Corning 01/27/2009 3,500 13%
Cooper Industries 01/27/2009 2,200 7%
Clariant 01/27/2009 1,000 5%
Texas Instruments 01/26/2009 3,400 12%
Home Depot 01/26/2009 7,000 2%
Sprint Nextel 01/26/2009 8,000 13%
Pfizer 01/26/2009 8,300 10%
ING 01/26/2009 7,000 5%
Philips Electronics 01/26/2009 6,000 5%
Corus 01/26/2009 3,500 10%
Harley-Davidson 01/23/2009 1,100 11%
Microsoft 01/22/2009 5,000 5%
Huntsman 01/22/2009 1,175 9%
Intel 01/21/2009 6,000 -c 7%
UAL 01/21/2009 1,000 2%
Eaton 01/20/2009 5,200 6%
Bose 01/20/2009 1,000 10%
Rohm & Haas 01/20/2009 900 5.7%
Clear Channel 01/20/2009 1,850 9%
ConocoPhillips 01/16/2009 1,300 4%
Circuit City 01/16/2009 34,000 100% -a
Pfizer 01/16/2009 3,200 -b 3%
AMD 01/16/2009 1,100 9%
Hertz Global Holdings 01/16/2009 4,000 13%
Wellpoint 01/16/2009 1,500 3.6%
Saks 01/15/2009 1,100 9%
MeadWestvaco 01/15/2009 2,000 10%
Autodesk 01/15/2009 750 10%
Motorola 01/14/2009 4,000 6%
Barclays 01/14/2009 2,100 1.3%
Seagate Technology 01/12/2009 800 10%
Cessna 01/12/2009 2,000 N/A
Walgreen 01/08/2009 1,000 9% -i
Lenovo Group 01/08/2009 2,500 11%
EMC 01/07/2009 2,400 7%
Alcoa 01/06/2009 15,000 14.5%
Cigna 01/05/2009 1,100 4%

a. Company in liquidation
b. Includes announcements of 2,400 cuts on Jan. 16 and 800 layoffs on Jan.
13.
c. Number of employees affected by plant closures, not all will lose jobs
d. Includes Jan. 9 announcement of 4,500 layoffs from commercial-airplane staff
e. Reductions to come over the next two years
f. Includes 20,000 job cuts announced Jan. 26 and 2,110 announced Jan. 30
g. 14% of salaried work force.
h. The work force will be reduced by another 5,600 staff as divisions are divested or outsourced.
i. The percentage represents cuts made to eligible corporate positions and certain field-management positions
j. Percentage of work force reduced at FedEx Freight unit.
k. Cuts include corporate headquarters staff reduction announced Feb. 10 and Georgia return center staff announced Feb 13.