Tracking the Economic Collapse: Closures and Layoffs list Nov. 16-22

[marmar]

from costar.com:



Closures & Layoffs (Nov. 16-22): Layoffs Hit Sun, AMD and Other Tech Firms
A Weekly Report on Future Corporate Downsizings

In this week's issue:
We give you the latest announcements of major U.S. corporation closures and layoffs including Advanced Micro Devices, Alcoa, Amylin Pharmaceuticals, Brunswick Corp., Comsys IT Partners, Imation, Intersil, Metaldyne, MGP Ingredients, Sun Microsystems, Weyerhaeuser and additional closings in Texas, Wisconsin and Washington.


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Closures & Layoffs

Advanced Micro Devices Inc. based in Sunnyvale, CA, is cutting 500 workers, or 3% of its global staff. The cuts are AMD's second big round of layoffs this year. AMD had already laid off 1,600 workers, replaced its chief executive and announced plans to spin off its factories. The job cuts will affect all AMD departments worldwide except for the company's manufacturing operations, which have roughly 3,000 employees and are being spun off into a separate company.

Alcoa will curtail an additional 350,000 metric tons per year of aluminum production beginning immediately. The cuts affect work in its Rockdale, TX, and Ferndale, WA, operations. The reductions will be phased-in beginning immediately.

Amylin Pharmaceuticals Inc. based at 9360 Towne Centre Drive in San Diego, CA, will reduce its San Diego workforce by approximately 25%, or 340 employees. The company's Ohio facility is unaffected by the restructuring. After the workforce reduction, Amylin's employee base will be 1,800 worldwide, with approximately 900 employees in San Diego.

Brunswick Corp. will transfer production of Trophy offshore fishing boats made at its plant in Cumberland, MD, to another Brunswick facility in Ashland City, TN, by the end of 2008, eliminating approximately 115 production and support positions.

Comsys IT Partners Inc. in Houston, TX, plans to relocate administrative functions primarily from Gaithersburg, MD, (9737 Washingtonian Blvd., Suite 500) and Portland, OR, (Three Lincoln Center, Suite 301, 10220 South West Greenburg Road) into its new Phoenix, AZ, customer service center facility at 2050 E. ASU Circle.

Imation Corp. in Oakdale, MN, will eliminate approximately 200 positions around the world.

Intersil Corp. in Milpitas, CA, is reducing its global workforce 9%. including the previously announced consolidation of the company's Palm Bay, FL, fabrication facilities at 1650 Robert J. Conlan Blvd. NE, which will conclude during the first half of 2009, Intersil expects to reduce its global workforce by approximately 140 employees and reduce its overall annual operating costs by approximately $12 million to $14 million. .......(more)

The complete piece is at: http://www.costar.com/News/Article.aspx?id=DA28A0DA9B01B3431969B6C13A7E7A01