June 2009 Layoffs
Layoffs for June 2009 at America’s 500 largest public companies 5,119
June 29: The Hess Corp. ( HES – news – people ) dismisses 270 workers from its Hovensa LLC division, a joint venture with the Venezuelan oil giant PDVSA. The layoffs affect Hovensa’s refinery in the U.S. Virgin Islands.
June 25: News Corp. ( NWS – news – people ) lays off 35 from Photobucket, a division of Fox Interactive Media.
June 24: Monsanto ( MON – news – people ) lays off 900 workers, about 4% of its workforce.
June 24: United Technologies ( UTX – news – people ) dismisses 200 workers from its subdivision Pratt & Whitney, a jet engine manufacturer. The layoffs were mostly in Connecticut.
June 24: Verizon Communications ( VZ – news – people ) lets go of 42 employees. The workers were all former Alltel ( AT – news – people ) employees.
June 22: Chesapeake Energy ( CHK – news – people ) lays off 50 workers from its headquarters in Oklahoma City, Okla.
June 16: News Corp.’s MySpace lays off 30% of its workforce, about 420 employees, to focus on innovation.
June 12: Textron ( TXT – news – people ) announces plans to lay off 1,300 employees from its Cessna Aircraft division.
June 9: General Motors ( GMGMQ.PK – news – people ) production cuts result in 900 layoffs in Missouri.
June 9: Berkshire Hathaway ( BRK.A – news – people ) lays off 13 employees in its Borsheim’s jewelry division.
June 5: Intuit ( INTU – news – people ), maker of Quicken and Turbotax software, cuts 300 employees, or 4% of its workforce.
June 2: Deere & Co. ( DE – news – people ) lays off 689 in Iowa as part of ongoing reductions.
The government reported unemployment rate is 9.5 percent in the June’s report. This is a 26 year high of 9.5 percent and the loss of 467,000, making this the worst economic crisis since the Great Depression. Obama, where are those jobs you promised, where are the jobs from the ‘Stimulus Bill’ that you had the country believing would happen. All these bills that you sign and have big fanfares about has the undertone of ‘creating jobs’, well, where in the hell are they! Over the past three months, monthly employment losses have averaged 492,000. Employment in the service-providing sector fell by 223,000. The goods-producing sector declined 250,000. Employment in factories dropped 146,000. Large businesses saw fell by 91,000. Medium-sized firms declined 205,000. Small firms dropped 177,000. Manufacturing sink 136,000 positions. Construction cut 79,000. Professional and business services eliminated 118,000. That $787 billion economic stimulus program is a bunch of O-Bama.
