Wednesday, May 30, 2012

Top Layoffs and Closings for the Week Ended May 28

The top layoffs and closings for the week ended May 28, 2012 are:

AVI Foodsystems Inc. will cease dining services at various locations affiliated with Cleveland Clinic in Ashtabula, Beachwood, Cleveland, Mayfield Heights, Lakewood and Warrensville, Ohio, on June 30, affecting 803 jobs.

The CHRISTUS Santa Rosa Health System will eliminate 400 jobs in San Antonio, Texas, beginning on July 31 through Aug. 31, 2012.

Del Monte Foods will close its peach processing plant in Kingsburg, Calif., over the next year, with the loss of 70 full-time and 1,100 season jobs.

General Mills, Inc., will terminate 850 jobs companywide in an effort to reduce costs.
Hewlett-Packard Company will reduce its workforce by 8%, or about 27,000 jobs, by October 2014.

HSBC USA Inc. will lay off 100 former HSBC employees who were transferred to Capital One Financial Corp. along with HSBC's U.S. credit card unit, by the end of 2012.  It will also cut 200 jobs from its mortgage operation in Depew, N.Y.

Medtronic Inc. will terminate 1,000 jobs companywide as part of the company's downsizing.

MV Transportation, Inc., will shut down its facility in Arcadia, Calif., and lay off 375 employees effective on June 30, 2012.

New Process Gear, Inc., will close down in East Syracuse, N.Y., and eliminate 406 jobs from Aug. 20 until Sept. 2, 2012.

Pratt & Whitney has cut 300 salaried jobs, including 200 in Connecticut, amid decreasing spare-parts sales and increasing development costs.

Information is provided by the Plant Prospector. For more information on the product, follow this link The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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