All Icos Workers Losing Their Jobs
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By Luke Timmerman, Seattle Times  Dec. 12--Eli Lilly is laying off all 700 employees at Icos, including all 550 in Washington, as part of its pending purchase of the state's largest locally based biotech company.
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The Organization for the Rights of American Workers, a group formed by unemployed IT workers in Connecticut to lobby against the H-1B and L-1 visa programs, is disbanding, its leader said.
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Frees up thousands of pink slips Texas semiconductor manufacturer Freescale is cutting jobs across the company as part of a strategy to reduce costs during a sluggish year.â¦
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By JORDAN ROBERTSON, THE ASSOCIATED PRESS  SAN JOSE, Calif.  Chip maker Intel Corp. said Tuesday that it will eliminate 10,500 jobs  about 10 percent of its workforce  through layoffs, attrition and  the sale of underperforming business groups as part of a massive restructuring.
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Shares in buyout I.P.O.âs performed far worse last year than both the overall market and other companies that made their public debuts.
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HUNDREDS of Norwich Union workers were dealt a double blow today after it was announced more jobs in the city were to be lost. Bosses said up to 70 posts were to go abroad while more than 140 jobs would transferred to York.
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Business & money: Number of people out of work and claiming benefit fell for 15th straight month in December
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Labor protests in the high-tech industry are rare, but IBM is in midst of one -- and it&#39;s unfolding entirely online. Instead of waving protest signs outside the company gates, affected workers are airing, in comments accompanying an online petition, disappointment, anger, and bitterness with the company over a salary cut&#160; IBM&#39;s U.S. workforce.Since its announcement last month, more than 1,200 people have signed a petition sponsored by the Alliance@IBM, protesting pay cuts to 7,600 technical support employees.. Whether all these signatures are from affected employees is not certain, but many of the comments seem authentic, and often heartfelt.Comments such as &quot;11 years on call ... Now less money than when in started in 97,&quot; &quot;Previous loyal employee ... No more,&quot; and &quot;This is not fair. I did not deserve this after all my hard work,&quot; are typical.This change in how technical support workers are paid stems from a federal class action lawsuit filed by some employees in early 2006. In it, the workers complained they were not getting paid overtime after a 40-hour work week and they sought back pay. IBM settled the case that same year for $65 million.Last month, IBM told workers that it was reclassifying technical services and IT specialist jobs to nonexempt positions, making them eligible for overtime. But the company said it was also making a 15% base salary adjustment -- down.Overtime pay, as a well as a transition payment to help where overtime doesn&#39;t meet the base pay adjustment, will offset this pay cut according to the company. The company characterized the change as a &quot;pay remix&quot; in a series of slides to managers that was subsequently leaked. But not all the employees will be able to offset the pay cut with overtime, according to information sent to managers; about one third of the affected employees are working on average less than 45 hours a week, the apparent salary parity threshold.IBM spokesman Fred McNeese said that were IBM to pay overtime on top of salaries that were already competitive with the industry, the company would be uncompetitive. McNeese&#39;s point is listed as a key one in the slides sent to managers. &quot;Adding overtime compensation to already competitive pay would quickly produce costs that exceed competitive levels -- an undesirable result for employees and our clients.&quot;McNeese believes that overall compensation for employees after the change &quot;should be the same.&quot;Two affected employees, who spoke on the condition that their names not be used, disagreed that their pay would be similar. They argued that overtime was far from certain, required managerial approval, and opportunities for it could vary depending on business. Moreover, the cut in base pay affected those aspects of compensation calculated on base salary alone, such as insurance and disability. They also argued that it could affect personal areas, such as ability to qualify at a certain mortgage amount. One employee said that it rolls back his salary to what he earned in 2001.The employees were also skeptical of the company&#39;s assertion that this change wasn&#39;t put in place to cut overall costs, and there are suspicions that wage pressure from offshore centers may be at work -- something IBM denies. &quot;As far as I am concerned, they are going to save money,&quot; said one employee.Lee Conrad, a former IBM employee who is now national coordinator of the Alliance@IBM in Endicott, NY, said he believes globalization may be a factor in the pay cut decision and suspects other companies will be looking at how IBM manages the pay cut. &quot;If IBM is an indication of what&#39;s ahead, it&#39;s going to be a rough ride for American workers,&quot; he said.The union, which is part of the Communications Workers of America, represents about 6,000 of IBM&#39;s total U.S. workforce of 125,000. It would need at least 60 percent membership to have bargaining power with the company, said Conrad.Conrad said he been impressed by the outspoken reaction of IBM employees. &quot;For IBMers to sign their name publicly to a petition -- that says a lot,&quot; he said.Computerworld is an InfoWorld affiliate.&#160;
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It's now or never Users of Orange's SmartGroups are being booted off the service today, as we reported earlier this month.â¦
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Hundreds of workers are expected to lose their jobs as the struggling internet company implements cost-cutting measures to stop its slide.
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Even as we speak, folks are bailing out of the financial services sector.
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Union blames 'spiralling' IBM/Serco costs IBM/Serco is at the centre of a row over Bradford Council's plans to axe more than 400 jobs.â¦
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ULSTER BANK CLOSES Ulster Bank is to close its Isle of Man operation a ' a move which will affect 11 of its staff.
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Tens of thousands of vulnerable workers are being exploited by rogue employers, warns Citizens Advice.
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Going, going, gone Three Welsh council workers have lost their jobs after spending too long on eBay when they should have been working.â¦
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More than 100 workers in Newton are scheduled to lose their jobs by February amid the purchase of MedSource Technologies Inc. by another medical device contract manufacturer, the new owner acknowledged yesterday.
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About 420 people will be laid off, with most of the cuts coming in New York. International offices will also close.