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Here are some recent examples of the continued decline in employment:
Article from TheStreet.com
Layoffs Continue to Mount
By Jeanine Poggi 02/24/10 – 01:31 PM EST
Boeing(BA Quote) announced on Feb. 19 that it had sent out more than 1,000 layoff notices. The majority of the employees laid off are technology workers in Washington state and California.
Those who received the notice are at risk of being laid off on April 23. Not everyone who received a notice, however, will be let go.
The layoffs are part of 10,000 jobs cuts that Boeing originally planned for 2009. When Boeing did not complete the layoffs last year, its management announced that it would finish the job of laying off the workers in 2010 — and might ultimately lay off more workers than the original 10,000 that were projected
Health insurance giant Humana (HUM Quote) announced on Feb. 17 that it will cut 2,500 jobs in 2010.
But Humana will also add 1,100 new positions, making the net job loss at the company 1,400, or 5% of its workforce.
Humana did not reveal where the layoffs would come from, but did say that new jobs are expected in medical-cost containment capabilities, pharmacy management and specialty products.
Ford Motor(F Quote) announced on Feb. 16 that it plans to cut 900 jobs at a Mustang factory.
The auto maker attributed the layoffs to slow sales last year and increasing competition from Chevrolet’s Camaro.
The Michigan plant currently employs 2,300 people. Most of the layoffs will be hourly manufacturing workers, but some salaried staffers will also be eliminated.
It’s worth noting, however, that Ford previously announced plans to hire 1,200 workers at its Chicago Assembly Plant to build the new Ford Explorer, along with 1,000 people in Michigan to make electric car batteries.
Merck(MRK Quote) announced a new restructuring program on Feb. 16, expecting to reduce its workforce by 15% by the end of 2012. The company currently employs 100,000 workers.
Merck said it is “committed to achieving” its previously announced savings target of $3.5 billion in 2012.
Boston Scientific (BSX Quote) announced on Feb. 10 that it plans to lay off as much as 10% of its work force in an effort to cut costs.
The news came after the medical device company forecast 2010 profit and sales below analysts’ expectations.
Boston Scientific will cut between 1,000 and 1,300 jobs, a move it says will trim 5.5% to 7% off its annual expenses.
It will eliminate its international headquarters and consolidate other departments.