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Ford Adds To Holiday Shutdown At 10 Plants

Posted: 12/17/2008 - Ford says it will shut down 10 of its North American assembly plants for an extra week in January due to the slumping U.S. auto market.

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Manhattan Plant To Lay Off Workers

Updated: 12/17/2008 - Parker Hannifin Corp. will be laying off 46 workers at its Manhattan, industrial rubber hose plant.

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More Layoffs In Publishing: This Time At Macmillan

Posted: 12/15/2008 - Another book publisher is cutting jobs: Macmillan, where authors include Thomas Friedman, Rick Atkinson and Janet Evanovich, is eliminating 64 positions, just under 4% of its work force.

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KB Toys Files For Bankruptcy Protection

Posted: 12/11/2008 - KB Toys has filed for bankruptcy protection for the second time in four years, joining fellow retailers Linens N Things and Steve & Barry's in seeking Chapter 11 protection amid weak sales linked to the economic recession.

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Chicago Workers End Sit-In At Closed Factory

Updated: 12/11/2008 - Jubilant workers have left a Chicago factory they had taken over after its owners abruptly closed it, transforming the employees into a nationwide symbol of the plight of labor.

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Ford Execs Say Company Differs From GM, Chrysler

Posted: 12/10/2008 - Ford Motor Co. CEO Alan Mulally and Executive Chairman Bill Ford Jr. say they're confident the company can make it through the recession without relying on the government.

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Sony Cutting 8,000 Jobs Amid Global Downturn

Posted: 12/09/2008 - Sony is slashing 8,000 electronics jobs around the world, or 5% of its global work force in that sector. It's trying to boost the profitability of its core business amid a global downturn.

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GM Executive Supports 'Car Czar' Proposition

Posted: 12/09/2008 - A top-ranking General Motors executive is welcoming the proposition of a "car czar" to look after a restructuring of his industry with federal taxpayer dollars.

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Analyst Predicts Job Cuts For Sprint

Posted: 12/08/2008 - A Wall Street analyst predicts that Sprint Nextel will announce "significant" job cuts next month in a move to reduce "its bloated cost structure."

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Reports: Tribune Co. Weighing Bankruptcy Filing

Posted: 12/08/2008 - Tribune Co., owner of the Los Angeles Times and Chicago Tribune, other newspapers and the Chicago Cubs and Wrigley Field, has reportedly hired financial advisers ahead of a possible filing for bankruptcy-court protection.

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Congressional Analysts: Auto Aid Plan Falls Short

Posted: 12/04/2008 - Congressional officials say an auto bailout plan to tap fuel-efficiency loans for emergency aid to the Big Three doesn't come close to covering the $34 billion carmakers say they need to survive.

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CEO Says Pay, Cost Cuts Will Keep YRC Going

Posted: 12/04/2008 - The CEO of Overland Park-based YRC Worldwide says he expects a proposed union wage reduction and other planned cuts are "more than enough to ride out the economic downturn."

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Pratt & Whitney To Lay Off 350 Employees

Posted: 12/03/2008 - A Pratt & Whitney spokeswoman says the jet-engine manufacturer is laying off about 350 salaried employees across the country, with most of the cuts coming in Connecticut.

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