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North America, Job Cut Timeline Saturday, October 11     Author
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US jobless rate at four-year high
World News Business (415) Job Cut (37) North America
2007 (4) 2006 (2) 2005 (4) 2004 (1) 2002 (4) 2001 (4) 2000
   USA (20)    Canada    UN    California    New York    Washington    U. S. Midwest (7)
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US jobless rate near 5-year high


September 2008 ... more > Top ^

Sep.5   USA
  The unemployment rate has risen to 6.1%, after a higher-than-expected 84,000 jobs were lost last month



August 2008 ... more > Top ^

Aug.1   Washington
  The unemployment rate climbed to 5.7% in July, its highest in more than four years


June 2008 ... more > Top ^

Jun.6   USA US unemployment rate reaches 5.5%
  The rate rose at its fastest pace in more than two decades in May, stoking fears of recession in the world's biggest economy


year 2007 Top ^

Nov.1   Detroit Chrysler to cut 10,000 jobs in US
  The car giant has announced plans to cut at least 10,000 jobs, months after it was bought by a leading private equity firm Sep.7   California Mortgage lender Countrywide slashes jobs
  Chief Executive Angelo Mozilo: Countrywide Financial was being forced to cut up to 12,000 jobs, 1/5 of its staff
Jan.25   Detroit Ford hit by record $12.7bn loss
  Ford has reported the biggest annual loss in the embattled carmaker's 103-year history. Ford has plans to cut 45,000 jobs

year 2006 Top ^

Sep.14   Detroit Ford 'wants to cut 75,000 jobs'  United Auto Workers: Ford planned to offer the workers voluntary redundancy or early retirement Jan.23   USA Ford to cut up to 30,000 jobs  Ford Motor plans to close 14 manufacturing plants in North America as it tries to stem losses

year 2005 Top ^

Nov.21   Detroit Car giant GM to cut 30,000 staff  General Motors is to cut 30,000 jobs in N. America under a restructuring drive that aims to revive the company Oct.5   New Orleans City sacks 3,000 workers  The city is sacking about half of its workforce, after the devastation caused by Hurricane Katrina Jul.19   San Francisco Bay Area Hewlett-Packard cuts 14,500 staff
  HP is to lay off about 10% of its workers over the next 18 months as part of its long-awaited restructuring Jun.7   Detroit GM to cut 25,000 jobs by '08  General Motors is closing a number of plants, CEO Rick Wagoner told shareholders

year 2004 Top ^

Apr.2   San Francisco Bay Area Sun settles with Microsoft, cuts 3,300 job  Struggling server maker reached a sweeping, $1.6 billion settlement and plans to cooperate with its longtime nemesis

year 2002 Top ^

Jun.25   New York WorldCom in accounting trouble, cut jobs
  Troubled telecom firm announces overstatement of financial results, 17,000 job cuts. WorldCom terminated CFO
May.3   USA Joblessness hits eight-year high  Unemployment hit 6% in April, its highest level since 1994. The increase was worse than expected Mar.8   USA Kmart to axe 22,000 jobs  Bankrupt retail giant is to axe jobs in an attempt to return to profitability; it would close 284 stores Jan.10   USA Ford to cut 20,000 job
  5 plants in North America to be closed

year 2001 Top ^

Dec.18   USA Motorola to cut 9,400 jobs  Telecoms equipment maker will close down more chip making factories Sep.19   USA Airlines slash thousands of jobs  American Airlines and United Airlines are laying off 40,000 because of declining traffic since suicide attacks Sep.18   Seattle Boeing slashing up to 30,000 jobs
  Aviation industry asked for $24bn as financial rescue package Sep.15   USA Airlines cut jobs to avoid bankruptcy
  Continental has laid off 12,000, Midway Airlines is laying off 1,700

year 2000 Top ^





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