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USA, Job Cut Timeline Saturday, October 11     Author
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US jobless rate at four-year high
World News World Job Cut (37) USA (204) Business (179) Job Cut
2007 (5) 2006 (2) 2005 (3) 2004 (1) 2002 (4) 2001 (4)
   U. S. Midwest (7)
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US jobless rate near 5-year high
Sep.5
  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 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 Chrysler to cut 10,000 jobs in US
  Detroit: 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 Mortgage lender Countrywide slashes jobs
  California: Chief Executive Angelo Mozilo: Countrywide Financial was being forced to cut up to 12,000 jobs, 1/5 of its staff
Feb.14 DaimlerChrysler cuts 13,000 jobs
   Germany: The German-US group would close one Chrysler factory as it continues efforts to turn around the struggling US operation
Jan.25 Ford hit by record $12.7bn loss
  Detroit: 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 Ford 'wants to cut 75,000 jobs'  Detroit: United Auto Workers: Ford planned to offer the workers voluntary redundancy or early retirement Jan.23 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 Car giant GM to cut 30,000 staff  Detroit: General Motors is to cut 30,000 jobs in N. America under a restructuring drive that aims to revive the company Jul.19 Hewlett-Packard cuts 14,500 staff
  San Francisco Bay Area: HP is to lay off about 10% of its workers over the next 18 months as part of its long-awaited restructuring Jun.7 GM to cut 25,000 jobs by '08  Detroit: General Motors is closing a number of plants, CEO Rick Wagoner told shareholders

year 2004 Top ^

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

year 2002 Top ^

May.3 Joblessness hits eight-year high  Unemployment hit 6% in April, its highest level since 1994. The increase was worse than expected Mar.8 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 Ford to cut 20,000 job
  5 plants in North America to be closed

year 2001 Top ^

Dec.18 Motorola to cut 9,400 jobs  Telecoms equipment maker will close down more chip making factories Sep.19 Airlines slash thousands of jobs  American Airlines and United Airlines are laying off 40,000 because of declining traffic since suicide attacks Sep.18 Boeing slashing up to 30,000 jobs
  Seattle: Aviation industry asked for $24bn as financial rescue package Jan.29 DaimlerChrysler to cut 26,000 jobs
  Detroit: Company to idle 6 plants at money-losing North American unit



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