| Feb 16, 2009 |
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| Industries in this issue |
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| Citing slow sales of business aircraft, Canadian aircraft maker Bombardier will reduce output of its Learjet and Challenger models. As a result, Bombardier will cut 1,010 temporary employees and 350 full-time staff members. |
| Candidates: 1,360 |
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| General Motors, the largest U.S. automaker, will eliminate 10,000 salaried jobs worldwide, reduce pay of executives by 10 percent, and reduce other salaried employees' earnings between 3 and 7 percent. GM is taking measures to ensure it retains government loans. |
| Candidates: 10,000 |
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| Japanese automaker Nissan will cut 20,000 jobs between March 2009 and March 2010 in response to the global drop in car sales. Job cuts, which represent 8.5 percent of Nissan's workforce, will be worldwide. |
| Candidates: 20,000 |
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| Swiss bank UBS will eliminate another 2,000 investment banking jobs as it struggles with record losses. UBS has also suspended its dividend. |
| Candidates: 2,000 |
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| Time Warner Cable, the No. 2 cable services provider in the U.S., will cut 1,250 jobs this year. The company posted a fourth-quarter profit, and expects 2009 to be profitable as well. |
| Candidates: 1,250 |
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| Electronics maker Panasonic, hit hard by the recession, will cut 15,000 jobs. Half the job cuts will take place at plants in Japan; the other half will come from reduction of the company's global workforce. |
| Candidates: 15,000 |
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| Japanese electronics maker Pioneer will eliminate 10,000 jobs as it faces record annual losses. The company will also discontinue making flat-panel televisions. |
| Candidates: 10,000 |
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| The University of Chicago Medical Center has cut 450 jobs in order to reduce expenses. The cuts represent about 5 percent of the hospital's workers. |
| Candidates: 450 |
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| After one of the worst holiday seasons ever, cosmetics and perfume maker Estee Lauder has announced a four-year restructuring plan that includes staff reductions. Approximately 2,000 jobs will be cut over the next two years. |
| Candidates: 2,000 |
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| KV Pharmaceutical, a maker of both branded and generic drugs that has been facing manufacturing issues and class-action lawsuits, halted production and sales last month. The company has now announced it will cut about 700 jobs. |
| Candidates: 700 |
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| The decline in consumer spending has taken a toll on sales at department store chain Macy's. The retailer is slashing 7,000 jobs, eliminating executive salary increases for 2009, reducing the amount of its 401(k) contribution, and cutting its dividend. |
| Candidates: 7,000 |
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| Wal-Mart, the world's largest retailer and the largest private employer in the United States, will eliminate 700 to 800 jobs at its corporate headquarters in Bentonville, Ark. The company will also open fewer stores this year. |
| Candidates: 800 |
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| As part of a plan to trim expenses, banking giant PNC will reduce its workforce by about 10 percent. The job cuts include about 4,000 previously announced by National City. PNC agreed to acquire National City last October; the deal closed in January. |
| Candidates: 5,800 |
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| FedEx Freight, a unit of FedEx Corporation specializing in less-than-truckload transport, will eliminate about 900 jobs across 130 facilities. The company cites unprecedented economic conditions as a reason for the staff cuts. |
| Candidates: 900 |
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