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3/7/03
Neon Systems Inc., Sugar Land, Texas, said its chief executive
and president, Louis Woodhill, has resigned his executive posts and
board seat, and that it has cut 26% of its work force. The company
recently employed about 120 staff members.
3/7/03
Furniture maker Ethan Allen Interiors Inc. shut
down three plants in New York, Massachusetts and Pennsylvania so that
it could "consolidate" its operations into more efficient
plants, laying off 584 workers in the process.
3/7/03
The unemployment rate rose to 5.8% last month as businesses
eliminated 308,000 jobs, the steepest cuts since the 2001 recession.
3/6/03
EBay Inc. plans to shut down its Half.com Web site
next year, and the head of Half.com will leave the company, closing
an independent site for book, music and video sales that eBay once
hoped would compete fiercely against Amazon.com Inc.
Half.com's
roughly 65 employees in the Philadelphia area will be offered jobs
in other parts of eBay.
3/6/03
United Airlines is laying off another 900 flight attendants
next month because it continues to bleed cash. Earlier this week,
the carrier reported a $382 million loss for January, its first full
calendar month in bankruptcy. United blamed the economy for the new
job cuts, and said it has a surplus of flight attendants based on
current service. A spokesman said United would seek volunteers for
the layoffs, which take effect April 1. Under the furlough program,
workers will be laid off but can be recalled.
3/6/03
Fast-Chip Inc. is the latest casualty of the network processor
market, as the company has laid off most of its employees and is putting
its assets up for sale. The company had undergone recent layoffs that
halved headcount, to roughly 30, and has now trimmed staff to "about
a dozen" to make the final arrangements.
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