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Deschutes Brewery laying off 10% of Workforce

December 26th, 2018 | Leave a comment.

Officials at Deschutes Brewery confirmed reports that 10 percent of it’s workforce was laid off and plans to expand to Roanoke have been pushed back. Source – VirginiaFirst.com Deschutes Brewery, Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. For the average 401k […]

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Verizon to shed 10,400 jobs by mid-2019

December 26th, 2018 | Leave a comment.

Verizon Communications said that about 10,400 employees will be leaving the wireless carrier by the middle of next year as part of the company’s voluntary separation program. As part of the separation program, the employees will get a salary of up to 60 weeks, bonus and benefits, depending on the length of their service, Verizon […]

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Ford To Announce 25,000 Job Cuts

December 5th, 2018 | Leave a comment.

On a day when US and European auto stocks rallied following President Trump’s tweet that China might soon agree to reverse its tariffs on US-made cars, Morgan Stanley has published a report that further justifies the short-term bull case for autos while possibly infuriating President Trump. After Ford successfully spun its latest “restructuring” as a jobs-neutral, union-endorsed shifting of […]

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Bayer to Cut 12,000 Jobs, Exit Vet Unit Amid Drag From Suits

December 5th, 2018 | Leave a comment.

Bayer AG plans to cut 12,000 jobs and exit its animal health business in an effort to mollify Wall Street, which has punished the company over the tidal wave of lawsuits that came alongside the $63 billion takeover of Monsanto Co. Investors remain unconvinced. The shares slumped after the acquisition was announced and closed, and Bayer’s […]

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GM slashing 14,700 jobs in North America; may close 5 factories

December 5th, 2018 | Leave a comment.

DETROIT — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid […]

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