Monday, December 8, 2008

3M, Anheuser-Busch announce layoffs



Stocks may be going strong today, but more layoff news coming from companies around the country:
  • Anheuser-Busch InBev announced it would cut about 1,400 U.S. jobs, 6 percent of its domestic workforce, in another round of layoffs following a merger with Belgian company InBev.
  • Dow Chemical Co. will slash 5,000 jobs, about 11 percent of its workforce.
  • 3M (of Post-In Notes and Scotch tape fame) said it will cut about 1,800 jobs in the fourth quarter in the U.S., Europe, and Japan.
  • And while no job cuts were announced, Tribune Company, parent of Chicago Tribune, Los Angeles Times and Chicago Cubs, filed for bankruptcy.
Happy Monday!

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