Weak demand and rising crude prices lead to another refinery closing; 550 workers let go
With fuel demand week, refineries shutting down New Era Cap Co. closing some facilities, consolidating others; Economy to blame
New Era Cap Co. going from 3 plants to 1 BUFFALO, N.Y. — New Era Cap Co., which supplies Major League baseball players and celebrities, said Thursday that low consumer demand is forcing the consolidation of its U.S. manufacturing operations from three plants into one. AP says 90 layoffs this week bring the news agency to its goal of a 10 percent payroll cut
AP says 90 layoffs this week reach payroll goal AOL says it plans to cut a third of staff after split with Time Warner
AOL to cut a third of staff NEW YORK — AOL LLC, an Internet company struggling to adapt to an advertising-driven economy, is looking to shed more than a third of its work force as it prepares to spin off from Time Warner Inc. next month. |
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