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  Institute of Industrial Relations Library
   Labor and Employment Weblog
   University of California, Berkeley
Updated 2/2/2004; 1:34:31 PM

Tuesday, January 06, 2004

Small exporters laying off staff as New Zealand dollar rises against the US dollar. Companies had laid off staff in the last few weeks and others had extended holidays and reduced working hours to stay afloat.  [The New Zealand Herald: Business]
4:33:18 PM    comment []

Parmalat woes hit Brazil farmers. Dairy producers are to have crisis talks with the government amid fears that the food giant's insolvency could affect milk prices. [BBC News | World | Americas | UK Edition]
4:30:28 PM    comment []

Fannie May plant to close  Archibald Candy Corp. confirmed Monday that it will close its 70-year-old Chicago Fannie May and Fanny Farmer plant -- costing roughly 625 workers their jobs -- and said it is in final negotiations to sell the candy businesses to an undisclosed buyer. [Chicago Sun-Times: Business]
4:29:45 PM    comment []

2003 Was Uganda Economy's Toughest Year In the year just ended, most months recorded double digit inflation. Inflation hit an all-time high since 1992 with most months recording double digit inflation. The depreciation of the shilling was exceptionally high, reaching an average of Ush2,000 against the US dollar, while exports like coffee performed poorly.  [The East African: Business]
4:22:41 PM    comment []

Kenya's Economy Likely to Improve in2004 KENYA'S ECONOMY, which has been performing poorly for the past 10 years, is expected to do much better in 2004. While the tourism sector remains uncertain due to continued travel warnings issued against Kenya by the US on account of terrorism fears, a rejuvenated building and construction sector is beginning to show evidence of regeneration.  [The East African: Business]
4:22:09 PM    comment []

Commerzbank staff lose pensions. Germany's third-largest bank decides to end pension schemes for as many as 24,000 of its staff, prompting union anger. [BBC News | Europe | World Edition]
4:20:34 PM    comment []

Services Growth Slows, Job Outlook Steady (Reuters). Reuters - The giant U.S. services sector grew for the ninth straight month in December but the pace of expansion slowed, a report showed on Tuesday, confounding economists who expected a greater increase. [Yahoo! News - Business]
4:18:53 PM    comment []

UK service sector growth cooling. Britain's key services sector cooled slightly in December, however companies remain upbeat about their prospects [BBC News | Business | Economy | World Edition]
4:12:08 PM    comment []

South Asia ministers sign free trade agreement. The agreement to reduce or eliminate tariffs by the seven nations of the South Asian Association for Regional Cooperation is to come into force from the start of 2006, but its success hinges on peace moves by India and Pakistan, its biggest members. SAARC's developing states -- Pakistan, India and Sri Lanka -- will cut tariffs to between zero and five percent within seven years of the start of the agreement.  The News, Left-wing daily of Karachi, Pakistan [Breaking News Headlines from Around the World, Powered by Worldpress.org]
4:10:40 PM    comment []

230 jobs will be lost in Albany GA textile-mill closing Flint River Textiles, a 95-year-old Albany fabric company, will be closed down in March, putting its 230 employees out of work. President Philip McArdle said the company was unable to compete with cheap Asian textiles that have flooded the market in recent years. Flint River's sales have dropped 40 percent since 2000.  [Miami Herald: Business]
4:09:03 PM    comment []

EarthLink Cutting Another 1,300 Jobs EarthLink Inc. is cutting another 1,300 jobs, or 40 percent of its work force, and outsourcing the work of some of its call centers to other companies as part of a major restructuring that started a year ago. [Miami Herald: Business]
4:07:50 PM    comment []

Orders to U.S. Factories Fall 1.4 Percent (AP). AP - Orders to U.S. factories, after posting two months of solid increases, fell by 1.4 percent in November, the biggest decline in seven months. But analysts viewed the drop as a temporary blip in what has been an improving picture for American manufacturers. [Yahoo! News - Business]
3:50:57 PM    comment []

Bush to propose law changes to allow Mexican workers in U.S.  President Bush is proposing that foreign workers be allowed to come to the United States if they have jobs waiting for them - a move that could help repair relations with Mexico and capture Latino voters in this year's election. [Miami Herald: Business]
3:43:57 PM    comment []


Copyright 2004 Janice Kimball