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Business in the Burbs

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Archive for the 'Layoffs' Category

Printing company to close Mount Vernon plant

July
20

A commercial printing company is closing a plant in Mount Vernon and eliminating 81 jobs, according to the New York State Department of Labor.

Jetline LLC has given no offical date for closing the plant at 30 Warren Place, but is expected to begin cutting the jobs around Oct. 1, according to information that the company filed with the labor department.

Company managers did not respond to repeated requests for comment from The Journal News.

The company, which also has done business as Gemini Manufacturing, has specialized in printing brochures, magazines, catalogs and promotional items.

Posted by Jay Loomis on Monday, July 20th, 2009 at 3:33 pm |
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Fujifilm to close plant near Albany

April
2

Fujifilm U.S.A. Inc. is pushing ahead with plans to close a color processing plant in the Albany area that employs 193 workers.

The Japanese-based film giant, whose U.S. operations are based in Valhalla, filed the notice of the plant closing today with the New York State Department of Labor. The plant closing comes at a time when the company has faced sharp declines in its traditional film business as a result of consumers shifting their picture taking from film-based cameras to digital cameras.

The plant is expected to close by July 1.

“Fujifilm has for some time been consolidating wholesale photofinishing operations due to the shift from film processing to digital imaging,” the company said in an e-mail statement. “As this market-wide transition continues to take place, we are able to meet our customers’ needs more efficiently with fewer, strategically located facilities.”

Fujifilm has operated the plant in the Albany suburb of East Greenbush for nearly a decade, according to the Associated Press.

Morningstar said that the outlook for Fujifilm is “dim,” partly because the company has lagged behind the competition in develpoing the digital camera market as the successor to its film franchise.

“With tough industry conditions and no clear strategy of how to address them, it’s no surprise that Fuji’s imaging business is faltering,” a Morningstar research report said.

Fujifilm did not respond to requests for additional comment.

Posted by Jay Loomis on Thursday, April 2nd, 2009 at 4:07 pm |
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WellPoint to eliminate 1,500 jobs in 26 states, including New York

January
16

Health insurer WellPoint Inc. said it will eliminate 1,500 jobs in New York and 25 other states as it copes with a slow economy.

The Indianapolis-based company, the parent of Empire Blue Cross Blue Shield, the largest health insurer in New York, said that it anticipates taking a $24 million charge in the fourth quarter to cover the costs of the restructuring.

Cheryl Leamon, a company spokeswoman said the company was not releasing specifics on the number of cuts in each state.

WellPoint said the restucturing will involve the elimination of more than 900 open positions and the layoff of 600 additional workers who are elibible for severance pay and outplacement assistance. The cuts represent about 2 percent of the company’s workforce of 42,000 employees.

Posted by Jay Loomis on Friday, January 16th, 2009 at 3:15 pm |
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XTL Biopharmaceuticals in Rockland to cut 9 jobs

December
10

XTL Biopharmaceuticals Ltd., a small biotech company in Valley Cottage, said it would eliminate nine jobs after a setback involving a key product.

The cutbacks, which represent three-quarters of the company’s work force, come after the failure of a clinical trial for bicifadine, a treatment for nerve pain associated with diabetes. The company said last month that the study comparing the effectiveness of two doses of bicifadine against a placebo failed to meet its primary goals.

XTL said the next step is a restructuring that could involve seeking a potential merger partner, liquidating the company or selling its assets.

Posted by Jay Loomis on Wednesday, December 10th, 2008 at 5:06 pm |
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The Journal News cuts 12 jobs amid ad slowdown

August
14

The Journal News cut 12 jobs today citing further erosion in ad revenue from retail, housing, automotive and employment sectors of the economy.

The cuts were part of a larger plan by the newspaper’s parent company, Gannett Co. Inc., to eliminate 1,000 jobs across the company’s 84 news properties in its Community Publishing division, which includes The Journal News and LoHud.com.

The number of positions eliminated at each newspaper was determined locally, McLean, Va.-based Gannett said.

Posted by David Schepp on Thursday, August 14th, 2008 at 4:36 pm |
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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