News: Company layoffs/closings

H&R Block, Inc. | Accounting

H&R Block, the leading tax return preparer in the U.S., will cut 400 jobs and realign its business. The company, which had a disappointing tax season, has also closed approximately 400 underperforming tax offices.
Candidates: 400
Reuters, May 19, 2010


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Diageo plc | Alcoholic Beverages

Diageo, maker of Smirnoff, Johnnie Walker, and Guinness, will eliminate 90 jobs in its U.S. wine division. The company is scaling back the business to cut costs.
Candidates: 90
Bloomberg Businessweek, May 12, 2010


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JVC Kenwood Holdings, Inc. | Audio Equipment

JVC Kenwood Holdings, a company formed by the merger of two audio powerhouses, will eliminate 1,000 jobs or approximately 20 percent of its workforce. Layoffs are expected to occur by the end of October.
Candidates: 1,000
Bloomberg.com, May 14, 2010


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The Royal Bank of Scotland Group plc | Banking

The Royal Bank of Scotland (RBS) will cut an additional 2,600 jobs, mostly in its insurance division. The new layoffs bring the total number of job cuts at RBS to approximately 20,000.
Candidates: 2,600
MarketWatch, May 10, 2010


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Dean Foods Company | Dairy Products

Dean Foods, a leading producer of dairy products, will cut as many as 400 jobs on top of 150 positions it eliminated earlier this year. The job cuts are part of a major restructuring aimed at saving the company $25 million annually. Dean Foods is headquartered in Dallas and operates four facilities in Wisconsin.
Candidates: 400
The Business Journal of Milwaukee, May 11, 2010


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Legg Mason, Inc. | Financial Services

Investment management firm Legg Mason will eliminate 250 jobs in the Baltimore area. The majority of cuts will come when the company shuts down its Owings Mills offices over the next six to 18 months. Investment operations, billing, accounting, and other back office jobs will be affected.
Candidates: 250
The Baltimore Sun, May 10, 2010


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Stanley Furniture Company, Inc. | Furniture Manufacturing

Stanley Furniture, which posted a wider than expected quarterly loss, will cut about 530 jobs at Virginia locations. The job cuts are part of a restructuring plan that includes shifting a majority of the manufacturing of its adult product line to offshore vendors.
Candidates: 530
Reuters, May 12, 2010


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Pfizer Inc. | Pharmaceuticals

Pharmaceutical giant Pfizer, which purchased rival Wyeth last year for $68 billion, plans to lay off or relocate 1,400 New York City employees. The company has also put its Manhattan office tower at 685 Third Avenue up for sale as part of a plan to consolidate operations.
Candidates: 1,400
The New York Times, May 10, 2010


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Pfizer Inc. | Pharmaceuticals

Separately, Pfizer has announced plans to eliminate a total of 6,000 jobs at its 78 manufacturing plants over the next five years. As part of its efforts to consolidate and streamline operations following the purchase of Wyeth last year, Pfizer will close eight plants.
Candidates: 6,000
The New York Times, May 18, 2010