Layoffs - Page 2 of 2 - THE RIDGEWOOD BLOG.

Posted on March 19, 2020 March 29, 2020

67 Million Americans Anticipate Trouble Paying Credit Card Bills Due to Coronavirus

the staff of the Ridgewood blog

Ridgewood NJ, Around 67 million Americans think they will have trouble paying their credit card bills due to coronavirus, according to WalletHub’s new Coronavirus Money Survey, released today. This survey, which follows WalletHub’s report on the States Most Aggressive Against the Coronavirus, illustrates some of the ways in which COVID-19 has impacted Americans’ lives and spending habits.

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Posted on January 23, 2020 January 22, 2020

Landmark Toys ‘R’ Us Employee Severance Bill Becomes Law

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the staff of the Ridgewood blog

Trenton NJ, Landmark legislation signed into law by Governor Phil Murphy, the law, S-3170, makes New Jersey the first state in the country to guarantee severance pay in the wake of mass layoffs.

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Posted on February 5, 2019 February 4, 2019

NJBIA President Calls Murphy’s Minimum Wage Law Irresponsible

the staff of the Ridgewood blog

New Jersey Business and Industry Association President and CEO Michele N. Siekerka issued the following statement regarding the $15 Minimum Wage law signed by Governor Murphy today.

“After calling for a responsible, slow and predictive pathway to increasing the minimum wage, we are disappointed that our policymakers have put into place a plan that will result in a 35 percent cost increase to New Jersey’s small businesses, when including the increased wage and payroll taxes, within just 11 months.

Posted on February 5, 2019 February 4, 2019

Senator Anthony Bucco Warns Murphy’s Minimum Wage Law will lead to Layoffs and Automation

the staff of the Ridgewood blog

Trenton NJ, Senator Anthony Bucco said a law signed by Governor Phil Murphy today to raise the minimum wage in New Jersey from $8.85 to $15 per hour will force small business owners to make tough choices about staffing levels and the adoption of labor-replacing technologies.

“As a small business owner, I understand how difficult it is to maintain employees’ jobs and benefits when we’re constantly faced with new taxes and expensive mandates from the State,” said Bucco (R-25). “I have no doubt that the huge costs being forced on employers by Governor Murphy and the Democratic legislature will lead to reduced hours for workers, layoffs, and the faster adoption of automation technologies that already are driving workforce reductions in many industries.”

Posted on November 13, 2018 November 12, 2018

Newark Airport Workers Who Won Wage Increase Now Face layoffs

the staff of the Ridgewood blog

Newark NJ, Workers set to receive a hard-won wage increase at Newark Liberty International Airport now face layoffs and reassignments thanks to new contractor, United Ground Express (UGE).
800 workers who provide critical services – ticket agents, security, wheelchair attendants, cabin cleaners and baggage handlers – received layoff notices just before the Port Authority of New York and New Jersey approved an historic phase in of a $19 minimum wage in September.

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Posted on January 20, 2018 January 19, 2018

US Jobless claims drop to lowest level in nearly 45 years

January 19,2017
the staff of the Ridgewood blog

Washington DC,the Trump Bump has turned into the Trump Jump. The US Jobless claims drop to lowest level in nearly 45 years .The Washington Examiner reports that “new applications for unemployment insurance benefits plunged by 41,000 to 220,000 in the second week of 2018, the Labor Department reported Thursday”—the lowest level they’ve reached in nearly 45 years. “Low jobless claims are a good sign because they suggest that layoffs are relatively scarce,” Joseph Lawler writes.

According to Federal Reserve data reported by Bloomberg, “U.S. factory production rose for a fourth straight month in December, capping the strongest quarter since 2010 and underscoring a resurgence in manufacturing that’s primed for further advances.” What’s driving the uptick? “Stronger consumer spending, increased business investment and more shipments of merchandise to overseas customers are providing plenty of fuel for the nation’s producers,” Katia Dmitrieva writes.

Christopher Buskirk writes in USA Today that President Donald J. Trump’s first year in office has been a story of promises kept. “By every measure of personal and national prosperity, the nation is better off than it was a year ago, and it’s thanks to the integrity of our leader,” Buskirk writes.

Posted on November 22, 2017 November 22, 2017

Bergen County Becomes the first County in the State of New Jersey to adopt a $15 minimum wage

November 24,2017
the staff of the Ridgewood blog

Hackensack NJ, Bergen County Executive Jim Tedesco , “This afternoon I was joined by my colleagues on the Bergen County Board of Chosen Freeholders, along with representatives from USUW 755, USUW 655, and the Executive Director of New Jersey Working Families Analilia Mejia, to announce and sign Executive Order No. 2017-01, officially making Bergen County the first county in the state of New Jersey to adopt a $15 minimum wage for its full time county workers.

Good people are essential to good government, and good managers understand that their employees need to be valued. County employees who put in 40 hours or more every week, in service to their friends and neighbors throughout Bergen County, deserve and have earned a $15 minimum wage. It is important to me that we do this for our workers in time for holidays.”

While the reality is most employers cannot simply raise prices to cover the higher minimum wage, particularly in the competitive services sector. … But a preponderance of evidence has shown that there are no positive effects on employment of low-skilled workers that offset the negative effects from an increase in the minimum wage.

Look for more automation , layoffs , business closings ,less full time work and even less opportunities for starter jobs in Bergen county.

Posted on February 23, 2017 February 22, 2017

Reader says for North Jersey Media Group “mass layoffs are imminent”

file photo by Boyd Loving

North Jersey Media Group, which publishes The Record and the Herald News, announced last month that 141 employees will receive layoff notices. The company reported the layoffs on its website, NorthJersey.com. North Jersey Media Group announced last year that 426 employees will receive notices required by New Jersey state law when “mass layoffs are imminent.

Posted on July 17, 2014 July 17, 2014

Microsoft to cut up to 18,000 jobs over next year

Microsoft to cut up to 18,000 jobs over next year

Microsoft confirmed it will cut up to 18,000 jobs over the next year, part of the tech titan’s efforts to streamline its business under new CEO Satya Nadella.

In a statement released Thursday, Microsoft says about 12,500 of the professional and factory positions will be cut as part of its $7.2 billion acquisition of Nokia’s handset business, which the company closed in April.

“My promise to you is that we will go through this process in the most thoughtful and transparent way possible,” said Nadella in a memo to employees.

Nadella, who replaced Steve Ballmer in February, says the “vast majority” of employees affected by layoffs will be notified within the next six months. They will also earn severance and job transition help in many locations. All cuts will be completed by next June.

The layoffs by Microsoft — which employs 125,000 people — are the company’s largest ever. The acquisition of Nokia’s handset business in April added 25,000 people to Microsoft’s payroll.

https://www.usatoday.com/story/tech/2014/07/17/microsoft-job-cuts/12772901/