Unisys Plans 1,800 Job Cuts

Unisys shares were down as much as 8 percent in early trading after the Blue Bell-based computer service company’s chief executive, Peter Altabef, told investors sales were down 5 percent in the past three months, due largely to weaker foreign revenues as the U.S. dollar strengthened.

The company plans an 8 percent “worldwide” reduction in its workforce, which totalled 23,000 last year. Severance and restructuring will cost $300 million, resulting in $200 million in yearly savings, the company added.

Read more at http://www.philly.com/philly/blogs/inq-phillydeals/Unisys-plans-2000-job-cuts.html#Tv2iHY82ZSyg8f73.99

PPG Axes 1,700 Jobs As Part Of Global Restructuring

DSC01801PPG Industries Inc. is trimming 4 percent of its global workforce as the world’s largest paint and coatings company tries to reduce costs related to a spate of recent acquisitions.

The Downtown-based company said it was cutting 1,700 jobs as part of a restructuring that also includes reducing production capacity. About 40 of PPG’s 2,500-person workforce in Pittsburgh will lose jobs, the company said.

PPG is aiming to achieve $100 million to $105 million in annual pretax savings by 2017 from the restructuring. Further details of the capacity reductions were not available, the company said.

PPG spent about $2.4 billion buying companies last year, part of a long-term strategy to grow through acquisitions.

Read more: http://triblive.com/business/headlines/8177530-74/million-share-ppg#ixzz3XUlxVMxb
Follow us: @triblive on Twitter | triblive on Facebook

Gas Industry’s Pain Ripples Across Western Pennsylvania

Lunch crowds in the Hardwood Cafe used to be packed with dozens of workers from the natural gas industry.

A lot of them were regulars. Lately, some familiar faces have disappeared.

“I would say it was right after the holidays that a lot of them were not coming back,” said Justin Trainor, who owns the restaurant in Penn. “The servers would say, ‘Oh, I haven’t seen so and so,’ and (the gas workers) would say, ‘Oh, they didn’t bring them back.’ ”

The falloff in customers has put a dent in Trainor’s business, which has benefited from the gas industry boom in Western Pennsylvania. But low gas prices have forced companies such as Rex Energy and XTO to pull back on new drilling, and the effects are beginning to ripple throughout the region’s economy.

Read more: http://triblive.com/business/headlines/7817061-74/gas-prices-industry#ixzz3TuGip89T
Follow us: @triblive on Twitter | triblive on Facebook

U.S. Steel Posts Strong Fourth Quarter

U.S. Steel today reported a fourth quarter profit of $275 million, capping its first profitable year since 2008.

The earnings, which amounted to $1.83 per share, topped Wall Street estimates. Sales fell 5 percent to $4.07 billion but also topped estimates.

The news sent U.S. Steel shares higher in after-hours trading.

For all of 2014, the Pittsburgh steel producer reported net income of $102 million, or 69 cents per share, vs. a 2013 loss of $1.65 billion, or $11.37 per share. Sales rose less than 1 percent to $17.51 billion.

Read more: http://www.post-gazette.com/local/city/2015/01/27/U-S-Steel-posts-strong-fourth-quarter/stories/201501270204

U.S. Steel Warns It May Lay Off Almost 2,000

U.S. Steel Corp. said it will curtail production at pipe-making plants in Alabama and Texas and may lay off almost 2,000 workers because of “softening market conditions” in the oil and gas industries.

The Downtown-based steelmaker said late Monday that it would “temporarily adjust operations” at Lone Star Tubular Operations in Texas, Fairfield Tubular Operations in Fairfield, Ala., and Fairfield Works, the primary flat-roll supplier of rounds to Fairfield Tubular Operations.

Read more: http://triblive.com/business/headlines/7645142-74/fairfield-operations-steel#ixzz3PyOuMJ4S
Follow us: @triblive on Twitter | triblive on Facebook

York City Girefighters Laid Off Because Of Budget Cuts Hope To Return

Wednesday was a typical day for York City Firefighter Clifton Frederick IV: He helped install smoke detectors in a house, responded to a medical call and continued to familiarize himself with where equipment is stored at the Vigilant Fire Station.

Then he was laid off.

But he remains hopeful that he will return to the City of York Department of Fire/Rescue Services.

“Eventually, I’ll be back,” the 31-year-old said during the last few hours of his shift on New Year’s Eve.

Read more: http://www.ydr.com/local/ci_27251607/city-firefighters-laid-off-because-budget-cuts-hope

Laflin Council Abolishes Police Force

LAFLIN, PA — The meeting of Laflin Borough Council devolved into chaos Monday night as four council members voted to immediately disband the police department and hire a consultant to liquidate the department’s property.

After hearing impassioned public comment against relying solely on state police to enforce the law in Laflin, a council majority voted to do just that, with Councilman Glen Gubitose the lone opposing vote.

The majority defended the move by saying the borough infrastructure is crumbling and in desperate need of repair after years of neglect. But that didn’t satisfy dozens of residents who showed up to voice their opposition to the move. As council members finished the vote, the room erupted in jeers and boos loud enough to drown out council members for the rest of the meeting.

Residents ordered to quiet down challenged council members to call the police.

Read more: http://citizensvoice.com/news/laflin-council-abolishes-police-force-1.1799795

Lawmakers Seek Support For $29 Million Emergency Aid For Atlantic City

New Jersey members of Congress appealed Tuesday to U.S. Labor Secretary Thomas Perez to support a $29 million National Emergency Grant request to help workers left unemployed by recent casino closings in Atlantic City.

In a letter sent by Republican U.S. Rep. Frank LoBiondo and Democratic U.S. Sen. Cory Booker, Perez was urged to support the “Atlantic City Re-Employment Initiative” proposal to fund employer-driven training programs.

The state Department of Labor and Workforce Development filed the application for the National Emergency Grant late last month to address the needs of 8,000 workers left without jobs after recent closings of Revel, Showboat and Trump Plaza casinos and the earlier closing of the Atlantic Club.

Read more at http://www.philly.com/philly/news/20141203_Lawmakers_seek_support_for__29_million_emergency_aid_for_AC.html#kwupXQI6hZxVI5St.99

York City Budget: Parties Scramble To Find Solutions

Map of Pennsylvania highlighting York County

Map of Pennsylvania highlighting York County (Photo credit: Wikipedia)

York’s budget woes have set off a scramble to find ways to save positions in the departments that could face the deepest losses — police and fire — and triggered a whirlwind of questions about what would happen to the city if a balanced budget can come only at the cost of cutting public safety personnel.

Mayor Kim Bracey‘s budget, which she introduced Tuesday, would cut 46 positions in the police department and eight fire-fighting jobs, and would cut the city’s work force from 412 employees in 2014 to 315 next year, documents show. Bracey said she was faced with few options and asked community partners, legislators and the county for outside help.

As of Friday, “no one has knocked on the door,” she said.

She has called for union concessions. Bracey said she will meet with fire union President Fred Desantis on Monday, and the city already is in negotiations with the Fraternal Order of Police. Police union president Mike Davis said he is “committed” to reaching an agreement before the end of the year.

Read more: http://www.ydr.com/local/ci_26992449/york-city-budget-parties-scramble-find-solutions

Higher Property Taxes In Westmoreland County Ruled Out Despite $15M Budget Gap

Map of Pennsylvania highlighting Westmoreland ...

Map of Pennsylvania highlighting Westmoreland County (Photo credit: Wikipedia)

Westmoreland County commissioners said Thursday that there won’t be a property tax increase next year despite a projected deficit of $15 million.

Commissioners revealed a preliminary $340 million budget for 2015 that anticipates declines in revenue and increases in proposed expenses, offset by dipping into the county’s surplus.

If enacted, the budget proposal would deplete the surplus fund to $10.7 million.

The surplus fund should end this year at $25 million.

Read more: http://triblive.com/news/westmoreland/7200570-74/million-budget-county#ixzz3JjUBjx9a
Follow us: @triblive on Twitter | triblive on Facebook

York Budget: Backlash Against Proposal Begins

Map of Pennsylvania highlighting York County

Map of Pennsylvania highlighting York County (Photo credit: Wikipedia)

Hours after York Mayor Kim Bracey outlined her proposal to dramatically reduce the city’s work force, including deep cuts to public safety forces, in order to close an anticipated $7 million budget gap, public backlash began.

“I’m ashamed for the city,” said James Waughtel during public comment at a City Council meeting Tuesday night, calling the potential loss of police and fire personnel “extremely devastating.”

Read more from Tuesday night’s City Council meeting.

Members of the fire union also lined the council chambers to listen as Bracey presented her plan to council members.

Read more: http://www.ydr.com/politics/ci_26971075/york-budget-backlash-against-proposal-begins

West Hazleton No Longer In ‘Distressed Municipality’ Status

Map of Pennsylvania highlighting Luzerne County

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

WEST HAZLETON — The state has rescinded the borough’s status as a distressed municipality. But while the borough has significantly improved finances since 2003, it’s not out of the woods yet.

State Department of Community and Economic Development Secretary C. Alan Walker determined that West Hazleton’s distressed status would be rescinded after a review of audits and financial data and the record from a public hearing on June 3, Gov. Tom Corbett’s office announced Thursday in a news release.

The hearing officer’s report revealed that in 2013, the borough had a $5,423 budget surplus, that finances were stable, and that the borough has the tools to make the decisions necessary to maintain responsible budgets, meet its obligations to vendors and creditors, and provide essential services to residents.

Read more:

Casino Closings Wipe $2 Billion From Atlantic City Property-Tax Values

English: Picture of the Tropicana from the Boa...

English: Picture of the Tropicana from the Boardwalk. (Photo credit: Wikipedia)

The closure of three Atlantic City casinos by mid-September will wipe $2 billion from the city’s property-tax values next year, exacerbating the already cash-strapped city’s financial plight, Mayor Don Guardian warned Tuesday.

By 2017, Guardian said on a conference call to discuss Atlantic City’s way forward as a tourism center following the rout of its casino industry, property values are expected to have fallen to as little as $7.5 billion from $20 billion five years ago.

In the short term, Guardian said the New Jersey Department of Community Affairs has made money “available for some bridge loans to make sure that the city continues functioning with this year’s budget because of any concern that we might have that a casino’s closing, going bankrupt might hold off payments.”

Read more at http://www.philly.com/philly/business/20140827_Casino_closings_wipe__2B_from_Atlantic_City_property-tax_values.html#9bAf73M2kyMlu0jB.99

Prayers For Atlantic City As Closings, Layoffs Loom

English: Atlantic City (NJ) - The boardwalk in...

English: Atlantic City (NJ) – The boardwalk in a rainy day (Photo credit: Wikipedia)

ATLANTIC CITY – Members of the clergy locked arms as they led a march of about 400 Unite Here Local 54 members in “a prayer vigil for Atlantic City’s service economy” on Wednesday night.

“This is union territory,” the casino workers chanted as they marched along New Jersey Avenue amid car horns honking in support. Many held signs, including Linda Bragg, 56, of Atlantic City, who works at Bally’s. Hers read: “Atlantic City – Broken Promises.”

“We don’t want to be a forgotten town,” she said. “I grew up with all these people. We made millions for the state. It’s really heart-wrenching. A mess.”

The march, on the eve of three planned casino closures, started between the Revel and Showboat casino hotels on the Boardwalk at 6:30 and ended more than an hour later at New Shiloh Baptist Church on Atlantic Avenue. Several pastors and bishops held a prayer service in support of the employees, many of whom are members of their churches.

Read more at http://www.philly.com/philly/business/20140821_Prayers_for_Atlantic_City_as_closings__layoffs_loom.html#OST66wvzBszPrqpJ.99

National Tube Works Shuttered In McKeesport

Map of Pennsylvania highlighting Allegheny County

Map of Pennsylvania highlighting Allegheny County (Photo credit: Wikipedia)

At the last vestige of the old National Tube Works in McKeesport, 117 years of pipemaking came to a quiet end on Friday.

U.S. Steel‘s McKeesport Tubular Operations, an electric resistance weld plant producing standard line pipe, will be “idled indefinitely,” company officials said.

In small groups throughout the day, employees filed out, carrying literal pink slips marking the end of U.S. Steel’s operation there.

Several approached for comment waved off a reporter.

Read more: http://triblive.com/neighborhoods/yourmckeesport/yourmckeesportmore/6624696-74/steel-tubular-mckeesport#ixzz3AZKI3p22
Follow us: @triblive on Twitter | triblive on Facebook

Dick’s Cuts PGA Professionals As Golf Business Declines

Some wedges

Some wedges (Photo credit: Wikipedia)

Dick’s Sporting Goods has laid off hundreds of PGA professionals who provide golf instruction in its stores, underscoring the company’s concern about sagging sales of equipment and accessories as fewer Americans show interest in hitting the links.

The layoffs were not announced by the Findlay-based retailer but were confirmed by the PGA of America, which said Wednesday that 478 of its members were notified by the company that their services were no longer needed.

Dick’s, which operates more than 550 stores nationwide, did not immediately respond to email and phone messages. A PGA spokeswoman said it was disappointed in Dick’s decision and had reached out to the people affected.

“We are extremely disappointed by the news, as any time even one PGA member loses a job, we are extremely sensitive to such matters,” PGA spokeswoman Jamie Carbone said in an email on Wednesday.

Read more: http://triblive.com/business/headlines/6492600-74/pga-dick-golf#ixzz38P2SPLfo
Follow us: @triblive on Twitter | triblive on Facebook

Hundreds Of Perkiomen Valley High School Students Protest Teacher Layoffs

Map of Pennsylvania highlighting Montgomery County

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

COLLEGEVILLE, PA — Hundreds of students streamed out of the front doors of the school in a quiet wave around 8:30 a.m. More than 550 Perkiomen Valley High School students participated in a walk out to protest proposed budget cuts which could mean several teachers would lose their jobs.

Alexa Monteleone spent the morning of her last day of high school on the baseball field taking a stand to try and save her mother’s job.

“It impacted me a lot. (My mom) has been here for so long and she has been so helpful to the school for the past 13 years,” she said about how she felt when she heard her mother could lose her job.

Monteleone’s mother, Maureen, is a para-professional and wears many hats, according to her daughter.

Read more: http://www.timesherald.com/general-news/20140509/hundreds-of-perkiomen-valley-high-school-students-protest-teacher-layoffs

Enhanced by Zemanta

Pottstown School District’s Proposed Budget Cuts 11 Staff, Raises Taxes

The Pottstown School Board introduced the proposed budget for the 2014-15 school year at its Thursday night meeting, May 8, 2014.  For a brief synopsis of the meeting and more information, visit Brandt’s blog Digital Notebook at http://evan-brandt.blogspot.com/.  To see the Storify visit https://storify.com/PottstownNews/of-bushes-and-budgets?utm_source=embed&utm_medium=publisher&utm_campaign=embed-header

Enhanced by Zemanta

Broke Shamokin, Pa., Seeks State Crutch That Few Cast Off

Map of Pennsylvania highlighting Northumberlan...

Map of Pennsylvania highlighting Northumberland County (Photo credit: Wikipedia)

(Reuters) – Shamokin, Pennsylvania, tucked away in the coal country about 120 miles northwest of Philadelphia, has $800,000 of unpaid bills and can’t get a loan from a bank. It’s so broke, the gas service to city hall was temporarily cut off last month.

So the council for the city of 7,000 residents has agreed to seek entry to a state financial oversight program dating from 1987 that facilitates access to credit and permits the levying of certain taxes. Now, though, some lawmakers say the program is more like a trap than a benefit: municipalities get into it, and few get out.

Just seven of the 27 local governments to enter state oversight under the program, known as Act 47, have ever been released from it. As a result, legislators want to cap how long cities can stay under state oversight and, in the hardest cases, impose a municipal death penalty that amounts to disincorporation and a state takeover. The law was passed in a bid to help Pennsylvania cities battered by the decline of the American steel industry in the 1970s and ’80s.

Read more at http://www.philly.com/philly/news/Broke_Shamokin_Pa_seeks_state_crutch_that_few_cast_off.html#CTx13mYx3Q210qd0.99

Enhanced by Zemanta