International Paper layoffs: International Paper closes three state factories and lay off 1600 employees
News on October 22, the world’s largest carton material provider: The International Paper Company (International Paper), announced to lay off 1,600 employees to adapt to the rapidly shrinking market demand. 1600 post is equivalent to 3% of the total number of International Paper.
In addition, the compnay now employs approximately 57000 employees. The International Paper is shutting down the state factories in Oregon, Louisiana and Virginia. Moreover, an idleOklahoma plant will be permanently shut down.The above actions will allow International Paper’s production capacity dropped by about 13%.
Power Consumption in China in September
China’s power consumption continues to increase in September, 2009
News on October 15: China’s power consumption in September continued to increase in a faster increasing rate, according to China’s National Energy Administration (NEA) on Thursday. Power consumption in September rose 10.24 percent from the same month last year to 322.41 billion kilowatt hours last month. The increasing rate was 2 percentage points up from that of August. Accumulative power consumption in the first nine months topped 2.66 trillion kilowatt hours, an increase of 1.4 percent over the same period last year. In the first three quarters, power consumption of the primary industry which covers agriculture, animal husbandry and fishery, added 6.35 percent from a year earlier to 72.5 billion kilowatt hours.
Dell layoffs: Dell announced to close a desktop manufacturing plant and lay off 905 people
The Computer maker Dell on Wednesday (October 7) announced that it would close in South Carolina Winston-Salem plant and therefore, the company would lay off 905 employees.
The company said the plant’s 600 workers would be laid off in November, and the remaining 305 will be laid off in January 2010. The plant plans to shut down the factory in January next year. The layoffs account for about 1% of the total number of Dell’s 78,900 employees.
Frank Miller, vice president of Dell, said in a statement, this is a difficult decision, especially for our colleagues in North Carolina especially. However, the decision for Dell’s customers and our company is a necessary decision. Where our team has been very hard. We have an obligation through their transition to help them.
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