1/24: More comprehensive layoff list for this week: Costar

The following future closings and permanent mass layoffs were reported in California.
· Bank of the West is laying off 46 employees on Jan. 31 at 1977 Saturn St. in Monterey Park.
· Cadence Design Systems Inc. is laying off 84 employees on Feb. 4 at 2655 Seely Ave. in San Jose.
· Centinela Freeman Regional Medical Center is laying off 202 employees on Jan. 31 at 333 No. Prairie in Inglewood.
· Construction Metals Inc. is closing down and laying off 102 employees on Feb. 8 at 12968 Santa Ana Ave. in Fontana.
· Countrywide is laying off 73 employees on Feb. 3 at 8501 and 8511 Fallbrook Ave. in Canoga Park.
· Fresno Bee is laying off 58 employees on Jan. 21 at 1626 E. St. in Fresno.
· Giant Merchandising Inc. is closing down and laying off 120 employees on Feb. 5 at 5655 Union Pacific Ave. in East Los Angeles.
· IAP World Services Inc. started laying off 248 employees on Jan. 18 at 7000 East Ave. in Livermore.
· Kmart Corp. is closing down and laying off 90 employees on Jan. 17 at 1739 S. Victoria Ave. in Ventura.
· Lasco Bathware is laying off 149 employees on Jan. 11 at 3261 and 3255 E. Miraloma Ave in Anaheim.
· Lawrence Livermore National Security LLC started laying off 248 employees on Jan. 18 at 7000 East Ave. in Livermore.
· Long Beach Acceptance Corp. is laying off 135 employees on Feb. 1 at 500 North State College Blvd., Suite 350 in Orange.
· Marvell Semiconductor Inc is laying off 4 employees on Jan. 27 at 890 Glenn Dr. in Folsom, another 4 at 10955 Vista Sorrento Parkway, Suite 200, in San Diego, another 10 at 26880 Aliso Viejo Parkway, Suite 100 in Aliso Viejo, and 51 employees at 5488 Marvell Lane in Santa Clara.
· Oldcastle Precast Inc. is closing down and laying off 33 employees on Jan. 23 at 1495 8th St. in Colton.
· Optical Communication Products Inc. is closing down and laying off 130 employees on Jan. 29 at 6101 Variel Ave. in Woodland Hills.
· Option One Mortgage is laying off 157 employees on Feb. 2 at 6501 Irvine Center Dr. in Irvine and another 160 at 3 Ada in Irvine.
· Reliant Manufacturing LLC is closing down and started laying off 54 employees on Jan. 14 at 7390 Lincoln Way in Garden Grove.
· Resmae Mortgage Corp. started laying off 182 employees on Jan. 5 at 6 Point Dr. in Brea.
· SBMC Mortgage is closing down and laying off 46 employees on Feb. 7 at 14761 Califa St. in Van Nuys.
· Scan Health Plan started laying off 33 employees on Jan. 18 at 1770 Iowa Ave., Suite 110 in Riverside, another 33 employees at 2401 E. Katella Ave., #125 in Anaheim, another 41 at 2501 Cherry Ave., #200 in Los Angeles, another 51 at 3800 Kilroy Airport Way, #100 in Long Beach, and 33 at 500 N. Central Ave., #350 in Glendale.
· Sierra Cedar Products LLC is closing down and laying off 66 employees on Feb. 3 at 1401 Melody Road in Olivehurst.
· Target is closing down and laying off 133 employees on Feb. 2 at 1363 West Henderson Ave. in Porterville.
· The Vons Companies Inc. is closing down and laying off 74 employees on Jan. 27 at 2100 White Lane in Bakersfield.
· Veolia Transportation Services Inc. is laying off 82 employees on Jan. 31 at 14663 Keswick St. in Van Nuys.
· Veolia Transportation Services Inc. is closing down and laying off 82 employees on Jan. 31 at 5733 Sheila St. in Commerce.

The following future closings and permanent mass layoffs were reported in Indiana.
· Atwood is closing down and laying off 152 employees in Elkhart in late February or mid March.
· Colgate Palmolive is closing down and laying off 40 employees at 1410 S. Clark Blvd. in Jeffersonville Feb. 29.
· Hurst Manufacturing is laying off 55 employees at 1551 W. Broadway St. in Princeton on March 3.
· International Automotive Components is laying off 233 employees at 200,000-square-foot at 600 S. Kyle St. in Edinburgh on March 17.
· Macy’s-Washington Square Mall is laying off 103 employees at 10202 E. Washington St., # 300, in Indianapolis on March 1.
· Superior Sample Company, Inc. is closing down and laying off 31 employees at 1225 North State Road 25 in Rochester on March 10.
· Trinity Health is closing down and laying off 158 employees at its Our Lady of Holy Cross Care Center at 7520 S. US Highway 421 in San Pierre on Feb. 29.

The following future closings and permanent mass layoffs were reported in Maryland.
· Chestertown Foods Inc. is laying off 143 employees on Feb. 29 at 27030 Morgnec Road in Chestertown.
· Coca-Cola Enterprises Inc. is laying off 49 employees on March 30 at 1705 N. Market St. in Frederick.
· Genco is laying off 100 employees on March 31 at 8901 Snowden River Parkway – Gateway Commerce Center 20 in Columbia.
· MV Transportation is closing down and laying off 178 employees on March 1 at 4925 Nicholson Court in Kensington.

The following future closings and permanent mass layoffs were reported in Ohio.
· Meijer Stores is closing its stores at 5800 N. Chantry Drive and 775 Georgesville Road in Columbus and 2741 Harshman Road in Dayton laying off 662 employees starting March 11 and concluding by April 26.
· RadioShack will permanently close its distribution center at 4343 Williams Road in Groveport, laying off 69 employees by May 30.
· Toys R Us is closing its distribution center at 375 Distribution Circle in Fairfield, laying off 68 employees by March 21.

Merix Corp. plans to close its leased manufacturing facility in Wood Village, OR, and transition production to its facility in Forest Grove, OR. Merix expects to fully shutdown operations by March 1, with full closure of its Wood Village facility by the summer of 2008. The closure of the facility and other restructuring actions will result in the elimination of approximately 180 positions.

The following future closings and permanent mass layoffs were reported in Texas.
· Goodyear Tire & Rubber is stopping most non-mix functions at its plant at 13701 State Highway 31 West in Tyler with most layoffs being completed by the end of this month.
· Integrated Logistics Inc. is losing its contract with Wal-Mart and will have to layoff 780 employees at its distribution facility at 4554 E. Greenwood Drive in Baytown by the end of next month.

HouseValues Inc. terminated its 36,134-square-foot lease with Chinook Business Park LLC for the entire office/warehouse building at 1700 N. 6th St. in Yakima, WA. The lease was set to run through October 2010 and it has been paying approximately $19,000/month in rent. It assigned its purchase option and leasehold improvements to an unnamed third party for $1.4 million.

The following future closings and permanent mass layoffs were reported in Washington, DC.
· MVM, Inc. at 425 I St. NW is closing down laying off 51 employees by the end of this month.
· Resources for Human Development, Inc. is laying off 20 employees in the District by the end of this month.

1/22: BofA updated layoffs to affect 650

Bank of America is planning further layoffs in its corporate and investment-banking unit, its chief financial officer said during the bank’s earnings conference call Tuesday.

Last week, the bank announced 650 new job reductions in the wake of a strategic review. Since October, the company has announced 3,650 layoffs, but CFO Joe Price said more are to come in BofA’s capital markets and advisory group, which has been hit hardest by the credit crunch.

1/20: Massive layoffs expected in Financial Services

Last year, there were 153,105 financial sector job cuts announced, according to Challenger, compared to 50,327 in 2006.

“In all my years in financial services, I have never seen it this bad,” one high-powered securities industry lawyer told The Post. “I have owners of small firms calling me up saying their liabilities now exceed their assets, which means by law they are required to close down.”

The lawyer said he had two 50-something Wall Street guys call him this week, who, he said, “had lost hope, crying on the phone.”

“It is call after call after call like these,” he said.

Last week was the fourth weekly decline in the widely watched Dow Jones industrial average, which closed Friday at 12,099, dragging it down 8.7 percent so far this year.

John Challenger, CEO of outplacement firm Challenger, Gray & Christmas, predicts more layoffs in the financial services sector in the coming weeks unless Wall Street activity picks up soon.

1/19 Regency Homes layoffs: 26

Regency Homes has dismissed 26 employees as Iowa’s largest home builder attempts to weather a slump that has settled in on the housing industry.

Harold Brandt, hired last month by the West Des Moines contracting firm to serve as its chief restructuring officer, said the cuts reached across the company, from clerical staff to supervisors.

Brandt said the cutbacks came after a review of all operations at Regency, which also builds and manages apartments and operates a commercial construction business.

1/18 Lehman Brothers layoffs: slash 1300 mortgage jobs

Lehman Brothers is slashing 1,300 mortgage jobs and closing three offices of unit Aurora Loan Services, including one in Lake Forest, according to Bloomberg and the LA Times. Aurora makes Alt-A loans, a mid-range credit category. Here’s more from Bloomberg: Lehman, the fourth-largest U.S. securities firm, cut 2,450 jobs last year by shutting its subprime-mortgage unit and shrinking Aurora. The company, led by Chief Executive Officer Richard Fuld, used hedges to avoid the bigger losses reported by some of its competitors. Merrill Lynch & Co. today posted a record loss for the fourth-quarter and reduced the value of subprime-infected assets by $16.7 billion.

1/18 Sallie Mae plans to layoff 350 workers

A $25 billion collapsed buyout offer and higher borrowing costs have prompted Sallie Mae (NYSE:SLM) , the nation’s largest student lender, to lay off about 3 percent of its work force nationwide.

The embattled SLM Corp. said Friday it will slash 350 jobs from an 11,000-worker staff to help cut costs 20 percent by 2010.

1/18 IndyMac layoffs in India 400-450

Independent mortgage lender in the US, IndyMac Bancorp, has decided to cut down staff with its temporary and outsourcing vendors by 27%, mainly in India.

Currently, three service providers in India, Cognizant Technology Solutions, ExlService Holdings and WNS, cater to the ninth-largest American mortgage lender. IndyMac’s move could impact about 400-450 people at the three service providers.

1/16 Bank of America, 650 more layoffs

Bank of America Corp. Wednesday announced plans to eliminate 650 more positions, adding to the 3,000 jobs lost last year.

Last October, the bank, headquartered in Charlotte, N.C., cut 2 percent of its workforce after a 32 percent decrease in third-quarter share earnings, Bizjournals.com reported.

1/15 Novastar Financial to layoff 85% staff

NovaStar Financial also dropped, falling 84 cents, or 29%, to 2.08, on the NYSE, after the mortgage lender said it will lay off 85% of its work force and let its mortgage licenses lapse.

1/9 Citizens Bank to layoff 60

Citizens Republic Bancorp plans to lay off 60 employees who process mortgages for the Flint-based bank. It had announced in December the outsourcing of its mortgage processing and other related services to PHH Mortgage. Most of the affected employees work in Farmington Hills and the job cuts will occur in March, said Brian Smith, a bank spokesman. The company operates 238 offices in Michigan, Ohio, Wisconsin, Indiana and Iowa

1/03 IndyMac Bank and Wells Fargo; Unspecified cuts

IndyMac Bancorp is set to cut a substantial number of jobs today.It’s long been known that the struggling mortgage lender was reducing its headcount by offering employees voluntary severance packages, but now it appears the company must involuntarily trim its workforce.

Wells Fargo.

The Massachusetts Mortgage Association warned yesterday of possible layoffs and reduced mortgage products due to additional lenders scaling back activities here as a result of new regulations.

“I’ve been in this market for 18 years and never seen anything like this,” Denise Leonard, the association’s executive director, said of firms announcing they were either pulling out of the Massachusetts market or curtailing offerings due to new mortgage-related rules that took effect yesterday in the state.

1/2 National City to layoff 900

National City Corp. (NCC 4.68, -0.37, -2.5%) garnered the most attention as its board voted to slash its quarterly dividend in half. The company also said it’s laid off 900 workers and will bolster capital as it becomes the latest to detail its exposure to the subprime-mortgage