workforce

The company's labor contract with the union expired on February 15th and hourly employees have been working without a contract since that time.

The UAW represents approximately 230 employees at Conn-Selmer's Eastlake, Ohio brass instrument facility, or 28% of the band segment workforce.

Conn-Selmer, a subsidiary of Steinway Musical Instruments, announced that employees with Local 2359 of the United Auto Workers went on strike this morning at the Company's Eastlake, Ohio manufacturing facility.

More than 900 of the company's 5,000 workers will lose their jobs, Reuters reports. AOL will cut about 400 employees in India, outsource another 300 positions and eliminate 200 jobs in the United States, the story said.

AOL (AOL) slips after Reuters reports that the company will cut about 20% of its global workforce to restructure in a bid to catch up with faster moving rivals, a source close to the company said.

That represents 30% to 40% of the company's U.S. employee base currently at 2,275 workers.

Hutchinson Technology has closed multiple plants and cut hundreds of jobs over the past two years as it lost customers during the recession.

The cuts will be made over the next year and will reduce costs by $45 to $60 million per year.

Hutchinson Technology Inc (NASDAQ:HTCH) said today it would cut between 680 and 900 jobs from its U.S. workforce.

The company's patent portfolio features a solutions that are delivered through its Impact 360 Workforce Optimization suite. According to the company, the 500th patent is a milestone that demonstrates its strength in targeting mark

Shares are up 0.70% to $34.70.

Verint Systems (VRNT) announced today that it has secured its 500th patent and patent application internationally.