Minnesota Layoffs 2011

While we continue to inch forward at a snails pace with this economic recovery we are still getting news of layoffs. Below are the Minnesota layoff announcements so far this year (2011).

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Announced layoffs:

Smead Manufacturing: 50

• About 50 Smead employees in Hastings to lose their jobs  (Hastings Star Gazette 3/9/11)

Hutchinson Technology: 700 to 900

• What's next for victims of Hutchinson layoffs? (MinnPost 3/8/11)

• Hutchinson Technology cuts hundreds of jobs (MPR 3/8/11)

• Hutchinson Technology Announces Manufacturing Consolidation & Restructuring Plan (Press Release 3/8/11)

• Hutchinson Technology to cut 30-40 percent of U.S. workforce (MSP Business Journal 3/8/11)

Medtronic: 1,500 - 2,000 worldwide. Unknown number in Minnesota

• Medtronic layoffs typically followed by higher revenues in next quarter (MinnPost 3/1/11)

• Medtronic Reports Third Quarter Earnings (Press Release 2/22/11)

• Medtronic plans huge job cuts, impact in Minn. unknown (MPR 2/22/11)

• Medtronic will cut 2,000 jobs (MSP Business Journal 2/22/11)

M&I: 143 jobs with 20 in Minnesota

• M&I Bank lays off 20 in Twin Cities (MSP Business Journal 2/22/11)

Fico: 200 with 20 in Minnesota

• Fico Cuts 200 Positions, 20 in MN; Ups Forecast (TwinCities Business 1/17/11)

Capella Education: 125

• Capella announces layoffs, shares plunge (MSP Business Journal 2/15/11)

• Capella Education Company Reports Fourth Quarter and Full Year 2010 Results (Press Release 2/15/11)

Tyco Electronics: 248

• Shakopee to lose 250 jobs at former ADC site (Shakopee Valley News 1/28/11)

• Tyco plans to cut 250 jobs at ADC plant in Shakopee (MPR 2/1/11)

Nestle Nutrition: 243

• Nestle Nutrition to close Minn plant, cut 243 jobs (MPR 1/17/11)

• Nestle will close St. Louis Park plant (MSP Business Journal 1/17/11)

Lockheed Martin: 250 with 750 to transfer to other locations

• Lockheed to cut 250 jobs in Eagan (MSP Business Journal 1/13/11)

• Lockheed workers in Eagan get layoff, transfer news (MPR 1/13/11)

 

Click Minnesota Business Scene for more posts on the topic, Minnesota Headhunter for most recent blog posts.

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