Sears lays off 100 at headquarters
According to an article in the Chicago Sun Times, Sears Holdings Corp. will lay off employees from a variety of departments at its Hoffman Estates, Ill., headquarters.
The layoffs will not affect the retailer’s recently approved tax credit from the state of Illinios. The $150 million payroll tax credit take effect next year, and — according to the article — requires a minimum of 4,250 headquarters employees.
Even after this round of layoffs, the Sears headquarters had 6,000 employees in Hoffman Estates.
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GE launches veteran hiring initiative
General Electric has announced that it will hire 5,000 veterans over the next five years, partnering with the U.S. Chamber of Commerce to provide training for the veterans in 50 cities.
The Chamber of Commerce will sponsor 400 jobs fairs for veterans in 2012 as part of the “Hiring our Heroes” initiative. Additionally, GE will offer extra hiring training and services at 50 of those jobs fairs. The company will also renew its Statement of Support with the Employer Support of the National Guard and Military Reserve, which renews GE’s commitment to support employee reservists when they are called to active duty. Together these efforts will help ensure veterans and reservists have the utmost support as they assimilate into the civilian work force.
GE employs more than 10,000 veterans and has about 100 U.S. employee reservists currently serving overseas and has been named as a top military recruiter by G.I. Jobs Magazine.
The veterans hiring initiative is part of an overall program announced by GE that addresses skills training and workforce preparedness, advanced manufacturing, and affordable healthcare delivery.
“American business can compete and win anywhere,” said GE chairman and CEO Jeff Immelt. “There are companies and communities all across the country that are leading the way. We know that renewing American manufacturing works; affordable health care works; high-skill training works; investing in people works; supporting customers works; accessing global markets works. We should have the confidence to act and to restore American competitiveness.”
That's a very good step taken
That's a very good step taken by General Electric along with US Chamber of Commerce.Indeed, it's a great news for all veterans out there. And very well said "American business can compete and win anywhere". __________________ nutri system coupons
Competitors unite at City of Hope event
Orlando, Fla. — The stage of the 2012 City of Hope “Spirit of Life” event featured one brand new honoree, several more industry icons and 30 years of memories for the hardware/homebuilding group.
Convening for the good of the California-based cancer treatment and research center, executives and supporters filled a banquet room at the Rosen Plaza Hotel here on the eve of the International Builders’ Show to honor the man of the hour: Ace Hardware’s Ray Griffith. The president and CEO of the Oak Brook, Ill.-based hardware co-op accepted the 2012 Spirit of Life award.
Griffith drew applause with his comment on the importance of social missions for all business, beyond market share and profit margins. “[Corporations] should possess a soul and a commitment to leave something behind that has a chance to help make the world a better place,” he said.
The 30th Anniversary event included the appearance of many past honorees, and also a special master of ceremonies: The Home Depot co-founder Bernie Marcus, who told the story of a former colleague whose life was extended by the work of the doctors and researchers at City of Hope.
Generally, it was a night were cooperation won out over competition.
Marcus called to the stage a host former Spirit of Life honorees and industry titans, with no clashes. Among those who posed together for a 30th anniversary photo were Home Depot co-founder Arthur Blank and former Handy Andy chairman Ron Rashkow.
As the 2011 Spirit of Life honoree, Craig Menear welcomed attendees to the event and praised the work of City of Hope. “The progress that this organization makes continually, year after year, truly is remarkable,” said Menear, Home Depot’s executive VP merchandising.
City of Hope is a California-based treatment and research facility — soon to celebrate its 100th year — dedicated to finding cures and new treatments for cancer, diabetes and other life-threatening diseases. The 2012 event raised $770,000.
Other past honorees in attendance were Bruce Merino, former sr. VP for Home Depot; Pat Farrah, co-founder of Home Depot; Dave Hodnik, former CEO Ace Hardware; Bill Patterson, former president HomeBase; Mark Baker, Orchard Supply Hardware CEO; Alan Barry, Masco; Paul Hylbert, Kodiak Building Partners; William Foote, USG; and Willam Farrell, the American Hardware Manufacturers Association.
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