April 18, 1996 |
As new Chairman and Chief Executive Gilbert Amelio insisted that the worst is over, troubled Apple Computer Inc. on Tuesday posted a worse-than-expected loss of $740 million for its second quarter and announced 2,800 layoffs, 1,500 more than projected. The double dose of bad news, announced after the stock market closed, marked the biggest shortfall in the Cupertino, Calif., computer maker's 20-year history.
March 8, 1996 |
In a move that will cost about 550 workers their jobs, Nestle USA Inc. has announced it will shut down and sell its Oxnard plant, ending a decades-old operation that has been a steady source of employment for generations of residents. Nestle bought the plant in September amid a dispute between workers and the former owner, Nabisco Foods Group. Under Nabisco, the factory produced Ortega Mexican foods, A-1 Steak Sauce, Regina Vinegar and the world's supply of Grey Poupon mustard.
April 3, 1994 |
After 28 years as a parts inspector at the city's Alcoa plant, Charles Adams may retire years earlier than he had planned. Adams, 50, said that last month's surprise announcement by the Aluminum Corp. of America that it will close the 56-year-old facility has left him with few options. Because of his long tenure, Adams is eligible through his union membership for retirement benefits. "I may try to get some training or some kind of schooling," Adams said. "It's hard. I just don't know."
August 7, 1994 |
Sixty-seven jobs will vanish at month's end when the Universal Cast Iron Manufacturing Co., a fixture in the Southeast's industrial landscape since 1946, closes down, company officials said last week. The plant, which produces cast-iron plumbing fittings and couplings, has distributed and sold its products under the brand name UNIVCO. Located on 7.4 acres near the Los Angeles River, Universal's plant is part of an estate controlled by the family of Albert Levinson, who died in 1992.