Connecticut job cuts continue

Job cuts continue in Connecticut; here are some of the latest:

Big Y has cut about 100 jobs in East Hartford from a store closing. (Journal Inquirer)

Waterbury Hospital will reduce staff by as many as 160. (WTNH)

Some employees were seen packing desks as more weekly newspapers announced they are going out of business. (News-Times)

Of course, Circuit City is going out of business entirely, which will eliminate 34,000 jobs entirely and that will certainly include many here in the Provision State, where there are ten storesnot to mention what it what will do to the real estate market.

And Lower Fairfield County may face another severe blow as GE Capital announces deep cuts of as many as 11,000 positions worldwide:

GE’s international finance operation is based in Norwalk.

GE Capital employs more than 1,200 people at offices on Long Ridge and High Ridge roads in Stamford, and several hundred more in Norwalk, which is also home to its commercial real estate operations. The division, which accounts for about 40 percent of General Electric’s revenues, has its equipment leasing operations in Danbury.

GE said Friday the finance business has informed employees of layoffs, following up on previous statements that it would restructure the battered financial unit.

GE Spokesman Russell Wilkerson said GE Capital is informing workers of the job cuts, though he would not say how many employees will lose their jobs.

I could probably go on a bit but you get the point. Let’s continue to pray for the local economy!

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