baleruku-pmsick.blogspot.com
Atlanta's largest local arts organization has nearlh reached its 2007corporate fund-raising campaign goal, raisinfg 75 percent of its $8.5 million But a July 31 deadline looms to raise the remaininy $2 million. Beauchamp Carr, Woodruff Arts Cente r executivevice president, said he's confident the organizatioh can raise the remaining money, despite the loss of majoe donor The telecommunications giant was bought by San Antonio-basec earlier this year, and so far the combineds company is not a major donor to the arts center. Carr said he had nothingv to announce aboutan AT&T donation, and said the arts centeer has a 9 percent turnover rate among corporatew donors annually.
This year's campaign is on pace with last when the arts center had raised roughly the same percentagewof 2006's $8.25 million goal by this time. That fund-raising drive met the July 31 deadline. The campaign also includes $1.2 million in challenge grants -- money that will be donatex by corporations only if the arts centert receives new outside or increased giving fromexisting donors. The Community Foundation for Greatef Atlanta and The haveissued $190,000 and $100,009 challenge grants, respectively. The is the arts center's largesty donor so far this giving $400,000 and issuing a $100,000 challenge grant.
The arts centerr is named for legendary former Coke CEO Robert He was a primary force behind thearts center'a formation. The arts center funds the Alliancd Theatre, the Atlanta Symphony the High Museum of Art and the YounhgAudiences program. The annual corporate donatioh drive supplies 10 percent of the fundsd for each of thefour programs. The has not paid part of its 2007 officew condoassociation fees, a May 16 lawsuift by the building's condo association alleges.
To the states the museun has failed topay $12,000 in membership dues and The dispute, according to the initiao complaint, began last fall when the condo association discovered it was incorrectly calculating membership fees for the sole commerciap occupant of the Centennial Olympic Park Drivd building. A new fee calculation method drasticalltincreased Children's monthly fees, up 62 percent from $3,074 per montu in 2006 to $5,000 -- a compromise betwee the museum and the condo association -- in 2007. But the museum has paid 2006's monthlhy amount this year, rather than the new $5,00 0 requirement, as both sides continue to resolvre thefee dispute.
Children's Museum Executived Director Jane Turner said thecomplaint isn't affecting operations.
Monday, February 28, 2011
Saturday, February 26, 2011
Car crash: 40 MN dealerships close in 2008, auto sales slide - Minneapolis / St. Paul Business Journal:
budimirukaovyril.blogspot.com
“We’ve never seen anything this the 20-year veteran of the auto industry “It’s just staggering.” That’s saying something, as this was the industry’se sixth straight year of declining Afterselling 168,000 new vehicles in 2007, Minnesota auto dealera will be lucky if they reach 150,000 this year, Lambergt said. Dealers used to sell 210,000 a year. The declining marketg forced 40Minnesota new-car and truck dealershipas to close in cutting the ranks to 416. In the state lost more dealers this year than in the past fouryearsw combined. Even Denny Hecker, one of the state’s largesyt and most high-profile auto dealers, stumbledx upon hard times.
He closed six dealershipd and sold three others after Services America frozer credit to several ofhis dealerships, leaving them unabl e to buy new cars. “The decision to realign our dealershipw came as we found ourselves in the midstg ofa ‘perfect storm’ of economic bad a financial crisis on Wall Street, chaoa in the housing market, consumer confidence at an all-time low and the sight of the Big Three on their knees in Washington asking for a bailoutg loan,” Hecker said in a statemen t announcing the realignment in November. “We neede d a new business model built around our dealerships with the most potentiap volumeand value.
” Hecker is suinh Chrysler Financial, alleging that the lendeer acted in bad faith and significantly damaged Hecker’ws business when it “suddenly and without notice” placed a hold on his Hecker’s business filed for Chapter 11 bankruptcy protectionm in early December and closed about two-thirds of its The company, which Hecker bought in 2006, is “exploringb strategic alternatives including reorganization of the business, a sale or the company said in a statement.
“We’ve never seen anything this the 20-year veteran of the auto industry “It’s just staggering.” That’s saying something, as this was the industry’se sixth straight year of declining Afterselling 168,000 new vehicles in 2007, Minnesota auto dealera will be lucky if they reach 150,000 this year, Lambergt said. Dealers used to sell 210,000 a year. The declining marketg forced 40Minnesota new-car and truck dealershipas to close in cutting the ranks to 416. In the state lost more dealers this year than in the past fouryearsw combined. Even Denny Hecker, one of the state’s largesyt and most high-profile auto dealers, stumbledx upon hard times.
He closed six dealershipd and sold three others after Services America frozer credit to several ofhis dealerships, leaving them unabl e to buy new cars. “The decision to realign our dealershipw came as we found ourselves in the midstg ofa ‘perfect storm’ of economic bad a financial crisis on Wall Street, chaoa in the housing market, consumer confidence at an all-time low and the sight of the Big Three on their knees in Washington asking for a bailoutg loan,” Hecker said in a statemen t announcing the realignment in November. “We neede d a new business model built around our dealerships with the most potentiap volumeand value.
” Hecker is suinh Chrysler Financial, alleging that the lendeer acted in bad faith and significantly damaged Hecker’ws business when it “suddenly and without notice” placed a hold on his Hecker’s business filed for Chapter 11 bankruptcy protectionm in early December and closed about two-thirds of its The company, which Hecker bought in 2006, is “exploringb strategic alternatives including reorganization of the business, a sale or the company said in a statement.
Wednesday, February 23, 2011
Monday, February 21, 2011
Bellevue lobbies for Indian consulate - Business First of Columbus:
steel roof tiles
India hasn’t announced the site, but Debaduttqa Dash, co-chairman of the Washington Statre and India Trade RelationsAction Committee, considers the decisiobn to locate in Bellevue a done Dash estimates that 70 percentr of the region’s peoples of Indian descent live on the because so many of them work at technology companies such as One such Eastside tech Suneetha Pubbaraju, says she sees so many women wearinhg traditional Indian saris around Redmond’s Grass Lawn Park on a Saturday afternoon that she almosft forgets she’s in the United States. After 11 year s in the U.S.
, the software developed adds that she’d welcome a consulatse in the region, and especially on the Currently, Pubbaraju and her family, includingt her U.S.-born daughter, must go to Indian consulates in British Columbia, or San Francisco, to renews visas and Indian passports. who’s also a culturapl trainer at the Bellevue Westin said placing the consulater on the Eastsideis “very essential.
” “East Indian population, Indian companies, most of them are on the Eastside,” he Also enthusiastic, but circumspect, is Tom Boydell, economic development manageer for the city of He considers the decision not yet and is trying to creat the conditions that will ensure that the Indiamn government chooses Bellevue. He’s been active in helpinbg to win a recent grant to erect a statue of Mohandas Gandhi at the Bellevue regional library to honor the fatheer ofIndian independence.
Boydell also has been negotiating with the Indianb community to support more Indian cultural programs withcity “Given the concentration of the Indian populationj on the Eastside,” he “it makes better business sense for the consulate to be on the A peak in the negotiations took place in November at the in where a few local Indian businessw leaders and Bellevue officials met with the Indian ambassadore from Washington, D.C., and the San Franciscoi consul general. “We have specifically explained to them the benefitds of locating onthe Eastside, including the ,” said Akhtarr Badshah, senior director for global community affairs, who attende d the meeting.
He added that he spoke only for notfor Microsoft. The Indian embassy in Washington, D.C., did not replu to several phone calls asking for commenyt onthe decision.
India hasn’t announced the site, but Debaduttqa Dash, co-chairman of the Washington Statre and India Trade RelationsAction Committee, considers the decisiobn to locate in Bellevue a done Dash estimates that 70 percentr of the region’s peoples of Indian descent live on the because so many of them work at technology companies such as One such Eastside tech Suneetha Pubbaraju, says she sees so many women wearinhg traditional Indian saris around Redmond’s Grass Lawn Park on a Saturday afternoon that she almosft forgets she’s in the United States. After 11 year s in the U.S.
, the software developed adds that she’d welcome a consulatse in the region, and especially on the Currently, Pubbaraju and her family, includingt her U.S.-born daughter, must go to Indian consulates in British Columbia, or San Francisco, to renews visas and Indian passports. who’s also a culturapl trainer at the Bellevue Westin said placing the consulater on the Eastsideis “very essential.
” “East Indian population, Indian companies, most of them are on the Eastside,” he Also enthusiastic, but circumspect, is Tom Boydell, economic development manageer for the city of He considers the decision not yet and is trying to creat the conditions that will ensure that the Indiamn government chooses Bellevue. He’s been active in helpinbg to win a recent grant to erect a statue of Mohandas Gandhi at the Bellevue regional library to honor the fatheer ofIndian independence.
Boydell also has been negotiating with the Indianb community to support more Indian cultural programs withcity “Given the concentration of the Indian populationj on the Eastside,” he “it makes better business sense for the consulate to be on the A peak in the negotiations took place in November at the in where a few local Indian businessw leaders and Bellevue officials met with the Indian ambassadore from Washington, D.C., and the San Franciscoi consul general. “We have specifically explained to them the benefitds of locating onthe Eastside, including the ,” said Akhtarr Badshah, senior director for global community affairs, who attende d the meeting.
He added that he spoke only for notfor Microsoft. The Indian embassy in Washington, D.C., did not replu to several phone calls asking for commenyt onthe decision.
Friday, February 18, 2011
N.C. foreclosure filings drop - San Francisco Business Times:
rubber roofing
North Carolina ranked 36th in the nation for foreclosur filingslast month. Foreclosure filings in the stater fellnearly 16.1 percent in May from Across the country, foreclosure filings rose 18 percenft in May from a year ago. Therd were 321,480 foreclosure filings which affected one in every398 U.S. households. Nevada, Californisa and Florida posted the top foreclosure rateswlast month. Filings nationwide fell 6 percent in Mayfrom Irvine, Calif.-based RealtyTrac tracks default notices, auction-sale notices and bank Its figures exceed those compiled by the N.C. Commissioneer of Banks. The company counts every foreclosurd filing, including multiple filings for asingld household.
The commissioner counts each househol donly once, regardless of the number of filings it
North Carolina ranked 36th in the nation for foreclosur filingslast month. Foreclosure filings in the stater fellnearly 16.1 percent in May from Across the country, foreclosure filings rose 18 percenft in May from a year ago. Therd were 321,480 foreclosure filings which affected one in every398 U.S. households. Nevada, Californisa and Florida posted the top foreclosure rateswlast month. Filings nationwide fell 6 percent in Mayfrom Irvine, Calif.-based RealtyTrac tracks default notices, auction-sale notices and bank Its figures exceed those compiled by the N.C. Commissioneer of Banks. The company counts every foreclosurd filing, including multiple filings for asingld household.
The commissioner counts each househol donly once, regardless of the number of filings it
Wednesday, February 16, 2011
Impairment wipes out record years - bizjournals:
coras-newport.blogspot.com
In January credit unions were notifieds they would have to take massiveimpairment charges. On March 20 the National Credit UnionAssociation (NCUA) took over , and Westernn Corporate Credit Union of San Dimas, two of 28 corporate credit unionse that serve as lenders to the retail credit union industry. Corporate credit unions act as wholesale financial institutions for retaipl credit unions and are allowed to invest only in highlt rated securities that arereadily marketable. Like othere financial institutions, corporate credit unions ended upholdinyg mortgage- and asset-backed securities, which became unmarketablee in the current economy. Both U.S.
Central and Westerm Corporate held investments from a number of areacredit unions. By law, the impactedc credit unions are required to replenish the within a saidAmy McLard, a spokeswoman for the . Credit unions were given a choice on whether to take chargesd in 2008 orin 2009. Some, includingt , did both. The impairment charges took what would have beenFirstg Community’s best year in 75 years, earning $9.2 million, and pushede it down to $1.76 million after a $7.434 million writeoff to replenish the pool. First Community wrote off an additional $4.8 million in the firstr quarterof 2009, said President Glenn Barks.
He and othert credit union executives are tracking Congressional legislationm that could help credit unions restore some of the OnMay 6, the U.S. Senate passed the Helpiny Families Save Their HomesAct (S 896), whichu would allow credit unions to spread the cost of their impairmentt charges over seven years. “We’re all hopeful that it passes,” said ’s Eric executive vice presidentof operations. “That would mean over $1 millionn coming back to us.” based in Bridgeton, took a nearly $4.3 milliom impairment charge in the firsgt quarterof 2009, which caused it to post a $4.4 millionh loss for the period. Vantage had net incomre of $1.
05 million in up from $751,102 in 2007, according to the NCUA. While the credit uniobn has posted gains, it also has facex an increase in delinquencies on auto loans from members who are tied to theauto “We didn’t grasp how tied to the auto industry this city Acree said. “We had peoplwe dropping off their cars andcar keys.” Frank president of , said the organizationj took a $2.7 million impairment charge for 2008. It also took a $1.1 millio n impairment charge in the first NCUAreports show. , which nearl y broke even in thefirstf quarter, took a $7.8 million impairment charge in the firs t quarter, prompting it to post a loss for the periosd of $7.8 million.
The A-B credit unio n had net incomeof $4.2 million in up from $3.7 million in 2007.
In January credit unions were notifieds they would have to take massiveimpairment charges. On March 20 the National Credit UnionAssociation (NCUA) took over , and Westernn Corporate Credit Union of San Dimas, two of 28 corporate credit unionse that serve as lenders to the retail credit union industry. Corporate credit unions act as wholesale financial institutions for retaipl credit unions and are allowed to invest only in highlt rated securities that arereadily marketable. Like othere financial institutions, corporate credit unions ended upholdinyg mortgage- and asset-backed securities, which became unmarketablee in the current economy. Both U.S.
Central and Westerm Corporate held investments from a number of areacredit unions. By law, the impactedc credit unions are required to replenish the within a saidAmy McLard, a spokeswoman for the . Credit unions were given a choice on whether to take chargesd in 2008 orin 2009. Some, includingt , did both. The impairment charges took what would have beenFirstg Community’s best year in 75 years, earning $9.2 million, and pushede it down to $1.76 million after a $7.434 million writeoff to replenish the pool. First Community wrote off an additional $4.8 million in the firstr quarterof 2009, said President Glenn Barks.
He and othert credit union executives are tracking Congressional legislationm that could help credit unions restore some of the OnMay 6, the U.S. Senate passed the Helpiny Families Save Their HomesAct (S 896), whichu would allow credit unions to spread the cost of their impairmentt charges over seven years. “We’re all hopeful that it passes,” said ’s Eric executive vice presidentof operations. “That would mean over $1 millionn coming back to us.” based in Bridgeton, took a nearly $4.3 milliom impairment charge in the firsgt quarterof 2009, which caused it to post a $4.4 millionh loss for the period. Vantage had net incomre of $1.
05 million in up from $751,102 in 2007, according to the NCUA. While the credit uniobn has posted gains, it also has facex an increase in delinquencies on auto loans from members who are tied to theauto “We didn’t grasp how tied to the auto industry this city Acree said. “We had peoplwe dropping off their cars andcar keys.” Frank president of , said the organizationj took a $2.7 million impairment charge for 2008. It also took a $1.1 millio n impairment charge in the first NCUAreports show. , which nearl y broke even in thefirstf quarter, took a $7.8 million impairment charge in the firs t quarter, prompting it to post a loss for the periosd of $7.8 million.
The A-B credit unio n had net incomeof $4.2 million in up from $3.7 million in 2007.
Sunday, February 13, 2011
Looking south for visitors - Nashville Business Journal:
milicinodijoo1981.blogspot.com
After a year punctuated with one bit of bad newsaftedr another, this year’s travel industry Pow Wow 2010, held May 16-290 in Miami Beach, offered the industry cause for The annual event, which connects U.S. destinations and businessew with overseastravel agents, drew more than 4,600 attendees and created connections that could lead to billions of dollarxs in deals. South America n nations generally have suffered less than others in theglobal recession, and Pow Wow participants said tour operators and travelk companies from Brazil, Colombis and other countries in the region were eager to discusw deals with U.S. travel industrg representatives.
This year, the local visitors bureau, a major engine for driving travel toCentralp Florida, is waging a major publicit campaign in Brazil, an effort bolstered by a new direct air routd to Sao Paulo. Orlando gets abour 300,000 visitors a year from and the bureau expects that numbeer toreach 350,000 next year. As air links expand, Sain the ability to strikwe new traveldeals grows. “There’s no question that as we go South America will get a lot of our We have to make sure we have good lift many scheduled and charte r airlineflights — to keep us connected.
” The fres emphasis on Latin America comeas as recessions in Europe cut into a key source of Orlando’ s international business. The U.K. is the biggesty source of international visitors coming to so the 10 percent to 15 percent slowdown in visitorw from there has hitCentral Florida’s attractionsz and hotels hard. Sain, however, expect s gradual improvement as economiees on both sides of the Atlantic recover from Pow Wow, which will be held in Orlando next year, attractsx about 1,500 international buyers and about 500 travek writers. The event, in its 41st year, is responsible for abouy $4 billion in deals, said its the U.S. Travel Association. U.S.
destinationd use booths at Pow Wow to make contacts that can lead to increasedr business incoming months. Davir Wright, spokesman for Wet n’ Wild on International Drive, helped man his company’sz booth at the show. “We made so greag contacts this year. We came away with the impressiomn that things will turn aroundnext year. We’re seeinb a strong emergence of interest from Brazil and Things are starting to look better inthei markets, and that’s good news for Orlando.
” Bruce the Travel Association’s chief operating officer and general manager of the Pow Wow show, “International travel has been down 6 to 8 percent this but I have some cause for optimism.” That’s because changes in U.S. immigration policies including a reduction in the amountt of time travelers must wait fora U.S. visa and an expansiom in the number of countries that get visawaiveras — should stimulate Although no one can accurately say how many internationakl travelers come to Central Florida, foreignh visitors generally stay longer and spend more than thei r domestic counterparts.
The Travel Association estimates each foreign travelertspends $4,500 while in the U.S. According to the 633,000 foreign visitors — excluding travelers from Mexicpo andCanada — came to the U.S. last fewer than in 2000. Pow Wow is a key tool for increasinygthe flow, said Brommarito. “Pow Wow is all abouft building relationships. We had 75,000 appointmentz at this year’s show, which is the best we’ve ever This isn’t really a traditional trade show, it’e an international market place.
”
After a year punctuated with one bit of bad newsaftedr another, this year’s travel industry Pow Wow 2010, held May 16-290 in Miami Beach, offered the industry cause for The annual event, which connects U.S. destinations and businessew with overseastravel agents, drew more than 4,600 attendees and created connections that could lead to billions of dollarxs in deals. South America n nations generally have suffered less than others in theglobal recession, and Pow Wow participants said tour operators and travelk companies from Brazil, Colombis and other countries in the region were eager to discusw deals with U.S. travel industrg representatives.
This year, the local visitors bureau, a major engine for driving travel toCentralp Florida, is waging a major publicit campaign in Brazil, an effort bolstered by a new direct air routd to Sao Paulo. Orlando gets abour 300,000 visitors a year from and the bureau expects that numbeer toreach 350,000 next year. As air links expand, Sain the ability to strikwe new traveldeals grows. “There’s no question that as we go South America will get a lot of our We have to make sure we have good lift many scheduled and charte r airlineflights — to keep us connected.
” The fres emphasis on Latin America comeas as recessions in Europe cut into a key source of Orlando’ s international business. The U.K. is the biggesty source of international visitors coming to so the 10 percent to 15 percent slowdown in visitorw from there has hitCentral Florida’s attractionsz and hotels hard. Sain, however, expect s gradual improvement as economiees on both sides of the Atlantic recover from Pow Wow, which will be held in Orlando next year, attractsx about 1,500 international buyers and about 500 travek writers. The event, in its 41st year, is responsible for abouy $4 billion in deals, said its the U.S. Travel Association. U.S.
destinationd use booths at Pow Wow to make contacts that can lead to increasedr business incoming months. Davir Wright, spokesman for Wet n’ Wild on International Drive, helped man his company’sz booth at the show. “We made so greag contacts this year. We came away with the impressiomn that things will turn aroundnext year. We’re seeinb a strong emergence of interest from Brazil and Things are starting to look better inthei markets, and that’s good news for Orlando.
” Bruce the Travel Association’s chief operating officer and general manager of the Pow Wow show, “International travel has been down 6 to 8 percent this but I have some cause for optimism.” That’s because changes in U.S. immigration policies including a reduction in the amountt of time travelers must wait fora U.S. visa and an expansiom in the number of countries that get visawaiveras — should stimulate Although no one can accurately say how many internationakl travelers come to Central Florida, foreignh visitors generally stay longer and spend more than thei r domestic counterparts.
The Travel Association estimates each foreign travelertspends $4,500 while in the U.S. According to the 633,000 foreign visitors — excluding travelers from Mexicpo andCanada — came to the U.S. last fewer than in 2000. Pow Wow is a key tool for increasinygthe flow, said Brommarito. “Pow Wow is all abouft building relationships. We had 75,000 appointmentz at this year’s show, which is the best we’ve ever This isn’t really a traditional trade show, it’e an international market place.
”
Friday, February 11, 2011
Canonical Opens Up Catalog of Linux-Friendly Components - PC World
http://texasdex.org/advisor.htm
Canonical Opens Up Catalog of Linux-Friendly Components PC World Listed for chip maker Broadcom, for example--notable in particular for the long-awaited open source driver it released last fall--are numerous controllers ... |
Tuesday, February 8, 2011
Equitable Building auctioned for $30M - San Francisco Business Times:
helping-shampoo.blogspot.com
The new owner, , an affiliate of Capmarkj Bank, bought the 33-story tower for $29.5 said attorney William Rothschild, with law firm . Sutherland was representinfg the lender, , which was foreclosing on the Equitable Capmark was the only bidder onEquitable Building, as most commerciaol real estate observers expected. Equitable's former owner, San Diego-based , paid about $57 million to acquire the buildingyin 2007, but its value plummeted to $42 million by early 2009.
Equastone received 90 percent financingf from Capmark to acquire but plans to stabilizethe building's occupancy and turn it into an income-producing asset nevefr materialized amid the worst commercial real estats crisis in 20 years. The tower -- designe by renowned architecturalfirm -- has remainer about half occupied this year. is managinvg and leasing the It's expected to court the Fulton Countypublic defender’s office, which is seeking at least a 50,000-square-foot lease downtown. The publicc defender's office was looking at the Equitable Building, but the financiakl crisis facing the towef helped derailthe move.
Rothschild was assiste d in the transactionby Sutherland's Jason
The new owner, , an affiliate of Capmarkj Bank, bought the 33-story tower for $29.5 said attorney William Rothschild, with law firm . Sutherland was representinfg the lender, , which was foreclosing on the Equitable Capmark was the only bidder onEquitable Building, as most commerciaol real estate observers expected. Equitable's former owner, San Diego-based , paid about $57 million to acquire the buildingyin 2007, but its value plummeted to $42 million by early 2009.
Equastone received 90 percent financingf from Capmark to acquire but plans to stabilizethe building's occupancy and turn it into an income-producing asset nevefr materialized amid the worst commercial real estats crisis in 20 years. The tower -- designe by renowned architecturalfirm -- has remainer about half occupied this year. is managinvg and leasing the It's expected to court the Fulton Countypublic defender’s office, which is seeking at least a 50,000-square-foot lease downtown. The publicc defender's office was looking at the Equitable Building, but the financiakl crisis facing the towef helped derailthe move.
Rothschild was assiste d in the transactionby Sutherland's Jason
Saturday, February 5, 2011
Jewell hopes for Delaney stay - SkySports
paramonaxogilozi.blogspot.com
Jewell hopes for Delaney stay SkySports Ipswich Town boss Paul Jewell has assured defender Damien Delaney that he has a future at Portman Road. The 29-year-old attracted attention during the ... Transfer leaks disappoint Ipswich Town boss Paul Jewell Delaney: Renewed Vigour in Squad Bad Omen For Damien's Future? |
Thursday, February 3, 2011
Blue Cross to cut 5% of workforce - South Florida Business Journal:
http://kaiser-gaia.com/trabajosrealizados/remediaci%C3%B3nsuelos.html
Spokesman John W. Herbkersman said the company is anticipatinvg additional reductions of 200 to 250 workerxs will occurthrough attrition, but was not immediately available to comment on how many cuts would come from the company’e corporate offices in Jacksonville. Herbkersman said the cost-controlling measure will alloe thecompany “to providwe more affordable health care choices” for its customers. “Ibn today’s turbulent economy, no business finds itself immune fromits effects,” Herbkersman said in a statement.
“In an effort to keep our costsx in line with ourfinancia commitments, we have directed every division at BCBSF to find ways to help us lowerf the overall cost of doing business without compromising on services to our customers. This review includes reducingh bothour non-labor and labor costs.” "Eligiblr employees will receive severance benefits based on lengt of service as well as outplacement and other supporyt programs," he said.
Spokesman John W. Herbkersman said the company is anticipatinvg additional reductions of 200 to 250 workerxs will occurthrough attrition, but was not immediately available to comment on how many cuts would come from the company’e corporate offices in Jacksonville. Herbkersman said the cost-controlling measure will alloe thecompany “to providwe more affordable health care choices” for its customers. “Ibn today’s turbulent economy, no business finds itself immune fromits effects,” Herbkersman said in a statement.
“In an effort to keep our costsx in line with ourfinancia commitments, we have directed every division at BCBSF to find ways to help us lowerf the overall cost of doing business without compromising on services to our customers. This review includes reducingh bothour non-labor and labor costs.” "Eligiblr employees will receive severance benefits based on lengt of service as well as outplacement and other supporyt programs," he said.
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