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Eden Prairie-based Lenox to trim 53 jobs
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Eden Prairie-based Lenox to trim 53 jobs
Lenox Group Inc., the Eden Prairie-based maker of Department 56 collectibles and Lenox and Dansk tableware, said it will cut 53 jobs as it downsizes its Department 56 business. Thirty of the jobs will be at the division's Eden Prairie headquarters, with the others coming from sales and showroom jobs and an office in California, the company said in a filing with the Securities and Exchange Commission. Department 56 plans to discontinue its Everyday and Halloween product lines and most of its basic Christmas lines to focus on its more popular Village and Snowbabies products, among others.
STAFF REPORT
Mining jobs, production facing cutbacksCliffs Natural Resources Inc., the largest iron-ore producer in North America, notified the United Steelworkers union and local officials that it may cut jobs and curtail production at two Minnesota locations because of falling demand. The operations that may be affected are the Hibbing Taconite and United Taconite mines in Minnesota, Cleveland-based Cliffs said. The company said last month that it would cut monthly capacity as slowing economic growth reduces demand for the steelmaking ingredient. The Hibbing and United mines have a combined capacity to produce more than 13 million tons of iron-ore pellets a year, Cliffs said.
BLOOMBERG NEWS
Northwest domestic capacity downDomestic capacity at Northwest Airlines in October was down 7.4 percent compared with a year ago, including a 17.5 percent drop on flights operated by Northwest and a 55 percent increase on regional carriers Mesaba, Pinnacle and Compass. Northwest's new parent, Delta Air Lines, said traffic for the month at its Eagan-based subsidiary, including regional carriers, declined 1.4 percent from a year ago to 6.38 billion revenue passenger miles. A revenue passenger mile is one paying passenger flown one mile. Load factor for October was 84.3 percent, up 0.5 percentage points from a year ago. Including international flights, capacity was 7.57 billion available seat miles, down 2 percent from a year ago.
STAFF REPORT
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