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June 24, 2009
Already enduring the steepest job slump in decades, the Milwaukee area received word of further cutback plans Wednesday, including an unspecified number of local jobs at Bucyrus International and 254 positions at American General Life Cos.
Bucyrus, the South Milwaukee-based mining equipment manufacturer, said in a statement that the global economic downturn has shrunk demand for its equipment.
"Because of this, we have reduced both our production and non-production personnel at our South Milwaukee location," the company said in its statement. "We believe that these reductions will align our resources with our production requirements. We are continuously monitoring our markets to ensure that our resources will continue to remain aligned with global demand."
Bucyrus has about 1,600 employees in South Milwaukee and about 7,000 worldwide.
Citing "unprecedented conditions" in its business in the last 12 months, insurer American General Life said it is closing its Midwest operation center in Milwaukee this week.
The unit of troubled insurance giant AIG said it will consolidate the work from its office at 750 W. Virginia St. in Milwaukee primarily in offices in Springfield, Ill., and Houston over the next several months.
Of 312 employees at the Milwaukee operation center, 58 will be retained by American General, said spokeswoman Shayna Schulz.
The company's Milwaukee operation formerly was Old Line Life Insurance Co. American General acquired Old Line in its 1997 acquisition of USLife Corp. of New York.
Also Wednesday, the state Department of Workforce Development said it received notice that a previously announced temporary layoff of 94 workers in Mayville at Metalcraft of Mayville Inc. will extend beyond six months. And the state reported another notice from Thomas Industries Inc., which is phasing out manufacturing operations in Sheboygan, eventually leading to a loss of about 280 jobs.
Paul Gores and James B. Nelson of the Journal Sentinel staff contributed to this report
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