AOL, a Dulles-based Internet services provider,
laid off 450 employees in
Northern Virginia as part of previously announced cutbacks. The layoffs were
fewer than originally envisioned. Instead of losing 1,000 positions in
Northern Virginia, the company has laid off fewer than 600. (The
Washington Post)
Dominion Resources, a
Richmond energy producer, indefinitely delayed installation
of pollution-scrubbing controls at its coal-fired power
plant in
Chesapeake, opting instead to import more foreign, low-sulfur
coal. The company says the cleaner-burning coal should
still allow it to reach its 2012 emission goals. (Daily
Press)
Saxon Capital Inc., a
Glen Allen-based subsidiary of Morgan Stanley Mortgage
Capital Inc., laid off 75 to 100 employees after
its merger with Morgan Stanley. Saxon is a residential
mortgage lending and servicing real estate investment
trust. (
Richmond Times-Dispatch)
Shenandoah Telecommunications Co. of
Edinburg, as part of a streamlining effort, will cut
50 positions through a combination of means, including
an early retirement offer, attrition and layoffs. As
part of its restructuring, the company is freezing its
defined benefit pension plan and enhancing its 401(k)
plan. (PRNewswire)
Stanley Furniture Co. Inc., a furniture manufacturer
headquartered in Stanleytown, will reduce the work force
at its
Robbinsville,
N.C., plant by about 200 workers, including management
and hourly employees. (PRNewswire)
