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Archive for August, 2009

Healthcare Jobs in Rhode Island See Financial Decline

Monday, August 31st, 2009

Those with healthcare jobs in Rhode Island may be affected by the information released in a new report.

The Rhode Island Department of Health recently released The Health of Rhode Island’s Hospitals, a report that details the financial performance of the state’s 13 hospitals from 2005 to 2008. The report found that even though Rhode Island hospitals were more profitable than others in the Northeast in 2007, the financial performance of local hospitals declined during 2008.

Overall, hospitals in Rhode Island saw a 12 percent loss in net worth during 2008, which can mostly be attributed to losses in their investments as opposed to declines in patient revenue. In fact, patient revenue increased 6 percent from 2007 to 2008.


More RI Government Jobs Lost than in Any Other State

Monday, August 24th, 2009

More RI government jobs have been lost than government jobs in any other state.

A recent report from the Nelson A. Rockefeller Institute of Government found that state and local government jobs in Rhode Island decreased by 3.5 percent from June 2008 to June of this year. This is the highest rate of government job loss in the entire country.

Nevada had the second-most cuts, eliminating 2.9 percent of state and local government jobs. Maine saw its government jobs decline by 2.2 percent, while Arizona and South Carolina both saw their government jobs decline 2.1 percent. These were the only states to cut more than 2 percent of public jobs.


Rhode Island Jobs with Shipyards Get Funding

Thursday, August 20th, 2009

Several Rhode Island jobs will soon be saved as two state shipyards receive federal funding. Visit to learn more.

Two Rhode Island shipyards will receive $2.6 million in federal funding through the American Recovery and Reinvestment Act to help create and preserve jobs for ship builders. Blount Boats, Inc. of Warren and Senesco Marine of North Kingstown were each awarded the money under the Small Shipyards Grant Program.

Blount Boats, Inc. will receive $868,186 and Senesco Marine will receive $1,792,347. The Small Shipyards Grant program, created under the ARRA, has so far provided $98 million in funding to more than 70 shipyards throughout the country.


Tech Jobs in Rhode Island Could be Cut

Wednesday, August 12th, 2009

One large telecommunications company is planning to eliminate several tech jobs in Rhode Island.

The International Brotherhood of Electrical Workers union Local 2323, which represents Verizon Communications‘ Rhode Island employees, recently announced that the company plans to layoff all of its 291 splice-service technicians who have been hired in Rhode Island and Massachusetts since August 2003.

Verizon announced earlier this year that it planned to eliminate 8,000 jobs in the United States. Union leaders are saying they were told 72 Rhode Island employees would lose their jobs and 219 workers in Massachusetts would lose theirs.The company has reportedly declared 1,246 employees in the two states as “surplus,” with 567 of those being splice-service technicians.


Manufacturing Jobs in Rhode Island Added

Wednesday, August 5th, 2009

One company is helping to create more manufacturing jobs in Rhode Island.

CrimzonRose, a jewelry manufacturing company based in North Providence, recently announced that it plans to hire 60 workers for jobs in the state. The creation of the additional jobs are possible because CrimzonRose recently acquired Erica Lyons Inc., a company based in Florida.

According to an article by The Providence Journal, Susan Lyons, the creative force behind Erica Lyons Inc., and a staff of about 30 workers will remain in Florida, while the distribution and warehouse operation in the state will close down and those functions will be transferred to Rhode Island. Despite the added jobs in Rhode Island, the company’s purchase of Erica Lyons resulted in about 75 Florida employees losing their jobs.