All Things Recruiting & Employment

Home | Jobs | Free Resume Builder | Recruiting News | Outplacement Services | NYC jobs | Audio jobs

Monday, March 17, 2008


Florida Job Breakdown

RailAmerica Inc, located in Boca Raton, recently announced that it will be doing away with 95 Florida jobs effective June 1st. According to Scott Williams, Senior Vice President and General Counsel, the company, which is a short line and regional rail service provider, is reducing it’s staff as a result of a planned merger with Florida East Coast Industries Inc, which is owned by the same parent company as RailAmerica.

The merger will cause the company to relocate it’s Boca Raton operations further north to Jacksonville. This news comes at a time when the Southern Florida job market is already struggling with losses. At this time the city has an unemployment rate of 4.8 percent, up from 4.6 in December. A year ago in January the jobless rate was 3.9 percent. The Florida Agency for Workforce Innovations estimates that 6,200 Florida jobs were lost since December between West Palm Beach and Boca Raton. Approximately 20 to 30 employees are expected to relocate to Jacksonville with the company.

In February 2007, the private equity firm Fortress Investment Group LLC, which is based in New York purchased RailAmerica for $1.1billion. RailAmerica currently operates 41 railroads totaling about 7,800 miles throughout North America.

Also planning changes in Boca Raton is the LexisNexis risk management group. The company plans to remain a presence in the area, but has plans for consolidating ChoicePoint Inc.’s data center with it’s own operations. According to Chief Executive Jim Peck, there will be some Florida jobs done away with, but it is too early to tell whether or not they will take place at the Boca Raton site.


<< Home


July 2006   August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   January 2010   February 2010   March 2010   April 2010   May 2010   June 2010   July 2010   August 2010   September 2010   October 2010   November 2010   December 2010   January 2011   February 2011   March 2011   April 2011   May 2011   June 2011   July 2011   August 2011   September 2011   October 2011   November 2011  

This page is powered by Blogger. Isn't yours?