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You're doing a h e c k of a job there Bama !

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  • SonofMichael
    replied
    Employers cut 15,300 more jobs
    Labor hits keep on coming as several large companies push workforce reductions.Last Updated: January 29, 2009: 11:53 AM ET

    AMERICA'S MONEY CRISIS
    Bailout worries temper gains
    Employment index worst in 35 years
    Bond prices slump
    Early selloff on Wall Street
    Fannie, Freddie to ease mortgage payments?
    Caution: Layoffs ahead
    NEW YORK (CNNMoney.com) -- The job market took another savage beating after several companies announced cost cutting plans that involved thousands of job cuts.

    Ford Motor Credit (FCZ), the financing arm of the struggling U.S. automaker, announced Wednesday it will cut 1,200 jobs, or 20% of its workforce. The company said the cuts were necessary due to slumping car sales.

    On Wednesday, Aircraft maker and defense contractor Boeing Co. was one of the largest casualties of the day, saying it would cut an additional 5,500 jobs this year, bringing its total cuts to 10,000 as the company struggles with dwindling demand for new aircraft.

    Earlier this month, Boeing (BA, Fortune 500) announced plans to shed 4,500 jobs in its Commercial Airplanes division. But the additional job cuts will be across various other parts of the company.

    Coffee chain Starbucks Corp. (SBUX, Fortune 500) also said it would be cutting up to 6,700 jobs, mostly due to store closings and a slower rate of store openings.

    Meanwhile insurance giant Allstate Corp. (ALL, Fortune 500) said it would be cutting 1,000 jobs over the next two years, Internet company AOL, a division of CNNMoney.com parent Time Warner, intends to cut 700 jobs, according to an internal memo, and health care company Abbott Laboratories said it would be cutting 200 positions.

    Electronics parts maker Jabil Circuit (JBL, Fortune 500) announced plans to eliminate 3,000 jobs on a global basis, and Japanese automaker Nissan (NSANY) said it would be cutting 110 U.S. jobs as it closes four regional offices.

    Computer maker Dell Inc. (DELL, Fortune 500) also said it would be reducing the size of its workforce, but did not specify by how much.

    Wednesday's announcements bring the total number of job cuts this week to more than 100,000. On Monday alone, seven companies from a broad range of industries announced a total of 71,400 job cuts.

    The news comes on the same day the Labor Department reported that the total number of mass layoffs in 2008 was the highest level since 2001.

    The government defines mass layoffs as those that involve "at least 50 persons from a single employer."

    First Published: January 28, 2009: 1:54 PM ET

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  • SonofMichael
    replied
    CHANGE. YOU CAN KEEP IT.

    Employers slash 598K jobs in Jan., most since `74
    Friday February 6, 8:55 am ET
    By Jeannine Aversa, AP Economics Writer
    Employers slash 598,000 jobs in Jan., most since `74; unemployment rate bolts to 7.6 percent

    Leave a comment:


  • SonofMichael
    replied
    You must be so proud to have voted for him at this point !!!

    Leave a comment:


  • SonofMichael
    replied
    Change is not always whats its cracked up to be...


    Jobless claims soar in grim labor market
    Jobless claims soar in grim labor market

    Leave a comment:


  • SonofMichael
    replied
    Some change is not so good

    Change you can't believe in

    Leave a comment:


  • Brit4064
    replied
    A change would do you good SoM

    Leave a comment:


  • mary Ireland
    replied
    I think in your case change is a good thing

    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by SonofMichael:
    Change. Is not always such a good thing. </div></BLOCKQUOTE>

    Leave a comment:


  • SonofMichael
    replied
    Dow 7,888.72 -260.29 (-3.19%)
    NASDAQ 1,467.19 -9.22 (-0.62%)
    S&P 813.94 -11.94 (-1.45%)

    Leave a comment:


  • SonofMichael
    replied
    Change. Is not always such a good thing.

    Leave a comment:


  • SonofMichael
    started a topic You're doing a h e c k of a job there Bama !

    You're doing a h e c k of a job there Bama !

    Change. Is not always such a good thing.
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