Psychoblues
01-29-2008, 02:26 AM
Is the wild rush of American technology to relocate overseas catching up to us? This is horrendous for American workers and their families!!!!!!!!!
"Corporate executives are poised to start making substantial cutbacks in their staffing, according to a new forecast by employment consulting and legal firm Career Protection.
In fact, the firm is predicting a 37% increase in layoffs this year over last, based on a survey of more than 1,300 corporate executives and senior level officials that was conducted earlier this month.
The layoff forecast registers as the worst in the last five years, according to Career Protection officials. They also indicated that the firm has already been “inundated” with inquiries from employees at a number of companies that announced layoffs earlier this month, including Bear Stearns, Chrysler, Citigroup, Ford, Covidien, General Motors, IndyMac and Sprint Nextel.
If there is a silver lining, it’s that the executives surveyed said that they do intend to provide severance packages to employees whose positions are eliminated. Broadly speaking, however, these severance packages will not be as generous as those that have been paid out in recent years, according to the Career Protection survey.............."
Much More: http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080128/REG/600868279/1036
These are not jobs being displaced by superior technology, education or even superior abilities!!!!!! These are jobs lost due to corporate malfeasance and the inabilities of the corporomasters to see the light at the end of the tunnel. They are quite satisfied with the candle on the way. This is the sham of current American capitalism and Republican politics!!!!!!!!!!!!
"We have to lay them off here or we'll have to lay them off there", corporatists argue!!!!!!!!!!!!!
"Corporate executives are poised to start making substantial cutbacks in their staffing, according to a new forecast by employment consulting and legal firm Career Protection.
In fact, the firm is predicting a 37% increase in layoffs this year over last, based on a survey of more than 1,300 corporate executives and senior level officials that was conducted earlier this month.
The layoff forecast registers as the worst in the last five years, according to Career Protection officials. They also indicated that the firm has already been “inundated” with inquiries from employees at a number of companies that announced layoffs earlier this month, including Bear Stearns, Chrysler, Citigroup, Ford, Covidien, General Motors, IndyMac and Sprint Nextel.
If there is a silver lining, it’s that the executives surveyed said that they do intend to provide severance packages to employees whose positions are eliminated. Broadly speaking, however, these severance packages will not be as generous as those that have been paid out in recent years, according to the Career Protection survey.............."
Much More: http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080128/REG/600868279/1036
These are not jobs being displaced by superior technology, education or even superior abilities!!!!!! These are jobs lost due to corporate malfeasance and the inabilities of the corporomasters to see the light at the end of the tunnel. They are quite satisfied with the candle on the way. This is the sham of current American capitalism and Republican politics!!!!!!!!!!!!
"We have to lay them off here or we'll have to lay them off there", corporatists argue!!!!!!!!!!!!!