Posted on 01/27/2009 6:36:42 AM PST by an amused spectator
ROCHESTER, N.Y. (AP) — Corning Inc. said Tuesday it is cutting 3,500 jobs, or 13 percent of its payroll, as demand slumps for glass used in flat-screen televisions and computers.
The specialty glass and ceramics maker, the world's largest maker of liquid crystal display glass, announced the cutbacks as its fourth-quarter profit plunged 65 percent to $249 million, or 16 cents a share, from $717 million, or 45 cents a share, a year earlier.
(Excerpt) Read more at google.com ...
Look at the upside. Scumbag American workers are out of a job.
Ask all those OBot suckups in the western tier how “hope and change” is working out for them....
Do you mean the savior is not saving. How redundant.
It would be a happier headline if it said “Cornell Workers” out of jobs
|
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.