Posted on 07/06/2009 6:40:01 PM PDT by GOP_Lady
Number of layoffs since Nov. 1, 2008, at America's 500 largest public companies.
(Excerpt) Read more at forbes.com ...
Let's track it, fellow Freepers!
Too many people are losing their jobs.
Joe Biden is still using the word "inhereted" (the bad economy) in the news today after he said this administration "misread" it.
PING!
Forbes is complicit and I cancelled my subscription. One of their guest columnists is one of Obama’s closet supporters who bankrolled the beginning of his campaign. Forbes helped get him elected.
Joe Biden is still using the word "inhereted" (the bad economy)
Well telling the truth about the inheritance won't conceal the fact that they're clueless about trying to fix it.
One columnist?
I, myself, would have kept faith with Steve Forbes.
Great site! Of course, layoffs are better than permanently lost jobs. It means people have a chance of going back to work when the economy picks up.
Theoretically true, but not realistic. Those jobs are gone. If the company rehires, it’ll get other people it will have to train because the ones were fired have moved on to other things. Layoff = permanently out of work
In my Fortune 100 company, what they did was to trickle the layoffs over the course of 18 mos., but create those positions in India (or hire H1-Bs here) to replace those laid off.
I suspect there are a lot of Fortune 500 companies who've done something similar.
True. Being laid off in today's world is the same as being told "you're fired." The jobs are eliminated, or lower paid help is hired and in some cases the company eventually ceases to exist.
I agree.
When I was laid from IBM last Jan, there was very little doubt that it is permanent.
IBM is on the list that posted.
I hope you find something better real soon.
Have already started a Masters in Professional Counseling. Getting out of engineering altogether. Probably the best thing that has ever happened to me, after I got over the ego slam.
Thanks for the thought, though.
Been there and done that throughout my illustrious peon career.
My poor brother-in-law has lost two jobs in the last four years.
Best wishes to you. I can tell you are the type to succeed. :-)
Snippet: ....Its "maquiladora" is one of hundreds of American-owned factories on the Mexican side of the border that labor leaders say have cost tens of thousands of Americans their jobs.
Maquiladora Industry and NAFTA
Snippets: About 95% of maquiladora plants are of either Mexican or U.S. origin. See Figure 2. Many of the largest U.S. corporations have maquiladora plants including: AT&T, Cooper Industries, Ford, General Motors, General Electric, Johnson & Johnson, Zenith, Chrysler, DuPont, Eastman Kodak, IBM, Kimberly-Clark, PepsiCo, and Xerox.
Zenith Electronic's Mexican Maquiladora Factories
Snippets from 1994 article: Zenith is no newcomer to the thirty-year old free trade experiment known as the maquiladora industry. It has been operating maquiladora plants at the Mexico-U.S. border since the late 70's, and is one of the largest maquiladora employers in Mexico.
As of April 1994, thousands of Zenith workers in Reynosa, Mexico subsidize the company with earnings that average 76 cents an hour, or about $34.00 for a 45-hour workweek. Worker activists in Zenith's maquiladoras report that many workers frequently work double shifts merely to survive. In Reynosa, Zenith keeps wages low by taking advantage of a high unemployment rate and the flood of 5,000 people who pour into town each month in search of work.
When confronted with questions about its low wage rates, Zenith shirks responsibility by stating that the company is an "average" payer in the area, and that wages and benefits are negotiated through the union. However, maquiladora workers usually see their unions maintain an attractive investment climate for U.S. multinationals, which includes controlling the workforce by keeping wages low. The unions at Zenith have done a fine job in colluding with Zenith's low-wage strategy: "We have to keep the company alive," maintained Zenith CEO Jerry Pearlman in a Wall Street Journal interview in late 1992, as he explained how Zenith was saving "$20,000 for each worker, or an annual savings of $20 million a year."
I see from the article that 3M just laid off 200 in Massachussets. Shows how well government health insurance preserves jobs.
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