COBRA

Mike: Good day to all. Today proved to be a milder day for layoff announcements. The report of Schlumberger’s 6000 layoffs was the big news of the day, but we’ll wait for confirmation from additional sources to get the exact number. Unemployment is still going to bean issue moving toward any kind of recovery, but […]

Continue reading about March 24 – Report: Schlumberger cutting another 6,000 jobs – Leoni cuts 4,000 jobs – Hospira to eliminate 1,450 – Lionbridge erases 325

Mike: Today is shaping up to be a quiet day on the economic report front, but layoff announcements are numerous and large this Friday. Mike: The following story illustrates one of the reasons why so many are upset at the AIG bonuses. The union rejected a contract offer for further lowering of wages, which may […]

Continue reading about March 20 – AIG bonus fiasco continues – FedEx to chop 1,000 more jobs – Rio Tinto Alcan to can 1,100 – ThyssenKrupp to cut > 3,000 – Shut down begins and 1400 jobs ending at New Process Gear

Mike: Good day to all. Tuesday is shaping up as a busy day in the layoff announcements department. Today we can also see the state of retail sales Store Sales and Housing Starts. Mike: As you can see from the stories below, there is little reason to not understand why a university education now costs […]

Continue reading about March 17 – Clemson administrators defend pay hikes amid cutbacks – Caterpillar dumps another 2,454 – UTC: 2,000 To 3,000 Conn. Jobs At Risk – 1,700 more done at Nokia – Dana to cut 800 more jobs – New-home construction rises sharply – Layoffs Coming To MySpace?