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Tuesday, January 27, 2009

10,000 Today

Allegedly Wall St is now once again swooning for a bail out plan.

I'm not sure if this is good news or bad.

Either way, Americans are losing their jobs and that is very bad.

CNN: More than 10,000 job cuts announced Tuesday
...Corning Inc. announced it will cut 3,500 jobs...

...Baker Hughes announced it will cut 1,500 employees...

...Navistar International Corp...700 employees will lose their jobs as a result...

...Avery Dennison announced it will cut approximately 3,600 employees worldwide over the next two years...

Volvo Trucks North America announced permanent layoffs of 650 hourly employees in March and April at its plant in Dublin, Va...

...Weyerhaeuser...cut approximately 220 jobs...

...Target...to reduce costs including job cuts.

2 comments:

Glynn Kalara said...

Go ahead, fire everyone and eventually who do these companies think is going to pay for their products?

Jim Sande said...

Apparently somebody in China or India.
You know, that one guy over there.