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Layoffs @ Work (pg. 4)
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| zoogla |
| quote: | Originally posted by malek
Toronto-Dominion Bank |
:o |
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| Dj Smitty20 |
| Sounds like you need a union. |
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| Pett |
yeah cause the unions are protecting the auto workers right now.
been laid off once 4 years ago, hoping that's it for me!
Feeling 99.999% secure right now thank god. |
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| Mortyman |
| quote: | Originally posted by English Rachel
It's everywhere hun.... |
Not true. My work hasn't laid off a soul. The stability of working for a bank. |
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| dEsidEL |
| quote: | Originally posted by malek
Encana ?!?!? :stongue: |
it's possible that they provide funding to other public infrastructure in an effort to help make them carbon neutral. i know that's what TD does in a number of cases where their own premises cannot be retrofitted, they'll end up providing funds to say a hospital to help them upgrade instead. I wish I had more info on it to share. When I heard it through work I thought it was a pretty interesting concept.
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| Skipper |
This list of first quarter layoffs came across the wire today:
Company Name Date of Number of Percent
Announcement Jobs Cut Work Force
Eastman Kodak 01/29/2009 4,500 18%
AstraZeneca 01/29/2009 7,400 11%
Ford Motor Credit 01/28/2009 1,200 20%
Analogic Corp. 01/28/2009 140 9%
Ferro Corp. 01/28/2009 125 2%******
Avocent Corp. 01/28/2009 170 8%
Boeing Co. 01/28/2009 10,000 6%****
Bowne & Co. 01/28/2009 200 6%
Sepracor Inc. 01/28/2009 530 20%
Allstate Corp. 01/28/2009 1,000***** 2.6%
Cabot Corp. 01/28/2009 500 12%
Skyworks Solutions 01/28/2009 150 4%
Citrix Systems 01/28/2009 N/A 10%
Jabil Circuit 01/28/2009 3,000 4.92%
AOL 01/28/2009 700 10%
Starbucks 01/28/2009 6,700 4%
SAP 01/28/2009 3,000 6%
STMicroelectronics 01/28/2009 4,500 9%
Avery Dennison 01/27/2009 N/A 10%
Baker Hughes 01/27/2009 1,500 4%
Corning 01/27/2009 3,500 13%
Cooper Industries 01/27/2009 2,200 7%
Clariant 01/27/2009 1,000 5%
Texas Instruments 01/26/2009 3,400 12%
Caterpillar 01/26/2009 20,000 18%
Home Depot 01/26/2009 7,000 2%
Sprint Nextel 01/26/2009 8,000 13%
Pfizer 01/26/2009 8,300 10%
ING 01/26/2009 7,000 5%
Philips Electronics 01/26/2009 6,000 5%
Corus 01/26/2009 3,500 10%
Harley-Davidson 01/23/2009 1,100 11%
Microsoft 01/22/2009 5,000 5%
Huntsman 01/22/2009 1,175 9%
Intel 01/21/2009 6,000*** 7%
UAL 01/21/2009 1,000 2%
Eaton 01/20/2009 5,200 6%
Bose 01/20/2009 1,000 10%
Rohm & Haas 01/20/2009 900 5.7%
Clear Channel 01/20/2009 1,850 9%
ConocoPhillips 01/16/2009 1,300 4%
Circuit City 01/16/2009 34,000 100%*
Pfizer 01/16/2009 3,200** 3%
AMD 01/16/2009 1,100 9%
Hertz Global Holdings 01/16/2009 4,000 13%
Wellpoint 01/16/2009 1,500 3.6%
Saks 01/15/2009 1,100 9%
MeadWestvaco 01/15/2009 2,000 10%
Autodesk 01/15/2009 750 10%
Motorola 01/14/2009 4,000 6%
Barclays 01/14/2009 2,100 1.3%
Neiman Marcus 01/13/2009 375 3%
Cummins 01/13/2009 800 2%
Seagate Technology 01/12/2009 800 10%
Cessna 01/12/2009 2,000 N/A
Walgreen 01/08/2009 1,000 9%
Lenovo Group 01/08/2009 2,500 11%
EMC 01/07/2009 2,400 7%
Logitech International 01/06/2009 500 5%
Alcoa 01/06/2009 15,000 14.5%
Cigna 01/05/2009 1,100 4% |
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| italarmo |
| quote: | Originally posted by Skipper
This list of first quarter layoffs came across the wire today:
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WOW! I feel sick to my stomach when i read the layoff rates...
Imagine all those people going home to their families and telling them that they don't have a job anymore. It sux!
My heart goes out the people that will have to sell their homes and cars b/c they can't afford it anymore. |
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| exstasie |
| quote: | Originally posted by italarmo
WOW! I feel sick to my stomach when i read the layoff rates...
Imagine all those people going home to their families and telling them that they don't have a job anymore. It sux!
My heart goes out the people that will have to sell their homes and cars b/c they can't afford it anymore. |
And that is exactly why we are experiencing the issue today
People were buying houses that they weren't able to afford in the first place and should have never been approved to buy.
The problem is though, they can't sell their house.
They owe more to the bank then they an in equity because of the decrease in the housing market...
They'll owe more money to the bank by selling their house so they can't even do that.
If had access to money I'd be buying up foreclosed real estate in the US. You can houses for nothing these days. I think that's what helped the increase in house sales in the US from Nov. to Dec.
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| Skipper |
| quote: | Originally posted by italarmo
WOW! I feel sick to my stomach when i read the layoff rates...
Imagine all those people going home to their families and telling them that they don't have a job anymore. It sux!
My heart goes out the people that will have to sell their homes and cars b/c they can't afford it anymore. |
Yeah, and that's just what has been announced in January I think. Doesn't include the financial industry carnage of 2008. |
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| exstasie |
| quote: | Originally posted by italarmo
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Get a load of this stat...
in 2008, Wall Street paid out a total of $18 billion in bonuses to the top execs...
It was a 45% decrease from the previous year, but still...alot of these companies were the recipients of TARP and stimulus funding lol
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| Sentinal |
I feel very lucky in these times. I currently work for Citi. 300000+ employees worldwide. They announced last fall that 57000 employees would be let go. I have seen ppl from different departments already get their pink slips. There are rumours that at the end of feb once the tax season starts to wind down 25-45 percent of our department is going to be axed.
Now normally I would be VERY worried about this but as good luck would have it I have just been hired by the Mississauga Transit, so as an employee of not on the government but also the public transit system not only is my job secure but I just got one massive raise.
So as government spend $$$ on infrastructure NOW is the time to apply for a job with them. They want to try and deflate the unemployment rate during these times as much as they can.
With private companies such as Citi, seniority doesnt matter, it is literally survival of the fittest and survival of the ass kissers. Sad to say but the employees that the boss and not the dog will likely keep their jobs. |
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| Inrush |
| Just finished school today. Gave my boss a call and im still working :) i start on a huge job that will take along time on monday! |
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