In Grim Economic Times, NASCAR Sputters
Jan 6th, 2009 · The economic slowdown has begun to pinch NASCAR. Stock car racing is an expensive sport and waves of layoffs are filtering down now that corporate sponsors are driving away.
keywords » layoffs
No Happy Holidays For Publishing ****
Dec 20th, 2008 · Big publishing companies such as Random House are in the midst of cost-cutting, layoffs, and corporate restructuring. Houghton Mifflin Harcourt has stopped acquiring manuscripts for the rest of this year. Host Scott Simon speaks to Charlotte Abbott, contributing editor for Publishers Weekly, about the woes of the book industry in the the thick of the holiday-shopping season.
Asia Not Immune To Job Cuts *
Dec 9th, 2008 · Asian exporters have been hit by the global economic slowdown. Now their employees are feeling the pain. Sony announced it is cutting 8,000 jobs from its electronics business, as part of a larger cost cutting plan. Sony's South Korean rival, Samsung also announced major cost cuts Tuesday — though no layoffs. Computer chip makers in Taiwan put workers on unpaid leave, as they struggle with the economic downturn.
Jobless Rate Rises To 6.7 Percent
Dec 5th, 2008 · The full weight of the recession has come bearing down on the labor market. Employers shed more than half a million jobs in November. The unemployment rate is now 6.7 percent and economists expect it to go significantly higher. Layoffs are accelerating in just about every industry.
Book Industry Enters Shaky Chapter
Dec 5th, 2008 · No one thought that publishing would be spared from the current economic turmoil. But recent news of layoffs, reorganizations and salary freezes has stunned the book world, which was already grappling with challenges to its traditional business model.
How To Properly Lay Off Workers *
Dec 5th, 2008 · The labor market just keeps getting worse. AT&T, Dupont, NBC and Credit Suisse announced layoffs this week — and they weren't alone. Throughout the business world, managers have been calling people in, and giving them the bad news. There can be a right way — and a wrong way — to let workers go.
'Main Street' Deflation Influences Obama's Cabinet Picks *
Nov 25th, 2008 · Yesterday, President-elect Barack Obama announced his top economic appointments, including Timothy Geithner as Treasury Secretary. The highly anticipated unveiling came as America faces a number of economic woes, including home foreclosures, massive layoffs and Wall Street turmoil. Money coach Alvin Hall and NPR's David Kestenbaum discuss deflation, Obama's stimulus and its impact on Main Street.
Companies Looking Everywhere To Cut Costs
Nov 20th, 2008 · As companies try to survive the rough economy, they are cutting costs. The person in charge of deciding where and how deep to cut, is often the chief financial officer. CFO Magazine recently interviewed more than 300 CFOs, and nearly half said they plan to layoff workers. Kate O'Sullivan, a writer with the magazine, tells Steve Inskeep that companies are also looking at hiring freezes and reductions in overtime.
Related Interesting Stories:
|