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Unemployment & Downsizing

Ireland escapes brunt of eBay job cuts

eBay has announced that it is laying off 10% of its workforce, about 1,000 permanent employees and several hundred temporary workers. A spokesperson for eBay in Ireland says there will be fewer than 10 job losses here. eBay...

Textile mills cut production on rising input costs

Textile mills across India are reducing their capacities due to unfavourable market conditions. The input costs have risen drastically and that has resulted in closure of many mills in North India,” said Sunil Jain, chairman...

40 staff cut from ailing KAZ

Mahesh Sharma | October 07, 2008 TELSTRA is pushing ahead with chief executive Sol Trujillo's plans to fix its ailing technology services arm KAZ. It has cut 40 staff as customers desert the business. The redundancies, tipped...

Will your IT job survive the meltdown?

By: Tom Kaneshige - InfoWorld (07 Oct 2008) More immediate layoffs may come out of the IT management layer, but experts warn that once firms determine their needs at spike in rank and file job cuts might soon follow... Fearful...

Kraft to cut several hundred jobs

By Mike Hughlett | Tribune staff reporter Kraft Foods is slated Monday to announce layoffs in its North American operations, a cost-cutting move that could result in the loss of several hundred jobs. Still, the cuts are...

Is It 1929 Again?

Watching the slipping economy and Congress's epic debate over the unprecedented $700 billion financial bailout, it is impossible not to wonder whether this is 1929 all over again. Even sophisticated observers invoke the...

Suncadia resort in Cle Elum announces layoffs, closures

Associated Press CLE ELUM -- Suncadia resort near Cle Elum has laid off 14 management employees and an undisclosed number of other workers. Managing director Ron Olstad said that in addition to the layoffs announced this week,...

Financial crisis darkens outlook for climate talks

by Staff Writers Paris (AFP) Oct 5, 2008 Wall Street's sickness and its contagiousness for the world economy are bad news for the already faltering effort to craft a new pact to tackle climate change. Officially, at least, the...

Squeezed by financial crisis, Americans shift back to thrift (AFP)

WASHINGTON (AFP) - With US financial institutions foundering and credit tightening, Americans are rediscovering thrift as they shop more wisely, forego holidays and even barter in shops to live within their means.

`Reversal of Fortune` for Black Americans

A report shows that the Black American economy went into reverse eight years ago, roughly the time George Bush entered the White House. Black America has experienced a "Reversal of Fortune" since roughly the time George Bush...

               

Subcategories

Unemployment , Downsizing