Thursday, August 14, 2008

IF THIS IS A GOOD ECONOMY, I WOULD HATE TO SEE A BAD ONE....

Rockwell cuts 3,800, LTV lays off 600, Lubrizol cuts 150 jobs, American Greeting Cards cuts workers, Eaton cuts 200 jobs in chip-making operation, Sun liquidated with 2,800 losing their jobs, Hanna trims 260 workers and shuts down plant, Repulic buyer cuts 1,400 jobs, Bethlehem Steel cut 750 and closes operations, Weirton Steel lays off 300 workers, World Bank cuts 750 workers, Merrill Lynch cuts 3,400 jobs, TORO closes plants and lays off all workers, Huntington Bank cuts 1,000 jobs, Texaco, Royal Dutch Shell cut 4,000 jobs, Ameritech cuts 5,000 more, Carpet Barn closes all its outlets, Heinz cuts 390 jobs, Cummins Engine cuts 1,000, NBC cuts 250 jobs, Toys R US closes 59 stores, Chase cuts 90 jobs locally, Boston Chicken seeks bankruptcy protection, GE shuts New England plants, Goodyears plans more cuts, BF Goodrich vacates headquarters, Polaroid cuts 700 jobs, Venator Group closes 570 stores, Consolidated Gas cuts 2,600 jobs, Fruit of the Loom cuts another 5,000 workers and moves factories outside the USA- can not afford to pay $8 an hour wage to workers, INTEL cuts 5,000 jobs, Seagate cuts 20,000 jobs, Digital cuts 15,000 in merger with Compaq- Compaq moves factory to China, Boeing and other related companies cut 50,000 jobs, Scott Paper cuts 11,200 jobs, Wells Fargo cuts 2,000, Whirpool, Woolworth and International Paper announce large layoffs, MCI WorldCom cuts 2,500 jobs, Nabisco cuts 3,100 jobs and closes plants, Pioneer Standard cuts staff, Packard Bell lays off 1,000, AST Research cuts jobs, Kodak cuts 10,000 jobs, Goodrich to close 4 plants, Advance Lighting cuts 2220 jobs and closes a plant, Scrabble is set to C-L-O-S-E factory, Weirton Steel idles blast furnace, Mr Gasket elminates jobs and outsources production, Raytheon cuts 14,000 jobs, Kellogg cuts 525 salaried workers and 240 temporary workers, LSI Logic cuts 1,200 jobs, Liz Claiborne cuts 400 jobs can shuts down stores, Just Closeouts closing all stores, Huffy cuts 1,000 jobs and closed USA plant, Texas Instruments cuts 3,500 jobs, Gateway cuts 300 workers, TRW cuts 7,500 jobs, Stanley Works lays off 5000, PERSONAL BANKRUPTCIES JUMPED 19% to 1.34 MILLION-LOW PAYING JOBS WON'T RESCUE POOR, BUSINESS FAILURES SURGED 16% totaling 83,384 businesses failing, Cadence cuts 180 engineers, Siemens worldwide cuts 60,000 jobs, BF Goodrich closes down Corporate Headquarters in Akron, Ohio, BP America closes down corporate headquarters in Cleveland Ohio, Reliance Electric is gone after buyout by Rockwell International,......there were more cuts too in 1998 during the so called statistical prosperity. (IT THIS HAPPENED IN THE 1970s, THERE WOULD HAVE BEEN CONGRESSIONAL HEARINGS ABOUT THE PLIGHT OF THE AMERICAN WORKER.)