Quantcast Celebrity Status Quo: Employers Slash Deep and Fast

Tuesday, January 27, 2009

Employers Slash Deep and Fast

Employers have tried to nip and tuck their labor costs by reducing overtime, shortening the workweek and freezing wages, but now, they are reaching for the saw.

On Monday alone, companies across the employment spectrum announced at least 62,000 job cuts around the world, including 47,000 in the United States, a stark sign that the economy continues to deteriorate.....

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Source: news observer

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