Layoffs

American Airlines Cuts 1,200 More Jobs – Welcome to the Recovery!

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My Two Cents:  Although the article is not clear, it appears that a certain amount of these jobs will be replaced with outsourced (ie, cheaper) workers.  This is just part of a larger structural trend that many have discussed regarding the fact (which is evident from tax receipts) that the jobs being “created” are increasingly lower paid or part-time.  While I have no … Read more

Kenworth to Layoff 10% of Workforce

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My two cents:  More signs of the economic recovery have arrived.  Kenworth (trucking company) is about to layoff 10% of its workforce at its Chillicothe, Ohio plant.  Interestingly, the plant manager Scott Blue states that it is an industry-wide phenomenom and they still have record market share.  He goes on to state “With the market … Read more