It is almost a cliché that layoffs lead to higher mortality rates, but now there is science to back up some of the anecdotes. Michael Luo of The New York Times reports on the three men laid off from a Lackawanna steel plant who suffered heart attacks in the More…
As job creation continues to be the caboose of economic recovery, employment experts of all stripes are hiking the pressure on Congress to tackle the crisis by encouraging employers to cut hours rather than firing workers. And more and more lawmakers are taking heed.
Seventeen states have already adopted so-called More…
Whirlpool should be used to protests after plant closures by now: After shutting down factories and laying off workers in Newton, Iowa, Herrin, Ill., and Searcy, Ark., in 2006, in LaVergne, Tenn., and Reynosa, Mexico in 2008, and in Fort Smith, Ark., and More…
Justin Elliott notices that TheConservatives.com, the Web hub slowly rolled out over 2009 by The Washington Times, appears to be dead. I’ve asked an editor of the Website what the status is, but a cloud hung over the site soon after it officially launched. Weeks after John Solomon More…
In a sign of the reach and depth of this financial crisis, even lawyers are getting the layoff ax. The Wall Street Journal’s law blog wrote that Thursday was possibly “the darkest day ever” for big law firms, and it tallied up the damage.
The day’s wreckage:
DLA Piper
Well, this is no way to start a Monday: First, Citigroup announces it plans to cut 53,000 jobs, the Wall Street Journal says.
Then, economist Rebecca Wilder at News N Economics chimes in with her prediction of more “mass layoffs” set to explode in the current recession.
From Wilder:
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