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6 more layoffs at my job today

Discussion in 'Political Discussion' started by PressCoverage, Oct 30, 2008.

  1. PressCoverage

    PressCoverage Banned

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    No buyout, no severence package... no warning ...

    Four full-time... 2 part-timers...

    2 young fathers who just bought houses in the past 2 years... 1 incredibly kind-hearted, soft-spoken 62-year-old man in poor health...

    this is only the tip of the iceberg...

    how's your workplace so far?

    share...
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    I'm retired, but worried as is everyone.. work part time, seems stable, but who knows.. the company I work for had a reduction in hours all summer.. but as I am PT not effected.

    My Bro in Law and Sister, are closing their photography business in Minnesota.. they do not know what they will do.
  3. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey


    Are you still in the newspaper industry?
    Very sad news indeed ... especially for the middle and older aged who lack good health ... nobody will want them.
  4. PressCoverage

    PressCoverage Banned

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    i am...

    the brass is currently "brain-storming" new ways to "remain competitive in a changing industry" so as to "continue bringing the public excellent service" and "keep adapting in an econmic downturn."

    blah blah blah... you know, damage control speech to a newsroom with little morale left... meanwhile, the roles of those people axed will all be absorbed by the rest of us, just like it was the previous time, and the time before that... in a year or so, 10 of us will be left behind to do the work of 100... and don't even think about overtime... ... new hires to replace them are out of the question, standard cost of living raises are frozen indefinitely...

    and what are those new ways to "remain competitive" besides axing people?

    - outsourcing copy editing of local news to India.... (not a joke)
    - purchasing a cheaper contract for limited AP wire access, elminating McClatchy and Scripps wire sources
    - eliminating the standard 50 cents on dollar paid out at the end of the year for un-used vacation time ... in other words: don't ever call in sick? don't take vacation time? you lose ...
    - merging and consolidating some news functions with a sister newspaper an hour away
    - raising the newstand cost (again) from 75 cents to $1 per day
    Last edited: Oct 30, 2008
  5. PatriotsReign

    PatriotsReign On the Roster

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    I work for a vitamin sales, marketing and manufacturing company out of California, but work from home here in MA. So far, we're having a record year in 2008. Seems that primary vitamin consumers are placing their nutritional supplements high on their priority list.

    Our core consumer is 55+ with incomes over $100K. Time will tell if the economy affects our sales. Since the majority of them are retired and on fixed incomes drawn from retirement savings, we may be safer than most. Especially since most have taken their money out of stocks years ago.

    Again....time will tell.
  6. cupofjoe1962

    cupofjoe1962 Rookie

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    Sorry to hear about the folks that lost their job.

    I am in the computer field of the banking/investment world (23 years OTJ).
    When Jamie Dimon took over our company a few years back, we all thought
    that they were going to close our site in MA during the datacenter
    consolidations.

    If my job relocates I am not sure if I will be going. my wife does not want to relocate and leave her family. She just thinks that I will be able to go out and get another job which will pay as well as my current job.

    The truth, most of the IT jobs (my field) have already moved out of state in the past 20 years. I would probably have to take a drastic cut in pay if
    I moved to another job within Massachusetts.

    In the past few months we have purchased a couple failing investment
    firms and regional banks. I am sure in the next couple years I will be sweating
    additonal datacenter consolidations.

    If I can survive another 15 years to retirement, I will consider myself a very lucky man.
  7. Wildo7

    Wildo7 Totally Full of It

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    don't worry Joe the Plumber will save us!
  8. PressCoverage

    PressCoverage Banned

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    i'm waiting for an affluent poster to arrive with obligatory sentiment along the lines of "you're not entitled to anything. Don't like it? find another job"

    should be any moment now...
  9. MrBigglesWorth

    MrBigglesWorth Rookie

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    Just imagine the sales industry and credit card companies. they thrived and were inflated now it's just like the mortgage crisis.

    this is what happens when you are a consumerism economy driven by senseless purchases of crap versus producing stuff that the rest of the world wants.

    i sincerely hope the next president puts an emphasis on the alternative energy industry but that's looking bad now that gas has decreased. greed will continually erode us as a country. we are under seige right now
  10. Wildo7

    Wildo7 Totally Full of It

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    well all I can say is that they shouldn't make excuses for themselves, they'll have 3 solid decades of opportunity ahead of them.
  11. PatriotsReign

    PatriotsReign On the Roster

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    Amex already announced they're laying off 7,000 employees. I'm sure we'll hear more from Discover, Visa & MasterCard in the coming weeks and months.

    Most so-called economic experts feel unemployment will bottom out around 8.5%. I strongly disagree and see 10% by end of 2009. Any thoughts?
  12. MrBigglesWorth

    MrBigglesWorth Rookie

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    it's very scary because these individuals will get desperate and have too much time on their hands. while we are at work no one will be watching our homes thus easy prey.

    plus it will drain unemployment.

    the next president needs to create projects to put these unemployed to work like the hoover dam. the sad thing is the bailout money maxed us out if that's possible. the american people will not be happy about more gov't spending on public projects to create jobs. it will be a tenuous situation.

    we exported production jobs too long and thought we were better than that and people wanted to make money overseas. 30 years of getting rid of production jobs is not going to get fixed quickly. it's going to be painful.

    the sad thing is people are going to be more on edge and will potentially pit neighbor against neighbor when our real problems are the politicians who don't listen to us(ie. voting down the bailout)
  13. PatriotsReign

    PatriotsReign On the Roster

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    The Hoover dam and other WPA projects are widely believed to have prolonged the great depression because the money used by the federal gov't to fund them is "created" money. In other words, no one invested real money in these projects to create long-term sustainable employment.

    However, on the positive side, they definately kept people from starving to death and prevented the anarchy to which you refer. It's a tough trade-off moving forward. And it's very scary.
  14. MrBigglesWorth

    MrBigglesWorth Rookie

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    question is how do you cut spending in govt and keep people working.

    we've grown as a people and nation because of credit. if you and tried to sustain a high lifestyle off of credit cards you eventually pay the piper and keep up with the interest rates.

    in reality with both candidates somebody has to pay the taxes and i don't see either candidate implimenting great tax breaks for the bottom 95% at least.

    we all know the market is going to crash big time in the future ahead.

    like it or not we are heading for extremely bad times. no one can live off of credit eternally.

    you may be right about prolonging the great depression.

    what does need to happen tho is that the bottom 95% needs money in their pocket to drive the economy and that will be a start. but we need to produce something
  15. PatriotsReign

    PatriotsReign On the Roster

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    I didn't mean to say that public works projects are a bad idea. I'd prefer a prolonged recession with fewer people suffering than to sacrifice lives to get to a more prosperous economic environment. The trade off is worth it...that goes without saying.

    I don't see us getting back to the size (GDP) economy we've experienced for 3-4 years and that means fewer tax dollars for the gov't to spend. So the difficult choice is, does the gov't give tax breaks so we have more to spend or do they increase taxes to fund employment projects...or I guess door #3 would be to give tax breaks AND spend more on public works by going deeper into national debt.

    What a wonderful position we have put ourselves in!:rolleyes:
  16. cupofjoe1962

    cupofjoe1962 Rookie

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    The biggest drain on unemployment is the trade unions.
    They spend half the year on unemployment.

    All my friends are in the trades.
    As soon as they get their hours in for the year, they have their benefits
    and can get laid off. They then collect the max, work on the side and unemployment does not require them to prove they are look for a new job.

    If the union hall calls, they do not have to accept the job offered and
    they can continue to collect.

    In a 25 year period, they can spend over 10 years on unemployment.

    I have worked 29 years since I got out of school and I have not collected
    1 day in my life. If I ever need unemployment, I will be on it for 9 months
    and then I will be cutoff. During that time I have to prove bi-weekly
    that I am looking for a job.

    My company pays into unemployment. I should have enough in my account to receive benefits for longer than 9 month, If I ever needed it.

    Unemployment is setup for the trades, and that is why they have never seen
    a democrat they did not support.
  17. PatsFanInMaine

    PatsFanInMaine Rookie

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    I am retiring again in January. That doesn't really put me in the ranks of the unemployed. I will be ok.
  18. Wildo7

    Wildo7 Totally Full of It

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    As a conservative you would think you'd support that. After all, aren't they just getting back what they paid into unemployment in the first place? Why do you want to steal their money? Are you a socialist?
  19. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I'm an affluent poster, I would have said that for you but you've got me blocked again-----------:singing:

    (Will somebody pass this on to Press Cover) every couple of months he gets upset with me and blocks me.
  20. cupofjoe1962

    cupofjoe1962 Rookie

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    I feel everyone should have a private account for unemplyoment.
    If you do not use your account for 25 years, you should have more in your
    account than the guy who uses his account yearly.

    If you are offered a job, you should not have the option to refuse the
    job because you are working on the side and you want to continue to
    collect.

    If you are on unemployment yearly, maybe it is time to look for a new
    trade.

    Too be honest..... I support the tax on unemplyoment benefits and I wish Obama would double it.

    The Unions are filled with democrat voting lemmings, who usually do not
    know the ballot question they are told to vote on...... All they know is
    .... vote no on question #1..... Ask them what is question #1 and you
    will get a Jerry Lewis confused look back in return.

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