Economy
Challenger Gray Layoffs Dominated By Ten Firms (VZ)(WMT)(M)(XRX)(LMT)
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Challenger, Gray & Christmas announced that layoffs disclosed by major US firms last month hit 71,482 in January up from 49,094 in December.
Downsizing at ten companies made up a third of the total:
Verizon (VZ): 13,000 Wal-Mart (WMT): 11,000. New United Motor: 3,698
Xerox (XRX): 2,500 Smurfit Stone: 2,185 Georgia State Prison System: 1,550 Macy’s (M) 1,500
Sam’s Club: 1,500 Birmingham, Al: 1,380 Lockheed Martin (LMT): 1,200
Douglas A. McIntyre
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