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Credit Suisse (NYSE: CS) is collapsing around the heads of its management. No one could tell that by going to the bank’s USA website. The most prominent message: Under the guidance...
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The European financial crisis has just claimed another 5,700 victims. That’s how many workers Ford Motor Co. (NYSE: F) will fire at two plants in the United Kingdom and one plant in Belgium as the...
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As corporate earnings are disappointing and as the economy remains very sluggish, companies are announcing big waves of layoffs. Some have said that the layoffs this time of year are seasonal, as...
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There is something to be said for the benefits of worker mobility, which helped define the U.S. economy from the 1950s until recently. People would relocate to find the best jobs. Employers had...
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National Employee Morale Day came to Dow Chemical Co. (NYSE: DOW) as it fired 2,400 people and closed 20 factories. America’s large industrial sector, which appeared to be on the mend earlier this...
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Wal-Mart Stores Inc. (NYSE: WMT) has entered another battle with some of its employees. The company has a history of complaints and lawsuits in a range of issues from discrimination against women to...
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The U.S. Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for September. Compared with August date, unemployment rates fell in 41 states and the District of...
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Advanced Micro Devices Inc. (NYSE: AMD), one of the weakest companies in the PC supply chain, just laid off 15% of its workers. That is about 1,800 people. The slow attrition of computer sales has...
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The Labor Department has released its weekly jobless claims and this week is a normalized number compared to last week’s huge artificial drop due to one large state not having their numbers...
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In the wake of the controversial 7.8% unemployment rate reported by the U.S. Labor Department earlier this month, Gallup today said that its nonseasonally adjusted rate fell from 7.9% at the end of...
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Amazon.com Inc. (NASDAQ: AMZN) will hire more than 50,000 seasonal workers to staff up its 40 U.S. fulfillment centers for the coming holiday shopping season. Amazon joins the ranks of other large...
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John Mathias Engler, the heavy-set former Governor of Michigan who is now the President of the Business Roundtable, recently addressed an audience of Detroit executives. At the core of his message...
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Advanced Micro Devices Inc. (NYSE: AMD) is trading slightly higher on reports that the troubled chip and processor outfit is likely to announce workforce reductions of up to 30% in the very near...
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Earlier this week we noted that some workers at Wal-Mart Stores Inc. (NYSE: WMT) had walked off the job at a few stores around the country. The walkouts were primarily aimed at alleged retaliation by...
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The Manufacturers Alliance for Productivity and Innovation (MAPI) issued the results of a new survey that confirm what most economists and business people already suspect. In its new outlook about...
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