When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
Mark Heschmeyer's weekly report, from CoStar. We'd heard about the DHL layoffs from our UPS driver. The NYTimes just reported one round of layoffs not mentioned here: up to 6,000 at Sun Microsystems: Crisis Spreads to Tech Sector as Sun to Cut Work Force.
A Weekly Report on Future Corporate Downsizings
In this week's issue:
* DHL cutting 9,500 U.S. jobs.
* Motor home, RV dales running out of gas.
* Fidelity Investments layoffs not 'mutually' exclusive.
* Plus, a whole new round of major U.S. corporation closures and layoffs were announced in: Alabama, Connecticut, Florida, Georgia, Indiana, New Jersey, Ohio, Pennsylvania, Utah and Virginia.
Read the full report.
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