Employers continue to close operations and slash jobs -- with as many as
14,000 more cut on Wednesday, bringing the week's total to close to 100,000 jobs lost.
Workers from all spectrums found out they may be losing their jobs -- from coffee baristas
to pharmaceutical workers to airplane manufacturing employees to corporate staffers -- as more companies joined
the chorus of employers facing mounting difficulties in a tough economic market.
Even as House Republicans were continuing in their partisan ways, voting against a
stimulus package that many mainstream economists support, Starbucks, Abbott Laboratories,
Allstate, and Boeing announced their plans. So, while the politicians in Congress stick to their
tired ways of voting party line, it's the workers and job-seekers who suffer the
consequences... the politicians don't have to worry about their jobs -- until the next election,
that is.
Starbucks, which previously announced plans to close 600 underperforming stores,
announced it will also close 200 locations in the U.S. and 100 overseas -- eliminating
6,000 store positions and 700 corporate jobs
Boeing Co. says it will cut an additional 5,500 jobs this year, bringing its total cuts to 10,000 as earlier this month,
it had announced plans to shed 4,500 jobs in its commercial airplanes division. These newly announced job cuts will be
across various other parts of the company.
In addition, Allstate Corp. announced it would be cutting 1,000 jobs over the next two years, while AOL
announced plans to cut 700 jobs, and Abbott Laboratories said it would be cutting 200 positions.
According to CNN.com, the three-day total for this week brings the total number of job cuts to more than 100,000.
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