Tuesday, February 17, 2009

Sir, May I have Another... Layoffs

(Originally posted Jan 29, 2009)

(previous layoff news)

corning logo Corning has had a few lives since its inception.  Its latest includes the glass used in flat screens, both computers and televisions. 

Given that demand for both those consumables has softened a bit, Corning is laying off 13% of its workforce - about 3,500 people

ashland Chemical company Ashland is freezing wages (big surprise), adopting a 2-week furlough program, and, of course, cutting 1,300 jobs

boeing logo Boeing is dive-bombing about 10,000 jobs.  Thanks to its union workers striking, and slowing down their revenue stream even further - very smart, guys

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