Layoffs, Economic Crisis | featured news

Paterson Says He’ll Lay Off Workers Before Jan. 1

Gov. David A. Paterson cited the state’s financial problems in announcing a decision that reverses an earlier pledge.

 

New jobless claims drop more than expected

New jobless claims drop more than expected

The government says the number of newly-laid off workers seeking unemployment insurance fell last week, fresh evidence that layoffs are easing.

 

Private sector jobs data adds to economic hopes

Private sector jobs data adds to economic hopes

The pace of private-sector U.S. job losses slowed dramatically last month, while future planned layoffs also declined, and the hard-hit housing sector showed signs of improvement last week.

 

Sellers Woo Shoppers With Guarantees to Address Layoff Worries

Sellers Woo Shoppers With Guarantees to Address Layoff Worries

To get nervous consumers to buy, companies are promising refunds, and sometimes more, in the event of a job loss.

 

Striking French workers free boss

Striking French workers free boss

French workers at a factory south of Paris free their boss after holding him hostage in a dispute over lay-offs.

 

French workers hold boss hostage in latest labour dispute

Striking French workers of an American manufacturing company looked likely to hold their boss hostage for a second night on Wednesday after locking him in for more than 24 hours, as nationwide anger mounted over layoffs.

 

In Taiwan, unpaid leave instead of layoffs carries its own cost

The practice gives workers some security but, over time, employee morale still suffers.

 

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