The drumbeat continues. Has there ever been a week like this in terms of job losses? The number of workers being slashed by major corporations is pushing 80,000 this week alone.
We heard from Sony, Home Depot, Caterpillar, DuPont and others earlier this week.
Yesterday a couple of very familiar names in Delaware County were among those added to the roll call.
Both Boeing and SAP indicated they are looking at some very big cuts. Nationally, Boeing indicated it will drop an additional 5,000 jobs, bringing their total to 10,000. Boeing is one of the county’s biggest employers and has 5,000 workers at its Ridley plant. It’s still too early to tell if cuts will affect Delco workers.
At SAP, it was the same story. The German-based software maker said it would lay off 3,000 workers. Some of those cuts will hit their North American headquarters, which is on West Chester Pike in Newtown.
It’s the state of the state as well. Gov. Ed Rendell alerted state unions that Pennsylvania workers will be subject to furloughs. Rendell has indicated as many as 2,000 workers may be laid off, or the state could implement rolling furloughs, shutting down different departments on different days.
Just how bad are things?
Remember the old yard about neither rain, nor snow nor sleet keeping the mailman from his or here appointed rounds? That apparently did not take into account an economic meltdown.
The Postal Service yesterday floated the idea of cutting one day of delivery, going from service on six days to five.
And then there’s Starbucks. The ailing Seattle coffee icon announced it would close more under-performing stores. It also is telling stores not to brew decaf coffee after noon. You’ll still be able to get it, but it will done by the serving, not as part of the routine.
Who needs decaf in these harrowing times? It’s going the same was as the $4 latte.
The Chinese this week are ushering in their new year, the Year of the Ox.
For the rest of us, it just might be the Year of the Ax.
We heard from Sony, Home Depot, Caterpillar, DuPont and others earlier this week.
Yesterday a couple of very familiar names in Delaware County were among those added to the roll call.
Both Boeing and SAP indicated they are looking at some very big cuts. Nationally, Boeing indicated it will drop an additional 5,000 jobs, bringing their total to 10,000. Boeing is one of the county’s biggest employers and has 5,000 workers at its Ridley plant. It’s still too early to tell if cuts will affect Delco workers.
At SAP, it was the same story. The German-based software maker said it would lay off 3,000 workers. Some of those cuts will hit their North American headquarters, which is on West Chester Pike in Newtown.
It’s the state of the state as well. Gov. Ed Rendell alerted state unions that Pennsylvania workers will be subject to furloughs. Rendell has indicated as many as 2,000 workers may be laid off, or the state could implement rolling furloughs, shutting down different departments on different days.
Just how bad are things?
Remember the old yard about neither rain, nor snow nor sleet keeping the mailman from his or here appointed rounds? That apparently did not take into account an economic meltdown.
The Postal Service yesterday floated the idea of cutting one day of delivery, going from service on six days to five.
And then there’s Starbucks. The ailing Seattle coffee icon announced it would close more under-performing stores. It also is telling stores not to brew decaf coffee after noon. You’ll still be able to get it, but it will done by the serving, not as part of the routine.
Who needs decaf in these harrowing times? It’s going the same was as the $4 latte.
The Chinese this week are ushering in their new year, the Year of the Ox.
For the rest of us, it just might be the Year of the Ax.
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