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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Tommaso who wrote (22008)	1/23/2005 11:28:32 PM
From: mishedlo	of 116555

Detroit Area Layoffs Job Cuts Include Teachers In Madison Heights Schools Layoffs To Bring Savings Of $800,000 More than a dozen teachers in Madison Heights are among the 50 employees expected to be laid off or have their schedules reduced because of benefit and retirement plan increases. The announcement came at a special Board of Education meeting for the Madison District Public Schools Thursday night at Wilkinson Middle School on John R Road. The changes are expected to go into effect Monday, Local 4 reported. The remaining employees affected include janitorial staff, secretaries, cafeteria workers and teaching assistants, the station reported. The layoffs will bring a total savings of $800,000 to the school district, according to the report. clickondetroit.com ===================================================================== Firing teachers to fund benefit and retirement plan increases. Why is anyone upping retirement plan benefits these days? Everyone else is trying to dump them. Mish

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