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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (6285)	7/26/2001 7:31:10 AM
From: smolejv@gmx.net	Respond to of 74559

Companies are cutting jobs - take II Month Total January 36,300 February 30,000 March 58,500 April 67,900 May 11,700 June 3,200 July 98,300 Grand Total 305,900 Top 10 job cutters Enterprise Total Unilever 33,000 Motorola 30,000 Nortel 30,000 DaimlerChrysler 26,000 Ericsson 15,000 Lucent 15,000 ABB 12,000 Delphi 11,500 Philips 10,500 (based on numbers provided in the previous post) dj

To: smolejv@gmx.net who wrote (6285)	7/26/2001 10:27:15 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hi DJ, I just got on-line and was immediately confronted with the Alcatel announcement of 20k workers let go. 20k from Lucent, 15k from ABB, and now this. We will have armies of burger flippers in not too long a time. We will soon see just how different the world ex-Japan and Japan are actually different from each other, be it in banking health, interest rate, or populations' ability to cope with unemployment and deflation. Will the Alcatel workers be lining up outside Tiffany's, or vacation in Hawaii? If anything, I feel events are speeding up, as opposed to we are closing in on the bottom. I hope it is simply my imagination. Authoritarianism do have certain attributes that would be handy right about now. Chugs, Jay