Posted by don t-9n180179 on January 15, 2009 at 04:11:21 from (209.112.94.186):
In Reply to: Re: Denial? posted by jd b puller on January 14, 2009 at 20:11:24:
"There are companies out there making huge profits, but they continue to cut back".... Im not a farmer in any sense of the word, but I enjoy the knowledge and candor of this forum. The co. I work for, according to their annual report made 5.6 percent profit. Not huge, but its a profit. A week ago they announced a 9 percent (1000 people) reduction in staff because expences are to high and 5.6 wasn't good enough. What most people that I talked to didn't realize was this was for this fiscal year only, and the program runs for 3 years. There will be more layoffs, they just aint said it directly.
Why do I have a feeling that the managers and above, that caused the high expences, will not be a part of the 9 percent reduction?
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