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The largest layoffs came in February 2009, when the company let go of 50,000 people -- almost 20% of its workforce. Those cuts, however, weren't enough to keep the company solvent.
Plenty of job news is in this morning, starting with the Challenger Gray & Christmas layoff data. The firm announced that layoffs from major U.S. corporations increased by 31 percent in July to ...
More good news on the job front. The Labor Department announced today that the number of people filing for unemployment benefits fell, just slightly, but it's the first time that has happened in ...
September 2010 - 27,000 jobs lost (According to U.S. Labor Department, 64,000 private sector jobs are added but a net loss of 95,000 jobs are due to government layoffs) [7] [8] October 2010 - 220,000 jobs created (Private sector jobs net increase)
Hopping on October's layoff train, Forbes began its third round of massive cuts by laying off staff at its sales and marketing departments yesterday morning. The company laid off more staff.
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The Tonghua Iron and Steel Group riot was a riot incident that took place in Tonghua, Jilin, People's Republic of China on July 24, 2009. Angry workers rioted after news of a major company layoff. About 100 people were injured in the clash including a corporate executive who was beaten to death in the event. [1] [2]
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]