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Wed, 30 Jan 2002 12:40:47 -0500 |
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OK guys it's simple - profits.
Our sales are down, inventories are up. How can we keep operating at excess capacity if sales are down, inventories are not going down, and workers must be paid?
Perhaps I should tell you I work in the hosiery textile business and times are especially tough for the textile industry. Women are not buying hose like they used to, and so business is down. I don't like it, but as a person who works for private industry and has to ultimately answer to shareholders, I can understand.
By cutting down now, we are avoiding bigger layoffs in the near future. Also a division is moving to this area and so some of our laid-off employees will be able to find jobs within the corporation.
Kat
"St. John's University Cerebral Palsy List" <[log in to unmask]> wrote:
> COULD BE
-----Original Message-----
From: Cleveland, Kyle E. [mailto:[log in to unmask]]
Sent: Wednesday, January 30, 2002 12:03 PM
To: [log in to unmask]
Subject: Re: Lay-Offs
I don't understand why the level of layoffs when the recession is just not
that bad!? 4th qtr GDP was even in the black. Could it be that the 'boomer
age CEOs are more cold hearted and greedy than their predecessors?
-----Original Message-----
From: Kathleen Salkin [mailto:[log in to unmask]]
Sent: Wednesday, January 30, 2002 11:42 AM
To: [log in to unmask]
Subject: Lay-Offs
They did it again...my company has just announced lay-offs in my division -
358 at our plant in Jamaica and 60 here at our headquarters. I'm thankful
to say, yours truly still has a job. However I will miss those of my work
mates who no longer have jobs. Seems every time we go through this, my
world gets smaller
Kat
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