[peeker01]

Wait for it........1994 data showing the foolishness of mankind.

[dohboi]

whatever

[dohboi]

It's usually everyone else who is shouting how it all boils down to population. I think that is overly simplistic, but those in China and India are going to want to use oil and to be employed. There will be huge pressures to accept more and more climate and famine refugees as things go south.

[lowem]

reuters.com :

$this->bbcode_second_pass_quote('', 'C')isco Systems plans to cut 15 percent of its jobs and sell a factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes. The cuts are deeper than what financial analysts expected. The company said on Monday that it will cut 11,500 jobs, compared with the several thousand that analysts predicted. The cuts come after Cisco's chief executive John Chambers said in April that the company lost its way.

[eXpat]

HSBC to slash 30,000 jobs as revenue stagnates
$this->bbcode_second_pass_quote('', 'L')ONDON (MarketWatch ) — HSBC Holdings PLC said Monday it is slashing around 30,000 jobs to cut costs and revamp its business, as the banking giant follows through on a May plan to withdraw from some countries and refocus its operations on high-growth markets.

On top of 5,000 jobs already under the axe in the U.S., U.K., France, Latin America and Middle East, around 25,000 further roles will be cut between now and 2013, Chief Executive Stuart Gulliver told reporters. He said the bank is still hiring in some countries, though, and that the net headcount reduction could be much smaller.
...
Gulliver in May presented a strategic plan for the bank to shave up to $3.5 billion from its annual cost base by 2013, exit retail banking in some countries and tap a growing base of wealthy consumers in target markets.

So far, the bank has said it will stop offering retail banking in Russia and Poland, and has started reorganizing its operations in several other countries.

[jdmartin]

How come this thread isn't stickied like the earlier thread?

[Ferretlover]

FYI:
Boeing to close plant in Wichita by 2013
$this->bbcode_second_pass_quote('', 'T')he Boeing Co. announced Wednesday it plans to close its Wichita, Kan., manufacturing plant by the end of 2013. As 2,160 employees lose their jobs, aircraft production will be transferred to Boeing facilities in Texas, Oklahoma and the Puget Sound area. The net gain of jobs in the Puget Sound region will be minimal – 200 jobs to begin, with the number diminishing as production continues – and officials anticipate that most positions will be filled in Everett and perhaps at Boeing Field south of downtown Seattle. …

[KingM]

I don't understand what this has to do with "worldwide layoffs." This doesn't seem to be anything outside the normal pattern.

[Ferretlover]

... sigh ... I know that some people don't think so, but the US IS part of the world; and, it is not that it is out of the norm, the point is the well-known companies that are shutting down.
That, is spite of the cheery employment numbers that came out today (HLN), there are not only a lot of people out-of-work, now there will be thousands more.
Since I haven't seen the numbers yet, I won't go into explaining the reduction numbers of military personnel that was mentioned today in the "reducing the US military" stories.
Can I explain anything else for you?

[KingM]

$this->bbcode_second_pass_quote('Ferretlover', '
')Can I explain anything else for you?

[Timo]

Macy's and Bloomingdales are closing a bunch of stores, too.

Looking at this from the non-doomer POV, one could simply conclude that the old adage that the bigger they grow, the harder they collapse. All major empires and civilizations collapsed, theoretically - at least, because they grew too big to be able to adequately defend themselves. Apply the same logic to capitalism. Capitalism requires competition, and a great number of businesses now have grown too big to sustain their operations in light of equally strong competition. They're scaling back their operations in order to avoid a complete collapse. Maybe the Roman Empire would have hung on if they'd've employed this philosophy. Maybe not. I wasn't there and don't know exactly what was going on at the time. But, we can easily see that Boeing grew (perhaps) too dependent on government contracts, and every single Tea Partier and almost every Republican (and even some Democrats) recognizes that the Government is too big. Hence, the big, mighty giant of government is starting to contract, and that contraction takes with it a whole lot of jobs that went along with it. Extrapolate the spin-off effects of this contraction, and there is a lot less money in the economy for people to spend, which affects the retail giants, all of whom have developed their own planetary gravitation pull for consumer dollars. Hence, they contract, too, in order to prevent collapsing completely. Now, the non-doomer would look at all of this going on and come to the conclusion that the goods and services provided by those mega-giants won't disappear, and whereas those giants killed off countless mom-n-pop local businesses, the die-off of the giants leaves an opening for local economies to re-emerge, thus reducing the total number of unemployed. Now, i'm not saying these layoffs are at good thing, at least not initially, but hese layoffs might be the beginning of an actual, sustainable economic balance. Things got too big to sustain, and the contractions might just be a good thing in the long term, meaning that the resulting level of economic activity might be more sustainable for everyone. Only time will tell.

[Duende]

Timo wrote:
$this->bbcode_second_pass_quote('', 'N')ow, i'm not saying these layoffs are at good thing, at least not initially, but these layoffs might be the beginning of an actual, sustainable economic balance. Things got too big to sustain, and the contractions might just be a good thing in the long term, meaning that the resulting level of economic activity might be more sustainable for everyone. Only time will tell.

[Shaved Monkey]

Looks like there are a few temporary jobs in Australia if you have skills and dont mind an isolated, stinking hot or humid environment.
$this->bbcode_second_pass_quote('', 'U')nited States construction workers will be encouraged to work in Australia in a bid to address Australian skill shortages and US unemployment levels.
Senator Evans said that the need for extra construction workers in civil and heavy engineering trades was temporary - with demand likely to peak over the next three to five years - for mining and infrastructure projects. He said the government was wary of training up large numbers of Australians who would then be left unemployed when the peak subsided.
US Ambassador to Australia Jeffrey Bleich said that unemployment in the US was currently at about 8.3 per cent.
"This is a real win-win for both of our nations," he said. "No job will be taken away from Australians."

[lowem]

news.yahoo.com :

$this->bbcode_second_pass_quote('', 'S')wiss bank UBS AG is expected to cut up to 10,000 jobs, or 16 percent of its workforce, as it contends with shrinking revenue and rising capital requirements, a source familiar with the matter said, in what would be one of the largest layoffs by a bank since the financial crisis. Switzerland's biggest bank is expected to make the cuts across the firm globally, but the bulk of the losses are likely to occur in its hard-hit trading and investment banking areas.

[lowem]

news.yahoo.com :

$this->bbcode_second_pass_quote('', 'S')ony Corp said it will cut staff in its headquarters by a fifth and shutter a factory making camera lenses and mobile phones in Japan, providing new details of a previously announced plan to trim its global headcount by 10,000 by end-March. In addition to 1,800 at a chemical business it sold to a state-run bank in Japan, Sony will let go roughly another 2,000 people from its head office and plant in Gifu, central Japan ...

[SeaGypsy]

$this->bbcode_second_pass_quote('Shaved Monkey', 'L')ooks like there are a few temporary jobs in Australia if you have skills and dont mind an isolated, stinking hot or humid environment.
$this->bbcode_second_pass_quote('', 'U')nited States construction workers will be encouraged to work in Australia in a bid to address Australian skill shortages and US unemployment levels.
Senator Evans said that the need for extra construction workers in civil and heavy engineering trades was temporary - with demand likely to peak over the next three to five years - for mining and infrastructure projects. He said the government was wary of training up large numbers of Australians who would then be left unemployed when the peak subsided.
US Ambassador to Australia Jeffrey Bleich said that unemployment in the US was currently at about 8.3 per cent.
"This is a real win-win for both of our nations," he said. "No job will be taken away from Australians."

[lowem]

news.yahoo.com :

$this->bbcode_second_pass_quote('', 'T')he Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing facilities as part of a restructuring plan aimed at coping with slowing economic growth in Europe and elsewhere. The manufacturing giant said Tuesday that the job cuts amount to 5 percent of the company's workforce worldwide. Dow expects the strategy will result in roughly $500 million in annual cost savings by the end of 2014.

[lowem]

news.yahoo.com :

$this->bbcode_second_pass_quote('', 'D')uPont slashed its earnings forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, signs that demand for the chemical company's lucrative paint and solar products is slipping around the world. The job cuts by the company, which also makes Kevlar bulletproof fiber and Corian countertops, marks one of the more extreme reactions to slipping demand and global economic uncertainty so far in this earnings season. Demand fell around the world, most sharply in Asia and Europe, hurt by higher prices for titanium dioxide, a key pigment used to make paint and a market DuPont dominates, and pastes used to make solar panels.