Also see: Job Cut Juxtaposition
"Layoffs keep coming in New England" by Todd Wallack, Globe Staff | April 25, 2009
As the recession grinds on, several more New England companies said this week they plan to cut hundreds of jobs.
Well, those just offset all those great green and stimulus jobs the Globe is always touting. Pffft!
And whadda ya mean the recession is grinding on? It's really a depression, isn't it, and you just aren't telling us, aren't you, MSM? You didn't tell us about the recession for ten months and are now telling us we are coming out of it -- or there are signs to that effect, which is the same sort of shit lies we've heard from you on damn near everything? Pfffft! Not around here, you f***s!
Capital One Financial Corp. is cutting 164 jobs in Framingham. MassMutual Financial Group is slashing 118 jobs. And VersaCold is cutting 85-full time and an unspecified number of temporary jobs in Taunton. Massachusetts employers have slashed jobs in each of the past 10 months, including 20,000 in March. With the unemployment rate at 7.8 percent last month, its highest level in 16 years, there are more than a quarter million people in Massachusetts without jobs.
The slowdown has cut across industries in Massachusetts, although education, health services, and government, which tend to be more resistant to recessions, have added jobs in recent months.
I thought all those services were getting whacked, etc? WTF is with the damn double-talking horse shit? They wanna sell a tax hike and its everybody getting laid off, services slashed. Now they are saying those sectors added jobs?
Elsewhere, L.L. Bean Inc. yesterday notified employees it will lay off as many as 240 workers in Maine because of lagging sales. The Freeport-based outfitter told employees that previously announced retirement incentives did not draw enough volunteers to quit, so the company has to resort to layoffs, according to a letter from chief executive Chris McCormick obtained by the Associated Press.
In Massachusetts, Capital One Financial Corp. said it will close a healthcare finance unit in Framingham this summer that has 164 employees. "The decision was made based on a variety of factors, including the impact of the current credit and economic environment and the business fit with Capital One's long-term strategic focus," said company spokeswoman Julie Rakes, who added the laid-off employees will be offered severance.
MassMutual Financial Group let go 118 workers over the past two weeks, including 50 in Springfield. Company spokesman Mark Cybulski said the financial firm is considering additional job cuts to become as efficient as possible. MassMutual reported a $1.1 billion loss in 2008, primarily because of investment losses, while operating earnings fell 40 percent to $1.3 billion....
VersaCold Logistics Services, which provides storage and transportation for products that need to be kept cold, said it plans to shift some operations from Taunton to Pennsylvania, citing the changing needs of its customers. Susan Haley, senior vice president for human resources, said roughly 85 full-time and "a number of temporary positions" will be eliminated as part of the move. The privately held company recently told the state that nearly 300 workers would be affected in all.
Jordan's Furniture eliminated dozens of jobs in Taunton this year as furniture sales have been hurt by the housing slowdown. "We've done reorganizations and restructurings just like everyone else," said Jordan's chief executive Eliot Tatelman. The firm is a unit of Berkshire Hathaway Inc., the company run by billionaire investor Warren Buffett....
I hope they go under then. Fuck that fat shit richer, and then eat him!
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