According to an article in the Dallas Morning News, Nokia Siemens Networks announced that it will implement 100 job losses in the Dallas area. The company employs 900 Dallas residents and 64,000 workers worldwide. The job losses are a part of Nokia's global reorganization designed to save more than $700 million by the end of [...]
Being buried in debt can put tremendous amounts of stress on any individual. Here are some tips for handling stress caused by debt: Get help immediately. If you see that you are drowning in debt and simply can't pay, get some assistance. Some creditors are willing to negotiate repayment plans and if not, you can [...]
According to an article in the Star-Telegram, unemployed workers may be worse off now than they were the last time the unemployment rate topped 10 percent in 1982. The article said: "Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the [...]
According to an article in the Dallas Morning News, the unemployment rate has surpassed 10 percent for the first time since 1983. The article said: "The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest since April 1983, from 9.8 percent in September. The economy shed a net total of 190,000 [...]
According to an article in the Star-Telegram, American Airlines has cut its fleet from 900 planes to 600. Because it has fewer planes, the company announced 700 job losses and the closure of its Kansas City maintenance base. The job losses will affect mechanics, engineers, management as well as union and non-union workers. No job [...]
According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story. The article said: "The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about [...]
According to an article in the Dallas Morning News, Texas companies and local governments say they've saved or created about 1,100 jobs with stimulus-funded contracts created by the $787 billion state stimulus package; but many critics say the self-reported results are suspect. The article said: "The jobs include many instances in which construction companies assert [...]
According to an article in the Dallas Morning News, a private survey by the National Federation of Independent Businesses revealed that small businesses in the U.S. plan to continue implementing job losses over the next three months in an effort to balance out the affects of falling revenue. "The number of companies looking to cut [...]
According to an article in the Dallas Morning News, the number of job losses increased last week more than many analysts had hoped. The Labor Department employment report stated that there were more than 531,000 initial unemployment claims last week, an increase of 10,000. The article said: "The report is "slightly disappointing," Ian Shepherdson, chief [...]
According to an article in the Dallas Morning News, a survey released by the Hay Group revealed that about 57 percent of retailers are planning job losses for the 2009 holiday season, while another 40 percent said they would hire fewer workers. The article said: "Last year, retail employment grew by just 384,300 from October [...]