John Challenger
John Challenger
Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America...
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The only clear picture we have from the job cut numbers this year is that employers appear to be confused about the direction this economy is taking, ... Companies are experiencing increased business, but they are also seeing their costs soar due to higher fuel prices, inflation in supplier prices and a weaker dollar, which makes it more expensive to buy foreign parts.
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While companies seemed to be hoarding workers post-merger or acquisition through February, it appears that this is not the case anymore. While we do not have our own merger job-cut data for March tabulated yet, we know a large number of merger-related cuts were announced.
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Now, ... it appears that companies are disregarding the fact that serious labor shortages persist, and are deciding to trim their workforces after a merger or acquisition.
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For months, it appeared that the U.S. might remain relatively untouched by the financial crises abroad. However it most certainly seems that the impact is starting to ripple through our economy.
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We may now have moved into the second half of a slowdown, ... because these big layoffs have begun to appear more regularly.
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The heavy job cutting we have seen over the past three years appears to be trending down, ... However, the job market seems to be in a state of limbo, where companies are eager to hold on to people they have, but many are reluctant to create any new jobs.
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The job market appears to be stuck in the mud. Every time it looks as if things are going to rebound for the nation's workers, a series of reports deflates the optimism,
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What's new is that these relationships between men and women are less fraught with risk.
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We are at a peak period of employment. Companies can't afford to lose people.
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We're seeing the dismantling of the retirement age of 65.
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There is no question about it. More people today are striking out on their own, either involuntarily or voluntarily.
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There are thousands of co-heads, chiefs and directors now. You don't know if they are top people or are buried in middle management somewhere.
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There is a lot of extra fiscal stimulus moving into the economy from the storm relief.
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Overall, job cuts are down from last year and significantly lower than the record numbers we saw in 2002 and 2001, but there are still some worrisome trends,