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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Every town with a closing plant will see its local economy take a hit,
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We typically see higher job cuts in January as companies set into motion business plans and employment needs for the new year.
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The strong economy prompted ambitious yearly plans on the part of many companies, especially those in consumer goods manufacturing, ... In order to meet those goals, as well as to stay competitive in today's global 24-hour economy, several companies in the poll have added or plan to add third shifts, creating the need for even more workers.
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People who have been out for a while say, 'I've got to get back to work,' so they take downgraded jobs, ... Maybe they can't get a job as the plant manager, so they try to get a job as a manager on the factory line and work their way back up.
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Frankly, the September decline was somewhat surprising, considering that the last four months of the year historically have been the heaviest, as employers finalize budgets and business plans for the coming year,
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The longer search times reflect additional risks in the job market. High energy prices may be slowing companies hiring plans and could result in the postponement of expansion programs.
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The biggest factor pushing tech job cuts to a five-quarter high was a surge in corporate combinations in the telecom sector, which resulted in over 3,000 job cuts in February.
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The best way to get a summer job is to start now, if you haven't started already.
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The best security people can't just deal with threats; they have to anticipate them, too.
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The average search time for executives earning over $100,000 is about a month longer than other wage earners in the same community.
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The field is continually changing, and some companies feel like they're constantly under siege. It takes a special kind of individual just to walk into that, much less take control of it.
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The fallout from these mergers is often measured in jobs as the combined entity cuts overlapping positions and sheds workers in an effort to maintain profit margins.
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The fallout from all of this will likely continue on in December and January with more dot.com closures and job cut announcements,
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The cost may end up being much higher since it will now be possible to watch entire games on the Internet.