Chronicles Of Depression 2.0: #377: Layoffs

Is it beginning to get real now, doubters?

DHL to cut 9,500 jobs and close US service centers

FRANKFURT, Germany (AP) — Mail and logistics company Deutsche Post AG says it will cut 9,500 jobs and close all of its DHL express service centers in the U.S. amid heavy losses in the market there.

Emphasis added by me.

Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

SHREVEPORT, LA (KSLA) – “We lost 2 billion dollars and like any other business we have to stay afloat.” And to keep from sinking, the United States Postal Service is considering cutting thousands of jobs nationwide. Lavelle Pepper with the post office in Shreveport says they too are feeling the affects of the same disease hitting the country… a struggling economy. “We employ about 685,000 people. If we do layoffs it would include clerks, carriers, mail handlers across all crafts.”

Pepper says the postal service is looking to eliminate 40,000 jobs nationwide.

Emphasis added by me.

Will the USPS also consider dropping Saturday deliveries?

Circuit City files for Chapter 11 protection

NEW YORK (AP) — Circuit City Stores has filed for bankruptcy about a week after it said it would close 20 percent of its stores.

Emphasis added by me.

Circuit City will join CompUSA at some point.

Explore posts in the same categories: C.O.A.T. - Money, C.O.A.T. - Self-Defense, Depression 2.0

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