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alstry (35.90)

1.01.10....Now The Layoffs Really Begin!!!!!!

Recs

10

January 19, 2010 – Comments (4)

 Japan Air to Cut Third of Staff in Turnaround Plan

Jan. 20 (Bloomberg) -- Japan Airlines Corp. plans to cut 31 routes, 53 planes and almost a third of its workforce after winning state funds to help restructure following the nation’s fourth-largest bankruptcy.

Asia’s biggest carrier will ax 14 international routes and 17 domestic ones by the end of March 2013 under a 900 billion yen ($10 billion) plan announced yesterday by Enterprise Turnaround Initiative Corp. of Japan, the state-affiliated fund leading the reorganization. Employment will drop by about 15,700 to 36,201 over the same period.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8X_KZT7tRY4&pos=5

1/3 of a large workforce....GONE.......It is not just Japan......

Wartsila Corp - 1,400

PSA Peugeot Citroen ( European Carmaker ) - 5,700 French Jobs

and thousands at Kraft/Cadbury

Welcome to the recovery.........

Expect more and more large cuts as we proceed forward past 1.01.10

 

4 Comments – Post Your Own

#1) On January 19, 2010 at 8:07 PM, alstry (35.90) wrote:

BANKERS GET RICH....PEOPLE LOSE EVERYTHING....

Deutsche Bank Said to Plan Salary Increases of Up to 30% as Bonuses Shrink

Just wait until you find out it is mathematically impossible to pay back the debt the bankers infected the system.........as the world shuts down trying to pay down a mathtmatically impossible debt burden

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#2) On January 19, 2010 at 8:11 PM, mawnck (< 20) wrote:

All glory to The Boiled Hypno Toad!

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#3) On January 19, 2010 at 8:18 PM, alstry (35.90) wrote:

We are all pretty much boiled.....

Sprott Calls The Fed "A Ponzi Scheme" As Half A Trillion In Treasury Purchasers Are Unaccounted For

http://www.zerohedge.com/article/sprott-calls-fed-ponzi-scheme-half-trillion-treasury-purchasers-are-unaccounted#page;http://www.zerohedge.com/article/sprott-calls-fed-ponzi-scheme-half-trillion-treasury-purchasers-are-unaccounted

This might be conservative.....now the question is how will this play out as the Fed bankers get bonused for running basically nothing more than a big....really big......Ponzi Scheme

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#4) On January 19, 2010 at 10:27 PM, EnergyCzar79 (71.92) wrote:

Wow.

Half a trillion dollars of US Treasury debt is unaccounted for.

I'm with Ron Paul on this one. Time to audit the Fed. 

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