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alstry (35.42)

Prepare For MASSIVE Wage Cuts moving into the Digital Age......

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February 10, 2010 – Comments (3)

Quincy Medical Center is eliminating 14 jobs and asking its 1,200 employees to take a 3 percent pay cut in an effort to cut expenses by $4.5 million by the end of the year.

The cost-cutting measures are needed because inpatient volume has declined 5 percent compared with the same time a year ago, CEO Dr. Gary Gibbons said.

“People aren’t going for elective surgery,” Gibbons said. “They’re putting off a lot of the medical care they’d otherwise get.”

http://www.patriotledger.com/news/x210267322/Quincy-Medical-announces-job-and-pay-cuts

We simply don't need as many people to work in a digital environment.......we can close bank branches as we are driven to bank online, close video stores as we obtain movies online, shutter post offices as we text and eMail.....we don't need massive local government infastructure in a digital age.....we can close at least half of the current retail space as more and more of us get in the habbit of purchasing online.

There will be opportunities in the Digital Age.....but much of the Industrial Age as we know it will be shutting down over the next few years....and most of the existing legal contracts out there right now deal with industrial age relationships.

There will be a lot of tension going foward as government, business, and families adjust.......let's hope that cooler heads prevail as stress rises.

Stanislaus County Ca - Pay Cuts, Furloughs, Layoffs all on the Table

Textron Inc - 350

Quincy Medical Center - 14 and Asking 1,200 to take pay cuts 

City of Oklahoma - 37 

Memphis Tenn. City Gov. - 500 possible

The Sylvan Schools Ca - 50

The San Juan Unified School District - 616 Job Cut Notices

Dearborn Michigan School Teachers - Fewer than 60 do to Retirements

First Community Bank NM - 25

Luxottica Retail in West Chester - 80 

TFE Logistics Group Retail Convergence Inc Kentucky - 92

Cerwydden Care Centre ( International ) - 65

Broward  Public Schools - Layoffs / Furlough Possible 

SAS Scandinavian Airlines ( International ) - 650

Palm Harbor Homes Inc in Albmarle - 110 Layoffs 

The City of Coolidge Has Lost 4 Businesses in 2 months - Dominos , Quiznos, Blockbuster and  Tate’s East Valley Ford

The Crossing Casino in Fort Mohave by end of  Feb - 29 Jobs Lost 

Liquidation World in Spokane Valley

Optimum Natural Foods in north Napa

Diamond company Hearts on Fire - 120 Possible Store Closures 

The Disney Store at CoolSprings Galleria by Feb 21

Axient Research in Little Rock 

 Twin Rivers Foods plant in Neosho MO - 485 Jobs Lost

2 County Sweet Chicken and Ribs in Rochester

Tropical Shipping to close Port of Palm Beach Warehouse on April 2 -24+ layoffs

Fraunces Tavern NY 

Mr Movies in Sioux City 

3 Comments – Post Your Own

#1) On February 10, 2010 at 4:01 PM, chk999 (99.97) wrote:

This reminds me of what people were saying at the start of the industrial age.

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#2) On February 10, 2010 at 4:16 PM, alstry (35.42) wrote:

The neat part about the digital age is that it will propel progress forward faster than ever experienced before......much faster than the progress made during the industrial age.

The industrial age was labor intensive and goods intensive....vs. my current perspective of the digital age is it will be knowledge intensive and the production of goods will be much more automated.

Humans will take on a very different role in the future...one as radical as the shift from the farm to the city.

No one ever said convulsive is bad.....simply uncomfortable for many.....and those that are aware of what is going on have a better chance of accepting the change.

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#3) On February 10, 2010 at 5:41 PM, alstry (35.42) wrote:

Boston Scientific Corp........will cut up to 10% of its workforce in a company reorganization. The company said it plans to cut its workforce by 1,000 to 1,300 jobs, or about 8% to 10% of its workforce.

THIS RECOVERY GETS BETTER AND BETTER!!!!!!

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