The buyouts are part of GM’s attempt to reduce costs while convincing a U.S. auto task force that it merits $16.6 billion in additional federal aid. They will also allow the company to hire any new workers at lower wages.Read More
Bosses say injured workers are delaying their return to uncertain jobs, while laid-off staffers are filing new injury claims. Despite economic conditions, most employees resolve their claims as soon as is medically possible if employers treat them fairly and with respect, one observer says.Read More
The New York State Worker Adjustment and Retraining Notification Act went into effect February 1 and is more expansive than the 20-year-old federal law that had previously set notification standards.Read More
The outlook for future employment figures doesn’t get much better either, with estimates that the economy could lose 1 million to 2 million more jobs in the next few months.Read More
How important is it that I calculate retention? And which formula is best to use?
The Chicago company contributed $531 million in 2008.Read More
In addition to the layoffs, it will cut senior executive pay, freeze wages and reduce spending on advertising and lobbying by 25 percent.Read More
In an almost unheard-of move, the employees that Wells fired include Wachovia registered representatives and investment advisors who work for Wachovia Securities of St. Louis.Read More