Losses, layoffs, pay cuts, furloughs, closings — the numbers and the news were largely negative.
Chery has announced layoffs, pay cuts and a freeze of development for some new models.
British labor unions representing about two million employees say they plan to hold coordinated strikes on June 30, upset at layoffs, pay freezes and changes to the pension system.
There are still layoffs, pay cuts and furloughs at agencies large and small — the result of reduced revenue as marketers reduce spending.
Workers have angrily protested layoffs, pay cuts and severance terms seen as more generous for some overseas employees than for those at home.
The coalition parties' concessions to each other had meant that each of them had lost support since the election the PvdA for having agreed to layoffs, pay freezes in the public sector, and restrictive policies toward immigrants and the VVD for having agreed to raising the value-added tax and imposing a surtax on high incomes.
But that's hardly always true these days, in a time of recession, layoffs, pay cuts and furloughs.
"In this economy, with layoffs, pay cuts and lower morale, we could definitely see a rise in the number of fraud cases," says Tim Hedley, partner at KMPG Forensic, the accounting giant's fraud-fighting arm.
It will necessitate austerity measures--layoffs, pay cuts, spending freezes, tax increases, and investment delays--that soak up money coming to LA through the federal stimulus and the federal budget.
