The council also announced plans to cut a further 6,000 jobs by 2017‑18, which would mean its workforce will have fallen from 20,000 in 2010 to 7,000.
The latest losses mean the workforce now stands at 37. The company is still trading in administration and administrators said they are hoping to find a buyer.
They are also on average healthier and longer-lived, so they can work and earn past 65 and still expect to enjoy the fruits of that extra labour later on.This does not mean the workforce will grow.
The rate of real economic growth is probably the most important determinant and in that respect many people are gloomy: the trend rate of growth in America may have dropped to 2% or below while pessimists put the European rate at 1%. Demographic trends mean the workforce is likely to stagnate or shrink, leaving productivity to do all the work expanding the economy.
The higher birthrates of the late 1980s and early '90s mean the workforce should be growing by more than 100,000 people a month.
Does it mean the workforce can lift heavy things -- like factory equipment that's being shipped to China?
These sterile corporate terms — downsizing, right-sizing, outsourcing, offshoring, furloughing — really mean two workforces will experience more trauma and jockeying for position on blended seniority lists.
This means the workforce is more likely to shift towards more part-time, freelance-based work, says Julia Lindsay, chief executive of iOpener Institute.
Short-term and freelance contracts meant a workforce "with little or no job security", which was even less likely to speak out about the behaviour of colleagues.
"Well," Palin said, "it was an unfair attack on the verbage that Senator McCain chose to use, because the fundamentals, as he was having to explain afterwards, he means our workforce, he means the ingenuity of the American people.
