Wednesday, January 28, 2009

Mass layoffs surge in 2008, continue at rapid pace: Financial News - Yahoo! Finance

On Monday alone, roughly 40,000 more U.S. workers got the grim news, including 5,000 workers at heavy equipment maker Caterpillar Inc.

Pharmaceutical giant Pfizer, which is buying rival drugmaker Wyeth in a $68 billion deal, and Sprint Nextel Corp., the country's third-largest wireless provider, each said they will slash 8,000 jobs.

More than 2.1 million workers were fired as a result of last year's mass
layoffs, the department said.

http://biz.yahoo.com/ap/090128/economy.html

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