March 8, 2005

The Right vs. Reality

The Right: Our economy is booming.

Reality: Alcoa to dump an enormous 20% of their salaried workers.

2 Comments:

At 3/08/2005 5:02 PM, Anonymous Anonymous said...

I thought they were hiring...

 
At 3/08/2005 5:24 PM, Blogger The Inside Dope said...

Perhaps they're hiring personel people to manage the lay-offs.

Also, this affects only salaried employees. They may be increasing production and are likely just squeezing more out of the employees they have left. That's usually how it works. They cut people and then just make those remaining do the work that 3 or 4 people used to do.

 

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