-----Original Message----- From: Portside Moderator [mailto:[email protected]] Sent: Tuesday, August 31, 2010 5:55 PM To: [email protected] Subject: [SPAM] 25 companies responsible for 700,000 lost jobs
25 companies responsible for 700,000 lost jobs Submitted by Robert Oak on Wed, 08/18/2010 http://www.economicpopulist.org/content/25-companies-responsible-700000-lost -jobs * Insourcing/Outsourcing * layoffs.labor arbitrage Daily Finance has compiled a list, from Challenger and Gray layoff data, of the top 25 companies with the biggest job losses this recession. >From The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs author Douglas McIntyre, compiled the list below. I've added whether or not that company is known for offshore outsourcing jobs. The actual jobs offshore outsourced is unknown, if some ambitious researcher wishes to correlate layoffs with jobs created offshore, or offshore outsourcing contracts written, we'd appreciate the specifics. >From the list we have, these top companies, the number of layoffs and whether or not they are an offshore outsourcer. 1. General Motors, 107,357, outsourcer 2. Citigroup, 73,056 , outsourcer 3. Hewlett-Packard, 47,540, outsourcer 4. Circuit City Stores, 41,495 5. Merrill Lynch, 40,650, outsourcer (BoA) 6. Verizon Wireless, 39,000, outsourcer 7. Pfizer, 31,771, outsourcer 8. Merck & Co., 24,400, outsourcer 9. Lehman Brothers, 23,340 10. Caterpillar, 23,024, outsourcer 11. JPMorgan Chase, 22,852, outsourcer 12. Starbucks, 21,316 13. AT&T, 18,401, outsourcer 14. Alcoa, 17,655, outsourcer 15. Dow Chemical, 17,530, outsourcer 16. DuPont, 17,000, outsourcer 17. Berkshire Hathaway, 16,900, unknown 18. Ford Motor, 15,912, outsourcer 19. KB Toys, 15,100 20. United States Postal Service, 15,000 21. DHL Express USA, 14,900 22. Sprint Nextel, 14,500, outsourcer 23. Sun Microsystems, 14,000, outsourcer 24. Boeing, 13,715, outsourcer 25. Chrysler, 13,672, outsourcer As you can see, there are many Tech companies on the list, when supposedly the recession was about finance and real estate. Some of these companies have reported record profits, most are reasonably healthy. Caterpillar literally demanded U.S. taxpayer dollars, in the form of Stimulus, all the while firing Americans and offshore outsourcing jobs. So, while the blame continues to focus on the housing market and financial Armageddon, it appears we have the same issues that were the cause of the 2001 recession, global labor arbitrage with corporations offshore outsourcing, moving manufacturing abroad as well as the profits. _____________________________________________ Portside aims to provide material of interest to people on the left that will help them to interpret the world and to change it. Submit via email: [email protected] Submit via the Web: portside.org/submit Frequently asked questions: portside.org/faq Subscribe: portside.org/subscribe Unsubscribe: portside.org/unsubscribe Account assistance: portside.org/contact Search the archives: portside.org/archive !DSPAM:2676,4c7da7a5177551670613588! _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
