Times like these are perfect for companies to take a look at thier workforce and trim the fat. It's happening everywhere, all segments of industry.

True. But its really ^$*#$&*# when people are the fat that gets trimmed.

Of those 50, five are here in Stillwater among the 1000 employees. According to MC, they are given a generous serverance package and a company is hired to find them another job as long as it takes.

Thats good, at least they are trying to take care of them

I wish that was common practice these days.

It is a shame that the CEO's don't consider cutting their fat pay packet first, rather than some little guy struggling to make ends meet IMHO
Ardy
South Oz

Unfortunately, It never quite works out that way.

Quite often the top brass does cut their packages in medium and smaller companies. THe family owned comapnies in particular are often very generous in letting the owners and managers cut their pay first.
The biggie is of course always the unionized side (none of those were touched in this round) with people idle or working at less than capacity our overall competitiveness gets hammered and that cannot be allowed or teh jobs go forever, it is better to cut 15 and let 50 continue to work hard than have 65 loose their jobs.

Unfortunately it is always a hard decision no one wants to make but it has to be made. It is a little like budgeting and government. Tax revenue is good one year and boom the payroll is expanded, next year we are back to "normal" tax revenue and wow we have a probelm that cannot be resolved as the govt "cannot" fire people......

I hope they all find good jobs and maybe some of them are ready to retire.

h

They may strike now.

I hope they use small guns to shoot themselves in the foot with, they may need them feet to get them to the next job...