Timesizing® Associates - HOMEPAGE

Downsizings, March/2002
[Commentary] ©2002 Phil Hyde, The Timesizing Wire, Box 117, Harvard Square, Cambridge MA 02238 USA (617) 623-8080

3/29/2002  3 downsizings, totaling 4,400 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -

  1. Federated Department Stores warns of layoffs if unit isn't sold, Bloomberg via NYT, C4.
    ...The owner of Macy's and Bloomingdale's will lay off 3,300 workers at its unprofitable Fingerhut catalog and Internet unit by the end of next week if a buyer is not found. Efforts to sell the unit to a turnaround firm, Business Development Group Acquisitions, are continuing....
    [As colleague Kate points out, these 3300 employees are toast either way. A "turnaround" firm? Ha. All these morons know how to do is destroy in hopes of hyping the stock price. "Again the toxic takeover-downsizing connection." Here's another omen -]
    ...and Federated is considering selling individual Fingerhut assets....

  2. American Power Conversion to cut jobs, Bloomberg via BG, C2.
    West Kingston, RI-based...maker of devices to protect electronic equipment from power surges will fire about 17% of its work force as it merges factories overseas to cut costs.... The step will reduce the size of American's staff by about 1,000 employees.... The jobcuts will take place during the first half [of the year]. About 3/4 of the workers affected are in the Philippines.

  3. Solectron will take on Lucent operations - 100 may lose jobs in deal involving North Andover plant, by Peter Howe, BG, C1.
    After months of layoffs and grim speculation about the future of the Lucent Technologies' landmark North Andover plant, Lucent yesterday announced a $125m deal to have Silicon Valley contract manufacturer Solectron Corp. take over most of the remaining manufacturing operations there.
    Of 1,600 Lucent manufacturing employees working at the plant, it appears that roughly 100 are in danger of losing their jobs. Lucent and Solectron said 500 will stay with Lucent, 288 will permanently move to Solectron, and 250 will likely work for Solectron for at least several months. Another 400 are Lucent workers who have already filed for early retirement at the end of this month....
    Of the remaining employees, Solectron spokesman Matt Roszell said the company "anticipates" hiring up to 100 managers, supervisors and engineers who are not members of the two Communications Workers of America locals at the plant - leaving 70-100 or more whose future is unknown....
    [And again, it's the toxic takeover-downsizing connection.]

3/28/2002  2 downsizings, totaling 6,040 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Britain: Job cuts at BT, by Suzanne Kapner, NYT, W1.
    The BT Group said it would eliminate about 1,200 jobs at its BT Retail division by March 2004, as it closes 53 call centers.... The job cuts are in addition to 13,000 staff reductions over three years announced in December.... They are part of 5,000-6,000 reductions that BT plans to make in 2002.... The job cuts will be made either through attrition or by relocating employees to other BT divisions.

  2. D'Arcy will close its St. Louis office, by Patricia Lauro, NYT, C6.
    D'Arcy Masius Benton & Bowles in New York, part of the Bcom3 Group, [will] close its office in St. Louis.... Some of the office's 40 employees could be moved, said Diana McSweeney, a D'Arcy spokeswoman....

3/27/2002  4 downsizings, totaling 2,140 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. A Citi man is thinking big but thriftily in the midwest, by Joseph Treaster, NYT, C1.
    ...Jay S. Fishman...struck out on his own [from Citigroup] last October to become the CEO of a big but somewhat sleepy Minnesota insurance company. [He] immediately went to work cutting expenses and money-losing units at his new employer, the St. Paul Companies, named after its hometown. He is eliminating 11%, or 1,150, of the company's jobs, stripping away some of its most glamorous and far-flung units and axing an array of clubby perquisites that made St. Paul a pleasant, if not always dynamic, place to work....
    [This is an improvement? Somebody should write a book about "the uglification of work." And downsizing is hardly "thinking big." And what "vision" does this moron have for this company? -]
    ...a sweeping vision of a lean, hard-charging financial conglomerate....
    [Oh spare us. These crappy clichés are sooo old and tired. These idiots have the imagination and vision of cutworms.]

  2. Ciena to shed 650 positions, Bloomberg via BG, C6.
    LINTHICUM, MD -...The second-biggest US maker of fiber-optic equipment will eliminate...about 22% of its workforce to trim expenses as customers order fewer of its products....

  3. Jones Apparel Group will close stores and cut 240 jobs, Bloomberg via NYT, C4.
    ...A maker and retailer of women's shoes and clothing will close 30-40 of its less-profitable stores this year.... Jones Apparel will open 15-20 stores in 2002....
    [Leaving a net decline of 15-20 stores.]
    The company had 944 stores last year....

  4. Cutbacks at American Superconductor, by Barnaby Feder, NYT, C3.
    Moving to conserve cash in the face of weak demand for its pioneering power-saving products...Westborough, Mass.\-based firm will\ cut 100 jobs, or 25% of its workforce.... It [will] spend less on research and concentrate more on cutting the cost of its current products.

3/26/2002  2 downsizings, totaling 1,702 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Hong Kong: Telephone concern cuts jobs, by Mark Landler, NYT, W1.
    The debt-laden...telephone company Pacific Century CyberWorks took a knife to its costs, announcing that it would lay off 858 workers, or 6% of its labor force [because of] the "extremely difficult situation in Hong Kong and globally".... CyberWorks cut more than 800 employees last year as it struggled to reduce costs in the aftermath of its $28B acquisition of Cable and Wireless HKT....
    [Another stupid takeover. Another unnecessary downsizing. We caught a CyberWorks downsizing on 12/06/2002 #4 but there it was Pacific Cathay CyberWorks - what gives?! And it only mentioned 506 jobcuts so we get to count the remaining 800-506= 294 now, for a total of 858+294= 1,152 cuts. Now if 858 is 6%, the total workforce just before the current cuts was 858/6x100= 14,300, so the total 1152 cuts is 1152/(14300+294)= 1152/14594x100%= 7.9%, say 8% of the total workforce before these cuts.]

  2. ABN Amro Holding to close 2 units in United States, AP via NYT, C4.
    ...A leading Dutch bank \will\ close its domestic equities and mergers&acquisitions businesses in the U.S. and cut 550 jobs...in line with [its] strategy of withdrawing from areas that do not meet its profit targets.

3/23/2002  2 downsizings, totaling 22+?? jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Hospital to trim board, by Liz Kowalczyk, BG, E1.
    Beth Israel Deaconess Medical Center [in Boston MA] will reduce its board of directors from 40 to 18 members, executives said. The hospital, which lost $58.5m on operations last year, wants to speed decision-making and viewed the larger group as unwieldy....
    [So, 40-18= 22 part-time job cuts.]

  2. Citing Sept. 11, travel company files for bankruptcy, Reuters via NYT, B4.
    800 Travel Systems...filed a voluntary Chapter 11 reorganization petition with the US Bankruptcy Court for the Middle District of Florida.... Since September, 800 Travel has closed one reservation center, in San Diego, and substantially reduced the number of its employees.
    [Unspecified lost jobs.]

3/22/2002  2 downsizings, totaling 320+?? jobcuts, reported in (NYT) NY Times & (BG) Boston Globe
(not counting 14,000 private-sector job losses citywide last month according to "New York is still losing jobs despite an increase nationally - Wall Street and temporary help agencies are hit hard," by Leslie Eaton, NYT, A24, not to mention "Fewer apply to colleges in New York - Admissions officials say Sept. 11 may be factor," by Karen Arenson, same page) -
  1. Adolph Coors, NYT, C4.
    ...Golden, Colo., the brewer, [will] close the Cape Hill brewery in Birmingham, England, which has about 320 employees.

  2. Suprema Specialties, NYT, C4.
    ...Paterson, NJ, a maker of cheeses, received a judge's approval to change its Chapter 11 bankruptcy filing to Chapter 7 [liquidation] so the company can sell its assets. A group of banks that had lent the company $130m refused to keep its four plants running.
    [Unspecified jobcuts.]
3/21/2002  3 downsizings, totaling 4,191 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. EMI Group to cut pop stars, 1,800 jobs in turnaround bid, Reuters via BG, C7.
    LONDON - British music giant...home to Kylie Minogue, Robbie Williams and Mick Jagger \is\ slashing...jobs and axing hundreds of fading stars from its roster in a drive to cut costs and revive its fortunes in the down-and-out music industry.
    After making a splash by ditching costly pop star Mariah Carey, EMI [is] putting a stop to its old lavish ways, axing 20% of its staff and dumping 400 B-list acts in a revamp to clear the way to develop new global superstars.... After the cuts, EMI will have a staff of 7,599 [let's quit the kidding and call it 7600]..\.. Outlining his overhaul after one of the industry's worst years ever..\..industry guru Alain Levy..\..brought...on board last year to turn around the group..., estimated annualized savings of £98.5m as EMI cuts its roster by one-quarter, streamlines its labels and merges back-office functions....
    [So if 400 acts are at least one-person each, that means the total jobcuts here are 1800+400= 2,200 jobcuts. Since the 400 cuts constitute one quarter of EMI's roster, the whole roster is 400x4= 1600 acts, which we'll call, conservatively, 1600 jobs. The staff before the 1800 staff cuts was 7600+1800= 9,400 total workforce. So total staff and artists' roster was 9400+1600= 11,000 jobs, conservatively. And he's cutting 1800 staff and 400 artists (consvtvly) for a total of 2,200 jobcuts, csvtvly. So the overall percentage is a downsizing of 2200/11000= 20%.]
    "...I found..\..the artist roster...fairly bloated. For example, we had 49 artists in Finland and I don't think there are 49 Finns that can sing," Levy joked..\..
    [Oops, there goes his Finnish audience!]
    However, the revamp, Mariah Carey's contract, and asset writedowns will cost a whopping £240m....

  2. Acterna, maker of testing equipment, to cut 400 jobs, Reuters via NYT, C4.
    ...A maker of communications testing equipment [will] cut 8% of its workforce...to lower costs amid the spending slump in the communications industry.... Acterna, which employs about 5,000 people, announced last year that it would cut 1,000 jobs....
    [This is the first we've heard about these 1000 cuts, so we'll now count the 400+1000= total 1,400 jobcuts.]

  3. Janus Capital work force shrank 53% last year, Bloomberg via BG, C2.
    ...more than previously disclosed, as the 6th-largest US mutual fund company reduced expenses to compensate for shrinking revenue. Janus, a unit of Stilwell Financial Inc., ended last year with 1,450 employees, down 1,650 from about 3,100 a year earlier....
    [Well last year we only counted a total of 468 (2/03 #2) + 591 (4/21 #4) = 1,059 jobcuts, so now we get to count the remaining 1650-1059= 591 jobcuts. Hmm, what a suspicious coincidence. Anyway, assuming these were the last to be cut, they represent a downsizing of 591/(3100-1059)= 591/2041= 29% of the total workforce at the time.]

3/20/2002  1 downsizing, totaling 350 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe - not counting est. 60,000 citywide layoffs in Liaoyang, China according to "Where workers, too, rust, bitterness boils over," by Eric Eckholm, NYT, A4 which states "People \in\ Liaoyang, a city of about 500,000 people...say that more than half of the city's factory workers have lost their jobs." - 3/19/2002  2 downsizings, totaling 4,480 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Avon Products to lay off 3,500 workers, 8% of work force, Bloomberg via NYT, C4.
    ...as it scales back manufacturing to cut costs..\.. The largest direct seller of beauty products...said last month that it would close a jewelry plant in Puerto Rico with 320 workers.
    [Didn't see anything about that - need add it, so total 3500+320= 3,820 total jobcuts.]
    Avon employs 43,800 people, including 9,600 in the U.S....
    [Assuming the 43800 is before the 3500 and after the 320, the total 3,820 jobcuts is 3820/(43800+320)= 3820/44120= 8.658% of the total workforce, say 9%.]

  2. Sappi Ltd. to acquire Potlatch fine paper business, AP via NYT, C4.
    ...and its pulp and paper mill in Cloquet, Minn., for $480m. Potlatch Corp., based in Spokane, Wash., [will] shut its coated paper mill in Brainerd, Minn., where it employs about 660 workers,...in about 60 days, and production will be shifted to Sappi's other plants. Mike Sullivan, a spokesman for Potlatch, said the sale was precipitated by foreign competition and industry consolidation in the last few years. Sappi has mills in Skowhegan and Westbrook, Me.

3/16/2002  5 downsizings, totaling 180 jobcuts + unspecified, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Miramax cuts 75 employees; Disney says it's not involved, by Laura Holson, NYT, B1.
    LOS ANGELES...- Miramax Films, the movie studio run by Harvey Weinstein, who backed such hits as "Shakespeare in Love" and "Good Will Hunting," notified 75 employees today that they were either being laid off of that their contracts would not be renewed.... It is the first time in the studio's 22-year history that it had laid off so many employees at one time, the bulk of whom worked in publicity, production and marketing. The majority are based in New York, although several are in L.A. or overseas. The total comes to about 15% of Miramax's worldwide workforce of 500. "We've reduced our staff to our October 2001 levels," said Matthew Hiltzik, spokesman for Miramax, [whose] parent [is] the Walt Disney Co.\...
    [Oct/2001? - that's only 5 months ago. They should have just hired temps anyway!]
    In December, up against a huge number of releases from other movie companies, the Miramax offerings "Kate and Leopold" and "Shipping News" got lost in the clutter....
    [More and more urgent production and marketing of less and less urgently demanded products, especially of leisure products like these films for which people need, well, leisure, and the urgent, not to say anxious, producers are bringing it upon themselves with pandemic layoffs, layoffs that make the survivors anxious and overworked, and the jobless desperate - ergo, less leisure, less spread-around money, less markets. Therefore, more and more desperate 40+-hr-job employees scrambling for less and less active spending money, while the affluent pocket more and more than they can ever spend, and search with increasing anxiety for investments that are sustainable. Buggy capitalism. What a formula for increasingly artificial recoveries punctuated by increasingly rapid crashes. And all because we're downsizing instead of timesizing, cutting jobs instead of working hours.]

  2. United Industrial Corp., NYT, B4.
    ...New York, a maker of flight simulators [evidently not software but real life-size hardware simulators of steel and aluminum], said its Detroit Stoker unit would close a foundry that produces stokers and related combustion equipment in Marshall, Mich., and eliminate 65 jobs....

  3. Martha Stewart Living Omnimedia cuts jobs at Internet operation, Bloomberg via NYT, B4.
    ...The media and housewares company built on its founder's homemaking tips cut 40 jobs in its Internet and direct-marketing unit, or about 6% of the entire staff.
    [Should have done a 6% hours cut instead.]
    The Web unit, which also includes the Martha by Mail catalog, is losing money.
    [Yeah, who's "homemaking" these days, especially among dot-commers?]
    The unit lost $6.7m in Q4, before interest, taxes, depreciation and amortization, on sales of $17.6m.The job cuts are unrelated to Martha Stewart Living's relationship with [bankrupt] Kmart.... Martha Stewart is based in New York.

  4. Software maker AremisSoft will dissolve itself, Reuters via NYT, B4.
    ...A software maker under investigation by the SEC for its accounting practices said yesterday that it had filed for Chapter 11...and that the company would dissolve itself....
    [Then why wouldn't it be filing for Chapter 7 liquidation? At any rate, unspecified lost jobs.]

  5. Japan: Cutbacks at telecom concern, Reuters via NYT, B2.
    Japan's 2nd-largest telecommunications carrier, the KDDI Corp., announced stops to improve profit in its wireless business... KDDI...shut part of its personal digital cellular network operated by one of its wireless brands.... But KDDI's president, Tadashi Onodera, said the cellular shutdown would help the company reduce its $13.9B in debt.
    [Ha. Holders of debt of a telecom company in Japan today that's $14 billion in the red are holding play money. Unspecified job losses.]

3/15/2002  1 downsizing, totaling 490 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe - 3/14/2002  3 downsizings, totaling 10,670 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Laid-off Chinese oil workers protest reductions in benefits - Thousands protest peacefully while the police stand by, AP via NYT, A10.
    ...Witnesses said at least 10,000 protesters had appeared every morning since March 1 to sit down..\..at the main offices of the Daqing oil field in China's northeastern province of Heilongjian.... The protesters, mostly former oil field workers in their 50's and 60's, gather peacefully, said a woman working at a store near the office[s]. After about six hours, they leave, she said..\..
    [Does that say something about the greater naturalness of the six-hour day?]
    The workers were laid off in 1999 as a cost-cutting [throat-cutting, more likely] by Daqing Petroleum Administration Bureau, which runs the oil field. The company is one of China's largest state-owned enterprises, with 300,000 workers....
    [This downsizing may be three years old but in the case of a data-withholding economy like PRC and where the repercussions are still current, we're going to make an exception to our previous-year-one-quarter-only downsizing counting policy.]
    Groups of police officers stand by watching the protesters. The woman said the workers told her they were protesting cuts in payments promised them when they were laid off. The payments include heating subsidies of about $360 [per winter?], needed to make it through the region's harsh winters, she said. A company official...said the demonstrations were caused by a misunderstanding that would be resolved soon..\..
    [Funny, "misunderstanding" is the word the French government used about the truckers who were blocking gasoline distribution outlets in southern France on 3/12/2002. Could it be rather a failure to communicate on the power side in each case?]
    A Daqing city official said in a telephone interview...the protests were peaceful. He said the police were not interfering since it was an internal company matter.
    But a Chinese labor rights activist said the authorities had readied paramilitary police officers and an army tank regiment. The troops have not confronted the protesters, said Han Dongfang, who runs a labor rights group based in Hong Kong. He said as many as 50,000 workers were involved.
    The protests underscore the potential for social unrest that China faces as it trims or closes unprofitable government-run businesses.
    [In other words, as it spreads cold and hunger throughout its own citizenry, instead of sharing the vanishing work like any intelligent lifeform.]
    Witnesses said some protesters were calling for the right to organize their own unions. China permits only government-controlled unions. "These workers have real grievances, and they seem committed to continuing the protests until those grievances are addressed," Mr. Han said....
    [But then, what's their alternative? They can either starve and freeze in private with no hope or starve and freeze in public with a longshot at having government leaders smarten up about the unnecessary disgrace in their one-sided breach of contract, unnecessary because there is an advanced work-sharing design available that provides an alternative to death for surplus employees.]

  2. Spiegel cuts 670 jobs, closes 1 call center, Bloomberg via BG, E2.
    ...in Wichita, Kan.   Call volume at the center decreased because of improved technology...
    [Huh?? Wouldn't the whole purpose of improved technology be to increase call volume? This sounds like an elision - the full statement (including the part below) would be "Manhours decreased because of improved technology such as more fully robotized operators (phone selection scripts - probably resulting in more caller frustration and hangups) and call volume decreased because of more Internet activity." So bottom line - both clauses together provide two more counterexamples to economists' facile rebuttal of technological displacement (or disemployment) with the unresearched claim that "technology creates more jobs than it destroys."]
    ...and more people buying online at the company's Web sites....   Spiegel last month reported a Q4 loss, and...plans to sell its $3B credit-card business and close 40 Eddie Bauer stores to cut costs.

  3. Albertson's to close more stores, reports profit rise, AP via NYT, C4.
    [Thus further consolidating regional and national income and accelerating the current against profits rising in future. Unspecified new jobs.]
    The supermarket chain...reported a 31.8% increase in Q4 earnings yesterday and said it would close more unprofitable stores, including all those in Tennessee.... The company, which is based in Boise, Idaho [is] the nation's 2nd-largest food and drug retailer behind the Kroger Co. [It] has already shut 80 of the 165 stores designated for closing in its restructuring....

3/13/2002  2 downsizings, totaling 3900 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Verizon Wireless eliminated 2,000 jobs, Bloomberg via BG, D2.
    ...to reduce costs, CEO Denny Strigl said. The cuts, 4.7% of its workforce, are twice the number the company announced last month....
    [Did the Globe carry the announcement? Not to our knowledge.]
    About half the positions were cut at company headquarters..\..
    [Which is where??? Eeeediting!]
    The largest US mobile phone company ...is signing up about 10% fewer customers than last year at company-owned stores and retailers, Strigl said....

  2. MGH devours Buzzy's Fabulous - [Boston] eatery to make way for development, by Thomas Palmer, BG, D1.
    Buzzy's Fabulous Roast Beef, the Charles Circle shack that dispensed sandwiches under its famous billboard for decades, turned off the grill for the last time yesterday.
    [Unspecified lost jobs.]
    The Boston MA institution, large in the hearts of its patrons but only about 7,500 sq ft in real estate...was sold for $2¾m to Massachusetts General Hospital [MGH - world center for heart surgery]. Its location at the end of Cambridge St between the West End and Beacon Hill is a critical piece of a new development complex that will include renovation of the historic Charles St Jail and a new hotel....
    The little plot of land will be leased by the hospital to developers Richard Friedman of Charles Hotel fame and Carpenter & Co., along with the jail site. It will become a small park midway between the hotel entrance and the doors to Mass. General's new outpatient building....

3/12/2002  2 downsizings, totaling 3900 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe - 3/09/2002  1 downsizing, totaling 22,000 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe - 3/08/2002  5 downsizings, totaling 3,906 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe -
  1. If jobs are gone, what good are [temporary unemployment] benefits?, by Peter Kilborn, NYT, A18.
    ...This year Vanity Fair Imagewear, which employs 2,300 people near Martinsville VA, is closing....

  2. If jobs are gone, what good are benefits?, by Peter Kilborn, NYT, A18.
    ...In Clarksville VA, the Russell Stover candy plant has also shut down this winter, eliminating 700 jobs....

  3. Cleveland-Cliffs, NYT, C4.
    ...Cleveland, a supplier of iron ore to steel makers, [will] resume operations in the Empire mine near Palmer, Mich. in March. About 360 employees will return to the mine, which has been idle since November.
    [This of course, raised the question of whether the NYT reported the November layoffs. All we have from them is a layoff of 85 people in Trinidad & Tobago on 12/11/2001 #5. Sooo, not to get too rosy an idea of the situation, we must today also register the November downsizing of at least these 360 rehirees, so this all becomes a mere in&out entry in the great ledger of livelihoods. See today's UP side of this on 3/08/2002.]

  4. If jobs are gone, what good are benefits?, by Peter Kilborn, NYT, A18.
    SOUTH BOSTON, Virginia, March 1 -...At the JPS Apparel Fabrics plant here...production [ground] toward a halt early last year [and] the plant closed on Aug. 1, letting 346 workers go....

  5. Exide, a battery maker, plans to close 2 plants, Bloomberg via NYT, C4.
    Exide Technologies...based in Princeton NJ [will] close 2 plastics plants [Jackson & Vicksburg MS] and lay off more than 200 workers....
    [What's up with Princeton NJ? 2 days ago it was RCN croakin' 50 jobs there.]
    Battery cover and...case mfg will be moved to...Lampeter PA.... Earnings have suffered as sales to the automotive industry have declined.

3/07/2002  4 downsizings, totaling 1,222 jobcuts + unspecified, reported in (NYT) NY Times & (BG) Boston Globe -
  1. Procter & Gamble [P&G] to cut 750 jobs in Clairol division, AP via NYT, C4.
    ...or nearly half [say 49%] of the division's global manufacturing work force, and is closing 3 overseas mfg plants [in Peru, Venezuela & England] and a distribution center in [Edison,] NJ. The moves come as the company consolidates operations after its purchase of Clairol in November....
    [Again the toxic takeover-downsizing connection.]
    There will be 260 jobs cut at P&G's Stamford operation.
    [Shall we assume these 260 are in the Clairol division of the Stamford operation & thus included in the 750 jobcuts above?]

  2. Canon to close offices and shift production to Asia, by Ken Belson, NYT, C4.
    ...Japan's largest maker of office equipment..\..will shut its 14-year-old Mexican computer printer factory and an administrative office in Costa Mesa, Calif., and shift production to...Thailand and Vietnam..\..where costs are cheaper.
    [Costs, eg, labor costs = pay, keep getting cheaper = lower, executive 'compensation' keeps getting higher, markets keep getting poorer, and we think we're getting a 'recovery'?? Now short-term profit-focus is re-impoverishing Mexico and other places where it moved only 10-20 years ago by moving to yet cheaper, poorer workforces. The solution? (A) You only get access to markets you inject spending power (wages) into = flexible problem-determined self-adjusting tariffs, or, (B) global timesizing to raise global wages and centrifuge executive pay globally - by market forces, or, B supplemented by A until everyone is playing by the same rules/standards/workweek.]
    The company...hopes to reduce costs by more than 20% by moving its production of inkjet cartridges.... Canon said sales of printers and ink cartridges increased 0.2% in 2001.
    [So it's not about sales slump. It's about grasping (& suicidally concentrating/consolidating) every possible last scrap and snippet of profit.]
    ..\..The company...will close the Tijuana-based factory, which employs 417 people, in May; 33 people will be let go in the Calif. office....
    [So, 417+33= 450 jobcuts. But new jobs will be created in S.E. Asia, sez you. But they'll be "cheaper" - less spending power to support the purchasing of their own products - and meanwhile, the insecurity injected into the old "let go" workforces in Mexico & Calif. will make them cut back on their purchasing. Result? Canon may still be eking out increased 0.2% annual sales as of last year, but with virtually all our business schools preaching, and CEOs practicing, this obsessive short-term grasping for ever smaller savings via ever farther moves to yield ever tighter consolidation of income in their own few pockets, human progress is becoming superficial (cellphones) or grinding to a halt, except in medicine. So we're getting longer and longer, better and better connected, but poorer and poorer, angrier and angrier lives. A globalizing "ghetto Cadillac" syndrome.]

  3. Advertising - Addenda - Miscellany, by Elliott & Fass, NYT, C6.
    McCann-Erickson Worldwide Advertising is laying off employees in two offices. In San Francisco, [it] laid off fewer than 20 employees [estimate 19] from a staff of 230, a result of the loss late last year of the Blue Shield account. In Washington, several [estimate 3] employees are being dismissed as the office closes on Friday after losing the US Airways account in January....
    [So, 19+3= estimated 22 jobcuts.]

  4. Reader's Digest Association, Inc., NYT, C4.
    ...Pleasantville, NY, [will] cease publication of "New Choices," a lifestyle magazine.
    [Unspecified jobcuts.]

3/06/2002  2 downsizings, totaling 250 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe
{not counting "New York City job losses are higher after a revision," by Leslie Eaton, NYT, A21, which states, "NYC lost far more jobs last year than anyone (except maybe the unemployed [whom the NYT doesn't publish too often]) realized: almost 36,000 more than the state's original estimate of 96,500, according to a new tally released yesterday by the State Dept. of Labor."} -
  1. Deere & Co., NYT, C4.
    ...Moline, Ill., the largest maker of farm equipment, [will] close a plant in Springfield, Ill., by Nov. 30 to reduce expenses, eliminating 200 jobs.

  2. RCN cut 50 jobs in 2001, Bloomberg via NYT, C14.
    ...as it consolidated network operations centers. The project, which started in Aug/2000, was completed [yester]day and will save..\..the cable TV, phone and Internet provider backed by Paul Allen...$3m annually in labor costs, a spokeswoman, Pamela Faatz, said.
    [There they go again. Using technology to downsize their labor force and their consumer base - thus making everyone poorer and scareder - instead of to timesize their workweek and make life easier for everyone. Short term questionable, long term suicidal.]
    RCN, based in Princeton NJ [apparently none of the smarts of the ivy league university there rubbed off on Paul Allen or his minions], folded 7 centers into a single location in Trooper, Pa.
    [And Paul may need troopers to protect him as his short-sightedness continujes to undermine the consumer spending on which his own investments depend.]

3/05/2002  4 downsizings, totaling 597 jobcuts + unspecified, reported in (NYT) NY Times & (BG) Boston Globe -
  1. MeadWestvaco to cut work force at Ohio mill, AP via NYT, C4.
    ...[by] 350 jobs, or 16% \and\ shut 3 paper-making machines and related equipment.... MeadWestvaco currently has 6 paper-making machines and about 2,100 workers at its papermill in Chillicothe, which is about 35 miles south of Columbus..\.. The company, which is based in Stamford, Conn., also announced it would cut 75 jobs when it shuts a paper-making machine at its mill in Luke, Md.... In January, Mead of Dayton merged with WestVaco in a $3B deal.
    [Again, the economy-shrinking one-two punch of takeover and downsizing, totalling 350+75= 425 jobcuts. This story doesn't give us the overall percentage. Story #3 below doesn't give us the overall jobcut figure.]

  2. EMC to lay off at Irish assembly plant, by Ross Kerber, BG, D2.
    Hopkinton MA-based EMC Corp...will lay off 160 employees from its assembly plant in Cork, Ireland, as part of a broader round of jobcuts that began last fall.... EMC has posted losses and sales declines amid tougher competition and reduced corporate spending on data storage..\.. The layoffs represent 10% of the Irish plant's workforce [and] show the plant isn't immune from financial pressure despite the presence of US Ambassador to Ireland Richard Egan, EMC's cofounder.
    [So what good is he? The real reason we'd expect EMC to have a little smarter strategy, at least in Ireland, was their Xmas timesizing reported on 11/01/2001 #1.]

  3. Los Angeles cardinal removes priests involved in pedophilia cases, by Barbara Whitaker, NYT, A20.
    As sexual-abuse cases involving Roman Catholic priests have gained national attention in recent weeks, the archbishop of L.A. has been quietly removing priests involved in such cases. Although the archbishop, Cardinal Roger Mahony, declined to comment, people in the archdiocese said as many as 12 priests in Southern California had been told to retire or leave their ministries....
    [Thus worsening the enormous shortage of Roman Catholic clergy in America. We're experimenting with treating this phenomenon as downsizing, because it is becoming apparent that when the Roman Catholic Church instituted professional celibacy around 1000 years ago in order to accrue the worldly estates of its professionals instead of having these baubles scattered and lost to its professionals' children (how's that for rationalizing language?! - btw, we first saw this blinding glimpse of the obvious in "How the Irish Saved Civilization"), it made a secret unspoken contract with its professionals that went something like, "You may have full access to the children of your parishioners - and we mean full." And now, as in corporate downsizing, the Roman Church is reneging on that apparently fairly general employment contract. Of course, the Roman Church said nothing of this secret employment contract to parishioners with whom they had a conflicting unspoken childcare contract - "Your children are safe with us." So we have a conflict between employees and customers, or markets. And as is usual in such conflicts, ultimately markets, with their more direct link to survival, win. But then in those long-ago days (but still very real in several present-day global geographies), most parishioners were just feudal peasants and serfs anyway, and barely human, let alone endowed by their Creator with "human rights." The infamous droit du seigneur actually gave the Lord of the feudal Manor sexual access to any peasant bride in his demesne, so why shouldn't the lords of the church have access to any of the kids of the rabble, especially those within their feudal estates? - And oh yes, they did accrue estates thanks to that celibacy innovation. Who cared? It was business aka hypocrisy as usual. Maybe some kids then even felt privileged and entered the clergy to gain the same privileges and access. But now the Roman Church is caught in an inter-century time conflict between an employment contract, functional and unobjectionable for centuries, and a childcare contract rooted in something called a "bill of rights" - which only appeared in the late 18th Century and only among the rabble in one rebellious clutch of barely civilized colonies - a bill by which that selfsame rabble, invoking the Deity, actually lavished "human rights" upon themselves. What colossal cheek! And now that aforesaid Roman Church, ever unsettlingly permeable to the influences of the age if not actually bruised with its iniquities, has incurred Jesus' own curse on hypocrisy, "That which ye have spoken in the ear in closets shall be proclaimed upon the housetops." (Luke 12:3). And the Vatican's wonderful 11th-Century innovation, celibacy, appears in 20/20 hindsight as a costly and possibly lethal trade-off, if not an outright bargain with the devil - garbed as Mammon. Surely truth is stranger than fiction, and actualities far far beyond the wildest imaginings of novelists. The underlying realization we should take away from this particular astonishment is that the world is not primarily different geographic zones, it is different time frames, all immediately present today in the mind-boggling diversity of human lives. We still are nowhere close to realizing this enormous dimension of added complexity. (But that is the topic of the first of this year's 2 short Timesizing background books. More anon.)]

  4. Twinlab...to close plant in Arizona, Bloomberg via NYT, C4.
    ...A maker of vitamins and dietary supplements plans to...cut about 12% of its total workforce. Twinlab, which is based in Hauppage NY will close or sell its Health Factors International plant in Tempe AZ in the next few months and move some of the operations to New York and Utah....
    [Unspecified jobcuts.]

3/02/2002  1 downsizing, totaling 500 jobcuts, reported in (NYT) NY Times & (BG) Boston Globe - 3/01/2002  only 1 downsizing reported in NY Times or Boston Globe - but... ...but this gives us a lovely opportunity for some research into the question, how many downsizings are our "2-guy media" overlooking every day? -
so we did a single search of AOL News on the word "layoffs," and this is what we came up with - 7 company downsizings costing at least 3,038+unspecified jobcuts, and 4 economy- or industry-wide downsizing mentions (Minn. economy, US economy, Canadian lumber industry, Japan economy) - and that's without searching on any other words such as jobcuts, downsizing, eliminations, etc., and with no way of counting the hundreds or thousands of daily downsizings that don't even get a press release, let alone show up on the selection of newswires offered by AOL News - meaning that as much as "the nation's newspaper" plus a major regional paper usually report, it is just tip of the iceberg of what's crackling out there on the news wires, thus leaving us all too ready to buy the current cheerleading about the end of the recession... here are the 7, which we will exclude from our count -
  1. Grupo Mexico says may cut copper, analysts ask where, Reuters 18:56 02-28-02 - "The Mexico City-based mining giant has cut output before, most recently in Nov. and Dec. when it announced the temporary closing of mining operations in the U.S. and Mexico and thousands of layoffs." = at least 2,000 jobcuts that were not reported last year in NYT or BG and that we would count now if NYT or BG had picked up this story.
  2. Brasil Telecom to lay off another 1,000 in 2002, Reuters 15:13 02-28-02 - "...after already reducing staff by 2,100 last year."
  3. Edgewater cutting 19 percent of workforce, Reuters 16:31 02-28-02 - "WAKEFIELD, Mass. - Edgewater Technology, Inc. said on Thursday it will cut 38 jobs...."
  4. CDT [Cable Design Technologies, Pittsburgh] announces second quarter FY2002 results, PRNewswire-FirstCall 02/28/2002 16:05 EST - "The layoff of direct and indirect factory workers..\..as detailed in our Jan. preliminary release...helps to bring the labor cost structure in line with current sales volume." = unspecified jobcuts.
  5. Joy Global 1st qtr net loss nearly doubles, Reuters 09:17 02-28-02 - "A maker of mining equipment...said it cut staff in the quarter because of weakness in surface mining markets. Milwaukee-based Joy ["joy" indeed!] did not say how many employees it cut but said the "total work force adjustments," including layoffs and furloughs, exceeded 45% of the staffing levels in its Milwaukee operations at the start of fiscal 2001." = unspecified jobcuts.
  6. Ansett administrators meet Brisbane, Sydney staff, Australian Broadcasting Corp Friday 1 March 2002, 6:55am AEDT - "Many of the airline's management were layed off overnight. The rest of the airline's staff will be stood down or made redundant [ie: laid off] on Monday night. The Australian Services Union's Martin Foley says the layoffs come as Ansett experiences near full capacity on main routes." = unspecified jobcuts.
  7. POLL-TPSA group net to shrink 63 pct in 2001, by Woyciech Moskwa, Reuters 06:17 02-28-02 - "Polish telecoms giant TPSA, eastern Europe's largest listed company...had announced that in the fourth quarter it would create provisions amounting to one billion zlotys for layoffs and overdue receivables." = unspecified jobcuts.

Click here for downsizing stories in -
Jan. 16-31/2002.
Jan. 1-15/2002.
Dec. 16-31/2001.
Dec. 1-15/2001.
Nov. 16-30/2001.
Nov. 1-15/2001.
Oct. 16-31/2001.
Oct. 1-15/2001.
Sep. 16-30/2001.
Sep. 1-15/2001.
Aug. 17-31/2001.
Aug. 1-16/2001.
July 16-31/2001.
July 1-15/2001.
Earlier Y2000 months accessible via links at bottom of Dec.1-15/2000 page.
Earlier 1999 months accessible via links at bottom of Dec/1999 page.
Earlier months accessible via links at bottom of Dec/98 page.

For more details, our laypersons' guide to our great economic future Timesizing, Not Downsizing is available at bookstores in Harvard Square, Cambridge, Mass. or from *Amazon.com online.

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