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Look closely at the crowd photo....is that...Michael Moore?
http://www.timesonline.co.uk/tol/news/wo...810644.ece
Things are really different, in our part of the corporate world. Here, when a CEO lays off workers, he's not beaten to death, he's given a bonus!
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> Here, when a CEO lays off workers, he's not beaten to death, he's given a bonus!
Because stockholders here understand that laying off workers temporarily boosts the balance sheets, which drives the stock price up and gives them a chance to bail out with some cash before the company tanks.
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MacMagus, even you aren't cynical enough to believe that's necessarily true. Companies hire and lay off employees in cycles, and stay in business just fine, prosper when times are good, tighten up when times are bad. Though some CEOs manipulate the system for pure stock gain, not always. You can shear a sheep lots of times, but skin him only once. Layoffs only happen in advance of a short-term stock raid and permanent bankruptcy? What happens when the company stays in business? I wasn't aware that when a company hires an employee the company is obligated to keep him securely employed for the rest of his productive life, regardless of whether or not what he's producing has any value, that only happens at Microsoft.
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> Companies hire and lay off employees in cycles
We weren't talking about seasonal workers.
Production work in California is seasonal. Hollywood studios may lay off 80% of their workers to get through the dry summer. Most of those workers will be rehired in 3-4 months. CEOs don't bother to issue press releases about regular seasonal layoffs. Stockholders don't give a damn.
When HP discloses that they've had to lay off 25,000 workers, it's not because they're seasonal workers who will be rehired. The company is in trouble. The entire board of directors is involved in the decision. Stockholders watch carefully.
> I wasn't aware that when a company hires an
> employee the company is obligated to keep him
> securely employed for the rest of his productive life
Did someone suggest that? Nevertheless, corporations should be run in such a manner that employees feel they have more value than a disposable pen.
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Two things Mac--first, I don't disagree with you, but would add, a long-term worker in an automobile manufacturing plant isn't a seasonal employee, but he experiences fluctuations. There are thousands of highly skilled guys that are laid off, rehired, laid off, rehired, in cycles. Their narratives describe life on, and off, the production line. When off, and collecting unemployment, they enjoy a variety of recreational drugs, when back online, they go back to the drugs that are harder to detect. Second, restore your humor! Half what a wrote wasn't serious, it was a cheap setup for a harmless joke at the expense of Microsoft! (where it it notoriously hard to fire people without going through a year of HR paperwork first) Did HP really employ 25,000 extra people? What on earth did they all do?
You're right about the pens. I wish we could go back to better quality pens, too. When banks started having me sign half-million dollar mortgage deals with barely-functioning 39 cent disposable bank-logo pens, that should have been the first warning sign.
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guit-
yeah but.
My company (manufacturing, heavy industry) has not laid off an employee with more than 3 years service since ... 1932.
That's right. Since the depth of the great depression.
How ?
Good management. A board approved policy to not lay employees off. And a loyal, hard working workforce that makes it happen.
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cbelt3 wrote:
How ?
Good management.
Really? I thought that was something that was only studied in books. Kinda like the dodo.
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cbelt, great example. Those stories don't get as much attention, but they're not as rare as many people think.
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Good or bad management has no effect on the economy affecting manufacturing businesses. Every time the economy upturns car sales soar and the plants that supply the automotive industry hire to fire up second and third shifts. When the economy tanks the second and third shifts and in some instances weekend operations halt.
How many computer businesses went out of business right after 9/11 ?
None of these were "seasonal workers".
I hope no one here never ever ever has to let people go because the economy has tanked and you just can't afford to stock the warehouse any more.
I hope no one here ever has to listen to the quiet of a skelaton staff, nor the sound of auctioneers.
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guitarist wrote:
cbelt, great example. Those stories don't get as much attention, but they're not as rare as many people think.
a friend's brother works as a truck driver for a specialty lumber yard. Their policy is NO LAYOFFS. Never been one in decades.
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