Boeing plan to cut jobs hits Seattle area like a chill wind
Article Abstract:
The boom times are cyclical at Boeing and employees seem to realize that. As recent as 1996 the company hired 21,000 workers and in 1997, 17,000 more. Employees also do not blame company management or Asia for not being able to pay for airplane orders. $180 million wide-body jets are sitting in the desert, unpaid orders. The effect, however long it lasts this time, reaches to suppliers and to community services that support the workforce in terms of restaurants and other businesses. Boeing employs about 8 times as many people as Microsoft does in the Seattle area. About 42,000 workers are employed in Southern California, but most layoffs are expected to be in Washington.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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NBC planning to cut jobs across board
Article Abstract:
The National Broadcasting Company Inc. will layoff 200 to 300 employees across all divisions of the network. NBC's cuts come after cost cutting at ABC and CBS. The cutbacks at all networks are in response to rising costs, especially for programming. NBC signed a three year $280 million a year deal with the television division of Warner Brothers for the hit drama "ER." NBC was previously paying $50 million a year for "ER." The company has also lost "Seinfeld" this season.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Jobs soared by almost 300,000 as U.S. boom continues in May
Article Abstract:
U.S. employers added almost 300,000 jobs in May 1998, according to the Labor Department. The unemployment rate remained steady at 4.3%, the lowest rate in 28 years. In addition, average hourly wages rose to $12.73, up 4.3% from May 1997. However, factory employment shrank for the second month in a row by 26,000 jobs. All of the 332,000 new jobs in May 1998 were in the service sector. Retailers alone added 89,000 new jobs as May 1998 retail sales rose 7.1%.
Comment:
US employers added almost 300,000 jobs in May 1998, according to Labor Dept
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Comment about this article or add new information about this topic:
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