In the financial pages of the press it was recently announced that to
remain profitable Canadian Pacific Railway Ltd. Would cut 4 500 jobs by
2016. Citigroup Inc., recovering from the financial crisis stated that
it cutting 11 000 jobs worldwide to save $1.1 billion a year in
expenses. For a company to survive it must make a profit and sometimes
that involves firing people. These are the iron-clad laws of capitalist
economics that will never change under the profit system. Insecurity for
all workers is a by-product of it. John Ayers
remain profitable Canadian Pacific Railway Ltd. Would cut 4 500 jobs by
2016. Citigroup Inc., recovering from the financial crisis stated that
it cutting 11 000 jobs worldwide to save $1.1 billion a year in
expenses. For a company to survive it must make a profit and sometimes
that involves firing people. These are the iron-clad laws of capitalist
economics that will never change under the profit system. Insecurity for
all workers is a by-product of it. John Ayers
No comments:
Post a Comment