John Challenger
John Challenger
Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America...
appear buy clear companies confused costs cut direction due economy employers expensive foreign fuel higher increased inflation job numbers picture prices seeing soar weaker year
The only clear picture we have from the job cut numbers this year is that employers appear to be confused about the direction this economy is taking, ... Companies are experiencing increased business, but they are also seeing their costs soar due to higher fuel prices, inflation in supplier prices and a weaker dollar, which makes it more expensive to buy foreign parts.
afford companies lose peak people period
We are at a peak period of employment. Companies can't afford to lose people.
category cuts dominate earlier job seeing seemed waves
We are seeing more job cuts from well-known, brand-name companies. The mom-and-pop category seemed to dominate the earlier waves of dot.com cuts.
drop euphoric
We should not get euphoric over the May drop in job-cut announcements,
buried chiefs directors management middle people thousands top
There are thousands of co-heads, chiefs and directors now. You don't know if they are top people or are buried in middle management somewhere.
activity banks definitely duplicate fuel seeing
With M&A activity up, we're seeing more condensing of things like duplicate headquarters, banks on adjacent corners, duplicate warehouses, ... It's definitely something that's going to fuel more downsizing in 2004.
age retirement seeing
We're seeing the dismantling of the retirement age of 65.
less men relationships women
What's new is that these relationships between men and women are less fraught with risk.
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There is a lot of extra fiscal stimulus moving into the economy from the storm relief.
almost corporate cutting daily earnings economic economy headed job mirrors next pattern quarter recovery report saw seeing seems stuck third toward various
The pattern of job cutting that we saw in the third quarter mirrors what we have been seeing almost daily in the various economic and corporate earnings reports, which is to say one report suggests the economy is headed toward recovery while the next seems to hint that we are stuck in recession,
areas businesses concern drop economy employees hire longer raises recovery specter workers
Those are two areas of the economy that should be perking up right now if we were in a recovery mode, ... Normally, businesses hire temp workers and work their employees longer -- this drop is of real concern and raises the specter of a double-dip recession.
dwarf government hit pay pensions places private promises teachers unable workers
The places where it's really going to hit is government and teachers. Governments are going to be unable to pay for the promises they've made. Pensions for teachers and government workers just dwarf what we see in the private sector.
averaged certainly cuts decline difficult double excited fell job million people period victim welcome year
The decline in job cuts is certainly welcome news, but it is difficult to get too excited about a year in which more than 1.2 million people fell victim to downsizing, ... That is more than double the 553,044 job cuts averaged annually during the six-year period before the recession.