Wal-Mart Stores Inc (NYSE:WMT) is an American institution that is nearly unparalleled in its reach. It employs a whopping 1.5 million Americans across the country, which accounts for just about one percent of the entire working population of the U.S. Wal-Mart layoffs 2017, however, have stripped many of those Americans of employment. From retail stores (more…)
Wells Fargo Layoffs Affecting from U.S. Call Centers Wells Fargo & Co (NYSE:WFC) layoffs are leaving hundreds of Americans out of work as the leading American bank moves jobs to the Philippines. In a Senate hearing on the fake accounts scandal last week, Wells Fargo CEO Tim Sloan confessed that the bank has been cutting U.S. (more…)
The General Electric layoffs in 2017 continue to mount, numbering in the hundreds and affecting workers across the U.S. The General Electric Company (NYSE:GE) has found itself stuck in financial woes as earnings reports continue to disappoint and the company struggles to recover from years of downturns. The company, which employs over 100,000 employees in the (more…)
Concentrix Layoffs Hit its Pittsford Facility Business services company Concentrix Corp. has just announced nearly 200 job cuts in the Rochester Area, adding to the recently growing list of New York job cuts. The Worker Adjustment and Retraining Notification (WARN) notice filed with the New York State Department of Labor reveals that 192 employees will (more…)
Centegra Health System announced plans to lay off 131 employees and outsource another 230 jobs after announcing significant financial losses for the year ended June 30, 2017. The Crystal Lake, Illinois-based company said the layoffs will not affect medical staff, but will impact support and administrative workers.
Chinese Company Shows Interest in Buying Fiat Chrysler Jeep Division A Chinese auto manufacturing company wants to buy a car unit owned by American automaker Fiat Chrysler Automobiles NV (NYSE:FCAU). If the unit is sold, American workers stand to lose hundreds of jobs to cheaper labor in China.
Rochester Residents Blame Trump and Cuomo for Factory Closure Multinational conglomerate General Electric Company (NYSE:GE) has announced that it is closing a manufacturing plant in Rochester, New York. The news has left local residents frustrated with both the company and the government. News broke mid-week that, following the factory closure, 90 workers will lose their jobs. The plant, (more…)
Senate Minority Leader Chuck Schumer of New York, along with Senator Debbie Stabenow of Michigan and Senator Joe Donnelly of Indiana, announced plans for severe new punishments on U.S. companies that outsource jobs. According to Schumer, the new measures are tougher than Section 301 (1974 Trade Act), which the Trump administration is ready to resurrect.
Booth Energy Group filed a Worker Adjustment and Retraining Notification (WARN Notice) with the Kentucky Office of Employment and Training announcing layoffs in Martin, Johnson, and Floyd counties. The move eliminates 217 positions and are expected to take place on September 30.
How serious a threat is outsourcing of American jobs? Very. According to a recent study, one quarter of all U.S. jobs and half of all low-skill positions could be outsourced or automated. If this happens, millions of U.S. workers could be out of work in the coming years.