Thursday, December 4, 2008
Addition To Post Below concerning Store Closings
AT&T to cut 12,000 (4%) of it's employees
Credit Suisse said Thursday that it will cut roughly 5,300, or 11% - London
Nomura Holdings (London) 1000 jobs cut after Lehman purchased assets
DuPont to dismiss 6,500 employees, including contractors - The 4,000 contractors, by agreement, are not employees but self-employed. Nationally, this will be a very big number that is not reflected in unemployment figure.
Announced this morning before 10am - this should continue every morning for awhile I believe the Jobs Report on Friday will let us see how many people have been "rendered" unemployed by the unnamed companies and companies too small to mention - but gathered as "The Unnamed" will be substantial.