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.

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