Timesizing® Associates
hopes/dooms du jour, Aug/2002
[Commentary] ©2002 Phil Hyde, The Timesizing Wire, Box 117, Harvard Sq, Cambridge MA 02238 USA (617) 623-8080 - HOMEPAGE
8/31/2002 sat (re fri biz)
8/30/2002 fri
8/29/2002 thu
8/28/2002 wed
8/27/2002 tue
week ending 8/25-26/2002
8/24/2002 sat (re fri biz)
8/23/2002 fri
8/22/2002 thu
8/21/2002 wed
8/20/2002 tue
week ending 8/18-19/2002
8/17/2002 sat (re fri biz)
8/16/2002 fri
8/15/2002 thu
8/14/2002 wed
8/13/2002 tue
week ending 8/11-12/2002
8/10/2002 sat (re fri biz)
8/09/2002 fri
8/8/2002 thu
8/07/2002 wed
8/06/2002 tue
week ending 8/04-05/2002
8/03/2002 sat (re fri biz)
8/02/2002 fri
8/01/2002 thu
Click here for dooms du jour in -
Questions, comments, feedback? Phone 617-623-8080 (Boston) or email us.
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
France already showing signs of deterioration due to workweek-lengthening platform of Chirac
+ today's headline from heaventm
- 1 UPsizing: ?? new US jobs as Albertsons expands in Southwest
vs. doom du jourtm
today's headlines from helltm
Phillips & Conoco merge into 3rd-biggest US oil dinosaur
& another bank merger - Royal Bank of Canada unit to gobble Admiralty Bancorp of Florida
+ 3 downsizings, totaling 520+?? lost jobs, reported in NY Times (NYT) &/or Wall St Journal (WSJ):
2/3 workforce cut (500 lost jobs) as Paccar trucks spooks over decline in demand, instead of cutting its workweek by
2/3 (to three 4½-hour days for whole firm including top executives), re-investing overtime savings in overtime-
targeted training, & keeping everyone together working, earning & buying 1/3 as many trucks as usual
20 Mexican jobcuts by Dresdner Kleinwort Wasserstein
unspecified cuts by Raytheon
+ bankruptcy in the news in NYT or WSJ:
ViaSystems Group plans late Sept. filing
+ homelessness in the news:
judge sets Sept. 25 for Bloomberg to get NYC families into non-jail shelters
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
small biz in NJ cuts workweek from 80-100 to 40-50 hrs by increasing efficiency
Reuters regurgitates French unions' threat to walk out if gov't dilutes 35-hour week
+ today's headlines from heaventm
- 5 UPsizings, totaling 5700+?? new jobs:
3000 at
McDonald's/Ukraine
2700 at Intel/India
unspecified new jobs at Hapag-Lloyd
Express in Germany,
My-Travel Group in UK, &
Taiwan Semiconductor in China
vs. doom du jourtm
today's headlines from helltm
half the economic 'canaries' are dying when put in the 'mine'
if we keep on with factory
farms, we'll have catastrophic disease & starvation in USA
State Dept. holds a secret conference on anti-U.S. trends
+ 2 downsizings, totaling 300+?? lost jobs, reported in NY Times (NYT) &/or Wall St Journal (WSJ):
7.3% workforce cuts (300 lost jobs) as TonenGeneral over-reacts to 1st-half loss, instead of cutting its workweek
7.3% (35 mins/day for whole firm including top executives), re-investing overtime savings in overtime-
targeted training, & keeping everyone together working, earning & shopping 92.7% as much as usual
unspecified cuts by Kendle International
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
Mesaba furloughs 50 pilots for 4 mos. to avoid layoffs
CareerBuilder's survey documents 'coincidence' of longer workdays, heavier workloads, lighter pay
France's employers want return to long hours (...high unemployment & weak domestic markets)
+ today's headlines from heaventm
reader says whole country wants war - six others contradict him
vs. doom du jourtm
today's headline from helltm
another huge banking takeover
+ 1 downsizing, reported in NY Times (NYT) &/or Wall St Journal (WSJ):
47% workforce cuts & defections (12200 lost jobs) as Enron careens downward, instead of cutting its workweek
47% (to four 5.3-hour days for whole firm including top executives), re-investing overtime savings in overtime-
targeted training, & keeping everyone together working, earning & shopping 53% as much as usual
+ makework in the news:
our long 1940-era workweek plus high technology has created so many casualties, that our
Job Corps now needs Job Corps academies to teach the very basics of self-support thru workforce participation
+ homelessness in the news:
NYT's most liberal columnist weighs in on sheltering overflow families in jail
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
Computer Sciences tries to hold down
workforce cuts with worktime cuts, asks 60,000 employees to take 6-mon. leave with 20% pay
big French union, CGT, threatens strike if Chirac gov't starts watering down 35-hour workweek
vs. doom du jourtm
- you can't get economic recovery out of downsizing -
1 downsizing, totaling 12,200 lost jobs, reported in NY Times & Wall St Journal:
17% workforce drop (7000 lost jobs) as Nortel phone equipment revs its death spiral, instead of cutting its workweek
17% (to five 6.6-hour days for whole firm including top executives), re-investing overtime savings in overtime-
targeted training, & keeping everyone together working, earning & buying 83% as much fone gear as usual
+ homelessness in the news:
reader doesn't like the 'choice' of shelters or tiny apts. - how about birth control & OJT?!
+ 1 prison item:
'land of the free' - there are now more American black men in prison (800,000) than college (600,000)
+ today's headline from helltm
Hewlett-Packard posts $2 billion loss due to Compaq acquisition
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
another US union gives up power, agrees
to increase NYC teachers' workweek by over 1½ hours - will rank&file revolt?
+ today's headlines from heaventm
- 4 UPsizings, totaling 44,650+?? new jobs:
40,000 at Home
Depot
4450 at Microsoft
200 at Varian
unspecified new jobs at Red Robin burger chain
vs. doom du jourtm
today's headlines from helltm
"democracies die behind closed doors" & we're getting more & more closed doors
Ashcroft's "Justice" Dept. is arguing for a Kafkaesque America
American B-schools routinely teach The Enron Way
+ 3 downsizings, totaling 674 lost jobs, reported in NY Times & Wall St Journal:
462 jobcuts by Louisiana Pacific
23% workforce cut (122 lost jobs) as Alkermes abreacts to fed denial of new drug, instead of cutting its workweek
23% (to four 7.7-hour days for whole firm including top executives), re-investing overtime savings in overtime-
targeted training, & keeping everyone together working, earning & buying 77% as many drugs as usual
455 jobcuts by UBS
90 by Weyerhaeuser
+ bankruptcy in the news in NYT or WSJ:
bankruptcy bill makes conflict of interest easier, despite Enron etc.
+ 2 prison items:
for spiteful crash that hurt 16 in Hamptons, wealthy Lizzie Grubman gets 2 month-sentence
framed for murder, poor & mentally ill Eddie Joe Lloyd got life sentence (DNA just freed him after 17 years in lockup)
/// six issues per week - average hits per issue last week = 50 ///
weekend roundup per the NY Times & the Wall Street Journal:
12 TIMEsizing stories (?? jobs saved) &
4 UPsizings (300+ new jobs) reported
vs. doom of the week:
25 downsizings, totaling over 19,838 lost jobs
1 makework item
4 bankruptcy items, totaling over $184m in debt
1 eroded-retirement story
2 homelessness stories
1 prison stories
1 work-linked violence story
YTD:
344 tmsz(22480+ jobs)+109 upsz(33390+=8%)
vs. 491 dnsz(706771+)+120 bkrp($71.7B+)+45 hmls+59 jail+25 vilc
- hope of the weekend -
timesizing in the news:
France's 2nd-biggest union prepares to block the coming
flood of exemptions from the 35-hour workweek & prevent a return to 13% unemployment
+ headline from heaven:
already, regret for repealing "old-fashioned" Glass-Steagall banking act
vs. doom of the weekend -
headline from hell:
Dubya 'Warbush' doubles term for 15,000 reservists, longest since 'Nam
+ 2 downsizings, totaling 5013 jobcuts reported in New York Times (NYT) & Wall Street Journal (WSJ):
11% of workforce cut (5000 lost jobs) as Lucent resumes death spiral, instead of just trimming its workweek by
11% (to five 7-hr 7-min days for whole firm including top execs), implementing overtime-targeted training
and keeping everyone together working, earning & buying 89% as many telecom services as usual
13 Hong Kong jobcuts as SCMP Group's South China Morning Post cuts editorial staff
+ 1 prison story:
6,600,000 or 3% of U.S. adults are either behind bars or on parole or probation
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
of employees qualifying for overtime (OT) who take work home, more than half don't get paid
for OT work at home & 20% feel exploited & that makes for lawsuits that cost employers dearly
+ today's headlines from heaventm
some Americans wake up, protest Dubya in Oregon
vs. doom du jourtm
10 downsizings, totaling 8225+?? lost jobs, reported in NY Times (NYT):
4500 jobcuts by Credit Suisse First Boston
15% workforce cut (2050 lost jobs) as Navistar trucks reduces costs (& markets), instead of just trimming its workweek
15% (to five 6½-hour days for whole firm including top executives), re-investing overtime savings in overtime-targeted
training, & keeping everyone together working, earning & buying 85% as many trucks as before
455 jobcuts by UBS
400 by Paine Webber
350 by Union Bancaire Privee
300 by LODH
100 by Bank Sarazin
35 by PBS Private Band Switzerland
35 by W.K. Kellogg Cereals
unspecified cuts by Julius Baer Bank
+ 2 bankruptcies mentioned in NYT:
Gadzoox Networks goes Ch.11, with $4m debt
Brill Media broke
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
pilots report Ryanair flight schedules exceed international 900-hour limit on flying hours per pilot
vs. doom du jourtm
today's headline from helltm
America's central bank politicizes = argument for setting rates by regular referendum
+ 2 downsizings, totaling 143+?? lost jobs, reported in NY Times (NYT) & Wall St Journal (WSJ):
30% workforce cut (143 lost jobs) as Riverstone Networks reacts to eroding sales by cutting purchasers, instead of just trimming its workweek 30% (to four 7-hour days for whole firm including top executives), re-investing overtime savings in overtime-targeted training, & keeping everyone working, earning & buying 70% as many network services as before
unspecified cuts by US Treasury
+ 1 bankruptcy reported in NYT or WSJ:
CEMAR files in Brazil, with $180m in debt
+ homelessness in the news:
should shelter system be used as bid for independence?
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
Japan gov't to develop work-sharing guidelines
Sanyo Electric to implement work-sharing system
France's biz lobby wants flex up (weaken?) 35-hr workweek
Chilean employees don't yet 'get' work-sharing due to initial pay-sharing
+ today's headlines from heaventm
- 1 UPsizing:
unspecified new jobs as Grupo Gigante store opening OK'ed in Anaheim
vs. doom du jourtm
today's headlines from helltm
Japan still suffering weak domestic demand
US fund managers can't find buys
+ retirement warnings:
median-income New Bedford MA couple asks if they can afford to retire in 10 yrs - A: No
+ 1 general story & 3 downsizings, totaling 6000+?? lost jobs, reported in NY Times (NYT) & Wall St Journal (WSJ):
permanent job loss is increasing in the U.S.
6000 jobcuts by Celestica
unspecified cuts by US Airways &
i2 Technologies
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
GE Aircraft Engines gets sued for making overtime exemption appear & disappear
+ today's headlines from heaventm
- 1 UPsizing & 1 custody article:
300 new human jobs as Pirelli opens robotized tire plant in Ga.
13-yr-old given choice of which father to live with
vs. doom du jourtm
today's headlines from helltm
Mexico's unemployment rises to highest since Jan., but still undercounted at 2.9%
half of all U.S. employees disatisfied with their job & nearly half feeling more stressed
Maureen Dowd whacks Dubya & his Whack-Iraq'ers - time to impeach the S.O.B.
+ 4 downsizings, totaling 4130 lost jobs, reported in NY Times (NYT) & Wall St Journal (WSJ):
7% workforce cut (3000 lost jobs) as Cingular Wireless reacts to slower growth by cutting consumers,
generating consumer unconfidence & guaranteeing even slower growth, instead of just trimming its workweek by
7% (five 7hr26min days for whole firm including top executives), re-investing overtime savings in overtime-targeted
training, & keeping everyone together working, earning & demanding 93% as many wireless services as previously
700 jobcuts by Key Tronic
300 cuts by Caterpillar
130 by Cendant
+ 1 bankruptcy reported in NYT or WSJ:
Devon Mobile Communications
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
Australian Services Union wants Qantas to provide job security via 'job' sharing
American leading economic indicators still regard shorter workweeks as negative
+ today's headlines from heaventm
- 1 UPsizing & 2 population articles:
unspecified new & restored jobs as Peabody Energy reopens W.Va. coalmine
most population growth from now on will be in cities & therefore ease up on nature
demographers' big fear of too few workers to support big retiree population ignores technology
vs. doom du jourtm
today's headlines from helltm
France cut 4% off its unemployment (UE) by cutting 4 hours off its maximum workweek - now at 35 hrs,
but Hong Kong sets 35 hours as its minimum fulltime workweek & its UE has now grown to 7.8%
can American plutocracy disguised as "democracy" abide real democracy in Third World?
Krugman detects Bush in made-for-TV populism but actual behind-the-scenes elitism
+ 4 downsizings, totaling 990 lost jobs, reported in NY Times (NYT) & Wall St Journal (WSJ):
680 US positions cut by Kmart
200 Ark & Ok cuts by Tyson Foods
85 net global cuts by Electroglas
11% workforce cut (25 lost jobs) as Commonfund NP money-mgmt middleman abreacts in the face of its own
dispensibility, instead of just trimming its workweek by 11% (five 7hr7min days for whole firm including top executives),
re-investing overtime savings in overtime-targeted training, & keeping everyone earning & investing 89% as much as usual
/// six issues per week - average hits per issue last week = 59 ///
weekend roundup per the NY Times & the Wall Street Journal:
8 TIMEsizing stories (?? jobs saved) &
10 UPsizings (1537+ new jobs) reported
vs. doom of the week:
19 downsizings, totaling over 45,896 lost jobs
10 bankruptcy items, totaling over $19.073B in debt
1 eroded-retirement story
5 homelessness stories
1 prison stories
1 work-linked murder-suicide
YTD:
332 tmsz(22480+ jobs)+105 upsz(33090+=8%)
vs. 466 dnsz(686933+)+116 bkrp($71.5B+)+43 hmls+58 jail+24 vilc
- hope of the weekend -
timesizing in the news:
rural schools try out 4-day workweek
other schools start earlier, but also end earlier
NYT asks, could you use (longer) vacation?
+ headline from heaven:
1 UPsizing - unspecified new jobs as Star Cruises plans 2-4 new ships
vs. doom of the weekend -
weekend headlines from hell:
jobs scarce, so volunteerism instead of work-sharing
the radical deconstructivism of this 'Supreme Court'
America's friends are worried
the hypocrisy of Dubya's version of 'free' trade
+ makework rampant:
Army Corps of Engineers - bipartisan senatorial effort to tame
+ 2 downsizings, totaling 350 jobcuts:
200 jobcuts as Cold Metal Products goes Ch. 11
25% of workforce cut (150 lost jobs) as UBS Warburg's energy-trading business over-
reacts to industry downturn by worsening it, instead of just trimming company workweek by
25% (to five 6-hour days for whole firm including top execs), implementing overtime-targeted
training and keeping everyone together working, earning & buying 75% as much energy as usual
+ homelessness in the news:
food lines, crowding, no privacy - former homeless person found experience a lot like prison
+ work-related violence:
office rage mounts in Britain, but NYT censors its roots in overwork
+ 1 prison story:
make sure your murder defendant gets tried in Vinton Co., Ohio!
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
another Anglo analyst strains to stem investment flow from
unsustainable US to more balanced eurozone by innuendo against shorter worktime
Subaru-Isuzu Automotive furloughs 215 Indiana employees for two months, avoids firings
+ today's headlines from heaventm
- 4 UPsizings & 2 misc:
150 vacancies at Weirton Steel in W.Va,
130 new AZ jobs at Whole Foods &
?? jobs at Tolleson Elementary School District &
Mika
Treasury bans insurance scam whereby 1000s of richest Americans evaded $$billions in taxes
Democrat finally asks how come no prosecutions in Enron Enron Enron
vs. doom du jourtm
today's headlines from helltm
Dubya's big econo 'forum' fails to distract media from nation's problems
more people are looking for home businesses - what choice do they have?
+ 5 downsizings, totaling 755+?? jobcuts, reported in NY Times (NYT) & Arizona Republic (AR):
6% workforce cut (2100 jobs lost) as Scientific-Atlanta cable TV consoles reduces costs & demand
because of already reduced demand, instead of just trimming its workweek by 6% (29 mins. a day for
whole firm including top executives), re-investing overtime savings in overtime-targeted training,
& keeping everyone together working, earning & buying 94% as many cable services as usual
est. 300 cuts planned by Julius Baer bank of Switzerland
55 by Planar Systems in Or. & Wa.
unspecified Phoenix cuts by Roy Edwards Warehouse &
Buzz Jensen's Sound Advice
+ some Prozac & 5 bankruptcies/liquidations in the news in NYT or AR:
bankruptcies not that bad, if ignore personal
Atlantic Express Transportation, a fishy filing on Staten Is. with 64 affiliates & $18.2m in net "debt"
Cold Metal Products in Pa. files for protection
Monarch's Rest Brewpub in Yuma AZ - Ch.11
Roy Edwards Warehouse - Ch.7
Buzz Jensen's Sound Advice - Ch.7
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
Royal Caribbean cruise employees filing class action
to get overtime premium above their 70-hour workweeks near settlement
+ today's headlines from heaventm
1 UPsizing, 500 new China jobs: National Semi builds factory
more GOP leaders tell Dubya to lay off Iraq, but where's the Dem opposition?
vs. doom du jourtm
today's headline from helltm
Dubya's diss of the week - snubs Fox & 16 others by shrugging off Mexican's Texecution
+ retirement warnings:
stock investment raises number of underfunded public pension plans from 31% to 51% in 2 yrs
stock drop boosts old-fashioned pensions over 401k's, but so few old-fashioned pensions survive
+ 3 downsizings, totaling 2,100+?? jobcuts, reported in NY Times & Wall St Journal:
1.2% workforce cut (2100 jobs lost) as Fujistu telecom equipment over-adjusts to slump in demand, instead of just trimming its workweek by 1.2% (6 mins. a day for whole firm including top executives), re-investing overtime savings in overtime-targeted training, & keeping everyone working, earning & buying 98.8% as many telecom services as usual
unspecified cuts by Autodesk &
GE Aircraft Engines
+ homelessness in the news:
readers suggest islands or trailers
instead of jails for surplus homeless, emphasize damage down the generations
- you can't downsize your way to economic recovery -
timesizing consciousness in the news:
WSJ tracks the death of retirement (making worksharing all the more urgent)
+ today's headlines from heaven
tm
Tasty Baking Co. of Philly picks the one new CEO in 16 who understands
their culture of cherishing employees & shunning layoffs
vs. doom du jourtm
3 downsizings, totaling 26,020 jobcuts, reported in NY Times & Wall St Journal:
21,920 jobcuts as Ames Department Stores move from bankruptcy to liquidation
36% workforce cut (4000 jobs lost) as Agere Systems amputates its optoelectronics in response to shrunken demand, instead of just trimming its workweek by 36% (to 5.1 hours a day for whole firm including top executives), re-investing overtime savings in overtime-targeted training, & keeping everyone working, earning & shopping 64% as much as usual
100 cuts planned by Advanced Energy Industries Incorporated
+ bankruptcy in the news in New York Times or Wall St Journal:
Ames Dept. Stores "graduates" from bankruptcy to liquidation with at least $1.053B in net debt
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
Peter Roussel's new novel
explores theme of long working hours of White House aides & struggle for balance in their lives
vs. doom du jourtm
today's headlines from helltm
Dubya's war lust & treaty dissing earn US "#1 Rogue Nation" in London
8m Americans are vying for 3½m jobs - new index
investors are fleeing to real estate, making yet another bubble
+ 1 downsizing, totaling 9613+?? jobcuts, reported in NY Times & Wall St Journal:
3% workforce cut (9613 jobs lost) as world's biggest computer maker, IBM, shrinks itself
by worsening the decline in corporate tech spending, instead of just trimming its workweek by
3% (less than 15 minutes a day for whole firm including top executives), re-investing overtime savings in
overtime-targeted training, & keeping everyone together working, earning & spending 97% as much as usual
+ bankruptcy in the news in New York Times or Wall St Journal:
more backwash from US Air filing
- cheaper tickets but fewer flights & longer layovers
+ homelessness in the news:
NYT blames federal & state gov'ts for NYC's homeless crunch
- you can't downsize your way into economic growth -
timesizing in the news:
Sherwood Ross reviews overtime (OT) and 'OT exemption' criteria
Policy Innovation Inst. thinks families could work less if we lost the 'marriage tax'
+ today's headlines from heaven
tm - 5 UPsizings, totaling 757+?? new jobs:
600 at Electronic Arts
66 at Lucasfilms' game unit
51 at THQ
40 at Ubi
Soft Entertainment
unspecified new jobs at Electronics Boutique Holdings
vs. doom du jourtm
2 downsizings, totaling 7400 jobcuts, reported in NY Times & Wall St Journal:
6% workforce cut (7000 jobs lost) as world's biggest airline, American, makes itself smaller by
aggravating the drop in air travel, instead of just trimming its workweek by 6% (less than half an
hour a day for whole firm including top executives), re-investing overtime savings in overtime-
targeted training, & keeping everyone together working, earning & flying 94% as much as usual
400 longshoremen cuts planned by Pacific Maritime Assoc.
+ 2 bankruptcy stories in New York Times or Wall St Journal:
big backwash from US Air filing
cottage industry helps people fill out bankruptcy & other petitions - lawyers & judges try squelch
+ homelessness in the news:
multimillionaire mayor Bloomberg of NYC could see no other
option but to house homeless children in prison just beyond razor wire and among strangers
/// six issues per week - average hits per issue last week = 55 ///
weekend roundup per the NY Times & the Wall Street Journal:
8 TIMEsizing stories (?? jobs saved) &
3 UPsizings (660+ new jobs) reported
vs. doom of the week:
11 downsizings, totaling over 6,614 lost jobs
2 makework items
1 bankruptcy
1 homelessness item
2 prison stories
1 work-linked violent incidents
YTD:
324 tmsz(22480+ jobs)+95 upsz(31553+=8%)
vs. 447 dnsz(641037+)+106 bkrp($52.4B+)+38 hmls+57 jail+23 vilc
- hope of the weekend -
timesizing in the news:
an unusual example of reshuffled work sharing between large corporations
+ headline from heaven:
WSJ trashes 'wealth effect' as significant contributor to consumer spending
vs. doom of the weekend -
weekend headlines from hell:
wage stagnation finally admitted
repeat - no authoritative administration voice on the economy
uninsured Americans increasing
young Black men face job crisis
Calif. utilities fight solar energy
+ 5 downsizings, totaling 8+?? jobcuts:
8 jobs lost as Dagens Nyheter closes its Tokyo bureau
unspecified cuts as 5 other newspapers follow suit - Chicago Tribune
Christian Science Monitor
London Independent
Corriere della Sera of Italy
+ 1 bankruptcy story:
US Airways, with $20m net debt
+ 2 homelessness stories:
with 8400 families in shelters, NYC sleeps 100s on floor on intake unit & converts old jail
homeless boy commits suicide in NYC shelter hotel - parson calls for housing, we call for work sharing
+ 1 prison story:
finally, an article on just how white-collar criminals get tapped on the wrist
+ work-related violence:
murder-suicide at a Safeway store in Oakland 4 wks ago
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
(8/02) United Steelworkers vote to strike J&L Specialty in Oh. & Pa. over forced overtime
(8/01) Graphic Pkg locks out 400 Paper, Allied-industrial, Chemical & Energy workers for rejecting forced overtime
+ today's headlines from heaven:
tm
1 UPsizing - ?? new jobs as Home Depot opens 3 lawn&garden outlets in metro Atlanta
vs. doom du jourtm
today's headlines from helltm
production flat but productivity rises slowly from quick layoffs
corporate bad news still outweighs good
Bush keeps up the beat - beating America backwards in medical privacy, environmental protection & respect for international law
old lawmakers swarm Capitol Hill to block crackdown on offshore tax evasion
+ 1 downsizing, reported in NY Times & Wall St Journal:
unspecified cuts as Dana Corp. closes plants in Ind. & Neb.
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
European Central Bank takes a swing back at the WSJ for its long-hours obsession & 3 English-speaking economies betray stress that the WSJ has not considered:
USA
UK
Australia
vs. doom du jourtm
today's headlines from hell:
employees have seen too much bad mgmt for too long to rescue stocks with more investment
speaking of bad management, WorldCom doubles its 'newly discovered expenses' to $7B
+ 3 downsizings, totaling 3090 jobcuts, reported in NY Times & Wall St Journal:
15% workforce cut (1500 jobs lost) as Champion Enterprises manufactured homes reacts self-destructively to slumping demand by closing plants and sales centers, instead of just trimming its workweek by 15% (to five 6hr48 min days for whole firm including top executives), re-investing overtime savings in overtime-targeted training, & keeping together working, earning & buying 85% as many prefab homes as before
1500 more jobcuts by CableVision
90 by RealNetworks
+ 1 bankruptcy story in New York Times or Wall St Journal:
slimey Dem rep gets $½m loan from bank, then supports the pro-banks bankruptcy bill
+ homelessness in the news:
NYC experienced 32% increase in homeless families last year
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
WSJ attempts a frontpage hatchet job on the one approach that can restart
real progress = work-sharing
+ today's headlines from heaven(?):
1 UPsizing - ?? new jobs as work starts on $4½B powerplant but nuke & in No. Korea
vs. doom du jourtm
today's headline from helltm
WorldCom's takeover lust fueled its fall
+ 1 downsizing, totaling 900 jobcuts, reported in NY Times & Wall St Journal:
9% workforce cut as Nokia Networks unit spooks over faltering demand, instead of just trimming its workweek by
9% (43 mins/day for whole firm including top execs), re-investing overtime savings in overtime-targeted training,
& keeping everyone together working, earning & buying 91% as many network services as usual
+ makework in the news:
Taiwan is pumping $75B into public & private spending to goose economy, especially tourism
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
northern England trains & union agree on reduced workhours (but employer renegs)
Australia's Secy of Dept of Employment, Peter Boxall, calls for shorter working days
+ today's headlines from heaventm
1 UPsizing - 660 new Neb. jobs as PayPal opens builds bigger cust. service & operations facility
vs. doom du jourtm
5 downsizings, totaling 2392 jobcuts +??, reported in NY Times & Wall St Journal:
14% workforce cut (1050 jobs lost) as Aquila energy trading over-reacts to deflating energy prices, instead of doing
14% workweek cut (to five 6hr53min days for whole firm including top execs), re-investing overtime savings in
overtime-targeted training, & keeping everyone together working, earning & using 86% as much energy as usual
1000 more jobcuts by Charles Schwab
286 cuts by Digex
56 by Tut Systems
unspecified cuts by Quadrtech
+ 1 prison item:
Traficant gets 8 yrs for $100,000s in bribery & kickbacks but keeps his Congressional pension, while
ordinary citizens get permanently excluded from cash assistance or food stamps for possessing $5 worth of drugs
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
V-ONE Corp. has discovered how to cut costs without cutting
customer service, corporate skillset, employee morale or ambient consumer base
vs. doom du jourtm
makework in the news:
FCC moves to shove costly digital TV down America's throat, inflate jobs
in consumer electronics & grab $billions for gov't by auctioning off old analog-TV broadcast spectrum
+ 1 case of work-related suicide:
Alaska public safety commissioner (formerly head of state troopers) has affair
with 2nd-in-command at state Chamber of Commerce, then retires & dumps her - she comes back, shoots him & herself
- miss yesterday's hope du jour? see Features below -
weekend roundup per the NY Times & the Wall Street Journal:
9 TIMEsizing stories (?? jobs saved) &
3 UPsizings (1120+ new jobs) reported
vs. doom of the week:
14 downsizings, totaling over 15,267 lost jobs
2 eroded-retirement stories
3 bankruptcies, totaling over $288m in debt
3 prison stories
2 work-linked violent incidents
YTD:
316 tmsz(22480+ jobs)+92 upsz(30893+=8%)
vs. 436 dnsz(634423+)+105 bkrp($52.4B+)+37 hmls+55 jail+22 vilc
- hope of the weekend -
timesizing in the news - limiting worklife this time, not workweek:
one U.S. teenager dies on-the-job every 5 days, but is solution really for gov't to get longer list of
banned jobs for teens, or just raise lower age-limit on worklife (excepting only family businesses)
+ headlines from heaven:
Walter Wriston suggests simpler rules to counteract corporate scandals
vs. doom of the weekend -
1 downsizing, totaling 232 jobcuts:
8% of workforce cut (232 lost Ill. jobs)
as Granite City Steel fails to learn the secret of rival Nucor's flexibility, namely just trimming its workweek by
8% (only 38 mins/day for whole firm including top execs), implementing overtime-targeted training
and keeping everyone together working, earning & buying 92% as much steel stuff as usual
+ 1 prison story:
NY State & Florida still use bread & water = 'the Loaf,' for discipline
- miss yesterday's hope du jour? see Features below -
timesizing consciousness slowly surfaces:
workweek trimmings by many US employers are dropping the average
another health center, Oakwood Healthcare, deploys software to curtail overtime
Japan makes exception & adorns banknote with woman, who died in poverty & overwork
+ today's headlines from heaventm
1 UPsizing - unspecified new Ariz. jobs as Sprouts Farmers Mkt plans 17 new stores
Bush does something good for a change = clamps down on truck emissions despite truckers
Judge Emmet Sullivan ain't putting up with no 'executive privilege' excuse for Cheney's withholding of energy taskforce records
vs. doom du jourtm /
today's headlines from helltm
economy flabby but at last they're mentioning employment
California, poster child for energy foul-up, scratches its fat head over the mess it made
+ 1 retirement-crisis story:
Arizona's biggest pension fund dropped 12% last fiscal year,
but dropped 5% this FY in its first month alone (still want to privatize social security?)
+ 3 downsizings, totaling 5220 jobcuts, reported in NY Times & Wall St Journal:
1.2% workforce cut (5000 jobs lost) as Siemens continues its self-meltdown, instead of doing a
1.2% workweek cut (6 mins/day for whole firm including top execs), re-investing overtime savings
in overtime-targeted training, & keeping everyone together working, earning & shopping 98.8% as much as usual
120 jobcuts by Gerling Global Reinsurance of America
100 US cuts by Sony Music Entertainment
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
So. Korean auto sales up, aided by workweek reduction
+ today's headlines from heaventm
NYT op ed looks at rescue of 9 Pa. miner & suggests key to safety is common interest
Rabin's biographer fingers Sharon for sabotaging peace with Palestinians
Nevada mulls decriminalizing pot & just taxing it for its costs
vs. doom du jourtm
headlines from helltm
Dubya's double dip & current symptoms
Senate gives dummy Dubya more authority to damage us
Senate gears up the usual dumb military solution @ $355B
Fla.'s Kathie Harris screws up again - this time hurts herself, not us
+ 1 retirement-crisis spin-control story:
WSJ editorial tries to load old folks back into sinking Wall St 'Titanic'
+ 2 downsizings, totaling 3,450+?? jobcuts, reported in NY Times & Wall St Journal:
3300 +?? jobcuts by ADC Telecoms
0.3% workforce cut (over 150 jobs lost) as Morgan Stanley continues its partly self-inflicted meltdown, instead of nicking its workweek by 0.3% (1.4 mins/day for whole firm including top execs), re-investing overtime savings in overtime-targeted training, & keeping everyone together working, earning & buying 99.7% as many financial services as before
+ 1 bankruptcy mentioned in New York Times & Wall St Journal:
Dade Behring medical diagnostics goes Ch. 11
+ 1 case of work-related suicide:
Calif. nurse documents elder abuse, then feels the only way she can get media & action is suicide
- miss yesterday's hope du jour? see Features below -
timesizing in the news:
(7/25) Aussie building union campaigns for 36-hr workweek
+ today's headlines from heaventm
- 2 UPsizings:
1000 at IBM in E. Fishkill, NY
120 at Correctional Services Corp. in Tacoma, Wa.
vs. doom du jourtm
headlines from helltm
consumer spending finally slows
housing bubble loses air
Senate kills drug benefits
+ 3 downsizings, totaling 3,858 jobcuts + unspecified, reported in NY Times (NYT) & Wall St Journal (WSJ):
2/3 workforce cut (3133 jobs lost) as Irish drug maker Elan Corp. gets caught in screwy acctg & flops with a senility drug, instead of slashing its workweek by 2/3 (to four 3hr20min days for whole company including execs), re-investing overtime savings in overtime-targeted training, & keeping everyone together working, earning & buying 1/3 as many drugs as usual
377 jobcuts by Alcoa
348 cuts by Weyerhaeuser
+ 1 case of work-related violence:
civil servant in Lebanon, mad about selling car to repay employer loan, wipes out loan office
July/2002
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Dec/99.
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Aug-July/99.
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before Apr.30/99.
For more details, see our laypersons' guide Timesizing, Not Downsizing, which is available online from *Amazon.com and at bookstores in Harvard and Porter Squares, Cambridge, Mass.